Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2012

Loans and Allowance for Loan Losses [Abstract]

Schedule of loans

	September 30, 2012			December 31, 2011
Commercial business	$	8,327		$	6,986
Commercial real estate		41,852			38,348
One-to-four family		158,560			150,613
Home equity		8,730			9,612
Consumer		6,145			8,318
		223,614			213,877
Premiums, net		69			71
Deferred loan costs, net		561			494
Allowance for loan losses		(2,290	)		(1,754	)
	$	221,954		$	212,688

Age analysis of past due loans by loan class

	Commercial Business		Commercial Real Estate		One-to-Four Family		Home Equity		Consumer		Total
At September 30, 2012:
Past Due:
30-59 days	$	—	$	—	$	1,529	$	—	$	3	$	1,532
60-89 days		—		—		758		—		—		758
90 days or more		—		—		—		—		—		—
Total past due		—		—		2,287		—		3		2,290
Current		8,327		41,852		156,273		8,730		6,142		221,324
Total loans	$	8,327	$	41,852	$	158,560	$	8,730	$	6,145	$	223,614
At December 31, 2011
Past Due:
30-59 days	$	—	$	—	$	2,457	$	27	$	16	$	2,500
60-89 days		—		—		161		—		1		162
90 days or more		—		—		207		—		—		207
Total past due		—		—		2,825		27		17		2,869
Current		6,986		38,348		147,788		9,585		8,301		211,008
Total loans	$	6,986	$	38,348	$	150,613	$	9,612	$	8,318	$	213,877

Summary of loans by grade or classification

	Commercial Business		Commercial Real Estate		One-to-Four Family		Home Equity		Consumer		Total
At September 30, 2012:
Credit Quality Indicator:
Credit Risk Profile by Grade or Classification:
Pass	$	8,327	$	34,605	$	154,141	$	8,730	$	6,088	$	211,891
Special Mention		—		—		1,036		—		45		1,081
Substandard		—		575		1,692		—		—		2,267
Substandard Nonaccrual		—		6,672		1,691		—		12		8,375
Doubtful		—		—		—		—		—		—
Loss		—		—		—		—		—		—
Total	$	8,327	$	41,852	$	158,560	$	8,730	$	6,145	$	223,614
At December 31, 2011
Credit Quality Indicator:
Credit Risk Profile by Grade or Classification:
Pass	$	6,986	$	31,170	$	148,433	$	9,600	$	8,281	$	204,470
Special Mention		—		—		687		12		37		736
Substandard		—		7,178		1,493		—		—		8,671
Doubtful		—		—		—		—		—		—
Loss		—		—		—		—		—		—
Total	$	6,986	$	38,348	$	150,613	$	9,612	$	8,318	$	213,877

Impaired loans and nonperforming loans by loan class

	Commercial Business		Commercial Real Estate		One-to-Four Family		Home Equity		Consumer		Total
At September 30, 2012:
Impaired loans:
Impaired loans with an allowance for loan losses	$	—	$	2,999	$	388	$	—	$	12	$	3,399
Impaired loans with no allowance for loan losses		—		3,673		1,496		—		8		5,177
Total impaired loans	$	—	$	6,672	$	1,884	$	—	$	20	$	8,576
Unpaid principal balance of impaired loans	$	—	$	6,672	$	1,884	$	—	$	20	$	8,576
Allowance for loan losses on impaired loans	$	—	$	425	$	94	$	—	$	3	$	522
For the three months ended September 30, 2012:
Average recorded investment in impaired loans	$	—	$	5,935	$	1,908	$	—	$	22	$	7,865
Interest income recognized on impaired loans	$	—	$	81	$	19	$	—	$	—	$	100
For the three months ended September 30, 2011:
Average recorded investment in impaired loans	$	319	$	5,523	$	2,516	$	132	$	21	$	8,511
Interest income recognized on impaired loans	$	—	$	77	$	28	$	1	$	—	$	106
For the nine months ended September 30, 2012:
Average recorded investment in impaired loans	$	—	$	5,596	$	1,906	$	6	$	25	$	7,533
Interest income recognized on impaired loans	$	—	$	282	$	57	$	—	$	1	$	340
For the nine months ended September 30, 2011:
Average recorded investment in impaired loans	$	222	$	5,335	$	2,314	$	123	$	35	$	8,029
Interest income recognized on impaired loans	$	3	$	275	$	74	$	5	$	2	$	359
At December 31, 2011
Impaired loans:
Impaired loans with an allowance for loan losses	$	—	$	—	$	16	$	—	$	15	$	31
Impaired loans with no allowance for loan losses		—		5,258		1,741		12		15		7,026
Total impaired loans	$	—	$	5,258	$	1,757	$	12	$	30	$	7,057
Unpaid principal balance of impaired loans	$	—	$	5,258	$	1,757	$	12	$	30	$	7,057
Allowance for loan losses on impaired loans	$	—	$	—	$	14	$	—	$	5	$	19

