XML 39 R30.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Loans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Receivables [Abstract] |
Schedule of components of loans | The components of loans are as follows (in thousands):
|  | At December 31,
|  | 2015 |  | 2014
Residential real estate |  | $ | 16,024 |  |  | $ | 21,276 |
Multi-family real estate |  |  | 3,697 |  |  |  | 1,979 |
Commercial real estate |  |  | 29,029 |  |  |  | 31,255 |
Land and construction |  |  | 5,258 |  |  |  | 6,177 |
Commercial |  |  | 27,691 |  |  |  | 17,180 |
Consumer |  |  | 3,015 |  |  |  | 20 |
Total loans |  |  | 84,714 |  |  |  | 77,887 |
Add (deduct): |  |  |  |  |  |  |  |
Net deferred loan fees, costs and premiums |  |  | 154 |  |  |  | 186 |
Allowance for loan losses |  |  | (2,295 | ) |  |  | (2,244 | )
Loans, net |  | $ | 82,573 |  |  | $ | 75,829 |
Schedule of activity in the allowance for loan losses | An analysis of the change in the allowance for loan losses for the years ended December 31, 2015 and 2014 follows (in thousands):
|  | Residential Real Estate |  | Multi-Family Real Estate |  | Commercial Real Estate |  | Land and Construction |  | Commercial |  | Consumer |  | Unallocated |  | Total |
Year Ended December 31, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 65 |  | $ | 2 |  | $ | 1,589 |  | $ | 99 |  | $ | 22 |  | $ | — |  | $ | 467 |  | $ | 2,244 |
(Credit) provision for loan losses |  |  | 35 |  |  | 24 |  |  | (579 | ) |  | (44 | ) |  | 132 |  |  | 138 |  |  | 294 |  |  | — |
Charge-offs |  |  | (289 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (289 | )
Recoveries |  |  | 305 |  |  | — |  |  | — |  |  | 22 |  |  | — |  |  | 13 |  |  | — |  |  | 340 |
Ending balance |  | $ | 116 |  | $ | 26 |  | $ | 1,010 |  | $ | 77 |  | $ | 154 |  | $ | 151 |  | $ | 761 |  | $ | 2,295 |
Year Ended December 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 49 |  | $ | 4 |  | $ | 934 |  | $ | 458 |  | $ | 61 |  | $ | — |  | $ | 705 |  | $ | 2,211 |
(Credit) provision for loan losses |  |  | (4 | ) |  | (2 | ) |  | 655 |  |  | (359 | ) |  | (39 | ) |  | (13 | ) |  | (238 | ) |  | — |
Charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Recoveries |  |  | 20 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | 33 |
Ending balance |  | $ | 65 |  | $ | 2 |  | $ | 1,589 |  | $ | 99 |  | $ | 22 |  | $ | — |  | $ | 467 |  | $ | 2,244 |
The balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2015 and 2014 follows (in thousands):
|  | Residential Real Estate |  | Multi-Family Real Estate |  | Commercial Real Estate |  | Land and Construction |  | Commercial |  | Consumer |  | Unallocated |  | Total |
At December 31, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recorded investment |  | $ | 1,071 |  | $ | — |  | $ | 2,147 |  | $ | — |  | $ | 2,126 |  | $ | — |  | $ | — |  | $ | 5,344 |
Balance in allowance for loan losses |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 13 |  | $ | — |  | $ | — |  | $ | 13 |
Collectively evaluated for impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recorded investment |  | $ | 14,953 |  | $ | 3,697 |  | $ | 26,882 |  | $ | 5,258 |  | $ | 25,565 |  | $ | 3,015 |  | $ | — |  | $ | 79,370 |
Balance in allowance for loan losses |  | $ | 116 |  | $ | 26 |  | $ | 1,010 |  | $ | 77 |  | $ | 141 |  | $ | 151 |  | $ | 761 |  | $ | 2,282 |
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) |  |  | Substandard |  |  | Doubtful |  |  | Loss |  |  | Total |
At December 31, 2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  | $ | 14,953 |  |  | $ | — |  |  | $ | 1,071 |  |  | $ | — |  |  | $ | — |  |  | $ | 16,024 |
Multi-family real estate |  |  | 3,697 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,697 |
Commercial real estate |  |  | 26,309 |  |  |  | 573 |  |  |  | 2,147 |  |  |  | — |  |  |  | — |  |  |  | 29,029 |
Land and construction |  |  | 5,212 |  |  |  | 46 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,258 |
Commercial |  |  | 23,711 |  |  |  | — |  |  |  | 3,980 |  |  |  | — |  |  |  | — |  |  |  | 27,691 |
Consumer |  |  | 3,015 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,015 |
Total |  | $ | 76,897 |  |  | $ | 619 |  |  | $ | 7,198 |  |  | $ | — |  |  | $ | — |  |  | $ | 84,714 |
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 December 31, 2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 14,953 |  | $ | 1,071 |  | $ | 16,024 |
Multi-family real estate |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,697 |  |  | — |  |  | 3,697 |
Commercial real estate |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 26,882 |  |  | 2,147 |  |  | 29,029 |
Land and construction |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,258 |  |  | — |  |  | 5,258 |
Commercial |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 26,606 |  |  | 1,085 |  |  | 27,691 |
Consumer |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,015 |  |  | — |  |  | 3,015 |
Total |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 80,411 |  | $ | 4,303 |  | $ | 84,714 |
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 December 31, 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 |  | $ | 1,071 |  | $ | 1,196 |  | $ | — |  | $ | 4,838 |  | $ | 5,345 |  | $ | — |
Commercial real estate |  |  | 2,147 |  |  | 3,960 |  |  | — |  |  | 4,096 |  |  | 5,910 |  |  | — |
Commercial |  |  | 1,085 |  |  | 1,326 |  |  | — |  |  | 1,151 |  |  | 1,392 |  |  | — |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 1,041 |  | $ | 1,041 |  | $ | 13 |  | $ | — |  | $ | — |  | $ | — |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  | $ | 1,071 |  | $ | 1,196 |  | $ | — |  | $ | 4,838 |  | $ | 5,345 |  | $ | — |
Commercial real estate |  | $ | 2,147 |  | $ | 3,960 |  | $ | — |  | $ | 4,096 |  | $ | 5,910 |  | $ | — |
Commercial |  | $ | 2,126 |  | $ | 2,367 |  | $ | 13 |  | $ | 1,151 |  | $ | 1,392 |  | $ | — |
Total |  | $ | 5,344 |  | $ | 7,523 |  | $ | 13 |  | $ | 10,085 |  | $ | 12,647 |  | $ | — |
The average net investment in impaired loans and interest income recognized and received on impaired loans are as follows (in thousands):
|  | For the Year Ended December 31, |
|  | 2015 |  | 2014 |
|  | Average Recorded Investment |  | Interest Income Recognized |  | Interest Income Received |  | Average Recorded Investment |  | Interest Income Recognized |  | Interest Income Received |
Residential real estate |  | $ | 4,473 |  | $ | 175 |  | $ | 236 |  | $ | 5,929 |  | $ | 421 |  | $ | 317 |
Commercial real estate |  | $ | 3,496 |  | $ | 57 |  | $ | 172 |  | $ | 4,421 |  | $ | 253 |  | $ | 204 |
Commercial |  | $ | 1,464 |  | $ | 18 |  | $ | 84 |  | $ | 1,181 |  | $ | — |  | $ | 66 |
Total |  | $ | 9,433 |  | $ | 250 |  | $ | 492 |  | $ | 11,531 |  | $ | 674 |  | $ | 587 |

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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953423-111524 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953659-111524 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of impaired financing receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=49124121&loc=d3e5212-111524 + Details
Name: | us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=49124121&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953401-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration