XML 62 R21.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Loans Receivable And Allowance For Loan Losses (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2014
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 June 30, 2014 and September 30, 2013 (dollars in thousands):
| June 30, 2014 |  | September 30, 2013
| Amount |  | Percent |  | Amount |  | Percent
Mortgage loans: |  |  |  |  |  |  |
One- to four-family (1) | $ | 100,085 |  |  | 16.9 | % |  | $ | 104,298 |  |  | 18.0 | %
Multi-family | 47,077 |  |  | 8.0 |  |  | 51,108 |  |  | 8.8 |
Commercial | 299,707 |  |  | 50.7 |  |  | 291,297 |  |  | 50.3 |
Construction and land development | 53,695 |  |  | 9.1 |  |  | 45,136 |  |  | 7.8 |
Land | 28,442 |  |  | 4.8 |  |  | 31,144 |  |  | 5.4 |
Total mortgage loans | 529,006 |  |  | 89.5 |  |  | 522,983 |  |  | 90.3 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 31,832 |  |  | 5.4 |  |  | 33,014 |  |  | 5.7 |
Other | 5,229 |  |  | 0.8 |  |  | 5,981 |  |  | 1.0 |
Total consumer loans | 37,061 |  |  | 6.2 |  |  | 38,995 |  |  | 6.7 |
Commercial business loans | 25,341 |  |  | 4.3 |  |  | 17,499 |  |  | 3.0 |
Total loans receivable | 591,408 |  |  | 100.0 | % |  | 579,477 |  |  | 100.0 | %
Less: |  |  |  |  |  |  |  |  |  |  |
Undisbursed portion of construction loans in process | (21,463 | ) |  |  |  |  | (18,527 | ) |  |  |
Deferred loan origination fees | (1,687 | ) |  |  |  |  | (1,710 | ) |  |  |
Allowance for loan losses | (10,563 | ) |  |  |  |  | (11,136 | ) |  |  |
Total loans receivable, net | $ | 557,695 |  |  |  |  |  | $ | 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 June 30, 2014 and September 30, 2013 (dollars in thousands):
| June 30, 2014 |  | September 30, 2013
| Amount |  | Percent |  | Amount |  | Percent
Custom and owner/builder | $ | 48,212 |  |  | 89.8 | % |  | $ | 40,811 |  |  | 90.4 | %
Speculative one- to four-family | 2,307 |  |  | 4.3 |  |  | 1,428 |  |  | 3.2 |
Commercial real estate | 2,736 |  |  | 5.1 |  |  | 2,239 |  |  | 5.0 |
Multi-family (including condominiums) | 440 |  |  | 0.8 |  |  | 143 |  |  | 0.3 |
Land development | — |  |  | — |  |  | 515 |  |  | 1.1 |
Total construction and land development loans | $ | 53,695 |  |  | 100.0 | % |  | $ | 45,136 |  |  | 100.0 | %
Schedule of Allowance for Loan Losses | The following tables set forth information for the three and nine months ended June 30, 2014 and 2013 regarding activity in the allowance for loan losses (dollars in thousands):
| Three Months Ended June 30, 2014
| Beginning Allowance |  | Provision /(Credit) |  | Charge- offs |  | Recoveries |  | Ending Allowance
Mortgage loans: |  |  |  |  |  |  |  |  |
One-to four-family | $ | 1,751 |  |  | $ | 213 |  |  | $ | 356 |  |  | $ | 42 |  |  | $ | 1,650 |
Multi-family | 433 |  |  | (31 | ) |  | — |  |  | — |  |  | 402 |
Commercial | 5,168 |  |  | (4 | ) |  | — |  |  | — |  |  | 5,164 |
Construction – custom and owner/builder | 348 |  |  | (15 | ) |  | — |  |  | — |  |  | 333 |
Construction – speculative one- to four-family | 46 |  |  | 10 |  |  | — |  |  | — |  |  | 56 |
Construction – commercial | 25 |  |  | 13 |  |  | — |  |  | — |  |  | 38 |
Construction – multi-family | — |  |  | (110 | ) |  | — |  |  | 125 |  |  | 15 |
Land | 1,568 |  |  | (83 | ) |  | 5 |  |  | 4 |  |  | 1,484 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 868 |  |  | (7 | ) |  | — |  |  | — |  |  | 861 |
Other | 194 |  |  | (4 | ) |  | 2 |  |  | 2 |  |  | 190 |
Commercial business loans | 348 |  |  | 18 |  |  | — |  |  | 4 |  |  | 370 |
Total | $ | 10,749 |  |  | $ | — |  |  | $ | 363 |  |  | $ | 177 |  |  | $ | 10,563 |
| Nine Months Ended June 30, 2014
| Beginning Allowance |  | Provision /(Credit) |  | Charge- offs |  | Recoveries |  | Ending Allowance
Mortgage loans: |  |  |  |  |  |  |  |  |
One-to four-family | $ | 1,449 |  |  | $ | 987 |  |  | $ | 979 |  |  | $ | 193 |  |  | $ | 1,650 |
Multi-family | 749 |  |  | (347 | ) |  | — |  |  | — |  |  | 402 |
Commercial | 5,275 |  |  | 348 |  |  | 463 |  |  | 4 |  |  | 5,164 |
Construction – custom and owner/builder | 262 |  |  | 71 |  |  | — |  |  | — |  |  | 333 |
Construction – speculative one- to four-family | 96 |  |  | (40 | ) |  | — |  |  | — |  |  | 56 |
Construction – commercial | 56 |  |  | (18 | ) |  | — |  |  | — |  |  | 38 |
Construction – multi-family | — |  |  | (236 | ) |  | — |  |  | 251 |  |  | 15 |
Construction – land development | — |  |  | (287 | ) |  | — |  |  | 287 |  |  | — |
Land | 1,940 |  |  | (607 | ) |  | 260 |  |  | 411 |  |  | 1,484 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 782 |  |  | 100 |  |  | 28 |  |  | 7 |  |  | 861 |
Other | 200 |  |  | (8 | ) |  | 4 |  |  | 2 |  |  | 190 |
Commercial business loans | 327 |  |  | 37 |  |  | 14 |  |  | 20 |  |  | 370 |
Total | $ | 11,136 |  |  | $ | — |  |  | $ | 1,748 |  |  | $ | 1,175 |  |  | $ | 10,563 |
| Three Months Ended June 30, 2013
| Beginning Allowance |  | Provision /(Credit) |  | Charge- offs |  | Recoveries |  | Ending Allowance
Mortgage loans: |  |  |  |  |  |  |  |  |
One-to four-family | $ | 1,846 |  |  | $ | 1 |  |  | $ | 3 |  |  | $ | 19 |  |  | $ | 1,863 |
Multi-family | 815 |  |  | (1) |  |  | — |  |  | — |  |  | 814
Commercial | 4,497 |  |  | 179 |  |  | 11 |  |  | 3 |  |  | 4,668
Construction – custom and owner/builder | 284 |  |  | (29) |  |  | 26 |  |  | — |  |  | 229
Construction – speculative one- to four-family | 141 |  |  | (58) |  |  | — |  |  | — |  |  | 83
Construction – commercial | 85 |  |  | 5 |  |  | — |  |  | — |  |  | 90
Construction – land development | 12 |  |  | (2) |  |  | 10 |  |  | — |  |  | — |
Land | 2,197 |  |  | 1,311 |  |  | 1,543 |  |  | 1 |  |  | 1,966
Consumer loans: |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 781 |  |  | (2) |  |  | — |  |  | 5 |  |  | 784
Other | 239 |  |  | 2 |  |  | 8 |  |  | — |  |  | 233
Commercial business loans | 416 |  |  | (21) |  |  | — |  |  | 1 |  |  | 396
Total | $ | 11,313 |  |  | $ | 1,385 |  |  | $ | 1,601 |  |  | $ | 29 |  |  | $ | 11,126 |
| Nine Months Ended June 30, 2013
| Beginning Allowance |  | Provision /(Credit) |  | Charge- offs |  | Recoveries |  | Ending Allowance
Mortgage loans: |  |  |  |  |  |  |  |  |
One-to four-family | $ | 1,558 |  |  | $ | 792 |  |  | $ | 527 |  |  | $ | 40 |  |  | $ | 1,863 |
Multi-family | 1,156 |  |  | (227) |  |  | 116 |  |  | 1 |  |  | 814
Commercial | 4,247 |  |  | 1,035 |  |  | 667 |  |  | 53 |  |  | 4,668
Construction – custom and owner/builder | 386 |  |  | (131) |  |  | 26 |  |  | — |  |  | 229
Construction – speculative one- to four-family | 128 |  |  | (45) |  |  | — |  |  | — |  |  | 83
Construction – commercial | 429 |  |  | (339) |  |  | — |  |  | — |  |  | 90
Construction – land development | — |  |  | (130) |  |  | 16 |  |  | 146 |  |  | — |
Land | 2,392 |  |  | 1,821 |  |  | 2,250 |  |  | 3 |  |  | 1,966
Consumer loans: |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 759 |  |  | 204 |  |  | 184 |  |  | 5 |  |  | 784
Other | 254 |  |  | (7) |  |  | 14 |  |  | — |  |  | 233
Commercial business loans | 516 |  |  | (213) |  |  | — |  |  | 93 |  |  | 396
Total | $ | 11,825 |  |  | $ | 2,760 |  |  | $ | 3,800 |  |  | $ | 341 |  |  | $ | 11,126 |
Schedule of loans evaluated individually for impairment and collectively evaluated for impairment in the allowance for loan losses | The following tables presents information on the loans evaluated individually for impairment and collectively evaluated for impairment in the allowance for loan losses at June 30, 2014 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
June 30, 2014 |  |  |  |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |  |  |  |
One- to four-family | $ | 798 |  |  | $ | 852 |  |  | $ | 1,650 |  |  | $ | 7,520 |  |  | $ | 92,565 |  |  | $ | 100,085 |
Multi-family | 50 |  |  | 352 |  |  | 402 |  |  | 3,326 |  |  | 43,751 |  |  | 47,077 |
Commercial | 1,423 |  |  | 3,741 |  |  | 5,164 |  |  | 17,440 |  |  | 282,267 |  |  | 299,707 |
Construction – custom and owner/builder | — |  |  | 333 |  |  | 333 |  |  | — |  |  | 28,982 |  |  | 28,982 |
Construction – speculative one- to four-family | — |  |  | 56 |  |  | 56 |  |  | — |  |  | 1,445 |  |  | 1,445 |
Construction – commercial | — |  |  | 38 |  |  | 38 |  |  | — |  |  | 1,520 |  |  | 1,520 |
Construction – multi-family | — |  |  | 15 |  |  | 15 |  |  | — |  |  | 285 |  |  | 285 |
Land | 383 |  |  | 1,101 |  |  | 1,484 |  |  | 5,446 |  |  | 22,996 |  |  | 28,442 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 193 |  |  | 668 |  |  | 861 |  |  | 670 |  |  | 31,162 |  |  | 31,832 |
Other | — |  |  | 190 |  |  | 190 |  |  | 8 |  |  | 5,221 |  |  | 5,229 |
Commercial business loans | — |  |  | 370 |  |  | 370 |  |  | — |  |  | 25,341 |  |  | 25,341 |
Total | $ | 2,847 |  |  | $ | 7,716 |  |  | $ | 10,563 |  |  | $ | 34,410 |  |  | $ | 535,535 |  |  | $ | 569,945 |
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 June 30, 2014 and September 30, 2013 (dollars in thousands):
| Loan Grades |  |
June 30, 2014 | Pass |  | Watch |  | Special Mention |  | Substandard |  | Total
Mortgage loans: |  |  |  |  |  |  |  |  |
One- to four-family | $ | 91,467 |  |  | $ | 1,835 |  |  | $ | 880 |  |  | $ | 5,903 |  |  | $ | 100,085 |
Multi-family | 38,171 |  |  | 1,704 |  |  | 6,435 |  |  | 767 |  |  | 47,077 |
Commercial | 271,593 |  |  | 3,179 |  |  | 18,622 |  |  | 6,313 |  |  | 299,707 |
Construction – custom and owner/builder | 28,982 |  |  | — |  |  | — |  |  | — |  |  | 28,982 |
Construction – speculative one- to four-family | 1,445 |  |  | — |  |  | — |  |  | — |  |  | 1,445 |
Construction – commercial | 1,520 |  |  | — |  |  | — |  |  | — |  |  | 1,520 |
Construction – multi-family | 285 |  |  | — |  |  | — |  |  | — |  |  | 285 |
Land | 19,628 |  |  | 115 |  |  | 2,492 |  |  | 6,207 |  |  | 28,442 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 29,938 |  |  | 729 |  |  | 326 |  |  | 839 |  |  | 31,832 |
Other | 5,182 |  |  | 39 |  |  | — |  |  | 8 |  |  | 5,229 |
Commercial business loans | 25,140 |  |  | 106 |  |  | 95 |  |  | — |  |  | 25,341 |
Total | $ | 513,351 |  |  | $ | 7,707 |  |  | $ | 28,850 |  |  | $ | 20,037 |  |  | $ | 569,945 |
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 June 30, 2014 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
June 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family | $ | — |  |  | $ | 163 |  |  | $ | 4,873 |  |  | $ | — |  |  | $ | 5,036 |  |  | $ | 95,049 |  |  | $ | 100,085 |
Multi-family | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 47,077 |  |  | 47,077 |
Commercial | — |  |  | 812 |  |  | 1,631 |  |  | — |  |  | 2,443 |  |  | 297,264 |  |  | 299,707 |
Construction – custom and owner/builder | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 28,982 |  |  | 28,982 |
Construction – speculative one- to four- family | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,445 |  |  | 1,445 |
Construction – commercial | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,520 |  |  | 1,520 |
Construction – multi-family | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 285 |  |  | 285 |
Land | 48 |  |  | — |  |  | 5,204 |  |  | — |  |  | 5,252 |  |  | 23,190 |  |  | 28,442 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | — |  |  | — |  |  | 371 |  |  | 150 |  |  | 521 |  |  | 31,311 |  |  | 31,832 |
Other | — |  |  | — |  |  | 8 |  |  | — |  |  | 8 |  |  | 5,221 |  |  | 5,229 |
Commercial business loans | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 25,341 |  |  | 25,341 |
Total | $ | 48 |  |  | $ | 975 |  |  | $ | 12,087 |  |  | $ | 150 |  |  | $ | 13,260 |  |  | $ | 556,685 |  |  | $ | 569,945 |
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 | ollowing is a summary of information related to impaired loans as of June 30, 2014 and for the three and nine months then ended (in thousands):
| Recorded Investment |  | Unpaid Principal Balance (Loan Balance Plus Charge Off) |  | Related Allowance |  | QTD Average Recorded Investment (1) |  | YTD Average Recorded Investment (2) |  | QTD Interest Income Recognized (1) |  | YTD Interest Income Recognized (2) |  | QTD Cash Basis Interest Income Recognized (1) |  | YTD Cash Basis Interest Income Recognized (2)
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family | $ | 2,635 |  |  | $ | 3,300 |  |  | $ | — |  |  | $ | 2,749 |  |  | $ | 3,767 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Multi-family | — |  |  | 857 |  |  | — |  |  | — |  |  | 158 |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial | 9,047 |  |  | 12,342 |  |  | — |  |  | 9,077 |  |  | 7,704 |  |  | 151 |  |  | 267 |  |  | 122 |  |  | 210 |
Construction – custom and owner/builder | — |  |  | — |  |  | — |  |  | — |  |  | 15 |  |  | — |  |  | — |  |  | — |  |  | — |
Construction – speculative one- to four-family | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction – multi-family | — |  |  | 338 |  |  | — |  |  | — |  |  | 115 |  |  | — |  |  | — |  |  | — |  |  | — |
Construction – land development | — |  |  | — |  |  | — |  |  | — |  |  | 244 |  |  | — |  |  | — |  |  | — |  |  | — |
Land | 1,039 |  |  | 1,819 |  |  | — |  |  | 1,003 |  |  | 1,080 |  |  | 3 |  |  | 9 |  |  | 2 |  |  | 7 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 185 |  |  | 389 |  |  | — |  |  | 211 |  |  | 251 |  |  | — |  |  | — |  |  | — |  |  | — |
Other | 8 |  |  | 8 |  |  | — |  |  | 10 |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial business loans | — |  |  | 14 |  |  | — |  |  | 53 |  |  | 22 |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal | 12,914 |  |  | 19,067 |  |  | — |  |  | 13,103 |  |  | 13,363 |  |  | 154 |  |  | 276 |  |  | 124 |  |  | 217 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family | 4,885 |  |  | 4,903 |  |  | 798 |  |  | 4,925 |  |  | 4,336 |  |  | 39 |  |  | 109 |  |  | 31 |  |  | 81 |
Multi-family | 3,326 |  |  | 3,326 |  |  | 50 |  |  | 3,675 |  |  | 4,580 |  |  | 45 |  |  | 175 |  |  | 34 |  |  | 132 |
Commercial | 8,393 |  |  | 8,393 |  |  | 1,423 |  |  | 8,425 |  |  | 10,370 |  |  | 117 |  |  | 440 |  |  | 90 |  |  | 347 |
Construction – custom and owner/builder | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction – speculative one- to four-family | — |  |  | — |  |  | — |  |  | — |  |  | 413 |  |  | — |  |  | 11 |  |  | — |  |  | 7 |
Construction – multi-family | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction - land development | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land | 4,407 |  |  | 4,407 |  |  | 383 |  |  | 4,477 |  |  | 3,225 |  |  | 6 |  |  | 12 |  |  | 6 |  |  | 12 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 485 |  |  | 485 |  |  | 193 |  |  | 488 |  |  | 375 |  |  | 4 |  |  | 12 |  |  | 3 |  |  | 9 |
Other | — |  |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial business loans | — |  |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal | 21,496 |  |  | 21,514 |  |  | 2,847 |  |  | 21,990 |  |  | 23,299 |  |  | 211 |  |  | 759 |  |  | 164 |  |  | 588 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family | $ | 7,520 |  |  | $ | 8,203 |  |  | $ | 798 |  |  | $ | 7,674 |  |  | $ | 8,103 |  |  | $ | 39 |  |  | $ | 109 |  |  | $ | 31 |  |  | $ | 81 |
Multi-family | 3,326 |  |  | 4,183 |  |  | 50 |  |  | 3,675 |  |  | 4,738 |  |  | 45 |  |  | 175 |  |  | 34 |  |  | 132 |
Commercial | 17,440 |  |  | 20,735 |  |  | 1,423 |  |  | 17,502 |  |  | 18,074 |  |  | 268 |  |  | 707 |  |  | 212 |  |  | 557 |
Construction – custom and owner/builder | — |  |  | — |  |  | — |  |  | — |  |  | 15 |  |  | — |  |  | — |  |  | — |  |  | — |
Construction – speculative one- to four-family | — |  |  | — |  |  | — |  |  | — |  |  | 413 |  |  | — |  |  | 11 |  |  | — |  |  | 7 |
Construction – multi-family | — |  |  | 338 |  |  | — |  |  | — |  |  | 115 |  |  | — |  |  | — |  |  | — |  |  | — |
Construction – land development | — |  |  | — |  |  | — |  |  | — |  |  | 244 |  |  | — |  |  | — |  |  | — |  |  | — |
Land | 5,446 |  |  | 6,226 |  |  | 383 |  |  | 5,480 |  |  | 4,305 |  |  | 9 |  |  | 21 |  |  | 8 |  |  | 19 |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity and second mortgage | 670 |  |  | 874 |  |  | 193 |  |  | 699 |  |  | 626 |  |  | 4 |  |  | 12 |  |  | 3 |  |  | 9 |
Other | 8 |  |  | 8 |  |  | — |  |  | 10 |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial business loans | — |  |  | 14 |  |  | — |  |  | 53 |  |  | 22 |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 34,410 |  |  | $ | 40,581 |  |  | $ | 2,847 |  |  | $ | 35,093 |  |  | $ | 36,662 |  |  | $ | 365 |  |  | $ | 1,035 |  |  | $ | 288 |  |  | $ | 805 |
________________________________________________
(1) | For the three months ended June 30, 2014
(2) | For the nine months ended June 30, 2014
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 | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction - land development | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
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 June 30, 2014 and September 30, 2013 (dollars in thousands):
| June 30, 2014 |  |  | September 30, 2013 |
Loans accounted for on a non-accrual basis: |  |  |
Mortgage loans: |  |  |
One- to four-family | $ | 4,873 |  |  | $ | 6,985 |
Commercial | 1,631 |  |  | 3,435 |
Construction – multi-family | — |  |  | 144 |
Construction – land development | — |  |  | 515 |
Land | 5,204 |  |  | 2,146 |
Consumer loans: |  |  |  |  |
Home equity and second mortgage | 371 |  |  | 380 |
Other | 8 |  |  | 5 |
Commercial business loans | — |  |  | — |
Total loans accounted for on a non-accrual basis | 12,087 |  |  | 13,610 |
Accruing loans which are contractually past due 90 days or more | 150 |  |  | 436 |
Total of non-accrual and 90 days past due loans | 12,237 |  |  | 14,046 |
Non-accrual investment securities | 1,162 |  |  | 2,187 |
OREO and other repossessed assets, net | 11,172 |  |  | 11,720 |
Total non-performing assets (1) | $ | 24,571 |  |  | $ | 27,953 |
Troubled debt restructured loans on accrual status (2) | $ | 16,524 |  |  | $ | 18,573 |
Non-accrual and 90 days or more past due loans as a percentage of loans receivable | 2.15 | % |  | 2.51 | %
Non-accrual and 90 days or more past due loans as a percentage of total assets | 1.68 | % |  | 1.88 | %
Non-performing assets as a percentage of total assets | 3.38 | % |  | 3.75 | %
Loans receivable (3) | $ | 568,258 |  |  | $ | 559,240 |
Total assets | $ | 727,631 |  |  | $ | 745,648 |
___________________________________ (1) Does not include troubled debt restructured loans on accrual status. (2) Does not include troubled debt restructured loans totaling $2.9 million and $4.0 million reported as non-accrual loans at June 30, 2014 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 June 30, 2014 and September 30, 2013 (dollars in thousands):
| June 30, 2014
| Accruing |  | Non- Accrual |  | Total
Mortgage loans: |  |  |  |  |
One- to four-family | $ | 2,647 |  |  | $ | 193 |  |  | $ | 2,840 |
Multi-family | 3,327 |  |  | — |  |  | 3,327 |
Commercial | 10,009 |  |  | 1,495 |  |  | 11,504 |
Land | 242 |  |  | 1,075 |  |  | 1,317 |
Consumer loans: |  |  |  |  |  |  |  |
Home equity and second mortgage | 299 |  |  | 152 |  |  | 451 |
Total | $ | 16,524 |  |  | $ | 2,915 |  |  | $ | 19,439 |
| 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 |

X
- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
Name: | tsbk_ScheduleOfCompositionOfConstructionAndLandDevelopmentLoanPortfolioTableTextBlock
Namespace Prefix: | tsbk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
Name: | tsbk_ScheduleOfLoansEvaluatedIndividuallyForImpairmentAndCollectivelyEvaluatedForImpairmentInAllowanceForLoanLossesTableTextBlock
Namespace Prefix: | tsbk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
Name: | tsbk_ScheduleOfTroubledDebtRestructuredByInterestAccrualStatusTableTextBlock
Namespace Prefix: | tsbk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
Name: | tsbk_ScheduleOfTroubledDebtRestructuringsByPortfolioSegmentTableTextBlock
Namespace Prefix: | tsbk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953423-111524 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953659-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of impaired financing receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=35738203&loc=d3e5212-111524 + Details
Name: | us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=35738203&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953401-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + 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 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables and troubled debt restructurings. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953682-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953676-111524 + Details
Name: | us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration