Loans Receivable and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Summary of Loans

Loans at December 31, 2018 and 2017 are summarized as follows:

	December 31,			December 31,
	2018			2017
Mortgage loans:
1-4 family residential
Investor-Owned	$	303,197		$	287,158
Owner-Occupied		92,788			100,854
Multifamily residential		232,509			188,550
Nonresidential properties		196,917			151,193
Construction and land		87,572			67,240
Nonmortgage loans:
Business loans		15,710			12,873
Consumer loans		1,068			886
		929,761			808,754
Net deferred loan origination costs		1,407			1,020
Allowance for losses on loans		(12,659	)		(11,071	)
Loans, net	$	918,509		$	798,703

Schedule of Credit Risk Ratings by Loan Segment

The following tables present credit risk ratings by loan segment as of December 31, 2018 and 2017:

	December 31, 2018
	Mortgage Loans								Nonmortgage Loans
	1-4						Construction						Total
	Family		Multifamily		Nonresidential		and Land		Business		Consumer		Loans
Risk Rating:
Pass	$	383,123	$	231,422	$	195,327	$	71,438	$	14,324	$	1,068	$	896,702
Special mention		3,728		775		—		8,505		1,386		—		14,394
Substandard		9,134		312		1,590		7,629		—		—		18,665
Doubtful		—		—		—		—		—		—		—
Total	$	395,985	$	232,509	$	196,917	$	87,572	$	15,710	$	1,068	$	929,761

	December 31, 2017
	Mortgage Loans								Nonmortgage Loans
	1-4						Construction						Total
	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

Schedule of Aging Analysis of Loans

An aging analysis of loans, as of December 31, 2018 and 2017, is as follows:

	December 31, 2018
			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	$	296,188	$	6,539	$	470	$	—	$	303,197	$	1,258	$	—
Owner-Occupied		89,610		1,609		574		995		92,788		3,079		—
Multifamily		231,514		995		—		—		232,509		16		—
Nonresidential properties		195,861		—		4		1,052		196,917		1,310		—
Construction and land		87,572		—		—		—		87,572		1,115		—
Nonmortgage Loans:
Business		15,418		292		—		—		15,710		—		—
Consumer		1,068		—		—		—		1,068		—		—
Total	$	917,231	$	9,435	$	1,048	$	2,047	$	929,761	$	6,778	$	—

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

	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

Schedule of Composition of Allowance for Loan Losses and Related Investment

The following schedules detail the composition of the allowance for loan losses and the related investment in loans as of December 31, 2018, 2017, and 2016, respectively.

	For the Year Ended December 31, 2018
	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	$	3,716	$	1,402		$	3,109	$	1,424	$	1,205	$	209		$	6		$	—	$	11,071
Provision charged to expense		82		(444	)		720		492		426		(37	)		10			—		1,249
Losses charged-off		—		—			—		—		—		(34	)		(14	)		—		(48	)
Recoveries		1		250			—		9		—		122			5			—		387
Balance, end of period	$	3,799	$	1,208		$	3,829	$	1,925	$	1,631	$	260		$	7		$	—	$	12,659
Ending balance: individually    evaluated for impairment	$	349	$	234		$	—	$	35	$	—	$	—		$	—		$	—	$	618
Ending balance: collectively    evaluated for impairment		3,450		974			3,829		1,890		1,631		260			7			—		12,041
Unallocated		—		—			—		—		—		—			—			—		—
Total	$	3,799	$	1,208		$	3,829	$	1,925	$	1,631	$	260		$	7		$	—	$	12,659
Loans:
Ending balance: individually    evaluated for impairment	$	6,452	$	6,525		$	16	$	2,750	$	1,108	$	374		$	—		$	—	$	17,225
Ending balance: collectively    evaluated for impairment		296,745		86,263			232,493		194,167		86,464		15,336			1,068			—		912,536
Total	$	303,197	$	92,788		$	232,509	$	196,917	$	87,572	$	15,710		$	1,068		$	—	$	929,761

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

	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 year	$	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 year	$	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

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.

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

The following information relates to impaired loans as of and for the years ended December 31, 2018, 2017, and 2016:

	Unpaid Contractual		Recorded Investment		Recorded Investment		Total				Average		Interest Income
	Principal		With No		With		Recorded		Related		Recorded		Recognized
December 31, 2018	Balance		Allowance		Allowance		Investment		Allowance		Investment		on Cash Basis
Mortgages:
1-4 Family	$	12,985	$	7,080	$	5,898	$	12,978	$	583	$	15,163	$	758
Multifamily		16		16		—		16		—		36		3
Nonresidential properties		2,748		2,270		480		2,750		35		3,230		172
Construction and land		1,115		1,107		—		1,107		—		1,094		—
Nonmortgage Loans:
Business		374		374		—		374		—		454		22
Consumer		—		—		—		—		—		—		—
Total	$	17,238	$	10,847	$	6,378	$	17,225	$	618	$	19,977	$	955

	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	$	18,811	$	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

	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

Schedule of Troubled Debt Restructuring

	Loans Restructured During						All TDRs with a payment default within 12 months following the
	Year Ended December 31, 2018						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 residential		—	$	—	$	—		1	$	176
Total		—	$	—	$	—		1	$	176
Combination of rate, maturity, other		—	$	—	$	—		1	$	176
Total		—	$	—	$	—		1	$	176

	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		—	$	—