XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Credit Quality and Allowance for Loan Losses | 9 Months Ended
--- | ---
Sep. 30, 2017
Receivables [Abstract] |
Credit Quality and Allowance for Loan Losses | 6. Credit Quality and Allowance for Loan Losses The following briefly describes the distinction between originated and acquired loans and certain significant accounting policies relevant to each category. Originated Loans Loans originated for investment are reported at the principal balance outstanding net of unearned income. Interest on loans and accretion of unearned income are computed in a manner that approximates a level yield on recorded principal. Interest on loans is recorded as income is earned. The accrual of interest on an originated loan is discontinued when it is probable the borrower will not be able to meet payment obligations as they become due. The Company maintains an allowance for loan losses on originated loans that represents management’s estimate of probable losses incurred in this portfolio category. Acquired Loans Loans that were acquired as a result of our acquisitions of certain assets and liabilities of Statewide Bank (“Statewide”) of Covington, Louisiana, on March 12, 2010, and the acquisitions of GS Financial Corp. (“GSFC”), the former holding company of Guaranty Savings Bank of Metairie, Louisiana, on July 15, 2011, Britton & Koontz Capital Corporation (“Britton & Koontz”), the former holding company of Britton & Koontz Bank, N.A. (“Britton & Koontz Bank”) of Natchez, Mississippi on February 14, 2014, and Louisiana Bancorp, Inc. (“Louisiana Bancorp”), the former holding company of Bank of New Orleans (“BNO”) of Metairie, Louisiana on September 15, 2015 are referred to as “Acquired Loans.” Acquired Loans were recorded at estimated fair value at the acquisition date with no carryover of the related allowance for loan losses. The acquired loans were segregated between those considered to be performing (“acquired performing”) and those with evidence of credit deterioration (“acquired impaired”), and then further segregated into loan pools designed to facilitate the estimation of expected cash flows. The fair value estimate for each pool of acquired performing and acquired impaired loans was based on the estimate of expected cash flows, both principal and interest, from that pool, discounted at prevailing market interest rates. The difference between the fair value of an acquired performing loan pool and the contractual amounts due at the acquisition date (the “fair value discount”) is accreted into income over the estimated life of the pool. Management estimates an allowance for loan losses for acquired performing loans using a methodology similar to that used for originated loans. The allowance determined for each loan pool is compared to the remaining fair value discount for that pool. If the allowance amount calculated under the Company’s methodology is greater than the Company’s remaining discount, the additional amount called for is added to the reported allowance through a provision for loan losses. If the allowance amount calculated under the Company’s methodology is less than the Company’s recorded discount, no additional allowance or provision is recognized. Actual losses first reduce any remaining nonaccretable discount for the loan pool. Once the nonaccretable discount is fully depleted, losses are applied against the allowance established for that pool. Acquired performing loans are placed on nonaccrual status and considered and reported as nonperforming or past due using the same criteria applied to the originated portfolio. The excess of cash flows expected to be collected from an acquired impaired loan pool over the pool’s estimated fair value at acquisition is referred to as the accretable yield and is recognized in interest income using an effective yield method over the remaining life of the pool. Each pool of acquired impaired loans is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows. Management recasts the estimate of cash flows expected to be collected on each acquired impaired loan pool periodically. If the present value of expected cash flows for a pool is less than its carrying value, an impairment is recognized by an increase in the allowance for loan losses and a charge to the provision for loan losses. If the present value of expected cash flows for a pool is greater than its carrying value, any previously established allowance for loan losses is reversed and any remaining difference increases the accretable yield, which will be taken into interest income over the remaining life of the loan pool. Acquired impaired loans are generally not subject to individual evaluation for impairment and are not reported with impaired loans, even if they would otherwise qualify for such treatment. The allowance for loan losses and recorded investment in loans as of the dates indicated are as follows.
|  | As of September 30, 2017 |
|  | Originated Loans |  |  |  |  |  |  |