Non performing loans by loans

	Commercial Business		Commercial Real Estate		One-to-Four Family		Home Equity		Consumer		Total
At September 30, 2012:
Nonperforming loans:
Nonaccrual loans	$	—	$	6,672	$	1,691	$	—	$	12	$	8,375
Loans past due 90 days and still accruing		—		—		—		—		—		—
Troubled debt restructurings (not included in nonaccrual loans)		—		—		183		—		14		197
	$	—	$	6,672	$	1,874	$	—	$	26	$	8,572
At December 31, 2011
Nonperforming loans:
Nonaccrual loans	$	—	$	—	$	207	$	—	$	—	$	207
Loans past due 90 days and still accruing		—		—		—		—		—		—
Troubled debt restructurings (not included in nonaccrual loans)		—		5,258		1,497		—		64		6,819
	$	—	$	5,258	$	1,704	$	—	$	64	$	7,026

Schedule of the activity in the allowance for loan losses by loan class and total investment in loans

	Commercial Business		Commercial Real Estate		One-to-Four Family			Home Equity			Consumer			Total
Three Months Ended September 30, 2012
Allowance for Loan Losses:
Balance, beginning of period	$	193	$	974	$	868		$	91		$	60		$	2,186
Provision for loan losses		33		156		(56	)		—			22			155
Loans charged to the allowance		—		—		(23	)		—			(33	)		(56	)
Recoveries of loans previously charged off		—		—		1			1			3			5
Balance, end of period	$	226	$	1,130	$	790		$	92		$	52		$	2,290
Nine Months Ended September 30, 2012
Allowance for Loan Losses:
Balance, beginning of period	$	130	$	624	$	778		$	133		$	89		$	1,754
Provision for loan losses		96		506		273			(15	)		(3	)		857
Loans charged to the allowance		—		—		(263	)		(28	)		(44	)		(335	)
Recoveries of loans previously charged off		—		—		2			2			10			14
Balance, end of period	$	226	$	1,130	$	790		$	92		$	52		$	2,290
At September 30, 2012
Allowance for Loan Losses:
Ending balance: individually evaluated for impairment	$	—	$	425	$	94		$	—		$	3		$	522
Ending balance: collectively evaluated for impairment	$	226	$	705	$	696		$	92		$	49		$	1,768
Loans:
Ending balance	$	8,327	$	41,852	$	158,560		$	8,730		$	6,145		$	223,614
Ending balance individually evaluated for impairment	$	—	$	6,672	$	1,884		$	—		$	20		$	8,576
Ending balance collectively evaluated for impairment	$	8,327	$	35,180	$	156,676		$	8,730		$	6,125		$	215,038
At December 31, 2011:
Allowance for Loan Losses:
Ending balance: individually evaluated for impairment	$	—	$	—	$	14		$	—		$	5		$	19
Ending balance: collectively evaluated for impairment	$	130	$	624	$	764		$	133		$	84		$	1,735
Loans:
Ending balance	$	6,986	$	38,348	$	150,613		$	9,612		$	8,318		$	213,877
Ending balance individually evaluated for impairment	$	—	$	5,258	$	1,757		$	12		$	30		$	7,057
Ending balance collectively evaluated for impairment	$	6,986	$	33,090	$	148,856		$	9,600		$	8,288		$	206,820

