XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Loans Receivable (Notes) | 6 Months Ended
--- | ---
Jun. 30, 2018
Receivables [Abstract] |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Loans receivable are as follows:
| June 30, 2018 |  | December 31, 2017
One-to-four family residential real estate | $ | 84,048 |  |  | $ | 97,814 |
Multi-family mortgage | 571,886 |  |  | 588,383 |
Nonresidential real estate | 155,627 |  |  | 169,971 |
Construction and land | 1,316 |  |  | 1,358 |
Commercial loans | 163,925 |  |  | 152,552 |
Commercial leases | 316,555 |  |  | 310,076 |
Consumer | 1,469 |  |  | 1,597 |
| 1,294,826 |  |  | 1,321,751 |
Net deferred loan origination costs | 1,176 |  |  | 1,266 |
Allowance for loan losses | (8,179 | ) |  | (8,366 | )
Loans, net | $ | 1,287,823 |  |  | $ | 1,314,651 |
The following tables present the balance in the allowance for loan losses and the loans receivable by portfolio segment and based on impairment method:
| Allowance for loan losses |  | Loan Balances
| Individually evaluated for impairment |  | Collectively evaluated for impairment |  | Total |  | Individually evaluated for impairment |  | Collectively evaluated for impairment |  | Total
June 30, 2018 |  |  |  |  |  |  |  |  |  |  |
One-to-four family residential real estate | $ | — |  |  | $ | 802 |  |  | $ | 802 |  |  | $ | 3,514 |  |  | $ | 80,534 |  |  | $ | 84,048 |
Multi-family mortgage | — |  |  | 3,690 |  |  | 3,690 |  |  | 668 |  |  | 571,218 |  |  | 571,886 |
Nonresidential real estate | — |  |  | 1,452 |  |  | 1,452 |  |  | — |  |  | 155,627 |  |  | 155,627 |
Construction and land | — |  |  | 32 |  |  | 32 |  |  | — |  |  | 1,316 |  |  | 1,316 |
Commercial loans | — |  |  | 1,444 |  |  | 1,444 |  |  | — |  |  | 163,925 |  |  | 163,925 |
Commercial leases | — |  |  | 746 |  |  | 746 |  |  | — |  |  | 316,555 |  |  | 316,555 |
Consumer | — |  |  | 13 |  |  | 13 |  |  | — |  |  | 1,469 |  |  | 1,469 |
| $ | — |  |  | $ | 8,179 |  |  | $ | 8,179 |  |  | $ | 4,182 |  |  | $ | 1,290,644 |  |  | 1,294,826 |
Net deferred loan origination costs |  |  |  |  |  |  |  |  |  | 1,176 |
Allowance for loan losses |  |  |  |  |  |  |  |  |  | (8,179 | )
Loans, net |  |  |  |  |  |  |  |  |  |  | $ | 1,287,823 |
| Allowance for loan losses |  | Loan Balances
| Individually evaluated for impairment |  | Collectively evaluated for impairment |  | Total |  | Individually evaluated for impairment |  | Collectively evaluated for impairment |  | Total
December 31, 2017 |  |  |  |  |  |  |  |  |  |  |
One-to-four family residential real estate | $ | — |  |  | $ | 850 |  |  | $ | 850 |  |  | $ | 4,265 |  |  | $ | 93,549 |  |  | $ | 97,814 |
Multi-family mortgage | — |  |  | 3,849 |  |  | 3,849 |  |  | 949 |  |  | 587,434 |  |  | 588,383 |
Nonresidential real estate | — |  |  | 1,605 |  |  | 1,605 |  |  | — |  |  | 169,971 |  |  | 169,971 |
Construction and land | — |  |  | 32 |  |  | 32 |  |  | — |  |  | 1,358 |  |  | 1,358 |
Commercial loans | — |  |  | 1,357 |  |  | 1,357 |  |  | — |  |  | 152,552 |  |  | 152,552 |
Commercial leases | — |  |  | 655 |  |  | 655 |  |  | — |  |  | 310,076 |  |  | 310,076 |
Consumer | — |  |  | 18 |  |  | 18 |  |  | — |  |  | 1,597 |  |  | 1,597 |
| $ | — |  |  | $ | 8,366 |  |  | $ | 8,366 |  |  | $ | 5,214 |  |  | $ | 1,316,537 |  |  | 1,321,751 |
Net deferred loan origination costs |  |  |  |  |  |  |  |  |  | 1,266 |
Allowance for loan losses |  |  |  |  |  |  |  |  |  | (8,366 | )
Loans, net |  |  |  |  |  |  |  |  |  |  | $ | 1,314,651 |
Activity in the allowance for loan losses is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Beginning balance | $ | 8,341 |  |  | $ | 7,971 |  |  | $ | 8,366 |  |  | $ | 8,127 |
Loans charged off: |  |  |  |  |  |  |
One-to-four family residential real estate | (33 | ) |  | (22 | ) |  | (130 | ) |  | (193 | )
Multi-family mortgage | (35 | ) |  | — |  |  | (35 | ) |  | (3 | )
Nonresidential real estate | — |  |  | — |  |  | — |  |  | (165 | )
Commercial loans | (140 | ) |  | — |  |  | (140 | ) |  | — |
Consumer | (1 | ) |  | — |  |  | (1 | ) |  | — |
| (209 | ) |  | (22 | ) |  | (306 | ) |  | (361 | )
Recoveries: |  |  |  |  |  |  |
One-to-four family residential real estate | 6 |  |  | 79 |  |  | 105 |  |  | 85 |
Multi-family mortgage | 10 |  |  | 40 |  |  | 18 |  |  | 51 |
Commercial loans | 2 |  |  | 5 |  |  | 225 |  |  | 10 |
Commercial leases | 5 |  |  | — |  |  | 5 |  |  | — |
Consumer | 1 |  |  | — |  |  | 1 |  |  | — |
| 24 |  |  | 124 |  |  | 354 |  |  | 146 |
Net recoveries (charge-offs) | (185 | ) |  | 102 |  |  | 48 |  |  | (215 | )
Provision for (recovery of) loan losses | 23 |  |  | 49 |  |  | (235 | ) |  | 210 |
Ending balance | $ | 8,179 |  |  | $ | 8,122 |  |  | $ | 8,179 |  |  | $ | 8,122 |
The following tables present the recorded investment in nonaccrual loans and loans past due over 90 days still on accrual by class of loans:
| Loan Balance |  | Recorded Investment |  | Loans Past Due Over 90 Days, Still Accruing
June 30, 2018 |  |  |  |  |
One-to-four family residential real estate | $ | 2,800 |  |  | $ | 1,491 |  |  | $ | — |
One-to-four family residential real estate – non-owner occupied | 262 |  |  | 47 |  |  | — |
Multi-family mortgage - Illinois | 96 |  |  | 92 |  |  | — |
Consumer | 6 |  |  | 6 |  |  | — |
| $ | 3,164 |  |  | $ | 1,636 |  |  | $ | — |
December 31, 2017 |  |  |  |  |
One-to-four family residential real estate | $ | 3,413 |  |  | $ | 1,918 |  |  | $ | — |
One-to-four family residential real estate – non-owner occupied | 308 |  |  | 109 |  |  | — |
Multi-family mortgage - Illinois | 376 |  |  | 363 |  |  | — |
| $ | 4,097 |  |  | $ | 2,390 |  |  | $ | — |
Nonaccrual loans and impaired loans are defined differently. Some loans may be included in both categories, and some loans may only be included in one category. Nonaccrual loans include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. The Company’s reserve for uncollected loan interest was $50,000 and $103,000 at June 30, 2018 and December 31, 2017, respectively. When a loan is on nonaccrual status and the ultimate collectability of the total principal of an impaired loan is in doubt, all payments are applied to principal under the cost recovery method. Alternatively, when a loan is on non-accrual status but there is doubt concerning only the ultimate collectability of interest, contractual interest is credited to interest income only when received, under the cash basis method pursuant to the provisions of FASB ASC 310–10, as applicable. In all cases, the average balances are calculated based on the month–end balances of the financing receivables within the period reported pursuant to the provisions of FASB ASC 310–10, as applicable. The following tables present the aging of the recorded investment of loans at June 30, 2018 by class of loans:
| 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 Days or Greater Past Due |  | Total Past Due |  | Loans Not Past Due |  | Total
