LOANS RECEIVABLE (Tables)

9 Months Ended

Sep. 30, 2013

Schedule Of Classification Of Loans Receivable [Table Text Block]

A summary of loans receivable at September 30, 2013 and December 31, 2012 is as follows:

	September 30,		December 31,
(Dollars in thousands)	2013		2012
Real estate loans:
One-to-four family	$	201,752	$	209,004
Multi-family and commercial real estate		125,746		133,549
Construction and land development		9,529		26,633
Total real estate loans		337,027		369,186
Commercial business loans		26,602		32,970
Consumer loans:
Home equity		27,557		28,829
Other consumer		706		1,297
Total consumer loans		28,263		30,126
Total loans		391,892		432,282
Less:
Allowance for loan losses		10,848		14,500
Deferred loan origination fees, net		70		169
Loans receivable, net	$	380,974	$	417,613

Financing Receivable Credit Quality Indicators [Table Text Block]

The following tables are a summary of the loan portfolio credit quality indicators, by loan class, as of September 30, 2013 and December 31, 2012:

	Credit Risk Profile by Internally Assigned Grade:
	One-to-Four Family		Multi-Family and Commercial Real Estate		Construction and Land Development		Commercial Business Loans		Consumer Loans		Total
September 30, 2013
Risk Rating:
Pass	$	190,233	$	95,021	$	1,636	$	18,591	$	27,242	$	332,723
Special Mention		4,614		24,348		1,107		4,423		290		34,782
Substandard:
- Accruing		1,540		3,147		2,862		1,011		214		8,774
- Nonaccruing (1)		5,365		3,230		3,924		2,480		517		15,516
Subtotal - substandard		6,905		6,377		6,786		3,491		731		24,290
Doubtful		-		-		-		97		-		97
Total	$	201,752	$	125,746	$	9,529	$	26,602	$	28,263	$	391,892

		Multi-Family and Commercial Real Estate
	Credit Risk Profile by Internally Assigned Grade:
September 30, 2013	Investor Owned One-to-Four family and multi- family		Industrial and Warehouse Properties		Office Buildings		Retail Properties		Special Use Properties		Total Multi-Family and Commercial Real Estate
Risk Rating:
Pass	$	11,732	$	23,083	$	18,627	$	15,656	$	25,923	$	95,021
Special Mention		3,500		7,391		2,797		5,206		5,454		24,348
Substandard:
- Accruing		-		1,815		375		462		495		3,147
- Nonaccruing (1)		1,182		154		350		400		1,144		3,230
Subtotal - substandard		1,182		1,969		725		862		1,639		6,377
Doubtful		-		-		-				-		-
Total	$	16,414	$	32,443	$	22,149	$	21,724	$	33,016	$	125,746

(1)	Non-accrual loans included substandard nonaccruing loans and non-performing consumer loans.

	Credit Risk Profile by Internally Assigned Grade:
December 31, 2012	One-to-Four Family		Multi-Family and Commercial Real		Construction and Land		Commercial Business Loans		Total
Risk Rating:
Pass	$	198,800	$	90,544	$	12,817	$	24,271	$	326,432
Special Mention		4,807		26,198		2,159		3,255		36,419
Substandard:
- Accruing		1,709		7,776		2,402		2,043		13,930
- Nonaccruing (1)		3,688		9,031		9,255		3,401		25,375
Subtotal - substandard		5,397		16,807		11,657		5,444		39,305
Doubtful		-		-		-		-		-
Total	$	209,004	$	133,549	$	26,633	$	32,970	$	402,156

Consumer loans were not risk rated at December 31, 2012 and the credit risk profile was based on payment performance. The following table represents the credit risk profile on consumer loans as of December 31, 2012.

Consumer Loans - Credit Risk Profile Based on Payment Activity:
(In thousands)	At December 31, 2012
Grade:
Performing	$	29,853
Nonperforming (1)		273
Total	$	30,126

(1) Non-accrual loans included substandard nonaccruing loans and non-performing consumer loans.

Past Due Financing Receivables [Table Text Block]

The following tables set forth certain information with respect to our loan portfolio delinquencies, by loan class, as of September 30, 2013 and December 31, 2012:

	Delinquencies
					Greater									Carrying Amount > 90
		31-60 Days Past		61-90 Days	Than		Total Past							Days and
	Due		Past Due		90 Days		Due		Current		Total Loans		Accruing
As of September 30, 2013
(In thousands)
Real estate loans
One-to-four family	$	2,059	$	327	$	2,384	$	4,770	$	196,982	$	201,752	$	-
Construction and land development		485		-		3,865		4,350		5,179		9,529		-
Multi-family and commercial real estate:														-
Investor owned one-to-four family and multi-family		1,041		-		623		1,664		14,750		16,414		-
Industrial and Warehouse		229		652		154		1,035		31,408		32,443		-
Office buildings		109		-		350		459		21,690		22,149
Retail properties		-		-		-		-		21,724		21,724		-
Special use properties		740		-		-		740		32,276		33,016		-
Subtotal Multi-family and commercial real estate		2,119		652		1,127		3,898		121,848		125,746		-
Commercial business loans		1,061		52		2,429		3,542		23,060		26,602
Consumer loans:
Home equity loans		70		33		321		424		27,133		27,557		-
Other consumer loans		1		-		-		1		705		706
Subtotal Consumer		71		33		321		425		27,838		28,263		-
Total	$	5,795	$	1,064	$	10,126	$	16,985	$	374,907	$	391,892	$	-

As of December 31, 2012
(In thousands)
Real estate loans
One-to-four family	$	1,820	$	735	$	1,329	$	3,884	$	205,120	$	209,004	$	-
Construction		489		136		8,654		9,279		17,354		26,633		-
Multi-family and commercial real estate		1,688		174		6,225		8,087		125,462		133,549		-
Commercial business loans		642		1,169		1,917		3,728		29,242		32,970		-
Consumer and other		1,353		184		100		1,637		28,489		30,126		-
Total	$	5,992	$	2,398	$	18,225	$	26,615	$	405,667	$	432,282	$	-

Impaired Financing Receivables [Table Text Block]

The following tables set forth certain information with respect to our nonperforming assets as of September 30, 2013 and December 31, 2012:

		September 30,			December 31,
	2013			2012
Nonperforming Assets		(Dollars in thousands)
Nonaccrual loans	$	10,053		$	22,306
TDRs nonaccruing		7,013			8,277
Subtotal nonperforming loans		17,066			30,583
Foreclosed real estate		887			735
Total nonperforming assets	$	17,953		$	31,318
Total nonperforming loans to total loans		4.35	%		7.07	%
Total nonperforming assets to total assets		3.68	%		5.95	%

Schedule Of Impaired Loans Receivable [Table Text Block]

The following tables summarize impaired loans by portfolio segment as of September 30, 2013 and December 31, 2012:

	Recorded Investment with		Recorded Investment with
As of September 30, 2013	No Specific Valuation Allowance		Specific Valuation Allowance		Total Recorded Investment		Unpaid Contractual Principal Balance		Related Specific Valuation Allowance
		(In thousands)
Real estate loans
One-to four-family	$	5,470	$	1,353	$	6,823	$	7,557	$	55
Construction and land development		3,223		700		3,923		7,065		570
Multi-family and commercial real estate:
Investor owned one-to-four family and multi-family properties		951		230		1,181		1,278		22
Industrial and warehouse properties		34		120		154		293		6
Office buildings		-		350		350		406		75
Retail properties		-		400		400		467		34
Special use properties		513		631		1,144		1,608		18
Subtotal		1,498		1,731		3,229		4,052		155
Commercial business loans		1,747		1,063		2,810		3,264		590
Consumer loans		595		91		686		793		16
Total impaired loans	$	12,533	$	4,938	$	17,471	$	22,731	$	1,386

	Recorded Investment with		Recorded Investment with
As of December 31, 2012	No Specific Valuation Allowance		Specific Valuation Allowance		Total Recorded Investment		Unpaid Contractual Principal Balance		Related Specific Valuation Allowance
	(In thousands)
Real estate loans
One-to four-family	$	4,422	$	119	$	4,541	$	4,944	$	5
Construction and land development		5,884		2,402		8,286		15,298		119
Multi-family and commercial real estate		12,177		2,196		14,373		16,832		271
Commercial business loans		2,731		1,214		3,945		4,419		340
Consumer loans		255		45		300		385		1
Total impaired loans	$	25,469	$	5,976	$	31,445	$	41,878	$	736

Schedule Of Interest Income Recognized By Class Of Impaired Loans [Table Text Block]

The following table relates to interest income recognized by segment of impaired loans for the nine months ended September 30, 2013 and 2012:

	Nine Months Ended September 30,
	2013				2012
		Average Recorded Investments		Interest Income Recognized		Average Recorded Investments		Interest Income Recognized
	(In thousands)
Real estate loans
One-to four-family	$	6,896	$	144	$	4,925	$	122
Construction		3,953		6		11,178		120
Multi-family and commercial real estate		5,529		41		12,705		190
Commercial business loans		556		45		1,534		27
Consumer loans		696		15		340		12
Total	$	17,630	$	251	$	30,682	$	471

Impaired Loans Modified Tdr [Table Text Block]

The recorded investment balance of performing and nonperforming TDRs as of September 30, 2013 and December 31, 2012 are as follows:

(In thousands)	As of September 30, 2013		As of December 31, 2012
Aggregate recorded investment of impaired loans
performing under terms modified through a troubled debt restructuring:
Performing	$	3,889	$	3,573
Nonperforming		4,407		5,566
Total	$	8,296	$	9,139

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following table presents a summary of loans that were restructured during the nine months ended September 30, 2013 and September 30, 2012:

	For the Nine Months Ended September 30, 2013
(Dollars in thousands)	Number of Loans		Pre- Modification Recorded Investment		Funds Disbursed		Interest and Escrow Capitalized		Post- Modification Recorded Investment
Real estate loans:
One-to-four family		6	$	1,434	$	7	$	-	$	1,441
Multi-family and commercial real estate		5		395		46		-		441
Commercial business loans		5		1,087		10		-		1,097
Consumer loans - home equity		1		51		-		-		51
Total TDRs restructured during
the period		17	$	2,967	$	63	$	-	$	3,030

TDRs, still accruing interest		1	$	135	$	-	$	-	$	135
TDRs, included in nonaccrual		15		2,662		63		-		2,725
Sold		1		170		-		-		170
Total		17	$	2,967	$	63	$	-	$	3,030

	For the Nine Months Ended September 30, 2012
(Dollars in thousands)	Number of Loans		Pre- Modification Recorded Investment		Funds Disbursed		Interest and Escrow Capitalized		Post- Modification Recorded Investment
Real estate loans:
One-to four-family		6	$	1,440	$	3	$	3	$	1,446
Construction		-		-		-		-		-
Multi-family and commercial real estate		1		426		-		-		426
Commercial business loans		9		292		-		-		292
Consumer loans:
Home equity		4		168		-		-		168
Total TDRs restructured during the period		20	$	2,326	$	3	$	3	$	2,332
TDRs, still accruing interest		4	$	580	$	-	$	-	$	580
TDRs, included in nonaccrual		16		1,746		3		3		1,752
Total		20	$	2,326	$	3	$	3	$	2,332

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

The following tables set forth the balance of and transactions in the allowance for loan losses at September 30, 2013, December 31, 2012 and September 30, 2012, by portfolio segment, disaggregated by impairment methodology, which is then further segregated by loans evaluated for impairment individually and collectively.

As of and for the Nine Months	One-to-Four Family		Multi-Family and Commercial Real Estate		Construction and Land Development		Commercial Business Loans		Consumer Loans		Total
Ended September 30, 2013
(In thousands)
Allowance for loan losses:
Beginning balance	$	1,988	$	4,892	$	4,468	$	2,725	$	427	$	14,500
Provision for loan losses		34		4,117		(570)		526		43		4,150
Charge-offs		(585)		(4,418)		(2,147)		(1,808)		(55)		(9,013)
Recoveries		-		590		102		514		5		1,211
Balance at September 30, 2013	$	1,437	$	5,181	$	1,853	$	1,957	$	420	$	10,848
Allowance related to loans:
Individually evaluated for impairment	$	55	$	155	$	570	$	590	$	16	$	1,386
Collectively evaluated for impairment		1,382		5,026		1,283		1,367		404		9,462
Total Allowance	$	1,437	$	5,181	$	1,853	$	1,957	$	420	$	10,848
Ending loan balance individually evaluated for impairment	$	6,823	$	3,230	$	3,923	$	2,810	$	685	$	17,471
Ending loan balance collectively evaluated for impairment		194,929		122,516		5,606		23,792		27,578		374,421
Total Loans	$	201,752	$	125,746	$	9,529	$	26,602	$	28,263	$	391,892