(dollars in thousands) |  | Collectively Evaluated for Impairment |  |  | Individually Evaluated for Impairment |  |  | Acquired Loans |  |  | Total |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 1,553 |  |  | $ | — |  |  | $ | 59 |  |  | $ | 1,612 |
Home equity loans and lines |  |  | 713 |  |  |  | 348 |  |  |  | 62 |  |  |  | 1,123 |
Commercial real estate |  |  | 4,604 |  |  |  | — |  |  |  | 77 |  |  |  | 4,681 |
Construction and land |  |  | 1,677 |  |  |  | — |  |  |  | 7 |  |  |  | 1,684 |
Multi-family residential |  |  | 351 |  |  |  | — |  |  |  | — |  |  |  | 351 |
Commercial and industrial |  |  | 2,460 |  |  |  | 865 |  |  |  | 176 |  |  |  | 3,501 |
Consumer |  |  | 469 |  |  |  | — |  |  |  | 3 |  |  |  | 472 |
Total allowance for loan losses |  | $ | 11,827 |  |  | $ | 1,213 |  |  | $ | 384 |  |  | $ | 13,424 |
|  | As of September 30, 2017 |
|  | Originated Loans |  |  |  |  |  |  |
(dollars in thousands) |  | Collectively Evaluated for Impairment |  |  | Individually Evaluated for Impairment |  |  | Acquired Loans(1) |  |  | Total |
Recorded investment in loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 193,987 |  |  | $ | — |  |  | $ | 139,655 |  |  | $ | 333,642 |
Home equity loans and lines |  |  | 53,836 |  |  |  | 932 |  |  |  | 35,356 |  |  |  | 90,124 |
Commercial real estate |  |  | 367,243 |  |  |  | 23 |  |  |  | 98,286 |  |  |  | 465,552 |
Construction and land |  |  | 122,788 |  |  |  | — |  |  |  | 1,766 |  |  |  | 124,554 |
Multi-family residential |  |  | 30,635 |  |  |  | — |  |  |  | 15,497 |  |  |  | 46,132 |
Commercial and industrial |  |  | 116,988 |  |  |  | 4,940 |  |  |  | 6,856 |  |  |  | 128,784 |
Consumer |  |  | 37,398 |  |  |  | — |  |  |  | 1,207 |  |  |  | 38,605 |
Total loans |  | $ | 922,875 |  |  | $ | 5,895 |  |  | $ | 298,623 |  |  | $ | 1,227,393 |
|  | As of December 31, 2016 |
|  | Originated Loans |  |  |  |  |  |  |
(dollars in thousands) |  | Collectively Evaluated for Impairment |  |  | Individually Evaluated for Impairment |  |  | Acquired Loans |  |  | Total |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 1,397 |  |  | $ | 39 |  |  | $ | 75 |  |  | $ | 1,511 |
Home equity loans and lines |  |  | 654 |  |  |  | — |  |  |  | 74 |  |  |  | 728 |
Commercial real estate |  |  | 4,158 |  |  |  | 19 |  |  |  | — |  |  |  | 4,177 |
Construction and land |  |  | 1,763 |  |  |  | — |  |  |  | 19 |  |  |  | 1,782 |
Multi-family residential |  |  | 361 |  |  |  | — |  |  |  | — |  |  |  | 361 |
Commercial and industrial |  |  | 2,579 |  |  |  | 737 |  |  |  | 123 |  |  |  | 3,439 |
Consumer |  |  | 513 |  |  |  | — |  |  |  | — |  |  |  | 513 |
Total allowance for loan losses |  | $ | 11,425 |  |  | $ | 795 |  |  | $ | 291 |  |  | $ | 12,511 |
|  | As of December 31, 2016 |
|  | Originated Loans |  |  |  |  |  |  |
(dollars in thousands) |  | Collectively Evaluated for Impairment |  |  | Individually Evaluated for Impairment |  |  | Acquired Loans(1) |  |  | Total |
Recorded investment in loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 176,392 |  |  | $ | 252 |  |  | $ | 165,239 |  |  | $ | 341,883 |
Home equity loans and lines |  |  | 47,865 |  |  |  | — |  |  |  | 40,956 |  |  |  | 88,821 |
Commercial real estate |  |  | 321,361 |  |  |  | 462 |  |  |  | 105,692 |  |  |  | 427,515 |
Construction and land |  |  | 138,955 |  |  |  | — |  |  |  | 2,212 |  |  |  | 141,167 |
Multi-family residential |  |  | 26,941 |  |  |  | — |  |  |  | 19,428 |  |  |  | 46,369 |
Commercial and industrial |  |  | 126,791 |  |  |  | 4,844 |  |  |  | 8,175 |  |  |  | 139,810 |
Consumer |  |  | 40,827 |  |  |  | — |  |  |  | 1,441 |  |  |  | 42,268 |
Total loans |  | $ | 879,132 |  |  | $ | 5,558 |  |  | $ | 343,143 |  |  | $ | 1,227,833 |
(1) | $9.3 million and $13.1 million in acquired loans were deemed to be acquired impaired loans and were accounted for under ASC 310-30 at September 30, 2017 and December 31, 2016, respectively.
A summary of activity in the allowance for loan losses for the nine months ended September 30, 2017 and September 30, 2016 follows.
|  | For the Nine Months Ended September 30, 2017 |
(dollars in thousands) |  | Beginning Balance |  |  | Charge-offs |  |  | Recoveries |  |  | Provision |  |  | Ending Balance |
Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 1,436 |  |  | $ | — |  |  | $ | — |  |  | $ | 117 |  |  | $ | 1,553 |
Home equity loans and lines |  |  | 654 |  |  |  | (10 | ) |  |  | 18 |  |  |  | 399 |  |  |  | 1,061 |
Commercial real estate |  |  | 4,177 |  |  |  | (4 | ) |  |  | — |  |  |  | 431 |  |  |  | 4,604 |
Construction and land |  |  | 1,763 |  |  |  | — |  |  |  | — |  |  |  | (86 | ) |  |  | 1,677 |
Multi-family residential |  |  | 361 |  |  |  | — |  |  |  | — |  |  |  | (10 | ) |  |  | 351 |
Commercial and industrial |  |  | 3,316 |  |  |  | (358 | ) |  |  | 203 |  |  |  | 164 |  |  |  | 3,325 |
Consumer |  |  | 513 |  |  |  | (58 | ) |  |  | 5 |  |  |  | 9 |  |  |  | 469 |
Total allowance for loan losses |  | $ | 12,220 |  |  | $ | (430 | ) |  | $ | 226 |  |  | $ | 1,024 |  |  | $ | 13,040 |
Acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 75 |  |  | $ | — |  |  | $ | — |  |  | $ | (16 | ) |  | $ | 59 |
Home equity loans and lines |  |  | 74 |  |  |  | — |  |  |  | — |  |  |  | (12 | ) |  |  | 62 |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 77 |  |  |  | 77 |
Construction and land |  |  | 19 |  |  |  | — |  |  |  | — |  |  |  | (12 | ) |  |  | 7 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | 123 |  |  |  | — |  |  |  | — |  |  |  | 53 |  |  |  | 176 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | 3 |
Total allowance for loan losses |  | $ | 291 |  |  | $ | — |  |  | $ | — |  |  | $ | 93 |  |  | $ | 384 |
Total loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 1,511 |  |  | $ | — |  |  | $ | — |  |  | $ | 101 |  |  | $ | 1,612 |
Home equity loans and lines |  |  | 728 |  |  |  | (10 | ) |  |  | 18 |  |  |  | 387 |  |  |  | 1,123 |
Commercial real estate |  |  | 4,177 |  |  |  | (4 | ) |  |  | — |  |  |  | 508 |  |  |  | 4,681 |
Construction and land |  |  | 1,782 |  |  |  | — |  |  |  | — |  |  |  | (98 | ) |  |  | 1,684 |
Multi-family residential |  |  | 361 |  |  |  | — |  |  |  | — |  |  |  | (10 | ) |  |  | 351 |
Commercial and industrial |  |  | 3,439 |  |  |  | (358 | ) |  |  | 203 |  |  |  | 217 |  |  |  | 3,501 |
Consumer |  |  | 513 |  |  |  | (58 | ) |  |  | 5 |  |  |  | 12 |  |  |  | 472 |
Total allowance for loan losses |  | $ | 12,511 |  |  | $ | (430 | ) |  | $ | 226 |  |  | $ | 1,117 |  |  | $ | 13,424 |
|  | For the Nine Months Ended September 30, 2016 |
(dollars in thousands) |  | Beginning Balance |  |  | Charge-offs |  |  | Recoveries |  |  | Provision |  |  | Ending Balance |
Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 1,372 |  |  | $ | — |  |  | $ | — |  |  | $ | 32 |  |  | $ | 1,404 |
Home equity loans and lines |  |  | 536 |  |  |  | (9 | ) |  |  | 2 |  |  |  | 133 |  |  |  | 662 |
Commercial real estate |  |  | 3,152 |  |  |  | — |  |  |  | 1 |  |  |  | 883 |  |  |  | 4,036 |
Construction and land |  |  | 1,360 |  |  |  | — |  |  |  | 51 |  |  |  | 260 |  |  |  | 1,671 |
Multi-family residential |  |  | 173 |  |  |  | — |  |  |  | — |  |  |  | 169 |  |  |  | 342 |
Commercial and industrial |  |  | 2,010 |  |  |  | (128 | ) |  |  | 43 |  |  |  | 1,250 |  |  |  | 3,175 |
Consumer |  |  | 571 |  |  |  | (112 | ) |  |  | 4 |  |  |  | 69 |  |  |  | 532 |
Total allowance for loan losses |  | $ | 9,174 |  |  | $ | (249 | ) |  | $ | 101 |  |  | $ | 2,796 |  |  | $ | 11,822 |
Acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 92 |  |  | $ | — |  |  | $ | — |  |  | $ | 8 |  |  | $ | 100 |
Home equity loans and lines |  |  | 224 |  |  |  | — |  |  |  | — |  |  |  | (150 | ) |  |  | 74 |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction and land |  |  | 57 |  |  |  | — |  |  |  | — |  |  |  | 17 |  |  |  | 74 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | 94 |  |  |  | 29 |  |  |  | 123 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total allowance for loan losses |  | $ | 373 |  |  | $ | — |  |  | $ | 94 |  |  | $ | (96 | ) |  | $ | 371 |
Total loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 1,464 |  |  | $ | — |  |  | $ | — |  |  | $ | 40 |  |  | $ | 1,504 |
Home equity loans and lines |  |  | 760 |  |  |  | (9 | ) |  |  | 2 |  |  |  | (17 | ) |  |  | 736 |
Commercial real estate |  |  | 3,152 |  |  |  | — |  |  |  | 1 |  |  |  | 883 |  |  |  | 4,036 |
Construction and land |  |  | 1,417 |  |  |  | — |  |  |  | 51 |  |  |  | 277 |  |  |  | 1,745 |
Multi-family residential |  |  | 173 |  |  |  | — |  |  |  | — |  |  |  | 169 |  |  |  | 342 |
Commercial and industrial |  |  | 2,010 |  |  |  | (128 | ) |  |  | 137 |  |  |  | 1,279 |  |  |  | 3,298 |
Consumer |  |  | 571 |  |  |  | (112 | ) |  |  | 4 |  |  |  | 69 |  |  |  | 532 |
Total allowance for loan losses |  | $ | 9,547 |  |  | $ | (249 | ) |  | $ | 195 |  |  | $ | 2,700 |  |  | $ | 12,193 |
The following tables present the Company’s loan portfolio by credit quality classification as of the dates indicated.
|  | September 30, 2017 |
(dollars in thousands) |  | Pass |  |  | Special Mention |  |  | Substandard |  |  | Doubtful |  |  | Total |
Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 191,783 |  |  | $ | 367 |  |  | $ | 1,837 |  |  | $ | — |  |  | $ | 193,987 |
Home equity loans and lines |  |  | 52,588 |  |  |  | 292 |  |  |  | 1,888 |  |  |  | — |  |  |  | 54,768 |
Commercial real estate |  |  | 357,342 |  |  |  | 746 |  |  |  | 9,178 |  |  |  | — |  |  |  | 367,266 |
Construction and land |  |  | 121,459 |  |  |  | 215 |  |  |  | 1,114 |  |  |  | — |  |  |  | 122,788 |
Multi-family residential |  |  | 30,635 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 30,635 |
Commercial and industrial |  |  | 104,566 |  |  |  | 3,471 |  |  |  | 13,891 |  |  |  | — |  |  |  | 121,928 |
Consumer |  |  | 36,955 |  |  |  | 122 |  |  |  | 321 |  |  |  | — |  |  |  | 37,398 |
Total originated loans |  | $ | 895,328 |  |  | $ | 5,213 |  |  | $ | 28,229 |  |  | $ | — |  |  | $ | 928,770 |
Acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 136,775 |  |  | $ | 507 |  |  | $ | 2,373 |  |  | $ | — |  |  | $ | 139,655 |
Home equity loans and lines |  |  | 35,210 |  |  |  | 28 |  |  |  | 118 |  |  |  | — |  |  |  | 35,356 |
Commercial real estate |  |  | 95,265 |  |  |  | 1,855 |  |  |  | 1,166 |  |  |  | — |  |  |  | 98,286 |
Construction and land |  |  | 1,296 |  |  |  | — |  |  |  | 470 |  |  |  | — |  |  |  | 1,766 |
Multi-family residential |  |  | 15,333 |  |  |  | — |  |  |  | 164 |  |  |  | — |  |  |  | 15,497 |
Commercial and industrial |  |  | 4,107 |  |  |  | — |  |  |  | 2,749 |  |  |  | — |  |  |  | 6,856 |
Consumer |  |  | 1,175 |  |  |  | 32 |  |  |  | — |  |  |  | — |  |  |  | 1,207 |
Total acquired loans |  | $ | 289,161 |  |  | $ | 2,422 |  |  | $ | 7,040 |  |  | $ | — |  |  | $ | 298,623 |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 328,558 |  |  | $ | 874 |  |  | $ | 4,210 |  |  | $ | — |  |  | $ | 333,642 |
Home equity loans and lines |  |  | 87,798 |  |  |  | 320 |  |  |  | 2,006 |  |  |  | — |  |  |  | 90,124 |
Commercial real estate |  |  | 452,607 |  |  |  | 2,601 |  |  |  | 10,344 |  |  |  | — |  |  |  | 465,552 |
Construction and land |  |  | 122,755 |  |  |  | 215 |  |  |  | 1,584 |  |  |  | — |  |  |  | 124,554 |
Multi-family residential |  |  | 45,968 |  |  |  | — |  |  |  | 164 |  |  |  | — |  |  |  | 46,132 |
Commercial and industrial |  |  | 108,673 |  |  |  | 3,471 |  |  |  | 16,640 |  |  |  | — |  |  |  | 128,784 |
Consumer |  |  | 38,130 |  |  |  | 154 |  |  |  | 321 |  |  |  | — |  |  |  | 38,605 |
Total loans |  | $ | 1,184,489 |  |  | $ | 7,635 |  |  | $ | 35,269 |  |  | $ | — |  |  | $ | 1,227,393 |
|  | December 31, 2016 |
(dollars in thousands) |  | Pass |  |  | Special Mention |  |  | Substandard |  |  | Doubtful |  |  | Total |
Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 175,045 |  |  | $ | 276 |  |  | $ | 1,323 |  |  | $ | — |  |  | $ | 176,644 |
Home equity loans and lines |  |  | 46,536 |  |  |  | 331 |  |  |  | 998 |  |  |  | — |  |  |  | 47,865 |
Commercial real estate |  |  | 311,517 |  |  |  | 822 |  |  |  | 9,484 |  |  |  | — |  |  |  | 321,823 |
Construction and land |  |  | 138,000 |  |  |  | 22 |  |  |  | 933 |  |  |  | — |  |  |  | 138,955 |
Multi-family residential |  |  | 26,941 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 26,941 |
Commercial and industrial |  |  | 114,962 |  |  |  | 5,979 |  |  |  | 10,694 |  |  |  | — |  |  |  | 131,635 |
Consumer |  |  | 40,369 |  |  |  | 98 |  |  |  | 360 |  |  |  | — |  |  |  | 40,827 |
Total originated loans |  | $ | 853,370 |  |  | $ | 7,528 |  |  | $ | 23,792 |  |  | $ | — |  |  | $ | 884,690 |
Acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 162,037 |  |  | $ | 245 |  |  | $ | 2,957 |  |  | $ | — |  |  | $ | 165,239 |
Home equity loans and lines |  |  | 40,812 |  |  |  | 47 |  |  |  | 97 |  |  |  | — |  |  |  | 40,956 |
Commercial real estate |  |  | 101,546 |  |  |  | 2,758 |  |  |  | 1,388 |  |  |  | — |  |  |  | 105,692 |
Construction and land |  |  | 1,537 |  |  |  | 71 |  |  |  | 604 |  |  |  | — |  |  |  | 2,212 |
Multi-family residential |  |  | 19,250 |  |  |  | — |  |  |  | 178 |  |  |  | — |  |  |  | 19,428 |
Commercial and industrial |  |  | 4,843 |  |  |  | — |  |  |  | 3,332 |  |  |  | — |  |  |  | 8,175 |
Consumer |  |  | 1,401 |  |  |  | 38 |  |  |  | 2 |  |  |  | — |  |  |  | 1,441 |
Total acquired loans |  | $ | 331,426 |  |  | $ | 3,159 |  |  | $ | 8,558 |  |  | $ | — |  |  | $ | 343,143 |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 337,082 |  |  | $ | 521 |  |  | $ | 4,280 |  |  | $ | — |  |  | $ | 341,883 |
Home equity loans and lines |  |  | 87,348 |  |  |  | 378 |  |  |  | 1,095 |  |  |  | — |  |  |  | 88,821 |
Commercial real estate |  |  | 413,063 |  |  |  | 3,580 |  |  |  | 10,872 |  |  |  | — |  |  |  | 427,515 |
Construction and land |  |  | 139,537 |  |  |  | 93 |  |  |  | 1,537 |  |  |  | — |  |  |  | 141,167 |
Multi-family residential |  |  | 46,191 |  |  |  | — |  |  |  | 178 |  |  |  | — |  |  |  | 46,369 |
Commercial and industrial |  |  | 119,805 |  |  |  | 5,979 |  |  |  | 14,026 |  |  |  | — |  |  |  | 139,810 |
Consumer |  |  | 41,770 |  |  |  | 136 |  |  |  | 362 |  |  |  | — |  |  |  | 42,268 |
Total loans |  | $ | 1,184,796 |  |  | $ | 10,687 |  |  | $ | 32,350 |  |  | $ | — |  |  | $ | 1,227,833 |
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 performance. Such loans 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-agency regulatory methodology that incorporates, among other factors, the extent of delinquencies and loan-to-value ratios. These classifications were the most current available as of the dates indicated and were generally updated within the quarter. Age analysis of past due loans as of the dates indicated are as follows.
