10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended: June 30, 2018

or

☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from                      to                     

Commission File Number: 001-34190

HOME BANCORP, INC.

(Exact name of Registrant as specified in its charter)

Louisiana	71-1051785
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification Number)
503 Kaliste Saloom Road, Lafayette, Louisiana	70508
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (337) 237-1960

Not Applicable

(Former Name, Former Address and Former Fiscal Year, if changed since last report)

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days.    YES  ☒    NO  ☐

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    YES  ☒    NO  ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☒
Non-accelerated filer	☐  (Do not check if a smaller reporting company)	Smaller reporting company	☐
Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).    YES  ☐    NO  ☒

At July 31, 2018, the registrant had 9,460,512 shares of common stock, $0.01 par value, outstanding.

HOME BANCORP, INC. and SUBSIDIARY

TABLE OF CONTENTS

		Page
PART I
Item 1.	Financial Statements (unaudited)
	Consolidated Statements of Financial Condition		1
	Consolidated Statements of Income		2
	Consolidated Statements of Comprehensive Income		3
	Consolidated Statements of Changes in Shareholders’ Equity		4
	Consolidated Statements of Cash Flows		5
	Notes to Unaudited Consolidated Financial Statements		6
Item 2.	Managements’ Discussion and Analysis of Financial Condition and Results of Operations		27
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		39
Item 4.	Controls and Procedures		39
PART II
Item 1.	Legal Proceedings		40
Item 1A.	Risk Factors		40
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		40
Item 3.	Defaults Upon Senior Securities		40
Item 4.	Mine Safety Disclosures		40
Item 5.	Other Information		40
Item 6.	Exhibits		41
SIGNATURES			42

i

HOME BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

	(Unaudited) June 30, 2018			(Audited) December 31, 2017
Assets
Cash and cash equivalents	$	80,489,229		$	150,417,829
Interest-bearing deposits in banks		1,429,000			2,421,000
Investment securities available for sale, at fair value		264,258,591			234,993,436
Investment securities held to maturity (fair values of $12,849,714 and $13,055,073, respectively)		12,869,388			13,033,590
Mortgage loans held for sale		9,710,992			5,873,132
Loans, net of unearned income		1,625,679,017			1,657,794,751
Allowance for loan losses		(14,972,574	)		(14,807,278	)
Total loans, net of unearned income and allowance for loan losses		1,610,706,443			1,642,987,473
Office properties and equipment, net		45,191,944			45,604,752
Cash surrender value of bank-owned life insurance		29,228,142			28,903,913
Goodwill and core deposit intangibles		67,035,203			68,033,472
Accrued interest receivable and other assets		39,056,995			35,852,241
Total Assets	$	2,159,975,927		$	2,228,120,838
Liabilities
Deposits:
Noninterest-bearing	$	455,676,218		$	461,999,611
Interest-bearing		1,332,868,982			1,404,227,717
Total deposits		1,788,545,200			1,866,227,328
Short-term Federal Home Loan Bank advances		3,578,172			3,642,422
Long-term Federal Home Loan Bank advances		66,395,569			68,183,173
Accrued interest payable and other liabilities		12,096,106			12,197,189
Total Liabilities		1,870,615,047			1,950,250,112
Shareholders’ Equity
Preferred stock, $0.01 par value - 10,000,000 shares authorized; none issued		—			—
Common stock, $0.01 par value - 40,000,000 shares authorized; 9,437,654 and 9,395,488 shares issued and outstanding, respectively		94,377			93,955
Additional paid-in capital		166,897,088			165,341,415
Unallocated common stock held by:
Employee Stock Ownership Plan (ESOP)		(3,659,970	)		(3,838,510	)
Recognition and Retention Plan (RRP)		(77,450	)		(83,903	)
Retained earnings		129,645,221			117,312,630
Accumulated other comprehensive loss		(3,538,386	)		(954,861	)
Total Shareholders’ Equity		289,360,880			277,870,726
Total Liabilities and Shareholders’ Equity	$	2,159,975,927		$	2,228,120,838

The accompanying Notes are an integral part of these Consolidated Financial Statements.

1

HOME BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

	For the Three Months Ended					For the Six Months Ended
	June 30,					June 30,
	2018		2017			2018		2017
Interest Income
Loans, including fees	$	23,527,220	$	16,167,363		$	46,330,848	$	32,410,631
Investment securities:
Taxable interest		1,530,688		958,583			2,839,639		1,824,496
Tax-exempt interest		179,113		156,297			365,221		319,017
Other investments and deposits		338,259		116,526			765,198		207,891
Total interest income		25,575,280		17,398,769			50,300,906		34,762,035
Interest Expense
Deposits		1,926,555		1,149,489			3,828,752		2,141,929
Short-term Federal Home Loan Bank advances		16,409		30,628			32,985		94,606
Long-term Federal Home Loan Bank advances		295,719		321,201			596,024		658,848
Total interest expense		2,238,683		1,501,318			4,457,761		2,895,383
Net interest income		23,336,597		15,897,451			45,843,145		31,866,652
Provision for loan losses		580,621		150,000			1,544,878		456,832
Net interest income after provision for loan losses		22,755,976		15,747,451			44,298,267		31,409,820
Noninterest Income
Service fees and charges		1,519,743		990,432			3,174,488		1,927,361
Bank card fees		1,196,082		766,607			2,294,632		1,450,121
Gain on sale of loans, net		200,864		327,549			407,901		615,612
Income from bank-owned life insurance		163,610		121,649			324,229		240,365
Gain (loss) on sale of assets, net		69		(460,029	)		145,275		(104,489	)
Other income		263,665		417,739			478,459		860,784
Total noninterest income		3,344,033		2,163,947			6,824,984		4,989,754
Noninterest Expense
Compensation and benefits		9,222,132		6,892,412			18,163,605		13,667,861
Occupancy		1,719,081		1,272,246			3,393,950		2,492,129
Marketing and advertising		306,434		287,807			565,989		514,403
Data processing and communication		2,344,224		1,073,303			4,023,270		2,148,510
Professional services		305,569		181,517			591,623		412,887
Forms, printing and supplies		273,995		155,144			630,599		290,443
Franchise and shares tax		363,248		191,816			728,548		393,782
Regulatory fees		342,947		312,437			722,284		635,275
Foreclosed assets, net		86,643		(101,096	)		189,641		(159,871	)
Other expenses		1,357,355		785,290			2,902,081		1,686,170
Total noninterest expense		16,321,628		11,050,876			31,911,590		22,081,589
Income before income tax expense		9,778,381		6,860,522			19,211,661		14,317,985
Income tax expense		2,002,631		2,374,725			3,972,364		4,826,487
Net Income	$	7,775,750	$	4,485,797		$	15,239,297	$	9,491,498
Earnings per share:
Basic	$	0.86	$	0.64		$	1.69	$	1.36
Diluted	$	0.84	$	0.62		$	1.64	$	1.31
Cash dividends declared per common share	$	0.17	$	0.14		$	0.32	$	0.27

The accompanying Notes are an integral part of these Consolidated Financial Statements.

2

HOME BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2018			2017			2018			2017
Net Income	$	7,775,750		$	4,485,797		$	15,239,297		$	9,491,498
Other Comprehensive (Loss) Income
Unrealized (losses) gains on investment securities		(1,012,656	)		57,467			(3,009,953	)		162,647
Tax effect		212,657			(20,113	)		632,090			(56,926	)
Other comprehensive (loss) income, net of taxes		(799,999	)		37,354			(2,377,863	)		105,721
Comprehensive Income	$	6,975,751		$	4,523,151		$	12,861,434		$	9,597,219

The accompanying Notes are an integral part of these Consolidated Financial Statements.

3

HOME BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)

	Common Stock			Additional Paid-in Capital			Unallocated Common Stock Held by ESOP			Unallocated Common Stock Held by RRP			Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Total
Balance, December 31, 2016	$	73,502		$	79,425,604		$	(4,195,590	)	$	(119,633	)	$	104,647,375		$	11,766		$	179,843,024
Net income														9,491,498						9,491,498
Other comprehensive income																	105,721			105,721
Purchase of Company’s common stock at cost, 91 shares		(1	)		(539	)								(1,684	)					(2,224	)
Cash dividends declared, $0.27 per share														(1,991,459	)					(1,991,459	)
Common stock issued under incentive plans, net of shares surrendered in payment, including tax benefit 7,805 shares		78			17,055									(35,036	)					(17,903	)
Exercise of stock options		436			508,205															508,641
RRP shares released for allocation					(3,553	)					7,648									4,095
ESOP shares released for allocation					578,954			178,540												757,494
Share-based compensation cost					239,978															239,978
Balance, June 30, 2017	$	74,015		$	80,765,704		$	(4,017,050	)	$	(111,985	)	$	112,110,694		$	117,487		$	188,938,865
Balance, December 31, 2017	$	93,955		$	165,341,415		$	(3,838,510	)	$	(83,903	)	$	117,312,630		$	(954,861	)	$	277,870,726
Net income														15,239,297						15,239,297
Other comprehensive loss																	(2,377,863	)		(2,377,863	)
Reclassification of stranded tax effects in accumulated other comprehensive income(1)														205,662			(205,662	)		—
Purchase of Company’s common stock at cost, 1,077 shares		(11	)		(10,759	)								(37,536	)					(48,306	)
Cash dividends declared, $0.32 per share														(3,010,689	)					(3,010,689	)
Common Stock issued under incentive plans, net of shares surrendered in payment, including tax benefit, 16,528 shares		165			169,891									(64,143	)					105,913
Exercise of stock options		268			338,528															338,796
RRP shares released for allocation					(4,190	)					6,453									2,263
ESOP shares released for allocation					719,115			178,540												897,655
Share-based compensation cost					343,088															343,088
Balance, June 30, 2018	$	94,377		$	166,897,088		$	(3,659,970	)	$	(77,450	)	$	129,645,221		$	(3,538,386	)	$	289,360,880

⁽¹⁾ See Note 2 - Recent Accounting Pronouncements

The accompanying Notes are an integral part of these Consolidated Financial Statements.

4

HOME BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

	For the Six Months Ended
	June 30,
	2018			2017
Cash flows from operating activities:
Net income	$	15,239,297		$	9,491,498
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses		1,544,878			456,832
Depreciation		1,199,431			957,910
Amortization and accretion of purchase accounting valuations and intangibles		4,211,869			2,348,298
Net amortization of mortgage servicing asset		75,256			100,009
Federal Home Loan Bank stock dividends		(55,500	)		(53,300	)
Net amortization of discount on investments		983,158			827,562
Gain on loans sold, net		(407,901	)		(615,612	)
Proceeds, including principal payments, from loans held for sale		43,424,958			64,813,882
Originations of loans held for sale		(46,854,917	)		(64,340,005	)
Non-cash compensation		1,240,743			997,472
Deferred income tax expense (benefit)		317,512			(183,150	)
(Increase) decrease in accrued interest receivable and other assets		(3,182,933	)		607,288
Increase in cash surrender value of bank-owned life insurance		(324,229	)		(240,365	)
Decrease in accrued interest payable and other liabilities		(157,423	)		(1,772,297	)
Net cash provided by operating activities		17,254,199			13,396,022
Cash flows from investing activities:
Purchases of securities available for sale		(58,268,456	)		(33,716,007	)
Proceeds from maturities, prepayments and calls on securities available for sale		25,173,733			19,569,009
Decrease (increase) in loans, net		27,288,000			7,216,038
Decrease in interest-bearing deposits in banks		992,000			493,000
Proceeds from sale of repossessed assets		540,040			2,632,000
Purchases of office properties and equipment		(1,500,090	)		(667,584	)
Proceeds from sale of office properties and equipment		839,402			639,290
Proceeds from redemption of Federal Home Loan Bank stock		—			4,180,100
Net cash (used in) provided by investing activities		(4,935,371	)		345,846
Cash flows from financing activities:
(Decrease) increase in deposits, net		(77,728,187	)		61,170,327
Borrowings on Federal Home Loan Bank advances		—			130,750,000
Repayments of Federal Home Loan Bank advances		(1,904,955	)		(181,771,583	)
Proceeds from exercise of stock options		338,796			508,641
Issuance of stock under incentive plans		105,913			(17,903	)
Dividends paid to shareholders		(3,010,689	)		(1,991,459	)
Purchase of Company’s common stock		(48,306	)		(2,224	)
Net cash (used in) provided by financing activities		(82,247,428	)		8,645,799
Net change in cash and cash equivalents		(69,928,600	)		22,387,667
Cash and cash equivalents at beginning of year		150,417,829			29,314,741
Cash and cash equivalents at end of year	$	80,489,229		$	51,702,408

The accompanying Notes are an integral part of these Consolidated Financial Statements.

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HOME BANCORP, INC. AND SUBSIDIARY

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

1. Basis of Presentation

The accompanying unaudited consolidated financial statements of Home Bancorp, Inc. (the “Company”) were prepared in accordance with instructions for Form 10-Q and Regulation S-X and do not include information or footnotes necessary for a complete presentation of financial condition, results of operations, comprehensive income, changes in shareholders’ equity and cash flows in conformity with accounting principles generally accepted in the United States of America. However, in the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the financial statements have been included. The results of operations for the six-month period ended June 30, 2018 are not necessarily indicative of the results which may be expected for the entire fiscal year. These statements should be read in conjunction with the Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) for the year ended December 31, 2017.

Critical Accounting Policies and Estimates

There were no material changes or developments during the reporting period with respect to methodologies the Company uses when applying critical accounting policies and developing critical accounting estimates as disclosed in its Annual Report on Form 10-K for the year ended December 31, 2017.

In preparing the financial statements, the Company is required to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. The financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the Company’s financial condition, results of operations, comprehensive income, changes in shareholders’ equity and cash flows for the interim periods presented. These adjustments are of a normal recurring nature and include appropriate estimated provisions.

2. Recent Accounting Pronouncements

In February 2016, the FASB issued ASU 2016-02, “Conforming Amendments Related to Leases”. This ASU amends the codification regarding leases in order to increase transparency and comparability. The ASU requires companies to recognize lease assets and liabilities on the statement of condition and disclose key information about leasing arrangements. Upon implementation, lessee will recognize a liability to make lease payments and a right-of-use asset representing its right to use the leased asset for the lease term. The ASU is effective for annual and interim periods beginning after December 15, 2018. The Company is currently assessing the amendment but does not anticipate it will have a material impact on our Consolidated Financial Statements. Based on the Company’s preliminary assessment of its current leases, the impact to the Company’s consolidated balance sheet is estimated to be less than a 1% increase in assets and liabilities.

In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments”. The ASU requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net carrying value at the amount expected to be collected on the financial assets. The income statement reflects the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount of financial assets. An entity must use judgment in determining the relevant information and estimation methods that are appropriate in its circumstances. The allowance for credit losses for purchased financial assets with a more-than-insignificant amount of credit deterioration since origination that are measured at amortized cost basis is determined in a similar manner to other financial assets

6

measured at amortized cost basis; however, the initial allowance for credit losses is added to the purchase price rather than being reported as a credit loss expense. Only subsequent changes in the allowance for credit losses are recorded as a credit loss expense for these assets. Off-balance-sheet arrangements such as commitments to extend credit, guarantees, and standby letters of credit that and are not unconditionally cancellable are also within the scope of this amendment. Credit losses relating to debt securities should be recorded through an allowance for credit losses. This ASU is effective for fiscal years beginning after December 31, 2019. An entity will apply the amendments in this update on a modified retrospective basis, through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The Company is currently assessing this accounting standard and the implementation of a new software application during 2018 to assist in determining the impact to our Consolidated Financial Statements. The adoption of this ASU could result in material changes in our accounting for credit losses. The extent of the impact upon adoption will depend on the characteristics of the Company’s loan portfolio and economic conditions on that date as well as forecasted conditions thereafter.

In January 2017, FASB issued ASU No. 2017-04, “Intangibles – Goodwill and Other, Simplifying the Test for Goodwill Impairment”. The amendment in this ASU eliminates the requirement to calculate the implied fair value of goodwill in order to measure a goodwill impairment charge. An entity will record an impairment charge based on the excess of the carrying amount over its fair value. This ASU is effective for fiscal and interim testing periods beginning after December 15, 2019. The Company is currently assessing the amendment and does not anticipate it will have a material impact on our Consolidated Financial Statements.

In April 2017, FASB issued ASU No. 2017-8, “Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities”. This ASU shortens the amortization period for the premium on certain purchased callable debt securities to the earliest call date. The accounting for purchased callable debt securities held at a discount does not change under the new guidance. This ASU is effective for fiscal and interim periods beginning after December 15, 2018. The Company is currently assessing the amendment and does not anticipate it will have an impact on our Consolidated Financial Statements.

ASU 2018-02, “Income Statement — Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” ASU 2018-02 was issued to address the income tax accounting treatment of the stranded tax effects within accumulated other comprehensive income as a result of tax reform. This issue came about from the enactment of the Tax Cuts and Jobs Act of 2017 on December 22, 2017 that changed the Company’s statutory income tax rate from 35% to 21%. The ASU changed current accounting whereby an entity may elect to reclassify the stranded tax effect from accumulated other comprehensive income to retained earnings. The ASU is effective for periods beginning after December 15, 2018 although early adoption is permitted. The Company adopted ASU 2018-02 in the first quarter of 2018 and reclassified its stranded tax credit of $206,000 from accumulated other comprehensive income to retained earnings.

3. Investment Securities

Summary information regarding the Company’s investment securities classified as available for sale and held to maturity as of June 30, 2018 and December 31, 2017 is as follows.

(dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses				Fair Value
					Less Than 1 Year		Over 1 Year
June 30, 2018
Available for sale:
U.S. agency mortgage-backed	$	85,883	$	483	$	1,122	$	467	$	84,777
Collateralized mortgage obligations		149,983		58		1,706		1,771		146,564
Municipal bonds		22,372		111		42		—		22,441
U.S. government agency		10,500		33		56		—		10,477
Total available for sale	$	268,738	$	685	$	2,926	$	2,238	$	264,259
Held to maturity:
Municipal bonds	$	12,869	$	30	$	18	$	31	$	12,850
Total held to maturity	$	12,869	$	30	$	18	$	31	$	12,850

7

(dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses				Fair Value
					Less Than 1 Year		Over 1 Year
December 31, 2017
Available for sale:
U.S. agency mortgage-backed	$	84,639	$	619	$	270	$	298	$	84,690
Collateralized mortgage obligations		115,435		46		671		1,075		113,735
Municipal bonds		25,362		177		17		1		25,521
U.S. government agency		11,026		42		21		—		11,047
Total available for sale	$	236,462	$	884	$	979	$	1,374	$	234,993
Held to maturity:
Municipal bonds	$	13,034	$	54	$	18	$	15	$	13,055
Total held to maturity	$	13,034	$	54	$	18	$	15	$	13,055

The estimated fair value and amortized cost by contractual maturity of the Company’s investment securities as of June 30, 2018 are shown in the following tables. Securities are classified according to their contractual maturities without consideration of principal amortization, potential prepayments or call options. The expected maturity of a security may differ from its contractual maturity because of prepayments or the exercise of call options. Accordingly, actual maturities may differ from contractual maturities.

(dollars in thousands)	One Year or Less		After One Year through Five Years		After Five Years through Ten Years		After Ten Years		Total
Fair Value
Securities available for sale:
U.S. agency mortgage-backed	$	1,749	$	11,805	$	40,672	$	30,551	$	84,777
Collateralized mortgage obligations		—		5,806		15,863		124,895		146,564
Municipal bonds		3,609		9,021		6,968		2,843		22,441
U.S. government agency		1,002		3,962		4,051		1,462		10,477
Total securities available for sale	$	6,360	$	30,594	$	67,554	$	159,751	$	264,259
Securities held to maturity:
Municipal bonds	$	—	$	6,568	$	5,222	$	1,060	$	12,850
Total securities held to maturity	$	—	$	6,568	$	5,222	$	1,060	$	12,850

8

(dollars in thousands)	One Year or Less		After One Year through Five Years		After Five Years through Ten Years		After Ten Years		Total
Amortized Cost
Securities available for sale:
U.S. agency mortgage-backed	$	1,749	$	12,117	$	41,564	$	30,453	$	85,883
Collateralized mortgage obligations		—		5,848		16,208		127,927		149,983
Municipal bonds		3,593		8,981		6,942		2,856		22,372
U.S. government agency		999		3,998		4,022		1,481		10,500
Total securities available for sale	$	6,341	$	30,944	$	68,736	$	162,717	$	268,738
Securities held to maturity:
Municipal bonds	$	—	$	6,550	$	5,253	$	1,066	$	12,869
Total securities held to maturity	$	—	$	6,550	$	5,253	$	1,066	$	12,869

Management evaluates securities for other-than-temporary impairment at least quarterly, and more frequently when economic and market conditions warrant such evaluations. Consideration is given to (1) the extent and length of time the fair value has been below cost; (2) the reasons for the decline in value; and (3) the Company’s intent to sell a security or whether it is more likely than not the Company will be required to sell the security before the recovery of its amortized cost, which may extend to maturity.

The Company performs a process to identify securities that could potentially have a credit impairment that is other-than-temporary. This process involves evaluating each security for impairment by monitoring credit performance, collateral type, collateral geography, bond credit support, loan-to-value ratios, credit scores, loss severity levels, pricing levels, downgrades by rating agencies, cash flow projections and other factors as indicators of potential credit issues. When the Company determines that a security is deemed other-than-temporarily impaired, an impairment loss is recognized.

As of June 30, 2018, 155 of the Company’s investment securities had unrealized losses totaling 2.4% of the individual securities’ amortized cost basis and 1.9% of the Company’s total amortized cost basis of the investment securities portfolio. At such date, 41 of the 155 securities had been in a continuous loss position for over 12 months. The 41 securities had an aggregate amortized cost basis of $58.0 million and an unrealized loss of $2.3 million at June 30, 2018. Management has the intent and ability to hold these securities until maturity, or until anticipated recovery; hence, no declines in these securities were deemed other-than-temporary at June 30, 2018.

As of June 30, 2018 and December 31, 2017, the Company had $157,479,000 and $121,984,000, respectively, of securities pledged to secure public deposits.

4. Earnings Per Share

Earnings per common share were computed based on the following:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands, except per share data)	2018		2017		2018		2017
Numerator:
Net income available to common shareholders	$	7,776	$	4,486	$	15,239	$	9,491
Denominator:
Weighted average common shares outstanding		9,048		6,972		9,030		6,954
Effect of dilutive securities:
Restricted stock		20		3		22		3
Stock options		231		259		232		264
Weighted average common shares outstanding – assuming dilution		9,299		7,234		9,284		7,221
Basic earnings per common share	$	0.86	$	0.64	$	1.69	$	1.36
Diluted earnings per common share	$	0.84	$	0.62	$	1.64	$	1.31

9

Options on 19,172 and 62,196 shares of common stock were not included in the computation of diluted earnings per share for the three months ended June 30, 2018 and June 30, 2017, respectively, because the effect of these shares was anti-dilutive. Options on 9,808 and 52,761 shares of common stock were not included in the computation of diluted earnings per share for the six months ended June 30, 2018 and June 30, 2017, respectively, because the effect of these shares was anti-dilutive.

5. Credit Quality and Allowance for Loan Losses

The following briefly describes the distinction between originated and Acquired Loans and certain significant accounting policies relevant to each category.

Originated Loans

Loans originated for investment are reported at the principal balance outstanding net of unearned income. Interest on loans and accretion of unearned income are computed in a manner that approximates a level yield on recorded principal. Interest on loans is recorded as income is earned. The accrual of interest on an originated loan is discontinued when it is probable the borrower will not be able to meet payment obligations as they become due. The Company maintains an allowance for loan losses on originated loans that represents management’s estimate of probable losses incurred in this portfolio category.

Acquired Loans

Loans that were acquired as a result of business combinations are referred to as “Acquired Loans.” Acquired Loans were recorded at estimated fair value at the acquisition date with no carryover of the related allowance for loan losses. The Acquired Loans were segregated between those considered to be performing (“acquired performing”) and those with evidence of credit deterioration (“acquired impaired”), and then further segregated into loan pools designed to facilitate the estimation of expected cash flows. The fair value estimate for each pool of acquired performing and acquired impaired loans was based on the estimate of expected cash flows, both principal and interest, from that pool, discounted at prevailing market interest rates.

The difference between the fair value of an acquired performing loan pool and the contractual amounts due at the acquisition date (the “fair value discount”) is accreted into income over the estimated life of the pool. Management estimates an allowance for loan losses for acquired performing loans using a methodology similar to that used for originated loans. The allowance determined for each loan pool is compared to the remaining fair value discount for that pool. If the allowance amount calculated under the Company’s methodology is greater than the Company’s remaining discount, the additional amount called for is added to the reported allowance through a provision for loan losses. If the allowance amount calculated under the Company’s methodology is less than the Company’s recorded discount, no additional allowance or provision is recognized. Actual losses first reduce any remaining nonaccretable discount for the loan pool. Once the nonaccretable discount is fully depleted, losses are applied against the allowance established for that pool. Acquired performing loans are placed on nonaccrual status and considered and reported as nonperforming or past due using the same criteria applied to the originated portfolio.

The excess of cash flows expected to be collected from an acquired impaired loan pool over the pool’s estimated fair value at acquisition is referred to as the accretable yield and is recognized in interest income using an effective yield method over the remaining life of the pool. Each pool of acquired impaired loans is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows.

Management recasts the estimate of cash flows expected to be collected on each acquired impaired loan pool periodically. If the present value of expected cash flows for a pool is less than its carrying value, an impairment is recognized by an increase in the allowance for loan losses and a charge to the provision for loan losses. If the present value of expected cash flows for a pool is greater than its carrying value, any previously established allowance for loan losses is reversed and any remaining difference increases the accretable yield, which will be taken into interest income over the remaining life of the loan pool. Acquired impaired loans are generally not subject to individual evaluation for impairment and are not reported with impaired loans, even if they would otherwise qualify for such treatment.

10

Allowance for Loan Losses

The allowance for loan losses and recorded investment in loans as of the dates indicated are as follows.

	As of June 30, 2018
	Originated Loans
(dollars in thousands)	Collectively Evaluated for Impairment		Individually Evaluated for Impairment		Acquired Loans		Total
Allowance for loan losses:
One- to four-family first mortgage	$	1,763	$	—	$	25	$	1,788
Home equity loans and lines		701		348		71		1,120
Commercial real estate		5,173		—		209		5,382
Construction and land		1,970		—		8		1,978
Multi-family residential		423		—		111		534
Commercial and industrial		2,614		346		575		3,535
Consumer		490		—		146		636
Total allowance for loan losses	$	13,134	$	694	$	1,145	$	14,973

	As of June 30, 2018
	Originated Loans
(dollars in thousands)	Collectively Evaluated for Impairment		Individually Evaluated for Impairment		Acquired Loans(1)		Total
Loans:
One- to four-family first mortgage	$	211,485	$	—	$	246,945	$	458,430
Home equity loans and lines		53,392		896		35,942		90,230
Commercial real estate		387,348		22		217,369		604,739
Construction and land		135,072		—		45,563		180,635
Multi-family residential		33,763		—		14,158		47,921
Commercial and industrial		126,380		946		57,690		185,016
Consumer		38,338		—		20,370		58,708
Total loans	$	985,778	$	1,864	$	638,037	$	1,625,679

	As of December 31, 2017
	Originated Loans
(dollars in thousands)	Collectively Evaluated for Impairment		Individually Evaluated for Impairment		Acquired Loans		Total
Allowance for loan losses:
One- to four-family first mortgage	$	1,574	$	—	$	89	$	1,663
Home equity loans and lines		676		348		78		1,102
Commercial real estate		4,766		—		140		4,906
Construction and land		1,742		—		7		1,749
Multi-family residential		355		—		—		355
Commercial and industrial		2,721		1,625		184		4,530
Consumer		496		—		6		502
Total allowance for loan losses	$	12,330	$	1,973	$	504	$	14,807

11

	As of December 31, 2017
	Originated Loans
(dollars in thousands)	Collectively Evaluated for Impairment		Individually Evaluated for Impairment		Acquired Loans(1)		Total
Loans:
One- to four-family first mortgage	$	199,199	$	—	$	278,012	$	477,211
Home equity loans and lines		53,349		925		40,171		94,445
Commercial real estate		369,740		22		241,596		611,358
Construction and land		124,963		—		52,300		177,263
Multi-family residential		30,540		—		20,438		50,978
Commercial and industrial		120,818		2,512		61,954		185,284
Consumer		39,854		—		21,402		61,256
Total loans	$	938,463	$	3,459	$	715,873	$	1,657,795

(1) $11.9 million and $14.2 million in Acquired Loans were deemed to be acquired impaired loans and were accounted for under ASC 310-30 at June 30, 2018 and December 31, 2017, respectively.

A summary of activity in the allowance for loan losses for the six months ended June 30, 2018 and June 30, 2017 follows.

	For the Six Months Ended June 30, 2018
(dollars in thousands)	Beginning Balance		Charge-offs			Recoveries		Provision			Ending Balance
Originated loans:
Allowance for loan losses:
One- to four-family first mortgage	$	1,574	$	—		$	—	$	189		$	1,763
Home equity loans and lines		1,024		—			3		23			1,049
Commercial real estate		4,766		—			—		407			5,173
Construction and land		1,742		—			—		228			1,970
Multi-family residential		355		—			—		68			423
Commercial and industrial		4,346		(1,500	)		152		(38	)		2,960
Consumer		496		(45	)		11		28			490
Total allowance for loan losses	$	14,303	$	(1,545	)		166	$	904		$	13,828
Acquired loans:
Allowance for loan losses:
One- to four-family first mortgage	$	89	$	—		$	—	$	(64	)	$	25
Home equity loans and lines		78		—			—		(7	)		71
Commercial real estate		140		—			—		69			209
Construction and land		7		—			—		1			8
Multi-family residential		—		—			—		111			111
Commercial and industrial		184		—			—		391			575
Consumer		6		—			—		140			146
Total allowance for loan losses	$	504	$	—		$	—	$	641		$	1,145
Total loans:
Allowance for loan losses:
One- to four-family first mortgage	$	1,663	$	—		$	—	$	125		$	1,788
Home equity loans and lines		1,102		—			3		15			1,120
Commercial real estate		4,906		—			—		476			5,382
Construction and land		1,749		—			—		229			1,978
Multi-family residential		355		—			—		179			534
Commercial and industrial		4,530		(1,500	)		152		353			3,535
Consumer		502		(45	)		11		168			636
Total allowance for loan losses	$	14,807	$	(1,545	)	$	166	$	1,545		$	14,973

12

	For the Six Months Ended June 30, 2017
(dollars in thousands)	Beginning Balance		Charge-offs			Recoveries		Provision			Ending Balance
Originated loans:
Allowance for loan losses:
One- to four-family first mortgage	$	1,436	$	—		$	—	$	67		$	1,503
Home equity loans and lines		654		(10	)		16		369			1,029
Commercial real estate		4,177		—			—		270			4,447
Construction and land		1,763		—			—		(223	)		1,540
Multi-family residential		361		—			—		12			373
Commercial and industrial		3,316		(58	)		113		(21	)		3,350
Consumer		513		(23	)		4		(9	)		485
Total allowance for loan losses	$	12,220	$	(91	)	$	133	$	465		$	12,727
Acquired loans:
Allowance for loan losses:
One- to four-family first mortgage	$	75	$	—		$	—	$	(16	)	$	59
Home equity loans and lines		74		—			—		(12	)		62
Commercial real estate		—		—			—		—			—
Construction and land		19		—			—		(12	)		7
Multi-family residential		—		—			—		—			—
Commercial and industrial		123		—			—		30			153
Consumer		—		—			—		2			2
Total allowance for loan losses	$	291	$	—		$	—	$	(8	)	$	283
Total loans:
Allowance for loan losses:
One- to four-family first mortgage	$	1,511	$	—		$	—	$	51		$	1,562
Home equity loans and lines		728		(10	)		16		357			1,091
Commercial real estate		4,177		—			—		270			4,447
Construction and land		1,782		—			—		(235	)		1,547
Multi-family residential		361		—			—		12			373
Commercial and industrial		3,439		(58	)		113		9			3,503
Consumer		513		(23	)		4		(7	)		487
Total allowance for loan losses	$	12,511	$	(91	)	$	133	$	457		$	13,010

Credit Quality

The following tables present the Company’s loan portfolio by credit quality classification as of the dates indicated.

