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Loans (Tables)

3 Months Ended

Mar. 31, 2018

Receivables [Abstract]

Schedule of Components of Loans

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

		At March 31, 2018				At December 31, 2017
Residential real estate		$	26,996			$	26,054
Multi-family real estate			7,934				7,356
Commercial real estate			30,450				32,152
Land and construction			1,363				1,051
Commercial			5,518				4,522
Consumer			606				794
Total loans			72,867				71,929
Add (deduct):
Net deferred loan fees, costs and premiums			226				282
Allowance for loan losses			(3,993	)			(3,991	)
Loans, net		$	69,100			$	68,220

Schedule of Change in 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, 2018:
Beginning balance		$	641			$	59			$	759			$	22			$	55			$	86			$	2,369			$	3,991
Provision (credit) for loan losses			6				8				(47	)			—				224				(23	)			(168	)			—
Charge-offs			—				—				—				—				—				(9	)			—				(9	)
Recoveries			—				—				—				6				—				5				—				11
Ending balance		$	647			$	67			$	712			$	28			$	279			$	59			$	2,201			$	3,993
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

		Residential Real Estate				Multi- Family Real Estate				Commercial Real Estate				Land and Construction				Commercial				Consumer				Unallocated				Total
At March 31, 2018:
Individually evaluated for impairment:
Recorded investment		$	973			$	—			$	228			$	—			$	2,375			$	—			$	—			$	3,576
Balance in allowance for loan losses		$	324			$	—			$	89			$	—			$	227			$	—			$	—			$	640
Collectively evaluated for impairment:
Recorded investment		$	26,023			$	7,934			$	30,222			$	1,363			$	3,143			$	606			$	—			$	69,291
Balance in allowance for loan losses		$	323			$	67			$	623			$	28			$	52			$	59			$	2,201			$	3,353
At December 31, 2017:
Individually evaluated for impairment:
Recorded investment		$	1,172			$	—			$	975			$	—			$	—			$	—			$	—			$	2,147
Balance in allowance for loan losses		$	330			$	—			$	83			$	—			$	—			$	—			$	—			$	413
Collectively evaluated for impairment:
Recorded investment		$	24,882			$	7,356			$	31,177			$	1,051			$	4,522			$	794			$	—			$	69,782
Balance in allowance for loan losses		$	311			$	59			$	676			$	22			$	55			$	86			$	2,369			$	3,578

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, 2018:
Residential real estate		$	26,023			$	—			$	973			$	—			$	—			$	26,996
Multi-family real estate			7,934				—				—				—				—				7,934
Commercial real estate			28,525				1,697				228				—				—				30,450
Land and construction			1,363				—				—				—				—				1,363
Commercial			2,440				703				2,375				—				—				5,518
Consumer			606				—				—				—				—				606
Total		$	66,891			$	2,400			$	3,576			$	—			$	—			$	72,867
At December 31, 2017:
Residential real estate		$	22,315			$	2,494			$	1,245			$	—			$	—			$	26,054
Multi-family real estate			7,356				—				—				—				—				7,356
Commercial real estate			24,704				6,473				975				—				—				32,152
Land and construction			1,051				—				—				—				—				1,051
Commercial			2,304				2,218				—				—				—				4,522
Consumer			794				—				—				—				—				794
Total		$	58,524			$	11,185			$	2,220			$	—			$	—			$	71,929

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, 2018:
Residential real estate		$	—			$	—			$	—			$	—			$	26,996			$	—			$	26,996
Multi-family real estate			—				—				—				—				7,934				—				7,934
Commercial real estate			—				—				—				—				30,450				—				30,450
Land and construction			—				—				—				—				1,363				—				1,363
Commercial			—				—				—				—				5,518				—				5,518
Consumer			—				—				—				—				606				—				606
Total		$	—			$	—			$	—			$	—			$	72,867			$	—			$	72,867

Schedule of Impaired Loans

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

		At March 31, 2018												At December 31, 2017
		Recorded Investment				Unpaid Principal Balance				Related Allowance				Recorded Investment				Unpaid Principal Balance				Related Allowance
With no related allowance recorded:
Residential real estate		$	—			$	—			$	—			$	194			$	217			$	—
Commercial real estate			—				—				—				231				231				—
Commercial			1,436				1,436				—
With related allowance recorded:
Residential real estate		$	973				973				324				978				978				330
Commercial real estate		$	228				228				89				744				744				83
Commercial			939				939				227				—				—				—
Total
Residential real estate		$	973			$	973			$	324			$	1,172			$	1,195			$	330
Commercial real estate		$	228			$	228			$	89			$	975			$	975			$	83
Commercial			2,375				2,375				227			$	—			$	—			$	—
Total		$	3,576			$	3,576			$	640			$	2,147			$	2,170			$	413

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												For the Period Ended
		March 31, 2018												March 31, 2017
		Average Recorded Investment				Interest Income Recognized				Interest Income Received				Average Recorded Investment				Interest Income Recognized				Interest Income Received
Residential real estate		$	696			$	19			$	19			$	372			$	12			$	12
Commercial real estate		$	702			$	12			$	13			$	895			$	13			$	13
Commercial		$	537			$	17			$	17			$	—			$	—			$	—
Total		$	1,935			$	48			$	49			$	1,267			$	25			$	25

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- 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
-Paragraph 11B
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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

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-Section 50
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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.

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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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