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Loans (Tables)

3 Months Ended

Mar. 31, 2017

Receivables [Abstract]

Schedule of components of loans

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

		At March 31, 2017				At December 31, 2016
Residential real estate		$	26,841			$	27,334
Multi-family real estate			7,254				5,829
Commercial real estate			31,424				29,264
Land and construction			3,011				5,681
Commercial			8,997				10,514
Consumer			1,513				1,829
Total loans			79,040				80,451
Add (deduct):
Net deferred loan fees, costs and premiums			407				463
Allowance for loan losses			(3,915	)			(3,915	)
Loans, net		$	75,532			$	76,999

Schedule of change in the allowance for loan losses

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

		Residential Real Estate				Multi-Family Real Estate				Commercial Real Estate				Land and Construction				Commercial				Consumer				Unallocated				Total
Three Months Ended March 31, 2017:
Beginning balance		$	310			$	58			$	787			$	120			$	188			$	165			$	2,287			$	3,915
(Credit) provision for loan losses			(8	)			15				31				(61	)			(62	)			(7	)			92				—
Charge-offs			—				—				—				—				—				(9	)			—				(9	)
Recoveries			—				—				—				6				—				3				—				9
Ending balance		$	302			$	73			$	818			$	65			$	126			$	152			$	2,379			$	3,915
Three Months Ended March 31, 2016:
Beginning balance		$	116			$	26			$	1,085			$	77			$	120			$	151			$	720			$	2,295
Provision (credit) for loan losses			152				14				(1,722	)			(2	)			92				29				1,437				—
Charge-offs			—				—				—				—				—				(32	)			—				(32	)
Recoveries			—				—				1,808				6				—				3				—				1,817
Ending balance		$	268			$	40			$	1,171			$	81			$	212			$	151			$	2,157			$	4,080
		Residential Real Estate				Multi- Family Real Estate				Commercial Real Estate				Land and Construction				Commercial				Consumer				Unallocated				Total
At March 31, 2017:
Individually evaluated for impairment:
Recorded investment		$	372			$	—			$	996			$	—			$	—			$	—			$	—			$	1,368
Balance in allowance for loan losses		$	—			$	—			$	103			$	—			$	—			$	—			$	—			$	103
Collectively evaluated for impairment:
Recorded investment		$	26,469			$	7,254			$	30,428			$	3,011			$	8,997			$	1,513			$	—			$	77,672
Balance in allowance for loan losses		$	302			$	73			$	715			$	65			$	126			$	152			$	2,379			$	3,812
At December 31, 2016:
Individually evaluated for impairment:
Recorded investment		$	375			$	—			$	1,004			$	—			$	—			$	—			$	—			$	1,379
Balance in allowance for loan losses		$	—			$	—			$	104			$	—			$	—			$	—			$	—			$	104
Collectively evaluated for impairment:
Recorded investment		$	26,959			$	5,829			$	28,260			$	5,681			$	10,514			$	1,829			$	—			$	79,072
Balance in allowance for loan losses		$	310			$	58			$	683			$	120			$	188			$	165			$	2,287			$	3,811

Schedule of loans by credit quality

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

		Pass				OLEM (Other Loans Especially Mentioned)				Sub- standard				Doubtful				Loss				Total
At March 31, 2017:
Residential real estate		$	23,060			$	3,409			$	372			$	—			$	—			$	26,841
Multi-family real estate			7,254				—				—				—				—				7,254
Commercial real estate			26,977				3,451				996				—				—				31,424
Land and construction			1,246				1,765				—				—				—				3,011
Commercial			8,997				—				—				—				—				8,997
Consumer			1,488				—				25				—				—				1,513
Total		$	69,022			$	8,625			$	1,393			$	—			$	—			$	79,040
At December 31, 2016:
Residential real estate		$	25,326			$	1,633			$	375			$	—			$	—			$	27,334
Multi-family real estate			5,829				—				—				—				—				5,829
Commercial real estate			25,979				1,174				2,111				—				—				29,264
Land and construction			5,636				45				—				—				—				5,681
Commercial			8,768				—				1,746				—				—				10,514
Consumer			1,823				—				6				—				—				1,829
Total		$	73,361			$	2,852			$	4,238			$	—			$	—			$	80,451

Schedule of age 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 March 31, 2017:
Residential real estate		$	407			$	—			$	—			$	407			$	26,434			$	—			$	26,841
Multi-family real estate			—				—				—				—				7,254				—				7,254
Commercial real estate			—				—				—				—				31,424				—				31,424
Land and construction			—				—				—				—				3,011				—				3,011
Commercial			1,746				—				—				1,746				7,251				—				8,997
Consumer			25				—				—				25				1,488				—				1,513
Total		$	2,178			$	—			$	—			$	2,178			$	76,862			$	—			$	79,040
At December 31, 2016:
Residential real estate		$	—			$	—			$	—			$	—			$	26,959			$	375			$	27,334
Multi-family real estate			—				—				—				—				5,829				—				5,829
Commercial real estate			—				—				—				—				29,264				—				29,264
Land and construction			—				—				—				—				5,681				—				5,681
Commercial			—				—				—				—				10,514				—				10,514
Consumer			—				6				—				6				1,823				—				1,829
Total		$	—			$	6			$	—			$	6			$	80,070			$	375			$	80,451

Schedule of impaired loans

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

		At March 31, 2017												At December 31, 2016
		Recorded Investment				Unpaid Principal Balance				Related Allowance				Recorded Investment				Unpaid Principal Balance				Related Allowance
With no related allowance recorded:
Residential real estate		$	372			$	498			$	—			$	375			$	501			$	—
With related allowance recorded - Commercial real estate		$	996				996				103				1,004				1,004				104
Total
Residential real estate		$	372			$	498			$	—			$	375			$	501			$	—
Commercial real estate		$	996			$	996			$	103			$	1,004			$	1,004			$	104
Total		$	1,368			$	1,494			$	103			$	1,379			$	1,505			$	104

Schedule of interest income recognized and received on impaired loans

The average net investment in impaired loans and interest income recognized and received on impaired loans are as follows (in thousands):

		For the Period Ended March 31,												For the Period Ended March 31,
		2017												2016
		Average Recorded Investment				Interest Income Recognized				Interest Income Received				Average Recorded Investment				Interest Income Recognized				Interest Income Received
Residential real estate		$	372			$	12			$	12			$	1,048			$	12			$	18
Commercial real estate		$	895			$	13			$	13			$	3,100			$	13			$	36
Total		$	1,267			$	25			$	25			$	4,148			$	25			$	54

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=84173941&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=82894031&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=84173941&loc=SL6953659-111524

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Tabular disclosure of impaired financing receivables.

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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=84173941&loc=d3e5212-111524

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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

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=84173941&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
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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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