	Multi-Family and Commercial Real Estate
As of and for the Nine Months	Investor one- to-four family and multi- family		Industrial and Warehouse Properties		Office Buildings		Retail Properties		Special Use Properties		Total Multi- Family and Commercial Real Estate
Ended September 30, 2013
(In thousands)
Allowance for loan losses:
Beginning balance	$	-	$	-	$	-	$	-	$	-	$	4,892
Provision for loan losses		-		-		-		-		-		3,689
Charge-offs		-		-		-		-		-		(4,351)
Recoveries		-		-		-		-		-		590
Subtotal												4,820
Redistributed through segment expansion		526		818		421		519		2,536		4,820
Segment ending balance as of June 30, 2013		526		818		421		519		2,536		4,820
Provision for loan losses in third quarter		(48)		150		33		186		107		428
Charge-offs in third quarter		-		-		-		(67)		-		(67)
Recoveries in third quarter		-		-		-		-		-		-
Segment balance at September 30, 2013	$	478	$	968	$	454	$	638	$	2,643	$	5,181
Allowance related to loans:
Individually evaluated for impairment	$	22	$	6	$	75	$	34	$	18	$	155
Collectively evaluated for impairment		456		962		379		604		2,625		5,026
Total Allowance	$	478	$	968	$	454	$	638	$	2,643	$	5,181
Ending loan balance individually evaluated for impairment	$	1,182	$	155	$	350	$	400	$	1,143	$	3,230
Ending loan balance collectively evaluated for impairment		15,232		32,288		21,799		21,324		31,873		122,516
Total Loans	$	16,414	$	32,443	$	22,149	$	21,724	$	33,016	$	125,746

	One-to-Four Family		Multi-Family and Commercial Real Estate		Construction and Land Development		Commercial Business Loans		Consumer Loans		Total
As of and for the Nine Months
Ended September 30, 2012
(In thousands)
Allowance for Loan Losses:
Beginning Balance	$	1,745	$	3,745	$	1,327	$	754	$	482	$	8,053
Provision for loan losses		2,233		4,897		6,070		3,249		556		17,005
Charge-offs		(571)		(934)		(5,504)		(2,260)		-		(9,269)
Recoveries		4		-		-		6		2		12
Ending Balance	$	3,411	$	7,708	$	1,893	$	1,749	$	1,040	$	15,801
Allowance related to loans:
Individually evaluated for impairment	$	-	$	1,306	$	-	$	-	$	-	$	1,306
Collectively evaluated for impairment		3,411		6,402		1,893		1,749		1,040		14,495
Total Allowance	$	3,411	$	7,708	$	1,893	$	1,749	$	1,040	$	15,801

Ending loan balance individually evaluated for impairment	$	7,050	$	15,146	$	13,382	$	1,858	$	262	$	37,698
Ending loan balance collectively evaluated for impairment		203,261		9,242		128,139		32,421		30,735		403,798
Total Loans	$	210,311	$	24,388	$	141,521	$	34,279	$	30,997	$	441,496

At December 31, 2012
Allowance for loan losses:
Ending balance	$	1,988	$	4,892	$	4,468	$	2,725	$	427	$	14,500
Allowance related to loans:
Individually evaluated for impairment	$	5	$	271	$	119	$	340	$	1	$	736
Collectively evaluated for impairment		1,983		4,621		4,349		2,385		426		13,764
Total Allowance	$	1,988	$	4,892	$	4,468	$	2,725	$	427	$	14,500

Ending loan balance individually evaluated for impairment	$	4,541	$	14,373	$	8,286	$	3,945	$	300	$	31,445
Ending loan balance collectively evaluated for impairment		204,463		119,176		18,347		29,025		29,826		400,837
Total Loans	$	209,004	$	133,549	$	26,633	$	32,970	$	30,126	$	432,282