Loans (Tables)

12 Months Ended

Dec. 31, 2016

Receivables [Abstract]

Summary of Loan Portfolio

A summary of the loan portfolio at year end is as follows:

	December 31,
	2016			2015
	(In thousands)
Mortgage loans on real estate:
Residential:
One-to-four family	$	179,025		$	166,483
Home equity loans and lines of credit		35,393			33,259
Commercial		88,394			74,911
Construction		23,629			7,807
		326,441			282,460
Commercial and industrial		2,067			2,040
Consumer		6,578			2,602
Total loans		335,086			287,102
Allowance for loan losses		(3,271	)		(3,239	)
Net deferred loan costs and fees, and purchase premiums		1,176			1,288
	$	332,991		$	285,151

Summary of Changes in Loans to Directors, Executive Officers and Affiliates

The following table summarizes the changes in loans to directors, executive officers and their affiliates for the years ended December 31, 2016 and 2015:

	2016			2015
	(In thousands)
Balance at beginning of the year	$	32		$	57
New loans		—			—
Repayments		(32	)		(25	)
Balance at end of year	$	—		$	32

Summary of Activity in the Allowance for Loan Losses by Loan Category

The following table presents activity in the allowance for loan losses, by loan category, for the years ended December 31, 2016, and 2015 and allocation of the allowance to each category as of December 31, 2016 and 2015:

				Second
	Residential			Mortgages			Commercial					Commercial
	1-4 Family			and HELOC			Real Estate			Construction		and Industrial			Consumer			Total
	(In thousands)
Allowance for loan losses
Balance at December 31, 2014	$	1,368		$	488		$	1,539		$	60	$	51		$	38		$	3,544
Provision (credit) for loan losses		(181	)		24			(137	)		99		18			40			(137	)
Loans charged-off		(128	)		—			(35	)		—		—			(40	)		(203	)
Recoveries		17			—			—			—		3			15			35
Balance at December 31, 2015		1,076			512			1,367			159		72			53			3,239
Provision (credit) for loan losses		(66	)		(76	)		43			66		(20	)		156			103
Loans charged-off		—			—			—			—		(15	)		(81	)		(96	)
Recoveries		8			—			—			—		—			17			25
Balance at December 31, 2016	$	1,018		$	436		$	1,410		$	225	$	37		$	145		$	3,271

Summary of Additional Information Pertaining to the Allowance for Loan Losses

December 31, 2016
Allowance for impaired loans	$	190	$	2	$	8	$	—	$	—	$	—	$	200
Allowance for non-impaired loans		828		434		1,402		225		37		145		3,071
Total allowance for loan losses	$	1,018	$	436	$	1,410	$	225	$	37	$	145	$	3,271
Impaired loans	$	4,506	$	276	$	832	$	—	$	—	$	—	$	5,614
Non-impaired loans		174,519		35,117		87,562		23,629		2,067		6,578		329,472
Total loans	$	179,025	$	35,393	$	88,394	$	23,629	$	2,067	$	6,578	$	335,086
December 31, 2015
Allowance for impaired loans	$	254	$	2	$	28	$	—	$	—	$	—	$	284
Allowance for non-impaired loans		822		510		1,339		159		72		53		2,955
Total allowance for loan losses	$	1,076	$	512	$	1,367	$	159	$	72	$	53	$	3,239
Impaired loans	$	4,961	$	277	$	1,449	$	—	$	16	$	—	$	6,703
Non-impaired loans		161,522		32,982		73,462		7,807		2,024		2,602		280,399
Total loans	$	166,483	$	33,259	$	74,911	$	7,807	$	2,040	$	2,602	$	287,102

Schedule of Past Due and Non-Accrual Loans by Loan Category

The following table presents past due and non-accrual loans, by loan category, at December 31, 2016 and 2015:

	30 - 59 Days Past Due		60 - 89 Days Past Due		90 Days or More Past Due		Total Past Due		Non-accrual Loans
	(In thousands)
December 31, 2016
Residential one-to-four family	$	1,168	$	201	$	—	$	1,369	$	1,945
Home equity loans and lines of credit		258		—		—		258		276
Commercial real estate		400		—		—		400		—
Construction		—		—		—		—		—
Commercial and industrial		—		—		—		—		—
Consumer		59		—		—		59		—
Total	$	1,885	$	201	$	—	$	2,086	$	2,221
December 31, 2015
Residential one-to-four family	$	403	$	133	$	46	$	582	$	2,022
Home equity loans and lines of credit		—		247		—		247		30
Commercial real estate		—		—		—		—		—
Construction		—		—		—		—		—
Commercial and industrial		—		—		—		—		16
Consumer		—		—		—		—		—
Total	$	403	$	380	$	46	$	829	$	2,068

Summary of Impaired Loans and Information Related to Average Balances of Impaired Loans and Interest Income Recognized

Further information pertaining to impaired loans, which includes both non-accrual loans and troubled debt restructurings, follows:

	Recorded Investment		Unpaid Principal Balance		Related Allowance
	(In thousands)
December 31, 2016
Impaired loans without a valuation allowance:
Residential one-to-four family	$	1,922	$	1,877	$	—
Home equity loans and lines of credit		246		246		—
Commercial real estate		270		270		—
Total		2,438		2,393		—
Impaired loans with a valuation allowance:
Residential one-to-four family		2,648		2,629		190
Home equity loans and lines of credit		31		30		2
Commercial real estate		562		562		8
Total		3,241		3,221		200
Total impaired loans	$	5,679	$	5,614	$	200
December 31, 2015
Impaired loans without a valuation allowance:
Residential one-to-four family	$	906	$	874	$	—
Home equity loans and lines of credit		247		247		—
Commercial real estate		422		422		—
Commercial  and industrial		16		16		—
Total		1,591		1,559		—
Impaired loans with a valuation allowance:
Residential one-to-four family		4,120		4,088		254
Home equity loans and lines of credit		31		30		2
Commercial real estate		1,026		1,026		28
Total		5,177		5,144		284
Total impaired loans	$	6,768	$	6,703	$	284

Information related to the average balances of impaired loans and the interest income recognized on such loans, follows:

	Average		Interest		Cash Basis
	Recorded		Income		Interest
	Investment		Recognized		Recognized
	(In thousands)
Year Ended December 31, 2016
Residential one-to-four family	$	4,738	$	158	$	56
Home equity loans and lines of credit		260		1		1
Commercial real estate		1,122		51		—
Commercial and industrial		5		2		1
Total	$	6,125	$	212	$	58
Year Ended December 31, 2015
Residential one-to-four family	$	5,981	$	239	$	92
Home equity loans and lines of credit		71		3		1
Commercial real estate		5,219		309		45
Commercial and industrial		17		1		1
Total	$	11,288	$	552	$	139

Summary of Company's Loans by Risk Rating

The following table presents the Company’s loans by risk rating at December 31, 2016 and 2015:

	December 31, 2016						December 31, 2015
	Commercial RealEstate		Construction		Commercial and Industrial		Commercial RealEstate		Construction		Commercial and Industrial
	(In thousands)
Loans rated 1 - 3A	$	88,186	$	23,286	$	2,067	$	73,517	$	7,807	$	2,006
Loans rated 4		—		343		—		1,145		—		—
Loans rated 5		208		—		—		249		—		34
	$	88,394	$	23,629	$	2,067	$	74,911	$	7,807	$	2,040