|  | September 30, 2017 |
(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 |  | $ | 4,187 |  |  | $ | 429 |  |  | $ | 401 |  |  | $ | 5,017 |  |  | $ | 188,970 |  |  | $ | 193,987 |
Home equity loans and lines |  |  | 100 |  |  |  | 9 |  |  |  | 13 |  |  |  | 122 |  |  |  | 54,646 |  |  |  | 54,768 |
Commercial real estate |  |  | 1,180 |  |  |  | — |  |  |  | 384 |  |  |  | 1,564 |  |  |  | 365,702 |  |  |  | 367,266 |
Construction and land |  |  | 302 |  |  |  | 200 |  |  |  | — |  |  |  | 502 |  |  |  | 122,286 |  |  |  | 122,788 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 30,635 |  |  |  | 30,635 |
Total real estate loans |  |  | 5,769 |  |  |  | 638 |  |  |  | 798 |  |  |  | 7,205 |  |  |  | 762,239 |  |  |  | 769,444 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | 28 |  |  |  | 497 |  |  |  | 521 |  |  |  | 1,046 |  |  |  | 120,882 |  |  |  | 121,928 |
Consumer |  |  | 361 |  |  |  | 95 |  |  |  | 171 |  |  |  | 627 |  |  |  | 36,771 |  |  |  | 37,398 |
Total other loans |  |  | 389 |  |  |  | 592 |  |  |  | 692 |  |  |  | 1,673 |  |  |  | 157,653 |  |  |  | 159,326 |
Total originated loans |  | $ | 6,158 |  |  | $ | 1,230 |  |  | $ | 1,490 |  |  | $ | 8,878 |  |  | $ | 919,892 |  |  | $ | 928,770 |
Acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 1,300 |  |  | $ | 488 |  |  | $ | 1,502 |  |  | $ | 3,290 |  |  | $ | 136,365 |  |  | $ | 139,655 |
Home equity loans and lines |  |  | 231 |  |  |  | — |  |  |  | 42 |  |  |  | 273 |  |  |  | 35,083 |  |  |  | 35,356 |
Commercial real estate |  |  | — |  |  |  | 44 |  |  |  | 209 |  |  |  | 253 |  |  |  | 98,033 |  |  |  | 98,286 |
Construction and land |  |  | 15 |  |  |  | 32 |  |  |  | — |  |  |  | 47 |  |  |  | 1,719 |  |  |  | 1,766 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 15,497 |  |  |  | 15,497 |
Total real estate loans |  |  | 1,546 |  |  |  | 564 |  |  |  | 1,753 |  |  |  | 3,863 |  |  |  | 286,697 |  |  |  | 290,560 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,856 |  |  |  | 6,856 |
Consumer |  |  | 4 |  |  |  | 8 |  |  |  | — |  |  |  | 12 |  |  |  | 1,195 |  |  |  | 1,207 |
Total other loans |  |  | 4 |  |  |  | 8 |  |  |  | — |  |  |  | 12 |  |  |  | 8,051 |  |  |  | 8,063 |
Total acquired loans |  | $ | 1,550 |  |  | $ | 572 |  |  | $ | 1,753 |  |  | $ | 3,875 |  |  | $ | 294,748 |  |  | $ | 298,623 |
Total loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 5,487 |  |  | $ | 917 |  |  | $ | 1,903 |  |  | $ | 8,307 |  |  | $ | 325,335 |  |  | $ | 333,642 |
Home equity loans and lines |  |  | 331 |  |  |  | 9 |  |  |  | 55 |  |  |  | 395 |  |  |  | 89,729 |  |  |  | 90,124 |
Commercial real estate |  |  | 1,180 |  |  |  | 44 |  |  |  | 593 |  |  |  | 1,817 |  |  |  | 463,735 |  |  |  | 465,552 |
Construction and land |  |  | 317 |  |  |  | 232 |  |  |  | — |  |  |  | 549 |  |  |  | 124,005 |  |  |  | 124,554 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 46,132 |  |  |  | 46,132 |
Total real estate loans |  |  | 7,315 |  |  |  | 1,202 |  |  |  | 2,551 |  |  |  | 11,068 |  |  |  | 1,048,936 |  |  |  | 1,060,004 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | 28 |  |  |  | 497 |  |  |  | 521 |  |  |  | 1,046 |  |  |  | 127,738 |  |  |  | 128,784 |
Consumer |  |  | 365 |  |  |  | 103 |  |  |  | 171 |  |  |  | 639 |  |  |  | 37,966 |  |  |  | 38,605 |
Total other loans |  |  | 393 |  |  |  | 600 |  |  |  | 692 |  |  |  | 1,685 |  |  |  | 165,704 |  |  |  | 167,389 |
Total loans |  | $ | 7,708 |  |  | $ | 1,802 |  |  | $ | 3,243 |  |  | $ | 12,753 |  |  | $ | 1,214,640 |  |  | $ | 1,227,393 |
|  | December 31, 2016 |
(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 |  | $ | 651 |  |  | $ | — |  |  | $ | 563 |  |  | $ | 1,214 |  |  | $ | 175,430 |  |  | $ | 176,644 |
Home equity loans and lines |  |  | 37 |  |  |  | 29 |  |  |  | — |  |  |  | 66 |  |  |  | 47,799 |  |  |  | 47,865 |
Commercial real estate |  |  | 475 |  |  |  | — |  |  |  | 587 |  |  |  | 1,062 |  |  |  | 320,761 |  |  |  | 321,823 |
Construction and land |  |  | 467 |  |  |  | — |  |  |  | 12 |  |  |  | 479 |  |  |  | 138,476 |  |  |  | 138,955 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 26,941 |  |  |  | 26,941 |
Total real estate loans |  |  | 1,630 |  |  |  | 29 |  |  |  | 1,162 |  |  |  | 2,821 |  |  |  | 709,407 |  |  |  | 712,228 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | 656 |  |  |  | 706 |  |  |  | 650 |  |  |  | 2,012 |  |  |  | 129,623 |  |  |  | 131,635 |
Consumer |  |  | 531 |  |  |  | 97 |  |  |  | 192 |  |  |  | 820 |  |  |  | 40,007 |  |  |  | 40,827 |
Total other loans |  |  | 1,187 |  |  |  | 803 |  |  |  | 842 |  |  |  | 2,832 |  |  |  | 169,630 |  |  |  | 172,462 |
Total originated loans |  | $ | 2,817 |  |  | $ | 832 |  |  | $ | 2,004 |  |  | $ | 5,653 |  |  | $ | 879,037 |  |  | $ | 884,690 |
Acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 1,471 |  |  | $ | 969 |  |  | $ | 2,025 |  |  | $ | 4,465 |  |  | $ | 160,774 |  |  | $ | 165,239 |
Home equity loans and lines |  |  | 136 |  |  |  | 27 |  |  |  | 38 |  |  |  | 201 |  |  |  | 40,755 |  |  |  | 40,956 |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | 1,164 |  |  |  | 1,164 |  |  |  | 104,528 |  |  |  | 105,692 |
Construction and land |  |  | 21 |  |  |  | — |  |  |  | 30 |  |  |  | 51 |  |  |  | 2,161 |  |  |  | 2,212 |
