Loans Receivable and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2017

Receivables [Abstract]

Summary of Loans

Loans at December 31, 2017 and 2016 are summarized as follows:

	December 31,			December 31,
	2017			2016
Mortgage loans:
1-4 family residential
Investor-Owned	$	287,158		$	227,409
Owner-Occupied		100,854			97,631
Multifamily residential		188,550			158,200
Nonresidential properties		151,193			121,500
Construction and land		67,240			30,340
Nonmortgage loans:
Business loans		12,873			15,719
Consumer loans		886			843
		808,754			651,642
Net deferred loan origination costs		1,020			711
Allowance for losses on loans		(11,071	)		(10,205	)
Loans, net	$	798,703		$	642,148

Schedule of Credit Risk Ratings by Loan Segment

The following tables present credit risk ratings by loan segment as of December 31, 2017 and 2016:

	December 31, 2017
	Mortgage Loans								Nonmortgage Loans
							Construction						Total
	1-4 Family		Multifamily		Nonresidential		and Land		Business		Consumer		Loans
Risk Rating:
Pass	$	370,629	$	188,030	$	148,253	$	59,914	$	12,726	$	886	$	780,438
Special mention		4,667		—		—		650		—		—		5,317
Substandard		12,716		520		2,940		6,676		147		—		22,999
Doubtful		—		—		—		—		—		—		—
Total	$	388,012	$	188,550	$	151,193	$	67,240	$	12,873	$	886	$	808,754

	December 31, 2016
	Mortgage Loans								Nonmortgage Loans
							Construction						Total
	1-4 Family		Multifamily		Nonresidential		and Land		Business		Consumer		Loans
Risk Rating:
Pass	$	313,345	$	158,200	$	117,467	$	24,316	$	15,697	$	843	$	629,868
Special mention		2,549		—		—		—				—		2,549
Substandard		9,146		—		4,033		6,024		22		—		19,225
Doubtful		—		—		—		—		—		—		—
Total	$	325,040	$	158,200	$	121,500	$	30,340	$	15,719	$	843	$	651,642

Schedule of Aging Analysis of Loans

Note 4. Loans Receivable and Allowance for Loan Losses (Continued)

An aging analysis of loans, as of December 31, 2017 and 2016, is as follows:

	December 31, 2017
			30-59		60-89		Over						Over
			Days		Days		90 Days				Nonaccrual		90 Days
	Current		Past Due		Past Due		Past Due		Total		Loans		Accruing
Mortgages:
1-4 Family
Investor-Owned	$	285,485	$	1,201	$	—	$	472	$	287,158	$	2,178	$	7
Owner-Occupied		96,878		585		—		3,391		100,854		5,317		—
Multifamily		188,504		46		—		—		188,550		521		—
Nonresidential properties		149,300		11		—		1,882		151,193		2,170		—
Construction and land		67,240		—		—		—		67,240		1,075		—
Nonmortgage Loans:
Business		12,583		239		—		51		12,873		147		—
Consumer		886		—		—		—		886		—		—
Total	$	800,876	$	2,082	$	—	$	5,796	$	808,754	$	11,408	$	7

	December 31, 2016
			30-59		60-89		Over						Over
			Days		Days		90 Days				Nonaccrual		90 Days
	Current		Past Due		Past Due		Past Due		Total		Loans		Accruing
Mortgages:
1-4 Family
Investor-Owned	$	224,368	$	2,716	$	—	$	325	$	227,409	$	2,049	$	—
Owner-Occupied		92,778		2,562		557		1,734		97,631		2,109		—
Multifamily		157,381		819		—		—		158,200		—		—
Nonresidential properties		119,465		41		—		1,994		121,500		2,397		—
Construction and land		30,340		—		—		—		30,340		1,145		—
Nonmortgage Loans:
Business		15,672		25		—		22		15,719		22		—
Consumer		843		—		—		—		843		—		—
Total	$	640,847	$	6,163	$	557	$	4,075	$	651,642	$	7,722	$	—

Schedule of Composition of Allowance for Loan Losses and Related Investment

Note 4. Loans Receivable and Allowance for Loan Losses (Continued)

The following schedules detail the composition of the allowance for loan losses and the related investment in loans as of December 31, 2017 and 2016, respectively.

