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Loans Receivable And Allowance For Loan Losses (Tables) | 3 Months Ended
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Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] |
Schedule of Loans receivable and Loans held for sale | Loans receivable and loans held for sale consisted of the following at December 31, 2013 and September 30, 2013 (dollars in thousands):
| December 31, 2013 |  | September 30, 2013
| Amount |  | Percent |  | Amount |  | Percent
Mortgage loans: |  |  |  |  |  |  |
One- to four-family (1) | $ | 100,869 |  |  | 17.1 | % |  | $ | 104,298 |  |  | 18.0 | %
Multi-family | 48,212 |  |  | 8.2 |  |  | 51,108 |  |  | 8.8 |
Commercial | 299,644 |  |  | 50.8 |  |  | 291,297 |  |  | 50.3 |
Construction and land development | 53,694 |  |  | 9.1 |  |  | 45,136 |  |  | 7.8 |
Land | 31,464 |  |  | 5.3 |  |  | 31,144 |  |  | 5.4 |
Total mortgage loans | 533,883 |  |  | 90.5 |  |  | 522,983 |  |  | 90.3 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 32,201 |  |  | 5.5 |  |  | 33,014 |  |  | 5.7 |
Other | 5,963 |  |  | 1.0 |  |  | 5,981 |  |  | 1.0 |
Total consumer loans | 38,164 |  |  | 6.5 |  |  | 38,995 |  |  | 6.7 |
Commercial business loans | 17,732 |  |  | 3.0 |  |  | 17,499 |  |  | 3.0 |
Total loans receivable | 589,779 |  |  | 100.0 | % |  | 579,477 |  |  | 100.0 | %
Less: |  |  |  |  |  |  |  |  |  |  |
Undisbursed portion of construction loans in process | (21,362 | ) |  |  |  |  | (18,527 | ) |  |  |
Deferred loan origination fees | (1,768 | ) |  |  |  |  | (1,710 | ) |  |  |
Allowance for loan losses | (10,745 | ) |  |  |  |  | (11,136 | ) |  |  |
Total loans receivable, net | $ | 555,904 |  |  |  |  |  | $ | 548,104 |  |  |  |
________________________ (1) Includes loans held for sale.
Schedule of Composition of Construction and Land Development Loan Portfolio | The following table sets forth the composition of the Company’s construction and land development loan portfolio at December 31, 2013 and September 30, 2013 (dollars in thousands):
| December 31, 2013 |  | September 30, 2013
| Amount |  | Percent |  | Amount |  | Percent
Custom and owner/builder | $ | 46,789 |  |  | 87.1 | % |  | $ | 40,811 |  |  | 90.4 | %
Speculative one- to four-family | 2,104 |  |  | 3.9 |  |  | 1,428 |  |  | 3.2 |
Commercial real estate | 4,467 |  |  | 8.3 |  |  | 2,239 |  |  | 5.0 |
Multi-family (including condominiums) | 143 |  |  | 0.3 |  |  | 143 |  |  | 0.3 |
Land development | 190 |  |  | 0.4 |  |  | 515 |  |  | 1.1 |
Total construction and land development loans | $ | 53,693 |  |  | 100.0 | % |  | $ | 45,136 |  |  | 100.0 | %
Schedule of Allowance for Loan Losses | The following tables set forth information for the three months ended December 31, 2013 and 2012 regarding activity in the allowance for loan losses (dollars in thousands):
| Three Months Ended December 31, 2013
| Beginning Allowance |  | Provision /(Credit) |  | Charge- offs |  | Recoveries |  | Ending Allowance
Mortgage loans: |  |  |  |  |  |  |  |  |
One-to four-family | $ | 1,449 |  |  | $ | 214 |  |  | $ | 350 |  |  | $ | 8 |  |  | $ | 1,321 |
Multi-family | 749 |  |  | (198 | ) |  | — |  |  | — |  |  | 551 |
Commercial | 5,275 |  |  | 130 |  |  | 295 |  |  | 3 |  |  | 5,113 |