	June 30, 2018
(dollars in thousands)	Pass		Special Mention		Substandard		Doubtful		Total
Originated loans:
One- to four-family first mortgage	$	206,903	$	1,625	$	2,957	$	—	$	211,485
Home equity loans and lines		52,549		—		1,739		—		54,288
Commercial real estate		374,122		4,590		8,658		—		387,370
Construction and land		132,756		1,136		1,180		—		135,072
Multi-family residential		33,763		—		—		—		33,763
Commercial and industrial		113,521		6,730		7,075		—		127,326
Consumer		38,033		144		161		—		38,338
Total originated loans	$	951,647	$	14,225	$	21,770	$	—	$	987,642

13

Acquired loans:
One- to four-family first mortgage	$	239,509	$	1,746	$	5,690	$	—	$	246,945
Home equity loans and lines		35,438		322		182		—		35,942
Commercial real estate		196,435		10,868		10,066		—		217,369
Construction and land		43,569		1,386		608		—		45,563
Multi-family residential		13,300		598		260		—		14,158
Commercial and industrial		53,194		1,989		2,507		—		57,690
Consumer		19,773		312		285		—		20,370
Total acquired loans	$	601,218	$	17,221	$	19,598	$	—	$	638,037
Total loans:
One- to four-family first mortgage	$	446,412	$	3,371	$	8,647	$	—	$	458,430
Home equity loans and lines		87,987		322		1,921		—		90,230
Commercial real estate		570,557		15,458		18,724		—		604,739
Construction and land		176,325		2,522		1,788		—		180,635
Multi-family residential		47,063		598		260		—		47,921
Commercial and industrial		166,715		8,719		9,582		—		185,016
Consumer		57,806		456		446		—		58,708
Total loans	$	1,552,865	$	31,446	$	41,368	$	—	$	1,625,679
	December 31, 2017
(dollars in thousands)	Pass		Special Mention		Substandard		Doubtful		Total
Originated loans:
One- to four-family first mortgage	$	196,203	$	990	$	2,006	$	—	$	199,199
Home equity loans and lines		52,492		283		1,499		—		54,274
Commercial real estate		356,020		5,080		8,662		—		369,762
Construction and land		122,076		2,043		844		—		124,963
Multi-family residential		30,540		—		—		—		30,540
Commercial and industrial		105,097		4,640		13,593		—		123,330
Consumer		39,335		120		399		—		39,854
Total originated loans	$	901,763	$	13,156	$	27,003	$	—	$	941,922
Acquired loans:
One- to four-family first mortgage	$	269,144	$	2,825	$	6,043	$	—	$	278,012
Home equity loans and lines		39,603		307		261		—		40,171
Commercial real estate		218,234		12,522		10,840		—		241,596
Construction and land		48,748		3,056		496		—		52,300
Multi-family residential		19,644		636		158		—		20,438
Commercial and industrial		56,635		2,998		2,321		—		61,954
Consumer		21,172		69		161		—		21,402
Total acquired loans	$	673,180	$	22,413	$	20,280	$	—	$	715,873
Total loans:
One- to four-family first mortgage	$	465,347	$	3,815	$	8,049	$	—	$	477,211
Home equity loans and lines		92,095		590		1,760		—		94,445
Commercial real estate		574,254		17,602		19,502		—		611,358
Construction and land		170,824		5,099		1,340		—		177,263
Multi-family residential		50,184		636		158		—		50,978
Commercial and industrial		161,732		7,638		15,914		—		185,284
Consumer		60,507		189		560		—		61,256
Total loans	$	1,574,943	$	35,569	$	47,283	$	—	$	1,657,795

14

The above classifications follow regulatory guidelines and can generally be described as follows:

• Pass loans are of satisfactory quality.

• Special mention loans have an existing weakness that could cause future impairment, including the deterioration of financial ratios, past due status, questionable management capabilities and possible reduction in the collateral values.

• Substandard loans have an existing specific and well-defined weakness that may include poor liquidity and deterioration of financial performance. Such loans may be past due and related deposit accounts experiencing overdrafts. Immediate corrective action is necessary.

• Doubtful loans have specific weaknesses that are severe enough to make collection or liquidation in full highly questionable and improbable.

In addition, residential loans are classified using an inter-agency regulatory methodology that incorporates, among other factors, the extent of delinquencies and loan-to-value ratios. These classifications were the most current available as of the dates indicated and were generally updated within the quarter.

Age analysis of past due loans as of the dates indicated are as follows.

	June 30, 2018
(dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days Past Due		Total Past Due		Current Loans		Total Loans
Originated loans:
Real estate loans:
One- to four-family first mortgage	$	1,790	$	377	$	561	$	2,728	$	208,757	$	211,485
Home equity loans and lines		116		46		69		231		54,057		54,288
Commercial real estate		765		167		142		1,074		386,296		387,370
Construction and land		467		35		—		502		134,570		135,072
Multi-family residential		—		—		—		—		33,763		33,763
Total real estate loans		3,138		625		772		4,535		817,443		821,978
Other loans:
Commercial and industrial		144		124		257		525		126,801		127,326
Consumer		160		35		63		258		38,080		38,338
Total other loans		304		159		320		783		164,881		165,664
Total originated loans	$	3,442	$	784	$	1,092	$	5,318	$	982,324	$	987,642
Acquired loans:
Real estate loans:
One- to four-family first mortgage	$	4,101	$	837	$	2,958	$	7,896	$	239,049	$	246,945
Home equity loans and lines		145		101		76		322		35,620		35,942
Commercial real estate		751		765		1,092		2,608		214,761		217,369
Construction and land		659		12		363		1,034		44,529		45,563
Multi-family residential		—		—		—		—		14,158		14,158
Total real estate loans		5,656		1,715		4,489		11,860		548,117		559,977
Other loans:
Commercial and industrial		79		257		747		1,083		56,607		57,690
Consumer		472		63		165		700		19,670		20,370
Total other loans		551		320		912		1,783		76,277		78,060
Total acquired loans	$	6,207	$	2,035	$	5,401	$	13,643	$	624,394	$	638,037

15

Total loans:
Real estate loans:
One- to four-family first mortgage	$	5,891	$	1,214	$	3,519	$	10,624	$	447,806	$	458,430
Home equity loans and lines		261		147		145		553		89,677		90,230
Commercial real estate		1,516		932		1,234		3,682		601,057		604,739
Construction and land		1,126		47		363		1,536		179,099		180,635
Multi-family residential		—		—		—		—		47,921		47,921
Total real estate loans		8,794		2,340		5,261		16,395		1,365,560		1,381,955
Other loans:
Commercial and industrial		223		381		1,004		1,608		183,408		185,016
Consumer		632		98		228		958		57,750		58,708
Total other loans		855		479		1,232		2,566		241,158		243,724
Total loans	$	9,649	$	2,819	$	6,493	$	18,961	$	1,606,718	$	1,625,679

	December 31, 2017
(dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days Past Due		Total Past Due		Current Loans		Total Loans
Originated loans:
Real estate loans:
One- to four-family first mortgage	$	837	$	131	$	44	$	1,012	$	198,187	$	199,199
Home equity loans and lines		1,018		—		26		1,044		53,230		54,274
Commercial real estate		670		—		—		670		369,092		369,762
Construction and land		744		—		200		944		124,019		124,963
Multi-family residential		—		—		—		—		30,540		30,540
Total real estate loans		3,269		131		270		3,670		775,068		778,738
Other loans:
Commercial and industrial		882		825		1,641		3,348		119,982		123,330
Consumer		380		9		278		667		39,187		39,854
Total other loans		1,262		834		1,919		4,015		159,169		163,184
Total originated loans	$	4,531	$	965	$	2,189	$	7,685	$	934,237	$	941,922
Acquired loans:
Real estate loans:
One- to four-family first mortgage	$	3,867	$	2,087	$	2,816	$	8,770	$	269,242	$	278,012
Home equity loans and lines		137		61		46		244		39,927		40,171
Commercial real estate		5,071		436		1,864		7,371		234,225		241,596
Construction and land		2,089		159		239		2,487		49,813		52,300
Multi-family residential		—		—		—		—		20,438		20,438
Total real estate loans		11,164		2,743		4,965		18,872		613,645		632,517
Other loans:
Commercial and industrial		809		678		185		1,672		60,282		61,954
Consumer		329		152		95		576		20,826		21,402
Total other loans		1,138		830		280		2,248		81,108		83,356
Total acquired loans	$	12,302	$	3,573	$	5,245	$	21,120	$	694,753	$	715,873

16

Total loans:
Real estate loans:
One- to four-family first mortgage	$	4,704	$	2,218	$	2,860	$	9,782	$	467,429	$	477,211
Home equity loans and lines		1,155		61		72		1,288		93,157		94,445
Commercial real estate		5,741		436		1,864		8,041		603,317		611,358
Construction and land		2,833		159		439		3,431		173,832		177,263
Multi-family residential		—		—		—		—		50,978		50,978
Total real estate loans		14,433		2,874		5,235		22,542		1,388,713		1,411,255
Other loans:
Commercial and industrial		1,691		1,503		1,826		5,020		180,264		185,284
Consumer		709		161		373		1,243		60,013		61,256
Total other loans		2,400		1,664		2,199		6,263		240,277		246,540
Total loans	$	16,833	$	4,538	$	7,434	$	28,805	$	1,628,990	$	1,657,795

Excluding Acquired Loans with deteriorated credit quality, the Company did not have any loans greater than 90 days past due and accruing as of June 30, 2018 or December 31, 2017.

The following table summarizes the accretable yield on loans accounted for under ASC 310-30 as of the dates indicated.

	For the Six Months Ended
(dollars in thousands)	June 30, 2018			June 30, 2017
Balance at beginning of period	$	(9,303	)	$	(11,091	)
Accretion		1,222			1,746
Transfers from nonaccretable difference to accretable yield		(1,880	)		(1,538	)
Balance at end of period	$	(9,961	)	$	(10,883	)

The following table summarizes information pertaining to Originated Loans, which were deemed impaired loans as of the dates indicated.

	For the Period Ended June 30, 2018
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
One- to four-family first mortgage	$	—	$	—	$	—	$	—	$	—
Home equity loans and lines		455		476		—		461		—
Commercial real estate		22		23		—		22		—
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		413		607		—		357		—
Consumer		—		—		—		—		—
Total	$	890	$	1,106	$	—	$	840	$	—
With an allowance recorded:
One- to four-family first mortgage	$	—	$	—	$	—	$	—	$	—
Home equity loans and lines		441		460		348		446		—
Commercial real estate		—		—		—		—		—
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		533		554		346		1,161		1
Consumer		—		—		—		—		—
Total	$	974	$	1,014	$	694	$	1,607	$	1

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Total impaired loans:
One- to four-family first mortgage	$	—	$	—	$	—	$	—	$	—
Home equity loans and lines		896		936		348		907		—
Commercial real estate		22		23		—		22		—
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		946		1,161		346		1,518		1
Consumer		—		—		—		—		—
Total	$	1,864	$	2,120	$	694	$	2,447	$	1
	For the Period Ended December 31, 2017
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
One- to four-family first mortgage	$	—	$	—	$	—	$	—	$	—
Home equity loans and lines		470		476		—		395		1
Commercial real estate		22		32		—		19		—
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		428		434		—		2,849		2
Consumer		—		—		—		—		—
Total	$	920	$	942	$	—	$	3,263	$	3
With an allowance recorded:
One- to four-family first mortgage	$	—	$	—	$	—	$	42	$	—
Home equity loans and lines		455		461		348		383		1
Commercial real estate		—		—		—		296		—
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		2,084		2,157		1,625		1,985		52
Consumer		—		—		—		—		—
Total	$	2,539	$	2,618	$	1,973	$	2,706	$	53
Total impaired loans:
One- to four-family first mortgage	$	—	$	—	$	—	$	42	$	—
Home equity loans and lines		925		937		348		778		2
Commercial real estate		22		32		—		315		—
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		2,512		2,591		1,625		4,834		54
Consumer		—		—		—		—		—
Total	$	3,459	$	3,560	$	1,973	$	5,969	$	56

	For the Period Ended June 30, 2017
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
One- to four-family first mortgage	$	—	$	—	$	—	$	—	$	—
Home equity loans and lines		476		476		—		317		12
Commercial real estate		22		23		—		15		1
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		3,203		3,336		—		3,359		95
Consumer		—		—		—		—		—
Total	$	3,701	$	3,835	$	—	$	3,691	$	108

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With an allowance recorded:
One- to four-family first mortgage	$	—	$	—	$	—	$	83	$	—
Home equity loans and lines		461		461		348		307		11
Commercial real estate		435		470		6		448		10
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		2,083		2,170		934		1,967		56
Consumer		—		—		—		—		—
Total	$	2,979	$	3,101	$	1,288	$	2,805	$	77
Total impaired loans:
One- to four-family first mortgage	$	—	$	—	$	—	$	83	$	—
Home equity loans and lines		937		937		348		624		23
Commercial real estate		457		493		6		463		11
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		5,286		5,506		934		5,326		151
Consumer		—		—		—		—		—
Total	$	6,680	$	6,936	$	1,288	$	6,496	$	185

The following table summarizes information pertaining to nonaccrual loans as of dates indicated.

	June 30, 2018						December 31, 2017
(dollars in thousands)	Originated		Acquired(1)		Total		Originated		Acquired(1)		Total
Nonaccrual loans:
One- to four-family first mortgage	$	2,957	$	1,544	$	4,501	$	2,006	$	1,167	$	3,173
Home equity loans and lines		1,678		157		1,835		1,434		108		1,542
Commercial real estate		8,659		463		9,122		8,662		95		8,757
Construction and land		6		379		385		200		249		449
Multi-family residential		—		—		—		—		—		—
Commercial and industrial		5,087		883		5,970		9,678		932		10,610
Consumer		161		270		431		399		103		502
Total	$	18,548	$	3,696	$	22,244	$	22,379	$	2,654	$	25,033

⁽¹⁾ Table excludes Acquired Loans which were being accounted for under ASC 310-30 because they continue to earn interest from accretable yield regardless of their status as past due or otherwise not in compliance with their contractual terms. Acquired Loans with deteriorated credit quality, which were being accounting for under ASC 310-30 and which were 90 days or more past due totaled $2.7 million and $4.3 million as of June 30, 2018 and December 31, 2017, respectively.

As of June 30, 2018, the Company had no outstanding commitments to lend additional funds to any customer whose loan was classified as impaired.

Troubled Debt Restructurings

During the course of its lending operations, the Company periodically grants concessions to its customers in an attempt to protect as much of its investment as possible and to minimize risk of loss. These concessions may include restructuring the terms of a customer loan to alleviate the burden of the customer’s near-term cash requirements. Loans are considered troubled debt restructurings (“TDR”) when the Company agrees to restructure a loan to a borrower who is experiencing financial difficulties in a manner that is deemed to be a “concession”. The Company defines a concession as a modification of existing terms granted to a borrower for economic or legal reasons related to the borrower’s financial difficulties that the Company would otherwise not consider. The concession either is granted through an agreement with the customer or is imposed by a court or by law. Concessions include modifying original loan terms to reduce or defer cash payments required as part of the loan agreement, including but not limited to:

• a reduction of the stated interest rate for the remaining original life of the debt,

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• an extension of the maturity date or dates at an interest rate lower than the current market rate for new debt with similar risk characteristics,

• a reduction of the face amount or maturity amount of the debt, or

• a reduction of accrued interest receivable on the debt.

In its determination of whether the customer is experiencing financial difficulties, the Company considers numerous indicators, including, but not limited to:

• whether the customer is currently in default on its existing loan, or is in an economic position where it is probable the customer will be in default on its loan in the foreseeable future without a modification,

• whether the customer has declared or is in the process of declaring bankruptcy,

• whether there is substantial doubt about the customer’s ability to continue as a going concern,

• whether, based on its projections of the customer’s current capabilities, the Company believes the customer’s future cash flows will be insufficient to service the debt, including interest, in accordance with the contractual terms of the existing agreement for the foreseeable future, and

• whether, without modification, the customer cannot obtain sufficient funds from other sources at an effective interest rate equal to the current market rate for similar debt for a non-troubled debtor.

If the Company concludes that both a concession has been granted and the concession was granted to a customer experiencing financial difficulties, the Company identifies the loan as a TDR. For purposes of the determination of an allowance for loan losses on TDRs, such loans are reviewed for specific impairment in accordance with the Company’s allowance for loan loss methodology. If it is determined that losses are probable on such TDRs, either because of delinquency or other credit quality indicators, the Company specifically allocates a portion of the allowance for loan losses to these loans.

Information about the Company’s TDRs is presented in the following tables.

	As of June 30, 2018
(dollars in thousands)	Current		Past Due Greater Than 30 Days		Nonaccrual TDRs		Total TDRs
Originated loans:
Real estate loans:
One- to four-family first mortgage	$	221	$	—	$	1,867	$	2,088
Home equity loans and lines		—		61		556		617
Commercial real estate		119		—		7,342		7,461
Construction and land		153		—		—		153
Multi-family residential		—		—		—		—
Total real estate loans		493		61		9,765		10,319
Other loans:
Commercial and industrial		2,163		—		578		2,741
Consumer		—		—		98		98
Total other loans		2,163		—		676		2,839
Total loans	$	2,656	$	61	$	10,441	$	13,158
Acquired loans:
Real estate loans:
One- to four-family first mortgage	$	208	$	—	$	54	$	262
Home equity loans and lines		—		—		70		70
Commercial real estate		—		761		—		761
Construction and land		—		—		—		—
Multi-family residential		—		—		—		—
Total real estate loans		208		761		124		1,093
Other loans:
Commercial and industrial		77		—		824		901
Consumer		8		—		—		8
Total other loans		85		—		824		909
Total loans	$	293	$	761	$	948	$	2,002

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Total loans:
Real estate loans:
One- to four-family first mortgage	$	429	$	—	$	1,921	$	2,350
Home equity loans and lines		—		61		626		687
Commercial real estate		119		761		7,342		8,222
Construction and land		153		—		—		153
Multi-family residential		—		—		—		—
Total real estate loans		701		822		9,889		11,412
Other loans:
Commercial and industrial		2,240		—		1,402		3,642
Consumer		8		—		98		106
Total other loans		2,248		—		1,500		3,748
Total loans	$	2,949	$	822	$	11,389	$	15,160
	As of December 31, 2017
(dollars in thousands)	Current		Past Due Greater Than 30 Days		Nonaccrual TDRs		Total TDRs
Originated loans:
Real estate loans:
One- to four-family first mortgage	$	306	$	274	$	473	$	1,053
Home equity loans and lines		275		64		316		655
Commercial real estate		96		332		1,942		2,370
Construction and land		169		—		—		169
Multi-family residential		—		—		—		—
Total real estate loans		846		670		2,731		4,247
Other loans:
Commercial and industrial		—		—		4,581		4,581
Consumer		—		—		178		178
Total other loans		—		—		4,759		4,759
Total loans	$	846	$	670	$	7,490	$	9,006
Acquired loans:
Real estate loans:
One- to four-family first mortgage	$	214	$	3	$	59	$	276
Home equity loans and lines		—		—		91		91
Commercial real estate		—		803		—		803
Construction and land		—		—		—		—
Multi-family residential		—		—		—		—
Total real estate loans		214		806		150		1,170
Other loans:
Commercial and industrial		—		—		203		203
Consumer		—		—		—		—
Total other loans		—		—		203		203
Total loans	$	214	$	806	$	353	$	1,373

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Total loans:
Real estate loans:
One- to four-family first mortgage	$	520	$	277	$	532	$	1,329
Home equity loans and lines		275		64		407		746
Commercial real estate		96		1,135		1,942		3,173
Construction and land		169		—		—		169
Multi-family residential		—		—		—		—
Total real estate loans		1,060		1,476		2,881		5,417
Other loans:
Commercial and industrial		—		—		4,784		4,784
Consumer		—		—		178		178
Total other loans		—		—		4,962		4,962
Total loans	$	1,060	$	1,476	$	7,843	$	10,379

The following table summarizes information pertaining to loans modified as of the periods indicated.

	For the Six Months Ended June 30,
	2018						2017
(dollars in thousands)	Number of Contracts		Pre- modification Outstanding Recorded Investment		Post- modification Outstanding Recorded Investment		Number of Contracts		Pre- modification Outstanding Recorded Investment		Post- modification Outstanding Recorded Investment
Troubled debt restructurings:
One- to four-family first mortgage		2	$	1,146	$	1,146		5	$	275	$	272
Home equity loans and lines		—		—		—		1		15		14
Commercial real estate		2		6,461		5,950		1		448		448
Construction and land		—		—		—		—		—		—
Multi-family residential		—		—		—		—		—		—
Commercial and industrial		2		775		713		1		1,461		1,169
Other consumer		1		8		8		2		60		57
Total		7	$	8,390	$	7,817		10	$	2,259	$	1,960

None of the performing troubled debt restructurings as of June 30, 2018 had defaulted subsequent to the restructuring through the date the financial statements were available to be issued.

6. Fair Value Measurements and Disclosures

The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The Company groups assets and liabilities measured or disclosed at fair value in three levels as required by ASC 820, Fair Value Measurements and Disclosures. Under this guidance, fair value should be based on the assumptions market participants would use when pricing the asset or liability and establishes a fair value hierarchy that prioritizes the inputs used to develop those assumptions and measure fair value. The hierarchy requires companies to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels used to measure fair value are as follows:

• Level 1 – Quoted prices in active markets for identical assets or liabilities.

• Level 2 – Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

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• Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

An asset’s or liability’s categorization within the fair value hierarchy is based upon the lowest level that is significant to the fair value measurement. Management reviews and updates the fair value hierarchy classifications of the Company’s assets and liabilities quarterly.

Recurring Basis

Investment Securities Available for Sale

Fair values of investment securities available for sale are primarily measured using information from a third-party pricing service. This pricing service provides pricing information by utilizing pricing models supported with market data information. Standard inputs include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, benchmark securities bids, offers and other reference data from market research publications. If quoted prices are available in an active market, investment securities are classified as Level 1 measurements. If quoted prices are not available in an active market, fair values are estimated primarily by the use of pricing models. Level 2 investment securities are primarily comprised of mortgage-backed securities issued by government agencies and U.S. government-sponsored enterprises. In certain cases, where there is limited or less transparent information provided by the Company’s third-party pricing service, fair value is estimated by the use of secondary pricing services or through the use of non-binding third-party broker quotes. Investment securities are classified within Level 3 when little or no market activity supports the fair value.

Management primarily identifies investment securities, which may have traded in illiquid or inactive markets, by identifying instances of a significant decrease in the volume and frequency of trades, relative to historical levels, as well as instances of a significant widening of the bid-ask spread in the brokered markets. Investment securities that are deemed to have been trading in illiquid or inactive markets may require the use of significant unobservable inputs. For example, management may use quoted prices for similar investment securities in the absence of a liquid and active market for the investment securities being valued. As of June 30, 2018, management did not make adjustments to prices provided by the third-party pricing service as a result of illiquid or inactive markets.

The following tables present the balances of assets measured for fair value on a recurring basis as of June 30, 2018 and December 31, 2017.

(dollars in thousands)	June 30, 2018		Level 1		Level 2		Level 3
Available for sale securities:
U.S. agency mortgage-backed	$	84,777	$	—	$	84,777	$	—
Collateralized mortgage obligations		146,564		—		146,564		—
Municipal bonds		22,441		—		22,441		—
U.S. government agency		10,477		—		10,477		—
Total	$	264,259	$	—	$	264,259	$	—

(dollars in thousands)	December 31, 2017		Level 1		Level 2		Level 3
Available for sale securities:
U.S. agency mortgage-backed	$	87,758	$	—	$	87,758	$	—
Collateralized mortgage obligations		113,735		—		113,735		—
Municipal bonds		25,521		—		25,521		—
U.S. government agency		7,980		—		7,980		—
Total	$	234,994	$	—	$	234,994	$	—

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The Company did not record any liabilities at fair value for which measurement of the fair value was made on a recurring basis.

Nonrecurring Basis

In accordance with the provisions of ASC 310, Receivables, the Company records loans considered impaired at fair value. A loan is considered impaired if it is probable the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Fair value is measured at the fair value of the collateral for collateral-dependent loans. For non-collateral-dependent loans, fair value is measured by present valuing expected future cash flows. Impaired loans are classified as Level 3 assets when measured using appraisals from external parties of the collateral less any prior liens and when there is no observable market price. Repossessed assets are initially recorded at fair value less estimated costs to sell. The fair value of repossessed assets is based on property appraisals and an analysis of similar properties available. As such, the Company classifies repossessed assets as Level 3 assets.

The Company has segregated all financial assets that are measured at fair value on a nonrecurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date in the table below.

			Fair Value Measurements Using
(dollars in thousands)	June 30, 2018		Level 1		Level 2		Level 3
Assets
Impaired loans	$	1,170	$	—	$	—	$	1,170
Repossessed assets		492		—		—		492
Total	$	1,662	$	—	$	—	$	1,662

			Fair Value Measurements Using
(dollars in thousands)	December 31, 2017		Level 1		Level 2		Level 3
Assets
Impaired loans	$	1,486	$	—	$	—	$	1,486
Repossessed assets		728		—		—		728
Total	$	2,214	$	—	$	—	$	2,214

The following table shows significant observable inputs used in the fair value measurement of Level 3 assets.

(dollars in thousands)	Fair Value		Valuation Technique	Unobservable Inputs	Range of Discounts		Weighted Average Discount
As of June 30, 2018:
Impaired loans	$	1,170	Third party appraisals and discounted cash flows	Collateral discounts and discount rates		0% - 93%		34	%
Repossessed assets	$	492	Third party appraisals, sales contracts, broker price opinions	Collateral discounts and estimated costs to sell		6% - 100%		45	%

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(dollars in thousands)	Fair Value		Valuation Technique	Unobservable Inputs	Range of Discounts		Weighted Average Discount
As of December 31, 2017:
Impaired loans	$	1,486	Third party appraisals and discounted cash flows	Collateral discounts and discount rates		0% - 100%		57	%
Repossessed assets	$	728	Third party appraisals, sales contracts, broker price opinions	Collateral discounts and estimated costs to sell		6% - 100%		28	%

ASC 820, Fair Value Measurements and Disclosures, requires the disclosure of each class of financial instruments for which it is practicable to estimate. The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. ASC 820 excludes certain financial instruments and all non-financial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company.

Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial statements. These estimates are subjective in nature, involve uncertainties and matters of significant judgment, and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

Fair value estimates included herein are based on existing on- and off-balance-sheet financial instruments without attempting to estimate the value of anticipated future business and the fair value of assets and liabilities that are not required to be recorded or disclosed at fair value like premises and equipment. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates.

The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value:

The carrying value of cash and cash equivalents and interest-bearing deposits in banks approximate their fair value.

The fair value for investment securities is determined from quoted market prices when available. If a quoted market price is not available, fair value is estimated using first party pricing services or quoted market prices of securities with similar characteristics.

The carrying value of mortgage loans held for sale approximates their fair value.

The fair value of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturity.

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The cash surrender value of bank-owned life insurance (“BOLI”) approximates its fair value.

The fair value of customer deposits, excluding certificates of deposit, is the amount payable on demand. The fair value of fixed-maturity certificates of deposit is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities.

The fair value of short-term FHLB advances is the amount payable at maturity. The fair value of long-term FHLB advances is estimated by discounting the future cash flows using the rates currently offered for advances of similar maturities.

The following table presents estimated fair values of the Company’s financial instruments as of the dates indicated.

			Fair Value Measurements at June 30, 2018
	Carrying
(dollars in thousands)	Amount		Total		Level 1		Level 2		Level 3
Financial Assets
Cash and cash equivalents	$	80,489	$	80,489	$	80,489	$	—	$	—
Interest-bearing deposits in banks		1,429		1,429		1,429		—		—
Investment securities available for sale		264,259		264,259		—		264,259		—
Investment securities held to maturity		12,869		12,850		—		12,850		—
Mortgage loans held for sale		9,711		9,711		—		9,711		—
Loans, net		1,610,706		1,597,731		—		1,596,561		1,170
Cash surrender value of BOLI		29,228		29,228		29,228		—		—
Financial Liabilities
Deposits	$	1,788,545	$	1,785,630	$	—	$	1,785,630	$	—
Short-term FHLB advances		3,578		3,578		3,578		—		—
Long-term FHLB advances		66,396		65,272		—		65,272		—

			Fair Value Measurements at December 31, 2017
	Carrying
(dollars in thousands)	Amount		Total		Level 1		Level 2		Level 3
Financial Assets
Cash and cash equivalents	$	150,418	$	150,418	$	150,418	$	—	$	—
Interest-bearing deposits in banks		2,421		2,421		2,421		—		—
Investment securities available for sale		234,993		234,993		—		234,993		—
Investment securities held to maturity		13,034		13,055		—		13,055		—
Mortgage loans held for sale		5,873		5,873		—		5,873		—
Loans, net		1,642,987		1,642,634		—		1,641,148		1,486
Cash surrender value of BOLI		28,904		28,904		28,904		—		—
Financial Liabilities
Deposits	$	1,866,227	$	1,864,735	$	—	$	1,864,735	$	—
Short-term FHLB advances		3,642		3,642		3,642		—		—
Long-term FHLB advances		68,183		67,143		—		67,143		—

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The purpose of this discussion and analysis is to focus on significant changes in the financial condition of Home Bancorp, Inc. (the “Company”) and its wholly owned subsidiary, Home Bank, N. A. (the “Bank”), from December 31, 2017 through June 30, 2018 and on its results of operations for the three and six months ended June 30, 2018 and June 30, 2017. This discussion and analysis is intended to highlight and supplement information presented elsewhere in this quarterly report on Form 10-Q, particularly the consolidated financial statements and related notes appearing in Item 1.

Forward-Looking Statements

To the extent that statements in this Form 10-Q relate to future plans, objectives, financial results or performance of the Company or Bank, these statements are deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements, which are based on management’s current information, estimates and assumptions and the current economic environment, are generally identified by the use of words such as “plan”, “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions, or by future or conditional terms such as “will”, “would”, “should”, “could”, “may”, “likely”, “probably”, or “possibly”. The Company’s or the Bank’s actual strategies and results in future periods may differ materially from those currently expected due to various risks and uncertainties. Factors that may cause actual results to differ materially from these forward-looking statements include, but are not limited to, the risk factors described under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the Securities Exchange Commission (“SEC”) for the year ended December 31, 2017. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.

EXECUTIVE OVERVIEW

During the second quarter of 2018, the Company earned $7.8 million, an increase of $3.3 million, or 73.3%, compared to the second quarter of 2017. Diluted earnings per share for the second quarter of 2018 were $0.84, an increase of $0.22, or 35.5%, compared to the second quarter of 2017. The second quarter of 2018 includes merger expenses related to the acquisition of St. Martin Bancshares, Inc. (“SMB”) totaling $894,000, net of taxes. The second quarter of 2017 includes a net loss of $416,000 on the sale of assets, net of taxes, due primarily from the write down of a closed banking center.

During the six months ended June 30, 2018, the Company earned $15.2 million, an increase of $5.7 million, or 60.6%, compared to the six months ended June 30, 2017. Diluted earnings per share for the six months ended June 30, 2018 were $1.64, an increase of $0.33, or 25.2%, compared to the six months ended June 30, 2017. The six months ended June 30, 2018 includes merger expenses related to the acquisition of SMB totaling $1.6 million, net of taxes, and the banking center write down noted above.

Key components of the Company’s performance during the three and six months ended June 30, 2018 include:

• Assets totaled $2.2 billion as of June 30, 2018, a decrease of $68.1 million, or 3.1%, from December 31, 2017.

• Loans as of June 30, 2018 were $1.6 billion, a decrease of $32.1 million, or 1.9%, from December 31, 2017.

• Investment securities totaled $277.1 million as of June 30, 2018, an increase of $29.1 million, or 11.7%, from December 31, 2017.

• Deposits totaled $1.8 billion as of June 30, 2018, a decrease of $77.7 million, or 4.2%, from December 31, 2017.

• Interest income increased $8.2 million, or 47.0%, in the second quarter of 2018 compared to the second quarter of 2017. For the six months ended June 30, 2018, interest income increased $15.5 million, or 44.7%, compared to the six months ended June 30, 2017. The increases in 2018 were driven primarily by the addition of the interest-earning assets acquired from SMB.

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• Interest expense increased $737,000, or 49.1%, in the second quarter of 2018 compared to the second quarter of 2017. For the six months ended June 30, 2018, interest expense increased $1.6 million, or 54.0%, compared to the six months ended June 30, 2017. The increase in 2018 was primarily the result of the addition of the interest-bearing liabilities acquired from SMB.

• The provision for loan losses totaled $581,000 for the second quarter of 2018, an increase of $431,000, or 287.1%, compared to the second quarter of 2017. At June 30, 2018, the Company’s ratio of the allowance for loan losses to total loans was 0.92%, compared to 1.07% at June 30, 2017. Excluding Acquired Loans, the ratio of the allowance for loan losses to total loans was 1.40% at both June 30, 2018 and June 30, 2017. The Company recorded $1.4 million in net loan charge-offs for the first six months of 2018, compared to net loan recoveries of $42,000 for the first six months of 2017.