Multi-family residential |  |  | 19 |  |  |  | — |  |  |  | — |  |  |  | 19 |  |  |  | 19,409 |  |  |  | 19,428 |
Total real estate loans |  |  | 1,647 |  |  |  | 996 |  |  |  | 3,257 |  |  |  | 5,900 |  |  |  | 327,627 |  |  |  | 333,527 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8,175 |  |  |  | 8,175 |
Consumer |  |  | 2 |  |  |  | 8 |  |  |  | 2 |  |  |  | 12 |  |  |  | 1,429 |  |  |  | 1,441 |
Total other loans |  |  | 2 |  |  |  | 8 |  |  |  | 2 |  |  |  | 12 |  |  |  | 9,604 |  |  |  | 9,616 |
Total acquired loans |  | $ | 1,649 |  |  | $ | 1,004 |  |  | $ | 3,259 |  |  | $ | 5,912 |  |  | $ | 337,231 |  |  | $ | 343,143 |
Total loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 2,122 |  |  | $ | 969 |  |  | $ | 2,588 |  |  | $ | 5,679 |  |  | $ | 336,204 |  |  | $ | 341,883 |
Home equity loans and lines |  |  | 173 |  |  |  | 56 |  |  |  | 38 |  |  |  | 267 |  |  |  | 88,554 |  |  |  | 88,821 |
Commercial real estate |  |  | 475 |  |  |  | — |  |  |  | 1,751 |  |  |  | 2,226 |  |  |  | 425,289 |  |  |  | 427,515 |
Construction and land |  |  | 488 |  |  |  | — |  |  |  | 42 |  |  |  | 530 |  |  |  | 140,637 |  |  |  | 141,167 |
Multi-family residential |  |  | 19 |  |  |  | — |  |  |  | — |  |  |  | 19 |  |  |  | 46,350 |  |  |  | 46,369 |
Total real estate loans |  |  | 3,277 |  |  |  | 1,025 |  |  |  | 4,419 |  |  |  | 8,721 |  |  |  | 1,037,034 |  |  |  | 1,045,755 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | 656 |  |  |  | 706 |  |  |  | 650 |  |  |  | 2,012 |  |  |  | 137,798 |  |  |  | 139,810 |
Consumer |  |  | 533 |  |  |  | 105 |  |  |  | 194 |  |  |  | 832 |  |  |  | 41,436 |  |  |  | 42,268 |
Total other loans |  |  | 1,189 |  |  |  | 811 |  |  |  | 844 |  |  |  | 2,844 |  |  |  | 179,234 |  |  |  | 182,078 |
Total loans |  | $ | 4,466 |  |  | $ | 1,836 |  |  | $ | 5,263 |  |  | $ | 11,565 |  |  | $ | 1,216,268 |  |  | $ | 1,227,833 |
Excluding Acquired Loans with deteriorated credit quality, the Company did not have any loans greater than 90 days past due and accruing as of September 30, 2017 or December 31, 2016. The following table summarizes the accretable yield on loans accounted for under ASC 310-30 as of the dates indicated.
|  | For the Nine Months Ended |
(dollars in thousands) |  | September 30, 2017 |  |  | September 30, 2016 |
Balance at beginning of period |  | $ | (11,091 | ) |  | $ | (16,792 | )
Accretion |  |  | 2,495 |  |  |  | 5,155 |
Transfers from nonaccretable difference to accretable yield |  |  | (1,208 | ) |  |  | (879 | )
Balance at end of period |  | $ | (9,804 | ) |  | $ | (12,516 | )
The following table summarizes information pertaining to Originated Loans, which were deemed impaired loans as of the dates indicated.
|  | As of September 30, 2017 |
(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 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Home equity loans and lines |  |  | 473 |  |  |  | 476 |  |  |  | — |  |  |  | 370 |  |  |  | 18 |
Commercial real estate |  |  | 23 |  |  |  | 33 |  |  |  | — |  |  |  | 18 |  |  |  | 1 |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | 2,952 |  |  |  | 3,131 |  |  |  | — |  |  |  | 3,209 |  |  |  | 133 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 3,448 |  |  | $ | 3,640 |  |  | $ | — |  |  | $ | 3,597 |  |  | $ | 152 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 55 |  |  | $ | — |
Home equity loans and lines |  |  | 459 |  |  |  | 460 |  |  |  | 348 |  |  |  | 358 |  |  |  | 17 |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 395 |  |  |  | — |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | 1,988 |  |  |  | 2,102 |  |  |  | 865 |  |  |  | 1,985 |  |  |  | 80 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 2,447 |  |  | $ | 2,562 |  |  | $ | 1,213 |  |  | $ | 2,793 |  |  | $ | 97 |
Total impaired Originated Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 55 |  |  | $ | — |
Home equity loans and lines |  |  | 932 |  |  |  | 936 |  |  |  | 348 |  |  |  | 728 |  |  |  | 35 |
Commercial real estate |  |  | 23 |  |  |  | 33 |  |  |  | — |  |  |  | 413 |  |  |  | 1 |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | 4,940 |  |  |  | 5,233 |  |  |  | 865 |  |  |  | 5,194 |  |  |  | 213 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 5,895 |  |  | $ | 6,202 |  |  | $ | 1,213 |  |  | $ | 6,390 |  |  | $ | 249 |
|  | As of December 31, 2016 |
(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 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | 3,144 |  |  |  | 3,178 |  |  |  | — |  |  |  | 262 |  |  |  | 166 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 3,144 |  |  | $ | 3,178 |  |  | $ | — |  |  | $ | 262 |  |  | $ | 166 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 252 |  |  | $ | 260 |  |  | $ | 39 |  |  | $ | 93 |  |  | $ | 13 |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | 462 |  |  |  | 483 |  |  |  | 19 |  |  |  | 423 |  |  |  | 14 |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | 1,700 |  |  |  | 1,737 |  |  |  | 737 |  |  |  | 1,635 |  |  |  | 87 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 2,414 |  |  | $ | 2,480 |  |  | $ | 795 |  |  | $ | 2,151 |  |  | $ | 114 |
Total impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 252 |  |  | $ | 260 |  |  | $ | 39 |  |  | $ | 93 |  |  | $ | 13 |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | 462 |  |  |  | 483 |  |  |  | 19 |  |  |  | 423 |  |  |  | 14 |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | 4,844 |  |  |  | 4,915 |  |  |  | 737 |  |  |  | 1,897 |  |  |  | 253 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 5,558 |  |  | $ | 5,658 |  |  | $ | 795 |  |  | $ | 2,413 |  |  | $ | 280 |