Construction – custom and owner/builder | 262 |  |  | 70 |  |  | — |  |  | — |  |  | 332 |
Construction – speculative one- to four-family | 96 |  |  | 22 |  |  | — |  |  | — |  |  | 118 |
Construction – commercial | 56 |  |  | 24 |  |  | — |  |  | — |  |  | 80 |
Construction – multi-family | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction – land development | — |  |  | (69 | ) |  | — |  |  | 69 |  |  | — |
Land | 1,940 |  |  | (282 | ) |  | 93 |  |  | 300 |  |  | 1,865 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 782 |  |  | 55 |  |  | 28 |  |  | — |  |  | 809 |
Other | 200 |  |  | 8 |  |  | — |  |  | — |  |  | 208 |
Commercial business loans | 327 |  |  | 26 |  |  | 14 |  |  | 9 |  |  | 348 |
Total | $ | 11,136 |  |  | $ | — |  |  | $ | 780 |  |  | $ | 389 |  |  | $ | 10,745 |
| Three Months Ended December 31, 2012
| Beginning Allowance |  | Provision /(Credit) |  | Charge- offs |  | Recoveries |  | Ending Allowance
Mortgage loans: |  |  |  |  |  |  |  |  |
One-to four-family | $ | 1,558 |  |  | $ | 533 |  |  | $ | 263 |  |  | $ | 1 |  |  | $ | 1,829 |
Multi-family | 1,156 |  |  | (212) |  |  | — |  |  | 1 |  |  | 945
Commercial | 4,247 |  |  | 216 |  |  | — |  |  | — |  |  | 4,463
Construction – custom and owner/builder | 386 |  |  | (92) |  |  | — |  |  | — |  |  | 294
Construction – speculative one- to four-family | 128 |  |  | 4 |  |  | — |  |  | — |  |  | 132
Construction – commercial | 429 |  |  | (58) |  |  | — |  |  | — |  |  | 371
Construction – multi-family | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction – land development | — |  |  | (120) |  |  | 6 |  |  | 146 |  |  | 20 |
Land | 2,392 |  |  | 101 |  |  | 209 |  |  | 1 |  |  | 2,285
Consumer loans: |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 759 |  |  | (19) |  |  | 18 |  |  | — |  |  | 722
Other | 254 |  |  | (5) |  |  | — |  |  | — |  |  | 249
Commercial business loans | 516 |  |  | (148) |  |  | — |  |  | 91 |  |  | 459
Total | $ | 11,825 |  |  | $ | 200 |  |  | $ | 496 |  |  | $ | 240 |  |  | $ | 11,769 |
Schedule of loans evaluated individually for impairment and collectively evaluated for impairment in the allowance for loan losses | The following table presents information on the loans evaluated individually for impairment and collectively evaluated for impairment in the allowance for loan losses at December 31, 2013 and September 30, 2013 (dollars in thousands):
| Allowance for Loan Losses |  | Recorded Investment in Loans
| Individually Evaluated for Impairment |  | Collectively Evaluated for Impairment |  | Total |  | Individually Evaluated for Impairment |  | Collectively Evaluated for Impairment |  | Total
December 31, 2013 |  |  |  |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |  |  |  |
One- to four-family | $ | 440 |  |  | $ | 881 |  |  | $ | 1,321 |  |  | $ | 8,173 |  |  | $ | 92,696 |  |  | $ | 100,869 |
Multi-family | 131 |  |  | 420 |  |  | 551 |  |  | 4,934 |  |  | 43,278 |  |  | 48,212 |
Commercial | 1,515 |  |  | 3,598 |  |  | 5,113 |  |  | 18,012 |  |  | 281,632 |  |  | 299,644 |
Construction – custom and owner/builder | — |  |  | 332 |  |  | 332 |  |  | — |  |  | 27,357 |  |  | 27,357 |