• Noninterest income for the second quarter of 2018 increased $1.2 million, or 54.5%, compared to the second quarter of 2017. For the six months ended June 30, 2018, noninterest income increased $1.8 million, or 36.8%, compared to the six months ended June 30, 2017. The second quarter of 2017 includes a $449,000 (pre-tax) write down on a closed banking center in Vicksburg, Mississippi. The increase for the comparative quarters resulted primarily from additional service fees and charges and bank card fees due to the SMB acquisition (up $529,000 and $429,000, respectively) and the absence of a net loss on the sale of assets totaling $460,000 (pre-tax) primarily due to the write down of a closed banking center, which were partially offset by decreases in other income (down $154,000 due to lower recoveries on acquired assets) and gains on the sale of mortgage loans (down $127,000). The increase in the six month comparative periods resulted primarily from additional service fees and charges and bank card fees due to the SMB acquisition (up $1.2 million and $845,000, respectively), which were partially offset by decreases in gains on the sale of mortgage loans (down $208,000).

• Noninterest expense for the second quarter of 2018 increased $5.3 million, or 47.7%, compared to the second quarter of 2017. Noninterest expense for the six months ended June 30, 2018 increased $9.8 million, or 44.5%, compared to the six months ended June 30, 2017. Noninterest expense includes merger-related expenses, which totaled $1.1 million (pre-tax) for the three months ended June 30, 2018 and $2.0 million (pre-tax) for the six months ended June 30, 2018. The increases in noninterest expense related primarily to the growth of the Company’s employee base, higher occupancy and data processing costs due to the SMB acquisition.

FINANCIAL CONDITION

Loans, Asset Quality and Allowance for Loan Losses

Loans – Loans outstanding as of June 30, 2018 were $1.6 billion, a decrease of $32.1 million from December 31, 2017. Growth in originated loans of 4.9% (9.8% annualized) during the first six months of 2018 was offset by reductions in Acquired Loan balances.

The following table summarizes the composition of the Company’s loan portfolio as of the dates indicated.

	June 30,		December 31,		Increase/(Decrease)
(dollars in thousands)	2018		2017		Amount			Percent
Real estate loans:
One- to four-family first mortgage	$	458,430	$	477,211	$	(18,781	)		(3.9	)%
Home equity loans and lines		90,230		94,445		(4,215	)		(4.5	)
Commercial real estate		604,739		611,358		(6,619	)		(1.1	)
Construction and land		180,635		177,263		3,372			1.9
Multi-family residential		47,921		50,978		(3,057	)		(6.0	)
Total real estate loans		1,381,955		1,411,255		(29,300	)		(2.1	)
Other loans:
Commercial and industrial		185,016		185,284		(268	)		(0.1	)
Consumer		58,708		61,256		(2,548	)		(4.2	)
Total other loans		243,724		246,540		(2,816	)		(1.1	)
Total loans	$	1,625,679	$	1,657,795	$	(32,116	)		(1.9	)%

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Asset Quality – One of management’s key objectives has been, and continues to be, maintaining a high level of asset quality. In addition to maintaining credit standards for new loan originations, we proactively monitor loans and collection and workout processes of delinquent or problem loans. When a borrower fails to make a scheduled payment, we attempt to cure the deficiency by making personal contact with the borrower. Initial contacts are generally made within 10 days after the date payment is due. In most cases, deficiencies are promptly resolved. If the delinquency continues, late charges are assessed and additional efforts are made to collect the deficiency. All loans which are designated as “special mention,” classified or which are delinquent 90 days or more are reported to the Board of Directors of the Bank monthly. For loans where the collection of principal or interest payments is doubtful, the accrual of interest income ceases. It is our policy, with certain limited exceptions, to discontinue accruing interest and reverse any interest accrued on any loan which is 90 days or more past due. On occasion, this action may be taken earlier if the financial condition of the borrower raises significant concern with regard to their ability to service the debt in accordance with the terms of the loan agreement. Interest income is not accrued on these loans until the borrower’s financial condition and payment record demonstrate an ability to service the debt.

Repossessed assets, which are acquired as a result of foreclosure, are classified as repossessed assets until sold. Third party property valuations are obtained at the time the asset is repossessed and periodically until the property is liquidated. Repossessed assets are initially recorded at fair value less estimated costs to sell. Costs associated with acquiring and improving a foreclosed property are usually capitalized to the extent that the carrying value does not exceed fair value less estimated selling costs. Holding costs are charged to expense. Gains and losses on the sale of repossessed assets are charged to operations, as incurred.

An impaired loan generally is one for which it is probable, based on current information, that the lender will not collect all the amounts due under the contractual terms of the loan. Large groups of smaller balance, homogeneous loans are collectively evaluated for impairment. Loans collectively evaluated for impairment include smaller balance commercial loans, residential real estate loans and consumer loans. These loans are evaluated as a group because they have similar characteristics and performance experience. Larger (i.e., loans with balances of $100,000 or greater) commercial real estate loans, multi-family residential loans, construction and land loans and commercial and industrial loans are individually evaluated for impairment. Third party property valuations are obtained at the time of origination for real estate secured loans. When a determination is made that a loan has deteriorated to the point of becoming a problem loan, updated valuations may be ordered to help determine if there is impairment, which may lead to a recommendation for partial charge off or appropriate allowance allocation. Property valuations are ordered through, and are reviewed by, an appraisal officer at the bank. The Company typically orders an “as is” valuation for collateral property if a loan is in a criticized loan classification. The Board of Directors is provided with monthly reports on impaired loans. As of June 30, 2018 and December 31, 2017, loans individually evaluated for impairment, excluding Acquired Loans, amounted to $1.9 million and $3.5 million, respectively. As of June 30, 2018 and December 31, 2017, acquired impaired loans (loans considered to have deteriorated credit quality at the time of acquisition) amounted to $11.9 million and $14.2 million, respectively. As of June 30, 2018 and December 31, 2017, substandard loans, excluding Acquired Loans, amounted to $21.8 million and $27.0 million, respectively. The amount of the allowance for loan losses allocated to substandard loans originated by Home Bank totaled $694,000 as of June 30, 2018 and $2.0 million as of December 31, 2017. The amount of the allowance for loan losses allocated to Acquired Loans totaled $1.1 million and $504,000, respectively, at such dates. There were no assets classified as doubtful or loss as of June 30, 2018 or December 31, 2017.

29

Federal regulations and our policies require that we utilize an internal asset classification system as a means of reporting problem and potential problem assets. We have incorporated an internal asset classification system, substantially consistent with Federal banking regulations, as a part of our credit monitoring system. Federal banking regulations set forth a classification scheme for problem and potential problem assets as “substandard,” “doubtful” or “loss” assets. An asset is considered “substandard” if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. “Substandard” assets include those characterized by the “distinct possibility” that the insured institution will sustain “some loss” if the deficiencies are not corrected. Assets classified as “doubtful” have all of the weaknesses inherent in those classified “substandard” with the added characteristic that the weaknesses present make “collection or liquidation in full,” on the basis of currently existing facts, conditions and values, “highly questionable and improbable.” Assets classified as “loss” are those considered “uncollectible” and of such little value that their continuance as assets without the establishment of a specific loss reserve is not warranted.

A bank’s determination as to the classification of its assets and the amount of its valuation allowances is subject to review by Federal bank regulators which can order the establishment of additional general or specific loss allowances. The Federal banking agencies have adopted an interagency policy statement on the allowance for loan and lease losses. The policy statement provides guidance for financial institutions on both the responsibilities of management for the assessment and establishment of allowances and guidance for banking agency examiners to use in determining the adequacy of general valuation guidelines. Generally, the policy statement recommends that institutions have effective systems and controls to identify, monitor and address asset quality problems; that management analyzes all significant factors that affect the collectability of the portfolio in a reasonable manner; and that management establishes acceptable allowance evaluation processes that meet the objectives set forth in the policy statement. Our management believes that, based on information currently available, our allowance for loan losses is maintained at a level which covers all known and inherent losses that are both probable and reasonably estimable as of each reporting date. However, actual losses are dependent upon future events and, as such, further additions to the level of allowance for loan losses may become necessary.

Real estate, or other collateral, which is acquired as a result of foreclosure is classified as a foreclosed asset until sold. Foreclosed assets are recorded at the lesser of the balance of the loan or fair value less estimated selling costs, at the date acquired or upon receiving new property valuations. Holding costs are charged to expense. Gains and losses on the sale of real estate owned are charged to operations, as incurred.

The following table sets forth the composition of the Company’s nonperforming assets (“NPAs”) and performing troubled debt restructurings as of the dates indicated.

	June 30, 2018						December 31, 2017
(dollars in thousands)	Originated		Acquired(1)		Total		Originated		Acquired(1)		Total
Nonaccrual loans(2):
Real estate loans:
One- to four-family first mortgage	$	2,957	$	1,544	$	4,501	$	2,006	$	1,167	$	3,173
Home equity loans and lines		1,678		157		1,835		1,434		108		1,542
Commercial real estate		8,659		463		9,122		8,662		95		8,757
Construction and land		6		379		385		200		249		449
Multi-family residential		—		—		—		—		—		—
Other loans:
Commercial and industrial		5,087		883		5,970		9,678		932		10,610
Consumer		161		270		431		399		103		502
Total nonaccrual loans		18,548		3,696		22,244		22,379		2,654		25,033
Accruing loans 90 days or more past due		—		—		—		—		—		—
Total nonperforming loans		18,548		3,696		22,244		22,379		2,654		25,033
Foreclosed assets		86		406		492		144		584		728
Total nonperforming assets		18,634		4,102		22,736		22,523		3,238		25,761

30

	June 30, 2018							December 31, 2017
(dollars in thousands)	Originated		Acquired(1)		Total			Originated		Acquired(1)		Total
Performing troubled debt restructurings		2,717		1,054		3,771			1,516		1,020		2,536
Total nonperforming assets and troubled debt restructurings	$	21,351	$	5,156	$	26,507		$	24,039	$	4,258	$	28,297
Nonperforming loans to total loans						1.37	%						1.51	%
Nonperforming loans to total assets						1.03	%						1.12	%
Nonperforming assets to total assets						1.05	%						1.16	%

⁽¹⁾  Table excludes Acquired Loans, which were being accounted for under ASC 310-30 because they continue to earn interest from accretable yield regardless of their status as past due or otherwise not in compliance with their contractual terms. Acquired Loans with deteriorated credit quality, which were being accounted for under ASC 310-30 and which were 90 days or more past due, totaled $7.1 million and $4.3 million as of June 30, 2018 and December 31, 2017, respectively.

⁽²⁾  Nonaccrual loans include originated restructured loans placed on nonaccrual totaling $10.4 million and $7.5 million at June 30, 2018 and December 31, 2017, respectively. Acquired restructured loans placed on nonaccrual totaled $949,000 and $353,000 at June 30, 2018 and December 31, 2017, respectively.

The Company recorded net loan recoveries for the second quarter of 2018 of $123,000 and net loan charge-offs for the six months ended June 30, 2018 of $1.4 million. The Company recorded net loan charge-offs for the second quarter of 2017 of $58,000 and net loan recoveries for the six months ended June 30, 2017 of $42,000.

Allowance for Loan Losses – The allowance for loan losses is established through provisions for loan losses. The Company maintains the allowance at a level believed, to the best of management’s knowledge, to cover all known and inherent losses in the portfolio that are both probable and reasonable to estimate at each reporting date. Management reviews the allowance for loan losses at least quarterly in order to identify those inherent losses and to assess the overall collection probability for the loan portfolio. The evaluation process includes, among other things, an analysis of delinquency trends, nonperforming loan trends, the level of charge-offs and recoveries, prior loss experience, total loans outstanding, the volume of loan originations, the type, size and geographic concentration of loans, the value of collateral securing loans, the borrower’s ability to repay and repayment performance, the number of loans requiring heightened management oversight, economic conditions and industry experience. Based on this evaluation, management assigns risk ratings to segments of the loan portfolio. Such risk ratings are periodically reviewed by management and revised as deemed appropriate. These efforts are supplemented by reviews and validations performed by independent loan reviewers. The results of the reviews are reported to the Audit Committee of the Board of Directors. The establishment of the allowance for loan losses is significantly affected by management judgment. There is likelihood that different amounts would be reported under different conditions or assumptions. Federal regulatory agencies, as an integral part of their examination process, periodically review our allowance for loan losses. Such agencies may require management to make additional provisions for estimated loan losses based upon judgments different from those of management.

With respect to Acquired Loans, the Company follows the reserve standard set forth in ASC 310, Receivables. At acquisition, the Company reviews each loan to determine whether there is evidence of deterioration in credit quality since origination and if it is probable that the Company will be unable to collect all amounts due according to the loan’s contractual terms. The Company considers expected prepayments and estimates the amount and timing of undiscounted expected principal, interest and other cash flows for each loan pool meeting the criteria above, and determines the excess of the loan pool’s scheduled contractual principal and interest payments in excess of cash flows expected at acquisition as an amount that should not be accreted (nonaccretable difference). The remaining amount, representing the excess of the pool’s cash flows expected to be collected over the fair value, is accreted into interest income over the remaining life of the pool (accretable yield). The Company records a discount on these loans at acquisition to record them at their estimated fair values. As a result, Acquired Loans subject to ASC 310 are excluded from the calculation of the allowance for loan losses as of the acquisition date. See Note 5 to the Unaudited Consolidated Financial Statements for additional information concerning our allowance for Acquired Loans.

31

Acquired Loans were recorded at their acquisition date fair value, which was based on expected cash flows and included an estimation of expected future loan losses. If the present value of expected cash flows for a pool is less than its carrying value, an impairment is recognized by an increase in the allowance for loan losses and a charge to the provision for loan losses. As of June 30, 2018 and December 31, 2017, $1.1 million and $504,000, respectively, of our allowance for loan losses was allocated to Acquired Loans.

We will continue to monitor and modify our allowance for loan losses as conditions warrant. No assurance can be given that our level of allowance for loan losses will cover all of the inherent losses on our loans or that future adjustments to the allowance for loan losses will not be necessary if economic and other conditions differ substantially from the conditions used by management to determine the current level of the allowance for loan losses.

The following table presents the activity in the allowance for loan losses during the first six months of 2018.

(dollars in thousands)	Originated			Acquired		Total
Balance, December 31, 2017	$	14,303		$	504	$	14,807
Provision charged to operations		904			641		1,545
Loans charged off		(1,545	)		—		(1,545	)
Recoveries on charged off loans		166			—		166
Balance, June 30, 2018	$	13,828		$	1,145	$	14,973

At June 30, 2018, the Company’s ratio of allowance for loan losses to total loans was 0.92%, compared to 0.89% and 1.07% at December 31, 2017 and June 30, 2017, respectively. Excluding Acquired Loans, the ratio of allowance for loan losses to total loans was 1.40% at June 30, 2018, compared to 1.52% and 1.40% at December 31, 2017 and June 30, 2017, respectively.

The allowance for loan losses attributable to originated direct energy-related loans totaled 2.61% of the outstanding balance of energy-related loans at June 30, 2018, compared to 2.49% and 1.34% at December 31, 2017 and June 30, 2017, respectively.

Investment Securities

The Company’s investment securities portfolio totaled $277.1 million as of June 30, 2018, an increase of $29.1 million, or 11.7%, from December 31, 2017. As of June 30, 2018, the Company had a net unrealized loss on its available for sale investment securities portfolio of $4.5 million, compared to a net unrealized loss of $1.5 million as of December 31, 2017.

The following table summarizes activity in the Company’s investment securities portfolio during the first six months of 2018.

(dollars in thousands)	Available for Sale			Held to Maturity
Balance, December 31, 2017	$	234,993		$	13,034
Purchases		58,268			—
Sales		—			—
Principal maturities, prepayments and calls		(25,174	)		—
Amortization of premiums and accretion of discounts		(818	)		(165	)
Decrease in market value		(3,010	)		—
Balance, June 30, 2018	$	264,259		$	12,869

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Funding Sources

Deposits – Deposits totaled $1.8 billion as of June 30, 2018, a decrease of $77.7 million, or 4.2%, compared to December 31, 2017. Core deposits (i.e. checking, savings and money market accounts) totaled $1.4 billion as of June 30, 2018, a decrease of $40.6 million, or 2.7%, compared to December 31, 2017. Certificates of deposit totaled $352.0 million as of June 30, 2018, a decrease of $37.1 million, or 9.5%, compared to December 31, 2017. Management anticipates that to retain existing deposits and attract new deposit inflows further deposit rate increases are likely.

The following table sets forth the composition of the Company’s deposits at the dates indicated.

	June 30,		December 31,		Increase/(Decrease)
(dollars in thousands)	2018		2017		Amount			Percent
Demand deposit	$	455,676	$	461,999	$	(6,323	)		(1.4	)%
Savings		210,715		217,639		(6,924	)		(3.2	)
Money market		291,262		306,509		(15,247	)		(5.0	)
NOW		478,843		490,924		(12,081	)		(2.5	)
Certificates of deposit		352,049		389,156		(37,107	)		(9.5	)
Total deposits	$	1,788,545	$	1,866,227	$	(77,682	)		(4.2	)%

Federal Home Loan Bank Advances – Short-term FHLB advances totaled $3.6 million as of June 30, 2018, a decrease of $64,000, or 1.8%, compared to $3.6 million as of December 31, 2017. Long-term FHLB advances totaled $66.4 million as of June 30, 2018, a decrease of $1.8 million, or 2.6%, compared to $68.2 million as of December 31, 2017.

Shareholders’ Equity – Shareholders’ equity increased $11.5 million, or 4.1%, from $277.9 million as of December 31, 2017 to $289.4 million as of June 30, 2018.

As of June 30, 2018, the Company and the Bank had regulatory capital amounts that were well in excess of regulatory requirements. The following table presents actual and required capital ratios for the Company and the Bank under the Basel III Capital Rules. The minimum required capital amounts presented include the minimum required capital levels as of June 30, 2018 based on the phase-in provisions of the Basel III Capital Rules and the minimum required capital levels as of January 1, 2019 when the Basel III Capital Rules have been fully phased-in. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended to reflect the changes under the Basel III Capital Rules.

	Actual					Minimum Capital Required – Basel III Phase-In Schedule					Minimum Capital Required – Basel III Fully Phased-In					To Be Well Capitalized Under Prompt Corrective Action Provisions
(dollars in thousands)	Amount		Ratio			Amount		Ratio			Amount		Ratio			Amount		Ratio
Company:
Tier 1 risk-based capital	$	225,864		14.36	%	$	123,833		7.875	%	$	133,661		8.50	%	$	N/A		N/A
Total risk-based capital		240,837		15.32			155,282		9.875			165,110		10.50			N/A		N/A
Tier 1 leverage capital		225,864		10.77			83,908		4.00			83,908		4.00			N/A		N/A
	Actual					Minimum Capital Required – Basel III Phase-In Schedule					Minimum Capital Required – Basel III Fully Phased-In					To Be Well Capitalized Under Prompt Corrective Action Provisions
(dollars in thousands)	Amount		Ratio			Amount		Ratio			Amount		Ratio			Amount		Ratio
Bank:
Common equity Tier 1 capital (to risk-weighted assets)	$	212,960		13.57	%	$	100,061		6.375	%	$	109,871		7.00	%	$	102,023		6.50	%
Tier 1 risk-based capital		212,960		13.57			123,605		7.875			133,415		8.50			125,567		8.00
Total risk-based capital		227,932		14.52			154,997		9.875			164,807		10.50			156,959		10.00
Tier 1 leverage capital		212,960		10.16			83,805		4.00			83,805		4.00			104,757		5.00

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LIQUIDITY AND ASSET/LIABILITY MANAGEMENT

Liquidity Management

Liquidity management encompasses our ability to ensure that funds are available to meet the cash flow requirements of depositors and borrowers, while also ensuring adequate cash flow exists to meet the Company’s needs, including operating, strategic and capital. The Company develops its liquidity management strategies as part of its overall asset/liability management process. Our primary sources of funds are from deposits, amortization of loans, loan prepayments and the maturity of loans, investment securities and other investments, and other funds provided from operations. While scheduled payments from the amortization of loans and investment securities and maturing investment securities are relatively predictable sources of funds, deposit flows and loan prepayments can be greatly influenced by general interest rates, economic conditions and competition. The Company also maintains excess funds in short-term, interest-bearing assets that provide additional liquidity. As of June 30, 2018, cash and cash equivalents totaled $80.5 million. At such date, investment securities available for sale totaled $264.3 million.

The Company uses its liquidity to fund existing and future loan commitments, to fund maturing certificates of deposit and demand deposit withdrawals, to invest in other interest-earning assets, and to meet operating expenses. As of June 30, 2018, certificates of deposit maturing within the next 12 months totaled $215.2 million. Based upon historical experience, the Company anticipates that a significant portion of the maturing certificates of deposit will be redeposited with us. For the three months ended June 30, 2018, the average balance of outstanding FHLB advances was $70.3 million. As of June 30, 2018, the Company had $70.0 million in total outstanding FHLB advances and had $740.1 million in additional FHLB advances available.

In addition to cash flow from loan and securities payments and prepayments as well as from sales of securities available for sale, the Company has significant borrowing capacity available to fund liquidity needs. In recent years, the Company has utilized borrowings as a cost efficient addition to deposits as a source of funds. Borrowings consist of advances from the FHLB of Dallas, of which the Company is a member. Under terms of the collateral agreement with the FHLB, the Company pledges residential mortgage loans and investment securities as well as the Company’s stock in the FHLB as collateral for such advances.

Asset/Liability Management

The objective of asset/liability management is to implement strategies for the funding and deployment of the Company’s financial resources that are expected to maximize soundness and profitability over time at acceptable levels of risk. Interest rate sensitivity is the potential impact of changing rate environments on both net interest income and cash flows. The Company measures its interest rate sensitivity over the near term primarily by running net interest income simulations. Our interest rate sensitivity also is monitored by management through the use of a model which generates estimates of the change in its net interest income over a range of interest rate scenarios. Based on the Company’s interest rate risk model, the table below sets forth the results of immediate and sustained changes in interest rates as of June 30, 2018.

Shift in Interest Rates (in bps)	% Change in Projected Net Interest Income
+300	2.3%
+200	1.8
+100	1.1

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The actual impact of changes in interest rates will depend on many factors. These factors include the Company’s ability to achieve expected growth in earning assets and maintain a desired mix of earning assets and interest-bearing liabilities, the actual timing of asset and liability repricing, the magnitude of interest rate changes and corresponding movement in interest rate spreads, and the level of success of asset/liability management strategies.

Off-Balance Sheet Activities

To meet the financing needs of its customers, the Bank issues financial instruments which represent conditional obligations that are not recognized, wholly or in part, in the statements of financial condition. These financial instruments include commitments to extend credit and standby letters of credit. Such instruments expose the Company to varying degrees of credit and interest rate risk in much the same way as funded loans. The same credit policies are used in these commitments as for on-balance sheet instruments. The Company’s exposure to credit losses from these financial instruments is represented by their contractual amounts.

The following table summarizes our outstanding commitments to originate loans and to advance additional amounts pursuant to outstanding letters of credit, lines of credit and undisbursed construction loans as of June 30, 2018 and December 31, 2017.

	Contract Amount
(dollars in thousands)	June 30, 2018		December 31, 2017
Standby letters of credit	$	4,425	$	6,620
Available portion of lines of credit		161,013		203,367
Undisbursed portion of loans in process		107,265		78,578
Commitments to originate loans		107,239		96,183

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to be drawn upon, the total commitment amounts generally represent future cash requirements.

Unfunded commitments under commercial lines of credit, revolving credit lines and overdraft protection agreements are commitments for possible future extensions of credit to existing customers. These lines of credit usually do not contain a specified maturity date and may not be drawn upon to the total extent to which the Company is committed.

The Company is subject to certain claims and litigation arising in the ordinary course of business. In the opinion of management, after consultation with legal counsel, the ultimate disposition of these matters is not expected to have a material effect on the financial condition or results of operations of the Company.

RESULTS OF OPERATIONS

During the second quarter of 2018, the Company earned $7.8 million, an increase of $3.3 million, or 73.3%, compared to the second quarter of 2017. Diluted earnings per share for the second quarter of 2018 were $0.84, an increase of $0.22, or 35.5%, compared to the second quarter of 2017. The second quarter of 2018 includes merger expenses totaling $894,000, net of taxes, related to the acquisition of SMB and the second quarter of 2017 includes a write down on the closure of a banking center totaling $292,000, net of taxes.

During the six months ended June 30, 2018, the Company earned $15.2 million, an increase of $5.7 million, or 60.6%, compared to the six months ended June 30, 2017. Diluted earnings per share for the six months ended June 30, 2018 were $1.64, an increase of $0.33, or 25.2%, compared to the six months ended June 30, 2017. The six months ended June 30, 2018 includes merger expenses totaling $1.6 million, net of taxes, related to the acquisition of SMB and the six months ended June 30, 2017 includes a net loss totaling $45,000, net of taxes, resulting from a write down on a banking center, which closed in the second quarter of 2017 and a gain on the sale of a banking center in the first quarter of 2017.

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Net Interest Income – Net interest income is the difference between the interest income earned on interest-earning assets, such as loans and investment securities, and the interest expense paid on interest-bearing liabilities, such as deposits and borrowings. The Company’s net interest income is largely determined by our net interest spread, which is the difference between the average yield earned on interest-earning assets and the average rate paid on interest-bearing liabilities, and the relative amounts of interest-earning assets and interest-bearing liabilities. The Company’s tax-equivalent net interest spread was 4.51% and 4.20% for the three months ended June 30, 2018 and June 30, 2017, respectively, and 4.42% and 4.24% for the six months ended June 30, 2018 and June 30, 2017, respectively. The Company’s tax-equivalent net interest margin, which is net interest income as a percentage of average interest-earning assets, was 4.69% and 4.35% for the three months ended June 30, 2018 and June 30, 2017, respectively, 4.59% and 4.38% six months ended June 30, 2018 and June 30, 2017, respectively.

Net interest income totaled $23.3 million for the three months ended June 30, 2018, an increase of $7.4 million, or 46.8%, compared to the three months ended June 30, 2017. For the six months ended June 30, 2018, net interest income totaled $45.8 million, an increase of $14.0 million, or 43.9%, compared to the six months ended June 30, 2017. The addition of SMB’s interest-earning assets accounted for the vast majority of the increases in both the three and six-month periods ended June 30, 2018 over the comparable periods.

The following tables set forth, for the periods indicated, information regarding (i) the total dollar amount of interest income of the Company from interest-earning assets and the resultant average yields; (ii) the total dollar amount of interest expense on interest-bearing liabilities and the resultant average rate; (iii) net interest income; (iv) net interest spread; and (v) net interest margin. Information is based on average monthly balances during the indicated periods. Taxable equivalent (“TE”) yields are calculated using a marginal tax rate of 21% for 2018 and 35% for 2017.

	Three Months Ended June 30,
	2018							2017
(dollars in thousands)	Average Balance		Interest		Average Yield/ Rate (1)			Average Balance		Interest		Average Yield/ Rate(1)
Interest-earning assets:
Loans receivable(1)
Originated loans	$	938,453	$	13,061		5.53	%	$	908,958	$	11,502		5.03	%
Acquired loans		695,857		10,466		5.98			313,367		4,665		5.93
Total loans receivable(1)		1,634,310		23,527		5.72			1,222,325		16,167		5.26
Investment securities
Taxable		247,304		1,531		2.48			174,638		959		2.20
Tax-exempt (TE)		34,694		179		2.61			30,937		156		3.11
Total investment securities		281,998		1,710		2.49			205,575		1,115		2.33
Other interest-earning assets		65,402		338		2.07			32,744		117		1.43
Total interest-earning assets (TE)		1,981,710		25,575		5.14			1,460,644		17,399		4.76
Noninterest-earning assets		182,954							101,766
Total assets	$	2,164,664						$	1,562,410	$
Interest-bearing liabilities:
Deposits:
Savings, checking and money market	$	992,449	$	1,029		0.42	%	$	695,828	$	486		0.28	%
Certificates of deposit		354,597		897		1.02			290,032		663		0.92
Total interest-bearing deposits		1,347,046		1,926		0.57			985,860		1,149		0.47

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Short-term FHLB advances		3,586		16	1.81			14,498		31	0.84
Long term FHLB advances		66,690		296	1.77			70,325		321	1.83
Total interest-bearing liabilities		1,417,322		2,238	0.63			1,070,683		1,501	0.56
Noninterest-bearing liabilities		460,860						304,096
Total liabilities		1,878,182						1,374,779
Shareholders’ equity		286,482						187,631
Total liabilities and shareholders’ equity	$	2,164,664					$	1,562,410
Net interest-earning assets	$	564,388					$	389,961
Net interest spread (TE)			$	23,337	4.51	%			$	15,898	4.20	%
Net interest margin (TE)					4.69	%					4.35	%

	Six Months Ended June 30,
	2018							2017
(dollars in thousands)	Average Balance		Interest		Average Yield/ Rate (1)			Average Balance		Interest		Average Yield/ Rate(1)
Interest-earning assets:
Loans receivable(1)
Originated loans	$	924,740	$	25,338		5.47	%	$	904,950	$	22,824		5.03	%
Acquired loans		716,130		20,993		5.85			321,416		9,587		5.96
Total loans receivable(1)		1,640,870		46,331		5.64			1,226,366		32,411		5.28
Investment securities
Taxable		235,409		2,840		2.41			171,198		1,824		2.13
Tax-exempt (TE)		35,564		365		2.60			31,818		319		3.08
Total investment securities		270,973		3,205		2.44			203,016		2,143		2.28
Other interest-earning assets		84,266		765		1.83			28,838		208		1.46
Total interest-earning assets (TE)		1,996,109		50,301		5.04			1,458,220		34,762		4.78
Noninterest-earning assets		188,567							103,626
Total assets	$	2,184,676						$	1,561,846	$
Interest-bearing liabilities:
Deposits:
Savings, checking and money market	$	1,001,663	$	2,042		0.41	%	$	690,350	$	901		0.26	%
Certificates of deposit		365,219		1,787		0.99			283,470		1,241		0.88
Total interest-bearing deposits		1,366,882		3,829		0.56			973,820		2,142		0.44
Short-term FHLB advances		3,603		33		1.82			27,249		94		0.69
Long term FHLB advances		67,130		596		1.78			74,316		659		1.77
Total interest-bearing liabilities		1,437,615		4,458		0.62			1,075,385		2,895		0.54
Noninterest-bearing liabilities		462,881							301,211
Total liabilities		1,900,496							1,376,596
Shareholders’ equity		284,180							185,250
Total liabilities and shareholders’ equity	$	2,184,676						$	1,561,846
Net interest-earning assets	$	558,494						$	382,835
Net interest spread (TE)			$	45,843		4.42	%			$	31,867		4.24	%
Net interest margin (TE)						4.59	%						4.38	%

⁽¹⁾  Nonperforming loans are included in the respective average loan balances, net of deferred fees, discounts and loans in process. Acquired Loans were recorded at fair value upon acquisition and accrete interest income over the remaining lives of the respective loans.

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The following table displays the dollar amount of changes in interest income and interest expense for major components of interest-earning assets and interest-bearing liabilities. The table distinguishes between (i) changes attributable to volume (changes in average volume between periods times prior year rate), (ii) changes attributable to rate (changes in average rate between periods times prior year volume) and (iii) total increase (decrease).

	For the Three Months Ended								For the Six Months Ended
	June 30,								June 30,
	2018 Compared to 2017 Change Attributable To								2018 Compared to 2017 Change Attributable To
						Total								Total
						Increase								Increase
(dollars in thousands)	Rate		Volume			(Decrease)			Rate		Volume			(Decrease)
Interest income:
Loans receivable	$	1,630	$	5,730		$	7,360		$	2,619	$	11,301		$	13,920
Investment securities		125		470			595			242		820			1,062
Other interest-earning assets		78		143			221			104		453			557
Total interest income		1,833		6,343			8,176			2,965		12,574			15,539
Interest expense:
Savings, checking and money market accounts		302		241			543			649		492			1,141
Certificates of deposit		78		156			234			166		380			546
FHLB advances		13		(53	)		(40	)		90		(214	)		(124	)
Total interest expense		393		344			737			905		658			1,563
Increase (decrease) in net interest income	$	1,440	$	5,999		$	7,439		$	2,060	$	11,916		$	13,976

Provision for Loan Losses – For the quarter ended June 30, 2018, the Company recorded a provision for loan losses of $581,000, which was 287.1% higher than the $150,000 recorded for the same period in 2017. For the six months ended June 30, 2018, the provision for loan losses totaled $1.5 million, which was 238.2% higher than the $457,000 recorded for the same period in 2017. The increase in provision for the first six month period ended June 30, 2018 over the comparable period in the prior year resulted primarily due to growth in the loan portfolio.

