LOANS RECEIVABLE - NET (Tables)

6 Months Ended

Jun. 30, 2016

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

Loans receivable consist of the following:

	June 30, 2016		December 31, 2015
	(Dollars in thousands)
Real estate - mortgage:
One-to-four family residential	$	611,795	$	607,807
Commercial and multi-family		84,644		84,075
Total real estate-mortgage		696,439		691,882
Real estate - construction:
Residential		19,274		14,960
Commercial		5,126		3,595
Total real estate - construction		24,400		18,555
Commercial		20,412		21,383
Consumer:
Home equity		48,769		51,001
Other consumer loans		287		431
Total consumer loans		49,056		51,432
Total loans		790,307		783,252
Net deferred loan cost		4,157		3,886
Allowance for loan losses		(3,245)		(3,190)
Net total loans	$	791,219	$	783,948

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

Changes in the allowance for loan losses are as follows:

	Six months Ended June 30,
	2016		2015
	(Dollars in thousands)
Balance, beginning of period	$	3,190	$	3,760
Provision for loan loss		313		331
Charge-offs		(258)		(699)
Recoveries		–		–
Balance, end of period	$	3,245	$	3,392

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

Non-performing assets segregated by class of loans are as follows:

	June 30, 2016		December 31, 2015
	(Dollars in thousands)
Real estate
One-to-four family residential	$	2,605	$	2,597
Commercial and multi-family		705		1,580
Real estate – construction		143		143
Commercial		41		41
Consumer		237		601
Non-accrual loans		3,731		4,962
Troubled debt restructuring, non-accrual		390		708
Total non-performing loans		4,121		5,670
Real estate owned		1,662		1,814
Total non-performing assets	$	5,783	$	7,484

Schedule of Nonaccretable and Accretable Yield on Loans and Debts Securities [Table Text Block]

A rollforward of the Company’s nonaccretable and accretable yield on loans accounted for under ASU 310-30, Loans and Debts Securities Acquired with Deteriorated Credit Quality, is shown below for the six month periods ended June 30, 2016 and 2015:

	Contractual Receivable Amount		Nonaccretable (Yield)/Premium		Accretable (Yield)/Premium		Carrying Amount
	(Dollars in thousands)
Balance at January 1, 2016	$	38,621	$	(2,423)	$	426	$	36,624
Principal reductions		(3,028)		—		—		(3,028)
Charge-offs, net		(752)		752		—		—
Accretion of loan discount (premium)		—		—		(53)		(53)
Transfer between nonaccretable and accretable yield		—		—		—		—
Settlement adjustments		—		—		—		—
Balance at June 30, 2016	$	34,841	$	(1,671)	$	373	$	33,543

	Contractual Receivable Amount		Nonaccretable (Yield)/Premium		Accretable (Yield)/Premium		Carrying Amount
	(Dollars in thousands)
Balance at January 1, 2015	$	44,216	$	(2,540)	$	542	$	42,218
Principal reductions		(2,856)		—		—		(2,856)
Charge-offs, net		(62)		62		—		—
Accretion of loan discount (premium)		—		—		(58)		(58)
Transfer between nonaccretable and accretable yield		—		—		—		—
Settlement adjustments		—		—		—		—
Balance at June 30, 2015	$	41,298	$	(2,478)	$	484	$	39,304

Past Due Financing Receivables [Table Text Block]

An age analysis of past due loans, segregated by class of loans, as of June 30, 2016 and December 31, 2015 are as follows:

	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans Receivable
	(Dollars in thousands)
June 30, 2016
Real estate
1-4 family residential	$	1,844	$	—	$	2,976	$	4,820	$	606,975	$	611,795
Commercial and multi-family		—		—		705		705		83,939		84,644
Construction		—		—		143		143		24,257		24,400
Commercial		—		—		41		41		20,371		20,412
Consumer		257		88		236		581		48,475		49,056
Total	$	2,101	$	88	$	4,101	$	6,290	$	784,017	$	790,307

December 31, 2015
Real estate
1-4 family residential	$	1,483	$	—	$	2,968	$	4,451	$	603,356	$	607,807
Commercial and multi-family		—		—		1,580		1,580		82,495		84,075
Construction		—		—		143		143		18,412		18,555
Commercial		—		—		41		41		21,342		21,383
Consumer		93		21		601		715		50,717		51,432
Total	$	1,576	$	21	$	5,333	$	6,930	$	776,322	$	783,252

Impaired Financing Receivables [Table Text Block]

Impaired loans are set forth the in the following table. No interest income was recognized on impaired loans subsequent to their classification as impaired.