Construction – speculative one- to four-family | 84 |  |  | 34 |  |  | 118 |  |  | 686 |  |  | 906 |  |  | 1,592 |
Construction – commercial | — |  |  | 80 |  |  | 80 |  |  | — |  |  | 3,050 |  |  | 3,050 |
Construction – multi-family | — |  |  | — |  |  | — |  |  | 143 |  |  | — |  |  | 143 |
Construction – land development | — |  |  | — |  |  | — |  |  | 190 |  |  | — |  |  | 190 |
Land | 368 |  |  | 1,497 |  |  | 1,865 |  |  | 5,614 |  |  | 25,850 |  |  | 31,464 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 55 |  |  | 754 |  |  | 809 |  |  | 525 |  |  | 31,676 |  |  | 32,201 |
Other | — |  |  | 208 |  |  | 208 |  |  | 5 |  |  | 5,958 |  |  | 5,963 |
Commercial business loans | — |  |  | 348 |  |  | 348 |  |  | 5 |  |  | 17,727 |  |  | 17,732 |
Total | $ | 2,593 |  |  | $ | 8,152 |  |  | $ | 10,745 |  |  | $ | 38,287 |  |  | $ | 530,130 |  |  | $ | 568,417 |
September 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family | $ | 600 |  |  | $ | 849 |  |  | $ | 1,449 |  |  | $ | 8,984 |  |  | $ | 95,314 |  |  | $ | 104,298 |
Multi-family | 334 |  |  | 415 |  |  | 749 |  |  | 5,184 |  |  | 45,924 |  |  | 51,108 |
Commercial | 1,763 |  |  | 3,512 |  |  | 5,275 |  |  | 19,510 |  |  | 271,787 |  |  | 291,297 |
Construction – custom and owner/builder | — |  |  | 262 |  |  | 262 |  |  | — |  |  | 22,788 |  |  | 22,788 |
Construction – speculative one- to four-family | 88 |  |  | 8 |  |  | 96 |  |  | 687 |  |  | 236 |  |  | 923 |
Construction – commercial | — |  |  | 56 |  |  | 56 |  |  | — |  |  | 2,239 |  |  | 2,239 |
Construction – multi-family | — |  |  | — |  |  | — |  |  | 143 |  |  | 1 |  |  | 144 |
Construction – land development | — |  |  | — |  |  | — |  |  | 515 |  |  | — |  |  | 515 |
Land | 234 |  |  | 1,706 |  |  | 1,940 |  |  | 2,391 |  |  | 28,753 |  |  | 31,144 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 57 |  |  | 725 |  |  | 782 |  |  | 679 |  |  | 32,335 |  |  | 33,014 |
Other | — |  |  | 200 |  |  | 200 |  |  | 6 |  |  | 5,975 |  |  | 5,981 |
Commercial business loans | — |  |  | 327 |  |  | 327 |  |  | — |  |  | 17,499 |  |  | 17,499 |
Total | $ | 3,076 |  |  | $ | 8,060 |  |  | $ | 11,136 |  |  | $ | 38,099 |  |  | $ | 522,851 |  |  | $ | 560,950 |
Financing Receivable Credit Quality Indicators | The following table lists the loan credit risk grades utilized by the Company that serve as credit quality indicators at December 31, 2013 and September 30, 2013 (dollars in thousands):
December 31, 2013 | Loan Grades |  |
| Pass |  | Watch |  | Special Mention |  | Substandard |  | Total
Mortgage loans: |  |  |  |  |  |  |  |  |
One- to four-family | $ | 90,870 |  |  | $ | 735 |  |  | $ | 2,015 |  |  | $ | 7,249 |  |  | $ | 100,869 |
Multi-family | 39,365 |  |  | — |  |  | 8,073 |  |  | 774 |  |  | 48,212 |
Commercial | 272,616 |  |  | 3,072 |  |  | 16,459 |  |  | 7,497 |  |  | 299,644 |
Construction – custom and owner/builder | 27,357 |  |  | — |  |  | — |  |  | — |  |  | 27,357 |
Construction – speculative one- to four-family | 906 |  |  | 686 |  |  | — |  |  | — |  |  | 1,592 |
Construction – commercial | 3,050 |  |  | — |  |  | — |  |  | — |  |  | 3,050 |
Construction – multi-family | — |  |  | — |  |  | — |  |  | 143 |  |  | 143 |
Construction – land development | — |  |  | — |  |  | — |  |  | 190 |  |  | 190 |
