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Component: (Network and Table)
Network
00000031 - Disclosure - LOANS RECEIVABLE, NET (Tables)
(http://magbank.com/role/LoansReceivableNetTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Loans Receivable, Net [Abstract]Period [Axis]
2015-10-01 - 2016-09-30
Loans Receivable, Net [Abstract]
 
Schedule of net Loans

Loans receivable are comprised of the following:

 

   September 30,   September 30, 
   2016   2015 
   (In thousands) 
         
One-to four-family residential  $173,235   $169,781 
Commercial real estate   199,510    173,864 
Construction   14,939    6,679 
Home equity lines of credit   21,967    21,176 
Commercial business   38,865    41,485 
Other   9,355    10,305 
Total loans receivable   457,871    423,290 
Net deferred loan costs   216    192 
Allowance for loan losses   (3,056)   (2,886)
           
Total loans receivable, net  $455,031   $420,596 
 
 
Schedule of impaired loans

The following tables present impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary for the periods presented:

 

           Impaired Loans         
   Impaired Loans with   with No Specific         
   Specific Allowance   Allowance   Total Impaired Loans 
                   Unpaid 
At and for the year ended  Recorded   Related   Recorded   Recorded   Principal 
September 30, 2016  Investment   Allowance   Investment   Investment   Balance 
   (In thousands) 
                     
One-to four-family residential  $   $   $4,010   $4,010   $4,239 
Commercial real estate           3,843    3,843    3,843 
Home equity lines of credit           153    153    167 
Commercial business   997    39    250    1,247    1,850 
Total impaired loans  $997   $39   $8,256   $9,253   $10,099 

 

           Impaired Loans         
   Impaired Loans with   with No Specific         
   Specific Allowance   Allowance   Total Impaired Loans 
                   Unpaid 
At and for the year ended  Recorded   Related   Recorded   Recorded   Principal 
September 30, 2015  Investment   Allowance   Investment   Investment   Balance 
   (In thousands) 
                     
One-to four-family residential  $   $   $3,017   $3,017   $3,134 
Commercial real estate           5,447    5,447    6,556 
Home equity lines of credit           417    417    521 
Commercial business   1,690    201    66    1,756    1,756 
Total impaired loans  $1,690   $201   $8,947   $10,637   $11,967 
 
 
Schedule of loan portfolio summarized by Bank's internal risk rating system

The following tables present the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the Bank’s internal risk rating system for the periods presented:

 

       Special             
   Pass   Mention   Substandard   Doubtful   Total 
   (In  thousands) 
September 30, 2016                         
One-to four-family residential  $169,596   $209   $3,430   $   $173,235 
Commercial real estate   196,838        2,672        199,510 
Construction   12,461        2,478        14,939 
Home equity lines of credit   21,814        153        21,967 
Commercial business   37,868            997    38,865 
Other   9,355                9,355 
Total  $447,932   $209   $8,733   $997   $457,871 

 

 

       Special             
   Pass   Mention   Substandard   Doubtful   Total 
   (In  thousands) 
September 30, 2015                         
One-to four-family residential  $166,846   $   $2,935   $   $169,781 
Commercial real estate   169,239    210    3,309    1,106    173,864 
Construction   2,468        4,211        6,679 
Home equity lines of credit   19,436        1,740        21,176 
Commercial business   39,764        1,721        41,485 
Other   10,305                10,305 
Total  $408,058   $210   $13,916   $1,106   $423,290 

 
 
Schedule of aging analysis of past due loans, segregated by class of loans

The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans for the periods presented:

 

       30-59   60-89                 
       Days   Days   90 Days +   Total   Non-   Total 
   Current   Past Due   Past Due   Past Due   Past Due   Accrual   Loans 
   (In  thousands) 
September 30, 2016                            
One-to four-family residential  $170,705   $   $44   $2,486   $2,530   $2,486   $173,235 
Commercial real estate   198,577        490    443    933    443    199,510 
Construction   14,939                        14,939 
Home equity lines of credit   21,686            281    281    281    21,967 
Commercial business   37,865        3    997    1,000    997    38,865 
Other   9,355                        9,355 
Total  $453,127   $   $537   $4,207   $4,744   $4,207   $457,871 

 

 

       30-59   60-89                 
       Days   Days   90 Days +   Total   Non-   Total 
   Current   Past Due   Past Due   Past Due   Past Due   Accrual   Loans 
   (In  thousands) 
September 30, 2015                            
One-to four-family residential  $166,993   $   $730   $2,058   $2,788   $2,058   $169,781 
Commercial real estate   171,969            1,895    1,895    1,895    173,864 
Construction   6,679                        6,679 
Home equity lines of credit   20,921            255    255    255    21,176 
Commercial business   39,777        19    1,689    1,708    1,689    41,485 
Other   10,305                        10,305 
Total  $416,644   $   $749   $5,897   $6,646   $5,897   $423,290 
 
 
Schedule of activity in the allowance for loan losses by portfolio segment

The following tables summarize the activity in the allowance for loan losses by loan category for the years ended September 30, 2016 and 2015:

 

   One-to Four-           Home Equity                 
   Family   Commercial       Lines of   Commercial             
   Residential   Real Estate   Construction   Credit   Business   Other   Unallocated   Total 
   (In  thousands) 
                                 
Balance-September 30, 2015  $395   $931   $453   $53   $969   $6   $79   $2,886 
Charge-offs   (133)   (61)       (98)   (1,119)           (1,411)
Recoveries       100    7    80    28            215 
Provision   280    105    (99)   36    1,098    3    (57)   1,366 
Balance-September 30, 2016  $542   $1,075   $361   $71   $976   $9   $22   $3,056 

 

   One-to Four-           Home Equity                 
   Family   Commercial       Lines of   Commercial             
   Residential   Real Estate   Construction   Credit   Business   Other   Unallocated   Total 
   (In  thousands) 
                                 
Balance-September 30, 2014  $402   $826   $784   $62   $643   $9   $109   $2,835 
Charge-offs   (176)   (397)   (342)   (461)   (274)   (1)       (1,651)
Recoveries   400        38                    438 
Provision   (231)   502    (27)   452    600    (2)   (30)   1,264 
Balance-September 30, 2015  $395   $931   $453   $53   $969   $6   $79   $2,886 

 

The following tables summarize the ALL by loan category, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of September 30, 2016 and September 30, 2015:

 

   One-to Four-           Home Equity                 
   Family   Commercial       Lines of   Commercial             
   Residential   Real Estate   Construction   Credit   Business   Other   Unallocated   Total 
   (In thousands) 
Allowance for Loan Losses:                                        
Balance - September 30, 2016  $542   $1,075   $361   $71   $976   $9   $22   $3,056 
Individually evaluated                                        
for impairment                   39            39 
Collectively evaluated                                        
for impairment   542    1,075    361    71    937    9    22    3,017 
                                         
Loans receivable:                                        
Balance - September 30, 2016  $173,235   $199,510   $14,939   $21,967   $38,865   $9,355   $   $457,871 
Individually evaluated                                        
for impairment   4,010    3,843        153    1,247            9,253 
Collectively evaluated                                        
for impairment   169,225    195,667    14,939    21,814    37,618    9,355         448,618 

 

   One-to Four-           Home Equity                 
   Family   Commercial       Lines of   Commercial             
   Residential   Real Estate   Construction   Credit   Business   Other   Unallocated   Total 
   (In thousands) 
Allowance for Loan Losses:                                        
Balance - September 30, 2015  $395   $931   $453   $53   $969   $6   $79   $2,886 
Individually evaluated                                        
for impairment                   201            201 
Collectively evaluated                                        
for impairment   395    931    453    53    768    6    79    2,685 
                                         
Loans receivable:                                        
Balance - September 30, 2015  $169,781   $173,864   $6,679   $21,176   $41,485   $10,305       $423,290 
Individually evaluated                                        
for impairment   3,017    5,447        417    1,756            10,637 
Collectively evaluated                                        
for impairment   166,764    168,417    6,679    20,759    39,729    10,305         412,653 
 
 
Schedule of troubled debt restructurings

The following tables summarize the TDRs during the twelve month periods ended September 30, 2016 and 2015:

 

   Year Ended September 30, 2015 
   Number of   Investment Before   Investment After 
   Loans   TDR Modification   TDR Modification 
   (Dollars in thousands) 
One-to four-family residential      $   $ 
                
Total      $   $ 

 

   Year Ended September 30, 2015 
   Number of   Investment Before   Investment After 
   Loans   TDR Modification   TDR Modification 
   (Dollars in thousands) 
One-to four-family residential   2   $650   $713 
                
Total   2   $650   $713