XML 95 R13.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Loans | 12 Months Ended
--- | ---
Dec. 31, 2013
Receivables [Abstract] |
Loans | 5. Loans Loans, including Covered Loans and net of unearned income, consisted of the following as of December 31 of the years indicated.
(dollars in thousands) |  | 2013 |  |  | 2012 |
Real estate loans: |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 179,506 |  |  | $ | 177,816 |
Home equity loans and lines |  |  | 40,561 |  |  |  | 40,425 |
Commercial real estate |  |  | 269,849 |  |  |  | 252,805 |
Construction and land |  |  | 83,271 |  |  |  | 75,529 |
Multi-family residential |  |  | 16,578 |  |  |  | 19,659 |
Total real estate loans |  |  | 589,765 |  |  |  | 566,234 |
Other loans: |  |  |  |  |  |  |  |
Commercial and industrial |  |  | 77,533 |  |  |  | 72,253 |
Consumer |  |  | 40,158 |  |  |  | 34,641 |
Total other loans |  |  | 117,691 |  |  |  | 106,894 |
Total loans |  | $ | 707,456 |  |  | $ | 673,128 |
A summary of activity in the allowance for loan losses for the years ended December 31, 2013, 2012 and 2011 is as follows.
|  | For the Year Ended December 31, 2013 |
(dollars in thousands) |  | Beginning Balance |  |  | Charge-offs |  |  | Recoveries |  |  | Provision |  |  | Ending Balance |
Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 798 |  |  | $ | (76 | ) |  | $ | — |  |  | $ | 182 |  |  | $ | 904 |
Home equity loans and lines |  |  | 322 |  |  |  | — |  |  |  | 10 |  |  |  | 34 |  |  |  | 366 |
Commercial real estate |  |  | 2,040 |  |  |  | — |  |  |  | — |  |  |  | 487 |  |  |  | 2,528 |
Construction and land |  |  | 785 |  |  |  | (44 | ) |  |  | 10 |  |  |  | 226 |  |  |  | 977 |
Multi-family residential |  |  | 86 |  |  |  | — |  |  |  | — |  |  |  | 4 |  |  |  | 90 |
Commercial and industrial |  |  | 683 |  |  |  | (1,990 | ) |  |  | 57 |  |  |  | 2,582 |  |  |  | 1,332 |
Consumer |  |  | 400 |  |  |  | (9 | ) |  |  | 24 |  |  |  | 58 |  |  |  | 473 |
Total allowance for loan losses |  | $ | 5,114 |  |  | $ | (2,119 | ) |  | $ | 101 |  |  | $ | 3,574 |  |  | $ | 6,670 |
Non-covered acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 184 |  |  | $ | (36 | ) |  | $ | — |  |  | $ | 36 |  |  | $ | 184 |
Home equity loans and lines |  |  | 21 |  |  |  | — |  |  |  | — |  |  |  | 37 |  |  |  | 58 |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6 |  |  |  | 6 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total allowance for loan losses |  | $ | 205 |  |  | $ | (36 | ) |  | $ | — |  |  | $ | 79 |  |  | $ | 248 |
Covered loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total allowance for loan losses |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 982 |  |  | $ | (112 | ) |  | $ | — |  |  | $ | 218 |  |  | $ | 1,088 |
Home equity loans and lines |  |  | 343 |  |  |  | — |  |  |  | 10 |  |  |  | 71 |  |  |  | 424 |
Commercial real estate |  |  | 2,040 |  |  |  | — |  |  |  | — |  |  |  | 488 |  |  |  | 2,528 |
Construction and land |  |  | 785 |  |  |  | (44 | ) |  |  | 10 |  |  |  | 226 |  |  |  | 977 |
Multi-family residential |  |  | 86 |  |  |  | — |  |  |  | — |  |  |  | 4 |  |  |  | 90 |
Commercial and industrial |  |  | 683 |  |  |  | (1,990 | ) |  |  | 57 |  |  |  | 2,588 |  |  |  | 1,338 |
Consumer |  |  | 400 |  |  |  | (9 | ) |  |  | 24 |  |  |  | 58 |  |  |  | 473 |
Total allowance for loan losses |  | $ | 5,319 |  |  | $ | (2,155 | ) |  | $ | 101 |  |  | $ | 3,653 |  |  | $ | 6,918 |
|  | For the Year Ended December 31, 2012 |
(dollars in thousands) |  | Beginning Balance |  |  | Charge-offs |  |  | Recoveries |  |  | Provision |  |  | Ending Balance |
Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 778 |  |  | $ | — |  |  | $ | — |  |  | $ | 20 |  |  | $ | 798 |
Home equity loans and lines |  |  | 336 |  |  |  | (32 | ) |  |  | 15 |  |  |  | 3 |  |  |  | 322 |
Commercial real estate |  |  | 1,755 |  |  |  | (1,980 | ) |  |  | 94 |  |  |  | 2,171 |  |  |  | 2,040 |
Construction and land |  |  | 904 |  |  |  | (215 | ) |  |  | — |  |  |  | 96 |  |  |  | 785 |
Multi-family residential |  |  | 64 |  |  |  | — |  |  |  | — |  |  |  | 22 |  |  |  | 86 |
Commercial and industrial |  |  | 872 |  |  |  | (60 | ) |  |  | 6 |  |  |  | (135 | ) |  |  | 683 |
Consumer |  |  | 345 |  |  |  | (38 | ) |  |  | 14 |  |  |  | 79 |  |  |  | 400 |
Total allowance for loan losses |  | $ | 5,054 |  |  | $ | (2,325 | ) |  | $ | 129 |  |  | $ | 2,256 |  |  | $ | 5,114 |
Non-covered acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 184 |  |  | $ | 184 |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 21 |  |  |  | 21 |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total allowance for loan losses |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 205 |  |  | $ | 205 |
Covered loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | 50 |  |  |  | — |  |  |  | — |  |  |  | (50 | ) |  |  | — |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total allowance for loan losses |  | $ | 50 |  |  | $ | — |  |  | $ | — |  |  | $ | (50 | ) |  | $ | — |
Total loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 778 |  |  | $ | — |  |  | $ | — |  |  | $ | 204 |  |  | $ | 982 |
Home equity loans and lines |  |  | 336 |  |  |  | (32 | ) |  |  | 15 |  |  |  | 24 |  |  |  | 343 |
Commercial real estate |  |  | 1,755 |  |  |  | (1,980 | ) |  |  | 94 |  |  |  | 2,171 |  |  |  | 2,040 |
Construction and land |  |  | 904 |  |  |  | (215 | ) |  |  | — |  |  |  | 96 |  |  |  | 785 |
Multi-family residential |  |  | 64 |  |  |  | — |  |  |  | — |  |  |  | 22 |  |  |  | 86 |
Commercial and industrial |  |  | 922 |  |  |  | (60 | ) |  |  | 6 |  |  |  | (185 | ) |  |  | 683 |
Consumer |  |  | 345 |  |  |  | (38 | ) |  |  | 14 |  |  |  | 79 |  |  |  | 400 |
Total allowance for loan losses |  | $ | 5,104 |  |  | $ | (2,325 | ) |  | $ | 129 |  |  | $ | 2,411 |  |  | $ | 5,319 |
|  | For the Year Ended December 31, 2011 |
(dollars in thousands) |  | Beginning Balance |  |  | Charge-offs |  |  | Recoveries |  |  | Provision |  |  | Ending Balance |
Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 641 |  |  | $ | — |  |  | $ | 16 |  |  | $ | 121 |  |  | $ | 778 |
Home equity loans and lines |  |  | 296 |  |  |  | — |  |  |  | — |  |  |  | 40 |  |  |  | 336 |
Commercial real estate |  |  | 1,258 |  |  |  | — |  |  |  | 6 |  |  |  | 491 |  |  |  | 1,755 |
Construction and land |  |  | 666 |  |  |  | — |  |  |  | — |  |  |  | 238 |  |  |  | 904 |
Multi-family residential |  |  | 46 |  |  |  | — |  |  |  | — |  |  |  | 18 |  |  |  | 64 |
Commercial and industrial |  |  | 746 |  |  |  | (281 | ) |  |  | 25 |  |  |  | 382 |  |  |  | 872 |
Consumer |  |  | 267 |  |  |  | (53 | ) |  |  | 11 |  |  |  | 120 |  |  |  | 345 |
Total allowance for loan losses |  | $ | 3,920 |  |  | $ | (334 | ) |  | $ | 58 |  |  | $ | 1,410 |  |  | $ | 5,054 |
Non-covered acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total allowance for loan losses |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Covered loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 50 |  |  |  | 50 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total allowance for loan losses |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 50 |  |  | $ | 50 |
Total loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 641 |  |  | $ | — |  |  | $ | 16 |  |  | $ | 121 |  |  | $ | 778 |
Home equity loans and lines |  |  | 296 |  |  |  | — |  |  |  | — |  |  |  | 40 |  |  |  | 336 |
Commercial real estate |  |  | 1,258 |  |  |  | — |  |  |  | 6 |  |  |  | 491 |  |  |  | 1,755 |
Construction and land |  |  | 666 |  |  |  | — |  |  |  | — |  |  |  | 238 |  |  |  | 904 |
Multi-family residential |  |  | 46 |  |  |  | — |  |  |  | — |  |  |  | 18 |  |  |  | 64 |
Commercial and industrial |  |  | 746 |  |  |  | (281 | ) |  |  | 25 |  |  |  | 432 |  |  |  | 922 |
Consumer |  |  | 267 |  |  |  | (53 | ) |  |  | 11 |  |  |  | 120 |  |  |  | 345 |
Total allowance for loan losses |  | $ | 3,920 |  |  | $ | (334 | ) |  | $ | 58 |  |  | $ | 1,460 |  |  | $ | 5,104 |
The allowance for loan losses and recorded investment in loans as of the periods indicated is as follows.
|  | As of December 31, 2013 |
|  | Originated Loans |  |  | Acquired Loans |  |  |  |
(dollars in thousands) |  | Collectively Evaluated for Impairment |  |  | Individually Evaluated for Impairment |  |  | Non-covered Acquired Loans(1) |  |  | Covered Loans |  |  | Total |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 904 |  |  | $ | — |  |  | $ | 184 |  |  | $ | — |  |  | $ | 1,088 |
Home equity loans and lines |  |  | 366 |  |  |  | — |  |  |  | 58 |  |  |  | — |  |  |  | 424 |
Commercial real estate |  |  | 2,528 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,528 |
Construction and land |  |  | 977 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 977 |
Multi-family residential |  |  | 90 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 90 |
Commercial and industrial |  |  | 850 |  |  |  | 482 |  |  |  | 6 |  |  |  | — |  |  |  | 1,338 |
Consumer |  |  | 473 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 473 |
Total allowance for loan losses |  | $ | 6,188 |  |  | $ | 482 |  |  | $ | 248 |  |  | $ | — |  |  | $ | 6,918 |
|  | As of December 31, 2013 |
|  | Originated Loans |  |  | Acquired Loans |  |  |  |
(dollars in thousands) |  | Collectively Evaluated for Impairment |  |  | Individually Evaluated for Impairment |  |  | Non-covered Acquired Loans(1) |  |  | Covered Loans |  |  | Total |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 137,685 |  |  | $ | 386 |  |  | $ | 37,084 |  |  | $ | 4,351 |  |  | $ | 179,506 |
Home equity loans and lines |  |  | 30,422 |  |  |  | 3 |  |  |  | 7,798 |  |  |  | 2,338 |  |  |  | 40,561 |
Commercial real estate |  |  | 225,356 |  |  |  | 360 |  |  |  | 32,945 |  |  |  | 11,188 |  |  |  | 269,849 |
Construction and land |  |  | 79,771 |  |  |  | — |  |  |  | 2,096 |  |  |  | 1,404 |  |  |  | 83,271 |
Multi-family residential |  |  | 7,778 |  |  |  | — |  |  |  | 7,678 |  |  |  | 1,122 |  |  |  | 16,578 |
Commercial and industrial |  |  | 72,003 |  |  |  | 1,831 |  |  |  | 2,428 |  |  |  | 1,271 |  |  |  | 77,533 |
Consumer |  |  | 39,661 |  |  |  | — |  |  |  | 497 |  |  |  | — |  |  |  | 40,158 |
Total loans |  | $ | 592,676 |  |  | $ | 2,580 |  |  | $ | 90,526 |  |  | $ | 21,674 |  |  | $ | 707,456 |
|  | As of December 31, 2012 |
|  | Originated Loans |  |  | Acquired Loans |  |  |  |
(dollars in thousands) |  | Collectively Evaluated for Impairment |  |  | Individually Evaluated for Impairment |  |  | Non-covered Acquired Loans(1) |  |  | Covered Loans |  |  | Total |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 749 |  |  | $ | 49 |  |  | $ | 184 |  |  | $ | — |  |  | $ | 982 |
Home equity loans and lines |  |  | 322 |  |  |  | — |  |  |  | 21 |  |  |  | — |  |  |  | 343 |
Commercial real estate |  |  | 1,906 |  |  |  | 134 |  |  |  | — |  |  |  | — |  |  |  | 2,040 |
Construction and land |  |  | 785 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 785 |
Multi-family residential |  |  | 86 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 86 |
Commercial and industrial |  |  | 683 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 683 |
Consumer |  |  | 400 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 400 |
Total allowance for loan losses |  | $ | 4,931 |  |  | $ | 183 |  |  | $ | 205 |  |  | $ | — |  |  | $ | 5,319 |
|  | As of December 31, 2012 |
|  | Originated Loans |  |  | Acquired Loans |  |  |  |
(dollars in thousands) |  | Collectively Evaluated for Impairment |  |  | Individually Evaluated for Impairment |  |  | Non-covered Acquired Loans(1) |  |  | Covered Loans |  |  | Total |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 115,278 |  |  | $ | 1,464 |  |  | $ | 49,943 |  |  | $ | 11,131 |  |  | $ | 177,816 |
Home equity loans and lines |  |  | 26,937 |  |  |  | 56 |  |  |  | 10,123 |  |  |  | 3,309 |  |  |  | 40,426 |
Commercial real estate |  |  | 182,376 |  |  |  | 3,428 |  |  |  | 44,132 |  |  |  | 22,869 |  |  |  | 252,805 |
Construction and land |  |  | 66,815 |  |  |  | 60 |  |  |  | 3,650 |  |  |  | 5,004 |  |  |  | 75,529 |
Multi-family residential |  |  | 7,930 |  |  |  | 528 |  |  |  | 9,818 |  |  |  | 1,383 |  |  |  | 19,658 |
Commercial and industrial |  |  | 66,321 |  |  |  | — |  |  |  | 4,469 |  |  |  | 1,463 |  |  |  | 72,253 |
Consumer |  |  | 33,341 |  |  |  | — |  |  |  | 695 |  |  |  | 605 |  |  |  | 34,641 |
Total loans |  | $ | 498,998 |  |  | $ | 5,536 |  |  | $ | 122,830 |  |  | $ | 45,764 |  |  | $ | 673,128 |
(1) | $4.6 million and $5.3 million in GSFC loans were accounted for under ASC 310-30 at December 31, 2013 and 2012, respectively.
