Allowance For Loan Losses Tables | Period [Axis] |
---|
2016-01-01 - 2016-12-31 |
---|
Allowance For Loan Losses Tables | |
Changes in Allowance for Loan Losses |
|
|
Year Ended December 31, 2016 |
|
|
|
One-to four Family Residential |
|
|
Commercial Real Estate |
|
|
Home Equity and Lines of Credit |
|
|
Residential Construction |
|
|
Other Construction and Land |
|
|
Commercial |
|
|
Consumer |
|
|
Total |
|
|
|
(Dollars in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
2,455 |
|
|
$ |
3,221 |
|
|
$ |
1,097 |
|
|
$ |
278 |
|
|
$ |
1,400 |
|
|
$ |
603 |
|
|
$ |
407 |
|
|
$ |
9,461 |
|
Provision |
|
|
413 |
|
|
|
1,016 |
|
|
|
(486 |
) |
|
|
(125 |
) |
|
|
(122 |
) |
|
|
(85 |
) |
|
|
(337 |
) |
|
|
274 |
|
Charge-offs |
|
|
(133 |
) |
|
|
(431 |
) |
|
|
(158 |
) |
|
|
— |
|
|
|
(560 |
) |
|
|
(63 |
) |
|
|
(201 |
) |
|
|
(1,546 |
) |
Recoveries |
|
|
77 |
|
|
|
173 |
|
|
|
224 |
|
|
|
32 |
|
|
|
130 |
|
|
|
144 |
|
|
|
336 |
|
|
|
1,116 |
|
Ending balance |
|
$ |
2,812 |
|
|
$ |
3,979 |
|
|
$ |
677 |
|
|
$ |
185 |
|
|
$ |
848 |
|
|
$ |
599 |
|
|
$ |
205 |
|
|
$ |
9,305 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2015 |
|
|
|
One-to four Family Residential |
|
|
Commercial Real Estate |
|
|
Home Equity and Lines of Credit |
|
|
Residential Construction |
|
|
Other Construction and Land |
|
|
Commercial |
|
|
Consumer |
|
|
Total |
|
|
|
(Dollars in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
2,983 |
|
|
$ |
2,717 |
|
|
$ |
1,333 |
|
|
$ |
510 |
|
|
$ |
2,936 |
|
|
$ |
308 |
|
|
$ |
285 |
|
|
$ |
11,072 |
|
Provision |
|
|
(251 |
) |
|
|
388 |
|
|
|
200 |
|
|
|
(235 |
) |
|
|
(1,741 |
) |
|
|
272 |
|
|
|
(133 |
) |
|
|
(1,500 |
) |
Charge-offs |
|
|
(536 |
) |
|
|
(52 |
) |
|
|
(540 |
) |
|
|
— |
|
|
|
(137 |
) |
|
|
(9 |
) |
|
|
(48 |
) |
|
$ |
(1,322 |
) |
Recoveries |
|
|
259 |
|
|
|
168 |
|
|
|
104 |
|
|
|
3 |
|
|
|
342 |
|
|
|
32 |
|
|
|
303 |
|
|
|
1,211 |
|
Ending balance |
|
$ |
2,455 |
|
|
$ |
3,221 |
|
|
$ |
1,097 |
|
|
$ |
278 |
|
|
$ |
1,400 |
|
|
$ |
603 |
|
|
$ |
407 |
|
|
$ |
9,461 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2014 |
|
|
|
One-to four Family Residential |
|
|
Commercial Real Estate |
|
|
Home Equity and Lines of Credit |
|
|
Residential Construction |
|
|
Other Construction and Land |
|
|
Commercial |
|
|
Consumer |
|
|
Total |
|
|
|
(Dollars in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance |
|
$ |
3,693 |
|
|
$ |
4,360 |
|
|
$ |
1,580 |
|
|
$ |
501 |
|
|
$ |
3,516 |
|
|
$ |
336 |
|
|
$ |
265 |
|
|
$ |
14,251 |
|
Provision |
|
|
(201 |
) |
|
|
408 |
|
|
|
310 |
|
|
|
9 |
|
|
|
(232 |
) |
|
|
(58 |
) |
|
|
(203 |
) |
|
|
33 |
|
Charge-offs |
|
|
(702 |
) |
|
|
(2,415 |
) |
|
|
(598 |
) |
|
|
— |
|
|
|
(566 |
) |
|
|
(133 |
) |
|
|
(140 |
) |
|
|
(4,554 |
) |
Recoveries |
|
|
193 |
|
|
|
364 |
|
|
|
41 |
|
|
|
— |
|
|
|
218 |
|
|
|
163 |
|
|
|
363 |
|
|
|
1,342 |
|
Ending balance |
|
$ |
2,983 |
|
|
$ |
2,717 |
|
|
$ |
1,333 |
|
|
$ |
510 |
|
|
$ |
2,936 |
|
|
$ |
308 |
|
|
$ |
285 |
|
|
$ |
11,072 |
|
|
Investment in Loans by Portfolio Segment |
|
|
December 31, 2016 |
|
|
|
One-to four Family Residential |
|
|
Commercial Real Estate |
|
|
Home Equity and Lines of Credit |
|
|
Residential Construction |
|
|
Other Construction and Land |
|
|
Commercial |
|
|
Consumer |
|
|
Total |
|
|
|
(Dollars in thousands) |
|
Allowance for loan losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
|
$ |
201 |
|
|
$ |
178 |
|
|
$ |
2 |
|
|
$ |
— |
|
|
$ |
175 |
|
|
$ |
28 |
|
|
$ |
— |
|
|
$ |
584 |
|
Collectively evaluated for impairment |
|
|
2,611 |
|
|
|
3,801 |
|
|
|
675 |
|
|
|
185 |
|
|
|
673 |
|
|
|
571 |
|
|
|
205 |
|
|
|
8,721 |
|
|
|
$ |
2,812 |
|
|
$ |
3,979 |
|
|
$ |
677 |
|
|
$ |
185 |
|
|
$ |
848 |
|
|
$ |
599 |
|
|
$ |
205 |
|
|
$ |
9,305 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans Receivable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
|
$ |
3,814 |
|
|
$ |
8,153 |
|
|
$ |
313 |
|
|
$ |
— |
|
|
$ |
1,720 |
|
|
$ |
306 |
|
|
$ |
— |
|
|
$ |
14,306 |
|
Collectively evaluated for impairment |
|
|
274,623 |
|
|
|
284,726 |
|
|
|
50,021 |
|
|
|
18,531 |
|
|
|
58,885 |
|
|
|
41,000 |
|
|
|
4,594 |
|
|
|
732,380 |
|
|
|
$ |
278,437 |
|
|
$ |
292,879 |
|
|
$ |
50,334 |
|
|
$ |
18,531 |
|
|
$ |
60,605 |
|
|
$ |
41,306 |
|
|
$ |
4,594 |
|
|
$ |
746,686 |
|
|
|
|
December 31, 2015 |
|
|
|
One-to four Family Residential |
|
|
Commercial Real Estate |
|
|
Home Equity and Lines of Credit |
|
|
Residential Construction |
|
|
Other Construction and Land |
|
|
Commercial |
|
|
Consumer |
|
|
Total |
|
|
|
(Dollars in thousands) |
|
Allowance for loan losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
|
$ |
344 |
|
|
$ |
61 |
|
|
$ |
6 |
|
|
$ |
— |
|
|
$ |
61 |
|
|
$ |
38 |
|
|
$ |
— |
|
|
$ |
510 |
|
Collectively evaluated for impairment |
|
|
2,111 |
|
|
|
3,160 |
|
|
|
1,091 |
|
|
|
278 |
|
|
|
1,339 |
|
|
|
565 |
|
|
|
407 |
|
|
|
8,951 |
|
|
|
$ |
2,455 |
|
|
$ |
3,221 |
|
|
$ |
1,097 |
|
|
$ |
278 |
|
|
$ |
1,400 |
|
|
$ |
603 |
|
|
$ |
407 |
|
|
$ |
9,461 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans Receivable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Individually evaluated for impairment |
|
$ |
6,315 |
|
|
$ |
9,013 |
|
|
$ |
313 |
|
|
$ |
— |
|
|
$ |
1,509 |
|
|
$ |
318 |
|
|
$ |
— |
|
|
$ |
17,468 |
|
Collectively evaluated for impairment |
|
|
242,318 |
|
|
|
205,400 |
|
|
|
53,133 |
|
|
|
7,848 |
|
|
|
55,807 |
|
|
|
40,728 |
|
|
|
3,639 |
|
|
|
608,873 |
|
|
|
$ |
248,633 |
|
|
$ |
214,413 |
|
|
$ |
53,446 |
|
|
$ |
7,848 |
|
|
$ |
57,316 |
|
|
$ |
41,046 |
|
|
$ |
3,639 |
|
|
$ |
626,341 |
|
|
Credit Risk Profile by Rating |
December 31, 2016 |
|
Loan Grade |
|
One-to-Four Family Residential |
|
|
Commercial Real Estate |
|
|
Home Equity and Lines of Credit |
|
|
Residential Construction |
|
|
Other Construction and Land |
|
|
Commercial |
|
|
Consumer |
|
|
Total |
|
|
|
(Dollars in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
|
$ |
— |
|
|
$ |
9,867 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
429 |
|
|
$ |
— |
|
|
$ |
10,296 |
|
2 |
|
|
— |
|
|
|
4,290 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,463 |
|
|
|
— |
|
|
|
5,753 |
|
3 |
|
|
28,129 |
|
|
|
24,744 |
|
|
|
1,812 |
|
|
|
587 |
|
|
|
2,163 |
|
|
|
2,772 |
|
|
|
— |
|
|
|
60,207 |
|
4 |
|
|
75,542 |
|
|
|
131,117 |
|
|
|
3,393 |
|
|
|
10,686 |
|
|
|
22,374 |
|
|
|
21,824 |
|
|
|
51 |
|
|
|
264,987 |
|
5 |
|
|
26,474 |
|
|
|
95,447 |
|
|
|
3,471 |
|
|
|
2,370 |
|
|
|
17,942 |
|
|
|
11,092 |
|
|
|
325 |
|
|
|
157,121 |
|
6 |
|
|
2,594 |
|
|
|
11,537 |
|
|
|
— |
|
|
|
286 |
|
|
|
2,473 |
|
|
|
268 |
|
|
|
— |
|
|
|
17,158 |
|
7 |
|
|
1,747 |
|
|
|
7,346 |
|
|
|
— |
|
|
|
— |
|
|
|
1,218 |
|
|
|
429 |
|
|
|
— |
|
|
|
10,740 |
|
|
|
$ |
134,486 |
|
|
$ |
284,348 |
|
|
$ |
8,676 |
|
|
$ |
13,929 |
|
|
$ |
46,170 |
|
|
$ |
38,277 |
|
|
$ |
376 |
|
|
$ |
526,262 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ungraded Loan Exposure: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
$ |
142,889 |
|
|
$ |
8,531 |
|
|
$ |
41,406 |
|
|
$ |
4,602 |
|
|
$ |
14,182 |
|
|
$ |
3,029 |
|
|
$ |
4,172 |
|
|
$ |
218,811 |
|
Nonperforming |
|
|
1,062 |
|
|
|
— |
|
|
|
252 |
|
|
|
— |
|
|
|
253 |
|
|
|
— |
|
|
|
46 |
|
|
|
1,613 |
|
Subtotal |
|
$ |
143,951 |
|
|
$ |
8,531 |
|
|
$ |
41,658 |
|
|
$ |
4,602 |
|
|
$ |
14,435 |
|
|
$ |
3,029 |
|
|
$ |
4,218 |
|
|
$ |
220,424 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
278,437 |
|
|
$ |
292,879 |
|
|
$ |
50,334 |
|
|
$ |
18,531 |
|
|
$ |
60,605 |
|
|
$ |
41,306 |
|
|
$ |
4,594 |
|
|
$ |
746,686 |
|
|
|
December 31, 2015 |
|
Loan Grade |
|
One-to-Four Family Residential |
|
|
Commercial Real Estate |
|
|
Home Equity and Lines of Credit |
|
|
Residential Construction |
|
|
Other Construction and Land |
|
|
Commercial |
|
|
Consumer |
|
|
Total |
|
|
|
(Dollars in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 |
|
$ |
— |
|
|
$ |
65 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
10,336 |
|
|
$ |
— |
|
|
$ |
10,401 |
|
2 |
|
|
— |
|
|
|
4,446 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
99 |
|
|
|
— |
|
|
|
4,545 |
|
3 |
|
|
18,518 |
|
|
|
11,396 |
|
|
|
1,358 |
|
|
|
525 |
|
|
|
1,479 |
|
|
|
1,734 |
|
|
|
— |
|
|
|
35,010 |
|
4 |
|
|
46,942 |
|
|
|
74,542 |
|
|
|
1,961 |
|
|
|
2,036 |
|
|
|