The Company recorded net loan recoveries of $123,000 during the second quarter of 2018, compared to $58,000 of net loan charge-offs in the second quarter of 2017. The Company recorded net loan charge-offs of $1.4 million during the six months ended June 30, 2018 and net loan recoveries of $42,000 for the six months ended June 30, 2017. The increase in net loan charge-offs for the six months ended June 30, 2018 resulted primarily from two loan relationships identified as problem credits in prior periods.

As of June 30, 2018, the Company’s ratio of allowance for loan losses to total loans was 0.92%, compared to 0.89% and 1.07% at December 31, 2017 and June 30, 2017, respectively. Excluding Acquired Loans, the ratio of the allowance for loan losses to total loans was 1.40% at June 30, 2018, compared to 1.52% and 1.40% at December 31, 2017 and June 30, 2017, respectively. The ratio of nonperforming loans to total assets was 1.03% at June 30, 2018, compared to 1.12% at December 31, 2017. The reduction in nonperforming loans to total assets related primarily to one loan relationship totaling $3.6 million returning to accrual status and loan payoffs.

Noninterest Income – The Company’s noninterest income was $3.3 million for the quarter ended June 30, 2018, $1.2 million, or 54.5%, higher than the $2.2 million earned for the same period in 2017. The second quarter of 2017 includes a $449,000 (pre-tax) write down on a closed banking center in Vicksburg, Mississippi. The

38

increase for the comparative quarters resulted primarily from additional service fees and charges and bank card fees due to the SMB acquisition (up $529,000 and $429,000, respectively) and the absence of a net loss totaling $460,000 primarily due to the write down on a closed banking center and sale of assets, which were partially offset by decreases in other income (down $154,000 due to lower recoveries on acquired assets) and gains on sale of mortgage loans (down $127,000).

Noninterest income was $6.8 million for the six months ended June 30, 2018, $1.8 million, or 36.8%, higher than the $5.0 million earned for the same period of 2017. The six months ended June 30, 2017 includes a net loss of $69,000 resulting from a $449,000 (pre-tax) write down on a closed banking center in Vicksburg, Mississippi and a $380,000 (pre-tax) gain on the sale of a banking center in the first quarter of 2017. The increase for the comparative six month periods resulted primarily from additional service fees and charges and bank card fees due to the SMB acquisition (up $1.2 million and $845,000, respectively), which were partially offset by decreases in gains on the sale of mortgage loans (down $208,000).

Noninterest Expense – The Company’s noninterest expense was $16.3 million for the three months ended June 30, 2018, $5.3 million, or 47.7%, higher than the $11.1 million recorded for the same period in 2017. Noninterest expense for the second quarter of 2018 includes merger-related expenses totaling $1.1 million (pre-tax). The increase in noninterest expense related primarily to the growth of the Company’s employee base, higher occupancy and data processing costs due to the SMB acquisition.

Noninterest expense was $31.9 million for the six months ended June 30, 2018, $9.8 million, or 44.5%, higher than the $22.1 million for the same period of 2017. Noninterest expense includes merger-related expenses totaling $2.0 million (pre-tax) for the six months ended June 30, 2018. The increase related primarily to the growth of the Company’s employee base, higher occupancy and data processing costs due to the SMB acquisition.

Income Taxes – For the quarters ended June 30, 2018 and June 30, 2017, the Company incurred income tax expense of $2.0 million and $2.4 million, respectively. The Company’s effective tax rate was 20.5% and 34.6% during the second quarters of 2018 and 2017, respectively. For the six months ended June 30, 2018 and June 30, 2017, the Company incurred income tax expense of $4.0 million and $4.8 million, respectively. The lower effective tax rate recorded in 2018 was the result of the Tax Cuts and Jobs Act of 2017 (the “Tax Act”). The Tax Act reduced the federal corporate statutory tax rate from 35% to 21%. Differences between the effective tax rate and the statutory tax rate primarily relate to variances in items that are non-taxable or non-deductible (e.g., state tax, tax-exempt income, merger-related expenses, etc.).

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

Quantitative and qualitative disclosures about market risk are presented in the Company’s Annual Report on Form 10-K filed with the SEC for the year ended December 31, 2017, under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Asset/Liability Management and Market Risk”. Additional information at June 30, 2018 is included herein under Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Asset/Liability Management”.

Item 4. Controls and Procedures.

Our management evaluated, with the participation of our Chief Executive Officer and Chief Financial Officer, the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) as of the end of the period covered by this report. Based on such evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and regulations and are operating in an effective manner.

39

No change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15(d)-15(f) under the Securities Exchange Act of 1934) occurred during the second quarter of 2018 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

Item 1. Legal Proceedings.

Not applicable.

Item 1A. Risk Factors.

There have been no material changes from the risk factors previously disclosed in the Company’s Annual Report on Form 10-K for December 31, 2017 filed with the Securities and Exchange Commission.

Item 2. Unregistered Sales of Equity Securities and the Use of Proceeds.

The Company’s purchases of its common stock made during the quarter consisted of stock repurchases under the Company’s approved plans and are set forth in the following table.

Period	Total Number of Shares Purchased		Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs		Maximum Number of Shares that May Yet be Purchased Under the Plan or Programs(1)
April 1 – April 30, 2018		—	$	—		—		366,928
May 1 – May 31, 2018		18		44.21		18		366,910
June 1 – June 30, 2018		1,018		44.92		1,018		365,892
Total		1,036	$	44.90		1,036		365,892

⁽¹⁾  On June 7, 2013, the Company announced the commencement of a stock repurchase program. Under the 2013 plan, the Company can repurchase up to 370,000 shares, or approximately 5% of its common stock outstanding, through open market or privately negotiated transactions. On April 26, 2016, the Company announced a new stock repurchase program. Under the 2016 plan, the Company can repurchase up to 365,000 shares, or approximately 5% of its common stock outstanding at the time of adoption, through open market or privately negotiated transactions.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

None.

Item 5. Other Information.

None.

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Item 6. Exhibits and Financial Statement Schedules.

No.	Description
31.1	Rule 13(a)-14(a) Certification of the Chief Executive Officer
31.2	Rule 13(a)-14(a) Certification of the Chief Financial Officer
32.0	Section 1350 Certification
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definitions Linkbase Document

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		HOME BANCORP, INC.
August 7, 2018	By:	/s/ John W. Bordelon
		John W. Bordelon
		President, Chief Executive Officer and Director
August 7, 2018	By:	/s/ Joseph B. Zanco
		Joseph B. Zanco
		Executive Vice President and Chief Financial Officer
August 7, 2018	By:	/s/ Mary H. Hopkins
		Mary H. Hopkins
		Home Bank, N.A. First Vice President and Director of Financial Management

42

EX-31.1

EXHIBIT 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

I, John W. Bordelon, certify that:

1.    I have reviewed this quarterly report on Form 10-Q of Home Bancorp, Inc. (the “registrant”);

2.    Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.    Based on my knowledge, the financial statements and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.    The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiary, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 7, 2018	/s/ John W. Bordelon
	John W. Bordelon
	President and Chief Executive Officer

EX-31.2

EXHIBIT 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

I, Joseph B. Zanco certify that:

1.    I have reviewed this quarterly report on Form 10-Q of Home Bancorp, Inc. (the “registrant”);

2.    Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.    Based on my knowledge, the financial statements and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.    The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiary, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5.    The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 7, 2018	/s/ Joseph B. Zanco
	Joseph B. Zanco
	Executive Vice President and Chief Financial Officer

EX-32.0

EXHIBIT 32.0

CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION

1350 AND SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Home Bancorp, Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2018, each of the undersigned, John W. Bordelon, President and Chief Executive Officer of the Company, and Joseph B. Zanco, Executive Vice President and Chief Financial Officer of the Company, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of and for the periods covered in the Report.

Date:	August 7, 2018	By:	/s/ John W. Bordelon
			John W. Bordelon
			President and Chief Executive Officer
Date:	August 7, 2018	By:	/s/ Joseph B. Zanco
			Joseph B. Zanco
			Executive Vice President and Chief Financial Officer

Note: A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act has been provided to Home Bancorp, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 31, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q2
Trading Symbol	HBCP
Entity Registrant Name	HOME BANCORP, INC.
Entity Central Index Key	0001436425
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		9,460,512

XML

Consolidated Statements of Financial Condition - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 80,489,229	$ 150,417,829
Interest-bearing deposits in banks	1,429,000	2,421,000
Investment securities available for sale, at fair value	264,258,591	234,993,436
Investment securities held to maturity (fair values of $12,849,714 and $13,055,073, respectively)	12,869,388	13,033,590
Mortgage loans held for sale	9,710,992	5,873,132
Loans, net of unearned income	1,625,679,017	1,657,794,751
Allowance for loan losses	(14,972,574)	(14,807,278)
Total loans, net of unearned income and allowance for loan losses	1,610,706,443	1,642,987,473
Office properties and equipment, net	45,191,944	45,604,752
Cash surrender value of bank-owned life insurance	29,228,142	28,903,913
Goodwill and core deposit intangibles	67,035,203	68,033,472
Accrued interest receivable and other assets	39,056,995	35,852,241
Total Assets	2,159,975,927	2,228,120,838
Deposits:
Noninterest-bearing	455,676,218	461,999,611
Interest-bearing	1,332,868,982	1,404,227,717
Total deposits	1,788,545,200	1,866,227,328
Short-term Federal Home Loan Bank advances	3,578,172	3,642,422
Long-term Federal Home Loan Bank advances	66,395,569	68,183,173
Accrued interest payable and other liabilities	12,096,106	12,197,189
Total Liabilities	1,870,615,047	1,950,250,112
Shareholders' Equity
Preferred stock, $0.01 par value - 10,000,000 shares authorized; none issued
Common stock, $0.01 par value - 40,000,000 shares authorized; 9,437,654 and 9,395,488 shares issued and outstanding, respectively	94,377	93,955
Additional paid-in capital	166,897,088	165,341,415
Unallocated common stock held by:
Employee Stock Ownership Plan (ESOP)	(3,659,970)	(3,838,510)
Recognition and Retention Plan (RRP)	(77,450)	(83,903)
Retained earnings	129,645,221	117,312,630
Accumulated other comprehensive loss	(3,538,386)	(954,861)
Total Shareholders' Equity	289,360,880	277,870,726
Total Liabilities and Shareholders' Equity	$ 2,159,975,927	$ 2,228,120,838

XML

Consolidated Statements of Financial Condition (Parenthetical) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Investment securities held to maturity, fair value	$ 12,849,714	$ 13,055,073
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	9,437,654	9,395,488
Common stock, shares outstanding	9,437,654	9,395,488

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Consolidated Statements of Income - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Interest Income
Loans, including fees	$ 23,527,220	$ 16,167,363	$ 46,330,848	$ 32,410,631
Investment securities:
Taxable interest	1,530,688	958,583	2,839,639	1,824,496
Tax-exempt interest	179,113	156,297	365,221	319,017
Other investments and deposits	338,259	116,526	765,198	207,891
Total interest income	25,575,280	17,398,769	50,300,906	34,762,035
Interest Expense
Deposits	1,926,555	1,149,489	3,828,752	2,141,929
Short-term Federal Home Loan Bank advances	16,409	30,628	32,985	94,606
Long-term Federal Home Loan Bank advances	295,719	321,201	596,024	658,848
Total interest expense	2,238,683	1,501,318	4,457,761	2,895,383
Net interest income	23,336,597	15,897,451	45,843,145	31,866,652
Provision for loan losses	580,621	150,000	1,544,878	456,832
Net interest income after provision for loan losses	22,755,976	15,747,451	44,298,267	31,409,820
Noninterest Income
Gain on sale of loans, net	200,864	327,549	407,901	615,612
Income from bank-owned life insurance	163,610	121,649	324,229	240,365
Gain (loss) on sale of assets, net	69	(460,029)	145,275	(104,489)
Other income	263,665	417,739	478,459	860,784
Total noninterest income	3,344,033	2,163,947	6,824,984	4,989,754
Noninterest Expense
Compensation and benefits	9,222,132	6,892,412	18,163,605	13,667,861
Occupancy	1,719,081	1,272,246	3,393,950	2,492,129
Marketing and advertising	306,434	287,807	565,989	514,403
Data processing and communication	2,344,224	1,073,303	4,023,270	2,148,510
Professional services	305,569	181,517	591,623	412,887
Forms, printing and supplies	273,995	155,144	630,599	290,443
Franchise and shares tax	363,248	191,816	728,548	393,782
Regulatory fees	342,947	312,437	722,284	635,275
Foreclosed assets, net	86,643	(101,096)	189,641	(159,871)
Other expenses	1,357,355	785,290	2,902,081	1,686,170
Total noninterest expense	16,321,628	11,050,876	31,911,590	22,081,589
Income before income tax expense	9,778,381	6,860,522	19,211,661	14,317,985
Income tax expense	2,002,631	2,374,725	3,972,364	4,826,487
Net Income	$ 7,775,750	$ 4,485,797	$ 15,239,297	$ 9,491,498
Earnings per share:
Basic	$ 0.86	$ 0.64	$ 1.69	$ 1.36
Diluted	0.84	0.62	1.64	1.31
Cash dividends declared per common share	$ 0.17	$ 0.14	$ 0.32	$ 0.27
Deposit Account [Member]
Noninterest Income
Bank card fees	$ 1,519,743	$ 990,432	$ 3,174,488	$ 1,927,361
Credit Card [Member]
Noninterest Income
Bank card fees	$ 1,196,082	$ 766,607	$ 2,294,632	$ 1,450,121

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Consolidated Statements of Comprehensive Income - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 7,775,750	$ 4,485,797	$ 15,239,297	$ 9,491,498
Other Comprehensive (Loss) Income
Unrealized (losses) gains on investment securities	(1,012,656)	57,467	(3,009,953)	162,647
Tax effect	212,657	(20,113)	632,090	(56,926)
Other comprehensive (loss) income, net of taxes	(799,999)	37,354	(2,377,863)	105,721
Comprehensive Income	$ 6,975,751	$ 4,523,151	$ 12,861,434	$ 9,597,219

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Consolidated Statements of Changes in Shareholders' Equity - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Unallocated Common Stock Held by ESOP [Member]	Unallocated Common Stock Held by RRP [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balance at Dec. 31, 2016	$ 179,843,024	$ 73,502	$ 79,425,604	$ (4,195,590)	$ (119,633)	$ 104,647,375	$ 11,766
Net income	9,491,498					9,491,498
Other comprehensive income	105,721						105,721
Purchase of Company's common stock at cost, values	(2,224)	(1)	(539)			(1,684)
Cash dividends declared	(1,991,459)					(1,991,459)
Common stock issued under incentive plans, net of shares surrendered in payment, including tax benefit 7,805 shares	(17,903)	78	17,055			(35,036)
Exercise of stock options	508,641	436	508,205
RRP shares released for allocation	4,095		(3,553)		7,648
ESOP shares released for allocation	757,494		578,954	178,540
Share-based compensation cost	239,978		239,978
Balance at Jun. 30, 2017	188,938,865	74,015	80,765,704	(4,017,050)	(111,985)	112,110,694	117,487
Balance at Dec. 31, 2017	277,870,726	93,955	165,341,415	(3,838,510)	(83,903)	117,312,630	(954,861)
Net income	15,239,297					15,239,297
Other comprehensive income	(2,377,863)						(2,377,863)
Reclassification of stranded tax effects in accumulated other comprehensive income						205,662	(205,662)
Purchase of Company's common stock at cost, values	(48,306)	(11)	(10,759)			(37,536)
Cash dividends declared	(3,010,689)					(3,010,689)
Common stock issued under incentive plans, net of shares surrendered in payment, including tax benefit 7,805 shares	105,913	165	169,891			(64,143)
Exercise of stock options	338,796	268	338,528
RRP shares released for allocation	2,263		(4,190)		6,453
ESOP shares released for allocation	897,655		719,115	178,540
Share-based compensation cost	343,088		343,088
Balance at Jun. 30, 2018	$ 289,360,880	$ 94,377	$ 166,897,088	$ (3,659,970)	$ (77,450)	$ 129,645,221	$ (3,538,386)

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Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Purchase of Company's common shares at cost, shares	1,077	91
Cash dividends declared, per share	$ 0.32	$ 0.27
Common Stock issued under incentive plans, shares	16,528	7,805
Common Stock [Member]
Purchase of Company's common shares at cost, shares	1,077	91
Common Stock issued under incentive plans, shares	16,528	7,805
Retained Earnings [Member]
Cash dividends declared, per share	$ 0.32	$ 0.27

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Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net income	$ 15,239,297	$ 9,491,498
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	1,544,878	456,832
Depreciation	1,199,431	957,910
Amortization and accretion of purchase accounting valuations and intangibles	4,211,869	2,348,298
Net amortization of mortgage servicing asset	75,256	100,009
Federal Home Loan Bank stock dividends	(55,500)	(53,300)
Net amortization of discount on investments	983,158	827,562
Gain on loans sold, net	(407,901)	(615,612)
Proceeds, including principal payments, from loans held for sale	43,424,958	64,813,882
Originations of loans held for sale	(46,854,917)	(64,340,005)
Non-cash compensation	1,240,743	997,472
Deferred income tax expense (benefit)	317,512	(183,150)
(Increase) decrease in accrued interest receivable and other assets	(3,182,933)	607,288
Increase in cash surrender value of bank-owned life insurance	(324,229)	(240,365)
Decrease in accrued interest payable and other liabilities	(157,423)	(1,772,297)
Net cash provided by operating activities	17,254,199	13,396,022
Cash flows from investing activities:
Purchases of securities available for sale	(58,268,456)	(33,716,007)
Proceeds from maturities, prepayments and calls on securities available for sale	25,173,733	19,569,009
Decrease (increase) in loans, net	27,288,000	7,216,038
Decrease in interest-bearing deposits in banks	992,000	493,000
Proceeds from sale of repossessed assets	540,040	2,632,000
Purchases of office properties and equipment	(1,500,090)	(667,584)
Proceeds from sale of office properties and equipment	839,402	639,290
Proceeds from redemption of Federal Home Loan Bank stock		4,180,100
Net cash (used in) provided by investing activities	(4,935,371)	345,846
Cash flows from financing activities:
(Decrease) increase in deposits, net	(77,728,187)	61,170,327
Borrowings on Federal Home Loan Bank advances		130,750,000
Repayments of Federal Home Loan Bank advances	(1,904,955)	(181,771,583)
Proceeds from exercise of stock options	338,796	508,641
Issuance of stock under incentive plans	105,913	(17,903)
Dividends paid to shareholders	(3,010,689)	(1,991,459)
Purchase of Company's common stock	(48,306)	(2,224)
Net cash (used in) provided by financing activities	(82,247,428)	8,645,799
Net change in cash and cash equivalents	(69,928,600)	22,387,667
Cash and cash equivalents at beginning of year	150,417,829	29,314,741
Cash and cash equivalents at end of year	$ 80,489,229	$ 51,702,408

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Basis of Presentation

6 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

1. Basis of Presentation

The accompanying unaudited consolidated financial statements of Home Bancorp, Inc. (the “Company”) were prepared in accordance with instructions for Form 10-Q and Regulation S-X and do not include information or footnotes necessary for a complete presentation of financial condition, results of operations, comprehensive income, changes in shareholders’ equity and cash flows in conformity with accounting principles generally accepted in the United States of America. However, in the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the financial statements have been included. The results of operations for the six-month period ended June 30, 2018 are not necessarily indicative of the results which may be expected for the entire fiscal year. These statements should be read in conjunction with the Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) for the year ended December 31, 2017.

Critical Accounting Policies and Estimates

There were no material changes or developments during the reporting period with respect to methodologies the Company uses when applying critical accounting policies and developing critical accounting estimates as disclosed in its Annual Report on Form 10-K for the year ended December 31, 2017.

In preparing the financial statements, the Company is required to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. The financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the Company’s financial condition, results of operations, comprehensive income, changes in shareholders’ equity and cash flows for the interim periods presented. These adjustments are of a normal recurring nature and include appropriate estimated provisions.

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Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2018

Accounting Changes and Error Corrections [Abstract]

Recent Accounting Pronouncements

2. Recent Accounting Pronouncements

In February 2016, the FASB issued ASU 2016-02, “Conforming Amendments Related to Leases”. This ASU amends the codification regarding leases in order to increase transparency and comparability. The ASU requires companies to recognize lease assets and liabilities on the statement of condition and disclose key information about leasing arrangements. Upon implementation, lessee will recognize a liability to make lease payments and a right-of-use asset representing its right to use the leased asset for the lease term. The ASU is effective for annual and interim periods beginning after December 15, 2018. The Company is currently assessing the amendment but does not anticipate it will have a material impact on our Consolidated Financial Statements. Based on the Company’s preliminary assessment of its current leases, the impact to the Company’s consolidated balance sheet is estimated to be less than a 1% increase in assets and liabilities.

In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments”. The ASU requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net carrying value at the amount expected to be collected on the financial assets. The income statement reflects the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount of financial assets. An entity must use judgment in determining the relevant information and estimation methods that are appropriate in its circumstances. The allowance for credit losses for purchased financial assets with a more-than-insignificant amount of credit deterioration since origination that are measured at amortized cost basis is determined in a similar manner to other financial assets measured at amortized cost basis; however, the initial allowance for credit losses is added to the purchase price rather than being reported as a credit loss expense. Only subsequent changes in the allowance for credit losses are recorded as a credit loss expense for these assets. Off-balance-sheet arrangements such as commitments to extend credit, guarantees, and standby letters of credit that and are not unconditionally cancellable are also within the scope of this amendment. Credit losses relating to debt securities should be recorded through an allowance for credit losses. This ASU is effective for fiscal years beginning after December 31, 2019. An entity will apply the amendments in this update on a modified retrospective basis, through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The Company is currently assessing this accounting standard and the implementation of a new software application during 2018 to assist in determining the impact to our Consolidated Financial Statements. The adoption of this ASU could result in material changes in our accounting for credit losses. The extent of the impact upon adoption will depend on the characteristics of the Company’s loan portfolio and economic conditions on that date as well as forecasted conditions thereafter.

In January 2017, FASB issued ASU No. 2017-04, “Intangibles – Goodwill and Other, Simplifying the Test for Goodwill Impairment”. The amendment in this ASU eliminates the requirement to calculate the implied fair value of goodwill in order to measure a goodwill impairment charge. An entity will record an impairment charge based on the excess of the carrying amount over its fair value. This ASU is effective for fiscal and interim testing periods beginning after December 15, 2019. The Company is currently assessing the amendment and does not anticipate it will have a material impact on our Consolidated Financial Statements.

In April 2017, FASB issued ASU No. 2017-8, “Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities”. This ASU shortens the amortization period for the premium on certain purchased callable debt securities to the earliest call date. The accounting for purchased callable debt securities held at a discount does not change under the new guidance. This ASU is effective for fiscal and interim periods beginning after December 15, 2018. The Company is currently assessing the amendment and does not anticipate it will have an impact on our Consolidated Financial Statements.

ASU 2018-02, “Income Statement — Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” ASU 2018-02 was issued to address the income tax accounting treatment of the stranded tax effects within accumulated other comprehensive income as a result of tax reform. This issue came about from the enactment of the Tax Cuts and Jobs Act of 2017 on December 22, 2017 that changed the Company’s statutory income tax rate from 35% to 21%. The ASU changed current accounting whereby an entity may elect to reclassify the stranded tax effect from accumulated other comprehensive income to retained earnings. The ASU is effective for periods beginning after December 15, 2018 although early adoption is permitted. The Company adopted ASU 2018-02 in the first quarter of 2018 and reclassified its stranded tax credit of $206,000 from accumulated other comprehensive income to retained earnings.

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Investment Securities

6 Months Ended

Jun. 30, 2018

Investments, Debt and Equity Securities [Abstract]

Investment Securities

3. Investment Securities

Summary information regarding the Company’s investment securities classified as available for sale and held to maturity as of June 30, 2018 and December 31, 2017 is as follows.

(dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses				Fair Value
					Less Than 1 Year		Over 1 Year
June 30, 2018
Available for sale:
U.S. agency mortgage-backed	$	85,883	$	483	$	1,122	$	467	$	84,777
Collateralized mortgage obligations		149,983		58		1,706		1,771		146,564
Municipal bonds		22,372		111		42		—		22,441
U.S. government agency		10,500		33		56		—		10,477
Total available for sale	$	268,738	$	685	$	2,926	$	2,238	$	264,259
Held to maturity:
Municipal bonds	$	12,869	$	30	$	18	$	31	$	12,850
Total held to maturity	$	12,869	$	30	$	18	$	31	$	12,850

(dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses				Fair Value
					Less Than 1 Year		Over 1 Year
December 31, 2017
Available for sale:
U.S. agency mortgage-backed	$	84,639	$	619	$	270	$	298	$	84,690
Collateralized mortgage obligations		115,435		46		671		1,075		113,735
Municipal bonds		25,362		177		17		1		25,521
U.S. government agency		11,026		42		21		—		11,047
Total available for sale	$	236,462	$	884	$	979	$	1,374	$	234,993
Held to maturity:
Municipal bonds	$	13,034	$	54	$	18	$	15	$	13,055
Total held to maturity	$	13,034	$	54	$	18	$	15	$	13,055

The estimated fair value and amortized cost by contractual maturity of the Company’s investment securities as of June 30, 2018 are shown in the following tables. Securities are classified according to their contractual maturities without consideration of principal amortization, potential prepayments or call options. The expected maturity of a security may differ from its contractual maturity because of prepayments or the exercise of call options. Accordingly, actual maturities may differ from contractual maturities.

(dollars in thousands)	One Year or Less		After One Year through Five Years		After Five Years through Ten Years		After Ten Years		Total
Fair Value
Securities available for sale:
U.S. agency mortgage-backed	$	1,749	$	11,805	$	40,672	$	30,551	$	84,777
Collateralized mortgage obligations		—		5,806		15,863		124,895		146,564
Municipal bonds		3,609		9,021		6,968		2,843		22,441
U.S. government agency		1,002		3,962		4,051		1,462		10,477
Total securities available for sale	$	6,360	$	30,594	$	67,554	$	159,751	$	264,259
Securities held to maturity:
Municipal bonds	$	—	$	6,568	$	5,222	$	1,060	$	12,850
Total securities held to maturity	$	—	$	6,568	$	5,222	$	1,060	$	12,850

(dollars in thousands)	One Year or Less		After One Year through Five Years		After Five Years through Ten Years		After Ten Years		Total
Amortized Cost
Securities available for sale:
U.S. agency mortgage-backed	$	1,749	$	12,117	$	41,564	$	30,453	$	85,883
Collateralized mortgage obligations		—		5,848		16,208		127,927		149,983
Municipal bonds		3,593		8,981		6,942		2,856		22,372
U.S. government agency		999		3,998		4,022		1,481		10,500
Total securities available for sale	$	6,341	$	30,944	$	68,736	$	162,717	$	268,738
Securities held to maturity:
Municipal bonds	$	—	$	6,550	$	5,253	$	1,066	$	12,869
Total securities held to maturity	$	—	$	6,550	$	5,253	$	1,066	$	12,869

Management evaluates securities for other-than-temporary impairment at least quarterly, and more frequently when economic and market conditions warrant such evaluations. Consideration is given to (1) the extent and length of time the fair value has been below cost; (2) the reasons for the decline in value; and (3) the Company’s intent to sell a security or whether it is more likely than not the Company will be required to sell the security before the recovery of its amortized cost, which may extend to maturity.

The Company performs a process to identify securities that could potentially have a credit impairment that is other-than-temporary. This process involves evaluating each security for impairment by monitoring credit performance, collateral type, collateral geography, bond credit support, loan-to-value ratios, credit scores, loss severity levels, pricing levels, downgrades by rating agencies, cash flow projections and other factors as indicators of potential credit issues. When the Company determines that a security is deemed other-than-temporarily impaired, an impairment loss is recognized.

As of June 30, 2018, 155 of the Company’s investment securities had unrealized losses totaling 2.4% of the individual securities’ amortized cost basis and 1.9% of the Company’s total amortized cost basis of the investment securities portfolio. At such date, 41 of the 155 securities had been in a continuous loss position for over 12 months. The 41 securities had an aggregate amortized cost basis of $58.0 million and an unrealized loss of $2.3 million at June 30, 2018. Management has the intent and ability to hold these securities until maturity, or until anticipated recovery; hence, no declines in these securities were deemed other-than-temporary at June 30, 2018.

As of June 30, 2018 and December 31, 2017, the Company had $157,479,000 and $121,984,000, respectively, of securities pledged to secure public deposits.

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Earnings Per Share

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Earnings Per Share

4. Earnings Per Share

Earnings per common share were computed based on the following:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands, except per share data)	2018		2017		2018		2017
Numerator:
Net income available to common shareholders	$	7,776	$	4,486	$	15,239	$	9,491
Denominator:
Weighted average common shares outstanding		9,048		6,972		9,030		6,954
Effect of dilutive securities:
Restricted stock		20		3		22		3
Stock options		231		259		232		264
Weighted average common shares outstanding – assuming dilution		9,299		7,234		9,284		7,221
Basic earnings per common share	$	0.86	$	0.64	$	1.69	$	1.36
Diluted earnings per common share	$	0.84	$	0.62	$	1.64	$	1.31

Options on 19,172 and 62,196 shares of common stock were not included in the computation of diluted earnings per share for the three months ended June 30, 2018 and June 30, 2017, respectively, because the effect of these shares was anti-dilutive. Options on 9,808 and 52,761 shares of common stock were not included in the computation of diluted earnings per share for the six months ended June 30, 2018 and June 30, 2017, respectively, because the effect of these shares was anti-dilutive.

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Credit Quality and Allowance for Loan Losses

6 Months Ended

Jun. 30, 2018

Receivables [Abstract]

Credit Quality and Allowance for Loan Losses

5. Credit Quality and Allowance for Loan Losses

The following briefly describes the distinction between originated and Acquired Loans and certain significant accounting policies relevant to each category.

Originated Loans

Loans originated for investment are reported at the principal balance outstanding net of unearned income. Interest on loans and accretion of unearned income are computed in a manner that approximates a level yield on recorded principal. Interest on loans is recorded as income is earned. The accrual of interest on an originated loan is discontinued when it is probable the borrower will not be able to meet payment obligations as they become due. The Company maintains an allowance for loan losses on originated loans that represents management’s estimate of probable losses incurred in this portfolio category.

Acquired Loans

Loans that were acquired as a result of business combinations are referred to as “Acquired Loans.” Acquired Loans were recorded at estimated fair value at the acquisition date with no carryover of the related allowance for loan losses. The Acquired Loans were segregated between those considered to be performing (“acquired performing”) and those with evidence of credit deterioration (“acquired impaired”), and then further segregated into loan pools designed to facilitate the estimation of expected cash flows. The fair value estimate for each pool of acquired performing and acquired impaired loans was based on the estimate of expected cash flows, both principal and interest, from that pool, discounted at prevailing market interest rates.

The difference between the fair value of an acquired performing loan pool and the contractual amounts due at the acquisition date (the “fair value discount”) is accreted into income over the estimated life of the pool. Management estimates an allowance for loan losses for acquired performing loans using a methodology similar to that used for originated loans. The allowance determined for each loan pool is compared to the remaining fair value discount for that pool. If the allowance amount calculated under the Company’s methodology is greater than the Company’s remaining discount, the additional amount called for is added to the reported allowance through a provision for loan losses. If the allowance amount calculated under the Company’s methodology is less than the Company’s recorded discount, no additional allowance or provision is recognized. Actual losses first reduce any remaining nonaccretable discount for the loan pool. Once the nonaccretable discount is fully depleted, losses are applied against the allowance established for that pool. Acquired performing loans are placed on nonaccrual status and considered and reported as nonperforming or past due using the same criteria applied to the originated portfolio.

The excess of cash flows expected to be collected from an acquired impaired loan pool over the pool’s estimated fair value at acquisition is referred to as the accretable yield and is recognized in interest income using an effective yield method over the remaining life of the pool. Each pool of acquired impaired loans is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows.

Management recasts the estimate of cash flows expected to be collected on each acquired impaired loan pool periodically. If the present value of expected cash flows for a pool is less than its carrying value, an impairment is recognized by an increase in the allowance for loan losses and a charge to the provision for loan losses. If the present value of expected cash flows for a pool is greater than its carrying value, any previously established allowance for loan losses is reversed and any remaining difference increases the accretable yield, which will be taken into interest income over the remaining life of the loan pool. Acquired impaired loans are generally not subject to individual evaluation for impairment and are not reported with impaired loans, even if they would otherwise qualify for such treatment.