Although the Company has a diversified loan portfolio, a substantial portion of the loan portfolio is collateralized by improved and unimproved real estate and is dependent on the real estate market. Credit quality indicators on the Company’s loan portfolio as of the dates indicated are as follows.
|  | December 31, 2013 |
(dollars in thousands) |  | Pass |  |  | Special Mention |  |  | Substandard |  |  | Doubtful |  |  | Total |
Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 136,274 |  |  | $ | 265 |  |  | $ | 1,532 |  |  | $ | — |  |  | $ | 138,071 |
Home equity loans and lines |  |  | 29,962 |  |  |  | 149 |  |  |  | 314 |  |  |  | — |  |  |  | 30,425 |
Commercial real estate |  |  | 218,779 |  |  |  | 800 |  |  |  | 6,137 |  |  |  | — |  |  |  | 225,716 |
Construction and land |  |  | 78,297 |  |  |  | 147 |  |  |  | 1,327 |  |  |  | — |  |  |  | 79,771 |
Multi-family residential |  |  | 6,902 |  |  |  | 876 |  |  |  | — |  |  |  | — |  |  |  | 7,778 |
Commercial and industrial |  |  | 65,271 |  |  |  | 4,682 |  |  |  | 3,881 |  |  |  | — |  |  |  | 73,834 |
Consumer |  |  | 39,336 |  |  |  | 48 |  |  |  | 277 |  |  |  | — |  |  |  | 39,661 |
Total originated loans |  | $ | 574,821 |  |  | $ | 6,967 |  |  | $ | 13,468 |  |  | $ | — |  |  | $ | 595,256 |
Non-covered acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 31,467 |  |  | $ | 119 |  |  | $ | 5,498 |  |  | $ | — |  |  | $ | 37,084 |
Home equity loans and lines |  |  | 7,226 |  |  |  | 198 |  |  |  | 374 |  |  |  | — |  |  |  | 7,798 |
Commercial real estate |  |  | 30,192 |  |  |  | — |  |  |  | 2,753 |  |  |  | — |  |  |  | 32,945 |
Construction and land |  |  | 1,044 |  |  |  | — |  |  |  | 1,052 |  |  |  | — |  |  |  | 2,096 |
Multi-family residential |  |  | 5,397 |  |  |  | 33 |  |  |  | 2,248 |  |  |  | — |  |  |  | 7,678 |
Commercial and industrial |  |  | 2,428 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,428 |
Consumer |  |  | 497 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 497 |
Total non-covered acquired loans |  | $ | 78,251 |  |  | $ | 350 |  |  | $ | 11,925 |  |  | $ | — |  |  | $ | 90,526 |
Covered: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 3,108 |  |  | $ | 151 |  |  | $ | 1,092 |  |  | $ | — |  |  | $ | 4,351 |
Home equity loans and lines |  |  | 2,084 |  |  |  | 21 |  |  |  | 233 |  |  |  | — |  |  |  | 2,338 |
Commercial real estate |  |  | 9,702 |  |  |  | 249 |  |  |  | 1,237 |  |  |  | — |  |  |  | 11,188 |
Construction and land |  |  | 1,247 |  |  |  | 64 |  |  |  | 93 |  |  |  | — |  |  |  | 1,404 |
Multi-family residential |  |  | 206 |  |  |  | 916 |  |  |  | — |  |  |  | — |  |  |  | 1,122 |
Commercial and industrial |  |  | 451 |  |  |  | 5 |  |  |  | 815 |  |  |  | — |  |  |  | 1,271 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total covered loans |  | $ | 16,798 |  |  | $ | 1,406 |  |  | $ | 3,470 |  |  | $ | — |  |  | $ | 21,674 |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 170,849 |  |  | $ | 535 |  |  | $ | 8,122 |  |  | $ | — |  |  | $ | 179,506 |
Home equity loans and lines |  |  | 39,272 |  |  |  | 368 |  |  |  | 921 |  |  |  | — |  |  |  | 40,561 |
Commercial real estate |  |  | 258,673 |  |  |  | 1,049 |  |  |  | 10,127 |  |  |  | — |  |  |  | 269,849 |
Construction and land |  |  | 80,588 |  |  |  | 211 |  |  |  | 2,472 |  |  |  | — |  |  |  | 83,271 |
Multi-family residential |  |  | 12,505 |  |  |  | 1,825 |  |  |  | 2,248 |  |  |  | — |  |  |  | 16,578 |
Commercial and industrial |  |  | 68,150 |  |  |  | 4,687 |  |  |  | 4,696 |  |  |  | — |  |  |  | 77,533 |
Consumer |  |  | 39,833 |  |  |  | 48 |  |  |  | 277 |  |  |  | — |  |  |  | 40,158 |
Total loans |  | $ | 669,870 |  |  | $ | 8,723 |  |  | $ | 28,863 |  |  | $ | — |  |  | $ | 707,456 |
|  | December 31, 2012 |
(dollars in thousands) |  | Pass |  |  | Special Mention |  |  | Substandard |  |  | Doubtful |  |  | Total |
Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 114,278 |  |  | $ | 690 |  |  | $ | 1,774 |  |  | $ | — |  |  | $ | 116,742 |
Home equity loans and lines |  |  | 26,870 |  |  |  | 56 |  |  |  | 67 |  |  |  | — |  |  |  | 26,993 |
Commercial real estate |  |  | 176,410 |  |  |  | 4,951 |  |  |  | 4,443 |  |  |  | — |  |  |  | 185,804 |
Construction and land |  |  | 66,441 |  |  |  | 267 |  |  |  | 167 |  |  |  | — |  |  |  | 66,875 |
Multi-family residential |  |  | 7,030 |  |  |  | 899 |  |  |  | 529 |  |  |  | — |  |  |  | 8,458 |
Commercial and industrial |  |  | 63,561 |  |  |  | 2,590 |  |  |  | 170 |  |  |  | — |  |  |  | 66,321 |
Consumer |  |  | 33,280 |  |  |  | 60 |  |  |  | 1 |  |  |  | — |  |  |  | 33,341 |
Total originated loans |  | $ | 487,870 |  |  | $ | 9,513 |  |  | $ | 7,151 |  |  | $ | — |  |  | $ | 504,534 |
Non-covered acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 43,673 |  |  | $ | 952 |  |  | $ | 5,318 |  |  | $ | — |  |  | $ | 49,943 |
Home equity loans and lines |  |  | 9,402 |  |  |  | 82 |  |  |  | 639 |  |  |  | — |  |  |  | 10,123 |
Commercial real estate |  |  | 37,137 |  |  |  | 782 |  |  |  | 6,213 |  |  |  | — |  |  |  | 44,132 |
Construction and land |  |  | 3,072 |  |  |  | 106 |  |  |  | 472 |  |  |  | — |  |  |  | 3,650 |
Multi-family residential |  |  | 8,756 |  |  |  | 264 |  |  |  | 798 |  |  |  | — |  |  |  | 9,818 |
Commercial and industrial |  |  | 4,424 |  |  |  | — |  |  |  | 45 |  |  |  | — |  |  |  | 4,469 |
Consumer |  |  | 695 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 695 |
Total non-covered acquired loans |  | $ | 107,159 |  |  | $ | 2,186 |  |  | $ | 13,485 |  |  | $ | — |  |  | $ | 122,830 |
Covered: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 8,555 |  |  | $ | 254 |  |  | $ | 2,322 |  |  | $ | — |  |  | $ | 11,131 |
