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Loans (Tables)

9 Months Ended

Sep. 30, 2015

Receivables [Abstract]

Schedule of components of loans

The components of loans are as follows (in thousands):

		At September 30,				At December 31,
		2015				2014
Residential real estate		$	18,179			$	21,276
Multi-family real estate			3,718				1,979
Commercial real estate			29,916				31,255
Land and construction			5,283				6,177
Commercial			18,843				17,180
Consumer			2,952				20
Total loans			78,891				77,887
Add (deduct):
Net deferred loan fees, costs and premiums			146				186
Allowance for loan losses			(1,987	)			(2,244	)
Loans, net		$	77,050			$	75,829

Schedule of activity in the allowance for loan losses

An analysis of the change in the allowance for loan losses follows (in thousands):

		Residential				Multi-Family				Commercial				Land
		Real				Real				Real				and
		Estate				Estate				Estate				Construction				Commercial				Consumer				Unallocated				Total
Three Months Ended September 30, 2015:
Beginning balance		$	48			$	24			$	1,365			$	34			$	98			$	147			$	463			$	2,179
Provision (credit) for loan losses			181				(13	)			(140	)			14				(48	)			16				(10	)			—
Charge-offs			(195	)			—				—				—				—				—				—				(195	)
Recoveries			—				—				—				—				—				3				—				3
Ending balance		$	34			$	11			$	1,225			$	48			$	50			$	166			$	453			$	1,987
Nine Months Ended September 30, 2015:
Beginning balance		$	65			$	2			$	1,589			$	99			$	22			$	0			$	467			$	2,244
Provision (credit) for loan losses			236				9				(364	)			(51	)			28				156				(14	)			—
Charge-offs			(267	)			—				—				—				—				—				—				(267	)
Recoveries			—				—				—				—				—				10				—				10
Ending balance		$	34			$	11			$	1,225			$	48			$	50			$	166			$	453			$	1,987
Three Months Ended September 30, 2014:
Beginning balance		$	55			$	7			$	1,270			$	432			$	66			$	—			$	408			$	2,238
Provision (credit) for loan losses			(42	)			(4	)			331				(368	)			(57	)			(3	)			143				—
Charge-offs			—				—				—				—				—				—				—				—
Recoveries			—				—				—				—				—				3				—				3
Ending balance		$	13			$	3			$	1,601			$	64			$	9			$	—			$	551			$	2,241
Nine Months Ended September 30, 2014:
Beginning balance		$	49			$	4			$	934			$	458			$	61			$	—			$	705			$	2,211
Provision (credit) for loan losses			(56	)			(1	)			667				(394	)			(52	)			(10	)			(154	)			—
Charge-offs			—				—				—				—				—				—				—				—
Recoveries			20				—				—				—				—				10				—				30
Ending balance		$	13			$	3			$	1,601			$	64			$	9			$	—			$	551			$	2,241
At September 30, 2015:
Individually evaluated for impairment:
Recorded investment		$	2,915			$	—			$	2,153			$	—			$	2,136			$	—			$	—			$	7,204
Balance in allowance for loan losses		$	—			$	—			$	—			$	—			$	14			$	—			$	—			$	14
Collectively evaluated for impairment:
Recorded investment		$	15,264			$	3,718			$	27,763			$	5,283			$	16,804			$	2,952			$	—			$	71,784
Balance in allowance for loan losses		$	34			$	11			$	1,225			$	48			$	36			$	166			$	453			$	1,973
At December 31, 2014:
Individually evaluated for impairment:
Recorded investment		$	4,838			$	—			$	4,096			$	—			$	1,151			$	—			$	—			$	10,085
Balance in allowance for loan losses		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—
Collectively evaluated for impairment:
Recorded investment		$	16,438			$	1,979			$	27,159			$	6,177			$	16,029			$	20			$	—			$	67,802
Balance in allowance for loan losses		$	65			$	2			$	1,589			$	99			$	22			$	—			$	467			$	2,244

Schedule of loans by credit quality indicator

The following summarizes the loan credit quality (in thousands):

		Pass				OLEM (Other Loans Especially Mentioned)				Sub- standard				Doubtful				Loss				Total
At September 30, 2015:
Residential real estate		$	15,263			$	350			$	2,566			$	—			$	—			$	18,179
Multi-family real estate			3,718				—				—				—				—				3,718
Commercial real estate			27,182				580				2,154				—				—				29,916
Land and construction			5,236				47				—				—				—				5,283
Commercial			14,789				—				4,054				—				—				18,843
Consumer			2,952				—				—				—				—				2,952
Total		$	69,140			$	977			$	8,774			$	—			$	—			$	78,891
At December 31, 2014:
Residential real estate		$	15,170			$	—			$	6,106			$	—			$	—			$	21,276
Multi-family real estate			1,979				—				—				—								1,979
Commercial real estate			28,391				602				2,262				—				—				31,255
Land and construction			4,232				1,945				—				—				—				6,177
Commercial			12,938				—				4,242				—				—				17,180
Consumer			20				—				—				—				—				20
Total		$	62,730			$	2,547			$	12,610			$	—			$	—			$	77,887

Schedule of aging analysis of past due loans

Age analysis of past-due loans is as follows (in thousands):

		Accruing Loans
		30-59 Days Past Due				60-89 Days Past Due				Greater Than 90 Days Past Due				Total Past Due				Current				Nonaccrual Loans				Total Loans
At September 30, 2015:
Residential real estate		$	—			$	—			$	—			$	—			$	15,613			$	2,566			$	18,179
Multi-family real estate			—				—				—				—				3,718				—				3,718
Commercial real estate			1,386				—				—				1,386				26,377				2,153				29,916
Land and construction			—				—				—				—				5,283				—				5,283
Commercial			—				—				—				—				17,742				1,101				18,843
Consumer			—				—				—				—				2,952				—				2,952
Total		$	1,386			$	—			$				$	1,386			$	71,685			$	5,820			$	78,891
At December 31, 2014:
Residential real estate		$	—			$	1,267			$	—			$	1,267			$	17,910			$	2,099			$	21,276
Multi-family real estate			—				—				—				—				1,979				—				1,979
Commercial real estate			293				—				—				293				29,895				1,067				31,255
Land and construction			—				—				—				—				6,177				—				6,177
Commercial			—				—				—				—				16,029				1,151				17,180
Consumer			—				—				—				—				20				—				20
Total		$	293			$	1,267			$	—			$	1,560			$	72,010			$	4,317			$	77,887

Schedule of impaired loans

The following summarizes the amount of impaired loans (in thousands):

		At September 30, 2015												At December 31, 2014
			Recorded Investment				Unpaid Principal Balance				Related Allowance				Recorded Investment				Unpaid Principal Balance				Related Allowance
With no related allowance recorded:
Residential real estate		$	2,915			$	3,689			$	—			$	4,838			$	5,345			$	—
Commercial real estate			2,153				3,967				—				4,096				5,910				—
Commercial			1,101				1,343				—				1,151				1,392				—
With an allowance recorded:
Commercial		$	1,035			$	1,048			$	14
Total:
Residential real estate		$	2,915			$	3,689			$	—
Commercial real estate		$	2,153			$	3,967			$	—
Commercial		$	2,136			$	2,391			$	14
Total		$	7,204			$	10,047			$	14

X

- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

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-Publisher FASB



-Name Accounting Standards Codification



-Topic 310



-SubTopic 10



-Section 50



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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://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



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-Section 55



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Tabular disclosure of impaired financing receivables.

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Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

+ References

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-Publisher FASB



-Name Accounting Standards Codification



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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

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