Land | 22,404 |  |  | 160 |  |  | 2,516 |  |  | 6,384 |  |  | 31,464 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 30,241 |  |  | 846 |  |  | 203 |  |  | 911 |  |  | 32,201 |
Other | 5,919 |  |  | 39 |  |  | — |  |  | 5 |  |  | 5,963 |
Commercial business loans | 17,564 |  |  | 62 |  |  | 101 |  |  | 5 |  |  | 17,732 |
Total | $ | 510,292 |  |  | $ | 5,600 |  |  | $ | 29,367 |  |  | $ | 23,158 |  |  | $ | 568,417 |
September 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family | $ | 91,291 |  |  | $ | 4,032 |  |  | $ | 769 |  |  | $ | 8,206 |  |  | $ | 104,298 |
Multi-family | 41,863 |  |  | 132 |  |  | 8,337 |  |  | 776 |  |  | 51,108 |
Commercial | 262,502 |  |  | 3,309 |  |  | 12,522 |  |  | 12,964 |  |  | 291,297 |
Construction – custom and owner/builder | 22,788 |  |  | — |  |  | — |  |  | — |  |  | 22,788 |
Construction – speculative one- to four-family | 236 |  |  | 687 |  |  | — |  |  | — |  |  | 923 |
Construction – commercial | 2,239 |  |  | — |  |  | — |  |  | — |  |  | 2,239 |
Construction – multi-family | — |  |  | — |  |  | — |  |  | 144 |  |  | 144 |
Construction – land development | — |  |  | — |  |  | — |  |  | 515 |  |  | 515 |
Land | 20,627 |  |  | 5,101 |  |  | 1,129 |  |  | 4,287 |  |  | 31,144 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 31,096 |  |  | 782 |  |  | 55 |  |  | 1,081 |  |  | 33,014 |
Other | 5,937 |  |  | 39 |  |  | — |  |  | 5 |  |  | 5,981 |
Commercial business loans | 17,029 |  |  | 366 |  |  | 104 |  |  | — |  |  | 17,499 |
Total | $ | 495,608 |  |  | $ | 14,448 |  |  | $ | 22,916 |  |  | $ | 27,978 |  |  | $ | 560,950 |
Past Due Status of Loans Receivable | The following tables present an age analysis of past due status of loans by category at December 31, 2013 and September 30, 2013 (dollars in thousands):
| 30–59 Days Past Due |  | 60-89 Days Past Due |  | Non- Accrual |  | Past Due 90 Days or More and Still Accruing |  | Total Past Due |  | Current |  | Total Loans
December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family | $ | — |  |  | $ | 645 |  |  | $ | 6,184 |  |  | $ | — |  |  | $ | 6,829 |  |  | $ | 94,040 |  |  | $ | 100,869 |
Multi-family | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 48,212 |  |  | 48,212 |
Commercial | 169 |  |  | — |  |  | 2,017 |  |  | — |  |  | 2,186 |  |  | 297,458 |  |  | 299,644 |
Construction – custom and owner/builder | — |  |  | 600 |  |  | — |  |  | — |  |  | 600 |  |  | 26,757 |  |  | 27,357 |
Construction – speculative one- to four- family | — |  |  | 686 |  |  | — |  |  | — |  |  | 686 |  |  | 906 |  |  | 1,592 |
Construction – commercial | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,050 |  |  | 3,050 |
Construction – multi-family | — |  |  | — |  |  | 143 |  |  | — |  |  | 143 |  |  | — |  |  | 143 |
Construction – land development | — |  |  | — |  |  | 190 |  |  | — |  |  | 190 |  |  | — |  |  | 190 |
Land | 166 |  |  | 849 |  |  | 5,371 |  |  | — |  |  | 6,386 |  |  | 25,078 |  |  | 31,464 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | — |  |  | 23 |  |  | 226 |  |  | 153 |  |  | 402 |  |  | 31,799 |  |  | 32,201 |
Other | 52 |  |  | 54 |  |  | 5 |  |  | — |  |  | 111 |  |  | 5,852 |  |  | 5,963 |
