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Loans Receivable Held for Investment (Tables) | 12 Months Ended
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Dec. 31, 2018
Loans Receivable Held for Investment |
Schedule of loans receivable held for investment |
|  | December 31, 2018 |  | December 31, 2017
|  | (In thousands)
Real estate: |  |  |  |  |  |
Single family |  | $ | 91,835 |  | $ | 111,085
Multi-family |  |  | 231,870 |  |  | 187,455
Commercial real estate |  |  | 5,802 |  |  | 6,089
Church |  |  | 25,934 |  |  | 30,848
Construction |  |  | 1,876 |  |  | 1,678
Commercial – other |  |  | 226 |  |  | 192
Consumer |  |  | 5 |  |  | 7
Gross loans receivable before deferred loan costs and premiums |  |  | 357,548 |  |  | 337,354
Unamortized net deferred loan costs and premiums |  |  | 937 |  |  | 1,566
Gross loans receivable |  |  | 358,485 |  |  | 338,920
Allowance for loan losses |  |  | (2,929) |  |  | (4,069)
Loans receivable, net |  | $ | 355,556 |  | $ | 334,851
Schedule of activity in the allowance for loan losses by loan type |
|  | For the year ended December 31, 2018
|  | Real Estate |  |  |  |  |  |  |  |  |
|  | Single |  | Multi- |  | Commercial |  |  |  |  |  |  |  | Commercial |  |  |  |  |  |
|  | family |  | family |  | real estate |  | Church |  | Construction |  | – other |  | Consumer |  | Total
|  | (In thousands)
Beginning balance |  | $ | 594 |  | $ | 2,300 |  | $ | 71 |  | $ | 1,081 |  | $ | 17 |  | $ | 6 |  | $ | — |  | $ | 4,069
Provision for (recapture of) loan losses |  |  | (225) |  |  | (420) |  |  | (19) |  |  | (592) |  |  | 2 |  |  | — |  |  | — |  |  | (1,254)
Recoveries |  |  | — |  |  | — |  |  | — |  |  | 114 |  |  | — |  |  | — |  |  | — |  |  | 114
Loans charged off |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Ending balance |  | $ | 369 |  | $ | 1,880 |  | $ | 52 |  | $ | 603 |  | $ | 19 |  | $ | 6 |  | $ | — |  | $ | 2,929
|  | For the year ended December 31, 2017
|  | Real Estate |  |  |  |  |  |  |  |  |
|  | Single |  | Multi- |  | Commercial |  |  |  |  |  |  |  | Commercial |  |  |  |  |  |
|  | family |  | family |  | real estate |  | Church |  | Construction |  | – other |  | Consumer |  | Total
|  | (In thousands)
Beginning balance |  | $ | 367 |  | $ | 2,659 |  | $ | 215 |  | $ | 1,337 |  | $ | 8 |  | $ | 17 |  | $ | — |  | $ | 4,603
Provision for (recapture of) loan losses |  |  | 197 |  |  | (359) |  |  | (144) |  |  | (792) |  |  | 9 |  |  | (11) |  |  | — |  |  | (1,100)
Recoveries |  |  | 30 |  |  | — |  |  | — |  |  | 536 |  |  | — |  |  | — |  |  | — |  |  | 566
Loans charged off |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Ending balance |  | $ | 594 |  | $ | 2,300 |  | $ | 71 |  | $ | 1,081 |  | $ | 17 |  | $ | 6 |  | $ | — |  | $ | 4,069
Schedule of allowance for loan losses and recorded investment in loans by type of loans and based on impairment method |
|  | December 31, 2018
|  | Real Estate |  |  |  |  |  |  |  |  |
|  | Single |  | Multi- |  | Commercial |  |  |  |  |  |  |  | Commercial |  |  |  |  |  |
|  | family |  | family |  | real estate |  | Church |  | Construction |  | – other |  | Consumer |  | Total
|  | (In thousands)
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 53 |  | $ | — |  | $ | — |  | $ | 170 |  | $ | — |  | $ | 4 |  | $ | — |  | $ | 227
Collectively evaluated for impairment |  |  | 316 |  |  | 1,880 |  |  | 52 |  |  | 433 |  |  | 19 |  |  | 2 |  |  | — |  |  | 2,702
Total ending allowance balance |  | $ | 369 |  | $ | 1,880 |  | $ | 52 |  | $ | 603 |  | $ | 19 |  | $ | 6 |  | $ | — |  | $ | 2,929
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | $ | 610 |  | $ | 323 |  | $ | — |  | $ | 5,383 |  | $ | — |  | $ | 64 |  | $ | — |  | $ | 6,380
Loans collectively evaluated for impairment |  |  | 91,567 |  |  | 232,986 |  |  | 5,800 |  |  | 19,713 |  |  | 1,872 |  |  | 162 |  |  | 5 |  |  | 352,105
Total ending loans balance |  | $ | 92,177 |  | $ | 233,309 |  | $ | 5,800 |  | $ | 25,096 |  | $ | 1,872 |  | $ | 226 |  | $ | 5 |  | $ | 358,485
|  | December 31, 2017
|  | Real Estate |  |  |  |  |  |  |  |  |
|  | Single |  | Multi- |  | Commercial |  |  |  |  |  |  |  | Commercial |  |  |  |  |  |
|  | family |  | family |  | real estate |  | Church |  | Construction |  | – other |  | Consumer |  | Total
|  | (In thousands)
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 100 |  | $ | 1 |  | $ | — |  | $ | 479 |  | $ | — |  | $ | 5 |  | $ | — |  | $ | 585
Collectively evaluated for impairment |  |  | 494 |  |  | 2,299 |  |  | 71 |  |  | 602 |  |  | 17 |  |  | 1 |  |  | — |  |  | 3,484
Total ending allowance balance |  | $ | 594 |  | $ | 2,300 |  | $ | 71 |  | $ | 1,081 |  | $ | 17 |  | $ | 6 |  | $ | — |  | $ | 4,069
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | $ | 627 |  | $ | 333 |  | $ | — |  | $ | 8,280 |  | $ | — |  | $ | 65 |  | $ | — |  | $ | 9,305
Loans collectively evaluated for impairment |  |  | 110,897 |  |  | 188,585 |  |  | 6,096 |  |  | 22,232 |  |  | 1,671 |  |  | 127 |  |  | 7 |  |  | 329,615
Total ending loans balance |  | $ | 111,524 |  | $ | 188,918 |  | $ | 6,096 |  | $ | 30,512 |  | $ | 1,671 |  | $ | 192 |  | $ | 7 |  | $ | 338,920
Schedule of loans individually evaluated for impairment by loan type |
|  | December 31, 2018 |  | December 31, 2017
|  |  |  |  |  |  |  | Allowance |  |  |  |  |  |  |  | Allowance
|  | Unpaid |  |  |  |  | for Loan |  | Unpaid |  |  |  |  | for Loan
|  | Principal |  | Recorded |  | Losses |  | Principal |  | Recorded |  | Losses
|  | Balance |  | Investment |  | Allocated |  | Balance |  | Investment |  | Allocated
|  | (In thousands)
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Multi-family |  | $ | 323 |  | $ | 323 |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Church |  |  | 4,666 |  |  | 2,803 |  |  | — |  |  | 5,140 |  |  | 3,291 |  |  | —
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Single family |  |  | 610 |  |  | 610 |  |  | 53 |  |  | 627 |  |  | 627 |  |  | 100
Multi-family |  |  | — |  |  | — |  |  | — |  |  | 333 |  |  | 333 |  |  | 1
Church |  |  | 2,580 |  |  | 2,580 |  |  | 170 |  |  | 5,028 |  |  | 4,989 |  |  | 479
Commercial – other |  |  | 64 |  |  | 64 |  |  | 4 |  |  | 65 |  |  | 65 |  |  | 5
Total |  | $ | 8,243 |  | $ | 6,380 |  | $ | 227 |  | $ | 11,193 |  | $ | 9,305 |  | $ | 585
Schedule of average of loans individually evaluated for impairment by loan type and related interest income |
|  | For the year ended December 31, 2018 |  | For the year ended December 31, 2017
|  |  |  | Cash Basis |  |  |  | Cash Basis
|  | Average |  | Interest |  | Average |  | Interest
|  | Recorded |  | Income |  | Recorded |  | Income
|  | Investment |  | Recognized |  | Investment |  | Recognized
|  |  | (In thousands)
Single family |  | $ | 618 |  | $ | 30 |  | $ | 636 |  | $ | 28
Multi-family |  |  | 329 |  |  | 23 |  |  | 589 |  |  | 44
Commercial real estate |  |  | — |  |  | — |  |  | 305 |  |  | 104
Church |  |  | 7,893 |  |  | 398 |  |  | 9,363 |  |  | 693
Commercial – other |  |  | 64 |  |  | 4 |  |  | 65 |  |  | 6
Total |  | $ | 8,904 |  | $ | 455 |  | $ | 10,958 |  | $ | 875
Schedule of aging of the recorded investment in past due loans by loan type |
|  | December 31, 2018
|  | 30-59 |  | 60-89 |  | Greater than |  |  |  |  |  |  |  |  |
|  | Days |  | Days |  | 90 Days |  | Total |  |  |  |  |
|  | Past Due |  | Past Due |  | Past Due |  | Past Due |  | Current |  | Total
|  | (In thousands) |  |  |
Loans receivable held for investment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Single family |  | $ | 35 |  | $ | — |  | $ | — |  | $ | 35 |  | $ | 92,142 |  | $ | 92,177
Multi-family |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 233,309 |  |  | 233,309
Commercial real estate |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,800 |  |  | 5,800
Church |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 25,096 |  |  | 25,096
Construction |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,872 |  |  | 1,872
Commercial – other |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 226 |  |  | 226
Consumer |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5 |  |  | 5
Total |  | $ | 35 |  | $ | — |  | $ | — |  | $ | 35 |  | $ | 358,450 |  | $ | 358,485
|  | December 31, 2017
|  | 30-59 |  | 60-89 |  | Greater than |  |  |  |  |  |  |  |  |
|  | Days |  | Days |  | 90 Days |  | Total |  |  |  |  |
|  | Past Due |  | Past Due |  | Past Due |  | Past Due |  | Current |  | Total
|  | (In thousands) |  |  |
Loans receivable held for investment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Single family |  | $ | — |  | $ | 50 |  | $ | — |  | $ | 50 |  | $ | 111,474 |  | $ | 111,524
Multi-family |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 188,918 |  |  | 188,918
Commercial real estate |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,096 |  |  | 6,096
Church |  |  | 341 |  |  | — |  |  | — |  |  | 341 |  |  | 30,171 |  |  | 30,512
Construction |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,671 |  |  | 1,671
Commercial – other |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 192 |  |  | 192
Consumer |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 7 |  |  | 7
Total |  | $ | 341 |  | $ | 50 |  | $ | — |  | $ | 391 |  | $ | 338,529 |  | $ | 338,920
Schedule of recorded investment in non-accrual loans by loan type |
|  | December 31, 2018 |  | December 31, 2017
|  | (In thousands)
Loans receivable held for investment: |  |  |  |  |  |
Church |  | $ | 911 |  | $ | 1,766
Total non-accrual loans |  | $ | 911 |  | $ | 1,766
Schedule of risk categories of loans by loan type |
|  | December 31, 2018
|  | Pass |  | Watch |  | Special Mention |  | Substandard |  | Doubtful |  | Loss
|  | (In thousands)
Single family |  | $ | 92,132 |  | $ | — |  | $ | 35 |  | $ | 10 |  | $ | — |  | $ | —
Multi-family |  |  | 232,642 |  |  | — |  |  | — |  |  | 667 |  |  | — |  |  | —
Commercial real estate |  |  | 5,800 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Church |  |  | 19,678 |  |  | 672 |  |  | — |  |  | 4,746 |  |  | — |  |  | —
Construction |  |  | 1,872 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Commercial – other |  |  | 162 |  |  | — |  |  | — |  |  | 64 |  |  | — |  |  | —
Consumer |  |  | 5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total |  | $ | 352,291 |  | $ | 672 |  | $ | 35 |  | $ | 5,487 |  | $ | — |  | $ | —
|  | December 31, 2017
|  | Pass |  | Watch |  | Special Mention |  | Substandard |  | Doubtful |  | Loss
|  | (In thousands)
Single family |  | $ | 111,513 |  | $ | — |  | $ | — |  | $ | 11 |  | $ | — |  | $ | —
Multi-family |  |  | 187,946 |  |  | — |  |  | — |  |  | 972 |  |  | — |  |  | —
Commercial real estate |  |  | 5,974 |  |  | 122 |  |  | — |  |  | — |  |  | — |  |  | —
Church |  |  | 24,474 |  |  | 691 |  |  | — |  |  | 5,347 |  |  | — |  |  | —
Construction |  |  | 1,671 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Commercial – other |  |  | 127 |  |  | — |  |  | — |  |  | 65 |  |  | — |  |  | —
Consumer |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total |  | $ | 331,712 |  | $ | 813 |  | $ | — |  | $ | 6,395 |  | $ | — |  | $ | —

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