Loans Receivable and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2020

Loans Receivable and Allowance for Loan Losses

Schedule of components of loans receivable

	March 31,		December 31,
(Dollars in thousands)	2020		2019
Real estate loans:
First mortgages:
One- to four-family residential	$	1,514,599	$	1,536,781
Multi-family residential		9,660		9,965
Construction, commercial and other		22,389		23,382
Home equity loans and lines of credit		10,250		10,084
Total real estate loans		1,556,898		1,580,212
Other loans:
Loans on deposit accounts		271		235
Consumer and other loans		9,624		9,484
Total other loans		9,895		9,719
Less:
Net unearned fees and discounts		(2,289)		(2,435)
Allowance for loan losses		(2,918)		(2,712)
Total unearned fees, discounts and allowance for loan losses		(5,207)		(5,147)
Loans receivable, net	$	1,561,586	$	1,584,784

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
Three months ended March 31, 2020:
Balance, beginning of period	$	1,741	$	511	$	1	$	54	$	405	$	2,712
Provision (reversal of provision) for loan losses		122		(59)		—		129		25		217
		1,863		452		1		183		430		2,929
Charge-offs		—		—		—		(12)		—		(12)
Recoveries		—		—		—		1		—		1
Net charge-offs		—		—		—		(11)		—		(11)
Balance, end of period	$	1,863	$	452	$	1	$	172	$	430	$	2,918

			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 March 31, 2019:
Balance, beginning of period	$	1,797	$	443	$	1	$	47	$	354	$	2,642
Provision (reversal of provision) for loan losses		(15)		11		—		4		5		5
		1,782		454		1		51		359		2,647
Charge-offs		—		—		—		(7)		—		(7)
Recoveries		18		—		—		1		—		19
Net recoveries (charge-offs)		18		—		—		(6)		—		12
Balance, end of period	$	1,800	$	454	$	1	$	45	$	359	$	2,659

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
March 31, 2020:
Allowance for loan losses:
Ending allowance balance:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		1,863		452		1		172		430		2,918
Total ending allowance balance	$	1,863	$	452	$	1	$	172	$	430	$	2,918
Loans:
Ending loan balance:
Individually evaluated for impairment	$	1,197	$	—	$	85	$	—	$	—	$	1,282
Collectively evaluated for impairment		1,520,806		22,340		10,166		9,910		—		1,563,222
Total ending loan balance	$	1,522,003	$	22,340	$	10,251	$	9,910	$	—	$	1,564,504
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

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

			Unpaid
	Recorded		Principal
(Dollars in thousands)	Investment		Balance
March 31, 2020:
With no related allowance recorded:
One- to four-family residential mortgages	$	1,197	$	1,602
Home equity loans and lines of credit		85		177
Total	$	1,282	$	1,779
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

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

	For the Three Months Ended
	March 31,
	Average		Interest
	Recorded		Income
(Dollars in thousands)	Investment		Recognized
2020:
With no related allowance recorded:
One- to four-family residential mortgages	$	1,210	$	8
Home equity loans and lines of credit		87		—
Total	$	1,297	$	8
2019:
With no related allowance recorded:
One- to four-family residential mortgages	$	2,638	$	9
Home equity loans and lines of credit		146		—
Total	$	2,784	$	9

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
March 31, 2020:
One- to four-family residential mortgages	$	104	$	179	$	—	$	283	$	1,512,079	$	1,512,362	$	623	$	—
Multi-family residential mortgages		—		—		—		—		9,641		9,641		—		—
Construction, commercial and other mortgages		—		—		—		—		22,340		22,340		—		—
Home equity loans and lines of credit		—		25		—		25		10,226		10,251		85		—
Loans on deposit accounts		—		—		—		—		271		271		—		—
Consumer and other		1		—		—		1		9,638		9,639		—		—
Total	$	105	$	204	$	—	$	309	$	1,564,195	$	1,564,504	$	708	$	—
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

Summary of troubled debt restructurings by class of loan

	Number of		Accrual		Number of		Nonaccrual
(Dollars in thousands)	Loans		Status		Loans		Status		Total
March 31, 2020:
One- to four-family residential mortgages		3	$	574		2	$	510	$	1,084
Home equity loans and lines of credit		—		—		1		60		60
Total		3	$	574		3	$	570	$	1,144
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