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, 2016
	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	$	539	$	41		$	8	$	46	$	104	$	11	$	106	$	855
Charge-offs		-		-			-		-		-		-		-		-
Recoveries		-		-			-		-		-		-		-		-
Provisions		30		(2	)		10		1		1		2		3		45
Ending balance	$	569	$	39		$	18	$	47	$	105	$	13	$	109	$	900

	For the three months ended June 30, 2015
	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	$	441	$	29		$	5	$	14	$	97	$	1	$	104		$	691
Charge-offs		-		-			-		-		-		-		-			-
Recoveries		-		-			-		-		-		-		-			-
Provisions		72		(1	)		2		8	$	1		1		(46	)		37
Ending balance	$	513	$	28		$	7	$	22	$	98	$	2	$	58		$	728

	For the six months ended June 30, 2016
	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	$	524	$	39	$	6	$	35	$	101	$	11	$	95		$	811
Charge-offs		-		-		-		-		-		-		(1	)		(1	)
Recoveries		-		-		-		-		-		-		-			-
Provisions		45		-		12		12		4		2		15			90
Ending balance	$	569	$	39	$	18	$	47	$	105	$	13	$	109		$	900

	For the six months ended June 30, 2015
	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	$	448	$	29		$	6	$	14	$	87	$	1	$	68		$	653
Charge-offs		-		-			-		-		-		-		-			-
Recoveries		-		-			-		-		-		-		-			-
Provisions		65		(1	)		1		8	$	11		1		(10	)		75
Ending balance	$	513	$	28		$	7	$	22	$	98	$	2	$	58		$	728

The Company had no foreclosed real estate at June 30, 2016 or December 31, 2015.

At June 30, 2016 and December 31, 2015, the Company did not have any residential real estate loans in the process of foreclosure.