Loans Receivable and the Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2019

Financing Receivable, Recorded Investment [Line Items]

Summary of loans receivable

(in thousands)	2019		2018
Mortgage Loans
1-4 Family	$	73,591	$	75,185
Multifamily		3,567		4,117
Commercial real estate		1,117		1,175
Consumer Loans		209		211
		78,484		80,688
Plus (Less):
Unamortized Loan Fees/Costs		1,151		1,234
Allowance for Loan Losses		(850)		(850)
Net Loans Receivable	$	78,785	$	81,072

Summary of allowance for loan losses and recorded investment in loans receivable

Allowance for Loan Losses and Recorded Investment in Loans Receivable For the Year Ended December 31, 2019 (in thousands)

					Mortgage-
	Mortgage-		Mortgage-		Commercial
	1-4 Family		Multifamily		Real Estate		Consumer		Total
Allowance for Loan Losses:
Beginning Balance	$	807	$	31	$	12	$	—	$	850
Charge-Offs		—		—		—		—		—
Recoveries		9		—		—		—		9
Provision		(4)		(4)		(1)		—		(9)
Ending Balance	$	812	$	27	$	11	$	—	$	850
Ending Balance:
Individually Evaluated for Impairment	$	—	$	—	$	—	$	—	$	—
Collectively Evaluated for Impairment	$	812	$	27	$	11	$	—	$	850
Loans Receivable:
Ending Balance	$	73,591	$	3,567	$	1,117	$	209	$	78,484
Ending Balance:
Individually Evaluated for Impairment	$	—	$	—	$	—	$	—	$	—
Collectively Evaluated for Impairment	$	73,591	$	3,567	$	1,117	$	209	$	78,484

The allowance for loan losses for Mortgage 1-4 Family Loans of $812,000 includes an unallocated portion of $437,000 as of December 31, 2019.

Allowance for Loan Losses and Recorded Investment in Loans Receivable For the Year Ended December 31, 2018 (in thousands)

					Mortgage-
	Mortgage-		Mortgage-		Commercial
	1-4 Family		Multifamily		Real Estate		Consumer		Total
Allowance for Loan Losses:
Beginning Balance	$	813	$	20	$	17	$	—	$	850
Charge-Offs		—		—		—		—		—
Recoveries		11		—		—		—		11
Provision		(17)		11		(5)		—		(11)
Ending Balance	$	807	$	31	$	12	$	—	$	850
Ending Balance:
Individually Evaluated for Impairment	$	—	$	—	$	—	$	—	$	—
Collectively Evaluated for Impairment	$	807	$	31	$	12	$	—	$	850
Loans Receivable:
Ending Balance	$	75,185	$	4,117	$	1,175	$	211	$	80,688
Ending Balance:
Individually Evaluated for Impairment	$	—	$	—	$	—	$	—	$	—
Collectively Evaluated for Impairment	$	75,185	$	4,117	$	1,175	$	211	$	80,688

Summary of credit quality indicators

Credit Quality Indicators - Credit Risk Profile Based on Payment Activity at December 31, 2019 (in thousands)

			Non-
	Performing		Performing		Total
Mortgage Loans:
1 to 4 Family	$	73,591	$	—	$	73,591
Multifamily		3,567		—		3,567
Commercial real estate		1,117		—		1,117
Non-Mortgage Loans:
Consumer		209		—		209
Total	$	78,484	$	—	$	78,484

Credit Quality Indicators - Credit Risk Profile Based on Payment Activity at December 31, 2018 (in thousands)

			Non-
	Performing		Performing		Total
Mortgage Loans:
1 to 4 Family	$	75,185	$	—	$	75,185
Multifamily		4,117		—		4,117
Commercial real estate		1,175		—		1,175
Non-Mortgage Loans:
Consumer		211		—		211
Total	$	80,688	$	—	$	80,688

Summary of aged analysis of past due loans receivable

Aged Analysis of Past Due Loans Receivable at December 31, 2019 (in thousands)

	30-59		60-89		90 Days or						Total
	Days		Days		Greater		Total				Loans
	Past Due		Past Due		Past Due		Past Due		Current		Receivable
Mortgage Loans:
1 to 4 Family	$	—	$	89	$	—	$	89	$	73,502	$	73,591
Multifamily		—		—		—		—		3,567		3,567
Commercial real estate		—		—		—		—		1,117		1,117
Non-Mortgage Loans:
Consumer		—		—		—		—		209		209
Total	$	—	$	89	$	—	$	89	$	78,395	$	78,484

Aged Analysis of Past Due Loans Receivable at December 31, 2018 (in thousands)

	30-59		60-89		90 Days or						Total
	Days		Days		Greater		Total				Loans
	Past Due		Past Due		Past Due		Past Due		Current		Receivable
Mortgage Loans:
1 to 4 Family	$	227	$	171	$	—	$	398	$	74,787	$	75,185
Multifamily		—		—		—		—		4,117		4,117
Commercial real estate		—		—		—		—		1,175		1,175
Non-Mortgage Loans:
Consumer		—		—		—		—		211		211
Total	$	227	$	171	$	—	$	398	$	80,290	$	80,688

Summary of loans receivable on nonaccrual status

Loans Receivable on Nonaccrual Status at December 31 (in thousands)

	2019		2018
Mortgage Loans:
1 to 4 Family	$	—	$	—

Summary of information pertaining to impaired loans

Impaired Loans For the Year Ended December 31, 2019 (in thousands)

			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
	Investment		Balance		Allowance		Investment		Recognized
Mortgage Loans
1-4 Family	$	—	$	—	$	—	$	—	$	—

Impaired Loans For the Year Ended December 31, 2018 (in thousands)

			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
	Investment		Balance		Allowance		Investment		Recognized
Mortgage Loans
1-4 Family	$	—	$	—	$	—	$	197	$	98

Summary of loan modifications determined to be TDRs

		Pre-		Post-
		Modification		Modification
		Outstanding		Outstanding
	Number of	Recorded		Recorded
	Contracts	Investment		Investment
Modifications as of December 31, 2019
(in thousands)
Troubled Debt Restructurings:
Mortgage Loans
1-4 Family	—	$	—	$	—
Total Loans	—	$	—	$	—
Modifications as of December 31, 2018
(in thousands)
Troubled Debt Restructurings:
Mortgage Loans
1-4 Family	—	$	—	$	—
Total Loans	—	$	—	$	—

Based on Loan Grades

Financing Receivable, Recorded Investment [Line Items]

Summary of credit quality indicators

Credit Quality Indicators - Credit Risk Profile Based on Loan Grades at December 31, 2019 (in thousands)

					Special
	Pass		Watch		Mention		Substandard		Doubtful		Total
Mortgage Loans:
1 to 4 Family	$	72,937	$	87	$	—	$	567	$	—	$	73,591
Multifamily		3,567		—		—		—		—		3,567
Commercial real estate		1,117		—		—		—		—		1,117
Non-Mortgage Loans:
Consumer		209		—		—		—		—		209
Total	$	77,830	$	87	$	—	$	567	$	—	$	78,484

Credit Quality Indicators - Credit Risk Profile Based on Loan Grades at December 31, 2018 (in thousands)

					Special
	Pass		Watch		Mention		Substandard		Doubtful		Total
Mortgage Loans:
1 to 4 Family	$	74,514	$	91	$	—	$	580	$	—	$	75,185
Multifamily		4,117		—		—		—		—		4,117
Commercial real estate		1,175		—		—		—		—		1,175
Non-Mortgage Loans:
Consumer		211		—		—		—		—		211
Total	$	80,017	$	91	$	—	$	580	$	—	$	80,688