Loans (Tables)

9 Months Ended

Sep. 30, 2019

Loans and Leases Receivable Disclosure [Abstract]

Schedule of net loans

	September 30,		December 31,
(In thousands)	2019		2018
Real estate loans:
Secured by one-to-four family residences	$	215,400	$	221,602
Secured by multi-family residences		10,973		10,241
Construction		5,706		4,898
Commercial real estate		21,961		22,492
Home equity lines of credit		17,101		16,766
Total real estate loans		271,141		275,999
Commercial and industrial loans		7,296		7,290
Other loans		47		50
Total loans		278,484		283,339
Net deferred loan origination fees		(37)		(37)
Less allowance for loan losses		(1,736)		(1,561)
Loans receivable, net	$	276,711	$	281,741

Schedule of risk category of loans by class

	As of September 30, 2019
			Special
(In thousands)	Pass		Mention		Substandard		Doubtful		Total
Real estate loans:
Secured by one-to-four family residences	$	212,434	$	184	$	2,782	$	–	$	215,400
Secured by multi-family residences		10,973		–		–		–		10,973
Construction		5,706		–		–		–		5,706
Commercial real estate		20,061		697		1,203		–		21,961
Home equity lines of credit		16,931		–		170		–		17,101
Total real estate loans		266,105		881		4,155		–		271,141
Commercial & industrial loans		7,221		30		45		–		7,296
Other loans		47		–		–		–		47
Total loans	$	273,373	$	911	$	4,200	$	–	$	278,484

	As of December 31, 2018
			Special
(In thousands)	Pass		Mention		Substandard		Doubtful		Total
Real estate loans:
Secured by one-to-four family residences	$	218,222	$	494	$	2,886	$	–	$	221,602
Secured by multi-family residences		10,241		–		–		–		10,241
Construction		4,898		–		–		–		4,898
Commercial real estate		21,313		931		248		–		22,492
Home equity lines of credit		16,565		–		201		–		16,766
Total real estate loans		271,239		1,425		3,335		–		275,999
Commercial & industrial loans		7,245		–		45		–		7,290
Other loans		50		–		–		–		50
Total loans	$	278,534	$	1,425	$	3,380	$	–	$	283,339

Schedule of age of the loan delinquencies by type and by amount past due

	As of September 30, 2019
	30-59 Days		60-89 Days		90 Days		Total				Total Loans
(In thousands)	Past Due		Past Due		and Over		Past Due		Current		Receivable
Real estate loans:
Secured by one-to-four family residences	$	332	$	819	$	55	$	1,206	$	214,194	$	215,400
Secured by multi-family residences		–		–		–		–		10,973		10,973
Construction		–		–		–		–		5,706		5,706
Commercial		–		1,653		248		1,901		20,060		21,961
Home equity lines of credit		50		–		–		50		17,051		17,101
Total real estate loans		382		2,472		303		3,157		267,984		271,141
Commercial & industrial loans		30		–		45		75		7,221		7,296
Other loans		–		–		–		–		47		47
Total loans	$	412	$	2,472	$	348	$	3,232	$	275,252	$	278,484

	As of December 31, 2018
	30-59 Days		60-89 Days		90 Days		Total				Total Loans
(In thousands)	Past Due		Past Due		and Over		Past Due		Current		Receivable
Real estate loans:
Secured by one-to-four family residences	$	227	$	349	$	55	$	631	$	220,971	$	221,602
Secured by multi-family residences		–		–		–		–		10,241		10,241
Construction		–		–		–		–		4,898		4,898
Commercial		248		–		–		248		22,244		22,492
Home equity lines of credit		147		–		–		147		16,619		16,766
Total real estate loans		622		349		55		1,026		274,973		275,999
Commercial & industrial loans		–		–		45		45		7,245		7,290
Other loans		–		–		–		–		50		50
Total loans	$	622	$	349	$	100	$	1,071	$	282,268	$	283,339

Schedule of nonaccrual loans

	September 30,		December 31,
(In thousands)	2019		2018
Residential mortgage loans:
Secured by one-to-four family residences	$	55	$	55
		55		55
Commercial loans:
Real estate		944		–
Commercial and industrial loans		45		45
		989		45
Consumer loans:
Home equity lines of credit		–		–
Total nonaccrual loans	$	1,044	$	100

Schedule of impaired loans by portfolio segment

	As of September 30, 2019
			Unpaid				Average
	Recorded		Principal		Related		Recorded
(In thousands)	Investment		Balance		Allowance		Investment
With an allowance recorded:
Commercial real estate	$	944	$	944	$	180	$	950
Commercial & industrial loans		45		45		30		45
Total loans	$	989	$	989	$	210	$	995

	As of December 31, 2018
			Unpaid				Average
	Recorded		Principal		Related		Recorded
(In thousands)	Investment		Balance		Allowance		Investment
With an allowance recorded:
Commercial real estate	$	–	$	–	$	–	$	–
Commercial & industrial loans		–		–		–		–
Total loans	$	–	$	–	$	–	$	–