|  | As of September 30, 2016 |
(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 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 75 |  |  | $ | 81 |  |  | $ | 28 |  |  | $ | 79 |  |  | $ | 4 |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | 619 |  |  |  | 650 |  |  |  | 64 |  |  |  | 375 |  |  |  | 17 |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | 3,554 |  |  |  | 3,593 |  |  |  | 547 |  |  |  | 1,290 |  |  |  | 149 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 4,248 |  |  | $ | 4,324 |  |  | $ | 639 |  |  | $ | 1,744 |  |  | $ | 170 |
Total impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 75 |  |  | $ | 81 |  |  | $ | 28 |  |  | $ | 79 |  |  | $ | 4 |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  | 619 |  |  |  | 650 |  |  |  | 64 |  |  |  | 375 |  |  |  | 17 |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | 3,554 |  |  |  | 3,593 |  |  |  | 547 |  |  |  | 1,290 |  |  |  | 149 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 4,248 |  |  | $ | 4,324 |  |  | $ | 639 |  |  | $ | 1,744 |  |  | $ | 170 |
The following table summarizes information pertaining to nonaccrual loans as of dates indicated.
|  | September 30, 2017 |  |  | December 31, 2016 |
(dollars in thousands) |  | Originated |  |  | Acquired(1) |  |  | Total |  |  | Originated |  |  | Acquired(1) |  |  | Total |
Nonaccrual loans(2): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 1,425 |  |  | $ | 877 |  |  | $ | 2,302 |  |  | $ | 891 |  |  | $ | 833 |  |  | $ | 1,724 |
Home equity loans and lines |  |  | 1,823 |  |  |  | 100 |  |  |  | 1,923 |  |  |  | 998 |  |  |  | 90 |  |  |  | 1,088 |
Commercial real estate |  |  | 3,255 |  |  |  | — |  |  |  | 3,255 |  |  |  | 1,799 |  |  |  | 164 |  |  |  | 1,963 |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 12 |  |  |  | 63 |  |  |  | 75 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | 9,657 |  |  |  | 243 |  |  |  | 9,900 |  |  |  | 8,230 |  |  |  | 312 |  |  |  | 8,542 |
Consumer |  |  | 321 |  |  |  | — |  |  |  | 321 |  |  |  | 360 |  |  |  | 1 |  |  |  | 361 |
Total |  | $ | 16,481 |  |  | $ | 1,220 |  |  | $ | 17,701 |  |  | $ | 12,290 |  |  | $ | 1,463 |  |  | $ | 13,753 |
(1) | Table excludes acquired loans which were being accounted for under ASC 310-30 because they continue to earn interest from accretable yield regardless of their status as past due or otherwise not in compliance with their contractual terms. Acquired loans with deteriorated credit quality, which were being accounted for under ASC 310-30 and which were 90 days or more past due, totaled $1.5 million and $2.7 million as of September 30, 2017 and December 31, 2016, respectively.
(2) | Nonaccrual loans include loans restructured and placed on nonaccrual status. Originated restructured nonaccrual loans totaled $8.9 million and $10.0 million at September 30, 2017 and December 31, 2016, respectively. Acquired restructured nonaccrual loans totaled $457,000 and $435,000 at September 30, 2017 and December 31, 2016, respectively.
As of September 30, 2017, the Company had no outstanding commitments to lend additional funds to any customer whose loan was classified as impaired. 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. 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 either is granted through an agreement with the customer or is imposed by a court or by 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 September 30, 2017 |
(dollars in thousands) |  | Current |  |  | Past Due Greater Than 30 Days and Accruing |  |  | Nonaccrual TDRs |  |  | Total TDRs |
Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 300 |  |  | $ | 67 |  |  | $ | 487 |  |  | $ | 854 |
Home equity loans and lines |  |  | 312 |  |  |  | 44 |  |  |  | 836 |  |  |  | 1,192 |
Commercial real estate |  |  | — |  |  |  | 99 |  |  |  | 1,505 |  |  |  | 1,604 |
Construction and land |  |  | 177 |  |  |  | — |  |  |  | — |  |  |  | 177 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total real estate loans |  |  | 789 |  |  |  | 210 |  |  |  | 2,828 |  |  |  | 3,827 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | 5,917 |  |  |  | 5,917 |
Consumer |  |  | — |  |  |  | — |  |  |  | 192 |  |  |  | 192 |
Total other loans |  |  | — |  |  |  | — |  |  |  | 6,109 |  |  |  | 6,109 |
Total originated loans |  | $ | 789 |  |  | $ | 210 |  |  | $ | 8,937 |  |  | $ | 9,936 |
Acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 218 |  |  | $ | 4 |  |  | $ | 120 |  |  | $ | 342 |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | 94 |  |  |  | 94 |
Commercial real estate |  |  | 1,139 |  |  |  | — |  |  |  | — |  |  |  | 1,139 |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total real estate loans |  |  | 1,357 |  |  |  | 4 |  |  |  | 214 |  |  |  | 1,575 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | 1,567 |  |  |  | — |  |  |  | 243 |  |  |  | 1,810 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total other loans |  |  | 1,567 |  |  |  | — |  |  |  | 243 |  |  |  | 1,810 |
Total acquired loans |  | $ | 2,924 |  |  | $ | 4 |  |  | $ | 457 |  |  | $ | 3,385 |