13,850 |
|
|
|
18,586 |
|
|
|
1 |
|
|
|
157,918 |
|
5 |
|
|
33,886 |
|
|
|
97,469 |
|
|
|
6,648 |
|
|
|
1,347 |
|
|
|
22,864 |
|
|
|
9,274 |
|
|
|
592 |
|
|
|
172,080 |
|
6 |
|
|
2,903 |
|
|
|
13,171 |
|
|
|
— |
|
|
|
1,106 |
|
|
|
1,718 |
|
|
|
297 |
|
|
|
— |
|
|
|
19,195 |
|
7 |
|
|
3,335 |
|
|
|
13,106 |
|
|
|
— |
|
|
|
— |
|
|
|
579 |
|
|
|
458 |
|
|
|
— |
|
|
|
17,478 |
|
|
|
$ |
105,584 |
|
|
$ |
214,195 |
|
|
$ |
9,967 |
|
|
$ |
5,014 |
|
|
$ |
40,490 |
|
|
$ |
40,784 |
|
|
$ |
593 |
|
|
$ |
416,627 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ungraded Loan Exposure: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Performing |
|
$ |
141,771 |
|
|
$ |
218 |
|
|
$ |
43,158 |
|
|
$ |
2,834 |
|
|
$ |
16,707 |
|
|
$ |
262 |
|
|
$ |
3,046 |
|
|
$ |
207,996 |
|
Nonperforming |
|
|
1,278 |
|
|
|
— |
|
|
|
321 |
|
|
|
— |
|
|
|
119 |
|
|
|
— |
|
|
|
— |
|
|
|
1,718 |
|
Subtotal |
|
$ |
143,049 |
|
|
$ |
218 |
|
|
$ |
43,479 |
|
|
$ |
2,834 |
|
|
$ |
16,826 |
|
|
$ |
262 |
|
|
$ |
3,046 |
|
|
$ |
209,714 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
248,633 |
|
|
$ |
214,413 |
|
|
$ |
53,446 |
|
|
$ |
7,848 |
|
|
$ |
57,316 |
|
|
$ |
41,046 |
|
|
$ |
3,639 |
|
|
$ |
626,341 |
|
|
Aging Analysis of Recorded Investment of Past-Due Financing Receivables |
|
|
December 31, 2016 |
|
|
|
30-59 Days Past Due |
|
|
60-89 Days Past Due |
|
|
90 Days and Over Past Due |
|
|
Total Past Due |
|
|
Current |
|
|
Total Loans Receivable |
|
|
|
(Dollars in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One-to-four family residential |
|
$ |
4,931 |
|
|
$ |
1,116 |
|
|
$ |
554 |
|
|
$ |
6,601 |
|
|
$ |
271,836 |
|
|
$ |
278,437 |
|
Commercial real estate |
|
|
1,383 |
|
|
|
1,800 |
|
|
|
1,681 |
|
|
|
4,864 |
|
|
|
288,015 |
|
|
|
292,879 |
|
Home equity and lines of credit |
|
|
126 |
|
|
|
44 |
|
|
|
233 |
|
|
|
403 |
|
|
|
49,931 |
|
|
|
50,334 |
|
Residential construction |
|
|
180 |
|
|
|
— |
|
|
|
— |
|
|
|
180 |
|
|
|
18,351 |
|
|
|
18,531 |
|
Other construction and land |
|
|
467 |
|
|
|
— |
|
|
|
919 |
|
|
|
1,386 |
|
|
|
59,219 |
|
|
|
60,605 |
|
Commercial |
|
|
368 |
|
|
|
— |
|
|
|
— |
|
|
|
368 |
|
|
|
40,938 |
|
|
|
41,306 |
|
Consumer |
|
|
62 |
|
|
|
1 |
|
|
|
— |
|
|
|
63 |
|
|
|
4,531 |
|
|
|
4,594 |
|
Total |
|
$ |
7,517 |
|
|
$ |
2,961 |
|
|
$ |
3,387 |
|
|
$ |
13,865 |
|
|
$ |
732,821 |
|
|
$ |
746,686 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
|
|
30-59 Days Past Due |
|
|
60-89 Days Past Due |
|
|
90 Days and Over Past Due |
|
|
Total Past Due |
|
|
Current |
|
|
Total Loans Receivable |
|
|
|
(Dollars in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One-to-four family residential |
|
$ |
5,610 |
|
|
$ |
1,260 |
|
|
$ |
1,205 |
|
|
$ |
8,075 |
|
|
$ |
240,558 |
|
|
$ |
248,633 |
|
Commercial real estate |
|
|
1,585 |
|
|
|
— |
|
|
|
605 |
|
|
|
2,190 |
|
|
|
212,223 |
|
|
|
214,413 |
|
Home equity and lines of credit |
|
|
369 |
|
|
|
38 |
|
|
|
322 |
|
|
|
729 |
|
|
|
52,717 |
|
|
|
53,446 |
|
Residential construction |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
7,848 |
|
|
|
7,848 |
|
Other construction and land |
|
|
208 |
|
|
|
397 |
|
|
|
138 |
|
|
|
743 |
|
|
|
56,573 |
|
|
|
57,316 |
|
Commercial |
|
|
625 |
|
|
|
— |
|
|
|
— |
|
|
|
625 |
|
|
|
40,421 |
|
|
|
41,046 |
|
Consumer |
|
|
12 |
|
|
|
4 |
|
|
|
— |
|
|
|
16 |
|
|
|
3,623 |
|
|
|
3,639 |
|
Total |
|
$ |
8,409 |
|
|
$ |
1,699 |
|
|
$ |
2,270 |
|
|
$ |
12,378 |
|
|
$ |
613,963 |
|
|
$ |
626,341 |
|
|
Summary of Average Impaired Loans | The following table presents
investments in loans considered to be impaired and related information on those impaired loans:
|
|
December 31, 2016 |
|
|
December 31, 2015 |
|
|
|
Recorded Balance |
|
|
Unpaid Principal Balance |
|
|
Specific Allowance |
|
|
Recorded Balance |
|
|
Unpaid Principal Balance |
|
|
Specific Allowance |
|
|
|
(Dollars in thousands) |
|
Loans without a valuation allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One-to four-family residential |
|
$ |
2,670 |
|
|
$ |
2,723 |
|
|
$ |
— |
|
|
$ |
4,289 |
|
|
$ |
4,403 |
|
|
$ |
— |
|
Commercial real estate |
|
|
6,078 |
|
|
|
7,710 |
|
|
|
— |
|
|
|
7,226 |
|
|
|
8,809 |
|
|
|
— |
|
Home equity and lines of credit |
|
|
213 |
|
|
|
328 |
|
|
|
— |
|
|
|
213 |
|
|
|
328 |
|
|
|
— |
|
Other construction and land |
|
|
809 |
|
|
|
911 |
|
|
|
— |
|
|
|
658 |
|
|
|
818 |
|
|
|
— |
|
Commercial |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
$ |
9,770 |
|
|
$ |
11,672 |
|
|
$ |
— |
|
|
$ |
12,386 |
|
|
$ |
14,358 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans with a valuation allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One-to four-family residential |
|
$ |
1,144 |
|
|
$ |
1,144 |
|
|
$ |
201 |
|
|
$ |
2,026 |
|
|
$ |
2,026 |
|
|
$ |
344 |
|
Commercial real estate |
|
|
2,075 |
|
|
|
2,075 |
|
|
|
178 |
|
|
|
1,787 |
|
|
|
1,787 |
|
|
|
61 |
|
Home equity and lines of credit |
|
|
100 |
|
|
|
100 |
|
|
|
2 |
|
|
|
100 |
|
|
|
100 |
|
|
|
6 |
|
Other construction and land |
|
|
911 |
|
|
|
911 |
|
|
|
175 |
|
|
|
851 |
|
|
|
851 |
|
|
|
61 |
|
Commercial |
|
|
306 |
|
|
|
306 |
|
|
|
28 |
|
|
|
318 |
|
|
|
318 |
|
|
|
38 |
|
|
|
$ |
4,536 |
|
|
$ |
4,536 |
|
|
$ |
584 |
|
|
$ |
5,082 |
|
|
$ |
5,082 |
|
|
$ |
510 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One-to four-family residential |
|
$ |
3,814 |
|
|
$ |
3,867 |
|
|
$ |
201 |
|
|
$ |
6,315 |
|
|
$ |
6,429 |
|
|
$ |
344 |
|
Commercial real estate |
|
|
8,153 |
|
|
|
9,785 |
|
|
|
178 |
|
|
|
9,013 |
|
|
|
10,596 |
|
|
|
61 |
|
Home equity and lines of credit |
|
|
313 |
|
|
|
428 |
|
|
|
2 |
|
|
|
313 |
|
|
|
428 |
|
|
|
6 |
|
Other construction and land |
|
|
1,720 |
|
|
|
1,822 |
|
|
|
175 |
|
|
|
1,509 |
|
|
|
1,669 |
|
|
|
61 |
|
Commercial |
|
|
306 |
|
|
|
306 |
|
|
|
28 |
|
|
|
318 |
|
|
|
318 |
|
|
|
38 |
|
|
|
$ |
14,306 |
|
|
$ |
16,208 |
|
|
$ |
584 |
|
|
$ |
17,468 |
|
|
$ |
19,440 |
|
|
$ |
510 |
|
The following table
presents average impaired loans and interest income recognized on those impaired loans, by class segment, for the periods indicated:
|
|
For the Year Ended December 31, |
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
|
Average Investment in Impaired Loans |
|
|
Interest Income Recognized |
|
|
Average Investment in Impaired Loans |
|
|
Interest Income Recognized |
|
|
Average Investment in Impaired Loans |
|
|
Interest Income Recognized |
|
|
|
(Dollars in thousands) |
|
Loans without a valuation allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One-to-four family residential |
|
$ |
2,758 |
|
|
$ |
117 |
|
|
$ |
6,072 |
|
|
$ |
174 |
|
|
$ |
6,079 |
|
|
$ |
242 |
|
Commercial real estate |
|
|
7,834 |
|
|
|
116 |
|
|
|
7,999 |
|
|
|
299 |
|
|
|
14,255 |
|
|
|
664 |
|
Home equity and lines of credit |
|
|
328 |
|
|
|
10 |
|
|
|
213 |
|
|
|
9 |
|
|
|
1,728 |
|
|
|
53 |
|
Other construction and land |
|
|
923 |
|
|
|
27 |
|
|
|
668 |
|
|
|
30 |
|
|
|
2,332 |
|
|
|
70 |
|
Commercial |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
$ |
11,843 |
|
|
$ |
270 |
|
|
$ |
14,952 |
|
|
$ |
512 |
|
|
$ |
24,394 |
|
|
$ |
1,029 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans with a valuation allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One-to-four family residential |
|
$ |
1,162 |
|
|
$ |
48 |
|
|
$ |
2,056 |
|
|
$ |
88 |
|
|
$ |
4,048 |
|
|
$ |
137 |
|
Commercial real estate |
|
|
2,098 |
|
|
|
82 |
|
|
|
1,808 |
|
|
|
82 |
|
|
|
3,715 |
|
|
|
152 |
|
Home equity and lines of credit |
|
|
100 |
|
|
|
4 |
|
|
|
100 |
|
|
|
4 |
|
|
|
149 |
|
|
|
6 |
|
Other construction and land |
|
|
1,027 |
|
|
|
37 |
|
|
|
1,502 |
|
|
|
37 |
|
|
|
2,042 |
|
|
|
81 |
|
Commercial |
|
|
312 |
|
|
|
19 |
|
|
|
323 |
|
|
|
19 |
|
|
|
334 |
|
|
|
20 |
|
|
|
$ |
4,699 |
|
|
$ |
190 |
|
|
$ |
5,789 |
|
|
$ |
230 |
|
|
$ |
10,288 |
|
|
$ |
396 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One-to-four family residential |
|
$ |
3,920 |
|
|
$ |
165 |
|
|
$ |
8,128 |
|
|
$ |
262 |
|
|
$ |
10,127 |
|
|
$ |
379 |
|
Commercial real estate |
|
|
9,932 |
|
|
|
198 |
|
|
|
9,807 |
|
|
|
381 |
|
|
|
17,970 |
|
|
|
816 |
|
Home equity and lines of credit |
|
|
428 |
|
|
|
14 |
|
|
|
313 |
|
|
|
13 |
|
|
|
1,877 |
|
|
|
59 |
|
Other construction and land |
|
|
1,950 |
|
|
|
64 |
|
|
|
2,170 |
|
|
|
67 |
|
|
|
4,374 |
|
|
|
151 |
|
Commercial |
|
|
312 |
|
|
|
19 |
|
|
|
323 |
|
|
|
19 |
|
|
|
334 |
|
|
|
20 |
|
|
|
$ |
16,542 |
|
|
$ |
460 |
|
|
$ |
20,741 |
|
|
$ |
742 |
|
|
$ |
34,682 |
|
|
$ |
1,425 |
|
|
Financing Receivables on Nonaccrual Status |
|
|
December 31, |
|
|
|
2016 |
|
|
2015 |
|
|
|
(Dollars in thousands) |
|
|
|
|
|
|
|
|
One-to-four family residential |
|
$ |
1,125 |
|
|
$ |
2,893 |
|
Commercial real estate |
|
|
3,536 |
|
|
|
3,628 |
|
Home equity loans and lines of credit |
|
|
250 |
|
|
|
320 |
|
Other construction and land |
|
|
1,042 |
|
|
|
384 |
|
Commercial |
|
|
41 |
|
|
|
55 |
|
Consumer |
|
|
47 |
|
|
|
— |
|
Non-performing loans |
|
$ |
6,041 |
|
|
$ |
7,280 |
|
|
Summary of TDR Loans | The following tables summarize TDRs as of the dates
indicated:
|
|
December 31, 2016 |
|
|
|
Performing |
|
|
Nonperforming |
|
|
Total |
|
|
|
TDRs |
|
|
TDRs |
|
|
TDRs |
|
|
|
(Dollars in thousands) |
|
|
|
|
|
|
|
|
|
|
|
One-to-four family residential |
|
$ |
3,560 |
|
|
$ |
210 |
|
|
$ |
3,770 |
|
Commercial real estate |
|
|
4,327 |
|
|
|
2,366 |
|
|
|
6,693 |
|
Home equity and lines of credit |
|
|
313 |
|
|
|
— |
|
|
|
313 |
|
Other construction and land |
|
|
1,377 |
|
|
|
206 |
|
|
|
1,583 |
|
Commercial |
|
|
305 |
|
|
|
— |
|
|
|
305 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
9,882 |
|
|
$ |
2,782 |
|
|
$ |
12,664 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2015 |
|
|
|
Performing |
|
|
Nonperforming |
|
|
Total |
|
|
|
TDRs |
|
|
TDRs |
|
|
TDRs |
|
|
|
(Dollars in thousands) |
|
|
|
|
|
|
|
|
|
|
|
One-to-four family residential |
|
$ |
4,182 |
|
|
$ |
211 |
|
|
$ |
4,393 |
|
Commercial real estate |
|
|
5,134 |
|
|
|
2,922 |
|
|
|
8,056 |
|
Home equity and lines of credit |
|
|
313 |
|
|
|
— |
|
|
|
313 |
|
Residential construction |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other construction and land |
|
|
1,259 |
|
|
|
250 |
|
|
|
1,509 |
|
Commercial |
|
|
318 |
|
|
|
12 |
|
|
|
330 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
11,206 |
|
|
$ |
3,395 |
|
|
$ |
14,601 |
|
Loan modifications that were deemed
TDRs at the time of the modification during the period presented are summarized in the table below:
|
|
For the Year Ended December 31, 2015 |
|
(Dollars in thousands) |
|
Number of Loans |
|
|
Pre-modification Outstanding Recorded Investment |
|
|
Post-modification Outstanding Recorded Investment |
|
Forgiveness of principal: |
|
|
|
|
|
|
|
|
|
Commercial real estate |
|
|
1 |
|
|
$ |
1,988 |
|
|
$ |
1,693 |
|
|
|
|
1 |
|
|
$ |
1,988 |
|
|
$ |
1,693 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Extended payment terms: |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate |
|
|
1 |
|
|
$ |
833 |
|
|
$ |
833 |
|
|
|
|
1 |
|
|
$ |
833 |
|
|
$ |
833 |
|
|