Commercial business loans | 83 |  |  | 172 |  |  | 5 |  |  | — |  |  | 260 |  |  | 17,472 |  |  | 17,732 |
Total | $ | 470 |  |  | $ | 3,029 |  |  | $ | 14,141 |  |  | $ | 153 |  |  | $ | 17,793 |  |  | $ | 550,624 |  |  | $ | 568,417 |
September 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family | $ | 14 |  |  | $ | 1,218 |  |  | $ | 6,985 |  |  | $ | — |  |  | $ | 8,217 |  |  | $ | 96,081 |  |  | $ | 104,298 |
Multi-family | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 51,108 |  |  | 51,108 |
Commercial | — |  |  | 2,537 |  |  | 3,435 |  |  | — |  |  | 5,972 |  |  | 285,325 |  |  | 291,297 |
Construction – custom and owner/ builder | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 22,788 |  |  | 22,788 |
Construction – speculative one- to four- family | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 923 |  |  | 923 |
Construction – commercial | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,239 |  |  | 2,239 |
Construction – multi-family | — |  |  | — |  |  | 144 |  |  | — |  |  | 144 |  |  | — |  |  | 144 |
Construction – land development | — |  |  | — |  |  | 515 |  |  | — |  |  | 515 |  |  | — |  |  | 515 |
Land | — |  |  | — |  |  | 2,146 |  |  | 284 |  |  | 2,430 |  |  | 28,714 |  |  | 31,144 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 101 |  |  | 20 |  |  | 380 |  |  | 152 |  |  | 653 |  |  | 32,361 |  |  | 33,014 |
Other | 1 |  |  | 39 |  |  | 5 |  |  | — |  |  | 45 |  |  | 5,936 |  |  | 5,981 |
Commercial business loans | 83 |  |  | 15 |  |  | — |  |  | — |  |  | 98 |  |  | 17,401 |  |  | 17,499 |
Total | $ | 199 |  |  | $ | 3,829 |  |  | $ | 13,610 |  |  | $ | 436 |  |  | $ | 18,074 |  |  | $ | 542,876 |  |  | $ | 560,950 |
Impaired Loans Receivable | Following is a summary of information related to impaired loans as of December 31, 2013 and for the three months then ended (in thousands):
| Recorded Investment |  | Unpaid Principal Balance (Loan Balance Plus Charge Off) |  | Related Allowance |  | YTD Average Recorded Investment (1) |  | YTD Interest Income Recognized (1) |  | YTD Cash Basis Interest Income Recognized (1)
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |  |  |  |
One- to four-family | $ | 5,328 |  |  | $ | 5,983 |  |  | $ | — |  |  | $ | 3,424 |  |  | $ | — |  |  | $ | — |
Multi-family | — |  |  | 982 |  |  | — |  |  | 473 |  |  | — |  |  | — |
Commercial | 5,208 |  |  | 8,335 |  |  | — |  |  | 8,303 |  |  | 66 |  |  | 87 |
Construction – custom and owner/builder | — |  |  | — |  |  | — |  |  | 55 |  |  | — |  |  | — |
Construction – speculative one- to four-family | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction – multi-family | 143 |  |  | 608 |  |  | — |  |  | 253 |  |  | — |  |  | — |
Construction – land development | 190 |  |  | 2,060 |  |  | — |  |  | 454 |  |  | — |  |  | — |
Land | 948 |  |  | 1,600 |  |  | — |  |  | 2,511 |  |  | 2 |  |  | 3 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 226 |  |  | 430 |  |  | — |  |  | 259 |  |  | — |  |  | — |
Other | 5 |  |  | 5 |  |  | — |  |  | 8 |  |  | — |  |  | — |
Commercial business loans | 5 |  |  | 44 |  |  | — |  |  | 1 |  |  | — |  |  | — |
Subtotal | 12,053 |  |  | 20,047 |  |  | — |  |  | 15,741 |  |  | 68 |  |  | 90 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family | 2,845 |  |  | 2,845 |  |  | 440 |  |  | 4,211 |  |  | 21 |  |  | 28 |
Multi-family | 4,934 |  |  | 4,934 |  |  | 131 |  |  | 5,571 |  |  | 52 |  |  | 69 |
Commercial | 12,804 |  |  | 12,804 |  |  | 1,515 |  |  | 9,693 |  |  | 135 |  |  | 164 |
Construction – custom and owner/builder | — |  |  | — |  |  | — |  |  | 40 |  |  | — |  |  | — |
Construction – speculative one- to four-family | 686 |  |  | 686 |  |  | 84 |  |  | 692 |  |  | 7 |  |  | 11 |
Construction – multi-family | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction - land development | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land | 4,666 |  |  | 4,677 |  |  | 368 |  |  | 2,370 |  |  | 6 |  |  | 6 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 299 |  |  | 299 |  |  | 55 |  |  | 351 |  |  | 3 |  |  | 4 |
Other | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial business loans | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal | 26,234 |  |  | 26,245 |  |  | 2,593 |  |  | 22,928 |  |  | 224 |  |  | 282 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family | $ | 8,173 |  |  | $ | 8,828 |  |  | $ | 440 |  |  | $ | 7,635 |  |  | $ | 21 |  |  | $ | 28 |
Multi-family | 4,934 |  |  | 5,916 |  |  | 131 |  |  | 6,044 |  |  | 52 |  |  | 69 |
Commercial | 18,012 |  |  | 21,139 |  |  | 1,515 |  |  | 17,996 |  |  | 201 |  |  | 251 |
Construction – custom and owner/builder | — |  |  | — |  |  | — |  |  | 95 |  |  | — |  |  | — |
Construction – speculative one- to four-family | 686 |  |  | 686 |  |  | 84 |  |  | 692 |  |  | 7 |  |  | 11 |
Construction – multi-family | 143 |  |  | 608 |  |  | — |  |  | 253 |  |  | — |  |  | — |
Construction – land development | 190 |  |  | 2,060 |  |  | — |  |  | 454 |  |  | — |  |  | — |
Land | 5,614 |  |  | 6,277 |  |  | 368 |  |  | 4,881 |  |  | 8 |  |  | 9 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  | — |
Home equity and second mortgage | 525 |  |  | 729 |  |  | 55 |  |  | 610 |  |  | 3 |  |  | 4 |
Other | 5 |  |  | 5 |  |  | — |  |  | 8 |  |  | — |  |  | — |
Commercial business loans | 5 |  |  | 44 |  |  | — |  |  | 1 |  |  | — |  |  | — |
Total | $ | 38,287 |  |  | $ | 46,292 |  |  | $ | 2,593 |  |  | $ | 38,669 |  |  | $ | 292 |  |  | $ | 372 |
________________________________________________
(1) | For the three months ended December 31, 2013
The following is a summary of information related to impaired loans as of and for the year ended September 30, 2013 (in thousands):
| Recorded Investment |  | Unpaid Principal Balance (Loan Balance Plus Charge Off) |  | Related Allowance |  | YTD Average Recorded Investment (1) |  | YTD Interest Income Recognized (1) |  | YTD Cash Basis Interest Income Recognized (1)
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |  |  |  |
One- to four-family | $ | 5,342 |  |  | $ | 5,775 |  |  | $ | — |  |  | $ | 2,661 |  |  | $ | 18 |  |  | $ | 13 |
Multi-family | — |  |  | 982 |  |  | — |  |  | 473 |  |  | 3 |  |  | 3 |
Commercial | 4,879 |  |  | 8,005 |  |  | — |  |  | 8,781 |  |  | 322 |  |  | 267 |
Construction – custom and owner/builder | — |  |  | — |  |  | — |  |  | 97 |  |  | — |  |  | — |
Construction – speculative one- to four-family | — |  |  | — |  |  | — |  |  | 65 |  |  | — |  |  | — |
