Loans Receivable and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2019

Loans Receivable and Allowance for Loan Losses

Schedule of components of loans receivable

	December 31,
(Dollars in thousands)	2019		2018
Real estate loans:
First mortgages:
One- to four-family residential	$	1,536,781	$	1,531,149
Multi-family residential		9,965		12,151
Construction, commercial and other		23,382		20,780
Home equity loans and lines of credit		10,084		11,090
Total real estate loans		1,580,212		1,575,170
Other loans:
Loans on deposit accounts		235		357
Consumer and other loans		9,484		4,939
Total other loans		9,719		5,296
Less:
Net unearned fees and discounts		(2,435)		(3,110)
Allowance for loan losses		(2,712)		(2,642)
Total unearned fees, discounts and allowance for loan losses		(5,147)		(5,752)
Loans receivable, net	$	1,584,784	$	1,574,714

Schedule of activity in allowance for loan losses on loans receivable and 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
Year ended December 31, 2019:
Balance, beginning of year	$	1,797	$	443	$	1	$	47	$	354	$	2,642
Provision (reversal of provision) for loan losses		(84)		68		—		26		51		61
		1,713		511		1		73		405		2,703
Charge-offs		(8)		—		—		(40)		—		(48)
Recoveries		36		—		—		21		—		57
Net recoveries (charge-offs)		28		—		—		(19)		—		9
Balance, end of year	$	1,741	$	511	$	1	$	54	$	405	$	2,712
Year ended December 31, 2018:
Balance, beginning of year	$	1,721	$	539	$	1	$	55	$	232	$	2,548
Provision (reversal of provision) for loan losses		78		(96)		—		15		122		119
		1,799		443		1		70		354		2,667
Charge-offs		(12)		—		—		(29)		—		(41)
Recoveries		10		—		—		6		—		16
Net charge-offs		(2)		—		—		(23)		—		(25)
Balance, end of year	$	1,797	$	443	$	1	$	47	$	354	$	2,642

Schedule of balance in allowance for loan losses and the 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
December 31, 2019:
Allowance for loan losses:
Ending allowance balance:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		1,741		511		1		54		405		2,712
Total ending allowance balance	$	1,741	$	511	$	1	$	54	$	405	$	2,712
Loans:
Ending loan balance:
Individually evaluated for impairment	$	1,224	$	—	$	89	$	—	$	—	$	1,313
Collectively evaluated for impairment		1,543,125		23,326		9,997		9,735		—		1,586,183
Total ending loan balance	$	1,544,349	$	23,326	$	10,086	$	9,735	$	—	$	1,587,496
December 31, 2018:
Allowance for loan losses:
Ending allowance balance:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		1,797		443		1		47		354		2,642
Total ending allowance balance	$	1,797	$	443	$	1	$	47	$	354	$	2,642
Loans:
Ending loan balance:
Individually evaluated for impairment	$	2,962	$	—	$	148	$	—	$	—	$	3,110
Collectively evaluated for impairment		1,537,292		20,698		10,945		5,311		—		1,574,246
Total ending loan balance	$	1,540,254	$	20,698	$	11,093	$	5,311	$	—	$	1,577,356

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

			Unpaid
	Recorded		Principal
(Dollars in thousands)	Investment		Balance
December 31, 2019:
With no related allowance recorded:
One- to four-family residential mortgages	$	1,224	$	1,615
Home equity loans and lines of credit		89		178
Total	$	1,313	$	1,793
December 31, 2018:
With no related allowance recorded:
One- to four-family residential mortgages	$	2,962	$	3,486
Home equity loans and lines of credit		148		224
Total	$	3,110	$	3,710

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

	Average
	Recorded		Interest Income
(Dollars in thousands)	Investment		Recognized
2019:
With no related allowance recorded:
One- to four-family residential mortgages	$	1,272	$	34
Home equity loans and lines of credit		98		—
Total	$	1,370	$	34
2018:
With no related allowance recorded:
One- to four-family residential mortgages	$	3,039	$	53
Home equity loans and lines of credit		156		—
Total	$	3,195	$	53

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

															Loans
															90 Days
															or More
	30 - 59		60 - 89		90 Days or										Past Due
	Days Past		Days Past		More		Total Past		Loans Not		Total		Nonaccrual		and Still
(Dollars in thousands)	Due		Due		Past Due		Due		Past Due		Loans		Loans		Accruing
December 31, 2019:
One- to four-family residential mortgages	$	—	$	959	$	—	$	959	$	1,533,446	$	1,534,405	$	647	$	—
Multi-family residential mortgages		—		—		—		—		9,944		9,944		—		—
Construction, commercial and other mortgages		—		—		—		—		23,326		23,326		—		—
Home equity loans and lines of credit		—		26		—		26		10,060		10,086		89		—
Loans on deposit accounts		—		—		—		—		235		235		—		—
Consumer and other		33		1		1		35		9,465		9,500		—		1
Total	$	33	$	986	$	1	$	1,020	$	1,586,476	$	1,587,496	$	736	$	1
December 31, 2018:
One- to four-family residential mortgages	$	40	$	292	$	838	$	1,170	$	1,526,949	$	1,528,119	$	2,065	$	—
Multi-family residential mortgages		—		—		—		—		12,135		12,135		—		—
Construction, commercial and other mortgages		—		—		—		—		20,698		20,698		—		—
Home equity loans and lines of credit		—		29		41		70		11,023		11,093		148		—
Loans on deposit accounts		—		—		—		—		357		357		—		—
Consumer and other		3		4		—		7		4,947		4,954		—		—
Total	$	43	$	325	$	879	$	1,247	$	1,576,109	$	1,577,356	$	2,213	$	—

Summary of troubled debt restructurings by class of loan

	Number of		Accrual		Number of		Nonaccrual
(Dollars in thousands)	Loans		Status		Loans		Status		Total
December 31, 2019:
One- to four-family residential mortgages		3	$	577		2	$	525	$	1,102
Home equity loans and lines of credit		—		—		1		64		64
Total		3	$	577		3	$	589	$	1,166
December 31, 2018:
One- to four-family residential mortgages		4	$	897		3	$	691	$	1,588
Home equity loans and lines of credit		—		—		1		78		78
Total		4	$	897		4	$	769	$	1,666