Total loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 518 |  |  | $ | 71 |  |  | $ | 607 |  |  |  | 1,196 |
Home equity loans and lines |  |  | 312 |  |  |  | 44 |  |  |  | 930 |  |  |  | 1,286 |
Commercial real estate |  |  | 1,139 |  |  |  | 99 |  |  |  | 1,505 |  |  |  | 2,743 |
Construction and land |  |  | 177 |  |  |  | — |  |  |  | — |  |  |  | 177 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total real estate loans |  |  | 2,146 |  |  |  | 214 |  |  |  | 3,042 |  |  |  | 5,402 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | 1,567 |  |  |  | — |  |  |  | 6,160 |  |  |  | 7,727 |
Consumer |  |  | — |  |  |  | — |  |  |  | 192 |  |  |  | 192 |
Total other loans |  |  | 1,567 |  |  |  | — |  |  |  | 6,352 |  |  |  | 7,919 |
Total loans |  | $ | 3,713 |  |  | $ | 214 |  |  | $ | 9,394 |  |  | $ | 13,321 |
|  | As of December 31, 2016 |
(dollars in thousands) |  | Current |  |  | Past Due Greater Than 30 Days and Accruing |  |  | Nonaccrual TDRs |  |  | Total TDRs |
Originated loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 276 |  |  | $ | — |  |  | $ | 327 |  |  | $ | 603 |
Home equity loans and lines |  |  | 331 |  |  |  | — |  |  |  | 988 |  |  |  | 1,319 |
Commercial real estate |  |  | 102 |  |  |  | — |  |  |  | 1,717 |  |  |  | 1,819 |
Construction and land |  |  | 562 |  |  |  | — |  |  |  | — |  |  |  | 562 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total real estate loans |  |  | 1,271 |  |  |  | — |  |  |  | 3,032 |  |  |  | 4,303 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | 6,775 |  |  |  | 6,775 |
Consumer |  |  | — |  |  |  | — |  |  |  | 168 |  |  |  | 168 |
Total other loans |  |  | — |  |  |  | — |  |  |  | 6,943 |  |  |  | 6,943 |
Total originated loans |  | $ | 1,271 |  |  | $ | — |  |  | $ | 9,975 |  |  | $ | 11,246 |
Acquired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 292 |  |  | $ | 86 |  |  | $ | 60 |  |  | $ | 438 |
Home equity loans and lines |  |  | — |  |  |  | — |  |  |  | 62 |  |  |  | 62 |
Commercial real estate |  |  | 288 |  |  |  | 860 |  |  |  | — |  |  |  | 1,148 |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total real estate loans |  |  | 580 |  |  |  | 946 |  |  |  | 122 |  |  |  | 1,648 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | 1,853 |  |  |  | — |  |  |  | 313 |  |  |  | 2,166 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total other loans |  |  | 1,853 |  |  |  | — |  |  |  | 313 |  |  |  | 2,166 |
Total acquired loans |  | $ | 2,433 |  |  | $ | 946 |  |  | $ | 435 |  |  | $ | 3,814 |
Total loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family first mortgage |  | $ | 568 |  |  | $ | 86 |  |  | $ | 387 |  |  | $ | 1,041 |
Home equity loans and lines |  |  | 331 |  |  |  | — |  |  |  | 1,050 |  |  |  | 1,381 |
Commercial real estate |  |  | 390 |  |  |  | 860 |  |  |  | 1,717 |  |  |  | 2,967 |
Construction and land |  |  | 562 |  |  |  | — |  |  |  | — |  |  |  | 562 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total real estate loans |  |  | 1,851 |  |  |  | 946 |  |  |  | 3,154 |  |  |  | 5,951 |
Other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | 1,853 |  |  |  | — |  |  |  | 7,088 |  |  |  | 8,941 |
Consumer |  |  | — |  |  |  | — |  |  |  | 168 |  |  |  | 168 |
Total other loans |  |  | 1,853 |  |  |  | — |  |  |  | 7,256 |  |  |  | 9,109 |
Total loans |  | $ | 3,704 |  |  | $ | 946 |  |  | $ | 10,410 |  |  | $ | 15,060 |
The following table summarizes information pertaining to loans modified as of the periods indicated.
|  | For the Nine Months Ended |
|  | September 30, 2017 |  |  | September 30, 2016 |
(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 |  |  | $ | 268 |  |  | $ | 263 |  |  |  | 7 |  |  | $ | 1,098 |  |  | $ | 648 |
Home equity loans and lines |  |  | 2 |  |  |  | 38 |  |  |  | 37 |  |  |  | 3 |  |  |  | 939 |  |  |  | 930 |
Commercial real estate |  |  | 1 |  |  |  | 431 |  |  |  | 431 |  |  |  | 4 |  |  |  | 1,006 |  |  |  | 893 |
Construction and land |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 351 |  |  |  | 211 |
Multi-family residential |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | 1 |  |  |  | 1,439 |  |  |  | 1,146 |  |  |  | 16 |  |  |  | 3,717 |  |  |  | 3,698 |
Other consumer |  |  | 2 |  |  |  | 60 |  |  |  | 57 |  |  |  | 1 |  |  |  | 51 |  |  |  | 40 |
Total |  |  | 11 |  |  | $ | 2,236 |  |  | $ | 1,934 |  |  |  | 32 |  |  | $ | 7,162 |  |  | $ | 6,420 |
None of the performing troubled debt restructurings as of September 30, 2017 had defaulted subsequent to the restructuring through the date the financial statements were available to be issued.

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 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5066-111524 Reference 2: 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(4)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(6)) -URI http://asc.fasb.org/extlink&oid=6488278&loc=d3e603758-122996 Reference 4: 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)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: 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=84173941&loc=d3e5162-111524 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(5)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 8: 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=84173941&loc=d3e5074-111524 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration