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Loans Receivable Held for Investment (Tables) | 6 Months Ended
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Jun. 30, 2019
Loans Receivable Held for Investment |
Schedule of loans receivable held for investment |
|  | June 30, 2019 |  | December 31, 2018
|  | (In thousands)
Real estate: |  |  |  |  |  |
Single family |  | $ | 85,107 |  | $ | 91,835
Multi-family |  |  | 238,718 |  |  | 231,870
Commercial real estate |  |  | 6,429 |  |  | 5,802
Church |  |  | 22,553 |  |  | 25,934
Construction |  |  | 2,246 |  |  | 1,876
Commercial – other |  |  | 264 |  |  | 226
Consumer |  |  | 12 |  |  | 5
Gross loans receivable before deferred loan costs and premiums |  |  | 355,329 |  |  | 357,548
Unamortized net deferred loan costs and premiums |  |  | 784 |  |  | 937
Gross loans receivable |  |  | 356,113 |  |  | 358,485
Allowance for loan losses |  |  | (2,771) |  |  | (2,929)
Loans receivable, net |  | $ | 353,342 |  | $ | 355,556
Schedule of activity in the allowance for loan losses by loan type |
|  | Three Months Ended June 30, 2019
|  | Real Estate |  |  |  |  |  |
|  | Single |  | Multi- |  | Commercial |  |  |  |  |  | Commercial |  |  |  |
|  | family |  | family |  | real estate |  | Church |  | Construction |  | - other |  | Consumer |  | Total
|  | (In thousands)
Beginning balance |  | $ | 347 |  | $ | 1,990 |  | $ | 62 |  | $ | 507 |  | $ | 18 |  | $ | 5 |  | $ | — |  | $ | 2,929
Provision for (recapture of) loan losses |  |  | (19) |  |  | (58) |  |  | (4) |  |  | (106) |  |  | 26 |  |  | — |  |  | 3 |  |  | (158)
Recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Loans charged off |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Ending balance |  | $ | 328 |  | $ | 1,932 |  | $ | 58 |  | $ | 401 |  | $ | 44 |  | $ | 5 |  | $ | 3 |  | $ | 2,771
|  | Three Months Ended June 30, 2018
|  | Real Estate |  |  |  |  |  |
|  | Single |  | Multi- |  | Commercial |  |  |  |  |  | Commercial |  |  |  |
|  | family |  | family |  | real estate |  | Church |  | Construction |  | - other |  | Consumer |  | Total
|  | (In thousands)
Beginning balance |  | $ | 588 |  | $ | 2,508 |  | $ | 65 |  | $ | 1,005 |  | $ | 11 |  | $ | 6 |  | $ | — |  | $ | 4,183
Provision for (recapture of) loan losses |  |  | (71) |  |  | 148 |  |  | (4) |  |  | (80) |  |  | 7 |  |  | — |  |  | — |  |  | —
Recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Loans charged off |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Ending balance |  | $ | 517 |  | $ | 2,656 |  | $ | 61 |  | $ | 925 |  | $ | 18 |  | $ | 6 |  | $ | — |  | $ | 4,183
|  | Six Months Ended June 30, 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 |  |  | (41) |  |  | 52 |  |  | 6 |  |  | (392) |  |  | 25 |  |  | (1) |  |  | 3 |  |  | (348)
Recoveries |  |  | — |  |  | — |  |  | — |  |  | 190 |  |  | — |  |  | — |  |  | — |  |  | 190
Loans charged off |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Ending balance |  | $ | 328 |  | $ | 1,932 |  | $ | 58 |  | $ | 401 |  | $ | 44 |  | $ | 5 |  | $ | 3 |  | $ | 2,771
|  | Six Months Ended June 30, 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 |  |  | (77) |  |  | 356 |  |  | (10) |  |  | (270) |  |  | 1 |  |  | — |  |  | — |  |  | —
Recoveries |  |  | — |  |  | — |  |  | — |  |  | 114 |  |  | — |  |  | — |  |  | — |  |  | 114
Loans charged off |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Ending balance |  | $ | 517 |  | $ | 2,656 |  | $ | 61 |  | $ | 925 |  | $ | 18 |  | $ | 6 |  | $ | — |  | $ | 4,183
Schedule of allowance for loan losses and recorded investment in loans by type of loans and based on impairment method |
|  | June 30, 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 |  | $ | 37 |  | $ | — |  | $ | — |  | $ | 96 |  | $ | — |  | $ | 3 |  | $ | — |  | $ | 136
Collectively evaluated for impairment |  |  | 291 |  |  | 1,932 |  |  | 58 |  |  | 305 |  |  | 44 |  |  | 2 |  |  | 3 |  |  | 2,635
Total ending allowance balance |  | $ | 328 |  | $ | 1,932 |  | $ | 58 |  | $ | 401 |  | $ | 44 |  | $ | 5 |  | $ | 3 |  | $ | 2,771
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | $ | 636 |  | $ | 318 |  | $ | — |  | $ | 4,703 |  | $ | — |  | $ | 63 |  | $ | — |  | $ | 5,720
Loans collectively evaluated for impairment |  |  | 84,755 |  |  | 239,582 |  |  | 6,436 |  |  | 17,165 |  |  | 2,242 |  |  | 201 |  |  | 12 |  |  | 350,393
Total ending loans balance |  | $ | 85,391 |  | $ | 239,900 |  | $ | 6,436 |  | $ | 21,868 |  | $ | 2,242 |  | $ | 264 |  | $ | 12 |  | $ | 356,113
|  | 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 |
|  | June 30, 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: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Single family |  | $ | 34 |  | $ | 34 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Multi-family |  | $ | 318 |  | $ | 318 |  | $ | — |  | $ | 323 |  | $ | 323 |  | $ | — |
Church |  | $ | 4,079 |  | $ | 2,723 |  | $ | — |  | $ | 4,666 |  | $ | 2,803 |  | $ | — |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Single family |  |  | 602 |  |  | 602 |  |  | 37 |  |  | 610 |  |  | 610 |  |  | 53 |
Church |  |  | 1,980 |  |  | 1,980 |  |  | 96 |  |  | 2,580 |  |  | 2,580 |  |  | 170 |
Commercial - other |  |  | 63 |  |  | 63 |  |  | 3 |  |  | 64 |  |  | 64 |  |  | 4 |
Total |  | $ | 7,076 |  | $ | 5,720 |  | $ | 136 |  | $ | 8,243 |  | $ | 6,380 |  | $ | 227 |
Schedule of average of loans individually evaluated for impairment by loan type and related interest income |
|  | Three Months Ended June 30, 2019 |  | Three Months Ended June 30, 2018
|  |  |  | Cash Basis |  |  |  | Cash Basis
|  | Average |  | Interest |  | Average |  | Interest
|  | Recorded |  | Income |  | Recorded |  | Income
|  | Investment |  | Recognized |  | Investment |  | Recognized
|  | (In thousands)
Single family |  | $ | 638 |  | $ | 5 |  | $ | 620 |  | $ | 7
Multi-family |  |  | 320 |  |  | 5 |  |  | 331 |  |  | 6
Church |  |  | 4,741 |  |  | 402 |  |  | 7,692 |  |  | 112
Commercial – other |  |  | 63 |  |  | — |  |  | 65 |  |  | 1
Total |  | $ | 5,762 |  | $ | 412 |  | $ | 8,708 |  | $ | 126
|  | Six Months Ended June 30, 2019 |  | Six Months Ended June 30, 2018
|  |  |  | Cash Basis |  |  |  | Cash Basis
|  | Average |  | Interest |  | Average |  | Interest
|  | Recorded |  | Income |  | Recorded |  | Income
|  | Investment |  | Recognized |  | Investment |  | Recognized
|  | (In thousands)
Single family |  | $ | 640 |  | $ | 15 |  | $ | 622 |  | $ | 15
Multi-family |  |  | 321 |  |  | 11 |  |  | 331 |  |  | 12
Church |  |  | 5,383 |  |  | 517 |  |  | 7,849 |  |  | 286
Commercial – other |  |  | 64 |  |  | 2 |  |  | 65 |  |  | 2
Total |  | $ | 6,408 |  | $ | 545 |  | $ | 8,867 |  | $ | 315
Schedule of aging of the recorded investment in past due loans by loan type |
|  | June 30, 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 |  | $ | 36 |  | $ | — |  | $ | 34 |  | $ | 70 |  | $ | 85,321 |  | $ | 85,391
Multi-family |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 239,900 |  |  | 239,900
Commercial real estate |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,436 |  |  | 6,436
Church |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 21,868 |  |  | 21,868
Construction |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,242 |  |  | 2,242
Commercial - other |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 264 |  |  | 264
Consumer |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12 |  |  | 12
Total |  | $ | 36 |  | $ | — |  | $ | 34 |  | $ | 70 |  | $ | 356,043 |  | $ | 356,113
|  | 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 |
|  | June 30, 2019 |  | December 31, 2018
|  | (In thousands)
Loans receivable held for investment: |  |  |  |  |  |
Single-family residence |  | $ | 34 |  | $ | —
Church |  | $ | 694 |  | $ | 911
Total non-accrual loans |  | $ | 728 |  | $ | 911
Schedule of risk categories of loans by loan type |
|  | June 30, 2019
|  | Pass |  | Watch |  | Special Mention |  | Substandard |  | Doubtful |  | Loss
|  | (In thousands)
Single family |  | $ | 85,348 |  | $ | — |  | $ | — |  | $ | 43 |  | $ | — |  | $ | —
Multi-family |  |  | 238,714 |  |  | — |  |  | 532 |  |  | 654 |  |  | — |  |  | —
Commercial real estate |  |  | 6,436 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Church |  |  | 17,179 |  |  | 418 |  |  | 255 |  |  | 4,016 |  |  | — |  |  | —
Construction |  |  | 2,242 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Commercial - other |  |  | 201 |  |  | — |  |  | — |  |  | 63 |  |  | — |  |  | —
Consumer |  |  | 12 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total |  | $ | 350,132 |  | $ | 418 |  | $ | 787 |  | $ | 4,776 |  | $ | — |  | $ | —
|  | 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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