	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment
	(Dollars in thousands)
June 30, 2016
With no related allowance recorded
Real Estate
1-4 Family Residential	$	5,617	$	5,785	$	—	$	144
Commercial and Multi-Family		671		670		—		168
Construction		143		143		—		143
Commercial		41		41		—		41
Consumer		807		807		—		58
With an allowance recorded
Real Estate
1-4 Family Residential		3,219		3,279		622		293
Commercial and Multi-Family		285		310		132		285
Construction		—		—		—		—
Commercial		168		168		4		168
Consumer		275		320		52		69
Total
Real Estate
1-4 Family Residential	$	8,836	$	9,064	$	622	$	177
Commercial and Multi-Family		956		980		132		191
Construction		143		143		—		143
Commercial		209		209		4		104
Consumer		1,082		1,127		52		60

December 31, 2015
With no related allowance recorded
Real Estate
1-4 Family Residential	$	6,103	$	6,320	$	—	$	153
Commercial and Multi-Family		1,545		1,545		—		257
Construction		143		143		—		143
Commercial		41		41		—		41
Consumer		1,187		1,187		—		66
With an allowance recorded
Real Estate
1-4 Family Residential		3,758		3,868		599		268
Commercial and Multi-Family		285		310		23		285
Commercial		—		—		—		—
Consumer		179		179		4		179
Total		434		479		179		72
Real Estate
1-4 Family Residential	$	9,861	$	10,188	$	599	$	183
Commercial and Multi-Family		1,830		1,855		23		261
Construction		143		143		—		143
Commercial		220		220		4		110
Consumer		1,621		1,666		179		68

Schedule of Financial Receivable, Reported Amounts, by Category [Table Text Block]

The following table presents classified loans by class of loans as of June 30, 2016 and December 31, 2015.

	Real Estate
	1-4 Family Residential				Commercial and Multi-Family				Construction				Commercial				Consumer
	6/30/2016		12/31/2015		6/30/2016		12/31/2015		6/30/2016		12/31/2015		6/30/2016		12/31/2015		6/30/2016		12/31/2015
					(Dollars in thousands)
Grade:
Special Mention	$	3,827	$	3,182	$	677	$	321	$	—	$	—	$	—	$	—	$	1,022	$	807
Substandard		7,396		7,916		3,063		3,989		143		143		548		557		763		1,272
Doubtful and Loss		—		—		—		—		—		—		—		—		—		—
Total	$	11,223	$	11,098	$	3,740	$	4,310	$	143	$	143	$	548	$	557	$	1,785	$	2,079

Schedule of Performing and Non-Performing Financial Receivable [Table Text Block]

The following table presents the credit risk profile of loans based on payment activity as of June 30, 2016 and December 31, 2015.

	Real Estate
	1-4 Family Residential				Commercial and Multi-Family				Construction				Commercial				Consumer
	6/30/2016		12/31/2015		6/30/2016		12/31/2015		6/30/2016		12/31/2015		6/30/2016		12/31/2015		6/30/2016		12/31/2015
					(Dollars in thousands
Performing	$	609,190	$	605,210	$	83,939	$	82,495	$	24,257	$	18,412	$	20,371	$	21,342	$	48,819	$	50,831
Non-Performing		2,605		2,597		705		1,580		143		143		41		41		237		601
Total	$	611,795	$	607,807	$	84,644	$	84,075	$	24,400	$	18,555	$	20,412	$	21,383	$	49,056	$	51,432

Schedule of Allowance for Possible Loan Losses by Portfolio Segment [Table Text Block]

The following table details activity in the allowance for possible loan losses by portfolio segment for the six month periods ended June 30, 2016 and 2015. Allocation of a portion of the allowance to one category does not preclude its availability to absorb losses in other categories.

	Real Estate
	1-4 Family Residential		Commercial and Multi-Family		Construction		Commercial		Consumer		Total
	(Dollars in thousands)
June 30, 2016
Allowance for credit losses:
Beginning Balance	$	2,051	$	240	$	25	$	236	$	638	$	3,190
Charge-offs		(78)		(84)		—		—		(96)		(258)
Recoveries		—		—		—		—		—		—
Provision for loan losses		52		288		10		152		(189)		313
Ending balance	$	2,025	$	444	$	35	$	388	$	353	$	3,245
Ending balance: individually evaluated for impairment	$	622	$	132	$	—	$	4	$	52	$	810
Ending balance: collectively evaluated for impairment	$	1,403	$	312	$	35	$	384	$	301	$	2,435
Loan Receivables:
Ending balance	$	611,795	$	84,644	$	24,400	$	20,412	$	49,056	$	790,307
Ending balance: individually evaluated for impairment	$	8,836	$	956	$	143	$	209	$	1,082	$	11,226
Ending balance: collectively evaluated for impairment	$	602,959	$	83,688	$	24,257	$	20,203	$	47,974	$	779,081

June 30, 2015
Allowance for credit losses:
Beginning Balance	$	2,318	$	625	$	33	$	380	$	404	$	3,760
Charge-offs		(221)		(24)		—		(306)		(148)		(699)
Recoveries		—		—		—		—		—		—
Provision for loan losses		117		(299)		1		276		236		331
Ending balance	$	2,214	$	302	$	34	$	350	$	492	$	3,392
Ending balance: individually evaluated for impairment	$	623	$	23	$	—	$	4	$	34	$	684
Ending balance: collectively evaluated for impairment	$	1,591	$	279	$	34	$	346	$	458	$	2,708
Loan Receivables:
Ending balance	$	593,633	$	88,324	$	22,359	$	22,740	$	53,483	$	780,539
Ending balance: individually evaluated for impairment	$	9,857	$	1,830	$	143	$	190	$	1,060	$	13,080
Ending balance: collectively evaluated for impairment	$	583,776	$	86,494	$	22,216	$	22,550	$	52,423	$	767,459