	For the Year Ended December 31, 2017
	Mortgage Loans											Nonmortgage Loans								Total
	1-4 Family Investor Owned		1-4 Family Owner Occupied			Multifamily		Nonresidential		Construction and Land		Business			Consumer			Unallocated		For the Period
Allowances for loan losses:
Balance, beginning of period	$	3,147	$	1,804		$	2,705	$	1,320	$	615	$	597		$	17		$	—	$	10,205
Provision charged to expense		544		(578	)		402		95		588		676			(11	)		—		1,716
Losses charged-off		—		—			—		—		—		(1,423	)		(6	)		—		(1,429	)
Recoveries		25		176			2		9		2		359			6			—		579
Balance, end of period	$	3,716	$	1,402		$	3,109	$	1,424	$	1,205	$	209		$	6		$	—	$	11,071
Ending balance: individually    evaluated for impairment	$	506	$	375		$	—	$	39	$	—	$	2		$	—		$	—	$	922
Ending balance: collectively    evaluated for impairment		3,210		1,027			3,109		1,385		1,205		207			6			—		10,149
Unallocated		—		—			—		—		—		—			—			—		—
Total	$	3,716	$	1,402		$	3,109	$	1,424	$	1,205	$	209		$	6		$	—	$	11,071
Loans:
Ending balance: individually    evaluated for impairment	$	8,738	$	10,074		$	520	$	4,128	$	1,075	$	625		$	—		$	—	$	25,160
Ending balance: collectively    evaluated for impairment		278,420		90,780			188,030		147,065		66,165		12,248			886			—		783,594
Total	$	287,158	$	100,854		$	188,550	$	151,193	$	67,240	$	12,873		$	886		$	—	$	808,754

	For the Year Ended December 31, 2016
	Mortgage Loans														Nonmortgage Loans								Total
	1-4 Family Investor Owned			1-4 Family Owner Occupied			Multifamily			Nonresidential		Construction and Land			Business			Consumer			Unallocated		For the Period
Allowances for loan losses:
Balance, beginning of period	$	2,842		$	2,127		$	1,994		$	1,298	$	502		$	709		$	12		$	—	$	9,484
Provision charged to expense		325			(465	)		713			13		193			(845	)		9			—		(57	)
Losses charged-off		(38	)		—			(3	)		—		(85	)		—			(13	)		—		(139	)
Recoveries		18			142			1			9		5			733			9			—		917
Balance, end of period	$	3,147		$	1,804		$	2,705		$	1,320	$	615		$	597		$	17		$	—	$	10,205
Ending balance: individually    evaluated for impairment	$	383		$	719		$	—		$	261	$	—		$	10		$	—		$	—	$	1,373
Ending balance: collectively    evaluated for impairment		2,764			1,085			2,705			1,059		615			587			17			—		8,832
Unallocated		—			—			—			—		—			—			—			—		—
Total	$	3,147		$	1,804		$	2,705		$	1,320	$	615		$	597		$	17		$	—	$	10,205
Loans:
Ending balance: individually    evaluated for impairment	$	8,471		$	9,385		$	—		$	6,459	$	1,145		$	615		$	—		$	—	$	26,075
Ending balance: collectively    evaluated for impairment		218,938			88,246			158,200			115,041		29,195			15,104			843			—		625,567
Total	$	227,409		$	97,631		$	158,200		$	121,500	$	30,340		$	15,719		$	843		$	—	$	651,642

Note 4. Loans Receivable and Allowance for Loan Losses (Continued)

	For the Year Ended December 31, 2015
	Mortgage Loans															Nonmortgage Loans								Total
	1-4 Family Investor Owned			1-4 Family Owner Occupied			Multifamily			Nonresidential			Construction and Land			Business			Consumer			Unallocated		For the Period
Allowances for loan losses:
Balance, beginning of year	$	2,727		$	2,277		$	1,669		$	1,529		$	504		$	732		$	11		$	—	$	9,449
Provision charged to expense		204			(20	)		582			(243	)		75			(247	)		2			—		353
Losses charged-off		(142	)		(140	)		(257	)		(19	)		(77	)		—			(8	)		—		(643	)
Recoveries		53			10			-			31			-			224			7			—		325
Balance, end of year	$	2,842		$	2,127		$	1,994		$	1,298		$	502		$	709		$	12		$	—	$	9,484
Ending balance: individually    evaluated for impairment	$	386		$	782		$	—		$	277		$	—		$	1		$	—		$	—	$	1,446
Ending balance: collectively    evaluated for impairment		2,456			1,345			1,994			1,021			502			708			12			—		8,038
Unallocated		—			—			—			—			—			—			—			—		—
Total	$	2,842		$	2,127		$	1,994		$	1,298		$	502		$	709		$	12		$	—	$	9,484
Loans:
Ending balance: individually    evaluated for impairment	$	10,797		$	10,463		$	—		$	6,671		$	637		$	826		$	—		$	—	$	29,394
Ending balance: collectively    evaluated for impairment		193,134			95,743			122,836			99,791			22,246			13,524			788			—		548,062
Total	$	203,931		$	106,206		$	122,836		$	106,462		$	22,883		$	14,350		$	788		$	—	$	577,456

Schedule of Information Relates to Impaired Loans

Loans are considered impaired when current information and events indicate all amounts due may not be collectable according to the contractual terms of the related loan agreements. Impaired loans, including TDR’s, are identified by applying normal loan review procedures in accordance with the Allowance for Loan Loss methodology. Management periodically assesses loans to determine whether impairment exists. Any loan that is, or will potentially be, no longer performing in accordance with the terms of the original loan contract is evaluated to determine impairment.

The following information relates to impaired loans as of and for the years ended December 31, 2017, 2016 and 2015:

	Unpaid Contractual		Recorded Investment		Recorded Investment		Total				Average		Interest Income
	Principal		With No		With		Recorded		Related		Recorded		Recognized
December 31, 2017	Balance		Allowance		Allowance		Investment		Allowance		Investment		on Cash Basis
Mortgages:
1-4 Family	$	20,036	$	10,651	$	8,161	$	18,812	$	506	$	18,512	$	890
Multifamily		533		520		—		520		375		166		—
Nonresidential properties		4,729		3,633		495		4,128		—		5,231		166
Construction and land		1,233		1,075		—		1,075		39		1,042		—
Nonmortgage Loans:
Business		667		529		96		625		2		594		24
Consumer		—		—		—		—		—		—		—
Total	$	27,198	$	16,408	$	8,752	$	25,160	$	922	$	25,545	$	1,080

Note 4. Loans Receivable and Allowance for Loan Losses (Continued)

	Unpaid Contractual		Recorded Investment		Recorded Investment		Total				Average		Interest Income
	Principal		With No		With		Recorded		Related		Recorded		Recognized
December 31, 2016	Balance		Allowance		Allowance		Investment		Allowance		Investment		on Cash Basis
Mortgages:
1-4 Family	$	19,367	$	7,507	$	10,349	$	17,856	$	1,102	$	20,131	$	722
Multifamily		—		—		—		—		—		309		—
Nonresidential properties		7,096		3,897		2,562		6,459		261		6,541		235
Construction and land		1,241		1,145		—		1,145		—		912		—
Nonmortgage Loans:
Business		672		605		10		615		10		748		24
Consumer		—		—		—		—		—		—		—
Total	$	28,376	$	13,154	$	12,921	$	26,075	$	1,373	$	28,641	$	981

	Unpaid Contractual		Recorded Investment		Recorded Investment		Total				Average		Interest Income
	Principal		With No		With		Recorded		Related		Recorded		Recognized
December 31, 2015	Balance		Allowance		Allowance		Investment		Allowance		Investment		on Cash Basis
Mortgages:
1-4 Family	$	23,060	$	11,025	$	10,235	$	21,260	$	1,169	$	24,797	$	993
Multifamily		—		—		—		—		—		1,544		2
Nonresidential properties		7,264		4,028		2,643		6,671		277		6,595		302
Construction and land		662		637		—		637		—		931		45
Nonmortgage Loans:
Business		891		755		71		826		1		993		44
Consumer		—		—		—		—		—		2		3
Total	$	31,877	$	16,445	$	12,949	$	29,394	$	1,447	$	34,862	$	1,389

Schedule of Troubled Debt Restructuring

	Loans Restructured During						All TDRs with a payment default within 12 months following the
	Year Ended December 31, 2017						modification
			Pre-		Post-				Balance
			Modification		Modification				of Loans
	Number		Recorded		Recorded		Number		at the Time
	of Loans		Balance		Balance		of Loans		of Default
Mortgages:
1-4 Family		1	$	176	$	176		—	$	—
Total		1	$	176	$	176		—	$	—
Combination of rate, maturity, other		1	$	176	$	176		—	$	—
Total		1	$	176	$	176		—	$	—