Allowance for Loan Losses

The allowance for loan losses and recorded investment in loans as of the dates indicated are as follows.

	As of June 30, 2018
	Originated Loans
(dollars in thousands)	Collectively Evaluated for Impairment		Individually Evaluated for Impairment		Acquired Loans		Total
Allowance for loan losses:
One- to four-family first mortgage	$	1,763	$	—	$	25	$	1,788
Home equity loans and lines		701		348		71		1,120
Commercial real estate		5,173		—		209		5,382
Construction and land		1,970		—		8		1,978
Multi-family residential		423		—		111		534
Commercial and industrial		2,614		346		575		3,535
Consumer		490		—		146		636
Total allowance for loan losses	$	13,134	$	694	$	1,145	$	14,973

	As of June 30, 2018
	Originated Loans
(dollars in thousands)	Collectively Evaluated for Impairment		Individually Evaluated for Impairment		Acquired Loans(1)		Total
Loans:
One- to four-family first mortgage	$	211,485	$	—	$	246,945	$	458,430
Home equity loans and lines		53,392		896		35,942		90,230
Commercial real estate		387,348		22		217,369		604,739
Construction and land		135,072		—		45,563		180,635
Multi-family residential		33,763		—		14,158		47,921
Commercial and industrial		126,380		946		57,690		185,016
Consumer		38,338		—		20,370		58,708
Total loans	$	985,778	$	1,864	$	638,037	$	1,625,679

	As of December 31, 2017
	Originated Loans
(dollars in thousands)	Collectively Evaluated for Impairment		Individually Evaluated for Impairment		Acquired Loans		Total
Allowance for loan losses:
One- to four-family first mortgage	$	1,574	$	—	$	89	$	1,663
Home equity loans and lines		676		348		78		1,102
Commercial real estate		4,766		—		140		4,906
Construction and land		1,742		—		7		1,749
Multi-family residential		355		—		—		355
Commercial and industrial		2,721		1,625		184		4,530
Consumer		496		—		6		502
Total allowance for loan losses	$	12,330	$	1,973	$	504	$	14,807

	As of December 31, 2017
	Originated Loans
(dollars in thousands)	Collectively Evaluated for Impairment		Individually Evaluated for Impairment		Acquired Loans(1)		Total
Loans:
One- to four-family first mortgage	$	199,199	$	—	$	278,012	$	477,211
Home equity loans and lines		53,349		925		40,171		94,445
Commercial real estate		369,740		22		241,596		611,358
Construction and land		124,963		—		52,300		177,263
Multi-family residential		30,540		—		20,438		50,978
Commercial and industrial		120,818		2,512		61,954		185,284
Consumer		39,854		—		21,402		61,256
Total loans	$	938,463	$	3,459	$	715,873	$	1,657,795

(1) $11.9 million and $14.2 million in Acquired Loans were deemed to be acquired impaired loans and were accounted for under ASC 310-30 at June 30, 2018 and December 31, 2017, respectively.

A summary of activity in the allowance for loan losses for the six months ended June 30, 2018 and June 30, 2017 follows.

	For the Six Months Ended June 30, 2018
(dollars in thousands)	Beginning Balance		Charge-offs			Recoveries		Provision			Ending Balance
Originated loans:
Allowance for loan losses:
One- to four-family first mortgage	$	1,574	$	—		$	—	$	189		$	1,763
Home equity loans and lines		1,024		—			3		23			1,049
Commercial real estate		4,766		—			—		407			5,173
Construction and land		1,742		—			—		228			1,970
Multi-family residential		355		—			—		68			423
Commercial and industrial		4,346		(1,500	)		152		(38	)		2,960
Consumer		496		(45	)		11		28			490
Total allowance for loan losses	$	14,303	$	(1,545	)		166	$	904		$	13,828
Acquired loans:
Allowance for loan losses:
One- to four-family first mortgage	$	89	$	—		$	—	$	(64	)	$	25
Home equity loans and lines		78		—			—		(7	)		71
Commercial real estate		140		—			—		69			209
Construction and land		7		—			—		1			8
Multi-family residential		—		—			—		111			111
Commercial and industrial		184		—			—		391			575
Consumer		6		—			—		140			146
Total allowance for loan losses	$	504	$	—		$	—	$	641		$	1,145
Total loans:
Allowance for loan losses:
One- to four-family first mortgage	$	1,663	$	—		$	—	$	125		$	1,788
Home equity loans and lines		1,102		—			3		15			1,120
Commercial real estate		4,906		—			—		476			5,382
Construction and land		1,749		—			—		229			1,978
Multi-family residential		355		—			—		179			534
Commercial and industrial		4,530		(1,500	)		152		353			3,535
Consumer		502		(45	)		11		168			636
Total allowance for loan losses	$	14,807	$	(1,545	)	$	166	$	1,545		$	14,973

	For the Six Months Ended June 30, 2017
(dollars in thousands)	Beginning Balance		Charge-offs			Recoveries		Provision			Ending Balance
Originated loans:
Allowance for loan losses:
One- to four-family first mortgage	$	1,436	$	—		$	—	$	67		$	1,503
Home equity loans and lines		654		(10	)		16		369			1,029
Commercial real estate		4,177		—			—		270			4,447
Construction and land		1,763		—			—		(223	)		1,540
Multi-family residential		361		—			—		12			373
Commercial and industrial		3,316		(58	)		113		(21	)		3,350
Consumer		513		(23	)		4		(9	)		485
Total allowance for loan losses	$	12,220	$	(91	)	$	133	$	465		$	12,727
Acquired loans:
Allowance for loan losses:
One- to four-family first mortgage	$	75	$	—		$	—	$	(16	)	$	59
Home equity loans and lines		74		—			—		(12	)		62
Commercial real estate		—		—			—		—			—
Construction and land		19		—			—		(12	)		7
Multi-family residential		—		—			—		—			—
Commercial and industrial		123		—			—		30			153
Consumer		—		—			—		2			2
Total allowance for loan losses	$	291	$	—		$	—	$	(8	)	$	283
Total loans:
Allowance for loan losses:
One- to four-family first mortgage	$	1,511	$	—		$	—	$	51		$	1,562
Home equity loans and lines		728		(10	)		16		357			1,091
Commercial real estate		4,177		—			—		270			4,447
Construction and land		1,782		—			—		(235	)		1,547
Multi-family residential		361		—			—		12			373
Commercial and industrial		3,439		(58	)		113		9			3,503
Consumer		513		(23	)		4		(7	)		487
Total allowance for loan losses	$	12,511	$	(91	)	$	133	$	457		$	13,010

Credit Quality

The following tables present the Company’s loan portfolio by credit quality classification as of the dates indicated.

	June 30, 2018
(dollars in thousands)	Pass		Special Mention		Substandard		Doubtful		Total
Originated loans:
One- to four-family first mortgage	$	206,903	$	1,625	$	2,957	$	—	$	211,485
Home equity loans and lines		52,549		—		1,739		—		54,288
Commercial real estate		374,122		4,590		8,658		—		387,370
Construction and land		132,756		1,136		1,180		—		135,072
Multi-family residential		33,763		—		—		—		33,763
Commercial and industrial		113,521		6,730		7,075		—		127,326
Consumer		38,033		144		161		—		38,338
Total originated loans	$	951,647	$	14,225	$	21,770	$	—	$	987,642

Acquired loans:
One- to four-family first mortgage	$	239,509	$	1,746	$	5,690	$	—	$	246,945
Home equity loans and lines		35,438		322		182		—		35,942
Commercial real estate		196,435		10,868		10,066		—		217,369
Construction and land		43,569		1,386		608		—		45,563
Multi-family residential		13,300		598		260		—		14,158
Commercial and industrial		53,194		1,989		2,507		—		57,690
Consumer		19,773		312		285		—		20,370
Total acquired loans	$	601,218	$	17,221	$	19,598	$	—	$	638,037
Total loans:
One- to four-family first mortgage	$	446,412	$	3,371	$	8,647	$	—	$	458,430
Home equity loans and lines		87,987		322		1,921		—		90,230
Commercial real estate		570,557		15,458		18,724		—		604,739
Construction and land		176,325		2,522		1,788		—		180,635
Multi-family residential		47,063		598		260		—		47,921
Commercial and industrial		166,715		8,719		9,582		—		185,016
Consumer		57,806		456		446		—		58,708
Total loans	$	1,552,865	$	31,446	$	41,368	$	—	$	1,625,679
	December 31, 2017
(dollars in thousands)	Pass		Special Mention		Substandard		Doubtful		Total
Originated loans:
One- to four-family first mortgage	$	196,203	$	990	$	2,006	$	—	$	199,199
Home equity loans and lines		52,492		283		1,499		—		54,274
Commercial real estate		356,020		5,080		8,662		—		369,762
Construction and land		122,076		2,043		844		—		124,963
Multi-family residential		30,540		—		—		—		30,540
Commercial and industrial		105,097		4,640		13,593		—		123,330
Consumer		39,335		120		399		—		39,854
Total originated loans	$	901,763	$	13,156	$	27,003	$	—	$	941,922
Acquired loans:
One- to four-family first mortgage	$	269,144	$	2,825	$	6,043	$	—	$	278,012
Home equity loans and lines		39,603		307		261		—		40,171
Commercial real estate		218,234		12,522		10,840		—		241,596
Construction and land		48,748		3,056		496		—		52,300
Multi-family residential		19,644		636		158		—		20,438
Commercial and industrial		56,635		2,998		2,321		—		61,954
Consumer		21,172		69		161		—		21,402
Total acquired loans	$	673,180	$	22,413	$	20,280	$	—	$	715,873
Total loans:
One- to four-family first mortgage	$	465,347	$	3,815	$	8,049	$	—	$	477,211
Home equity loans and lines		92,095		590		1,760		—		94,445
Commercial real estate		574,254		17,602		19,502		—		611,358
Construction and land		170,824		5,099		1,340		—		177,263
Multi-family residential		50,184		636		158		—		50,978
Commercial and industrial		161,732		7,638		15,914		—		185,284
Consumer		60,507		189		560		—		61,256
Total loans	$	1,574,943	$	35,569	$	47,283	$	—	$	1,657,795

The above classifications follow regulatory guidelines and can generally be described as follows:

• Pass loans are of satisfactory quality.

• Special mention loans have an existing weakness that could cause future impairment, including the deterioration of financial ratios, past due status, questionable management capabilities and possible reduction in the collateral values.

• Substandard loans have an existing specific and well-defined weakness that may include poor liquidity and deterioration of financial performance. Such loans may be past due and related deposit accounts experiencing overdrafts. Immediate corrective action is necessary.

• Doubtful loans have specific weaknesses that are severe enough to make collection or liquidation in full highly questionable and improbable.

In addition, residential loans are classified using an inter-agency regulatory methodology that incorporates, among other factors, the extent of delinquencies and loan-to-value ratios. These classifications were the most current available as of the dates indicated and were generally updated within the quarter.

Age analysis of past due loans as of the dates indicated are as follows.

	June 30, 2018
(dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days Past Due		Total Past Due		Current Loans		Total Loans
Originated loans:
Real estate loans:
One- to four-family first mortgage	$	1,790	$	377	$	561	$	2,728	$	208,757	$	211,485
Home equity loans and lines		116		46		69		231		54,057		54,288
Commercial real estate		765		167		142		1,074		386,296		387,370
Construction and land		467		35		—		502		134,570		135,072
Multi-family residential		—		—		—		—		33,763		33,763
Total real estate loans		3,138		625		772		4,535		817,443		821,978
Other loans:
Commercial and industrial		144		124		257		525		126,801		127,326
Consumer		160		35		63		258		38,080		38,338
Total other loans		304		159		320		783		164,881		165,664
Total originated loans	$	3,442	$	784	$	1,092	$	5,318	$	982,324	$	987,642
Acquired loans:
Real estate loans:
One- to four-family first mortgage	$	4,101	$	837	$	2,958	$	7,896	$	239,049	$	246,945
Home equity loans and lines		145		101		76		322		35,620		35,942
Commercial real estate		751		765		1,092		2,608		214,761		217,369
Construction and land		659		12		363		1,034		44,529		45,563
Multi-family residential		—		—		—		—		14,158		14,158
Total real estate loans		5,656		1,715		4,489		11,860		548,117		559,977
Other loans:
Commercial and industrial		79		257		747		1,083		56,607		57,690
Consumer		472		63		165		700		19,670		20,370
Total other loans		551		320		912		1,783		76,277		78,060
Total acquired loans	$	6,207	$	2,035	$	5,401	$	13,643	$	624,394	$	638,037

Total loans:
Real estate loans:
One- to four-family first mortgage	$	5,891	$	1,214	$	3,519	$	10,624	$	447,806	$	458,430
Home equity loans and lines		261		147		145		553		89,677		90,230
Commercial real estate		1,516		932		1,234		3,682		601,057		604,739
Construction and land		1,126		47		363		1,536		179,099		180,635
Multi-family residential		—		—		—		—		47,921		47,921
Total real estate loans		8,794		2,340		5,261		16,395		1,365,560		1,381,955
Other loans:
Commercial and industrial		223		381		1,004		1,608		183,408		185,016
Consumer		632		98		228		958		57,750		58,708
Total other loans		855		479		1,232		2,566		241,158		243,724
Total loans	$	9,649	$	2,819	$	6,493	$	18,961	$	1,606,718	$	1,625,679

	December 31, 2017
(dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days Past Due		Total Past Due		Current Loans		Total Loans
Originated loans:
Real estate loans:
One- to four-family first mortgage	$	837	$	131	$	44	$	1,012	$	198,187	$	199,199
Home equity loans and lines		1,018		—		26		1,044		53,230		54,274
Commercial real estate		670		—		—		670		369,092		369,762
Construction and land		744		—		200		944		124,019		124,963
Multi-family residential		—		—		—		—		30,540		30,540
Total real estate loans		3,269		131		270		3,670		775,068		778,738
Other loans:
Commercial and industrial		882		825		1,641		3,348		119,982		123,330
Consumer		380		9		278		667		39,187		39,854
Total other loans		1,262		834		1,919		4,015		159,169		163,184
Total originated loans	$	4,531	$	965	$	2,189	$	7,685	$	934,237	$	941,922
Acquired loans:
Real estate loans:
One- to four-family first mortgage	$	3,867	$	2,087	$	2,816	$	8,770	$	269,242	$	278,012
Home equity loans and lines		137		61		46		244		39,927		40,171
Commercial real estate		5,071		436		1,864		7,371		234,225		241,596
Construction and land		2,089		159		239		2,487		49,813		52,300
Multi-family residential		—		—		—		—		20,438		20,438
Total real estate loans		11,164		2,743		4,965		18,872		613,645		632,517
Other loans:
Commercial and industrial		809		678		185		1,672		60,282		61,954
Consumer		329		152		95		576		20,826		21,402
Total other loans		1,138		830		280		2,248		81,108		83,356
Total acquired loans	$	12,302	$	3,573	$	5,245	$	21,120	$	694,753	$	715,873

Total loans:
Real estate loans:
One- to four-family first mortgage	$	4,704	$	2,218	$	2,860	$	9,782	$	467,429	$	477,211
Home equity loans and lines		1,155		61		72		1,288		93,157		94,445
Commercial real estate		5,741		436		1,864		8,041		603,317		611,358
Construction and land		2,833		159		439		3,431		173,832		177,263
Multi-family residential		—		—		—		—		50,978		50,978
Total real estate loans		14,433		2,874		5,235		22,542		1,388,713		1,411,255
Other loans:
Commercial and industrial		1,691		1,503		1,826		5,020		180,264		185,284
Consumer		709		161		373		1,243		60,013		61,256
Total other loans		2,400		1,664		2,199		6,263		240,277		246,540
Total loans	$	16,833	$	4,538	$	7,434	$	28,805	$	1,628,990	$	1,657,795

Excluding Acquired Loans with deteriorated credit quality, the Company did not have any loans greater than 90 days past due and accruing as of June 30, 2018 or December 31, 2017.

The following table summarizes the accretable yield on loans accounted for under ASC 310-30 as of the dates indicated.

	For the Six Months Ended
(dollars in thousands)	June 30, 2018			June 30, 2017
Balance at beginning of period	$	(9,303	)	$	(11,091	)
Accretion		1,222			1,746
Transfers from nonaccretable difference to accretable yield		(1,880	)		(1,538	)
Balance at end of period	$	(9,961	)	$	(10,883	)

The following table summarizes information pertaining to Originated Loans, which were deemed impaired loans as of the dates indicated.

	For the Period Ended June 30, 2018
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
One- to four-family first mortgage	$	—	$	—	$	—	$	—	$	—
Home equity loans and lines		455		476		—		461		—
Commercial real estate		22		23		—		22		—
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		413		607		—		357		—
Consumer		—		—		—		—		—
Total	$	890	$	1,106	$	—	$	840	$	—
With an allowance recorded:
One- to four-family first mortgage	$	—	$	—	$	—	$	—	$	—
Home equity loans and lines		441		460		348		446		—
Commercial real estate		—		—		—		—		—
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		533		554		346		1,161		1
Consumer		—		—		—		—		—
Total	$	974	$	1,014	$	694	$	1,607	$	1

Total impaired loans:
One- to four-family first mortgage	$	—	$	—	$	—	$	—	$	—
Home equity loans and lines		896		936		348		907		—
Commercial real estate		22		23		—		22		—
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		946		1,161		346		1,518		1
Consumer		—		—		—		—		—
Total	$	1,864	$	2,120	$	694	$	2,447	$	1
	For the Period Ended December 31, 2017
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
One- to four-family first mortgage	$	—	$	—	$	—	$	—	$	—
Home equity loans and lines		470		476		—		395		1
Commercial real estate		22		32		—		19		—
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		428		434		—		2,849		2
Consumer		—		—		—		—		—
Total	$	920	$	942	$	—	$	3,263	$	3
With an allowance recorded:
One- to four-family first mortgage	$	—	$	—	$	—	$	42	$	—
Home equity loans and lines		455		461		348		383		1
Commercial real estate		—		—		—		296		—
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		2,084		2,157		1,625		1,985		52
Consumer		—		—		—		—		—
Total	$	2,539	$	2,618	$	1,973	$	2,706	$	53
Total impaired loans:
One- to four-family first mortgage	$	—	$	—	$	—	$	42	$	—
Home equity loans and lines		925		937		348		778		2
Commercial real estate		22		32		—		315		—
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		2,512		2,591		1,625		4,834		54
Consumer		—		—		—		—		—
Total	$	3,459	$	3,560	$	1,973	$	5,969	$	56

	For the Period Ended June 30, 2017
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
One- to four-family first mortgage	$	—	$	—	$	—	$	—	$	—
Home equity loans and lines		476		476		—		317		12
Commercial real estate		22		23		—		15		1
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		3,203		3,336		—		3,359		95
Consumer		—		—		—		—		—
Total	$	3,701	$	3,835	$	—	$	3,691	$	108
With an allowance recorded:
One- to four-family first mortgage	$	—	$	—	$	—	$	83	$	—
Home equity loans and lines		461		461		348		307		11
Commercial real estate		435		470		6		448		10
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		2,083		2,170		934		1,967		56
Consumer		—		—		—		—		—
Total	$	2,979	$	3,101	$	1,288	$	2,805	$	77
Total impaired loans:
One- to four-family first mortgage	$	—	$	—	$	—	$	83	$	—
Home equity loans and lines		937		937		348		624		23
Commercial real estate		457		493		6		463		11
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		5,286		5,506		934		5,326		151
Consumer		—		—		—		—		—
Total	$	6,680	$	6,936	$	1,288	$	6,496	$	185

The following table summarizes information pertaining to nonaccrual loans as of dates indicated.

	June 30, 2018						December 31, 2017
(dollars in thousands)	Originated		Acquired(1)		Total		Originated		Acquired(1)		Total
Nonaccrual loans:
One- to four-family first mortgage	$	2,957	$	1,544	$	4,501	$	2,006	$	1,167	$	3,173
Home equity loans and lines		1,678		157		1,835		1,434		108		1,542
Commercial real estate		8,659		463		9,122		8,662		95		8,757
Construction and land		6		379		385		200		249		449
Multi-family residential		—		—		—		—		—		—
Commercial and industrial		5,087		883		5,970		9,678		932		10,610
Consumer		161		270		431		399		103		502
Total	$	18,548	$	3,696	$	22,244	$	22,379	$	2,654	$	25,033

⁽¹⁾ Table excludes Acquired Loans which were being accounted for under ASC 310-30 because they continue to earn interest from accretable yield regardless of their status as past due or otherwise not in compliance with their contractual terms. Acquired Loans with deteriorated credit quality, which were being accounting for under ASC 310-30 and which were 90 days or more past due totaled $2.7 million and $4.3 million as of June 30, 2018 and December 31, 2017, respectively.

As of June 30, 2018, the Company had no outstanding commitments to lend additional funds to any customer whose loan was classified as impaired.

Troubled Debt Restructurings

During the course of its lending operations, the Company periodically grants concessions to its customers in an attempt to protect as much of its investment as possible and to minimize risk of loss. These concessions may include restructuring the terms of a customer loan to alleviate the burden of the customer’s near-term cash requirements. Loans are considered troubled debt restructurings (“TDR”) when the Company agrees to restructure a loan to a borrower who is experiencing financial difficulties in a manner that is deemed to be a “concession”. The Company defines a concession as a modification of existing terms granted to a borrower for economic or legal reasons related to the borrower’s financial difficulties that the Company would otherwise not consider. The concession either is granted through an agreement with the customer or is imposed by a court or by law. Concessions include modifying original loan terms to reduce or defer cash payments required as part of the loan agreement, including but not limited to:

• a reduction of the stated interest rate for the remaining original life of the debt,

• an extension of the maturity date or dates at an interest rate lower than the current market rate for new debt with similar risk characteristics,

• a reduction of the face amount or maturity amount of the debt, or

• a reduction of accrued interest receivable on the debt.

In its determination of whether the customer is experiencing financial difficulties, the Company considers numerous indicators, including, but not limited to:

• whether the customer is currently in default on its existing loan, or is in an economic position where it is probable the customer will be in default on its loan in the foreseeable future without a modification,

• whether the customer has declared or is in the process of declaring bankruptcy,

• whether there is substantial doubt about the customer’s ability to continue as a going concern,

• whether, based on its projections of the customer’s current capabilities, the Company believes the customer’s future cash flows will be insufficient to service the debt, including interest, in accordance with the contractual terms of the existing agreement for the foreseeable future, and

• whether, without modification, the customer cannot obtain sufficient funds from other sources at an effective interest rate equal to the current market rate for similar debt for a non-troubled debtor.

If the Company concludes that both a concession has been granted and the concession was granted to a customer experiencing financial difficulties, the Company identifies the loan as a TDR. For purposes of the determination of an allowance for loan losses on TDRs, such loans are reviewed for specific impairment in accordance with the Company’s allowance for loan loss methodology. If it is determined that losses are probable on such TDRs, either because of delinquency or other credit quality indicators, the Company specifically allocates a portion of the allowance for loan losses to these loans.

Information about the Company’s TDRs is presented in the following tables.

	As of June 30, 2018
(dollars in thousands)	Current		Past Due Greater Than 30 Days		Nonaccrual TDRs		Total TDRs
Originated loans:
Real estate loans:
One- to four-family first mortgage	$	221	$	—	$	1,867	$	2,088
Home equity loans and lines		—		61		556		617
Commercial real estate		119		—		7,342		7,461
Construction and land		153		—		—		153
Multi-family residential		—		—		—		—
Total real estate loans		493		61		9,765		10,319
Other loans:
Commercial and industrial		2,163		—		578		2,741
Consumer		—		—		98		98
Total other loans		2,163		—		676		2,839
Total loans	$	2,656	$	61	$	10,441	$	13,158
Acquired loans:
Real estate loans:
One- to four-family first mortgage	$	208	$	—	$	54	$	262
Home equity loans and lines		—		—		70		70
Commercial real estate		—		761		—		761
Construction and land		—		—		—		—
Multi-family residential		—		—		—		—
Total real estate loans		208		761		124		1,093
Other loans:
Commercial and industrial		77		—		824		901
Consumer		8		—		—		8
Total other loans		85		—		824		909
Total loans	$	293	$	761	$	948	$	2,002

Total loans:
Real estate loans:
One- to four-family first mortgage	$	429	$	—	$	1,921	$	2,350
Home equity loans and lines		—		61		626		687
Commercial real estate		119		761		7,342		8,222
Construction and land		153		—		—		153
Multi-family residential		—		—		—		—
Total real estate loans		701		822		9,889		11,412
Other loans:
Commercial and industrial		2,240		—		1,402		3,642
Consumer		8		—		98		106
Total other loans		2,248		—		1,500		3,748
Total loans	$	2,949	$	822	$	11,389	$	15,160
	As of December 31, 2017
(dollars in thousands)	Current		Past Due Greater Than 30 Days		Nonaccrual TDRs		Total TDRs
Originated loans:
Real estate loans:
One- to four-family first mortgage	$	306	$	274	$	473	$	1,053
Home equity loans and lines		275		64		316		655
Commercial real estate		96		332		1,942		2,370
Construction and land		169		—		—		169
Multi-family residential		—		—		—		—
Total real estate loans		846		670		2,731		4,247
Other loans:
Commercial and industrial		—		—		4,581		4,581
Consumer		—		—		178		178
Total other loans		—		—		4,759		4,759
Total loans	$	846	$	670	$	7,490	$	9,006
Acquired loans:
Real estate loans:
One- to four-family first mortgage	$	214	$	3	$	59	$	276
Home equity loans and lines		—		—		91		91
Commercial real estate		—		803		—		803
Construction and land		—		—		—		—
Multi-family residential		—		—		—		—
Total real estate loans		214		806		150		1,170
Other loans:
Commercial and industrial		—		—		203		203
Consumer		—		—		—		—
Total other loans		—		—		203		203
Total loans	$	214	$	806	$	353	$	1,373

Total loans:
Real estate loans:
One- to four-family first mortgage	$	520	$	277	$	532	$	1,329
Home equity loans and lines		275		64		407		746
Commercial real estate		96		1,135		1,942		3,173
Construction and land		169		—		—		169
Multi-family residential		—		—		—		—
Total real estate loans		1,060		1,476		2,881		5,417
Other loans:
Commercial and industrial		—		—		4,784		4,784
Consumer		—		—		178		178
Total other loans		—		—		4,962		4,962
Total loans	$	1,060	$	1,476	$	7,843	$	10,379

The following table summarizes information pertaining to loans modified as of the periods indicated.

	For the Six Months Ended June 30,
	2018						2017
(dollars in thousands)	Number of Contracts		Pre- modification Outstanding Recorded Investment		Post- modification Outstanding Recorded Investment		Number of Contracts		Pre- modification Outstanding Recorded Investment		Post- modification Outstanding Recorded Investment
Troubled debt restructurings:
One- to four-family first mortgage		2	$	1,146	$	1,146		5	$	275	$	272
Home equity loans and lines		—		—		—		1		15		14
Commercial real estate		2		6,461		5,950		1		448		448
Construction and land		—		—		—		—		—		—
Multi-family residential		—		—		—		—		—		—
Commercial and industrial		2		775		713		1		1,461		1,169
Other consumer		1		8		8		2		60		57
Total		7	$	8,390	$	7,817		10	$	2,259	$	1,960

None of the performing troubled debt restructurings as of June 30, 2018 had defaulted subsequent to the restructuring through the date the financial statements were available to be issued.

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Fair Value Measurements and Disclosures

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

Fair Value Measurements and Disclosures

6. Fair Value Measurements and Disclosures

The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The Company groups assets and liabilities measured or disclosed at fair value in three levels as required by ASC 820, Fair Value Measurements and Disclosures. Under this guidance, fair value should be based on the assumptions market participants would use when pricing the asset or liability and establishes a fair value hierarchy that prioritizes the inputs used to develop those assumptions and measure fair value. The hierarchy requires companies to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels used to measure fair value are as follows:

• Level 1 – Quoted prices in active markets for identical assets or liabilities.

• Level 2 – Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

• Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

An asset’s or liability’s categorization within the fair value hierarchy is based upon the lowest level that is significant to the fair value measurement. Management reviews and updates the fair value hierarchy classifications of the Company’s assets and liabilities quarterly.

Recurring Basis

Investment Securities Available for Sale

Fair values of investment securities available for sale are primarily measured using information from a third-party pricing service. This pricing service provides pricing information by utilizing pricing models supported with market data information. Standard inputs include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, benchmark securities bids, offers and other reference data from market research publications. If quoted prices are available in an active market, investment securities are classified as Level 1 measurements. If quoted prices are not available in an active market, fair values are estimated primarily by the use of pricing models. Level 2 investment securities are primarily comprised of mortgage-backed securities issued by government agencies and U.S. government-sponsored enterprises. In certain cases, where there is limited or less transparent information provided by the Company’s third-party pricing service, fair value is estimated by the use of secondary pricing services or through the use of non-binding third-party broker quotes. Investment securities are classified within Level 3 when little or no market activity supports the fair value.

Management primarily identifies investment securities, which may have traded in illiquid or inactive markets, by identifying instances of a significant decrease in the volume and frequency of trades, relative to historical levels, as well as instances of a significant widening of the bid-ask spread in the brokered markets. Investment securities that are deemed to have been trading in illiquid or inactive markets may require the use of significant unobservable inputs. For example, management may use quoted prices for similar investment securities in the absence of a liquid and active market for the investment securities being valued. As of June 30, 2018, management did not make adjustments to prices provided by the third-party pricing service as a result of illiquid or inactive markets.

The following tables present the balances of assets measured for fair value on a recurring basis as of June 30, 2018 and December 31, 2017.

(dollars in thousands)	June 30, 2018		Level 1		Level 2		Level 3
Available for sale securities:
U.S. agency mortgage-backed	$	84,777	$	—	$	84,777	$	—
Collateralized mortgage obligations		146,564		—		146,564		—
Municipal bonds		22,441		—		22,441		—
U.S. government agency		10,477		—		10,477		—
Total	$	264,259	$	—	$	264,259	$	—

(dollars in thousands)	December 31, 2017		Level 1		Level 2		Level 3
Available for sale securities:
U.S. agency mortgage-backed	$	87,758	$	—	$	87,758	$	—
Collateralized mortgage obligations		113,735		—		113,735		—
Municipal bonds		25,521		—		25,521		—
U.S. government agency		7,980		—		7,980		—
Total	$	234,994	$	—	$	234,994	$	—

The Company did not record any liabilities at fair value for which measurement of the fair value was made on a recurring basis.

Nonrecurring Basis

In accordance with the provisions of ASC 310, Receivables, the Company records loans considered impaired at fair value. A loan is considered impaired if it is probable the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Fair value is measured at the fair value of the collateral for collateral-dependent loans. For non-collateral-dependent loans, fair value is measured by present valuing expected future cash flows. Impaired loans are classified as Level 3 assets when measured using appraisals from external parties of the collateral less any prior liens and when there is no observable market price. Repossessed assets are initially recorded at fair value less estimated costs to sell. The fair value of repossessed assets is based on property appraisals and an analysis of similar properties available. As such, the Company classifies repossessed assets as Level 3 assets.

The Company has segregated all financial assets that are measured at fair value on a nonrecurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date in the table below.

			Fair Value Measurements Using
(dollars in thousands)	June 30, 2018		Level 1		Level 2		Level 3
Assets
Impaired loans	$	1,170	$	—	$	—	$	1,170
Repossessed assets		492		—		—		492
Total	$	1,662	$	—	$	—	$	1,662

			Fair Value Measurements Using
(dollars in thousands)	December 31, 2017		Level 1		Level 2		Level 3
Assets
Impaired loans	$	1,486	$	—	$	—	$	1,486
Repossessed assets		728		—		—		728
Total	$	2,214	$	—	$	—	$	2,214

The following table shows significant observable inputs used in the fair value measurement of Level 3 assets.

(dollars in thousands)	Fair Value		Valuation Technique	Unobservable Inputs	Range of Discounts		Weighted Average Discount
As of June 30, 2018:
Impaired loans	$	1,170	Third party appraisals and discounted cash flows	Collateral discounts and discount rates		0% - 93%		34	%
Repossessed assets	$	492	Third party appraisals, sales contracts, broker price opinions	Collateral discounts and estimated costs to sell		6% - 100%		45	%

(dollars in thousands)	Fair Value		Valuation Technique	Unobservable Inputs	Range of Discounts		Weighted Average Discount
As of December 31, 2017:
Impaired loans	$	1,486	Third party appraisals and discounted cash flows	Collateral discounts and discount rates		0% - 100%		57	%
Repossessed assets	$	728	Third party appraisals, sales contracts, broker price opinions	Collateral discounts and estimated costs to sell		6% - 100%		28	%

ASC 820, Fair Value Measurements and Disclosures, requires the disclosure of each class of financial instruments for which it is practicable to estimate. The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. ASC 820 excludes certain financial instruments and all non-financial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company.

Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial statements. These estimates are subjective in nature, involve uncertainties and matters of significant judgment, and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

Fair value estimates included herein are based on existing on- and off-balance-sheet financial instruments without attempting to estimate the value of anticipated future business and the fair value of assets and liabilities that are not required to be recorded or disclosed at fair value like premises and equipment. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates.

The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value:

The carrying value of cash and cash equivalents and interest-bearing deposits in banks approximate their fair value.

The fair value for investment securities is determined from quoted market prices when available. If a quoted market price is not available, fair value is estimated using first party pricing services or quoted market prices of securities with similar characteristics.

The carrying value of mortgage loans held for sale approximates their fair value.

The fair value of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturity.

The cash surrender value of bank-owned life insurance (“BOLI”) approximates its fair value.

The fair value of customer deposits, excluding certificates of deposit, is the amount payable on demand. The fair value of fixed-maturity certificates of deposit is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities.

The fair value of short-term FHLB advances is the amount payable at maturity. The fair value of long-term FHLB advances is estimated by discounting the future cash flows using the rates currently offered for advances of similar maturities.

The following table presents estimated fair values of the Company’s financial instruments as of the dates indicated.

			Fair Value Measurements at June 30, 2018
	Carrying
(dollars in thousands)	Amount		Total		Level 1		Level 2		Level 3
Financial Assets
Cash and cash equivalents	$	80,489	$	80,489	$	80,489	$	—	$	—
Interest-bearing deposits in banks		1,429		1,429		1,429		—		—
Investment securities available for sale		264,259		264,259		—		264,259		—
Investment securities held to maturity		12,869		12,850		—		12,850		—
Mortgage loans held for sale		9,711		9,711		—		9,711		—
Loans, net		1,610,706		1,597,731		—		1,596,561		1,170
Cash surrender value of BOLI		29,228		29,228		29,228		—		—
Financial Liabilities
Deposits	$	1,788,545	$	1,785,630	$	—	$	1,785,630	$	—
Short-term FHLB advances		3,578		3,578		3,578		—		—
Long-term FHLB advances		66,396		65,272		—		65,272		—

			Fair Value Measurements at December 31, 2017
	Carrying
(dollars in thousands)	Amount		Total		Level 1		Level 2		Level 3
Financial Assets
Cash and cash equivalents	$	150,418	$	150,418	$	150,418	$	—	$	—
Interest-bearing deposits in banks		2,421		2,421		2,421		—		—
Investment securities available for sale		234,993		234,993		—		234,993		—
Investment securities held to maturity		13,034		13,055		—		13,055		—
Mortgage loans held for sale		5,873		5,873		—		5,873		—
Loans, net		1,642,987		1,642,634		—		1,641,148		1,486
Cash surrender value of BOLI		28,904		28,904		28,904		—		—
Financial Liabilities
Deposits	$	1,866,227	$	1,864,735	$	—	$	1,864,735	$	—
Short-term FHLB advances		3,642		3,642		3,642		—		—
Long-term FHLB advances		68,183		67,143		—		67,143		—

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Recent Accounting Pronouncements (Policies)

6 Months Ended

Jun. 30, 2018

Accounting Policies Abstract

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In February 2016, the FASB issued ASU 2016-02, “Conforming Amendments Related to Leases”. This ASU amends the codification regarding leases in order to increase transparency and comparability. The ASU requires companies to recognize lease assets and liabilities on the statement of condition and disclose key information about leasing arrangements. Upon implementation, lessee will recognize a liability to make lease payments and a right-of-use asset representing its right to use the leased asset for the lease term. The ASU is effective for annual and interim periods beginning after December 15, 2018. The Company is currently assessing the amendment but does not anticipate it will have a material impact on our Consolidated Financial Statements. Based on the Company’s preliminary assessment of its current leases, the impact to the Company’s consolidated balance sheet is estimated to be less than a 1% increase in assets and liabilities.

In June 2016, the FASB issued ASU 2016-13, “Measurement of Credit Losses on Financial Instruments”. The ASU requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net carrying value at the amount expected to be collected on the financial assets. The income statement reflects the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount of financial assets. An entity must use judgment in determining the relevant information and estimation methods that are appropriate in its circumstances. The allowance for credit losses for purchased financial assets with a more-than-insignificant amount of credit deterioration since origination that are measured at amortized cost basis is determined in a similar manner to other financial assets measured at amortized cost basis; however, the initial allowance for credit losses is added to the purchase price rather than being reported as a credit loss expense. Only subsequent changes in the allowance for credit losses are recorded as a credit loss expense for these assets. Off-balance-sheet arrangements such as commitments to extend credit, guarantees, and standby letters of credit that and are not unconditionally cancellable are also within the scope of this amendment. Credit losses relating to debt securities should be recorded through an allowance for credit losses. This ASU is effective for fiscal years beginning after December 31, 2019. An entity will apply the amendments in this update on a modified retrospective basis, through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The Company is currently assessing this accounting standard and the implementation of a new software application during 2018 to assist in determining the impact to our Consolidated Financial Statements. The adoption of this ASU could result in material changes in our accounting for credit losses. The extent of the impact upon adoption will depend on the characteristics of the Company’s loan portfolio and economic conditions on that date as well as forecasted conditions thereafter.

In January 2017, FASB issued ASU No. 2017-04, “Intangibles – Goodwill and Other, Simplifying the Test for Goodwill Impairment”. The amendment in this ASU eliminates the requirement to calculate the implied fair value of goodwill in order to measure a goodwill impairment charge. An entity will record an impairment charge based on the excess of the carrying amount over its fair value. This ASU is effective for fiscal and interim testing periods beginning after December 15, 2019. The Company is currently assessing the amendment and does not anticipate it will have a material impact on our Consolidated Financial Statements.

In April 2017, FASB issued ASU No. 2017-8, “Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities”. This ASU shortens the amortization period for the premium on certain purchased callable debt securities to the earliest call date. The accounting for purchased callable debt securities held at a discount does not change under the new guidance. This ASU is effective for fiscal and interim periods beginning after December 15, 2018. The Company is currently assessing the amendment and does not anticipate it will have an impact on our Consolidated Financial Statements.

ASU 2018-02, “Income Statement — Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” ASU 2018-02 was issued to address the income tax accounting treatment of the stranded tax effects within accumulated other comprehensive income as a result of tax reform. This issue came about from the enactment of the Tax Cuts and Jobs Act of 2017 on December 22, 2017 that changed the Company’s statutory income tax rate from 35% to 21%. The ASU changed current accounting whereby an entity may elect to reclassify the stranded tax effect from accumulated other comprehensive income to retained earnings. The ASU is effective for periods beginning after December 15, 2018 although early adoption is permitted. The Company adopted ASU 2018-02 in the first quarter of 2018 and reclassified its stranded tax credit of $206,000 from accumulated other comprehensive income to retained earnings.

Creditor's Determination of Whether a Restructuring is a Troubled Debt Restructuring

Troubled Debt Restructurings

During the course of its lending operations, the Company periodically grants concessions to its customers in an attempt to protect as much of its investment as possible and to minimize risk of loss. These concessions may include restructuring the terms of a customer loan to alleviate the burden of the customer’s near-term cash requirements. Loans are considered troubled debt restructurings (“TDR”) when the Company agrees to restructure a loan to a borrower who is experiencing financial difficulties in a manner that is deemed to be a “concession”. The Company defines a concession as a modification of existing terms granted to a borrower for economic or legal reasons related to the borrower’s financial difficulties that the Company would otherwise not consider. The concession either is granted through an agreement with the customer or is imposed by a court or by law. Concessions include modifying original loan terms to reduce or defer cash payments required as part of the loan agreement, including but not limited to:

• a reduction of the stated interest rate for the remaining original life of the debt,

• an extension of the maturity date or dates at an interest rate lower than the current market rate for new debt with similar risk characteristics,

• a reduction of the face amount or maturity amount of the debt, or

• a reduction of accrued interest receivable on the debt.

In its determination of whether the customer is experiencing financial difficulties, the Company considers numerous indicators, including, but not limited to:

• whether the customer is currently in default on its existing loan, or is in an economic position where it is probable the customer will be in default on its loan in the foreseeable future without a modification,

• whether the customer has declared or is in the process of declaring bankruptcy,

• whether there is substantial doubt about the customer’s ability to continue as a going concern,

• whether, based on its projections of the customer’s current capabilities, the Company believes the customer’s future cash flows will be insufficient to service the debt, including interest, in accordance with the contractual terms of the existing agreement for the foreseeable future, and

• whether, without modification, the customer cannot obtain sufficient funds from other sources at an effective interest rate equal to the current market rate for similar debt for a non-troubled debtor.

If the Company concludes that both a concession has been granted and the concession was granted to a customer experiencing financial difficulties, the Company identifies the loan as a TDR. For purposes of the determination of an allowance for loan losses on TDRs, such loans are reviewed for specific impairment in accordance with the Company’s allowance for loan loss methodology. If it is determined that losses are probable on such TDRs, either because of delinquency or other credit quality indicators, the Company specifically allocates a portion of the allowance for loan losses to these loans.

Fair Value Measurements and Disclosures

The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The Company groups assets and liabilities measured or disclosed at fair value in three levels as required by ASC 820, Fair Value Measurements and Disclosures. Under this guidance, fair value should be based on the assumptions market participants would use when pricing the asset or liability and establishes a fair value hierarchy that prioritizes the inputs used to develop those assumptions and measure fair value. The hierarchy requires companies to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels used to measure fair value are as follows:

• Level 1 – Quoted prices in active markets for identical assets or liabilities.

• Level 2 – Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

• Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

An asset’s or liability’s categorization within the fair value hierarchy is based upon the lowest level that is significant to the fair value measurement. Management reviews and updates the fair value hierarchy classifications of the Company’s assets and liabilities quarterly.

Receivables

Nonrecurring Basis

In accordance with the provisions of ASC 310, Receivables, the Company records loans considered impaired at fair value. A loan is considered impaired if it is probable the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Fair value is measured at the fair value of the collateral for collateral-dependent loans. For non-collateral-dependent loans, fair value is measured by present valuing expected future cash flows. Impaired loans are classified as Level 3 assets when measured using appraisals from external parties of the collateral less any prior liens and when there is no observable market price. Repossessed assets are initially recorded at fair value less estimated costs to sell. The fair value of repossessed assets is based on property appraisals and an analysis of similar properties available. As such, the Company classifies repossessed assets as Level 3 assets.

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Investment Securities (Tables)

6 Months Ended

Jun. 30, 2018

Investments, Debt and Equity Securities [Abstract]

Summary Information Regarding Company's Investment Securities Classified as Available for Sale and Held to Maturity

Summary information regarding the Company’s investment securities classified as available for sale and held to maturity as of June 30, 2018 and December 31, 2017 is as follows.

(dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses				Fair Value
					Less Than 1 Year		Over 1 Year
June 30, 2018
Available for sale:
U.S. agency mortgage-backed	$	85,883	$	483	$	1,122	$	467	$	84,777
Collateralized mortgage obligations		149,983		58		1,706		1,771		146,564
Municipal bonds		22,372		111		42		—		22,441
U.S. government agency		10,500		33		56		—		10,477
Total available for sale	$	268,738	$	685	$	2,926	$	2,238	$	264,259
Held to maturity:
Municipal bonds	$	12,869	$	30	$	18	$	31	$	12,850
Total held to maturity	$	12,869	$	30	$	18	$	31	$	12,850

(dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses				Fair Value
					Less Than 1 Year		Over 1 Year
December 31, 2017
Available for sale:
U.S. agency mortgage-backed	$	84,639	$	619	$	270	$	298	$	84,690
Collateralized mortgage obligations		115,435		46		671		1,075		113,735
Municipal bonds		25,362		177		17		1		25,521
U.S. government agency		11,026		42		21		—		11,047
Total available for sale	$	236,462	$	884	$	979	$	1,374	$	234,993
Held to maturity:
Municipal bonds	$	13,034	$	54	$	18	$	15	$	13,055
Total held to maturity	$	13,034	$	54	$	18	$	15	$	13,055

Amortized Cost and Estimated Fair Value by Maturity of Company's Investment Securities

The estimated fair value and amortized cost by contractual maturity of the Company’s investment securities as of June 30, 2018 are shown in the following tables. Securities are classified according to their contractual maturities without consideration of principal amortization, potential prepayments or call options. The expected maturity of a security may differ from its contractual maturity because of prepayments or the exercise of call options. Accordingly, actual maturities may differ from contractual maturities.

(dollars in thousands)	One Year or Less		After One Year through Five Years		After Five Years through Ten Years		After Ten Years		Total
Fair Value
Securities available for sale:
U.S. agency mortgage-backed	$	1,749	$	11,805	$	40,672	$	30,551	$	84,777
Collateralized mortgage obligations		—		5,806		15,863		124,895		146,564
Municipal bonds		3,609		9,021		6,968		2,843		22,441
U.S. government agency		1,002		3,962		4,051		1,462		10,477
Total securities available for sale	$	6,360	$	30,594	$	67,554	$	159,751	$	264,259
Securities held to maturity:
Municipal bonds	$	—	$	6,568	$	5,222	$	1,060	$	12,850
Total securities held to maturity	$	—	$	6,568	$	5,222	$	1,060	$	12,850

(dollars in thousands)	One Year or Less		After One Year through Five Years		After Five Years through Ten Years		After Ten Years		Total
Amortized Cost
Securities available for sale:
U.S. agency mortgage-backed	$	1,749	$	12,117	$	41,564	$	30,453	$	85,883
Collateralized mortgage obligations		—		5,848		16,208		127,927		149,983
Municipal bonds		3,593		8,981		6,942		2,856		22,372
U.S. government agency		999		3,998		4,022		1,481		10,500
Total securities available for sale	$	6,341	$	30,944	$	68,736	$	162,717	$	268,738
Securities held to maturity:
Municipal bonds	$	—	$	6,550	$	5,253	$	1,066	$	12,869
Total securities held to maturity	$	—	$	6,550	$	5,253	$	1,066	$	12,869

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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings per common share were computed based on the following:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands, except per share data)	2018		2017		2018		2017
Numerator:
Net income available to common shareholders	$	7,776	$	4,486	$	15,239	$	9,491
Denominator:
Weighted average common shares outstanding		9,048		6,972		9,030		6,954
Effect of dilutive securities:
Restricted stock		20		3		22		3
Stock options		231		259		232		264
Weighted average common shares outstanding – assuming dilution		9,299		7,234		9,284		7,221
Basic earnings per common share	$	0.86	$	0.64	$	1.69	$	1.36
Diluted earnings per common share	$	0.84	$	0.62	$	1.64	$	1.31

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Credit Quality and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2018

Receivables [Abstract]

Allowance for Loan Losses and Recorded Investment in Loans

The allowance for loan losses and recorded investment in loans as of the dates indicated are as follows.

	As of June 30, 2018
	Originated Loans
(dollars in thousands)	Collectively Evaluated for Impairment		Individually Evaluated for Impairment		Acquired Loans		Total
Allowance for loan losses:
One- to four-family first mortgage	$	1,763	$	—	$	25	$	1,788
Home equity loans and lines		701		348		71		1,120
Commercial real estate		5,173		—		209		5,382
Construction and land		1,970		—		8		1,978
Multi-family residential		423		—		111		534
Commercial and industrial		2,614		346		575		3,535
Consumer		490		—		146		636
Total allowance for loan losses	$	13,134	$	694	$	1,145	$	14,973

	As of June 30, 2018
	Originated Loans
(dollars in thousands)	Collectively Evaluated for Impairment		Individually Evaluated for Impairment		Acquired Loans(1)		Total
Loans:
One- to four-family first mortgage	$	211,485	$	—	$	246,945	$	458,430
Home equity loans and lines		53,392		896		35,942		90,230
Commercial real estate		387,348		22		217,369		604,739
Construction and land		135,072		—		45,563		180,635
Multi-family residential		33,763		—		14,158		47,921
Commercial and industrial		126,380		946		57,690		185,016
Consumer		38,338		—		20,370		58,708
Total loans	$	985,778	$	1,864	$	638,037	$	1,625,679

	As of December 31, 2017
	Originated Loans
(dollars in thousands)	Collectively Evaluated for Impairment		Individually Evaluated for Impairment		Acquired Loans		Total
Allowance for loan losses:
One- to four-family first mortgage	$	1,574	$	—	$	89	$	1,663
Home equity loans and lines		676		348		78		1,102
Commercial real estate		4,766		—		140		4,906
Construction and land		1,742		—		7		1,749
Multi-family residential		355		—		—		355
Commercial and industrial		2,721		1,625		184		4,530
Consumer		496		—		6		502
Total allowance for loan losses	$	12,330	$	1,973	$	504	$	14,807

	As of December 31, 2017
	Originated Loans
(dollars in thousands)	Collectively Evaluated for Impairment		Individually Evaluated for Impairment		Acquired Loans(1)		Total
Loans:
One- to four-family first mortgage	$	199,199	$	—	$	278,012	$	477,211
Home equity loans and lines		53,349		925		40,171		94,445
Commercial real estate		369,740		22		241,596		611,358
Construction and land		124,963		—		52,300		177,263
Multi-family residential		30,540		—		20,438		50,978
Commercial and industrial		120,818		2,512		61,954		185,284
Consumer		39,854		—		21,402		61,256
Total loans	$	938,463	$	3,459	$	715,873	$	1,657,795

(1) $11.9 million and $14.2 million in Acquired Loans were deemed to be acquired impaired loans and were accounted for under ASC 310-30 at June 30, 2018 and December 31, 2017, respectively.

Schedule of Activity in Allowance for Loan Losses

A summary of activity in the allowance for loan losses for the six months ended June 30, 2018 and June 30, 2017 follows.

	For the Six Months Ended June 30, 2018
(dollars in thousands)	Beginning Balance		Charge-offs			Recoveries		Provision			Ending Balance
Originated loans:
Allowance for loan losses:
One- to four-family first mortgage	$	1,574	$	—		$	—	$	189		$	1,763
Home equity loans and lines		1,024		—			3		23			1,049
Commercial real estate		4,766		—			—		407			5,173
Construction and land		1,742		—			—		228			1,970
Multi-family residential		355		—			—		68			423
Commercial and industrial		4,346		(1,500	)		152		(38	)		2,960
Consumer		496		(45	)		11		28			490
Total allowance for loan losses	$	14,303	$	(1,545	)		166	$	904		$	13,828
Acquired loans:
Allowance for loan losses:
One- to four-family first mortgage	$	89	$	—		$	—	$	(64	)	$	25
Home equity loans and lines		78		—			—		(7	)		71
Commercial real estate		140		—			—		69			209
Construction and land		7		—			—		1			8
Multi-family residential		—		—			—		111			111
Commercial and industrial		184		—			—		391			575
Consumer		6		—			—		140			146
Total allowance for loan losses	$	504	$	—		$	—	$	641		$	1,145
Total loans:
Allowance for loan losses:
One- to four-family first mortgage	$	1,663	$	—		$	—	$	125		$	1,788
Home equity loans and lines		1,102		—			3		15			1,120
Commercial real estate		4,906		—			—		476			5,382
Construction and land		1,749		—			—		229			1,978
Multi-family residential		355		—			—		179			534
Commercial and industrial		4,530		(1,500	)		152		353			3,535
Consumer		502		(45	)		11		168			636
Total allowance for loan losses	$	14,807	$	(1,545	)	$	166	$	1,545		$	14,973

	For the Six Months Ended June 30, 2017
(dollars in thousands)	Beginning Balance		Charge-offs			Recoveries		Provision			Ending Balance
Originated loans:
Allowance for loan losses:
One- to four-family first mortgage	$	1,436	$	—		$	—	$	67		$	1,503
Home equity loans and lines		654		(10	)		16		369			1,029
Commercial real estate		4,177		—			—		270			4,447
Construction and land		1,763		—			—		(223	)		1,540
Multi-family residential		361		—			—		12			373
Commercial and industrial		3,316		(58	)		113		(21	)		3,350
Consumer		513		(23	)		4		(9	)		485
Total allowance for loan losses	$	12,220	$	(91	)	$	133	$	465		$	12,727
Acquired loans:
Allowance for loan losses:
One- to four-family first mortgage	$	75	$	—		$	—	$	(16	)	$	59
Home equity loans and lines		74		—			—		(12	)		62
Commercial real estate		—		—			—		—			—
Construction and land		19		—			—		(12	)		7
Multi-family residential		—		—			—		—			—
Commercial and industrial		123		—			—		30			153
Consumer		—		—			—		2			2
Total allowance for loan losses	$	291	$	—		$	—	$	(8	)	$	283
Total loans:
Allowance for loan losses:
One- to four-family first mortgage	$	1,511	$	—		$	—	$	51		$	1,562
Home equity loans and lines		728		(10	)		16		357			1,091
Commercial real estate		4,177		—			—		270			4,447
Construction and land		1,782		—			—		(235	)		1,547
Multi-family residential		361		—			—		12			373
Commercial and industrial		3,439		(58	)		113		9			3,503
Consumer		513		(23	)		4		(7	)		487
Total allowance for loan losses	$	12,511	$	(91	)	$	133	$	457		$	13,010

Schedule of Loan Portfolio by Credit Quality Classification

The following tables present the Company’s loan portfolio by credit quality classification as of the dates indicated.

	June 30, 2018
(dollars in thousands)	Pass		Special Mention		Substandard		Doubtful		Total
Originated loans:
One- to four-family first mortgage	$	206,903	$	1,625	$	2,957	$	—	$	211,485
Home equity loans and lines		52,549		—		1,739		—		54,288
Commercial real estate		374,122		4,590		8,658		—		387,370
Construction and land		132,756		1,136		1,180		—		135,072
Multi-family residential		33,763		—		—		—		33,763
Commercial and industrial		113,521		6,730		7,075		—		127,326
Consumer		38,033		144		161		—		38,338
Total originated loans	$	951,647	$	14,225	$	21,770	$	—	$	987,642

Acquired loans:
One- to four-family first mortgage	$	239,509	$	1,746	$	5,690	$	—	$	246,945
Home equity loans and lines		35,438		322		182		—		35,942
Commercial real estate		196,435		10,868		10,066		—		217,369
Construction and land		43,569		1,386		608		—		45,563
Multi-family residential		13,300		598		260		—		14,158
Commercial and industrial		53,194		1,989		2,507		—		57,690
Consumer		19,773		312		285		—		20,370
Total acquired loans	$	601,218	$	17,221	$	19,598	$	—	$	638,037
Total loans:
One- to four-family first mortgage	$	446,412	$	3,371	$	8,647	$	—	$	458,430
Home equity loans and lines		87,987		322		1,921		—		90,230
Commercial real estate		570,557		15,458		18,724		—		604,739
Construction and land		176,325		2,522		1,788		—		180,635
Multi-family residential		47,063		598		260		—		47,921
Commercial and industrial		166,715		8,719		9,582		—		185,016
Consumer		57,806		456		446		—		58,708
Total loans	$	1,552,865	$	31,446	$	41,368	$	—	$	1,625,679
	December 31, 2017
(dollars in thousands)	Pass		Special Mention		Substandard		Doubtful		Total
Originated loans:
One- to four-family first mortgage	$	196,203	$	990	$	2,006	$	—	$	199,199
Home equity loans and lines		52,492		283		1,499		—		54,274
Commercial real estate		356,020		5,080		8,662		—		369,762
Construction and land		122,076		2,043		844		—		124,963
Multi-family residential		30,540		—		—		—		30,540
Commercial and industrial		105,097		4,640		13,593		—		123,330
Consumer		39,335		120		399		—		39,854
Total originated loans	$	901,763	$	13,156	$	27,003	$	—	$	941,922
Acquired loans:
One- to four-family first mortgage	$	269,144	$	2,825	$	6,043	$	—	$	278,012
Home equity loans and lines		39,603		307		261		—		40,171
Commercial real estate		218,234		12,522		10,840		—		241,596
Construction and land		48,748		3,056		496		—		52,300
Multi-family residential		19,644		636		158		—		20,438
Commercial and industrial		56,635		2,998		2,321		—		61,954
Consumer		21,172		69		161		—		21,402
Total acquired loans	$	673,180	$	22,413	$	20,280	$	—	$	715,873
Total loans:
One- to four-family first mortgage	$	465,347	$	3,815	$	8,049	$	—	$	477,211
Home equity loans and lines		92,095		590		1,760		—		94,445
Commercial real estate		574,254		17,602		19,502		—		611,358
Construction and land		170,824		5,099		1,340		—		177,263
Multi-family residential		50,184		636		158		—		50,978
Commercial and industrial		161,732		7,638		15,914		—		185,284
Consumer		60,507		189		560		—		61,256
Total loans	$	1,574,943	$	35,569	$	47,283	$	—	$	1,657,795

Schedule of Past Due Loans

Age analysis of past due loans as of the dates indicated are as follows.

	June 30, 2018
(dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days Past Due		Total Past Due		Current Loans		Total Loans
Originated loans:
Real estate loans:
One- to four-family first mortgage	$	1,790	$	377	$	561	$	2,728	$	208,757	$	211,485
Home equity loans and lines		116		46		69		231		54,057		54,288
Commercial real estate		765		167		142		1,074		386,296		387,370
Construction and land		467		35		—		502		134,570		135,072
Multi-family residential		—		—		—		—		33,763		33,763
Total real estate loans		3,138		625		772		4,535		817,443		821,978
Other loans:
Commercial and industrial		144		124		257		525		126,801		127,326
Consumer		160		35		63		258		38,080		38,338
Total other loans		304		159		320		783		164,881		165,664
Total originated loans	$	3,442	$	784	$	1,092	$	5,318	$	982,324	$	987,642
Acquired loans:
Real estate loans:
One- to four-family first mortgage	$	4,101	$	837	$	2,958	$	7,896	$	239,049	$	246,945
Home equity loans and lines		145		101		76		322		35,620		35,942
Commercial real estate		751		765		1,092		2,608		214,761		217,369
Construction and land		659		12		363		1,034		44,529		45,563
Multi-family residential		—		—		—		—		14,158		14,158
Total real estate loans		5,656		1,715		4,489		11,860		548,117		559,977
Other loans:
Commercial and industrial		79		257		747		1,083		56,607		57,690
Consumer		472		63		165		700		19,670		20,370
Total other loans		551		320		912		1,783		76,277		78,060
Total acquired loans	$	6,207	$	2,035	$	5,401	$	13,643	$	624,394	$	638,037

Total loans:
Real estate loans:
One- to four-family first mortgage	$	5,891	$	1,214	$	3,519	$	10,624	$	447,806	$	458,430
Home equity loans and lines		261		147		145		553		89,677		90,230
Commercial real estate		1,516		932		1,234		3,682		601,057		604,739
Construction and land		1,126		47		363		1,536		179,099		180,635
Multi-family residential		—		—		—		—		47,921		47,921
Total real estate loans		8,794		2,340		5,261		16,395		1,365,560		1,381,955
Other loans:
Commercial and industrial		223		381		1,004		1,608		183,408		185,016
Consumer		632		98		228		958		57,750		58,708
Total other loans		855		479		1,232		2,566		241,158		243,724
Total loans	$	9,649	$	2,819	$	6,493	$	18,961	$	1,606,718	$	1,625,679

	December 31, 2017
(dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days Past Due		Total Past Due		Current Loans		Total Loans
Originated loans:
Real estate loans:
One- to four-family first mortgage	$	837	$	131	$	44	$	1,012	$	198,187	$	199,199
Home equity loans and lines		1,018		—		26		1,044		53,230		54,274
Commercial real estate		670		—		—		670		369,092		369,762
Construction and land		744		—		200		944		124,019		124,963
Multi-family residential		—		—		—		—		30,540		30,540
Total real estate loans		3,269		131		270		3,670		775,068		778,738
Other loans:
Commercial and industrial		882		825		1,641		3,348		119,982		123,330
Consumer		380		9		278		667		39,187		39,854
Total other loans		1,262		834		1,919		4,015		159,169		163,184
Total originated loans	$	4,531	$	965	$	2,189	$	7,685	$	934,237	$	941,922
Acquired loans:
Real estate loans:
One- to four-family first mortgage	$	3,867	$	2,087	$	2,816	$	8,770	$	269,242	$	278,012
Home equity loans and lines		137		61		46		244		39,927		40,171
Commercial real estate		5,071		436		1,864		7,371		234,225		241,596
Construction and land		2,089		159		239		2,487		49,813		52,300
Multi-family residential		—		—		—		—		20,438		20,438
Total real estate loans		11,164		2,743		4,965		18,872		613,645		632,517
Other loans:
Commercial and industrial		809		678		185		1,672		60,282		61,954
Consumer		329		152		95		576		20,826		21,402
Total other loans		1,138		830		280		2,248		81,108		83,356
Total acquired loans	$	12,302	$	3,573	$	5,245	$	21,120	$	694,753	$	715,873

Total loans:
Real estate loans:
One- to four-family first mortgage	$	4,704	$	2,218	$	2,860	$	9,782	$	467,429	$	477,211
Home equity loans and lines		1,155		61		72		1,288		93,157		94,445
Commercial real estate		5,741		436		1,864		8,041		603,317		611,358
Construction and land		2,833		159		439		3,431		173,832		177,263
Multi-family residential		—		—		—		—		50,978		50,978
Total real estate loans		14,433		2,874		5,235		22,542		1,388,713		1,411,255
Other loans:
Commercial and industrial		1,691		1,503		1,826		5,020		180,264		185,284
Consumer		709		161		373		1,243		60,013		61,256
Total other loans		2,400		1,664		2,199		6,263		240,277		246,540
Total loans	$	16,833	$	4,538	$	7,434	$	28,805	$	1,628,990	$	1,657,795

Summary of Accretable Yield on Loans Accounted for under ASC 310-30

The following table summarizes the accretable yield on loans accounted for under ASC 310-30 as of the dates indicated.

	For the Six Months Ended
(dollars in thousands)	June 30, 2018			June 30, 2017
Balance at beginning of period	$	(9,303	)	$	(11,091	)
Accretion		1,222			1,746
Transfers from nonaccretable difference to accretable yield		(1,880	)		(1,538	)
Balance at end of period	$	(9,961	)	$	(10,883	)

Summary of Information Pertaining to Originated Loans Which were Deemed to be Impaired Loans

The following table summarizes information pertaining to Originated Loans, which were deemed impaired loans as of the dates indicated.

	For the Period Ended June 30, 2018
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
One- to four-family first mortgage	$	—	$	—	$	—	$	—	$	—
Home equity loans and lines		455		476		—		461		—
Commercial real estate		22		23		—		22		—
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		413		607		—		357		—
Consumer		—		—		—		—		—
Total	$	890	$	1,106	$	—	$	840	$	—
With an allowance recorded:
One- to four-family first mortgage	$	—	$	—	$	—	$	—	$	—
Home equity loans and lines		441		460		348		446		—
Commercial real estate		—		—		—		—		—
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		533		554		346		1,161		1
Consumer		—		—		—		—		—
Total	$	974	$	1,014	$	694	$	1,607	$	1

Total impaired loans:
One- to four-family first mortgage	$	—	$	—	$	—	$	—	$	—
Home equity loans and lines		896		936		348		907		—
Commercial real estate		22		23		—		22		—
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		946		1,161		346		1,518		1
Consumer		—		—		—		—		—
Total	$	1,864	$	2,120	$	694	$	2,447	$	1
	For the Period Ended December 31, 2017
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
One- to four-family first mortgage	$	—	$	—	$	—	$	—	$	—
Home equity loans and lines		470		476		—		395		1
Commercial real estate		22		32		—		19		—
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		428		434		—		2,849		2
Consumer		—		—		—		—		—
Total	$	920	$	942	$	—	$	3,263	$	3
With an allowance recorded:
One- to four-family first mortgage	$	—	$	—	$	—	$	42	$	—
Home equity loans and lines		455		461		348		383		1
Commercial real estate		—		—		—		296		—
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		2,084		2,157		1,625		1,985		52
Consumer		—		—		—		—		—
Total	$	2,539	$	2,618	$	1,973	$	2,706	$	53
Total impaired loans:
One- to four-family first mortgage	$	—	$	—	$	—	$	42	$	—
Home equity loans and lines		925		937		348		778		2
Commercial real estate		22		32		—		315		—
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		2,512		2,591		1,625		4,834		54
Consumer		—		—		—		—		—
Total	$	3,459	$	3,560	$	1,973	$	5,969	$	56

	For the Period Ended June 30, 2017
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
One- to four-family first mortgage	$	—	$	—	$	—	$	—	$	—
Home equity loans and lines		476		476		—		317		12
Commercial real estate		22		23		—		15		1
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		3,203		3,336		—		3,359		95
Consumer		—		—		—		—		—
Total	$	3,701	$	3,835	$	—	$	3,691	$	108
With an allowance recorded:
One- to four-family first mortgage	$	—	$	—	$	—	$	83	$	—
Home equity loans and lines		461		461		348		307		11
Commercial real estate		435		470		6		448		10
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		2,083		2,170		934		1,967		56
Consumer		—		—		—		—		—
Total	$	2,979	$	3,101	$	1,288	$	2,805	$	77
Total impaired loans:
One- to four-family first mortgage	$	—	$	—	$	—	$	83	$	—
Home equity loans and lines		937		937		348		624		23
Commercial real estate		457		493		6		463		11
Construction and land		—		—		—		—		—
Multi-family residential		—		—		—		—		—
Commercial and industrial		5,286		5,506		934		5,326		151
Consumer		—		—		—		—		—
Total	$	6,680	$	6,936	$	1,288	$	6,496	$	185

Summary of Information Pertaining to Nonaccrual Noncovered Loans

The following table summarizes information pertaining to nonaccrual loans as of dates indicated.

	June 30, 2018						December 31, 2017
(dollars in thousands)	Originated		Acquired(1)		Total		Originated		Acquired(1)		Total
Nonaccrual loans:
One- to four-family first mortgage	$	2,957	$	1,544	$	4,501	$	2,006	$	1,167	$	3,173
Home equity loans and lines		1,678		157		1,835		1,434		108		1,542
Commercial real estate		8,659		463		9,122		8,662		95		8,757
Construction and land		6		379		385		200		249		449
Multi-family residential		—		—		—		—		—		—
Commercial and industrial		5,087		883		5,970		9,678		932		10,610
Consumer		161		270		431		399		103		502
Total	$	18,548	$	3,696	$	22,244	$	22,379	$	2,654	$	25,033

⁽¹⁾ Table excludes Acquired Loans which were being accounted for under ASC 310-30 because they continue to earn interest from accretable yield regardless of their status as past due or otherwise not in compliance with their contractual terms. Acquired Loans with deteriorated credit quality, which were being accounting for under ASC 310-30 and which were 90 days or more past due totaled $2.7 million and $4.3 million as of June 30, 2018 and December 31, 2017, respectively.

Information about the Company's TDRs

Information about the Company’s TDRs is presented in the following tables.

	As of June 30, 2018
(dollars in thousands)	Current		Past Due Greater Than 30 Days		Nonaccrual TDRs		Total TDRs
Originated loans:
Real estate loans:
One- to four-family first mortgage	$	221	$	—	$	1,867	$	2,088
Home equity loans and lines		—		61		556		617
Commercial real estate		119		—		7,342		7,461
Construction and land		153		—		—		153
Multi-family residential		—		—		—		—
Total real estate loans		493		61		9,765		10,319
Other loans:
Commercial and industrial		2,163		—		578		2,741
Consumer		—		—		98		98
Total other loans		2,163		—		676		2,839
Total loans	$	2,656	$	61	$	10,441	$	13,158
Acquired loans:
Real estate loans:
One- to four-family first mortgage	$	208	$	—	$	54	$	262
Home equity loans and lines		—		—		70		70
Commercial real estate		—		761		—		761
Construction and land		—		—		—		—
Multi-family residential		—		—		—		—
Total real estate loans		208		761		124		1,093
Other loans:
Commercial and industrial		77		—		824		901
Consumer		8		—		—		8
Total other loans		85		—		824		909
Total loans	$	293	$	761	$	948	$	2,002

Total loans:
Real estate loans:
One- to four-family first mortgage	$	429	$	—	$	1,921	$	2,350
Home equity loans and lines		—		61		626		687
Commercial real estate		119		761		7,342		8,222
Construction and land		153		—		—		153
Multi-family residential		—		—		—		—
Total real estate loans		701		822		9,889		11,412
Other loans:
Commercial and industrial		2,240		—		1,402		3,642
Consumer		8		—		98		106
Total other loans		2,248		—		1,500		3,748
Total loans	$	2,949	$	822	$	11,389	$	15,160
	As of December 31, 2017
(dollars in thousands)	Current		Past Due Greater Than 30 Days		Nonaccrual TDRs		Total TDRs
Originated loans:
Real estate loans:
One- to four-family first mortgage	$	306	$	274	$	473	$	1,053
Home equity loans and lines		275		64		316		655
Commercial real estate		96		332		1,942		2,370
Construction and land		169		—		—		169
Multi-family residential		—		—		—		—
Total real estate loans		846		670		2,731		4,247
Other loans:
Commercial and industrial		—		—		4,581		4,581
Consumer		—		—		178		178
Total other loans		—		—		4,759		4,759
Total loans	$	846	$	670	$	7,490	$	9,006
Acquired loans:
Real estate loans:
One- to four-family first mortgage	$	214	$	3	$	59	$	276
Home equity loans and lines		—		—		91		91
Commercial real estate		—		803		—		803
Construction and land		—		—		—		—
Multi-family residential		—		—		—		—
Total real estate loans		214		806		150		1,170
Other loans:
Commercial and industrial		—		—		203		203
Consumer		—		—		—		—
Total other loans		—		—		203		203
Total loans	$	214	$	806	$	353	$	1,373

Total loans:
Real estate loans:
One- to four-family first mortgage	$	520	$	277	$	532	$	1,329
Home equity loans and lines		275		64		407		746
Commercial real estate		96		1,135		1,942		3,173
Construction and land		169		—		—		169
Multi-family residential		—		—		—		—
Total real estate loans		1,060		1,476		2,881		5,417
Other loans:
Commercial and industrial		—		—		4,784		4,784
Consumer		—		—		178		178
Total other loans		—		—		4,962		4,962
Total loans	$	1,060	$	1,476	$	7,843	$	10,379

Summary of Information Pertaining to Loans Modified

The following table summarizes information pertaining to loans modified as of the periods indicated.

	For the Six Months Ended June 30,
	2018						2017
(dollars in thousands)	Number of Contracts		Pre- modification Outstanding Recorded Investment		Post- modification Outstanding Recorded Investment		Number of Contracts		Pre- modification Outstanding Recorded Investment		Post- modification Outstanding Recorded Investment
Troubled debt restructurings:
One- to four-family first mortgage		2	$	1,146	$	1,146		5	$	275	$	272
Home equity loans and lines		—		—		—		1		15		14
Commercial real estate		2		6,461		5,950		1		448		448
Construction and land		—		—		—		—		—		—
Multi-family residential		—		—		—		—		—		—
Commercial and industrial		2		775		713		1		1,461		1,169
Other consumer		1		8		8		2		60		57
Total		7	$	8,390	$	7,817		10	$	2,259	$	1,960

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Fair Value Measurements and Disclosures (Tables)

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

Summary of Assets Measured on Recurring Basis

The following tables present the balances of assets measured for fair value on a recurring basis as of June 30, 2018 and December 31, 2017.

(dollars in thousands)	June 30, 2018		Level 1		Level 2		Level 3
Available for sale securities:
U.S. agency mortgage-backed	$	84,777	$	—	$	84,777	$	—
Collateralized mortgage obligations		146,564		—		146,564		—
Municipal bonds		22,441		—		22,441		—
U.S. government agency		10,477		—		10,477		—
Total	$	264,259	$	—	$	264,259	$	—

(dollars in thousands)	December 31, 2017		Level 1		Level 2		Level 3
Available for sale securities:
U.S. agency mortgage-backed	$	87,758	$	—	$	87,758	$	—
Collateralized mortgage obligations		113,735		—		113,735		—
Municipal bonds		25,521		—		25,521		—
U.S. government agency		7,980		—		7,980		—
Total	$	234,994	$	—	$	234,994	$	—

Summary of Financial Assets Measured at Fair Value on Nonrecurring Basis

The Company has segregated all financial assets that are measured at fair value on a nonrecurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date in the table below.

			Fair Value Measurements Using
(dollars in thousands)	June 30, 2018		Level 1		Level 2		Level 3
Assets
Impaired loans	$	1,170	$	—	$	—	$	1,170
Repossessed assets		492		—		—		492
Total	$	1,662	$	—	$	—	$	1,662

			Fair Value Measurements Using
(dollars in thousands)	December 31, 2017		Level 1		Level 2		Level 3
Assets
Impaired loans	$	1,486	$	—	$	—	$	1,486
Repossessed assets		728		—		—		728
Total	$	2,214	$	—	$	—	$	2,214

Schedule of Significant Observable Inputs Used in Fair Value Measurement of Level 3 Assets

The following table shows significant observable inputs used in the fair value measurement of Level 3 assets.

(dollars in thousands)	Fair Value		Valuation Technique	Unobservable Inputs	Range of Discounts		Weighted Average Discount
As of June 30, 2018:
Impaired loans	$	1,170	Third party appraisals and discounted cash flows	Collateral discounts and discount rates		0% - 93%		34	%
Repossessed assets	$	492	Third party appraisals, sales contracts, broker price opinions	Collateral discounts and estimated costs to sell		6% - 100%		45	%

(dollars in thousands)	Fair Value		Valuation Technique	Unobservable Inputs	Range of Discounts		Weighted Average Discount
As of December 31, 2017:
Impaired loans	$	1,486	Third party appraisals and discounted cash flows	Collateral discounts and discount rates		0% - 100%		57	%
Repossessed assets	$	728	Third party appraisals, sales contracts, broker price opinions	Collateral discounts and estimated costs to sell		6% - 100%		28	%

Summary of Fair Values of Company's Financial Instruments

The following table presents estimated fair values of the Company’s financial instruments as of the dates indicated.

			Fair Value Measurements at June 30, 2018
	Carrying
(dollars in thousands)	Amount		Total		Level 1		Level 2		Level 3
Financial Assets
Cash and cash equivalents	$	80,489	$	80,489	$	80,489	$	—	$	—
Interest-bearing deposits in banks		1,429		1,429		1,429		—		—
Investment securities available for sale		264,259		264,259		—		264,259		—
Investment securities held to maturity		12,869		12,850		—		12,850		—
Mortgage loans held for sale		9,711		9,711		—		9,711		—
Loans, net		1,610,706		1,597,731		—		1,596,561		1,170
Cash surrender value of BOLI		29,228		29,228		29,228		—		—
Financial Liabilities
Deposits	$	1,788,545	$	1,785,630	$	—	$	1,785,630	$	—
Short-term FHLB advances		3,578		3,578		3,578		—		—
Long-term FHLB advances		66,396		65,272		—		65,272		—

			Fair Value Measurements at December 31, 2017
	Carrying
(dollars in thousands)	Amount		Total		Level 1		Level 2		Level 3
Financial Assets
Cash and cash equivalents	$	150,418	$	150,418	$	150,418	$	—	$	—
Interest-bearing deposits in banks		2,421		2,421		2,421		—		—
Investment securities available for sale		234,993		234,993		—		234,993		—
Investment securities held to maturity		13,034		13,055		—		13,055		—
Mortgage loans held for sale		5,873		5,873		—		5,873		—
Loans, net		1,642,987		1,642,634		—		1,641,148		1,486
Cash surrender value of BOLI		28,904		28,904		28,904		—		—
Financial Liabilities
Deposits	$	1,866,227	$	1,864,735	$	—	$	1,864,735	$	—
Short-term FHLB advances		3,642		3,642		3,642		—		—
Long-term FHLB advances		68,183		67,143		—		67,143		—

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Recent Accounting Pronouncements - Additional Information (Detail) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Statutory tax rate			35.00%
New Accounting Pronouncement, Early Adoption, Reduction [Member] | ASU 2018-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Tax Cuts and Jobs Act of 2017, Reclassification from accumulated other comprehensive income to retained earnings	$ 206,000
Scenario, Forecast [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Statutory tax rate		21.00%
Maximum [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of increase in assets and liabilities	1.00%

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Investment Securities - Summary Information Regarding Investment Securities Classified as Available for Sale and Held to Maturity (Detail) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Available for sale, Amortized Cost	$ 268,738,000	$ 236,462,000
Available for sale, Gross Unrealized Gains	685,000	884,000
Available for sale, Gross Unrealized Losses, Less Than 1 Year	2,926,000	979,000
Available for sale, Gross Unrealized Losses, Over 1 Year	2,238,000	1,374,000
Total available for sale, Fair Value	264,258,591	234,993,436
Held to maturity, Amortized Cost	12,869,388	13,033,590
Held to maturity, Gross Unrealized Gains	30,000	54,000
Held to maturity, Gross Unrealized Losses, Less Than 1 Year	18,000	18,000
Held to maturity, Gross Unrealized Losses, Over 1 Year	31,000	15,000
Total held to maturity, Fair Value	12,849,714	13,055,073
Municipal Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Available for sale, Amortized Cost	22,372,000	25,362,000
Available for sale, Gross Unrealized Gains	111,000	177,000
Available for sale, Gross Unrealized Losses, Less Than 1 Year	42,000	17,000
Available for sale, Gross Unrealized Losses, Over 1 Year		1,000
Total available for sale, Fair Value	22,441,000	25,521,000
Held to maturity, Amortized Cost	12,869,000	13,034,000
Held to maturity, Gross Unrealized Gains	30,000	54,000
Held to maturity, Gross Unrealized Losses, Less Than 1 Year	18,000	18,000
Held to maturity, Gross Unrealized Losses, Over 1 Year	31,000	15,000
Total held to maturity, Fair Value	12,850,000	13,055,000
U.S. Agency Mortgage-Backed [Member]
Debt Securities, Available-for-sale [Line Items]
Available for sale, Amortized Cost	85,883,000	84,639,000
Available for sale, Gross Unrealized Gains	483,000	619,000
Available for sale, Gross Unrealized Losses, Less Than 1 Year	1,122,000	270,000
Available for sale, Gross Unrealized Losses, Over 1 Year	467,000	298,000
Total available for sale, Fair Value	84,777,000	84,690,000
Collateralized Mortgage Obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Available for sale, Amortized Cost	149,983,000	115,435,000
Available for sale, Gross Unrealized Gains	58,000	46,000
Available for sale, Gross Unrealized Losses, Less Than 1 Year	1,706,000	671,000
Available for sale, Gross Unrealized Losses, Over 1 Year	1,771,000	1,075,000
Total available for sale, Fair Value	146,564,000	113,735,000
U.S. Government Agency [Member]
Debt Securities, Available-for-sale [Line Items]
Available for sale, Amortized Cost	10,500,000	11,026,000
Available for sale, Gross Unrealized Gains	33,000	42,000
Available for sale, Gross Unrealized Losses, Less Than 1 Year	56,000	21,000
Total available for sale, Fair Value	$ 10,477,000	$ 11,047,000

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Investment Securities - Amortized Cost and Estimated Fair Value by Maturity of Company's Investment Securities (Detail) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Debt and Equity Securities, FV-NI [Line Items]
Securities available for sale, One Year or Less, Fair Value	$ 6,360,000
Securities available for sale, One Year to Five Years, Fair Value	30,594,000
Securities available for sale, Five to Ten Years, Fair Value	67,554,000
Securities available for sale, Over Ten Years, Fair Value	159,751,000
Total available for sale, Fair Value	264,258,591	$ 234,993,436
Total held to maturity, Fair Value	12,849,714	13,055,073
Investment securities, One Year or Less, Fair Value	0
Investment securities, One Year to Five Years, Fair Value	6,568,000
Investment securities, Five to Ten Years, Fair Value	5,222,000
Investment securities, Over Ten Years, Fair Value	1,060,000
Total investment securities, Fair Value	12,850,000
Securities available for sale, Amortized Cost, One Year or Less	6,341,000
Securities available for sale, Amortized Cost, One Year to Five Years	30,944,000
Securities available for sale, Amortized Cost, Five to Ten Years	68,736,000
Securities available for sale, Amortized Cost, Over Ten Years	162,717,000
Available for sale, Amortized Cost	268,738,000	236,462,000
Held to maturity, Amortized Cost	12,869,388	13,033,590
Investment securities, Amortized Cost, One Year or Less	0
Investment securities, Amortized Cost, One Year to Five Years	6,550,000
Investment securities, Amortized Cost, Five to Ten Years	5,253,000
Investment securities, Amortized Cost, Over Ten Years	1,066,000
Total investment securities, Amortized Cost	12,869,000
Municipal Bonds [Member]
Debt and Equity Securities, FV-NI [Line Items]
Securities available for sale, One Year or Less, Fair Value	3,609,000
Securities available for sale, One Year to Five Years, Fair Value	9,021,000
Securities available for sale, Five to Ten Years, Fair Value	6,968,000
Securities available for sale, Over Ten Years, Fair Value	2,843,000
Total available for sale, Fair Value	22,441,000	25,521,000
Securities held to maturity, One Year or Less, Fair Value	0
Securities held to maturity, One Year to Five Years, Fair Value	6,568,000
Securities held to maturity, Five to Ten Years, Fair Value	5,222,000
Securities held to maturity, Over Ten Years, Fair Value	1,060,000
Total held to maturity, Fair Value	12,850,000	13,055,000
Securities available for sale, Amortized Cost, One Year or Less	3,593,000
Securities available for sale, Amortized Cost, One Year to Five Years	8,981,000
Securities available for sale, Amortized Cost, Five to Ten Years	6,942,000
Securities available for sale, Amortized Cost, Over Ten Years	2,856,000
Available for sale, Amortized Cost	22,372,000	25,362,000
Securities held to maturity, Amortized Cost, One Year or Less	0
Securities held to maturity, Amortized Cost, One Year to Five Years	6,550,000
Securities held to maturity, Amortized Cost, Five to Ten Years	5,253,000
Securities held to maturity, Amortized Cost, Over Ten Years	1,066,000
Held to maturity, Amortized Cost	12,869,000	13,034,000
U.S. Agency Mortgage-Backed [Member]
Debt and Equity Securities, FV-NI [Line Items]
Securities available for sale, One Year or Less, Fair Value	1,749,000
Securities available for sale, One Year to Five Years, Fair Value	11,805,000
Securities available for sale, Five to Ten Years, Fair Value	40,672,000
Securities available for sale, Over Ten Years, Fair Value	30,551,000
Total available for sale, Fair Value	84,777,000	84,690,000
Securities available for sale, Amortized Cost, One Year or Less	1,749,000
Securities available for sale, Amortized Cost, One Year to Five Years	12,117,000
Securities available for sale, Amortized Cost, Five to Ten Years	41,564,000
Securities available for sale, Amortized Cost, Over Ten Years	30,453,000
Available for sale, Amortized Cost	85,883,000	84,639,000
Collateralized Mortgage Obligations [Member]
Debt and Equity Securities, FV-NI [Line Items]
Securities available for sale, One Year to Five Years, Fair Value	5,806,000
Securities available for sale, Five to Ten Years, Fair Value	15,863,000
Securities available for sale, Over Ten Years, Fair Value	124,895,000
Total available for sale, Fair Value	146,564,000	113,735,000
Securities available for sale, Amortized Cost, One Year to Five Years	5,848,000
Securities available for sale, Amortized Cost, Five to Ten Years	16,208,000
Securities available for sale, Amortized Cost, Over Ten Years	127,927,000
Available for sale, Amortized Cost	149,983,000	115,435,000
U.S. Government Agency [Member]
Debt and Equity Securities, FV-NI [Line Items]
Securities available for sale, One Year or Less, Fair Value	1,002,000
Securities available for sale, One Year to Five Years, Fair Value	3,962,000
Securities available for sale, Five to Ten Years, Fair Value	4,051,000
Securities available for sale, Over Ten Years, Fair Value	1,462,000
Total available for sale, Fair Value	10,477,000	11,047,000
Securities available for sale, Amortized Cost, One Year or Less	999,000
Securities available for sale, Amortized Cost, One Year to Five Years	3,998,000
Securities available for sale, Amortized Cost, Five to Ten Years	4,022,000
Securities available for sale, Amortized Cost, Over Ten Years	1,481,000
Available for sale, Amortized Cost	$ 10,500,000	$ 11,026,000

XML

Investment Securities - Additional Information (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2018 USD ($) Securities	Dec. 31, 2017 USD ($)
Investments, Debt and Equity Securities [Abstract]
Number of securities with unrealized loss | Securities	155
Percentage of gross unrealized loss	2.40%
Percentage of amortized investment securities portfolio	1.90%
Number of securities in continuous loss position | Securities	41
Loss duration	12 months
Unrealized loss on debt securities	$ 2,300
Amortized cost on debt securities in continuous loss	58,000
Securities pledged to secure public deposits	$ 157,479	$ 121,984

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Earnings Per Share - Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Numerator:
Net income available to common shareholders	$ 7,775,750	$ 4,485,797	$ 15,239,297	$ 9,491,498
Denominator:
Weighted average common shares outstanding	9,048	6,972	9,030	6,954
Effect of dilutive securities:
Weighted average common shares outstanding-assuming dilution	9,299	7,234	9,284	7,221
Basic earnings per common share	$ 0.86	$ 0.64	$ 1.69	$ 1.36
Diluted earnings per common share	$ 0.84	$ 0.62	$ 1.64	$ 1.31
Restricted Stock [Member]
Effect of dilutive securities:
Restricted stock / Stock options	20	3	22	3
Stock Options [Member]
Effect of dilutive securities:
Restricted stock / Stock options	231	259	232	264

XML

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share [Abstract]
Number of options and common stock not included in computing diluted earnings per share	19,172	62,196	9,808	52,761

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Credit Quality and Allowance for Loan Losses - Allowance for Loan Losses and Recorded Investment in Loans (Detail) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	$ 14,972,574	$ 14,807,278
Recorded investment in loans	1,625,679,017	1,657,794,751
One- to Four-Family First Mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	1,788,000	1,663,000
Recorded investment in loans	458,430,000	477,211,000
Home Equity Loans and Lines [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	1,120,000	1,102,000
Recorded investment in loans	90,230,000	94,445,000
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	5,382,000	4,906,000
Recorded investment in loans	604,739,000	611,358,000
Construction and Land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	1,978,000	1,749,000
Recorded investment in loans	180,635,000	177,263,000
Multi-Family Residential [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	534,000	355,000
Recorded investment in loans	47,921,000	50,978,000
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	3,535,000	4,530,000
Recorded investment in loans	185,016,000	185,284,000
Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	636,000	502,000
Recorded investment in loans	58,708,000	61,256,000
Originated Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment, Allowance for loan losses	13,134,000	12,330,000
Individually evaluated for impairment, Allowance for loan losses	694,000	1,973,000
Collectively evaluated for impairment, Recorded investment in loans	985,778,000	938,463,000
Individually evaluated for impairment, Recorded investment in loans	1,864,000	3,459,000
Recorded investment in loans	987,642,000	941,922,000
Originated Loans [Member] | One- to Four-Family First Mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment, Allowance for loan losses	1,763,000	1,574,000
Collectively evaluated for impairment, Recorded investment in loans	211,485,000	199,199,000
Recorded investment in loans	211,485,000	199,199,000
Originated Loans [Member] | Home Equity Loans and Lines [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment, Allowance for loan losses	701,000	676,000
Individually evaluated for impairment, Allowance for loan losses	348,000	348,000
Collectively evaluated for impairment, Recorded investment in loans	53,392,000	53,349,000
Individually evaluated for impairment, Recorded investment in loans	896,000	925,000
Recorded investment in loans	54,288,000	54,274,000
Originated Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment, Allowance for loan losses	5,173,000	4,766,000
Collectively evaluated for impairment, Recorded investment in loans	387,348,000	369,740,000
Individually evaluated for impairment, Recorded investment in loans	22,000	22,000
Recorded investment in loans	387,370,000	369,762,000
Originated Loans [Member] | Construction and Land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment, Allowance for loan losses	1,970,000	1,742,000
Collectively evaluated for impairment, Recorded investment in loans	135,072,000	124,963,000
Recorded investment in loans	135,072,000	124,963,000
Originated Loans [Member] | Multi-Family Residential [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment, Allowance for loan losses	423,000	355,000
Collectively evaluated for impairment, Recorded investment in loans	33,763,000	30,540,000
Recorded investment in loans	33,763,000	30,540,000
Originated Loans [Member] | Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment, Allowance for loan losses	2,614,000	2,721,000
Individually evaluated for impairment, Allowance for loan losses	346,000	1,625,000
Collectively evaluated for impairment, Recorded investment in loans	126,380,000	120,818,000
Individually evaluated for impairment, Recorded investment in loans	946,000	2,512,000
Recorded investment in loans	127,326,000	123,330,000
Originated Loans [Member] | Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Collectively evaluated for impairment, Allowance for loan losses	490,000	496,000
Collectively evaluated for impairment, Recorded investment in loans	38,338,000	39,854,000
Recorded investment in loans	38,338,000	39,854,000
Acquired Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	1,145,000	504,000
Recorded investment in loans	638,037,000	715,873,000
Acquired Loans [Member] | One- to Four-Family First Mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	25,000	89,000
Recorded investment in loans	246,945,000	278,012,000
Acquired Loans [Member] | Home Equity Loans and Lines [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	71,000	78,000
Recorded investment in loans	35,942,000	40,171,000
Acquired Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	209,000	140,000
Recorded investment in loans	217,369,000	241,596,000
Acquired Loans [Member] | Construction and Land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	8,000	7,000
Recorded investment in loans	45,563,000	52,300,000
Acquired Loans [Member] | Multi-Family Residential [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	111,000
Recorded investment in loans	14,158,000	20,438,000
Acquired Loans [Member] | Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	575,000	184,000
Recorded investment in loans	57,690,000	61,954,000
Acquired Loans [Member] | Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	146,000	6,000
Recorded investment in loans	$ 20,370,000	$ 21,402,000

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Credit Quality and Allowance for Loan Losses - Allowance for Loan Losses and Recorded Investment in Loans (Parenthetical) (Detail) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
GS Financial Corp [Member] | Britton And Koontz Bank, St. Martin Bancshares, Inc[Member] | Covered Loan [Member] | ASC 310-30 [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Acquired loans	$ 11.9	$ 14.2

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Credit Quality and Allowance for Loan Losses - Schedule of Activity in Allowance for Loan Losses (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			$ 14,807,000	$ 12,511,000
Charge-offs			(1,545,000)	(91,000)
Recoveries			166,000	133,000
Provision	$ 580,621	$ 150,000	1,544,878	456,832
Ending balance	14,973,000	13,010,000	14,973,000	13,010,000
Originated Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			14,303,000	12,220,000
Charge-offs			(1,545,000)	(91,000)
Recoveries			166,000	133,000
Provision			904,000	465,000
Ending balance	13,828,000	12,727,000	13,828,000	12,727,000
Acquired Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			504,000	291,000
Provision			641,000	(8,000)
Ending balance	1,145,000	283,000	1,145,000	283,000
One- to Four-Family First Mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			1,663,000	1,511,000
Provision			125,000	51,000
Ending balance	1,788,000	1,562,000	1,788,000	1,562,000
One- to Four-Family First Mortgage [Member] | Originated Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			1,574,000	1,436,000
Provision			189,000	67,000
Ending balance	1,763,000	1,503,000	1,763,000	1,503,000
One- to Four-Family First Mortgage [Member] | Acquired Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			89,000	75,000
Provision			(64,000)	(16,000)
Ending balance	25,000	59,000	25,000	59,000
Home Equity Loans and Lines [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			1,102,000	728,000
Charge-offs				(10,000)
Recoveries			3,000	16,000
Provision			15,000	357,000
Ending balance	1,120,000	1,091,000	1,120,000	1,091,000
Home Equity Loans and Lines [Member] | Originated Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			1,024,000	654,000
Charge-offs				(10,000)
Recoveries			3,000	16,000
Provision			23,000	369,000
Ending balance	1,049,000	1,029,000	1,049,000	1,029,000
Home Equity Loans and Lines [Member] | Acquired Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			78,000	74,000
Provision			(7,000)	(12,000)
Ending balance	71,000	62,000	71,000	62,000
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			4,906,000	4,177,000
Provision			476,000	270,000
Ending balance	5,382,000	4,447,000	5,382,000	4,447,000
Commercial Real Estate [Member] | Originated Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			4,766,000	4,177,000
Provision			407,000	270,000
Ending balance	5,173,000	4,447,000	5,173,000	4,447,000
Commercial Real Estate [Member] | Acquired Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			140,000
Provision			69,000
Ending balance	209,000		209,000
Construction and Land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			1,749,000	1,782,000
Provision			229,000	(235,000)
Ending balance	1,978,000	1,547,000	1,978,000	1,547,000
Construction and Land [Member] | Originated Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			1,742,000	1,763,000
Provision			228,000	(223,000)
Ending balance	1,970,000	1,540,000	1,970,000	1,540,000
Construction and Land [Member] | Acquired Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			7,000	19,000
Provision			1,000	(12,000)
Ending balance	8,000	7,000	8,000	7,000
Multi-Family Residential [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			355,000	361,000
Provision			179,000	12,000
Ending balance	534,000	373,000	534,000	373,000
Multi-Family Residential [Member] | Originated Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			355,000	361,000
Provision			68,000	12,000
Ending balance	423,000	373,000	423,000	373,000
Multi-Family Residential [Member] | Acquired Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Provision			111,000
Ending balance	111,000		111,000
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			4,530,000	3,439,000
Charge-offs			(1,500,000)	(58,000)
Recoveries			152,000	113,000
Provision			353,000	9,000
Ending balance	3,535,000	3,503,000	3,535,000	3,503,000
Commercial and Industrial [Member] | Originated Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			4,346,000	3,316,000
Charge-offs			(1,500,000)	(58,000)
Recoveries			152,000	113,000
Provision			(38,000)	(21,000)
Ending balance	2,960,000	3,350,000	2,960,000	3,350,000
Commercial and Industrial [Member] | Acquired Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			184,000	123,000
Provision			391,000	30,000
Ending balance	575,000	153,000	575,000	153,000
Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			502,000	513,000
Charge-offs			(45,000)	(23,000)
Recoveries			11,000	4,000
Provision			168,000	(7,000)
Ending balance	636,000	487,000	636,000	487,000
Consumer [Member] | Originated Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			496,000	513,000
Charge-offs			(45,000)	(23,000)
Recoveries			11,000	4,000
Provision			28,000	(9,000)
Ending balance	490,000	485,000	490,000	485,000
Consumer [Member] | Acquired Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			6,000
Provision			140,000	2,000
Ending balance	$ 146,000	$ 2,000	$ 146,000	$ 2,000

XML

Credit Quality and Allowance for Loan Losses - Schedule of Loan Portfolio by Credit Quality Classification (Detail) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 1,625,679,017	$ 1,657,794,751
Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	987,642,000	941,922,000
Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	638,037,000	715,873,000
One- to Four-Family First Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	458,430,000	477,211,000
One- to Four-Family First Mortgage [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	211,485,000	199,199,000
One- to Four-Family First Mortgage [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	246,945,000	278,012,000
Home Equity Loans and Lines [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	90,230,000	94,445,000
Home Equity Loans and Lines [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	54,288,000	54,274,000
Home Equity Loans and Lines [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	35,942,000	40,171,000
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	604,739,000	611,358,000
Commercial Real Estate [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	387,370,000	369,762,000
Commercial Real Estate [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	217,369,000	241,596,000
Construction and Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	180,635,000	177,263,000
Construction and Land [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	135,072,000	124,963,000
Construction and Land [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	45,563,000	52,300,000
Multi-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	47,921,000	50,978,000
Multi-Family Residential [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	33,763,000	30,540,000
Multi-Family Residential [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	14,158,000	20,438,000
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	185,016,000	185,284,000
Commercial and Industrial [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	127,326,000	123,330,000
Commercial and Industrial [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	57,690,000	61,954,000
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	58,708,000	61,256,000
Consumer [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	38,338,000	39,854,000
Consumer [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	20,370,000	21,402,000
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,552,865,000	1,574,943,000
Pass [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	951,647,000	901,763,000
Pass [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	601,218,000	673,180,000
Pass [Member] | One- to Four-Family First Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	446,412,000	465,347,000
Pass [Member] | One- to Four-Family First Mortgage [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	206,903,000	196,203,000
Pass [Member] | One- to Four-Family First Mortgage [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	239,509,000	269,144,000
Pass [Member] | Home Equity Loans and Lines [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	87,987,000	92,095,000
Pass [Member] | Home Equity Loans and Lines [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	52,549,000	52,492,000
Pass [Member] | Home Equity Loans and Lines [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	35,438,000	39,603,000
Pass [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	570,557,000	574,254,000
Pass [Member] | Commercial Real Estate [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	374,122,000	356,020,000
Pass [Member] | Commercial Real Estate [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	196,435,000	218,234,000
Pass [Member] | Construction and Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	176,325,000	170,824,000
Pass [Member] | Construction and Land [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	132,756,000	122,076,000
Pass [Member] | Construction and Land [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	43,569,000	48,748,000
Pass [Member] | Multi-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	47,063,000	50,184,000
Pass [Member] | Multi-Family Residential [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	33,763,000	30,540,000
Pass [Member] | Multi-Family Residential [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	13,300,000	19,644,000
Pass [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	166,715,000	161,732,000
Pass [Member] | Commercial and Industrial [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	113,521,000	105,097,000
Pass [Member] | Commercial and Industrial [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	53,194,000	56,635,000
Pass [Member] | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	57,806,000	60,507,000
Pass [Member] | Consumer [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	38,033,000	39,335,000
Pass [Member] | Consumer [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	19,773,000	21,172,000
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	31,446,000	35,569,000
Special Mention [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	14,225,000	13,156,000
Special Mention [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	17,221,000	22,413,000
Special Mention [Member] | One- to Four-Family First Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	3,371,000	3,815,000
Special Mention [Member] | One- to Four-Family First Mortgage [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,625,000	990,000
Special Mention [Member] | One- to Four-Family First Mortgage [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,746,000	2,825,000
Special Mention [Member] | Home Equity Loans and Lines [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	322,000	590,000
Special Mention [Member] | Home Equity Loans and Lines [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans		283,000
Special Mention [Member] | Home Equity Loans and Lines [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	322,000	307,000
Special Mention [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	15,458,000	17,602,000
Special Mention [Member] | Commercial Real Estate [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,590,000	5,080,000
Special Mention [Member] | Commercial Real Estate [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	10,868,000	12,522,000
Special Mention [Member] | Construction and Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,522,000	5,099,000
Special Mention [Member] | Construction and Land [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,136,000	2,043,000
Special Mention [Member] | Construction and Land [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,386,000	3,056,000
Special Mention [Member] | Multi-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	598,000	636,000
Special Mention [Member] | Multi-Family Residential [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	598,000	636,000
Special Mention [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,719,000	7,638,000
Special Mention [Member] | Commercial and Industrial [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,730,000	4,640,000
Special Mention [Member] | Commercial and Industrial [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,989,000	2,998,000
Special Mention [Member] | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	456,000	189,000
Special Mention [Member] | Consumer [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	144,000	120,000
Special Mention [Member] | Consumer [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	312,000	69,000
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	41,368,000	47,283,000
Substandard [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	21,770,000	27,003,000
Substandard [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	19,598,000	20,280,000
Substandard [Member] | One- to Four-Family First Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,647,000	8,049,000
Substandard [Member] | One- to Four-Family First Mortgage [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,957,000	2,006,000
Substandard [Member] | One- to Four-Family First Mortgage [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,690,000	6,043,000
Substandard [Member] | Home Equity Loans and Lines [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,921,000	1,760,000
Substandard [Member] | Home Equity Loans and Lines [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,739,000	1,499,000
Substandard [Member] | Home Equity Loans and Lines [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	182,000	261,000
Substandard [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	18,724,000	19,502,000
Substandard [Member] | Commercial Real Estate [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,658,000	8,662,000
Substandard [Member] | Commercial Real Estate [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	10,066,000	10,840,000
Substandard [Member] | Construction and Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,788,000	1,340,000
Substandard [Member] | Construction and Land [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,180,000	844,000
Substandard [Member] | Construction and Land [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	608,000	496,000
Substandard [Member] | Multi-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	260,000	158,000
Substandard [Member] | Multi-Family Residential [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	260,000	158,000
Substandard [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	9,582,000	15,914,000
Substandard [Member] | Commercial and Industrial [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,075,000	13,593,000
Substandard [Member] | Commercial and Industrial [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,507,000	2,321,000
Substandard [Member] | Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	446,000	560,000
Substandard [Member] | Consumer [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	161,000	399,000
Substandard [Member] | Consumer [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 285,000	$ 161,000

XML

Credit Quality and Allowance for Loan Losses - Schedule of Past Due Loans (Detail) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 18,961,000	$ 28,805,000
Current Loans	1,606,718,000	1,628,990,000
Total loans	1,625,679,017	1,657,794,751
30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	9,649,000	16,833,000
60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,819,000	4,538,000
Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	6,493,000	7,434,000
Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,318,000	7,685,000
Current Loans	982,324,000	934,237,000
Total loans	987,642,000	941,922,000
Originated Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,442,000	4,531,000
Originated Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	784,000	965,000
Originated Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,092,000	2,189,000
Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	13,643,000	21,120,000
Current Loans	624,394,000	694,753,000
Total loans	638,037,000	715,873,000
Acquired Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	6,207,000	12,302,000
Acquired Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,035,000	3,573,000
Acquired Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,401,000	5,245,000
Real Estate Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	16,395,000	22,542,000
Current Loans	1,365,560,000	1,388,713,000
Total loans	1,381,955,000	1,411,255,000
Real Estate Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	8,794,000	14,433,000
Real Estate Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,340,000	2,874,000
Real Estate Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,261,000	5,235,000
Real Estate Loans [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,535,000	3,670,000
Current Loans	817,443,000	775,068,000
Total loans	821,978,000	778,738,000
Real Estate Loans [Member] | Originated Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,138,000	3,269,000
Real Estate Loans [Member] | Originated Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	625,000	131,000
Real Estate Loans [Member] | Originated Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	772,000	270,000
Real Estate Loans [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	11,860,000	18,872,000
Current Loans	548,117,000	613,645,000
Total loans	559,977,000	632,517,000
Real Estate Loans [Member] | Acquired Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,656,000	11,164,000
Real Estate Loans [Member] | Acquired Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,715,000	2,743,000
Real Estate Loans [Member] | Acquired Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,489,000	4,965,000
Other Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,566,000	6,263,000
Current Loans	241,158,000	240,277,000
Total loans	243,724,000	246,540,000
Other Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	855,000	2,400,000
Other Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	479,000	1,664,000
Other Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,232,000	2,199,000
Other Loans [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	783,000	4,015,000
Current Loans	164,881,000	159,169,000
Total loans	165,664,000	163,184,000
Other Loans [Member] | Originated Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	304,000	1,262,000
Other Loans [Member] | Originated Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	159,000	834,000
Other Loans [Member] | Originated Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	320,000	1,919,000
Other Loans [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,783,000	2,248,000
Current Loans	76,277,000	81,108,000
Total loans	78,060,000	83,356,000
Other Loans [Member] | Acquired Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	551,000	1,138,000
Other Loans [Member] | Acquired Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	320,000	830,000
Other Loans [Member] | Acquired Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	912,000	280,000
One- to Four-Family First Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	458,430,000	477,211,000
One- to Four-Family First Mortgage [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	211,485,000	199,199,000
One- to Four-Family First Mortgage [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	246,945,000	278,012,000
One- to Four-Family First Mortgage [Member] | Real Estate Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	10,624,000	9,782,000
Current Loans	447,806,000	467,429,000
Total loans	458,430,000	477,211,000
One- to Four-Family First Mortgage [Member] | Real Estate Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,891,000	4,704,000
One- to Four-Family First Mortgage [Member] | Real Estate Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,214,000	2,218,000
One- to Four-Family First Mortgage [Member] | Real Estate Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,519,000	2,860,000
One- to Four-Family First Mortgage [Member] | Real Estate Loans [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,728,000	1,012,000
Current Loans	208,757,000	198,187,000
Total loans	211,485,000	199,199,000
One- to Four-Family First Mortgage [Member] | Real Estate Loans [Member] | Originated Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,790,000	837,000
One- to Four-Family First Mortgage [Member] | Real Estate Loans [Member] | Originated Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	377,000	131,000
One- to Four-Family First Mortgage [Member] | Real Estate Loans [Member] | Originated Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	561,000	44,000
One- to Four-Family First Mortgage [Member] | Real Estate Loans [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	7,896,000	8,770,000
Current Loans	239,049,000	269,242,000
Total loans	246,945,000	278,012,000
One- to Four-Family First Mortgage [Member] | Real Estate Loans [Member] | Acquired Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,101,000	3,867,000
One- to Four-Family First Mortgage [Member] | Real Estate Loans [Member] | Acquired Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	837,000	2,087,000
One- to Four-Family First Mortgage [Member] | Real Estate Loans [Member] | Acquired Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,958,000	2,816,000
Home Equity Loans and Lines [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	90,230,000	94,445,000
Home Equity Loans and Lines [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	54,288,000	54,274,000
Home Equity Loans and Lines [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	35,942,000	40,171,000
Home Equity Loans and Lines [Member] | Real Estate Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	553,000	1,288,000
Current Loans	89,677,000	93,157,000
Total loans	90,230,000	94,445,000
Home Equity Loans and Lines [Member] | Real Estate Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	261,000	1,155,000
Home Equity Loans and Lines [Member] | Real Estate Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	147,000	61,000
Home Equity Loans and Lines [Member] | Real Estate Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	145,000	72,000
Home Equity Loans and Lines [Member] | Real Estate Loans [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	231,000	1,044,000
Current Loans	54,057,000	53,230,000
Total loans	54,288,000	54,274,000
Home Equity Loans and Lines [Member] | Real Estate Loans [Member] | Originated Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	116,000	1,018,000
Home Equity Loans and Lines [Member] | Real Estate Loans [Member] | Originated Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	46,000
Home Equity Loans and Lines [Member] | Real Estate Loans [Member] | Originated Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	69,000	26,000
Home Equity Loans and Lines [Member] | Real Estate Loans [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	322,000	244,000
Current Loans	35,620,000	39,927,000
Total loans	35,942,000	40,171,000
Home Equity Loans and Lines [Member] | Real Estate Loans [Member] | Acquired Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	145,000	137,000
Home Equity Loans and Lines [Member] | Real Estate Loans [Member] | Acquired Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	101,000	61,000
Home Equity Loans and Lines [Member] | Real Estate Loans [Member] | Acquired Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	76,000	46,000
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	604,739,000	611,358,000
Commercial Real Estate [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	387,370,000	369,762,000
Commercial Real Estate [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	217,369,000	241,596,000
Commercial Real Estate [Member] | Real Estate Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,682,000	8,041,000
Current Loans	601,057,000	603,317,000
Total loans	604,739,000	611,358,000
Commercial Real Estate [Member] | Real Estate Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,516,000	5,741,000
Commercial Real Estate [Member] | Real Estate Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	932,000	436,000
Commercial Real Estate [Member] | Real Estate Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,234,000	1,864,000
Commercial Real Estate [Member] | Real Estate Loans [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,074,000	670,000
Current Loans	386,296,000	369,092,000
Total loans	387,370,000	369,762,000
Commercial Real Estate [Member] | Real Estate Loans [Member] | Originated Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	765,000	670,000
Commercial Real Estate [Member] | Real Estate Loans [Member] | Originated Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	167,000
Commercial Real Estate [Member] | Real Estate Loans [Member] | Originated Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	142,000
Commercial Real Estate [Member] | Real Estate Loans [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,608,000	7,371,000
Current Loans	214,761,000	234,225,000
Total loans	217,369,000	241,596,000
Commercial Real Estate [Member] | Real Estate Loans [Member] | Acquired Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	751,000	5,071,000
Commercial Real Estate [Member] | Real Estate Loans [Member] | Acquired Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	765,000	436,000
Commercial Real Estate [Member] | Real Estate Loans [Member] | Acquired Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,092,000	1,864,000
Construction and Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	180,635,000	177,263,000
Construction and Land [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	135,072,000	124,963,000
Construction and Land [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	45,563,000	52,300,000
Construction and Land [Member] | Real Estate Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,536,000	3,431,000
Current Loans	179,099,000	173,832,000
Total loans	180,635,000	177,263,000
Construction and Land [Member] | Real Estate Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,126,000	2,833,000
Construction and Land [Member] | Real Estate Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	47,000	159,000
Construction and Land [Member] | Real Estate Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	363,000	439,000
Construction and Land [Member] | Real Estate Loans [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	502,000	944,000
Current Loans	134,570,000	124,019,000
Total loans	135,072,000	124,963,000
Construction and Land [Member] | Real Estate Loans [Member] | Originated Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	467,000	744,000
Construction and Land [Member] | Real Estate Loans [Member] | Originated Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	35,000
Construction and Land [Member] | Real Estate Loans [Member] | Originated Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		200,000
Construction and Land [Member] | Real Estate Loans [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,034,000	2,487,000
Current Loans	44,529,000	49,813,000
Total loans	45,563,000	52,300,000
Construction and Land [Member] | Real Estate Loans [Member] | Acquired Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	659,000	2,089,000
Construction and Land [Member] | Real Estate Loans [Member] | Acquired Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	12,000	159,000
Construction and Land [Member] | Real Estate Loans [Member] | Acquired Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	363,000	239,000
Multi-Family Residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	47,921,000	50,978,000
Multi-Family Residential [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	33,763,000	30,540,000
Multi-Family Residential [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	14,158,000	20,438,000
Multi-Family Residential [Member] | Real Estate Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	47,921,000	50,978,000
Total loans	47,921,000	50,978,000
Multi-Family Residential [Member] | Real Estate Loans [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	33,763,000	30,540,000
Total loans	33,763,000	30,540,000
Multi-Family Residential [Member] | Real Estate Loans [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	14,158,000	20,438,000
Total loans	14,158,000	20,438,000
Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	185,016,000	185,284,000
Commercial and Industrial [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	127,326,000	123,330,000
Commercial and Industrial [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	57,690,000	61,954,000
Commercial and Industrial [Member] | Other Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,608,000	5,020,000
Current Loans	183,408,000	180,264,000
Total loans	185,016,000	185,284,000
Commercial and Industrial [Member] | Other Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	223,000	1,691,000
Commercial and Industrial [Member] | Other Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	381,000	1,503,000
Commercial and Industrial [Member] | Other Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,004,000	1,826,000
Commercial and Industrial [Member] | Other Loans [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	525,000	3,348,000
Current Loans	126,801,000	119,982,000
Total loans	127,326,000	123,330,000
Commercial and Industrial [Member] | Other Loans [Member] | Originated Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	144,000	882,000
Commercial and Industrial [Member] | Other Loans [Member] | Originated Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	124,000	825,000
Commercial and Industrial [Member] | Other Loans [Member] | Originated Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	257,000	1,641,000
Commercial and Industrial [Member] | Other Loans [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,083,000	1,672,000
Current Loans	56,607,000	60,282,000
Total loans	57,690,000	61,954,000
Commercial and Industrial [Member] | Other Loans [Member] | Acquired Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	79,000	809,000
Commercial and Industrial [Member] | Other Loans [Member] | Acquired Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	257,000	678,000
Commercial and Industrial [Member] | Other Loans [Member] | Acquired Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	747,000	185,000
Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	58,708,000	61,256,000
Consumer [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	38,338,000	39,854,000
Consumer [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	20,370,000	21,402,000
Consumer [Member] | Other Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	958,000	1,243,000
Current Loans	57,750,000	60,013,000
Total loans	58,708,000	61,256,000
Consumer [Member] | Other Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	632,000	709,000
Consumer [Member] | Other Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	98,000	161,000
Consumer [Member] | Other Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	228,000	373,000
Consumer [Member] | Other Loans [Member] | Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	258,000	667,000
Current Loans	38,080,000	39,187,000
Total loans	38,338,000	39,854,000
Consumer [Member] | Other Loans [Member] | Originated Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	160,000	380,000
Consumer [Member] | Other Loans [Member] | Originated Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	35,000	9,000
Consumer [Member] | Other Loans [Member] | Originated Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	63,000	278,000
Consumer [Member] | Other Loans [Member] | Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	700,000	576,000
Current Loans	19,670,000	20,826,000
Total loans	20,370,000	21,402,000
Consumer [Member] | Other Loans [Member] | Acquired Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	472,000	329,000
Consumer [Member] | Other Loans [Member] | Acquired Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	63,000	152,000
Consumer [Member] | Other Loans [Member] | Acquired Loans [Member] | Greater Than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 165,000	$ 95,000

XML

Credit Quality and Allowance for Loan Losses - Additional Information (Detail)	6 Months Ended	12 Months Ended
	Jun. 30, 2018 USD ($) TDRs	Dec. 31, 2017 USD ($)
Receivables [Abstract]
Financing receivable, recorded investment, 90 days past due and still accruing	$ 0	$ 0
Maximum period of non-covered loans past due and accruing	90 days	90 days
Performing TDR not defaulted subsequent to restructuring or to the date financial statements available | TDRs	0
Troubled debt restructuring performed	$ 0

XML

Credit Quality and Allowance for Loan Losses - Summary of Accretable Yield on Loans Accounted for under ASC 310-30 (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Business Combinations [Abstract]
Balance at beginning of period	$ (9,303)	$ (11,091)
Accretion	1,222	1,746
Transfers from nonaccretable difference to accretable yield	(1,880)	(1,538)
Balance at end of period	$ (9,961)	$ (10,883)

XML

Credit Quality and Allowance for Loan Losses - Summary of Information Pertaining to Originated Loans Which were Deemed to be Impaired Loans (Detail) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance recorded, Recorded Investment	$ 890	$ 3,701	$ 920
Impaired loans with no related allowance recorded, Unpaid Principal Balance	1,106	3,835	942
Impaired loans with no related allowance recorded, Average Recorded Investment	840	3,691	3,263
Impaired loans with no related allowance recorded, Interest Income Recognized		108	3
Impaired loans with an allowance recorded, Recorded Investment	974	2,979	2,539
Impaired loans with an allowance recorded, Unpaid Principal Balance	1,014	3,101	2,618
Impaired loans with an allowance recorded, Related Allowance	694	1,288	1,973
Impaired loans with an allowance recorded, Average Recorded Investment	1,607	2,805	2,706
Impaired loans with an allowance recorded, Interest Income Recognized	1	77	53
Impaired loans Recorded Investment	1,864	6,680	3,459
Impaired loans Unpaid Principal Balance	2,120	6,936	3,560
Impaired loans Related Allowance	694	1,288	1,973
Impaired loans Average Recorded Investment	2,447	6,496	5,969
Impaired loans Interest Income Recognized	1	185	56
One- to Four-Family First Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with an allowance recorded, Average Recorded Investment		83	42
Impaired loans Average Recorded Investment		83	42
Home Equity Loans and Lines [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance recorded, Recorded Investment	455	476	470
Impaired loans with no related allowance recorded, Unpaid Principal Balance	476	476	476
Impaired loans with no related allowance recorded, Average Recorded Investment	461	317	395
Impaired loans with no related allowance recorded, Interest Income Recognized		12	1
Impaired loans with an allowance recorded, Recorded Investment	441	461	455
Impaired loans with an allowance recorded, Unpaid Principal Balance	460	461	461
Impaired loans with an allowance recorded, Related Allowance	348	348	348
Impaired loans with an allowance recorded, Average Recorded Investment	446	307	383
Impaired loans with an allowance recorded, Interest Income Recognized		11	1
Impaired loans Recorded Investment	896	937	925
Impaired loans Unpaid Principal Balance	936	937	937
Impaired loans Related Allowance	348	348	348
Impaired loans Average Recorded Investment	907	624	778
Impaired loans Interest Income Recognized		23	2
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance recorded, Recorded Investment	22	22	22
Impaired loans with no related allowance recorded, Unpaid Principal Balance	23	23	32
Impaired loans with no related allowance recorded, Average Recorded Investment	22	15	19
Impaired loans with no related allowance recorded, Interest Income Recognized		1
Impaired loans with an allowance recorded, Recorded Investment		435
Impaired loans with an allowance recorded, Unpaid Principal Balance		470
Impaired loans with an allowance recorded, Related Allowance		6
Impaired loans with an allowance recorded, Average Recorded Investment		448	296
Impaired loans with an allowance recorded, Interest Income Recognized		10
Impaired loans Recorded Investment	22	457	22
Impaired loans Unpaid Principal Balance	23	493	32
Impaired loans Related Allowance		6
Impaired loans Average Recorded Investment	22	463	315
Impaired loans Interest Income Recognized		11
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance recorded, Recorded Investment	413	3,203	428
Impaired loans with no related allowance recorded, Unpaid Principal Balance	607	3,336	434
Impaired loans with no related allowance recorded, Average Recorded Investment	357	3,359	2,849
Impaired loans with no related allowance recorded, Interest Income Recognized		95	2
Impaired loans with an allowance recorded, Recorded Investment	533	2,083	2,084
Impaired loans with an allowance recorded, Unpaid Principal Balance	554	2,170	2,157
Impaired loans with an allowance recorded, Related Allowance	346	934	1,625
Impaired loans with an allowance recorded, Average Recorded Investment	1,161	1,967	1,985
Impaired loans with an allowance recorded, Interest Income Recognized	1	56	52
Impaired loans Recorded Investment	946	5,286	2,512
Impaired loans Unpaid Principal Balance	1,161	5,506	2,591
Impaired loans Related Allowance	346	934	1,625
Impaired loans Average Recorded Investment	1,518	5,326	4,834
Impaired loans Interest Income Recognized	$ 1	$ 151	$ 54

XML

Credit Quality and Allowance for Loan Losses - Summary of Information Pertaining to Non Accrual Non Covered Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 22,244	$ 25,033
One- to Four-Family First Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	4,501	3,173
Home Equity Loans and Lines [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	1,835	1,542
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	9,122	8,757
Construction and Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	385	449
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	5,970	10,610
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	431	502
Originated Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	18,548	22,379
Originated Loans [Member] | One- to Four-Family First Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	2,957	2,006
Originated Loans [Member] | Home Equity Loans and Lines [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	1,678	1,434
Originated Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	8,659	8,662
Originated Loans [Member] | Construction and Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	6	200
Originated Loans [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	5,087	9,678
Originated Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	161	399
Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	3,696	2,654
Acquired Loans [Member] | One- to Four-Family First Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	1,544	1,167
Acquired Loans [Member] | Home Equity Loans and Lines [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	157	108
Acquired Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	463	95
Acquired Loans [Member] | Construction and Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	379	249
Acquired Loans [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	883	932
Acquired Loans [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 270	$ 103

XML

Credit Quality and Allowance for Loan Losses - Summary of Information Pertaining to Non Accrual Non Covered Loans (Parenthetical) (Detail) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 22,244	$ 25,033
Acquired Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	3,696	2,654
Acquired Loans [Member] | ASC 310-30 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Nonaccrual loans	$ 2,700	$ 4,300

XML

Credit Quality and Allowance for Loan Losses - Information about Company's TDRs (Detail) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 2,949	$ 1,060
Past Due Greater Than 30 Days	822	1,476
Nonaccrual TDRs	11,389	7,843
Total TDRs	15,160	10,379
Real Estate Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	701	1,060
Past Due Greater Than 30 Days	822	1,476
Nonaccrual TDRs	9,889	2,881
Total TDRs	11,412	5,417
Real Estate Loans [Member] | One- to Four-Family First Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	429	520
Past Due Greater Than 30 Days		277
Nonaccrual TDRs	1,921	532
Total TDRs	2,350	1,329
Real Estate Loans [Member] | Home Equity Loans and Lines [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current		275
Past Due Greater Than 30 Days	61	64
Nonaccrual TDRs	626	407
Total TDRs	687	746
Real Estate Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	119	96
Past Due Greater Than 30 Days	761	1,135
Nonaccrual TDRs	7,342	1,942
Total TDRs	8,222	3,173
Real Estate Loans [Member] | Construction and Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	153	169
Total TDRs	153	169
Other Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	2,248
Nonaccrual TDRs	1,500	4,962
Total TDRs	3,748	4,962
Other Loans [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	2,240
Nonaccrual TDRs	1,402	4,784
Total TDRs	3,642	4,784
Other Loans [Member] | Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	8
Nonaccrual TDRs	98	178
Total TDRs	106	178
Originated Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	2,656	846
Past Due Greater Than 30 Days	61	670
Nonaccrual TDRs	10,441	7,490
Total TDRs	13,158	9,006
Originated Loans [Member] | Real Estate Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	493	846
Past Due Greater Than 30 Days	61	670
Nonaccrual TDRs	9,765	2,731
Total TDRs	10,319	4,247
Originated Loans [Member] | Real Estate Loans [Member] | One- to Four-Family First Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	221	306
Past Due Greater Than 30 Days		274
Nonaccrual TDRs	1,867	473
Total TDRs	2,088	1,053
Originated Loans [Member] | Real Estate Loans [Member] | Home Equity Loans and Lines [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current		275
Past Due Greater Than 30 Days	61	64
Nonaccrual TDRs	556	316
Total TDRs	617	655
Originated Loans [Member] | Real Estate Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	119	96
Past Due Greater Than 30 Days		332
Nonaccrual TDRs	7,342	1,942
Total TDRs	7,461	2,370
Originated Loans [Member] | Real Estate Loans [Member] | Construction and Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	153	169
Total TDRs	153	169
Originated Loans [Member] | Other Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	2,163
Nonaccrual TDRs	676	4,759
Total TDRs	2,839	4,759
Originated Loans [Member] | Other Loans [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	2,163
Nonaccrual TDRs	578	4,581
Total TDRs	2,741	4,581
Originated Loans [Member] | Other Loans [Member] | Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual TDRs	98	178
Total TDRs	98	178
Acquired Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	293	214
Past Due Greater Than 30 Days	761	806
Nonaccrual TDRs	948	353
Total TDRs	2,002	1,373
Acquired Loans [Member] | Real Estate Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	208	214
Past Due Greater Than 30 Days	761	806
Nonaccrual TDRs	124	150
Total TDRs	1,093	1,170
Acquired Loans [Member] | Real Estate Loans [Member] | One- to Four-Family First Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	208	214
Past Due Greater Than 30 Days		3
Nonaccrual TDRs	54	59
Total TDRs	262	276
Acquired Loans [Member] | Real Estate Loans [Member] | Home Equity Loans and Lines [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual TDRs	70	91
Total TDRs	70	91
Acquired Loans [Member] | Real Estate Loans [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due Greater Than 30 Days	761	803
Total TDRs	761	803
Acquired Loans [Member] | Other Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	85
Nonaccrual TDRs	824	203
Total TDRs	909	203
Acquired Loans [Member] | Other Loans [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	77
Nonaccrual TDRs	824	203
Total TDRs	901	$ 203
Acquired Loans [Member] | Other Loans [Member] | Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	8
Total TDRs	$ 8

XML

Credit Quality and Allowance for Loan Losses - Summary of Information Pertaining to Loans Modified (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2018 USD ($) Contract	Jun. 30, 2017 USD ($) Contract
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | Contract	7	10
Pre-modification Outstanding Recorded Investment	$ 8,390	$ 2,259
Post-modification Outstanding Recorded Investment	$ 7,817	$ 1,960
One- to Four-Family First Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | Contract	2	5
Pre-modification Outstanding Recorded Investment	$ 1,146	$ 275
Post-modification Outstanding Recorded Investment	$ 1,146	$ 272
Home Equity Loans and Lines [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | Contract		1
Pre-modification Outstanding Recorded Investment		$ 15
Post-modification Outstanding Recorded Investment		$ 14
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | Contract	2	1
Pre-modification Outstanding Recorded Investment	$ 6,461	$ 448
Post-modification Outstanding Recorded Investment	$ 5,950	$ 448
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | Contract	2	1
Pre-modification Outstanding Recorded Investment	$ 775	$ 1,461
Post-modification Outstanding Recorded Investment	$ 713	$ 1,169
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | Contract	1	2
Pre-modification Outstanding Recorded Investment	$ 8	$ 60
Post-modification Outstanding Recorded Investment	$ 8	$ 57

XML

Fair Value Measurements and Disclosures - Summary of Assets Measured on Recurring Basis (Detail) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	$ 264,258,591	$ 234,993,436
Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	22,441,000	25,521,000
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	264,259,000	234,993,000
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	264,259,000	234,994,000
Fair Value, Measurements, Recurring [Member] | U.S. Agency Mortgage-Backed [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	84,777,000	87,758,000
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	146,564,000	113,735,000
Fair Value, Measurements, Recurring [Member] | Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	22,441,000	25,521,000
Fair Value, Measurements, Recurring [Member] | U.S. Government Agency [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	10,477,000	7,980,000
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	264,259,000	234,994,000
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | U.S. Agency Mortgage-Backed [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	84,777,000	87,758,000
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Collateralized Mortgage Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	146,564,000	113,735,000
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	22,441,000	25,521,000
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | U.S. Government Agency [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	$ 10,477,000	$ 7,980,000

XML

Fair Value Measurements and Disclosures - Summary of Financial Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets
Impaired loans	$ 1,170	$ 1,486
Repossessed assets	492	728
Fair Value, Measurements, Nonrecurring [Member]
Assets
Total	1,662	2,214
Level 3 [Member]
Assets
Impaired loans	1,170	1,486
Repossessed assets	492	728
Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Assets
Impaired loans	1,170	1,486
Repossessed assets	492	728
Total	$ 1,662	$ 2,214

XML

Fair Value Measurements and Disclosures - Schedule of Significant Observable Inputs Used in Fair Value Measurement of Level 3 Assets (Detail) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018 USD ($)	Dec. 31, 2017 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	$ 1,170	$ 1,486
Repossessed assets	492	728
Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	1,170	1,486
Repossessed assets	$ 492	$ 728
Level 3 [Member] | Impaired Loans [Member] | Measurement Input, Discount Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Valuation Technique	Third party appraisals and discounted cash flows	Third party appraisals and discounted cash flows
Unobservable Inputs	Collateral discounts and discount rates	Collateral discounts and discount rates
Level 3 [Member] | Impaired Loans [Member] | Minimum [Member] | Measurement Input, Discount Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average/ Range of Discounts	0.00	0.00
Level 3 [Member] | Impaired Loans [Member] | Maximum [Member] | Measurement Input, Discount Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average/ Range of Discounts	0.93	1.00
Level 3 [Member] | Impaired Loans [Member] | Weighted Average [Member] | Measurement Input, Discount Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average/ Range of Discounts	0.34	0.57
Level 3 [Member] | Repossessed assets [Member] | Measurement Input, Cost to Sell [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Valuation Technique	Third party appraisals, sales contracts, broker price opinions	Third party appraisals, sales contracts, broker price opinions
Unobservable Inputs	Collateral discounts and estimated costs to sell	Collateral discounts and estimated costs to sell
Level 3 [Member] | Repossessed assets [Member] | Minimum [Member] | Measurement Input, Cost to Sell [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average/ Range of Discounts	0.06	0.06
Level 3 [Member] | Repossessed assets [Member] | Maximum [Member] | Measurement Input, Cost to Sell [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average/ Range of Discounts	1.00	1.00
Level 3 [Member] | Repossessed assets [Member] | Weighted Average [Member] | Measurement Input, Cost to Sell [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average/ Range of Discounts	0.45	0.28
Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	$ 1,170	$ 1,486
Repossessed assets	$ 492	$ 728

XML

Fair Value Measurements and Disclosures - Summary of Fair Values of Company's Financial Instruments (Detail) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Financial Assets
Investment securities available for sale	$ 264,258,591	$ 234,993,436
Investment securities held to maturity	12,849,714	13,055,073
Financial Liabilities
Short-term FHLB advances	3,578,172	3,642,422
Carrying Amount [Member]
Financial Assets
Cash and cash equivalents	80,489,000	150,418,000
Interest-bearing deposits in banks	1,429,000	2,421,000
Investment securities available for sale	264,259,000	234,993,000
Investment securities held to maturity	12,869,000	13,034,000
Mortgage loans held for sale	9,711,000	5,873,000
Loans, net	1,610,706,000	1,642,987,000
Cash surrender value of BOLI	29,228,000	28,904,000
Financial Liabilities
Deposits	1,788,545,000	1,866,227,000
Short-term FHLB advances	3,578,000	3,642,000
Long-term FHLB advances	66,396,000	68,183,000
Fair Value [Member]
Financial Assets
Cash and cash equivalents	80,489,000	150,418,000
Interest-bearing deposits in banks	1,429,000	2,421,000
Investment securities available for sale	264,259,000	234,993,000
Investment securities held to maturity	12,850,000	13,055,000
Mortgage loans held for sale	9,711,000	5,873,000
Loans, net	1,597,731,000	1,642,634,000
Cash surrender value of BOLI	29,228,000	28,904,000
Financial Liabilities
Deposits	1,785,630,000	1,864,735,000
Short-term FHLB advances	3,578,000	3,642,000
Long-term FHLB advances	65,272,000	67,143,000
Level 1 [Member]
Financial Assets
Cash and cash equivalents	80,489,000	150,418,000
Interest-bearing deposits in banks	1,429,000	2,421,000
Cash surrender value of BOLI	29,228,000	28,904,000
Financial Liabilities
Short-term FHLB advances	3,578,000	3,642,000
Level 2 [Member]
Financial Assets
Investment securities available for sale	264,259,000	234,993,000
Investment securities held to maturity	12,850,000	13,055,000
Mortgage loans held for sale	9,711,000	5,873,000
Loans, net	1,596,561,000	1,641,148,000
Financial Liabilities
Deposits	1,785,630,000	1,864,735,000
Long-term FHLB advances	65,272,000	67,143,000
Level 3 [Member]
Financial Assets
Loans, net	$ 1,170,000	$ 1,486,000