Loans Receivable and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2016

Loans Receivable and Allowance for Loan Losses

Schedule of components of loans receivable

	June 30,		December 31,
(Dollars in thousands)	2016		2015
Real estate loans:
First mortgages:
One- to four-family residential	$	1,209,594	$	1,145,904
Multi-family residential		9,701		9,834
Construction, commercial and other		25,445		19,288
Home equity loans and lines of credit		16,077		15,333
Total real estate loans		1,260,817		1,190,359
Other loans:
Loans on deposit accounts		310		304
Consumer and other loans		4,088		4,239
Total other loans		4,398		4,543
Less:
Net unearned fees and discounts		(3,600)		(4,087)
Allowance for loan losses		(2,276)		(2,166)
Total unearned fees, discounts and allowance for loan losses		(5,876)		(6,253)
Loans receivable, net	$	1,259,339	$	1,188,649

Schedule of activity in allowance for loan losses by portfolio segment

			Construction,		Home
			Commercial		Equity
			and Other		Loans and
	Residential		Mortgage		Lines of		Consumer
(Dollars in thousands)	Mortgage		Loans		Credit		and Other		Unallocated		Totals
Three months ended June 30, 2016:
Balance, beginning of period	$	1,398	$	509	$	3	$	75	$	198	$	2,183
Provision (reversal of allowance) for loan losses		39		58		—		(21)		8		84
		1,437		567		3		54		206		2,267
Charge-offs		—		—		—		(4)		—		(4)
Recoveries		7		—		—		6		—		13
Net recoveries		7		—		—		2		—		9
Balance, end of period	$	1,444	$	567	$	3	$	56	$	206	$	2,276
Six months ended June 30, 2016:
Balance, beginning of period	$	1,380	$	517	$	3	$	72	$	194	$	2,166
Provision (reversal of allowance) for loan losses		57		50		—		(7)		12		112
		1,437		567		3		65		206		2,278
Charge-offs		—		—		—		(18)		—		(18)
Recoveries		7		—		—		9		—		16
Net recoveries (charge-offs)		7		—		—		(9)		—		(2)
Balance, end of period	$	1,444	$	567	$	3	$	56	$	206	$	2,276

			Construction,		Home
			Commercial		Equity
			and Other		Loans and
	Residential		Mortgage		Lines of		Consumer
(Dollars in thousands)	Mortgage		Loans		Credit		and Other		Unallocated		Totals
Three months ended June 30, 2015:
Balance, beginning of period	$	1,111	$	543	$	4	$	149	$	65	$	1,872
Provision (reversal of allowance) for loan losses		129		(142)		(16)		(45)		175		101
		1,240		401		(12)		104		240		1,973
Charge-offs		—		—		—		(6)		—		(6)
Recoveries		3		6		15		3		—		27
Net recoveries (charge-offs)		3		6		15		(3)		—		21
Balance, end of period	$	1,243	$	407	$	3	$	101	$	240	$	1,994
Six months ended June 30, 2015:
Balance, beginning of period	$	413	$	977	$	5	$	263	$	33	$	1,691
Provision (reversal of allowance) for loan losses		827		(577)		(18)		(144)		207		295
		1,240		400		(13)		119		240		1,986
Charge-offs		—		—		—		(25)		—		(25)
Recoveries		3		7		16		7		—		33
Net recoveries (charge-offs)		3		7		16		(18)		—		8
Balance, end of period	$	1,243	$	407	$	3	$	101	$	240	$	1,994

Schedule of balance in allowance for loan losses and recorded investment in loans by portfolio segment and based on impairment method

			Construction,		Home
			Commercial		Equity
			and Other		Loans and
	Residential		Mortgage		Lines of		Consumer
(Dollars in thousands)	Mortgage		Loans		Credit		and Other		Unallocated		Totals
June 30, 2016:
Allowance for loan losses:
Ending allowance balance:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		1,444		567		3		56		206		2,276
Total ending allowance balance	$	1,444	$	567	$	3	$	56	$	206	$	2,276
Loans:
Ending loan balance:
Individually evaluated for impairment	$	6,089	$	—	$	163	$	—	$	—	$	6,252
Collectively evaluated for impairment		1,209,698		25,335		15,921		4,409		—		1,255,363
Total ending loan balance	$	1,215,787	$	25,335	$	16,084	$	4,409	$	—	$	1,261,615
December 31, 2015:
Allowance for loan losses:
Ending allowance balance:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		1,380		517		3		72		194		2,166
Total ending allowance balance	$	1,380	$	517	$	3	$	72	$	194	$	2,166
Loans:
Ending loan balance:
Individually evaluated for impairment	$	6,486	$	—	$	124	$	9	$	—	$	6,619
Collectively evaluated for impairment		1,145,259		19,175		15,216		4,546		—		1,184,196
Total ending loan balance	$	1,151,745	$	19,175	$	15,340	$	4,555	$	—	$	1,190,815

Schedule of balance of impaired loans individually evaluated for impairment by class of loans

			Unpaid
	Recorded		Principal
(Dollars in thousands)	Investment		Balance
June 30, 2016:
With no related allowance recorded:
One- to four-family residential mortgages	$	6,089	$	6,991
Home equity loans and lines of credit		163		206
Total	$	6,252	$	7,197
December 31, 2015:
With no related allowance recorded:
One- to four-family residential mortgages	$	6,486	$	7,307
Home equity loans and lines of credit		124		163
Consumer and other		9		9
Total	$	6,619	$	7,479

Schedule of average recorded investment and interest income recognized on impaired loans by class of loans

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
(Dollars in thousands)	Investment		Recognized		Investment		Recognized
2016:
With no related allowance recorded:
One- to four-family residential mortgages	$	6,123	$	18	$	6,157	$	38
Home equity loans and lines of credit		165		—		165		—
Total	$	6,288	$	18	$	6,322	$	38
2015:
With no related allowance recorded:
One- to four-family residential mortgages	$	6,331	$	17	$	6,366	$	36
Home equity loans and lines of credit		131		—		132		—
Total	$	6,462	$	17	$	6,498	$	36

Schedule of aging of loans and accrual status by class of loans

															Loans
															More Than
															90 Days
	30 - 59		60 - 89		90 Days or										Past Due
	Days Past		Days Past		Greater		Total Past		Loans Not		Total		Nonaccrual		and Still
(Dollars in thousands)	Due		Due		Past Due		Due		Past Due		Loans		Loans		Accruing
June 30, 2016:
One- to four-family residential mortgages	$	91	$	945	$	1,793	$	2,829	$	1,203,280	$	1,206,109	$	4,895	$	—
Multi-family residential mortgages		—		—		—		—		9,678		9,678		—		—
Construction, commercial and other mortgages		—		—		—		—		25,335		25,335		—		—
Home equity loans and lines of credit		35		—		42		77		16,007		16,084		163		—
Loans on deposit accounts		—		—		—		—		310		310		—		—
Consumer and other		1		—		—		1		4,098		4,099		—		—
Total	$	127	$	945	$	1,835	$	2,907	$	1,258,708	$	1,261,615	$	5,058	$	—
December 31, 2015:
One- to four-family residential mortgages	$	1,354	$	—	$	1,615	$	2,969	$	1,138,966	$	1,141,935	$	5,282	$	—
Multi-family residential mortgages		—		—		—		—		9,810		9,810		—		—
Construction, commercial and other mortgages		—		—		—		—		19,175		19,175		—		—
Home equity loans and lines of credit		—		—		—		—		15,340		15,340		124		—
Loans on deposit accounts		—		—		—		—		304		304		—		—
Consumer and other		4		1		10		15		4,236		4,251		9		—
Total	$	1,358	$	1	$	1,625	$	2,984	$	1,187,831	$	1,190,815	$	5,415	$	—