Allowance for Loan Losses and Foreclosed Real Estate

6 Months Ended

Jun. 30, 2018

Loans and Leases Receivable Disclosure [Abstract]

Allowance for Loan Losses and Foreclosed Real Estate

Note 6: Allowance for Loan Losses and Foreclosed Real Estate

Summarized in the tables below are changes in the allowance for loan losses for the indicated periods and information pertaining to the allocation of the allowance for loan losses, balances of the allowance for loan losses, loans receivable based on individual, and collective impairment evaluation by loan portfolio class. An allocation of a portion of the allowance to a given portfolio class does not limit the Company’s ability to absorb losses in another portfolio class.

	For the three months ended June 30, 2018
	Secured by		Secured by
	one-to-four		multi-family								Home equity
	family residences		residences			Construction			Commercial		lines of credit			Commercial		Other/
(In thousands)	real estate loans		real estate loans			real estate loans			real estate loans		real estate loans			& industrial		Unallocated		Total
Allowance for loan losses:
Beginning Balance	$	742	$	79		$	42		$	205	$	105		$	53	$	110	$	1,336
Charge-offs		-		-			-			-		-			-		-		-
Recoveries		-		-			-			-		-			-		-		-
Provisions		61		(1	)		(9	)		6		(2	)		1		19		75
Ending balance	$	803	$	78		$	33		$	211	$	103		$	54	$	129	$	1,411

	For the three months ended June 30, 2017
	Secured by		Secured by
	one-to-four		multi-family							Home equity
	family residences		residences		Construction		Commercial			lines of credit			Commercial		Other/
(In thousands)	real estate loans		real estate loans		real estate loans		real estate loans			real estate loans			& industrial		Unallocated		Total
Allowance for loan losses:
Beginning Balance	$	661	$	45	$	31	$	107		$	114		$	28	$	56	$	1,042
Charge-offs		-		-		-		-			-			-		-		-
Recoveries		-		-		-		-			-			-		-		-
Provisions		29		2		18		(1	)		(5	)		10		7		60
Ending balance	$	690	$	47	$	49	$	106		$	109		$	38	$	63	$	1,102

	For the six months ended June 30, 2018
	Secured by			Secured by
	one-to-four			multi-family								Home equity
	family residences			residences			Construction			Commercial		lines of credit			Commercial		Other/
(In thousands)	real estate loans			real estate loans			real estate loans			real estate loans		real estate loans			& industrial		Unallocated		Total
Allowance for loan losses:
Beginning Balance	$	816		$	80		$	54		$	148	$	107		$	47	$	9	$	1,261
Charge-offs		-			-			-			-		-			-		-		-
Recoveries		-			-			-			-		-			-		-		-
Provisions		(13	)		(2	)		(21	)		63		(4	)		7		120		150
Ending balance	$	803		$	78		$	33		$	211	$	103		$	54	$	129	$	1,411

	For the six months ended June 30, 2017
	Secured by		Secured by
	one-to-four		multi-family						Home equity
	family residences		residences		Construction		Commercial		lines of credit			Commercial		Other/
(In thousands)	real estate loans		real estate loans		real estate loans		real estate loans		real estate loans			& industrial		Unallocated			Total
Allowance for loan losses:
Beginning Balance	$	584	$	38	$	31	$	84	$	112		$	28	$	113		$	990
Charge-offs		-		-		-		-		-			-		-			-
Recoveries		-		-		-		-		-			-		-			-
Provisions		106		9		18		22		(3	)		10		(50	)		112
Ending balance	$	690	$	47	$	49	$	106	$	109		$	38	$	63		$	1,102

The Company had no foreclosed real estate at June 30, 2018 or December 31, 2017.

At June 30, 2018, the Company had one residential real estate loan for $55,000 in the process of foreclosure and at December 31, 2017, the Company had one residential real estate loan for $37,000 in the process of foreclosure.