Construction – multi-family | 143 |  |  | 608 |  |  | — |  |  | 293 |  |  | — |  |  | — |
Construction – land development | 515 |  |  | 3,279 |  |  | — |  |  | 534 |  |  | — |  |  | — |
Land | 1,188 |  |  | 2,133 |  |  | — |  |  | 3,519 |  |  | 9 |  |  | 8 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 380 |  |  | 556 |  |  | — |  |  | 266 |  |  | — |  |  | — |
Other | 6 |  |  | 6 |  |  | — |  |  | 8 |  |  | — |  |  | — |
Commercial business loans | — |  |  | 33 |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal | 12,453 |  |  | 21,377 |  |  | — |  |  | 16,697 |  |  | 352 |  |  | 291 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family | 3,642 |  |  | 3,726 |  |  | 600 |  |  | 4,397 |  |  | 91 |  |  | 68 |
Multi-family | 5,184 |  |  | 5,184 |  |  | 334 |  |  | 5,960 |  |  | 301 |  |  | 230 |
Commercial | 14,631 |  |  | 15,297 |  |  | 1,763 |  |  | 9,052 |  |  | 526 |  |  | 420 |
Construction – custom and owner/builder | — |  |  | — |  |  | — |  |  | 60 |  |  | — |  |  | — |
Construction – speculative one- to four-family | 687 |  |  | 687 |  |  | 88 |  |  | 695 |  |  | 29 |  |  | 16 |
Construction – multi-family | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land | 1,203 |  |  | 1,226 |  |  | 234 |  |  | 1,962 |  |  | 27 |  |  | 27 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 299 |  |  | 299 |  |  | 57 |  |  | 352 |  |  | 16 |  |  | 12 |
Other | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal | 25,646 |  |  | 26,419 |  |  | 3,076 |  |  | 22,478 |  |  | 990 |  |  | 773 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family | 8,984 |  |  | 9,501 |  |  | 600 |  |  | 7,058 |  |  | 109 |  |  | 81 |
Multi-family | 5,184 |  |  | 6,166 |  |  | 334 |  |  | 6,433 |  |  | 304 |  |  | 233 |
Commercial | 19,510 |  |  | 23,302 |  |  | 1,763 |  |  | 17,833 |  |  | 848 |  |  | 687 |
Construction – custom and owner/builder | — |  |  | — |  |  | — |  |  | 157 |  |  | — |  |  | — |
Construction – speculative one- to four-family | 687 |  |  | 687 |  |  | 88 |  |  | 760 |  |  | 29 |  |  | 16 |
Construction – multi-family | 143 |  |  | 608 |  |  | — |  |  | 293 |  |  | — |  |  | — |
Construction – land development | 515 |  |  | 3,279 |  |  | — |  |  | 534 |  |  | — |  |  | — |
Land | 2,391 |  |  | 3,359 |  |  | 234 |  |  | 5,481 |  |  | 36 |  |  | 35 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 679 |  |  | 855 |  |  | 57 |  |  | 618 |  |  | 16 |  |  | 12 |
Other | 6 |  |  | 6 |  |  | — |  |  | 8 |  |  | — |  |  | — |
Commercial business loans | — |  |  | 33 |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 38,099 |  |  | $ | 47,796 |  |  | $ | 3,076 |  |  | $ | 39,175 |  |  | $ | 1,342 |  |  | $ | 1,064 |
______________________________________________ (1) For the year ended September 30, 201
Schedule of Non-performing Assets, Loans Receivable | The following table sets forth information with respect to the Company’s non-performing assets at December 31, 2013 and September 30, 2013 (dollars in thousands):
| December 31, 2013 |  |  | September 30, 2013 |
Loans accounted for on a non-accrual basis: |  |  |
Mortgage loans: |  |  |
One- to four-family | $ | 6,184 |  |  | $ | 6,985 |
Multi-family | — |  |  | — |
Commercial | 2,017 |  |  | 3,435 |
