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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

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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://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

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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

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- 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

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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.

+ 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

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