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Other Real Estate Owned (Tables)
6 Months Ended
Jun. 30, 2018
Other Real Estate [Abstract]  
Schedule of Real Estate Properties [Table Text Block]
 
June 30, 2018
 
December 31, 2017
 
Balance
 
Valuation Allowance
 
Net OREO Balance
 
Balance
 
Valuation Allowance
 
Net OREO Balance
One–to–four family residential
$
833

 
$

 
$
833

 
$
836

 
$
(9
)
 
$
827

Multi-family mortgage
276

 

 
276

 

 

 

Nonresidential real estate
74

 

 
74

 
1,772

 
(252
)
 
1,520

Land
48

 
(44
)
 
4

 
48

 
(44
)
 
4

 
$
1,231

 
$
(44
)
 
$
1,187

 
$
2,656

 
$
(305
)
 
$
2,351

Real Estate Owned, rollforward [Table Text Block]
 
June 30, 2018
 
December 31, 2017
 
Balance
 
Valuation Allowance
 
Net OREO Balance
 
Balance
 
Valuation Allowance
 
Net OREO Balance
One–to–four family residential
$
833

 
$

 
$
833

 
$
836

 
$
(9
)
 
$
827

Multi-family mortgage
276

 

 
276

 

 

 

Nonresidential real estate
74

 

 
74

 
1,772

 
(252
)
 
1,520

Land
48

 
(44
)
 
4

 
48

 
(44
)
 
4

 
$
1,231

 
$
(44
)
 
$
1,187

 
$
2,656

 
$
(305
)
 
$
2,351


The following represents the roll forward of OREO and the composition of OREO properties:
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Beginning balance
$
1,802

 
$
5,301

 
$
2,351

 
$
3,895

New foreclosed properties
276

 

 
838

 
1,936

Valuation adjustments
(1
)
 
(54
)
 
(26
)
 
(74
)
Sales and payments
(890
)
 
(351
)
 
(1,976
)
 
(861
)
Ending balance
$
1,187

 
$
4,896

 
$
1,187

 
$
4,896

OREO valuation allowance, rollforward [Table Text Block]
Activity in the valuation allowance is as follows:
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Beginning balance
$
321

 
$
410

 
$
305

 
$
449

Additions charged to expense
1

 
54

 
26

 
74

Reductions from sales of OREO
(278
)
 
(156
)
 
(287
)
 
(215
)
Ending balance
$
44

 
$
308

 
$
44

 
$
308

At June 30, 2018, the balance of OREO included no foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property without title. At December 31, 2017 the balance of OREO included $352,000 of foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property without title. At June 30, 2018 and December 31, 2017, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process was $1.2 million and $1.5 million, respectively.