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Loans Receivable Held for Investment (Tables) | 3 Months Ended
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Mar. 31, 2019
Loans Receivable Held for Investment |
Schedule of loans receivable held for investment |
|  | March 31, 2019 |  | December 31, 2018
|  | (In thousands)
Real estate: |  |  |  |  |  |
Single family |  | $ | 89,043 |  | $ | 91,835
Multi-family |  |  | 245,551 |  |  | 231,870
Commercial real estate |  |  | 6,890 |  |  | 5,802
Church |  |  | 23,376 |  |  | 25,934
Construction |  |  | 1,749 |  |  | 1,876
Commercial – other |  |  | 234 |  |  | 226
Consumer |  |  | 15 |  |  | 5
Gross loans receivable before deferred loan costs and premiums |  |  | 366,858 |  |  | 357,548
Unamortized net deferred loan costs and premiums |  |  | 1,086 |  |  | 937
Gross loans receivable |  |  | 367,944 |  |  | 358,485
Allowance for loan losses |  |  | (2,929) |  |  | (2,929)
Loans receivable, net |  | $ | 365,015 |  | $ | 355,556
Schedule of activity in the allowance for loan losses by loan type |
|  | Three Months Ended March 31, 2019
|  | Real Estate |  |  |  |  |  |
|  | Single |  | Multi- |  | Commercial |  |  |  |  |  | Commercial |  |  |  |
|  | family |  | family |  | real estate |  | Church |  | Construction |  | - other |  | Consumer |  | Total
|  | (In thousands)
Beginning balance |  | $ | 369 |  | $ | 1,880 |  | $ | 52 |  | $ | 603 |  | $ | 19 |  | $ | 6 |  | $ | — |  | $ | 2,929
Provision for (recapture of) loan losses |  |  | (22) |  |  | 110 |  |  | 10 |  |  | (286) |  |  | (1) |  |  | (1) |  |  | — |  |  | (190)
Recoveries |  |  | — |  |  | — |  |  | — |  |  | 190 |  |  | — |  |  | — |  |  | — |  |  | 190
Loans charged off |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Ending balance |  | $ | 347 |  | $ | 1,990 |  | $ | 62 |  | $ | 507 |  | $ | 18 |  | $ | 5 |  | $ | — |  | $ | 2,929
|  | Three Months Ended March 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 |  |  | (6) |  |  | 208 |  |  | (6) |  |  | (190) |  |  | (6) |  |  | — |  |  | — |  |  | —
Recoveries |  |  | — |  |  | — |  |  | — |  |  | 114 |  |  | — |  |  | — |  |  | — |  |  | 114
Loans charged off |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Ending balance |  | $ | 588 |  | $ | 2,508 |  | $ | 65 |  | $ | 1,005 |  | $ | 11 |  | $ | 6 |  | $ | — |  | $ | 4,183
Schedule of allowance for loan losses and recorded investment in loans by type of loans and based on impairment method |
|  | March 31, 2019
|  | 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 |  | $ | 38 |  | $ | — |  | $ | — |  | $ | 145 |  | $ | — |  | $ | 3 |  | $ | — |  | $ | 186
Collectively evaluated for impairment |  |  | 309 |  |  | 1,990 |  |  | 62 |  |  | 362 |  |  | 18 |  |  | 2 |  |  | — |  |  | 2,743
Total ending allowance balance |  | $ | 347 |  | $ | 1,990 |  | $ | 62 |  | $ | 507 |  | $ | 18 |  | $ | 5 |  | $ | — |  | $ | 2,929
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | $ | 606 |  | $ | 321 |  | $ | — |  | $ | 4,181 |  | $ | — |  | $ | 63 |  | $ | — |  | $ | 5,171
Loans collectively evaluated for impairment |  |  | 88,762 |  |  | 246,683 |  |  | 6,894 |  |  | 18,503 |  |  | 1,745 |  |  | 171 |  |  | 15 |  |  | 362,773
Total ending loans balance |  | $ | 89,368 |  | $ | 247,004 |  | $ | 6,894 |  | $ | 22,684 |  | $ | 1,745 |  | $ | 234 |  | $ | 15 |  | $ | 367,944
|  | 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
Schedule of loans individually evaluated for impairment by loan type |
|  | March 31, 2019 |  | December 31, 2018 |
|  |  |  |  |  | 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 |  | $ | 321 |  | $ | 321 |  | $ | — |  | $ | 323 |  | $ | 323 |  | $ | — |
Church |  |  | 3,492 |  |  | 2,165 |  |  | — |  |  | 4,666 |  |  | 2,803 |  |  | — |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Single family |  |  | 605 |  |  | 606 |  |  | 38 |  |  | 610 |  |  | 610 |  |  | 53 |
Church |  |  | 2,017 |  |  | 2,016 |  |  | 145 |  |  | 2,580 |  |  | 2,580 |  |  | 170 |
Commercial - other |  |  | 63 |  |  | 63 |  |  | 3 |  |  | 64 |  |  | 64 |  |  | 4 |
Total |  | $ | 6,498 |  | $ | 5,171 |  | $ | 186 |  | $ | 8,243 |  | $ | 6,380 |  | $ | 227 |
Schedule of average of loans individually evaluated for impairment by loan type and related interest income |
|  | Three Months Ended March 31, 2019 |  | Three Months Ended March 31, 2018
|  |  |  | Cash Basis |  |  |  | Cash Basis
|  | Average |  | Interest |  | Average |  | Interest
|  | Recorded |  | Income |  | Recorded |  | Income
|  | Investment |  | Recognized |  | Investment |  | Recognized
|  | (In thousands)
Single family |  | $ | 608 |  | $ | 8 |  | $ | 625 |  | $ | 8
Multi-family |  |  | 322 |  |  | 6 |  |  | 332 |  |  | 6
Church |  |  | 5,001 |  |  | 430 |  |  | 7,981 |  |  | 174
Commercial – other |  |  | 64 |  |  | 1 |  |  | 65 |  |  | 1
Total |  | $ | 5,995 |  | $ | 445 |  | $ | 9,003 |  | $ | 189
Schedule of aging of the recorded investment in past due loans by loan type |
|  | March 31, 2019
|  |  |  |  |  | Greater |  |  |  |  |  |
|  | 30-59 |  | 60-89 |  | 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 |  | $ | — |  | $ | — |  | $ | 34 |  | $ | 34 |  | $ | 89,334 |  | $ | 89,368
Multi-family |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 247,004 |  |  | 247,004
Commercial real estate |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,894 |  |  | 6,894
Church |  |  | 259 |  |  | 283 |  |  | — |  |  | 542 |  |  | 22,142 |  |  | 22,684
Construction |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,745 |  |  | 1,745
Commercial - other |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 234 |  |  | 234
Consumer |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 15 |  |  | 15
Total |  | $ | 259 |  | $ | 283 |  | $ | 34 |  | $ | 576 |  | $ | 367,368 |  | $ | 367,944
|  | December 31, 2018
|  |  |  |  |  | Greater |  |  |  |  |  |
|  | 30-59 |  | 60-89 |  | 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
Schedule of recorded investment in non-accrual loans by loan type |
|  | March 31, 2019 |  | December 31, 2018
|  | (In thousands)
Loans receivable held for investment: |  |  |  |  |  |
Single-family residence |  | $ | 34 |  | $ | —
Church |  |  | 748 |  |  | 911
Total non-accrual loans |  | $ | 782 |  | $ | 911
Schedule of risk categories of loans by loan type |
|  | March 31, 2019
|  | Pass |  | Watch |  | Special Mention |  | Substandard |  | Doubtful |  | Loss
|  | (In thousands)
Single family |  | $ | 89,324 |  | $ | — |  | $ | — |  | $ | 44 |  | $ | — |  | $ | —
Multi-family |  |  | 245,808 |  |  | — |  |  | 536 |  |  | 660 |  |  | — |  |  | —
Commercial real estate |  |  | 6,894 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Church |  |  | 17,670 |  |  | 667 |  |  | 259 |  |  | 4,088 |  |  | — |  |  | —
Construction |  |  | 1,745 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Commercial - other |  |  | 171 |  |  | — |  |  | — |  |  | 63 |  |  | — |  |  | —
Consumer |  |  | 15 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total |  | $ | 361,627 |  | $ | 667 |  | $ | 795 |  | $ | 4,855 |  | $ | — |  | $ | —
|  | 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 |  | $ | — |  | $ | —

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953659-111524 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=82894031&loc=SL6953803-111525 + Details
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