Home equity loans and lines |  |  | 3,147 |  |  |  | 28 |  |  |  | 134 |  |  |  | — |  |  |  | 3,309 |
Commercial real estate |  |  | 20,563 |  |  |  | — |  |  |  | 2,306 |  |  |  | — |  |  |  | 22,869 |
Construction and land |  |  | 3,432 |  |  |  | 4 |  |  |  | 1,568 |  |  |  | — |  |  |  | 5,004 |
Multi-family residential |  |  | 424 |  |  |  | 959 |  |  |  | — |  |  |  | — |  |  |  | 1,383 |
Commercial and industrial |  |  | 577 |  |  |  | 5 |  |  |  | 881 |  |  |  | — |  |  |  | 1,463 |
Consumer |  |  | 565 |  |  |  | 23 |  |  |  | 17 |  |  |  | — |  |  |  | 605 |
Total covered loans |  | $ | 37,263 |  |  | $ | 1,273 |  |  | $ | 7,228 |  |  | $ | — |  |  | $ | 45,764 |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 166,506 |  |  | $ | 1,896 |  |  | $ | 9,414 |  |  | $ | — |  |  | $ | 177,816 |
Home equity loans and lines |  |  | 39,419 |  |  |  | 166 |  |  |  | 840 |  |  |  | — |  |  |  | 40,425 |
Commercial real estate |  |  | 234,110 |  |  |  | 5,733 |  |  |  | 12,962 |  |  |  | — |  |  |  | 252,805 |
Construction and land |  |  | 72,945 |  |  |  | 377 |  |  |  | 2,207 |  |  |  | — |  |  |  | 75,529 |
Multi-family residential |  |  | 16,210 |  |  |  | 2,122 |  |  |  | 1,327 |  |  |  | — |  |  |  | 19,659 |
Commercial and industrial |  |  | 68,562 |  |  |  | 2,595 |  |  |  | 1,096 |  |  |  | — |  |  |  | 72,253 |
Consumer |  |  | 34,540 |  |  |  | 83 |  |  |  | 18 |  |  |  | — |  |  |  | 34,641 |
Total loans |  | $ | 632,292 |  |  | $ | 12,972 |  |  | $ | 27,864 |  |  | $ | — |  |  | $ | 673,128 |
The above classifications follow regulatory guidelines and can generally be described as follows:
• |  | Pass loans are of satisfactory quality.
• |  | Special mention loans have an existing weakness that could cause future impairment, including the deterioration of financial ratios, past due status, questionable management capabilities and possible reduction in the collateral values.
• |  | Substandard loans have an existing specific and well defined weakness that may include poor liquidity and deterioration of financial ratios. The loan may be past due and related deposit accounts experiencing overdrafts. Immediate corrective action is necessary.
• |  | Doubtful loans have specific weaknesses that are severe enough to make collection or liquidation in full highly questionable and improbable.
In addition, residential loans are classified using an inter-regulatory agency methodology that incorporates, among other factors, the extent of delinquencies and loan-to-value ratios. These classifications were the most current available as of December 31, 2013 and were generally updated within the last three months. Loans acquired with deteriorated credit quality are excluded from the schedule of credit quality indicators. Age analysis of past due loans, as of the dates indicated is as follows.
|  | December 31, 2013 |
(dollars in thousands) |  | 30-59 Days Past Due |  |  | 60-89 Days Past Due |  |  | Greater Than 90 Days Past Due |  |  | Total Past Due |  |  | Current Loans |  |  | Total Loans |
Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 1,726 |  |  | $ | 272 |  |  | $ | 290 |  |  | $ | 2,288 |  |  | $ | 135,783 |  |  | $ | 138,071 |
Home equity loans and lines |  |  | 36 |  |  |  | 111 |  |  |  | 66 |  |  |  | 213 |  |  |  | 30,212 |  |  |  | 30,425 |
Commercial real estate |  |  | 571 |  |  |  | — |  |  |  | 1,257 |  |  |  | 1,828 |  |  |  | 223,888 |  |  |  | 225,716 |
Construction and land |  |  | 406 |  |  |  | 1 |  |  |  | 83 |  |  |  | 490 |  |  |  | 79,281 |  |  |  | 79,771 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,778 |  |  |  | 7,778 |
Total real estate loans |  |  | 2,739 |  |  |  | 384 |  |  |  | 1,696 |  |  |  | 4,819 |  |  |  | 476,942 |  |  |  | 481,761 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | 2,026 |  |  |  | 3,243 |  |  |  | 182 |  |  |  | 5,451 |  |  |  | 68,383 |  |  |  | 73,834 |
Consumer |  |  | 514 |  |  |  | 262 |  |  |  | 277 |  |  |  | 1,053 |  |  |  | 38,608 |  |  |  | 39,661 |
Total other loans |  |  | 2,540 |  |  |  | 3,505 |  |  |  | 459 |  |  |  | 6,504 |  |  |  | 106,991 |  |  |  | 113,495 |
Total originated loans |  | $ | 5,279 |  |  | $ | 3,889 |  |  | $ | 2,155 |  |  | $ | 11,323 |  |  | $ | 583,933 |  |  | $ | 595,256 |
Non-covered acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 884 |  |  | $ | 658 |  |  | $ | 3,457 |  |  | $ | 4,999 |  |  | $ | 32,085 |  |  | $ | 37,084 |
Home equity loans and lines |  |  | 50 |  |  |  | — |  |  |  | 174 |  |  |  | 224 |  |  |  | 7,574 |  |  |  | 7,798 |
Commercial real estate |  |  | 239 |  |  |  | 241 |  |  |  | 2,753 |  |  |  | 3,233 |  |  |  | 29,712 |  |  |  | 32,945 |
Construction and land |  |  | 8 |  |  |  | — |  |  |  | 1,052 |  |  |  | 1,060 |  |  |  | 1,036 |  |  |  | 2,096 |
Multi-family residential |  |  | 879 |  |  |  | — |  |  |  | 987 |  |  |  | 1,866 |  |  |  | 5,812 |  |  |  | 7,678 |
Total real estate loans |  |  | 2,060 |  |  |  | 899 |  |  |  | 8,423 |  |  |  | 11,382 |  |  |  | 76,219 |  |  |  | 87,601 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,428 |  |  |  | 2,428 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 497 |  |  |  | 497 |
Total other loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,925 |  |  |  | 2,925 |
Total non-covered acquired loans |  | $ | 2,060 |  |  | $ | 899 |  |  | $ | 8,423 |  |  | $ | 11,382 |  |  | $ | 79,144 |  |  | $ | 90,526 |
Covered loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 588 |  |  | $ | 319 |  |  | $ | 864 |  |  | $ | 1,771 |  |  | $ | 2,580 |  |  | $ | 4,351 |
Home equity loans and lines |  |  | 161 |  |  |  | 51 |  |  |  | 146 |  |  |  | 358 |  |  |  | 1,980 |  |  |  | 2,338 |
Commercial real estate |  |  | 459 |  |  |  | — |  |  |  | 701 |  |  |  | 1,160 |  |  |  | 10,028 |  |  |  | 11,188 |
