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 | |