	Commercial Business			Commercial Real Estate			One-to-Four Family			Home Equity		Consumer			Total
Three Months Ended September 30, 2011:
Allowance for Loan Losses:
Balance, beginning of period	$	57		$	726		$	917		$	70	$	89		$	1,859
Provision for loan losses		136			74			79			20		—			309
Loans charged to the allowance		—			(230	)		(202	)		—		(9	)		(441	)
Recoveries of loans previously charged off		—			—			—			—		5			5
Balance, end of period	$	193		$	570		$	794		$	90	$	85		$	1,732
Nine Months Ended September 30, 2011:
Allowance for Loan Losses:
Balance, beginning of period	$	131		$	1,081		$	736		$	60	$	128		$	2,136
Provision for loan losses		187			186			333			30		(16	)		720
Loans charged to the allowance		(125	)		(697	)		(275	)		—		(40	)		(1,137	)
Recoveries of loans previously charged off		—			—			—			—		13			13
Balance, end of period	$	193		$	570		$	794		$	90	$	85		$	1,732
At September 30, 2011
Allowance for Loan Losses:
Ending balance: individually evaluated for impairment	$	119		$	—		$	117		$	37	$	—		$	273
Ending balance: collectively evaluated for impairment	$	74		$	570		$	677		$	53	$	85		$	1,459
At September 30, 2011:
Loans:
Ending balance	$	4,719		$	34,388		$	143,080		$	9,586	$	8,786		$	200,559
Ending balance individually evaluated for impairment	$	319		$	5,258		$	2,021		$	151	$	19		$	7,768
Ending balance collectively evaluated for impairment	$	4,400		$	29,130		$	141,059		$	9,435	$	8,767		$	192,791

Summary of troubled debt restructurings

	Commercial Business		Commercial Real Estate		One-to-Four Family		Home Equity		Consumer		Total
Troubled debt restructurings during the three months ended September 30, 2012:
Number of contracts		—		—		—		—		—		—
Pre-restructuring outstanding recorded investment	$	—	$	—	$	—	$	—	$	—	$	—
Post-restructuring outstanding recorded investment	$	—	$	—	$	—	$	—	$	—	$	—
Troubled debt restructurings during the previous twelve months that subsequently defaulted during the three months ended September 30, 2012
Number of contracts		—		—		—		—		—		—
Recorded investment	$	—	$	—	$	—	$	—	$	—	$	—
Troubled debt restructurings during the nine months ended September 30, 2012:
Number of contracts		—				1		—				1
Pre-restructuring outstanding recorded investment	$	—	$	—	$	392	$	—	$	—	$	392
Post-restructuring outstanding recorded investment	$	—	$	—	$	392	$	—	$	—	$	392
Troubled debt restructurings during the previous twelve months that subsequently defaulted during the nine months ended September 30, 2012
Number of contracts		—		—		3		—		—		3
Recorded investment	$	—	$	—	$	1,267	$	—	$	—	$	1,267
Troubled debt restructurings during the three months ended September 30, 2011:
Number of contracts		—		—		2		—		1		3
Pre-restructuring outstanding recorded investment	$	—	$	—	$	483	$	—	$	3	$	486
Post-restructuring outstanding recorded investment	$	—	$	—	$	499	$	—	$	3	$	502
Troubled debt restructurings during the previous twelve months that subsequently defaulted during the three months ended September 30, 2011
Number of contracts		—		—		—		—		—		—
Recorded investment	$	—	$	—	$	—	$	—	$	—	$	—
Troubled debt restructurings during the nine months ended September 30, 2011:
Number of contracts		—		3		2		—		2		7
Pre-restructuring outstanding recorded investment	$	—	$	5,581	$	483	$	—	$	12	$	6,076
Post-restructuring outstanding recorded investment	$	—	$	5,251	$	499	$	—	$	12	$	5,762
Troubled debt restructurings during the previous twelve months that subsequently defaulted during the nine months ended September 30, 2011
Number of contracts		—		—		1		—		—		1
Recorded investment	$	—	$	—	$	71	$	—	$	—	$	71