Construction and land |  |  | 11 |  |  |  | 27 |  |  |  | 10 |  |  |  | 48 |  |  |  | 1,356 |  |  |  | 1,404 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,122 |  |  |  | 1,122 |
Total real estate loans |  |  | 1,219 |  |  |  | 397 |  |  |  | 1,721 |  |  |  | 3,337 |  |  |  | 17,066 |  |  |  | 20,403 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | 5 |  |  |  | 109 |  |  |  | 62 |  |  |  | 176 |  |  |  | 1,095 |  |  |  | 1,271 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total other loans |  |  | 5 |  |  |  | 109 |  |  |  | 62 |  |  |  | 176 |  |  |  | 1,095 |  |  |  | 1,271 |
Total covered loans |  | $ | 1,224 |  |  | $ | 506 |  |  | $ | 1,783 |  |  | $ | 3,513 |  |  | $ | 18,161 |  |  | $ | 21,674 |
Total loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 3,198 |  |  | $ | 1,249 |  |  | $ | 4,611 |  |  | $ | 9,058 |  |  | $ | 170,448 |  |  | $ | 179,506 |
Home equity loans and lines |  |  | 247 |  |  |  | 162 |  |  |  | 386 |  |  |  | 795 |  |  |  | 39,766 |  |  |  | 40,561 |
Commercial real estate |  |  | 1,269 |  |  |  | 241 |  |  |  | 4,711 |  |  |  | 6,221 |  |  |  | 263,628 |  |  |  | 269,849 |
Construction and land |  |  | 425 |  |  |  | 28 |  |  |  | 1,145 |  |  |  | 1,598 |  |  |  | 81,673 |  |  |  | 83,271 |
Multi-family residential |  |  | 879 |  |  |  | — |  |  |  | 987 |  |  |  | 1,866 |  |  |  | 14,712 |  |  |  | 16,578 |
Total real estate loans |  |  | 6,018 |  |  |  | 1,680 |  |  |  | 11,840 |  |  |  | 19,538 |  |  |  | 570,227 |  |  |  | 589,765 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | 2,031 |  |  |  | 3,352 |  |  |  | 244 |  |  |  | 5,627 |  |  |  | 71,906 |  |  |  | 77,533 |
Consumer |  |  | 514 |  |  |  | 262 |  |  |  | 277 |  |  |  | 1,053 |  |  |  | 39,105 |  |  |  | 40,158 |
Total other loans |  |  | 2,545 |  |  |  | 3,614 |  |  |  | 521 |  |  |  | 6,680 |  |  |  | 111,011 |  |  |  | 117,691 |
Total loans |  | $ | 8,563 |  |  | $ | 5,294 |  |  | $ | 12,361 |  |  | $ | 26,218 |  |  | $ | 681,238 |  |  | $ | 707,456 |
|  | December 31, 2012 |
(dollars in thousands) |  | 30-59 Days Past Due |  |  | 60-89 Days Past Due |  |  | Greater Than 90 Days Past Due |  |  | Total Past Due |  |  | Current Loans |  |  | Total Loans |
Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 2,241 |  |  | $ | 236 |  |  | $ | 20 |  |  | $ | 2,497 |  |  | $ | 114,245 |  |  | $ | 116,742 |
Home equity loans and lines |  |  | 62 |  |  |  | 17 |  |  |  | — |  |  |  | 79 |  |  |  | 26,914 |  |  |  | 26,993 |
Commercial real estate |  |  | 1,008 |  |  |  | 757 |  |  |  | 511 |  |  |  | 2,276 |  |  |  | 183,528 |  |  |  | 185,804 |
Construction and land |  |  | 285 |  |  |  | — |  |  |  | 167 |  |  |  | 452 |  |  |  | 66,423 |  |  |  | 66,875 |
Multi-family residential |  |  | 220 |  |  |  | — |  |  |  | 529 |  |  |  | 749 |  |  |  | 7,709 |  |  |  | 8,458 |
Total real estate loans |  |  | 3,816 |  |  |  | 1,010 |  |  |  | 1,227 |  |  |  | 6,053 |  |  |  | 398,819 |  |  |  | 404,872 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | 60 |  |  |  | 35 |  |  |  | 170 |  |  |  | 265 |  |  |  | 66,056 |  |  |  | 66,321 |
Consumer |  |  | 479 |  |  |  | 449 |  |  |  | 1 |  |  |  | 929 |  |  |  | 32,412 |  |  |  | 33,341 |
Total other loans |  |  | 539 |  |  |  | 484 |  |  |  | 171 |  |  |  | 1,194 |  |  |  | 98,468 |  |  |  | 99,662 |
Total originated loans |  | $ | 4,355 |  |  | $ | 1,494 |  |  | $ | 1,398 |  |  | $ | 7,247 |  |  | $ | 497,287 |  |  | $ | 504,534 |
Non-covered acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 726 |  |  | $ | 240 |  |  | $ | 1,489 |  |  | $ | 2,455 |  |  | $ | 47,488 |  |  | $ | 49,943 |
Home equity loans and lines |  |  | 54 |  |  |  | 98 |  |  |  | 147 |  |  |  | 299 |  |  |  | 9,824 |  |  |  | 10,123 |
Commercial real estate |  |  | 348 |  |  |  | 92 |  |  |  | 2,907 |  |  |  | 3,347 |  |  |  | 40,785 |  |  |  | 44,132 |
Construction and land |  |  | 577 |  |  |  | — |  |  |  | 366 |  |  |  | 943 |  |  |  | 2,707 |  |  |  | 3,650 |
Multi-family residential |  |  | 311 |  |  |  | — |  |  |  | 678 |  |  |  | 989 |  |  |  | 8,829 |  |  |  | 9,818 |
Total real estate loans |  |  | 2,016 |  |  |  | 430 |  |  |  | 5,587 |  |  |  | 8,033 |  |  |  | 109,633 |  |  |  | 117,666 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | 48 |  |  |  | 65 |  |  |  | — |  |  |  | 113 |  |  |  | 4,356 |  |  |  | 4,469 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 695 |  |  |  | 695 |
Total other loans |  |  | 48 |  |  |  | 65 |  |  |  | — |  |  |  | 113 |  |  |  | 5,051 |  |  |  | 5,164 |
Total non-covered acquired loans |  | $ | 2,064 |  |  | $ | 495 |  |  | $ | 5,587 |  |  | $ | 8,146 |  |  | $ | 114,684 |  |  | $ | 122,830 |
Covered loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 1,438 |  |  | $ | 1,079 |  |  | $ | 1,706 |  |  | $ | 4,223 |  |  | $ | 6,908 |  |  | $ | 11,131 |
Home equity loans and lines |  |  | 294 |  |  |  | — |  |  |  | 135 |  |  |  | 429 |  |  |  | 2,880 |  |  |  | 3,309 |
Commercial real estate |  |  | 76 |  |  |  | 4 |  |  |  | 1,209 |  |  |  | 1,289 |  |  |  | 21,580 |  |  |  | 22,869 |
Construction and land |  |  | 89 |  |  |  | 6 |  |  |  | 1,249 |  |  |  | 1,344 |  |  |  | 3,660 |  |  |  | 5,004 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,383 |  |  |  | 1,383 |
Total real estate loans |  |  | 1,897 |  |  |  | 1,089 |  |  |  | 4,299 |  |  |  | 7,285 |  |  |  | 36,411 |  |  |  | 43,696 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | — |  |  |  | 75 |  |  |  | 366 |  |  |  | 441 |  |  |  | 1,022 |  |  |  | 1,463 |
Consumer |  |  | 44 |  |  |  | 4 |  |  |  | 13 |  |  |  | 61 |  |  |  | 544 |  |  |  | 605 |
Total other loans |  |  | 44 |  |  |  | 79 |  |  |  | 379 |  |  |  | 502 |  |  |  | 1,566 |  |  |  | 2,068 |
Total covered loans |  | $ | 1,941 |  |  | $ | 1,168 |  |  | $ | 4,678 |  |  | $ | 7,787 |  |  | $ | 37,977 |  |  | $ | 45,764 |
Total loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 4,405 |  |  | $ | 1,555 |  |  | $ | 3,215 |  |  | $ | 9,175 |  |  | $ | 168,641 |  |  | $ | 177,816 |
Home equity loans and lines |  |  | 410 |  |  |  | 115 |  |  |  | 282 |  |  |  | 807 |  |  |  | 39,618 |  |  |  | 40,425 |
Commercial real estate |  |  | 1,432 |  |  |  | 853 |  |  |  | 4,627 |  |  |  | 6,912 |  |  |  | 245,893 |  |  |  | 252,805 |
Construction and land |  |  | 951 |  |  |  | 6 |  |  |  | 1,782 |  |  |  | 2,739 |  |  |  | 72,790 |  |  |  | 75,529 |
Multi-family residential |  |  | 531 |  |  |  | — |  |  |  | 1,207 |  |  |  | 1,738 |  |  |  | 17,921 |  |  |  | 19,659 |
Total real estate loans |  | $ | 7,729 |  |  |  | 2,529 |  |  |  | 11,113 |  |  |  | 21,371 |  |  |  | 544,863 |  |  |  | 566,234 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | 108 |  |  |  | 175 |  |  |  | 536 |  |  |  | 819 |  |  |  | 71,434 |  |  |  | 72,253 |
Consumer |  |  | 523 |  |  |  | 453 |  |  |  | 14 |  |  |  | 990 |  |  |  | 33,651 |  |  |  | 34,641 |
Total other loans |  |  | 631 |  |  |  | 628 |  |  |  | 550 |  |  |  | 1,809 |  |  |  | 105,085 |  |  |  | 106,894 |
Total loans |  | $ | 8,360 |  |  | $ | 3,157 |  |  | $ | 11,663 |  |  | $ | 23,180 |  |  | $ | 649,948 |  |  | $ | 673,128 |
As of December 31, 2013 and 2012, the Company did not have any loans greater than 90 days past due which were accruing interest. The following is a summary of information pertaining to impaired loans, excluding acquired loans, as of the dates indicated.
|  | For the Year Ended December 31, 2013 |
(dollars in thousands) |  | Recorded Investment |  |  | Unpaid Principal Balance |  |  | Related Allowance |  |  | Average Recorded Investment |  |  | Interest Income Recognized |
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 386 |  |  | $ | 386 |  |  | $ | — |  |  | $ | 782 |  |  | $ | 12 |
Home equity loans and lines |  |  | 3 |  |  |  | 3 |  |  |  | — |  |  |  | 26 |  |  |  | — |
Commercial real estate |  |  | 360 |  |  |  | 360 |  |  |  | — |  |  |  | 1,336 |  |  |  | — |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 80 |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 325 |  |  |  | — |
Commercial and industrial |  |  | 584 |  |  |  | 584 |  |  |  | — |  |  |  | 743 |  |  |  | 17 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 1,333 |  |  | $ | 1,333 |  |  | $ | — |  |  | $ | 3,292 |  |  | $ | 29 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 126 |  |  | $ | — |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 102 |  |  |  | — |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | 1,247 |  |  |  | 1,247 |  |  |  | 482 |  |  |  | 987 |  |  |  | 38 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 1,247 |  |  | $ | 1,247 |  |  | $ | 482 |  |  | $ | 1,220 |  |  | $ | 38 |
Total impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 386 |  |  | $ | 386 |  |  | $ | — |  |  | $ | 908 |  |  | $ | 12 |
Home equity loans and lines |  |  | 3 |  |  |  | 3 |  |  |  | — |  |  |  | 26 |  |  |  | — |
Commercial real estate |  |  | 360 |  |  |  | 360 |  |  |  | — |  |  |  | 1,438 |  |  |  | — |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 85 |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 325 |  |  |  | — |
Commercial and industrial |  |  | 1,831 |  |  |  | 1,831 |  |  |  | 482 |  |  |  | 1,730 |  |  |  | 55 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 2,580 |  |  | $ | 2,580 |  |  | $ | 482 |  |  | $ | 4,512 |  |  | $ | 67 |
|  | For the Year Ended December 31, 2012 |
(dollars in thousands) |  | Recorded Investment |  |  | Unpaid Principal Balance |  |  | Related Allowance |  |  | Average Recorded Investment |  |  | Interest Income Recognized |
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 1,117 |  |  | $ | 1,117 |  |  | $ | — |  |  | $ | 956 |  |  | $ | 62 |
Home equity loans and lines |  |  | 56 |  |  |  | 56 |  |  |  | — |  |  |  | 71 |  |  |  | 2 |
Commercial real estate |  |  | 2,985 |  |  |  | 2,985 |  |  |  | — |  |  |  | 3,451 |  |  |  | 100 |
Construction and land |  |  | 60 |  |  |  | 60 |  |  |  | — |  |  |  | 631 |  |  |  | — |
Multi-family residential |  |  | 528 |  |  |  | 528 |  |  |  | — |  |  |  | 528 |  |  |  | — |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 48 |  |  |  | — |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 4,746 |  |  | $ | 4,746 |  |  | $ | — |  |  | $ | 5,685 |  |  | $ | 164 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 347 |  |  | $ | 347 |  |  | $ | 49 |  |  | $ | 445 |  |  | $ | 23 |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | — |
Commercial real estate |  |  | 443 |  |  |  | 443 |  |  |  | 134 |  |  |  | 296 |  |  |  | 30 |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 950 |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 29 |  |  |  | — |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 790 |  |  | $ | 790 |  |  | $ | 183 |  |  | $ | 1,723 |  |  | $ | 53 |
Total impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 1,464 |  |  | $ | 1,464 |  |  | $ | 49 |  |  | $ | 1,401 |  |  | $ | 85 |
Home equity loans and lines |  |  | 56 |  |  |  | 56 |  |  |  | — |  |  |  | 74 |  |  |  | 2 |
Commercial real estate |  |  | 3,428 |  |  |  | 3,428 |  |  |  | 134 |  |  |  | 3,747 |  |  |  | 130 |
Construction and land |  |  | 60 |  |  |  | 60 |  |  |  | — |  |  |  | 1,581 |  |  |  | — |
Multi-family residential |  |  | 528 |  |  |  | 528 |  |  |  | — |  |  |  | 528 |  |  |  | — |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 77 |  |  |  | — |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 5,536 |  |  | $ | 5,536 |  |  | $ | 183 |  |  | $ | 7,408 |  |  | $ | 217 |
A summary of information pertaining to nonaccrual loans as of December 31, 2013 and 2012 is as follows.
|  | December 31, 2013 |  |  | December 31, 2012 |
(dollars in thousands) |  | Originated |  |  | Non- covered Acquired(1) |  |  | Covered |  |  | Total |  |  | Originated |  |  | Non- covered Acquired(1) |  |  | Covered |  |  | Total |
Nonaccrual loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 689 |  |  | $ | 4,744 |  |  | $ | 2,184 |  |  | $ | 7,617 |  |  | $ | 126 |  |  | $ | 4,518 |  |  | $ | 2,616 |  |  | $ | 7,260 |
Home equity loans and lines |  |  | 66 |  |  |  | 487 |  |  |  | 170 |  |  |  | 723 |  |  |  | — |  |  |  | 149 |  |  |  | 135 |  |  |  | 284 |
Commercial real estate |  |  | 1,939 |  |  |  | 3,957 |  |  |  | 1,221 |  |  |  | 7,117 |  |  |  | 1,187 |  |  |  | 4,180 |  |  |  | 1,617 |  |  |  | 6,984 |
Construction and land |  |  | 84 |  |  |  | 1,307 |  |  |  | 440 |  |  |  | 1,831 |  |  |  | 166 |  |  |  | 543 |  |  |  | 3,404 |  |  |  | 4,113 |
Multi-family residential |  |  | — |  |  |  | 2,248 |  |  |  | — |  |  |  | 2,248 |  |  |  | 529 |  |  |  | 798 |  |  |  | — |  |  |  | 1,327 |
Commercial and industrial |  |  | 3,881 |  |  |  | — |  |  |  | 954 |  |  |  | 4,835 |  |  |  | 170 |  |  |  | — |  |  |  | 1,746 |  |  |  | 1,916 |
Consumer |  |  | 277 |  |  |  | — |  |  |  | 111 |  |  |  | 388 |  |  |  | 1 |  |  |  | — |  |  |  | 62 |  |  |  | 63 |
Total |  | $ | 6,936 |  |  | $ | 12,743 |  |  | $ | 5,080 |  |  | $ | 24,759 |  |  | $ | 2,179 |  |  | $ | 10,188 |  |  | $ | 9,580 |  |  | $ | 21,947 |
(1) | Nonaccrual non-covered acquired loans accounted for under ASC 310-30 at the time of acquisition totaled $5.5 million and $3.4 million as of December 31, 2013 and 2012, respectively.
As of December 31, 2013, the Company was not committed to lend additional funds to any customer whose loan was classified as impaired. As of December 31, 2013 and 2012, the Company had accrued interest receivable for loans of $2,553,000 and $2,708,000, respectively. Troubled Debt Restructurings During the course of its lending operations, the Company periodically grants concessions to its customers in an attempt to protect as much of its investment as possible and to minimize risk of loss. These concessions may include restructuring the terms of a customer loan to alleviate the burden of the customer’s near-term cash requirements. Effective January 1, 2011, the Company adopted the provisions of ASU No. 2011-02, Receivables (Topic 310): A Creditor’s Determination of Whether a Restructuring is a Troubled Debt Restructuring, which provides clarification on the determination of whether loan restructurings are considered troubled debt restructurings (“TDRs”). In accordance with the ASU, in order to be considered a TDR, the Company must conclude that the restructuring of a loan to a borrower who is experiencing financial difficulties constitutes a “concession”. The Company defines a concession as a modification of existing terms granted to a borrower for economic or legal reasons related to the borrower’s financial difficulties that the Company would otherwise not consider. The concession is either granted through an agreement with the customer or is imposed by a court or by a law. Concessions include modifying original loan terms to reduce or defer cash payments required as part of the loan agreement, including but not limited to:
• |  | a reduction of the stated interest rate for the remaining original life of the debt,
• |  | an extension of the maturity date or dates at an interest rate lower than the current market rate for new debt with similar risk characteristics,
• |  | a reduction of the face amount or maturity amount of the debt, or
• |  | a reduction of accrued interest receivable on the debt.
In its determination of whether the customer is experiencing financial difficulties, the Company considers numerous indicators, including, but not limited to:
• |  | whether the customer is currently in default on its existing loan, or is in an economic position where it is probable the customer will be in default on its loan in the foreseeable future without a modification,
• |  | whether the customer has declared or is in the process of declaring bankruptcy,
• |  | whether there is substantial doubt about the customer’s ability to continue as a going concern,
• |  | whether, based on its projections of the customer’s current capabilities, the Company believes the customer’s future cash flows will be insufficient to service the debt, including interest, in accordance with the contractual terms of the existing agreement for the foreseeable future, and
• |  | whether, without modification, the customer cannot obtain sufficient funds from other sources at an effective interest rate equal to the current market rate for similar debt for a non-troubled debtor.