One-to-four family residential real estate loans | $ | 153 |  |  | $ | 629 |  |  | $ | 1,491 |  |  | $ | 2,273 |  |  | $ | 64,325 |  |  | $ | 66,598 |
One-to-four family residential real estate loans – non-owner occupied | 8 |  |  | 43 |  |  | 47 |  |  | 98 |  |  | 16,831 |  |  | 16,929 |
Multi-family mortgage - Illinois | — |  |  | — |  |  | — |  |  | — |  |  | 267,915 |  |  | 267,915 |
Multi-family mortgage - Other | — |  |  | — |  |  | — |  |  | — |  |  | 296,921 |  |  | 296,921 |
Nonresidential real estate | — |  |  | — |  |  | — |  |  | — |  |  | 152,781 |  |  | 152,781 |
Construction | — |  |  | — |  |  | — |  |  | — |  |  | 1,090 |  |  | 1,090 |
Land | — |  |  | — |  |  | — |  |  | — |  |  | 228 |  |  | 228 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |
Regional commercial banking | — |  |  | — |  |  | — |  |  | — |  |  | 46,281 |  |  | 46,281 |
Health care | — |  |  | — |  |  | — |  |  | — |  |  | 68,672 |  |  | 68,672 |
Direct commercial lessor | — |  |  | — |  |  | — |  |  | — |  |  | 49,369 |  |  | 49,369 |
Commercial leases: |  |  |  |  |  |  |  |  |  |  |  |  |
Investment rated commercial leases | 81 |  |  | — |  |  | — |  |  | 81 |  |  | 198,882 |  |  | 198,963 |
Other commercial leases | — |  |  | — |  |  | — |  |  | — |  |  | 119,416 |  |  | 119,416 |
Consumer | 49 |  |  | 1 |  |  | 6 |  |  | 56 |  |  | 1,422 |  |  | 1,478 |
| $ | 291 |  |  | $ | 673 |  |  | $ | 1,544 |  |  | $ | 2,508 |  |  | $ | 1,284,133 |  |  | $ | 1,286,641 |
The following tables present the aging of the recorded investment of loans at December 31, 2017 by class of loans:
| 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 Days or Greater Past Due |  | Total Past Due |  | Loans Not Past Due |  | Total
One-to-four family residential real estate loans | $ | 86 |  |  | $ | 99 |  |  | $ | 1,801 |  |  | $ | 1,986 |  |  | $ | 74,216 |  |  | $ | 76,202 |
One-to-four family residential real estate loans – non-owner occupied | 10 |  |  | 3 |  |  | 86 |  |  | 99 |  |  | 20,944 |  |  | 21,043 |
Multi-family mortgage - Illinois | 172 |  |  | — |  |  | 364 |  |  | 536 |  |  | 287,171 |  |  | 287,707 |
Multi-family mortgage - Other | — |  |  | — |  |  | — |  |  | — |  |  | 296,440 |  |  | 296,440 |
Nonresidential real estate | 608 |  |  | — |  |  | — |  |  | 608 |  |  | 166,071 |  |  | 166,679 |
Construction | — |  |  | — |  |  | — |  |  | — |  |  | 1,103 |  |  | 1,103 |
Land | — |  |  | — |  |  | — |  |  | — |  |  | 259 |  |  | 259 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |
Regional commercial banking | — |  |  | — |  |  | — |  |  | — |  |  | 40,935 |  |  | 40,935 |
Health care | — |  |  | — |  |  | — |  |  | — |  |  | 71,738 |  |  | 71,738 |
Direct commercial lessor | — |  |  | — |  |  | — |  |  | — |  |  | 40,237 |  |  | 40,237 |
Commercial leases: |  |  |  |  |  |  |  |  |  |  |  |  |
Investment rated commercial leases | 934 |  |  | — |  |  | — |  |  | 934 |  |  | 207,747 |  |  | 208,681 |
Other commercial leases | 288 |  |  | — |  |  | — |  |  | 288 |  |  | 102,873 |  |  | 103,161 |
Consumer | — |  |  | — |  |  | — |  |  | — |  |  | 1,605 |  |  | 1,605 |
| $ | 2,098 |  |  | $ | 102 |  |  | $ | 2,251 |  |  | $ | 4,451 |  |  | $ | 1,311,339 |  |  | $ | 1,315,790 |
The Company evaluates loan extensions or modifications in accordance with FASB ASC 310–40 with respect to the classification of the loan as a Troubled Debt Restructuring ("TDR"). In general, if the Company grants a loan extension or modification to a borrower for other than an insignificant period of time that includes a below–market interest rate, principal forgiveness, payment forbearance or other concession intended to minimize the economic loss to the Company, the loan extension or loan modification is classified as a TDR. In cases where borrowers are granted new terms that provide for a reduction of either interest or principal then due and payable, management measures any impairment on the restructured loan in the same manner as for impaired loans as noted above. The Company had $17,000 of TDRs at June 30, 2018 and December 31, 2017. No specific valuation reserves were allocated to those loans at June 30, 2018 and December 31, 2017. The Company had no outstanding commitments to borrowers whose loans were classified as TDRs at either date. The following table presents loans classified as TDRs:
| June 30, 2018 |  | December 31, 2017
One-to-four family residential real estate - nonaccrual | $ | 17 |  |  | $ | 17 |
During the three and six months ended June 30, 2018 and 2017, there were no loans modified and classified as TDRs. A TDR is considered to be in payment default once it is 90 days contractually past due under the modified terms. There were no payment defaults on TDRs within twelve months following the modification during the three and six months ended June 30, 2018 and 2017.
There were no loan modifications during the three and six months ended June 30, 2018. There were certain loan modifications during the three and six months ended June 30, 2017 that did not meet the definition of a TDR. These loans had a total recorded investment of $133,000 at June 30, 2017. The modification of these loans involved either a modification of the terms of a loan to borrowers who were not experiencing financial difficulties or a delay in a payment that was considered to be insignificant. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Company’s internal underwriting policy. The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, including current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans based on credit risk. This analysis includes non-homogeneous loans, such as commercial and commercial real estate loans. This analysis is performed on a monthly basis. The Company uses the following definitions for risk ratings: Special Mention. A Special Mention asset has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the institution’s credit position at some future date. Special Mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. Substandard. Loans categorized as Substandard continue to accrue interest, but exhibit a well-defined weakness or weaknesses that may jeopardize the liquidation of the debt. The loans continue to accrue interest because they are well secured and collection of principal and interest is expected within a reasonable time. The risk rating guidance published by the Office of the Comptroller of the Currency clarifies that a loan with a well-defined weakness does not have to present a probability of default for the loan to be rated Substandard, and that an individual loan’s loss potential does not have to be distinct for the loan to be rated Substandard. Nonaccrual. An asset classified Nonaccrual has all the weaknesses inherent in one classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered “Pass” rated loans. As of June 30, 2018, based on the most recent analysis performed, the risk categories of loans by class of loans are as follows:
| Pass |  | Special Mention |  | Substandard |  | Nonaccrual |  | Total
One-to-four family residential real estate loans | $ | 65,236 |  |  | $ | — |  |  | $ | 257 |  |  | $ | 1,489 |  |  | $ | 66,982 |
One-to-four family residential real estate loans – non-owner occupied | 16,982 |  |  | — |  |  | 38 |  |  | 46 |  |  | 17,066 |
Multi-family mortgage loans - Illinois | 270,910 |  |  | — |  |  | 218 |  |  | 96 |  |  | 271,224 |
Multi-family mortgage loans - Other | 300,662 |  |  | — |  |  | — |  |  | — |  |  | 300,662 |
Nonresidential real estate loans | 155,527 |  |  | — |  |  | 100 |  |  | — |  |  | 155,627 |
Construction loans | 1,086 |  |  | — |  |  | — |  |  | — |  |  | 1,086 |
Land loans | 230 |  |  | — |  |  | — |  |  | — |  |  | 230 |
Commercial loans: |  |  |  |  |  |  |  |  |
Regional commercial banking | 37,052 |  |  | 9,251 |  |  | — |  |  | — |  |  | 46,303 |
Health care | 64,804 |  |  | — |  |  | 3,820 |  |  | — |  |  | 68,624 |
Direct commercial lessor | 48,998 |  |  | — |  |  | — |  |  | — |  |  | 48,998 |
Commercial leases: |  |  |  |  |  |  |  |  |  |
Investment rated commercial leases | 197,746 |  |  | — |  |  | — |  |  | — |  |  | 197,746 |
Other commercial leases | 118,809 |  |  | — |  |  | — |  |  | — |  |  | 118,809 |
Consumer | 1,463 |  |  | — |  |  | 1 |  |  | 5 |  |  | 1,469 |
| $ | 1,279,505 |  |  | $ | 9,251 |  |  | $ | 4,434 |  |  | $ | 1,636 |  |  | $ | 1,294,826 |
As of December 31, 2017, the risk categories of loans by class of loans are as follows:
| Pass |  | Special Mention |  | Substandard |  | Nonaccrual |  | Total
One-to-four family residential real estate loans | $ | 74,437 |  |  | $ | — |  |  | $ | 255 |  |  | $ | 1,914 |  |  | $ | 76,606 |
One-to-four family residential real estate loans – non-owner occupied | 21,059 |  |  | — |  |  | 40 |  |  | 109 |  |  | 21,208 |
Multi-family mortgage loans - Illinois | 290,765 |  |  | — |  |  | 225 |  |  | 368 |  |  | 291,358 |
Multi-family mortgage loans - Other | 297,025 |  |  | — |  |  | — |  |  | — |  |  | 297,025 |
Nonresidential real estate loans | 169,817 |  |  | — |  |  | 154 |  |  | — |  |  | 169,971 |
Construction loans | 1,099 |  |  | — |  |  | — |  |  | — |  |  | 1,099 |
Land loans | 259 |  |  | — |  |  | — |  |  | — |  |  | 259 |
Commercial loans: |  |  |  |  |  |  |  |  |
Regional commercial banking | 36,373 |  |  | 4,528 |  |  | — |  |  | — |  |  | 40,901 |
Health care | 69,480 |  |  | — |  |  | 2,248 |  |  | — |  |  | 71,728 |
Direct commercial lessor | 39,923 |  |  | — |  |  | — |  |  | — |  |  | 39,923 |
Commercial leases: |  |  |  |  |  |  |  |  |  |
Investment rated commercial leases | 207,460 |  |  | — |  |  | — |  |  | — |  |  | 207,460 |
Other commercial leases | 102,616 |  |  | — |  |  | — |  |  | — |  |  | 102,616 |
Consumer | 1,597 |  |  | — |  |  | — |  |  | — |  |  | 1,597 |
| $ | 1,311,910 |  |  | $ | 4,528 |  |  | $ | 2,922 |  |  | $ | 2,391 |  |  | $ | 1,321,751 |

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://fasb.org/us-gaap/role/ref/legacyRef -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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -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 4: http://fasb.org/us-gaap/role/ref/legacyRef -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 5: http://fasb.org/us-gaap/role/ref/legacyRef -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 6: http://fasb.org/us-gaap/role/ref/legacyRef -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 7: http://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -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 + 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