Schedule of changes in the allowance for loan losses

The following tables outline the changes in the allowance for loan losses by collateral type for the six months ended June 30, 2021 and June 30, 2020.


	For the Six Months Ended June 30, 2021
			(Reversal)
	Beginning		Provision for loan						Ending
(Dollars in thousands)	Balance		losses		Charge-offs		Recoveries		Balance
Allowance for Loan Losses
One- to four-family residential	$	1,910	$	(199)	$	(117)	$	35	$	1,629
Commercial real estate		744		(31)		—		—		713
Construction & land		81		(26)		—		—		55
Multi-family residential		68		(7)		—		—		61
Farmland		1		(1)		—		—		—
Consumer		78		(12)		(15)		10		61
Commercial and industrial		101		2		—		—		103
Unallocated		39		(12)		—		—		27
Total	$	3,022	$	(286)	$	(132)	$	45	$	2,649


	For the Six Months Ended June 30, 2020
	Beginning		Provision for loan						Ending
(Dollars in thousands)	Balance		losses		Charge-offs		Recoveries		Balance
Allowance for Loan Losses
One- to four-family residential	$	1,162	$	(58)	$	(20)	$	27	$	1,111
Commercial real estate		637		24		—		—		661
Construction & land		56		3		—		—		59
Multi-family residential		76		(3)		—		1		74
Farmland		1		—		—		—		1
Consumer		80		(3)		(16)		5		66
Commercial and industrial		12		91		(15)		—		88
Unallocated		47		11		—		—		58
Total	$	2,071	$	65	$	(51)	$	33	$	2,118

NOTE 4 LOANS RECEIVABLE (Continued)

The following tables outline the changes in the allowance for loan losses individually and collectively evaluated for impairment, and the amount of loans individually and collectively evaluated for impairment at June 30, 2021 and December 31, 2020.


	As of June 30, 2021						As of December 31, 2020
	Individually		Collectively				Individually		Collectively
	Evaluated for		Evaluated for				Evaluated for		Evaluated for
(Dollars in thousands)	Impairment		Impairment		Total		Impairment		Impairment		Total
Allowance for Loan Losses Ending Balance
One- to four-family residential	$	556	$	1,073	$	1,629	$	599	$	1,311	$	1,910
Commercial real estate		—		713		713		—		744		744
Construction & land		—		55		55		—		81		81
Multi-family residential		—		61		61		—		68		68
Farmland		—		—		—		—		1		1
Consumer		—		61		61		—		78		78
Commercial and industrial		—		103		103		—		101		101
Unallocated		—		27		27		—		39		39
Total	$	556	$	2,093	$	2,649	$	599	$	2,423	$	3,022
Loans Receivable Ending Balance
One- to four-family residential	$	2,920	$	88,858	$	91,778	$	3,209	$	96,660	$	99,869
Commercial real estate		—		28,217		28,217		—		30,304		30,304
Construction & land		46		4,481		4,527		46		5,492		5,538
Multi-family residential		1,186		3,158		4,344		1,205		3,596		4,801
Farmland		—		27		27		—		53		53
Consumer		—		4,667		4,667		—		4,499		4,499
Commercial and industrial		3		7,036		7,039		4		6,732		6,736
Total	$	4,155	$	136,444	$	140,599	$	4,464	$	147,336	$	151,800

Schedule of troubled debt restructuring


		Pre-modification		Post-modification
		Outstanding		Outstanding
	Number of	Recorded		Recorded
(Dollars in thousands)	Contracts	Investment		Investment
June 30, 2021
One- to four-family residential	2	$	140	$	142
Total	2	$	140	$	142


		Pre-modification		Post-modification
		Outstanding		Outstanding
	Number of	Recorded		Recorded
(Dollars in thousands)	Contracts	Investment		Investment
December 31, 2020
One- to four-family residential	18	$	2,643	$	2,703
Total	18	$	2,643	$	2,703

Schedule of credit quality indicators

The information for each of the credit quality indicators is updated on a quarterly basis in conjunction with the determination of the adequacy of the allowance for loan losses.


	As of and for the Six Months ended June 30, 2021
			Special
(Dollars in thousands)	Pass		Mention		Substandard		Doubtful		Total
One- to four-family residential	$	87,347	$	360	$	4,071	$	—	$	91,778
Commercial real estate		27,172		983		62		—		28,217
Construction & land		4,433		—		94		—		4,527
Multi-family residential		3,157		—		1,187		—		4,344
Farmland		27		—		—		—		27
Consumer		4,658		—		9		—		4,667
Commercial & industrial		7,036		—		3		—		7,039
Total	$	133,830	$	1,343	$	5,426	$	—	$	140,599


	As of and for the Year ended December 31, 2020
			Special
(Dollars in thousands)	Pass		Mention		Substandard		Doubtful		Total
One- to four-family residential	$	93,008	$	1,915	$	4,946	$	—	$	99,869
Commercial real estate		28,217		2,022		65		—		30,304
Construction & land		5,310		133		95		—		5,538
Multi-family residential		3,457		—		1,344		—		4,801
Farmland		53		—		—		—		53
Consumer		4,434		33		32		—		4,499
Commercial & industrial		6,542		171		23		—		6,736
Total	$	141,021	$	4,274	$	6,505	$	—	$	151,800