Construction – custom and owner/builder | — |  |  | — |
Construction – speculative one- to four-family | — |  |  | — |
Construction – multi-family | 143 |  |  | 144 |
Construction – land development | 190 |  |  | 515 |
Land | 5,371 |  |  | 2,146 |
Consumer loans: |  |  |  |  |
Home equity and second mortgage | 226 |  |  | 380 |
Other | 5 |  |  | 5 |
Commercial business loans | 5 |  |  | — |
Total loans accounted for on a non-accrual basis | 14,141 |  |  | 13,610 |
Accruing loans which are contractually past due 90 days or more | 153 |  |  | 436 |
Total of non-accrual and 90 days past due loans | 14,294 |  |  | 14,046 |
Non-accrual investment securities | 2,092 |  |  | 2,187 |
OREO and other repossessed assets, net | 12,483 |  |  | 11,720 |
Total non-performing assets (1) | $ | 28,869 |  |  | $ | 27,953 |
Troubled debt restructured loans on accrual status (2) | $ | 18,260 |  |  | $ | 18,573 |
Non-accrual and 90 days or more past due loans as a percentage of loans receivable | 2.52 | % |  | 2.51 | %
Non-accrual and 90 days or more past due loans as a percentage of total assets | 1.96 | % |  | 1.88 | %
Non-performing assets as a percentage of total assets | 3.97 | % |  | 3.75 | %
Loans receivable (3) | $ | 566,649 |  |  | $ | 559,240 |
Total assets | $ | 727,933 |  |  | $ | 745,648 |
___________________________________ (1) Does not include troubled debt restructured loans on accrual status. (2) Does not include troubled debt restructured loans totaling $3.2 million and $4.0 million reported as non-accrual loans at December 31, 2013 and September 30, 2013, respectively. (3) Includes loans held for sale and before the allowance for loan losses.
Schedule of Troubled Debt Restructured Loans by Interest Accrual Status | The following table sets forth information with respect to the Company’s troubled debt restructured loans by interest accrual status as of December 31, 2013 and September 30, 2013 (dollars in thousands):
| December 31, 2013
| Accruing |  | Non- Accrual |  | Total
Mortgage loans: |  |  |  |  |
One- to four-family | $ | 1,989 |  |  | $ | 195 |  |  | $ | 2,184 |
Multi-family | 4,934 |  |  | — |  |  | 4,934 |
Commercial | 10,109 |  |  | 1,547 |  |  | 11,656 |
Construction – speculative one- to four-family | 686 |  |  | — |  |  | 686 |
Construction – land development | — |  |  | 190 |  |  | 190 |
Land | 243 |  |  | 1,092 |  |  | 1,335 |
Consumer loans: |  |  |  |  |  |  |  |
Home equity and second mortgage | 299 |  |  | 152 |  |  | 451 |
Total | $ | 18,260 |  |  | $ | 3,176 |  |  | $ | 21,436 |
| September 30, 2013
| Accruing |  | Non- Accrual |  | Total
Mortgage loans: |  |  |  |  |
One- to four-family | $ | 1,999 |  |  | $ | 198 |  |  | $ | 2,197 |
Multi-family | 5,184 |  |  | — |  |  | 5,184 |
Commercial | 10,160 |  |  | 1,574 |  |  | 11,734 |
Construction – speculative one- to four-family | 687 |  |  | — |  |  | 687 |
Construction – land development | — |  |  | 515 |  |  | 515 |
Land | 244 |  |  | 1,564 |  |  | 1,808 |
Consumer loans: |  |  |  |  |  |  |  |
Home equity and second mortgage | 299 |  |  | 180 |  |  | 479 |
Total | $ | 18,573 |  |  | $ | 4,031 |  |  | $ | 22,604 |
Schedule of Troubled Debt Restructurings by Portfolio Segment |

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