If the Company concludes that both a concession has been granted and the concession was granted to a customer experiencing financial difficulties, the Company identifies the loan as a TDR. For purposes of the determination of an allowance for loan losses on TDRs, such loans are reviewed for specific impairment in accordance with the Company’s allowance for loan loss methodology. If it is determined that losses are probable on such TDRs, either because of delinquency or other credit quality indicators, the Company specifically allocates a portion of the allowance for loan losses to these loans. Information about the Company’s TDRs is presented in the following tables.
|  | As of December 31, 2013 |
(dollars in thousands) |  | Current |  |  | Past Due Greater Than 30 Days |  |  | Nonaccrual TDRs |  |  | Total TDRs(1) |
Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | — |  |  | $ | — |  |  | $ | 296 |  |  | $ | 296 |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | 275 |  |  |  | — |  |  |  | 111 |  |  |  | 386 |
Construction and land |  |  | 147 |  |  |  | — |  |  |  | — |  |  |  | 147 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total real estate loans |  |  | 422 |  |  |  | — |  |  |  | 407 |  |  |  | 829 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 3 |
Total other loans |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 3 |
Total loans |  | $ | 425 |  |  | $ | — |  |  | $ | 407 |  |  | $ | 832 |
Non-covered acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | — |  |  | $ | — |  |  | $ | 586 |  |  | $ | 586 |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | 1,046 |  |  |  | 1,046 |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | 676 |  |  |  | 676 |
Total real estate loans |  |  | — |  |  |  | — |  |  |  | 2,308 |  |  |  | 2,308 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total other loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total loans |  | $ | — |  |  | $ | — |  |  | $ | 2,308 |  |  | $ | 2,308 |
Covered loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction and land |  |  | — |  |  |  | — |  |  |  | 392 |  |  |  | 392 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total real estate loans |  |  | — |  |  |  | — |  |  |  | 392 |  |  |  | 392 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | 830 |  |  |  | 830 |
Consumer |  |  | 5 |  |  |  | — |  |  |  | 31 |  |  |  | 36 |
Total other loans |  |  | 5 |  |  |  | — |  |  |  | 861 |  |  |  | 866 |
Total loans |  | $ | 5 |  |  | $ | — |  |  | $ | 1,253 |  |  | $ | 1,258 |
Total loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | — |  |  | $ | — |  |  | $ | 882 |  |  | $ | 882 |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | 275 |  |  |  | — |  |  |  | 1,157 |  |  |  | 1,432 |
Construction and land |  |  | 147 |  |  |  | — |  |  |  | 392 |  |  |  | 539 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | 676 |  |  |  | 676 |
Total real estate loans |  |  | 422 |  |  |  | — |  |  |  | 3,107 |  |  |  | 3,529 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | 830 |  |  |  | 830 |
Consumer |  |  | 8 |  |  |  | — |  |  |  | 31 |  |  |  | 39 |
Total other loans |  |  | 8 |  |  |  | — |  |  |  | 861 |  |  |  | 869 |
Total loans |  | $ | 430 |  |  | $ | — |  |  | $ | 3,968 |  |  | $ | 4,398 |
|  | As of December 31, 2012 |
(dollars in thousands) |  | Current |  |  | Past Due Greater Than 30 Days |  |  | Nonaccrual TDRs |  |  | Total TDRs(1) |
Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | — |  |  | $ | 310 |  |  | $ | — |  |  | $ | 310 |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | — |  |  |  | 299 |  |  |  | 112 |  |  |  | 411 |
Construction and land |  |  | 182 |  |  |  | — |  |  |  | — |  |  |  | 182 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total real estate loans |  |  | 182 |  |  |  | 609 |  |  |  | 112 |  |  |  | 903 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | 5 |  |  |  | — |  |  |  | — |  |  |  | 5 |
Consumer |  |  | 12 |  |  |  | — |  |  |  | — |  |  |  | 12 |
Total other loans |  |  | 17 |  |  |  | — |  |  |  | — |  |  |  | 17 |
Total loans |  | $ | 199 |  |  | $ | 609 |  |  | $ | 112 |  |  | $ | 920 |
Non-covered acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | — |  |  | $ | — |  |  | $ | 52 |  |  | $ | 52 |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | 1,126 |  |  |  | 1,126 |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | 678 |  |  |  | 678 |
Total real estate loans |  |  | — |  |  |  | — |  |  |  | 1,856 |  |  |  | 1,856 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total other loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total loans |  | $ | — |  |  | $ | — |  |  | $ | 1,856 |  |  | $ | 1,856 |
Covered loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction and land |  |  | 289 |  |  |  | — |  |  |  | — |  |  |  | 289 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total real estate loans |  |  | 289 |  |  |  | — |  |  |  | — |  |  |  | 289 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | 896 |  |  |  | 896 |
Consumer |  |  | 17 |  |  |  | — |  |  |  | — |  |  |  | 17 |
Total other loans |  |  | 17 |  |  |  | — |  |  |  | 896 |  |  |  | 913 |
Total loans |  | $ | 306 |  |  | $ | — |  |  | $ | 896 |  |  | $ | 1,202 |
Total loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | — |  |  | $ | 310 |  |  | $ | 52 |  |  | $ | 362 |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | — |  |  |  | 299 |  |  |  | 1,238 |  |  |  | 1,537 |
Construction and land |  |  | 471 |  |  |  | — |  |  |  | — |  |  |  | 471 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | 678 |  |  |  | 678 |
Total real estate loans |  |  | 471 |  |  |  | 609 |  |  |  | 1,968 |  |  |  | 3,048 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | 5 |  |  |  | — |  |  |  | 896 |  |  |  | 901 |
Consumer |  |  | 29 |  |  |  | — |  |  |  | — |  |  |  | 29 |
Total other loans |  |  | 34 |  |  |  | — |  |  |  | 896 |  |  |  | 930 |
Total loans |  | $ | 505 |  |  | $ | 609 |  |  | $ | 2,864 |  |  | $ | 3,978 |
A summary of information pertaining to modified terms of loans, as of the date indicated is as follows.
|  | As of December 31, 2013 |  |  | As of December 31, 2012 |
(dollars in thousands) |  | Number of Contracts |  |  | Pre- modification Outstanding Recorded Investment |  |  | Post- modification Outstanding Recorded Investment |  |  | Number of Contracts |  |  | Pre- modification Outstanding Recorded Investment |  |  | Post- modification Outstanding Recorded Investment |
Troubled debt restructurings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  |  | 5 |  |  | $ | 1,036 |  |  | $ | 882 |  |  |  | 2 |  |  | $ | 365 |  |  | $ | 361 |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | 3 |  |  |  | 1,452 |  |  |  | 1,432 |  |  |  | 3 |  |  |  | 1,556 |  |  |  | 1,537 |
Construction and land |  |  | 4 |  |  |  | 1,299 |  |  |  | 539 |  |  |  | 3 |  |  |  | 936 |  |  |  | 471 |
Multi-family residential |  |  | 1 |  |  |  | 784 |  |  |  | 676 |  |  |  | 1 |  |  |  | 787 |  |  |  | 679 |
Commercial and industrial |  |  | 1 |  |  |  | 1,174 |  |  |  | 830 |  |  |  | 2 |  |  |  | 1,250 |  |  |  | 901 |
Other consumer |  |  | 5 |  |  |  | 66 |  |  |  | 39 |  |  |  | 3 |  |  |  | 41 |  |  |  | 29 |
Total |  |  | 19 |  |  | $ | 5,811 |  |  | $ | 4,398 |  |  |  | 14 |  |  | $ | 4,935 |  |  | $ | 3,978 |
None of the other performing troubled debt restructurings as of December 31, 2013 has defaulted subsequent to the restructuring through the date the financial statements were available to be issued. The Company restructured, as a TDR, four loans totaling $707,000 during 2013.

X
- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=28368275&loc=d3e5074-111524 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=28368275&loc=d3e5066-111524 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 9 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Article 4 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=28368275&loc=d3e5162-111524 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration