Broadway Financial (BYFC) 10-Q 14 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	5-May-15
Entity Registrant Name	BROADWAY FINANCIAL CORP \DE\
Entity Central Index Key	1001171
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Voting common stock
Entity Common Stock, Shares Outstanding		21,405,188
Non-voting common stock
Entity Common Stock, Shares Outstanding		7,671,520

Consolidated_Statements_of_Fin

Consolidated Statements of Financial Condition (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Assets
Cash and due from banks	$4,819	$5,740
Federal funds	23,730	15,050
Cash and cash equivalents	28,549	20,790
Securities available-for-sale, at fair value	16,486	17,075
Loans receivable held for sale, at lower of cost or fair value	19,813	19,481
Loans receivable held for investment, net of allowance of $7,671 and $8,465	272,514	276,643
Accrued interest receivable	1,172	1,216
Federal Home Loan Bank (FHLB) stock	3,972	4,254
Office properties and equipment, net	2,652	2,697
Real estate owned (REO)	2,479	2,082
Bank owned life insurance	2,836	2,821
Investment in affordable housing limited partnership	1,069	1,117
Other assets	2,497	2,687
Total assets	354,039	350,863
Liabilities:
Deposits	222,092	217,867
FHLB advances	84,500	86,000
Junior subordinated debentures	5,100	5,100
Advance payments by borrowers for taxes and insurance	660	1,081
Accrued expenses and other liabilities	3,074	3,557
Total liabilities	315,426	313,605
Stockholders' Equity:
Additional paid-in capital	44,669	44,669
Accumulated deficit	-5,241	-6,539
Accumulated other comprehensive income	222	165
Treasury stock-at cost, 103,991 shares at March 31, 2015 and December 31, 2014	-1,329	-1,329
Total stockholders' equity	38,613	37,258
Total liabilities and stockholders' equity	354,039	350,863
Common Stock | Voting common stock
Stockholders' Equity:
Common stock	215	215
Common Stock | Non-voting common stock
Stockholders' Equity:
Common stock	$77	$77

Consolidated_Statements_of_Fin1

Consolidated Statements of Financial Condition (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Allowance for loan losses (in dollars)	$7,671	$8,465
Treasury stock, shares	103,991	103,991
Common Stock | Voting common stock
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	21,509,179	21,509,179
Common stock, shares outstanding	21,405,188	21,405,188
Common Stock | Non-voting common stock
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	7,671,520	7,671,520
Common stock, shares outstanding	7,671,520	7,671,520

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Income (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Interest income:
Interest and fees on loans receivable	$3,724	$3,626
Interest on mortgage-backed and other securities	94	64
Other interest income	87	106
Total interest income	3,905	3,796
Interest expense:
Interest on deposits	415	461
Interest on borrowings	531	537
Total interest expense	946	998
Net interest income before recapture of loan losses	2,959	2,798
Recapture of loan losses	750	1,082
Net interest income after recapture of loan losses	3,709	3,880
Non-interest income:
Service charges	106	118
Net gain on sale of loans	134
Net gain (loss) on sale of REOs	8	-7
CDFI grant	355	200
Other	34	18
Total non-interest income	637	329
Non-interest expense:
Compensation and benefits	1,768	1,588
Occupancy expense, net	299	284
Information services	217	219
Professional services	270	424
Office services and supplies	81	102
FDIC assessments	80	174
REO expenses	30	44
Corporate insurance	94	112
Amortization of investment in affordable housing limited partnership	48	48
Other	159	222
Total non-interest expense	3,046	3,217
Income before income taxes	1,300	992
Income tax expense	2	3
Net income	1,298	989
Other comprehensive income, net of tax:
Change in unrealized gain (loss) on securities available-for-sale	57	-21
Other comprehensive income (loss), net of tax	57	-21
Comprehensive income	$1,355	$968
Earnings per common share - basic (in dollars per share)	$0.04	$0.05
Earnings per common share - diluted (in dollars per share)	$0.04	$0.05

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net income	$1,298	$989
Adjustments to reconcile net income to net cash used in operating activities:
Recapture of loan losses	-750	-1,082
Depreciation	59	55
Net amortization of deferred loan origination costs	91	34
Net amortization of premiums on mortgage-backed securities	16	5
Amortization of investment in affordable housing limited partnership	48	48
Stock-based compensation expense		11
Earnings on bank owned life insurance	-15	-16
Originations of loans receivable held for sale	-12,562
Net gain on sales of loans	-134
Net (gains) loss on sales of REO	-8	7
Amortization of deferred gain on debt restructuring		-38
Net change in accrued interest receivable	44	-42
Net change in other assets	190	-703
Net change in advance payments by borrowers for taxes and insurance	-421	-397
Net change in accrued expenses and other liabilities	-483	295
Net cash used in operating activities	-12,627	-834
Cash flows from investing activities:
Net change in loans receivable held for investment	3,945	-2,630
Proceeds from sales of loans receivable held for sale	12,292
Principal repayments on loans receivable held for sale	72
Available-for-sale securities:
Maturities, prepayments and calls	630	468
Purchases		-3,970
Proceeds from sales of REO	454	1,166
Redemption of FHLB stock	470
Purchase of FHLB stock	-188
Additions to office properties and equipment	-14	-172
Net cash provided by (used in) investing activities	17,661	-5,138
Cash flows from financing activities:
Net change in deposits	4,225	-4,734
Proceeds from FHLB advances		8,000
Repayments on FHLB advances	-1,500	-8,000
Net cash provided by (used in) financing activities	2,725	-4,734
Net change in cash and cash equivalents	7,759	-10,706
Cash and cash equivalents at beginning of the period	20,790	58,196
Cash and cash equivalents at end of the period	28,549	47,490
Supplemental disclosures of cash flow information:
Cash paid for interest	972	984
Supplemental disclosures of non-cash investing and financing activities:
Transfers of loans receivable held for investment to REO	843	1,571
Payable for purchases of securities		$6,493

Basis_of_Financial_Statement_P

Basis of Financial Statement Presentation	3 Months Ended
	Mar. 31, 2015
Basis of Financial Statement Presentation
Basis of Financial Statement Presentation
	NOTE (1) – Basis of Financial Statement Presentation
	The accompanying unaudited consolidated financial statements include Broadway Financial Corporation (the “Company”) and its wholly owned subsidiary, Broadway Federal Bank, f.s.b. (the “Bank”).  Also included in the unaudited consolidated financial statements is Broadway Service Corporation, a wholly owned subsidiary of the Bank.  All significant intercompany balances and transactions have been eliminated in consolidation.
	The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions for quarterly reports on Form 10-Q.  These unaudited consolidated financial statements do not include all disclosures associated with the Company’s consolidated annual financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2014 and, accordingly, should be read in conjunction with such audited consolidated financial statements.  In the opinion of management, all adjustments (all of which are normal and recurring in nature) considered necessary for a fair presentation have been included.  Operating results for the three months ended March 31, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015.
	Some items in the consolidated financial statements for the prior period were reclassified to conform to the current presentation.  Reclassifications had no effect on prior period consolidated net income or loss or stockholders’ equity.
	Recent Accounting Pronouncements
	In August 2014, the FASB issued ASU 2014-15, “Presentation of Financial Statements - Going Concern (Subtopic 205-40) - Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”.  ASU 2014-15 incorporates into U.S. GAAP a requirement that management complete a going concern evaluation similar to that performed by an entity’s external auditor.  Under the new guidance, management will be required to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date of issuance of the entity’s financial statements.  Further, an entity must provide certain disclosures if there is substantial doubt about the entity’s ability to continue as a going concern.  ASU 2014-15 is effective for annual periods ending after December 15, 2016, and interim periods thereafter.  Early adoption is permitted. Adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements.
	In January 2015, the FASB issued ASU 2015-01, “Income Statement - Extraordinary and Unusual Items (Subtopic 225-20) - Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items”.  ASU 2015-01 eliminates from U.S. GAAP the concept of extraordinary items, which, among other things, required an entity to segregate extraordinary items considered to be unusual and infrequent from the results of ordinary operations and show the item separately in the income statement, net of tax, after income from continuing operations.  ASU 2015-01 is effective for annual periods ending after December 15, 2015, and interim periods thereafter.  Early adoption is permitted. Adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements.
	In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs”.  Under ASU 2015-03, the Company will present debt issuance costs in the balance sheet as a reduction from the related debt liability rather than as an asset.  Amortization of such costs will continue to be reported as interest expense.  ASU 2015-03 is effective for annual periods ending after December 15, 2015, and interim periods thereafter.  Early adoption is permitted.  Retrospective adoption is required.  Adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements.

Earnings_Per_Share_of_Common_S

Earnings Per Share of Common Stock	3 Months Ended
	Mar. 31, 2015
Earnings Per Share of Common Stock
Earnings Per Share of Common Stock
	NOTE (2) – Earnings Per Share of Common Stock
	Basic earnings per share of common stock is computed by dividing income available to common stockholders by the weighted average number of shares of common stock outstanding for the period.  Diluted earnings per share of common stock is computed by dividing income available to common stockholders by the weighted average number of shares of common stock outstanding for the period, increased for the dilutive effect of common stock equivalents.
	The following table shows how the Company computed basic and diluted earnings per share of common stock for the three months ended March 31, 2015 and 2014:
		Three Months Ended March 31,
		2015		2014
		(Dollars in thousands,
		except share and per share)
	Basic
	Net income	$	1,298	$	989
	Weighted average common shares outstanding	29,076,708		20,224,684
	Earnings per common share - basic	$	0.04	$	0.05
	Diluted
	Net income	$	1,298	$	989
	Weighted average common shares outstanding	29,076,708		20,224,684
	Add: dilutive effects of assumed exercises of stock options	-		-
	Weighted average common shares - fully dilutive	29,076,708		20,224,684
	Earnings per common share - diluted	$	0.04	$	0.05
	Stock options for 93,750 shares of common stock were not considered in computing diluted earnings per common share for the three months ended March 31, 2015 and 2014 because they were anti-dilutive.

Securities

Securities	3 Months Ended
	Mar. 31, 2015
Securities
Securities
	NOTE (3) – Securities
	The following table summarizes the amortized cost and fair value of the available-for-sale investment securities portfolios at March 31, 2015 and December 31, 2014 and the corresponding amounts of unrealized gains and losses which are recognized in accumulated other comprehensive income (loss):
		Amortized Cost		Gross		Gross		Fair Value
				Unrealized		Unrealized
				Gains		Losses
		(In thousands)
	March 31, 2015:
	Residential mortgage-backed	$	13,929	$	574	$	-	$	14,503
	U.S. Government and federal agency	1,935		48		-		1,983
	Total available-for-sale securities	$	15,864	$	622	$	-	$	16,486
	December 31, 2014:
	Residential mortgage-backed	$	14,578	$	540	$	-	$	15,118
	U.S. Government and federal agency	1,932		25		-		1,957
	Total available-for-sale securities	$	16,510	$	565	$	-	$	17,075
	At March 31, 2015, the Bank’s investment portfolio had an estimated remaining life of 4.1 years.  The amortized cost and fair value of the investment securities portfolio are shown by contractual maturity at March 31, 2015.  Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties.  Securities not due at a single maturity date, primarily residential mortgage-backed securities, are shown separately.
		Available-for-Sale
	Maturity	Amortized Cost		Fair Value
		(In thousands)
	Within one year	$	-	$	-
	One to five years	1,935		1,983
	Five to ten years	-		-
	Beyond ten years	-		-
	Residential mortgage-backed	13,929		14,503
	Total	$	15,864	$	16,486
	At March 31, 2015 and December 31, 2014, securities pledged to secure public deposits had a carrying amount of $1.2 million.  At March 31, 2015 and December 31, 2014, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity.
	There were no sales of securities during the three months ended March 31, 2015 and 2014.

Loans_Receivable_Held_for_Sale

Loans Receivable Held for Sale (Loans receivable held for sale)	3 Months Ended
	Mar. 31, 2015
Loans receivable held for sale
Loans Receivable Held for Sale
Loans Receivable Held for Sale
	NOTE (4) – Loans Receivable Held for Sale
	Loans receivable held for sale at March 31, 2015 and December 31, 2014 totaled $19.8 million and $19.5 million, respectively, and consisted of multi-family loans.  During the three months ended March 31, 2015, multi-family loans originated for sale totaled $12.6 million and sales of multi-family loans totaled $12.3 million.

Loans_Receivable_Held_for_Inve

Loans Receivable Held for Investment (Loans receivable held for investment)	3 Months Ended
	Mar. 31, 2015
Loans receivable held for investment
Loans Receivable Held for Investment
Loans Receivable Held for Investment
	NOTE (5) – Loans Receivable Held for Investment
	Loans at March 31, 2015 and December 31, 2014 were as follows:
		March 31, 2015					December 31, 2014
			(In thousands)
	Real estate:
	Single family		$	35,866				$	40,055
	Multi-family		180,430					173,550
	Commercial real estate		13,718					16,719
	Church		49,545					54,127
	Construction		376					387
	Commercial – other		239					261
	Consumer		11					9
	Gross loans receivable		280,185					285,108
	Allowance for loan losses		(7,671		)			(8,465		)
	Loans receivable, net		$	272,514				$	276,643
	The following tables present the activity in the allowance for loan losses by loan type for the three months ended March 31, 2015 and 2014:
			Three Months Ended March 31, 2015
			Real Estate
			Single			Multi-			Commercial				Church			Construction				Commercial			Consumer			Total
			family			family			real estate											- other
			(In thousands)
	Beginning balance		$	1,174		$	2,726		$	496			$	4,047		$		7		$	12		$	3		$	8,465
	Provision for (recapture of) loan losses		-10			15			-60				-689			-3				-1			-2			-750
	Recoveries		-			-			-				6			-				-			-			6
	Loans charged off		-			-			-				-50			-				-			-			-50
	Ending balance		$	1,164		$	2,741		$	436			$	3,314		$		4		$	11		$	1		$	7,671
			Three Months Ended March 31, 2014
			Real Estate
			Single			Multi-			Commercial				Church			Construction				Commercial			Consumer			Total
			family			family			real estate											- other
			(In thousands)
	Beginning balance		$	1,930		$	1,726		$	1,473			$	4,949		$		7		$	55		$		6	$	10,146
	Provision for (recapture of) loan losses		-55			381			-252				-55			-				-1,099			-2			-1,082
	Recoveries		2			-			-				156			-				1,082			-			1,240
	Loans charged off		-3			-			-9				-183			-				-18			-			-213
	Ending balance		$	1,874		$	2,107		$		1,212		$	4,867		$	7			$	20		$		4	$	10,091
	The following tables present the balance in the allowance for loan losses and the recorded investment by loan type and based on impairment method as of March 31, 2015 and December 31, 2014:
			March 31, 2015
			Real Estate
			Single			Multi-			Commercial			Church			Construction			Commercial			Consumer			Total
			family			family			real estate									- other
			(In thousands)
	Allowance for loan losses:
	Ending allowance balance attributable to loans:
	Individually evaluated for impairment		$	140		$	85		$	112		$	1,198		$	-		$	9		$	-		$	1,544
	Collectively evaluated for impairment		1,024			2,656			324			2,116			4			2			1			6,127
	Total ending allowance balance		$	1,164		$	2,741		$	436		$	3,314		$	4		$	11		$	1		$	7,671
	Loans:
	Loans individually evaluated for impairment		$	1,377		$	2,720		$	3,161		$	13,537		$	-		$	89		$	-		$	20,884
	Loans collectively evaluated for impairment		34,489			177,710			10,557			36,008			376			150			11			259,301
	Total ending loans balance		$	35,866		$	180,430		$	13,718		$	49,545		$	376		$	239		$	11		$	280,185
			December 31, 2014
			Real Estate
			Single			Multi-			Commercial			Church			Construction			Commercial			Consumer			Total
			family			family			real estate									- other
			(In thousands)
	Allowance for loan losses:
	Ending allowance balance attributable to loans:
	Individually evaluated for impairment		$	132		$	115		$	161		$	1,088		$	-		$	10		$	-		$	1,506
	Collectively evaluated for impairment		1,042			2,611			335			2,959			7			2			3			6,959
	Total ending allowance balance		$	1,174		$	2,726		$	496		$	4,047		$	7		$	12		$	3		$	8,465
	Loans:
	Loans individually evaluated for impairment		$	1,414		$	2,765		$	4,636		$	14,602		$	-		$	102		$	-		$	23,519
Loans collectively evaluated for impairment		38,641			170,785			12,083			39,525			387			159			9			261,589
Total ending loans balance		$	40,055		$	173,550		$	16,719		$	54,127		$	387		$	261		$	9		$	285,108
The following table presents information related to loans individually evaluated for impairment by loan type as of March 31, 2015 and December 31, 2014:
		March 31, 2015									December 31, 2014
		Unpaid			Recorded			Allowance			Unpaid			Recorded			Allowance
		Principal			Investment			for Loan			Principal			Investment			for Loan
		Balance						Losses			Balance						Losses
								Allocated									Allocated
		(In thousands)
With no related allowance recorded:
Single family		$	1,442		$	703		$	-		$	1,448		$	736		$	-
Multi-family		1,769			1,580			-			1,384			1,263			-
Commercial real estate		4,827			1,123			-			4,836			1,174			-
Church		5,956			4,076			-			6,234			4,350			-
Commercial - other		21			21			-			34			34			-
With an allowance recorded:
Single family		674			674			140			678			678			132
Multi-family		1,140			1,140			85			1,541			1,502			115
Commercial real estate		2,048			2,038			112			3,473			3,462			161
Church		9,842			9,461			1,198			10,751			10,252			1,088
Commercial -other		68			68			9			68			68			10
Total		$	27,787		$	20,884		$	1,544		$	30,447		$	23,519		$	1,506
The recorded investment in loans excludes accrued interest receivable due to immateriality.  For purposes of this disclosure, the unpaid principal balance is not reduced for net charge-offs.
The following tables present the monthly average of loans individually evaluated for impairment by loan type and the related interest income for the three months ended March 31, 2015 and 2014.
		Three Months Ended March 31, 2015											Three Months Ended March 31, 2014
		Average					Cash Basis						Average							Cash Basis
		Recorded					Interest						Recorded							Interest
		Investment					Income						Investment							Income
							Recognized													Recognized
		(In thousands)
Single family			$	1,382				$	7						$	3,000						$	17
Multi-family			2,740					16							3,861							23
Commercial real estate			4,264					106							4,881							93
Church			14,603					142							19,719							141
Commercial -other			95					2							144							3
Total			$	23,084				$	273						$	31,605						$	277
Cash-basis interest income recognized represents cash received for interest payments on accruing impaired loans.  Interest payments collected on non-accrual loans are characterized as payments of principal rather than payments of the outstanding accrued interest on the loans until the remaining principal on the non-accrual loans is considered to be fully collectible.  Foregone interest income that would have been recognized had loans performed in accordance with their original terms amounted to $284 thousand and $493 thousand for the three months ended March 31, 2015 and 2014, respectively, and were not included in the consolidated results of operations.
The following tables present the aging of the recorded investment in past due loans as of March 31, 2015 and December 31, 2014 by loan type:
		March 31, 2015
		30-59					60-89					Greater than					Total					Current
		Days					Days					90 Days					Past Due
		Past Due					Past Due					Past Due
		(In thousands)
Loans receivable held for investment:
Single family			$	-				$	-				$	-				$	-				$	35,866
Multi-family			-					-					-					-					180,430
Commercial real estate			-					-					-					-					13,718
Church			-					-					258					258					49,287
Construction			-					-					-					-					376
Commercial - other			21					-					-					21					218
Consumer			-					-					-					-					11
Total			$	21				$	-				$	258				$	279				$	279,906
		December 31, 2014
		30-59					60-89					Greater than					Total					Current
		Days					Days					90 Days					Past Due
		Past Due					Past Due					Past Due
		(In thousands)
Loans receivable held for investment:
Single family			$	-				$	-				$	-				$	-				$	40,055
Multi-family			455					-					-					455					173,095
Commercial real estate			856					-					-					856					15,863
Church			-					180					987					1,167					52,960
Construction			-					-					-					-					387
Commercial - other			34					-					-					34					227
Consumer			-					-					-					-					9
Total			$	1,345				$	180				$	987				$	2,512				$	282,596
The following table presents the recorded investment in non-accrual loans by loan type as of March 31, 2015 and December 31, 2014:
		March 31, 2015					December 31, 2014
		(In thousands)
Loans receivable held for investment:
Single family			$	703				$	736
Multi-family			1,580					1,618
Commercial real estate			1,123					1,174
Church			4,217					5,232
Commercial - other			89					102
Total non-accrual loans			$	7,712				$	8,862
There were no loans 90 days or more delinquent that were accruing interest as of March 31, 2015 or December 31, 2014.
Troubled Debt Restructurings
At March 31, 2015, loans classified as troubled debt restructurings (“TDRs”) totaled $18.4 million, of which $5.2 million were included in non-accrual loans and $13.2 million were on accrual status.  At December 31, 2014, loans classified as TDRs totaled $20.2 million, of which $5.5 million were included in non-accrual loans and $14.7 million were on accrual status.  The Company has allocated $1.5 million and $1.3 million of specific reserves for accruing TDRs as of March 31, 2015 and December 31, 2014, respectively.  TDRs on accrual status are comprised of loans that were accruing at the time of restructuring or loans that have complied with the terms of their restructured agreements for a satisfactory period of time, and for which the Bank anticipates full repayment of both principal and interest.  TDRs that are on non-accrual status can be returned to accrual status after a period of sustained performance, generally determined to be six months of timely payments as modified.  A well-documented credit analysis that supports a return to accrual status based on the borrower’s financial condition and prospects for repayment under the revised terms is also required.  As of March 31, 2015 and December 31, 2014, the Company had no commitment to lend additional amounts to customers with outstanding loans that are classified as TDRs.  No loans were modified during the three months ended March 31, 2015 and 2014.
Credit Quality Indicators
The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as:  current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors.  For single family residential, consumer and other smaller balance homogenous loans, a credit grade is established at inception, and generally only adjusted based on performance.  Information about payment status is disclosed elsewhere herein.  The Company analyzes all other loans individually by classifying the loans as to credit risk.  This analysis is performed at least on a quarterly basis.  The Company uses the following definitions for risk ratings:
	·		Watch.  Loans classified as watch exhibit weaknesses that could threaten the current net worth and paying capacity of the obligors.  Watch graded loans are generally performing and are not more than 59 days past due. A watch rating is used when a material deficiency exists but correction is anticipated within an acceptable time frame.
	·		Special Mention.  Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.
	·		Substandard.  Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.
	·		Doubtful.  Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.
	·		Loss.  Loans classified as loss are considered uncollectible and of such little value that to continue to carry the loan as an active asset is no longer warranted.
Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans.  Pass rated loans are generally well protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral.  Pass rated loans are not more than 59 days past due and are generally performing in accordance with the loan terms.  Based on the most recent analysis performed, the risk category of loans by loan type as of March 31, 2015 and December 31, 2014 is as follows:
		March 31, 2015
		Pass			Watch			Special Mention			Substandard			Doubtful			Loss
		(In thousands)
Single family		$	31,711		$	-		$	3,448		$	707		$	-		$	-
Multi-family		177,266			-			969			2,195			-			-
Commercial real estate		10,274			-			283			3,161			-			-
Church		38,138			786			1,449			9,172			-			-
Construction		376			-			-			-			-			-
Commercial - other		150			-			-			89			-			-
Consumer		11			-			-			-			-			-
Total		$	257,926		$	786		$	6,149		$	15,324		$	-		$	-
		December 31, 2014
		Pass			Watch			Special Mention			Substandard			Doubtful			Loss
		(In thousands)
Single family		$	35,850		$	-		$	3,465		$	740		$	-		$	-
Multi-family		170,700			-			613			2,237			-			-
Commercial real estate		13,218			-			284			3,217			-			-
Church		41,716			-			2,202			10,209			-			-
Construction		387			-			-			-			-			-
Commercial - other		159			-			-			102			-			-
Consumer		9			-			-			-			-			-
Total		$	262,039		$	-		$	6,564		$	16,505		$	-		$	-

Junior_Subordinated_Debentures

Junior Subordinated Debentures	3 Months Ended
	Mar. 31, 2015
Junior Subordinated Debentures:
Junior Subordinated Debentures
	NOTE (6) – Junior Subordinated Debentures
	On March 17, 2004, the Company issued $6.0 million of Floating Rate Junior Subordinated Debentures (the “Debentures”) in a private placement to a trust that was capitalized to purchase subordinated debt and preferred stock of multiple community banks.  Interest on the Debentures is payable quarterly at a rate per annum equal to the 3-Month LIBOR plus 2.54%.  The interest rate is determined as of each March 17, June 17, September 17, and December 17, and was 2.81% at March 31, 2015.  On October 16, 2014, the Company made payments of $900 thousand of principal on Debentures, executed a Supplemental Indenture for the Debentures that extended the maturity of the Debentures to March 17, 2024, and modified the payment terms of the remaining $5.1 million principal amount thereof.  The modified terms of the Debentures require quarterly payments of interest only for the next five years at the original rate of 3-Month LIBOR plus 2.54%.  Starting in June 2019, the Company will be required to make quarterly payments of equal amounts of principal, plus interest, until the Debentures are fully amortized on March 17, 2024.  The Debentures may be called for redemption at any time by the Company.

Fair_Value

Fair Value	3 Months Ended
	Mar. 31, 2015
Fair Value
Fair Value
	NOTE (7) – Fair Value
	Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.  There are three levels of inputs that may be used to measure fair values:
	Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.
	Level 2: Significant observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
	Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.
	The Company used the following methods and significant assumptions to estimate fair value:
	The fair values of securities available-for-sale are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs) or matrix pricing, which is a mathematical technique to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs).
	The Company’s loans receivable held for sale are carried at the lower of cost or fair value. The fair value of loans receivable held for sale is determined by pricing for comparable assets or by outstanding commitments from third party investors, resulting in a Level 2 classification.
	The fair value of impaired loans that are collateral dependent is generally based upon the fair value of the collateral which is obtained from recent real estate appraisals.  These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach.  Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available.  Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value.  Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly.
	Assets acquired through or by transfer in lieu of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis.  These assets are subsequently accounted for at the lower of cost or fair value less estimated costs to sell.  Fair value is commonly based on recent real estate appraisals which are updated every nine months.  These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach.  Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available.  Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value.  Real estate owned properties are evaluated on a quarterly basis for additional impairment and adjusted accordingly.
	Appraisals for collateral-dependent impaired loans and real estate owned are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company.  Once received, an independent third-party licensed appraiser reviews the appraisals for accuracy and reasonableness, reviewing the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics.
	Assets Measured on a Recurring Basis
	Assets measured at fair value on a recurring basis are summarized below:
		Fair Value Measurements at March 31, 2015
		Quoted Prices			Significant			Significant			Total
		in Active			Other			Unobservable
		Markets for			Observable			Inputs
		Identical			Inputs			(Level 3)
		Assets			(Level 2)
		(Level 1)
		(In thousands)
	Assets:
	Securities available-for-sale - residential mortgage-backed	$	-		$	14,503		$	-		$	14,503
	Securities available-for-sale - U.S. Government and federal agency	1,983			-			-			1,983
		Fair Value Measurements at December 31, 2014
		Quoted Prices			Significant			Significant			Total
		in Active			Other			Unobservable
		Markets for			Observable			Inputs
		Identical			Inputs			(Level 3)
		Assets			(Level 2)
		(Level 1)
		(In thousands)
	Assets:
	Securities available-for-sale - residential mortgage-backed	$	-		$	15,118		$	-		$	15,118
	Securities available-for-sale - U.S. Government and federal agency		1,957			-			-			1,957
	There were no transfers between Level 1, Level 2, or Level 3 during the three months ended March 31, 2015 and 2014.
	Assets Measured on a Non-Recurring Basis
	Assets are considered to be reflected at fair value on a non-recurring basis if the fair value measurement of the instrument does not necessarily result in a change in the amount recorded on the balance sheet.  Generally, a non-recurring valuation is the result of the application of other accounting pronouncements that require assets to be assessed for impairment or recorded at the lower of cost or fair value.
	The following table provides information regarding the carrying values of our assets measured at fair value on a non-recurring basis at the dates indicated.  The fair value measurement for all of these assets falls within Level 3 of the fair value hierarchy, except for loans receivable held for sale which is a Level 2 classification.
		March 31, 2015			December 31, 2014
		(In thousands)
	Assets:
	Loans receivable held for sale:
	Multi-family	$	19,982		$	19,679
	Impaired loans carried at fair value of collateral:
	Single family	521			549
	Multi-family	-			323
	Commercial real estate	1,126			1,177
	Church	2,874			3,779
	Real estate owned:
	Church	2,479			2,082
	The following tables present quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at March 31, 2015 and December 31, 2014:
		March 31, 2015
		Fair Value			Valuation		Unobservable		Range
					Technique(s)		Input(s)		(Weighted
									Average)
		(Dollars in thousands)
	Impaired loans – single family	$	521		Sales comparison approach		Adjustment for differences between the comparable sales		-9% to -3%
									(-6%)
	Impaired loans – commercial real estate	1,126			Sales comparison approach		Adjustment for differences between the comparable sales		0% to 1%
									0%
					Income approach		Capitalization rate		4.75% to 7.25%
									-6.57%
Impaired loans – church	2,874			Sales comparison approach		Adjustment for differences between the comparable sales		-12% to 18%
								(5%)
Real estate owned – church	2,479			Sales comparison approach		Adjustment for differences between the comparable sales		-2% to -1%
								(-1%)
	December 31, 2014
	Fair Value			Valuation		Unobservable		Range
				Technique(s)		Input(s)		(Weighted
								Average)
	(Dollars in thousands)
Impaired loans – single family	$	549		Sales comparison approach		Adjustment for differences between the comparable sales		-1% to 9%
								(-4%)
Impaired loans – multi-family	323			Sales comparison approach		Adjustment for differences between the comparable sales		-18%
				Income approach		Capitalization rate		7%
Impaired loans – commercial real estate	1,177			Sales comparison approach		Adjustment for differences between the comparable sales		0% to 1%
								0%
				Income approach		Capitalization rate		5% to 7.25%
								-6.64%
Impaired loans – church	3,779			Sales comparison approach		Adjustment for differences between the comparable sales		-12% to 18%
								(5%)
				Income approach		Capitalization rate		6%
Real estate owned – church	2,082			Sales comparison approach		Adjustment for differences between the comparable sales		-1% to 2%
								(0%)
Fair Values of Financial Instruments
The carrying amounts and estimated fair values of financial instruments, at March 31, 2015 and December 31, 2014 were as follows:
					Fair Value Measurements at March 31, 2015
	Carrying				Level 1			Level 2			Level 3			Total
	Value
	(In thousands)
Financial Assets:
Cash and cash equivalents	$	28,549			$	28,549		$	-		$	-		$	28,549
Securities available-for-sale	16,486				1,983			14,503			-			16,486
Loans receivable held for sale	19,813				-			19,982			-			19,982
Loans receivable held for investment	272,514				-			-			272,864			272,864
Accrued interest receivable	1,172				12			37			1,123			1,172
Federal Home Loan Bank stock	3,972				-			-			-			N/A
Financial Liabilities:
Deposits	$		222,092		$	-		$	215,316		$	-		$	215,316
Federal Home Loan Bank advances	84,500				-			86,817			-			86,817
Junior subordinated debentures	5,100				-			-			2,980			2,980
Accrued interest payable	42				-			36			6			42
				Fair Value Measurements at December 31, 2014
	Carrying			Level 1			Level 2			Level 3			Total
	Value
	(In thousands)
Financial Assets:
Cash and cash equivalents	$	20,790		$	20,790		$	-		$	-		$	20,790
Securities available-for-sale	17,075			1,957			15,118			-			17,075
Loans receivable held for sale	19,481			-			19,679			-			19,679
Loans receivable held for investment	276,643			-			-			277,000			277,000
Accrued interest receivable	1,216			6			39			1,171			1,216
Federal Home Loan Bank stock	4,254			-			-			-			N/A
Financial Liabilities:
Deposits	$	217,867		$	-		$	210,181		$	-		$	210,181
Federal Home Loan Bank advances	86,000			-			88,246			-			88,246
Junior subordinated debentures	5,100			-			-			2,034			2,034
Accrued interest payable	69			-			39			30			69
The methods and assumptions, not previously presented, used to estimate fair values are described as follows:
(a) Cash and Cash Equivalents
The carrying amounts of cash and cash equivalents approximate fair values and are classified as Level 1.
(b) Loans receivable held for investment
Fair values of loans, excluding loans receivable held for sale, are estimated as follows:  For variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values resulting in a Level 3 classification.  Fair values for other loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality resulting in a Level 3 classification.  Impaired loans are valued at the lower of cost or fair value as described previously.  The methods utilized to estimate the fair value of loans do not necessarily represent an exit price.
(c) FHLB Stock
It is not practical to determine the fair value of FHLB stock due to restrictions placed on its transferability.
(d) Accrued Interest Receivable/Payable
The carrying amounts of accrued interest receivable/payable approximate their fair value and are classified the same as the related asset.
(e) Deposits
The fair values disclosed for demand deposits (e.g., interest and non-interest checking, passbook savings, and certain types of money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amount) resulting in Level 2 classification.  Fair values for fixed rate certificates of deposit are estimated using discounted cash flow calculations that apply interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits resulting in a Level 2 classification.
(f) Federal Home Loan Bank Advances
The fair values of the Federal Home Loan Bank advances are estimated using discounted cash flow analyses based on the current borrowing rates for similar types of borrowing arrangements resulting in a Level 2 classification.
(g) Junior Subordinated Debentures
The fair values of the Debentures are estimated using discounted cash flow analyses based on the current borrowing rates for similar types of borrowing arrangements resulting in a Level 3 classification.

StockBased_Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2015
Stock based Compensation
Stock-based Compensation
	NOTE (8) – Stock-based Compensation
	In 2008, the Company adopted the 2008 Long-Term Incentive Plan (“2008 LTIP”), which was approved by its stockholders.  The 2008 LTIP permits the grant of non-qualified and incentive stock options, stock appreciation rights, full value awards and cash incentive awards to the Company’s non-employee directors and certain officers and employees for up to 2,000,000 shares of common stock.  Option awards are generally granted with an exercise price equal to the market price of the Company’s common stock at the date of grant; the option awards have vesting periods ranging from immediate vesting to 5 years and have 10-year contractual terms.
	No options were granted during the three months ended March 31, 2015 and 2014.  The Company recorded no stock-based compensation expense during the three months ended March 31, 2015 and $11 thousand of stock-based compensation expense during the three months ended March 31, 2014.

Regulatory_Matters

Regulatory Matters	3 Months Ended
	Mar. 31, 2015
Regulatory Matters
Regulatory Matters
	NOTE (9) – Regulatory Matters
	Effective September 9, 2010, the Company and the Bank agreed to the issuance of cease and desist orders (the “Orders”) by the Office of Thrift Supervision, which was succeeded by the Office of the Comptroller of the Currency (“OCC”).  The Order applicable to the Company prohibits the Company from paying dividends to its stockholders without the prior written approval of the FRB, which is now the federal regulator for savings and loan holding companies.  In addition, the Company is not permitted to incur, issue, renew, repurchase, make payments on or increase any debt or redeem any capital stock without prior notice to and receipt of written notice of non-objection from the FRB.
	Effective October 30, 2013, the Bank entered into a Consent Order with the OCC, which superseded the Order applicable to the Bank.  The Bank’s capital requirements are administered by the OCC and involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices.  Capital amounts and classifications are also subject to qualitative judgments by the OCC.  Failure to meet capital requirements can result in regulatory action.
	As part of the Consent Order, the Bank is required to maintain a Tier 1 Leverage ratio (Tier 1 capital to adjusted total assets) of at least 9% and a Total Capital ratio (Total capital to risk-weighted assets) of at least 13%, both of which ratios are greater than the respective 4% and 8% levels for such ratios that are generally required under OCC regulations.
	The Federal Reserve and the Federal Deposit Insurance Corporation approved final capital rules in July 2013 that substantially amend the existing capital rules for banks.  These new rules reflect, in part, certain standards initially adopted by the Basel Committee on Banking Supervision in December 2010 (which standards are commonly referred to as “Basel III”) as well as requirements contemplated by the Dodd-Frank Act.
	Beginning in the first quarter of 2015, the Bank became subject to the Basel III capital requirements, including the standardized approach for calculating risk-weighted assets in accordance with subpart D of the final capital rule.  The final rules revise the definition and calculation of Tier 1 capital, Total capital, and include a new Common Equity Tier 1 capital.
	Common Equity Tier 1 capital primarily includes common shareholders’ equity less certain deductions for goodwill and other intangibles net of related taxes, MSRs net of related taxes that arise from tax loss and credit carryforwards.  Tier 1 capital is primarily comprised of Common Equity Tier 1 capital, perpetual preferred stock and certain qualifying capital instruments (TRUPS) that are subject to phase-out from Tier 1 capital.  Tier 2 capital primarily includes qualifying subordinated debt and qualifying ALLL.
	The new capital rules include a new Common Equity Tier 1 capital to risk-weighted assets minimum ratio of 4.5%, raise the minimum ratio of Tier 1 capital to risk-weighted assets from 4.0% to 6.0%, require a minimum ratio of Total capital to risk-weighted assets of 8.0%, and require a minimum Tier 1 Leverage ratio of 4.0%.  A new capital conservation buffer is also established above the regulatory minimum capital requirements.  This capital conservation buffer will be phased in beginning January 1, 2016 at 0.625% of risk-weighted assets and will increase each subsequent year by an additional 0.625% until reaching its final level of 2.5% on January 1, 2019.  An institution that does not meet the conservation buffer will be subject to restrictions on certain activities, including payment of dividends, stock repurchases, and discretionary bonuses to executive officers.
	The Bank met the minimum capital requirements under the Consent Order at March 31, 2015 and December 31, 2014.  Actual and required capital amounts and ratios at March 31, 2015 and December 31, 2014, together with the higher capital requirements that the Bank is required to meet under the Consent Order applicable to it, are presented below.
		Actual			Required for			Capital
					Capital Adequacy			Requirements
					Purposes			under Consent
								Order
		Amount		Ratio	Amount		Ratio	Amount		Ratio
		(Dollars in thousands)
	March 31, 2015:
	Tier 1 Leverage	$	41,249	11.73%	$	14,062	4.00%	$	31,639	9.00%
	Common Equity Tier 1	$	41,249	17.20%	$	10,794	4.50%		N/A	N/A
	Tier 1	$	41,249	17.20%	$	14,392	6.00%	N/A		N/A
	Total Capital	$	44,305	18.47%	$	19,190	8.00%	$	31,182	13.00%
	December 31, 2014:
	Tier 1 Leverage	$	39,773	11.34%	$	14,028	4.00%	$	31,562	9.00%
	Tier 1	$	39,773	16.41%	$	9,695	4.00%		N/A	N/A
	Total Capital	$	42,870	17.69%	$	19,390	8.00%	$	31,508	13.00%

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Taxes
Income Taxes
	NOTE (10) – Income Taxes
	The Company and its subsidiaries are subject to U.S. federal and state income taxes. Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
	Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all, of the deferred tax asset will not be realized. In assessing the realization of deferred tax assets, management evaluates both positive and negative evidence, including the existence of cumulative losses in the current year and the prior two years, the amount of taxes paid in available carry-back years, the forecasts of future income and tax planning strategies. This analysis is updated quarterly. Based on this analysis, the Company determined that a valuation allowance of $8.3 million was required as of March 31, 2015, resulting in $0 net deferred tax assets. The Company had recorded a valuation allowance of $8.8 million and $0 net deferred tax assets as of December 31, 2014.

Basis_of_Financial_Statement_P1

Basis of Financial Statement Presentation (Policies)	3 Months Ended
	Mar. 31, 2015
Basis of Financial Statement Presentation
Recent Accounting Pronouncements
	Recent Accounting Pronouncements
	In August 2014, the FASB issued ASU 2014-15, “Presentation of Financial Statements - Going Concern (Subtopic 205-40) - Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”.  ASU 2014-15 incorporates into U.S. GAAP a requirement that management complete a going concern evaluation similar to that performed by an entity’s external auditor.  Under the new guidance, management will be required to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date of issuance of the entity’s financial statements.  Further, an entity must provide certain disclosures if there is substantial doubt about the entity’s ability to continue as a going concern.  ASU 2014-15 is effective for annual periods ending after December 15, 2016, and interim periods thereafter.  Early adoption is permitted. Adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements.
	In January 2015, the FASB issued ASU 2015-01, “Income Statement - Extraordinary and Unusual Items (Subtopic 225-20) - Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items”.  ASU 2015-01 eliminates from U.S. GAAP the concept of extraordinary items, which, among other things, required an entity to segregate extraordinary items considered to be unusual and infrequent from the results of ordinary operations and show the item separately in the income statement, net of tax, after income from continuing operations.  ASU 2015-01 is effective for annual periods ending after December 15, 2015, and interim periods thereafter.  Early adoption is permitted. Adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements.
	In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs”.  Under ASU 2015-03, the Company will present debt issuance costs in the balance sheet as a reduction from the related debt liability rather than as an asset.  Amortization of such costs will continue to be reported as interest expense.  ASU 2015-03 is effective for annual periods ending after December 15, 2015, and interim periods thereafter.  Early adoption is permitted.  Retrospective adoption is required.  Adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements.

Earnings_Loss_Per_Common_Share

Earnings (Loss) Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share of Common Stock
Schedule of basic and diluted earnings per share of common stock
		Three Months Ended March 31,
		2015		2014
		(Dollars in thousands,
		except share and per share)
	Basic
	Net income	$	1,298	$	989
	Weighted average common shares outstanding	29,076,708		20,224,684
	Earnings per common share - basic	$	0.04	$	0.05
	Diluted
	Net income	$	1,298	$	989
	Weighted average common shares outstanding	29,076,708		20,224,684
	Add: dilutive effects of assumed exercises of stock options	-		-
	Weighted average common shares - fully dilutive	29,076,708		20,224,684
	Earnings per common share - diluted	$	0.04	$	0.05

Securities_Tables

Securities (Tables)	3 Months Ended
	Mar. 31, 2015
Securities
Summary of amortized cost and fair value of available-for-sale investment securities and corresponding amounts of unrealized gains (losses)
		Amortized Cost		Gross		Gross		Fair Value
				Unrealized		Unrealized
				Gains		Losses
		(In thousands)
	March 31, 2015:
	Residential mortgage-backed	$	13,929	$	574	$	-	$	14,503
	U.S. Government and federal agency	1,935		48		-		1,983
	Total available-for-sale securities	$	15,864	$	622	$	-	$	16,486
	December 31, 2014:
	Residential mortgage-backed	$	14,578	$	540	$	-	$	15,118
	U.S. Government and federal agency	1,932		25		-		1,957
	Total available-for-sale securities	$	16,510	$	565	$	-	$	17,075
Schedule of amortized cost and fair value of the investment securities portfolios by contractual maturity
		Available-for-Sale
	Maturity	Amortized Cost		Fair Value
		(In thousands)
	Within one year	$	-	$	-
	One to five years	1,935		1,983
	Five to ten years	-		-
	Beyond ten years	-		-
	Residential mortgage-backed	13,929		14,503
	Total	$	15,864	$	16,486

Loans_Receivable_Held_for_Inve1

Loans Receivable Held for Investment (Tables)	3 Months Ended
	Mar. 31, 2015
Loans Receivable Held for Investment
Schedule of loans receivable
		March 31, 2015					December 31, 2014
			(In thousands)
	Real estate:
	Single family		$	35,866				$	40,055
	Multi-family		180,430					173,550
	Commercial real estate		13,718					16,719
	Church		49,545					54,127
	Construction		376					387
	Commercial – other		239					261
	Consumer		11					9
	Gross loans receivable		280,185					285,108
	Allowance for loan losses		(7,671		)			(8,465		)
	Loans receivable, net		$	272,514				$	276,643
Activity in the allowance for loan losses by loan type
			Three Months Ended March 31, 2015
			Real Estate
			Single			Multi-			Commercial				Church			Construction				Commercial			Consumer			Total
			family			family			real estate											- other
			(In thousands)
	Beginning balance		$	1,174		$	2,726		$	496			$	4,047		$		7		$	12		$	3		$	8,465
	Provision for (recapture of) loan losses		-10			15			-60				-689			-3				-1			-2			-750
	Recoveries		-			-			-				6			-				-			-			6
	Loans charged off		-			-			-				-50			-				-			-			-50
	Ending balance		$	1,164		$	2,741		$	436			$	3,314		$		4		$	11		$	1		$	7,671
			Three Months Ended March 31, 2014
			Real Estate
			Single			Multi-			Commercial				Church			Construction				Commercial			Consumer			Total
			family			family			real estate											- other
			(In thousands)
	Beginning balance		$	1,930		$	1,726		$	1,473			$	4,949		$		7		$	55		$		6	$	10,146
	Provision for (recapture of) loan losses		-55			381			-252				-55			-				-1,099			-2			-1,082
	Recoveries		2			-			-				156			-				1,082			-			1,240
	Loans charged off		-3			-			-9				-183			-				-18			-			-213
	Ending balance		$	1,874		$	2,107		$		1,212		$	4,867		$	7			$	20		$		4	$	10,091
Allowance for loan losses and recorded investment in loans by loan type and based on impairment method
			March 31, 2015
			Real Estate
			Single			Multi-			Commercial			Church			Construction			Commercial			Consumer			Total
			family			family			real estate									- other
			(In thousands)
	Allowance for loan losses:
	Ending allowance balance attributable to loans:
	Individually evaluated for impairment		$	140		$	85		$	112		$	1,198		$	-		$	9		$	-		$	1,544
	Collectively evaluated for impairment		1,024			2,656			324			2,116			4			2			1			6,127
	Total ending allowance balance		$	1,164		$	2,741		$	436		$	3,314		$	4		$	11		$	1		$	7,671
	Loans:
	Loans individually evaluated for impairment		$	1,377		$	2,720		$	3,161		$	13,537		$	-		$	89		$	-		$	20,884
	Loans collectively evaluated for impairment		34,489			177,710			10,557			36,008			376			150			11			259,301
	Total ending loans balance		$	35,866		$	180,430		$	13,718		$	49,545		$	376		$	239		$	11		$	280,185
			December 31, 2014
			Real Estate
			Single			Multi-			Commercial			Church			Construction			Commercial			Consumer			Total
			family			family			real estate									- other
			(In thousands)
	Allowance for loan losses:
	Ending allowance balance attributable to loans:
	Individually evaluated for impairment		$	132		$	115		$	161		$	1,088		$	-		$	10		$	-		$	1,506
	Collectively evaluated for impairment		1,042			2,611			335			2,959			7			2			3			6,959
	Total ending allowance balance		$	1,174		$	2,726		$	496		$	4,047		$	7		$	12		$	3		$	8,465
	Loans:
	Loans individually evaluated for impairment		$	1,414		$	2,765		$	4,636		$	14,602		$	-		$	102		$	-		$	23,519
	Loans collectively evaluated for impairment		38,641			170,785			12,083			39,525			387			159			9			261,589
	Total ending loans balance		$	40,055		$	173,550		$	16,719		$	54,127		$	387		$	261		$	9		$	285,108
Loans individually evaluated for impairment by loan type
			March 31, 2015									December 31, 2014
			Unpaid			Recorded			Allowance			Unpaid			Recorded			Allowance
			Principal			Investment			for Loan			Principal			Investment			for Loan
			Balance						Losses			Balance						Losses
									Allocated									Allocated
			(In thousands)
	With no related allowance recorded:
	Single family		$	1,442		$	703		$	-		$	1,448		$	736		$	-
	Multi-family		1,769			1,580			-			1,384			1,263			-
	Commercial real estate		4,827			1,123			-			4,836			1,174			-
	Church		5,956			4,076			-			6,234			4,350			-
	Commercial - other		21			21			-			34			34			-
	With an allowance recorded:
	Single family		674			674			140			678			678			132
	Multi-family		1,140			1,140			85			1,541			1,502			115
	Commercial real estate		2,048			2,038			112			3,473			3,462			161
	Church		9,842			9,461			1,198			10,751			10,252			1,088
	Commercial -other		68			68			9			68			68			10
	Total		$	27,787		$	20,884		$	1,544		$	30,447		$	23,519		$	1,506
Average of loans individually evaluated for impairment by loan type and related interest income
			Three Months Ended March 31, 2015											Three Months Ended March 31, 2014
			Average					Cash Basis						Average							Cash Basis
			Recorded					Interest						Recorded							Interest
			Investment					Income						Investment							Income
								Recognized													Recognized
			(In thousands)
	Single family			$	1,382				$	7						$	3,000						$	17
	Multi-family			2,740					16							3,861							23
	Commercial real estate			4,264					106							4,881							93
	Church			14,603					142							19,719							141
	Commercial -other			95					2							144							3
	Total			$	23,084				$	273						$	31,605						$	277
Aging of recorded investment in past due loans by loan type
			March 31, 2015
			30-59					60-89					Greater than					Total					Current
			Days					Days					90 Days					Past Due
			Past Due					Past Due					Past Due
			(In thousands)
	Loans receivable held for investment:
	Single family			$	-				$	-				$	-				$	-				$	35,866
	Multi-family			-					-					-					-					180,430
	Commercial real estate			-					-					-					-					13,718
	Church			-					-					258					258					49,287
	Construction			-					-					-					-					376
	Commercial - other			21					-					-					21					218
	Consumer			-					-					-					-					11
	Total			$	21				$	-				$	258				$	279				$	279,906
			December 31, 2014
			30-59					60-89					Greater than					Total					Current
			Days					Days					90 Days					Past Due
			Past Due					Past Due					Past Due
			(In thousands)
	Loans receivable held for investment:
	Single family			$	-				$	-				$	-				$	-				$	40,055
	Multi-family			455					-					-					455					173,095
	Commercial real estate			856					-					-					856					15,863
	Church			-					180					987					1,167					52,960
	Construction			-					-					-					-					387
	Commercial - other			34					-					-					34					227
	Consumer			-					-					-					-					9
	Total			$	1,345				$	180				$	987				$	2,512				$	282,596
Recorded investment in nonaccrual loans by loan type
			March 31, 2015					December 31, 2014
			(In thousands)
	Loans receivable held for investment:
	Single family			$	703				$	736
	Multi-family			1,580					1,618
	Commercial real estate			1,123					1,174
	Church			4,217					5,232
	Commercial - other			89					102
	Total non-accrual loans			$	7,712				$	8,862
Risk category of loans by loan type
			March 31, 2015
			Pass			Watch			Special Mention			Substandard			Doubtful			Loss
			(In thousands)
	Single family		$	31,711		$	-		$	3,448		$	707		$	-		$	-
	Multi-family		177,266			-			969			2,195			-			-
	Commercial real estate		10,274			-			283			3,161			-			-
	Church		38,138			786			1,449			9,172			-			-
	Construction		376			-			-			-			-			-
	Commercial - other		150			-			-			89			-			-
	Consumer		11			-			-			-			-			-
	Total		$	257,926		$	786		$	6,149		$	15,324		$	-		$	-
			December 31, 2014
			Pass			Watch			Special Mention			Substandard			Doubtful			Loss
			(In thousands)
	Single family		$	35,850		$	-		$	3,465		$	740		$	-		$	-
	Multi-family		170,700			-			613			2,237			-			-
	Commercial real estate		13,218			-			284			3,217			-			-
	Church		41,716			-			2,202			10,209			-			-
	Construction		387			-			-			-			-			-
	Commercial - other		159			-			-			102			-			-
	Consumer		9			-			-			-			-			-
	Total		$	262,039		$	-		$	6,564		$	16,505		$	-		$	-

Fair_Value_Tables

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value
Summary of assets measured at fair value on recurring basis
		Fair Value Measurements at March 31, 2015
		Quoted Prices			Significant			Significant			Total
		in Active			Other			Unobservable
		Markets for			Observable			Inputs
		Identical			Inputs			(Level 3)
		Assets			(Level 2)
		(Level 1)
		(In thousands)
	Assets:
	Securities available-for-sale - residential mortgage-backed	$	-		$	14,503		$	-		$	14,503
	Securities available-for-sale - U.S. Government and federal agency	1,983			-			-			1,983
		Fair Value Measurements at December 31, 2014
		Quoted Prices			Significant			Significant			Total
		in Active			Other			Unobservable
		Markets for			Observable			Inputs
		Identical			Inputs			(Level 3)
		Assets			(Level 2)
		(Level 1)
		(In thousands)
	Assets:
	Securities available-for-sale - residential mortgage-backed	$	-		$	15,118		$	-		$	15,118
	Securities available-for-sale - U.S. Government and federal agency		1,957			-			-			1,957
Schedule of carrying values of assets measured at fair value on non-recurring basis
		March 31, 2015			December 31, 2014
		(In thousands)
	Assets:
	Loans receivable held for sale:
	Multi-family	$	19,982		$	19,679
	Impaired loans carried at fair value of collateral:
	Single family	521			549
	Multi-family	-			323
	Commercial real estate	1,126			1,177
	Church	2,874			3,779
	Real estate owned:
	Church	2,479			2,082
Schedule of quantitative information on financial instruments measured on non-recurring basis
		March 31, 2015
		Fair Value			Valuation		Unobservable		Range
					Technique(s)		Input(s)		(Weighted
									Average)
		(Dollars in thousands)
	Impaired loans – single family	$	521		Sales comparison approach		Adjustment for differences between the comparable sales		-9% to -3%
									(-6%)
	Impaired loans – commercial real estate	1,126			Sales comparison approach		Adjustment for differences between the comparable sales		0% to 1%
									0%
					Income approach		Capitalization rate		4.75% to 7.25%
									-6.57%
	Impaired loans – church	2,874			Sales comparison approach		Adjustment for differences between the comparable sales		-12% to 18%
									(5%)
	Real estate owned – church	2,479			Sales comparison approach		Adjustment for differences between the comparable sales		-2% to -1%
									(-1%)
		December 31, 2014
		Fair Value			Valuation		Unobservable		Range
					Technique(s)		Input(s)		(Weighted
									Average)
		(Dollars in thousands)
	Impaired loans – single family	$	549		Sales comparison approach		Adjustment for differences between the comparable sales		-1% to 9%
									(-4%)
	Impaired loans – multi-family	323			Sales comparison approach		Adjustment for differences between the comparable sales		-18%
					Income approach		Capitalization rate		7%
	Impaired loans – commercial real estate	1,177			Sales comparison approach		Adjustment for differences between the comparable sales		0% to 1%
									0%
					Income approach		Capitalization rate		5% to 7.25%
									-6.64%
	Impaired loans – church	3,779			Sales comparison approach		Adjustment for differences between the comparable sales		-12% to 18%
									(5%)
					Income approach		Capitalization rate		6%
	Real estate owned – church	2,082			Sales comparison approach		Adjustment for differences between the comparable sales		-1% to 2%
									(0%)
Schedule of carrying amounts and estimated fair values of financial instruments
						Fair Value Measurements at March 31, 2015
		Carrying				Level 1			Level 2			Level 3			Total
		Value
		(In thousands)
	Financial Assets:
	Cash and cash equivalents	$	28,549			$	28,549		$	-		$	-		$	28,549
	Securities available-for-sale	16,486				1,983			14,503			-			16,486
	Loans receivable held for sale	19,813				-			19,982			-			19,982
	Loans receivable held for investment	272,514				-			-			272,864			272,864
	Accrued interest receivable	1,172				12			37			1,123			1,172
	Federal Home Loan Bank stock	3,972				-			-			-			N/A
	Financial Liabilities:
	Deposits	$		222,092		$	-		$	215,316		$	-		$	215,316
	Federal Home Loan Bank advances	84,500				-			86,817			-			86,817
	Junior subordinated debentures	5,100				-			-			2,980			2,980
	Accrued interest payable	42				-			36			6			42
					Fair Value Measurements at December 31, 2014
		Carrying			Level 1			Level 2			Level 3			Total
		Value
		(In thousands)
	Financial Assets:
	Cash and cash equivalents	$	20,790		$	20,790		$	-		$	-		$	20,790
	Securities available-for-sale	17,075			1,957			15,118			-			17,075
	Loans receivable held for sale	19,481			-			19,679			-			19,679
	Loans receivable held for investment	276,643			-			-			277,000			277,000
	Accrued interest receivable	1,216			6			39			1,171			1,216
	Federal Home Loan Bank stock	4,254			-			-			-			N/A
	Financial Liabilities:
	Deposits	$	217,867		$	-		$	210,181		$	-		$	210,181
	Federal Home Loan Bank advances	86,000			-			88,246			-			88,246
	Junior subordinated debentures	5,100			-			-			2,034			2,034
	Accrued interest payable	69			-			39			30			69

Regulatory_Capital_Matters_Tab

Regulatory Capital Matters (Tables)	3 Months Ended
	Mar. 31, 2015
Regulatory Matters
Schedule of actual and required capital amounts and ratios
		Actual			Required for			Capital
					Capital Adequacy			Requirements
					Purposes			under Consent
								Order
		Amount		Ratio	Amount		Ratio	Amount		Ratio
		(Dollars in thousands)
	March 31, 2015:
	Tier 1 Leverage	$	41,249	11.73%	$	14,062	4.00%	$	31,639	9.00%
	Common Equity Tier 1	$	41,249	17.20%	$	10,794	4.50%		N/A	N/A
	Tier 1	$	41,249	17.20%	$	14,392	6.00%	N/A		N/A
	Total Capital	$	44,305	18.47%	$	19,190	8.00%	$	31,182	13.00%
	December 31, 2014:
	Tier 1 Leverage	$	39,773	11.34%	$	14,028	4.00%	$	31,562	9.00%
	Tier 1	$	39,773	16.41%	$	9,695	4.00%		N/A	N/A
	Total Capital	$	42,870	17.69%	$	19,390	8.00%	$	31,508	13.00%

Earnings_Per_Share_of_Common_S1

Earnings Per Share of Common Stock (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Basic
Net income	$1,298	$989
Weighted average common shares outstanding	29,076,708	20,224,684
Earnings per common share - basic (in dollars per share)	$0.04	$0.05
Diluted
Net income	$1,298	$989
Weighted average common shares outstanding	29,076,708	20,224,684
Weighted average common shares - fully dilutive	29,076,708	20,224,684
Earnings per common share - diluted (in dollars per share)	$0.04	$0.05
Anti-dilutive stock options not considered in computing diluting earnings (loss) per common share	93,750	93,750

Securities_Details

Securities (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Securities
Amortized Cost	$15,864	$16,510
Gross Unrealized Gains	622	565
Fair Value	16,486	17,075
Residential mortgage-backed
Securities
Amortized Cost	13,929	14,578
Gross Unrealized Gains	574	540
Fair Value	14,503	15,118
U.S. Government and federal agency
Securities
Amortized Cost	1,935	1,932
Gross Unrealized Gains	48	25
Fair Value	$1,983	$1,957

Securities_Details_2

Securities (Details 2) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Securities
Estimated remaining term	4 years 1 month 6 days
Amortized Cost
One to five years	$1,935,000
Residential mortgage-backed	13,929,000
Total	15,864,000
Fair Value
One to five years	1,983,000
Residential mortgage-backed	14,503,000
Total	16,486,000
Securities pledged	1,200,000		1,200,000
Securities of any one issuer, other than U.S. Government, greater than 10% of shareholders equity	0		0
Shareholders equity representing a concentration risk for any one securities investment (as a percent)	10.00%		10.00%
Sales of securities	$0	$0

Loans_Receivable_Held_for_Sale1

Loans Receivable Held for Sale (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Loans Receivable Held for Sale
Loans receivable held for sale	$19,813,000	$19,481,000
Payments for Origination of Mortgage Loans Held-for-sale	12,562,000
Multi-family
Loans Receivable Held for Sale
Loans receivable held for sale	19,800,000	19,500,000
Payments for Origination of Mortgage Loans Held-for-sale	12,600,000
Sale of loans	$12,300,000

Loans_Receivable_Held_for_Inve2

Loans Receivable Held for Investment (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Loans Receivable Held for Investment
Gross loans receivable	$280,185	$285,108
Allowance for loan losses	-7,671	-8,465	-10,091	-10,146
Loans receivable, net	272,514	276,643
Single family
Loans Receivable Held for Investment
Gross loans receivable	35,866	40,055
Allowance for loan losses	-1,164	-1,174	-1,874	-1,930
Multi-family
Loans Receivable Held for Investment
Gross loans receivable	180,430	173,550
Allowance for loan losses	-2,741	-2,726	-2,107	-1,726
Commercial real estate
Loans Receivable Held for Investment
Gross loans receivable	13,718	16,719
Allowance for loan losses	-436	-496	-1,212	-1,473
Church
Loans Receivable Held for Investment
Gross loans receivable	49,545	54,127
Allowance for loan losses	-3,314	-4,047	-4,867	-4,949
Construction
Loans Receivable Held for Investment
Gross loans receivable	376	387
Allowance for loan losses	-4	-7	-7	-7
Commercial - other
Loans Receivable Held for Investment
Gross loans receivable	239	261
Allowance for loan losses	-11	-12	-20	-55
Consumer
Loans Receivable Held for Investment
Gross loans receivable	11	9
Allowance for loan losses	($1)	($3)	($4)	($6)

Loans_Receivable_Held_for_Inve3

Loans Receivable Held for Investment (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2013
Allowance for loan losses
Beginning balance	$8,465	$10,146
Provision for (recapture of) loan losses	-750	-1,082
Recoveries	6	1,240
Loans charged off	-50	-213
Ending balance	7,671	10,091
Single family
Allowance for loan losses
Beginning balance	1,174	1,930
Provision for (recapture of) loan losses	-10	-55
Recoveries		2
Loans charged off		-3
Ending balance	1,164	1,874
Multi-family
Allowance for loan losses
Beginning balance	2,726	1,726
Provision for (recapture of) loan losses	15	381
Ending balance	2,741	2,107
Commercial real estate
Allowance for loan losses
Beginning balance	496	1,473
Provision for (recapture of) loan losses	-60	-252
Loans charged off		-9
Ending balance	436	1,212
Church
Allowance for loan losses
Beginning balance	4,047	4,949
Provision for (recapture of) loan losses	-689	-55
Recoveries	6	156
Loans charged off	-50	-183
Ending balance	3,314	4,867
Construction
Allowance for loan losses
Beginning balance	7		7
Provision for (recapture of) loan losses	-3
Ending balance	4	7	7
Commercial - other
Allowance for loan losses
Beginning balance	12	55
Provision for (recapture of) loan losses	-1	-1,099
Recoveries		1,082
Loans charged off		-18
Ending balance	11	20
Consumer
Allowance for loan losses
Beginning balance	3	6
Provision for (recapture of) loan losses	-2	-2
Ending balance	$1	$4

Loans_Receivable_Held_for_Inve4

Loans Receivable Held for Investment (Details 3) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$1,544	$1,506
Collectively evaluated for impairment	6,127	6,959
Total ending allowance balance	7,671	8,465	10,091	10,146
Loans:
Loans individually evaluated for impairment	20,884	23,519
Loans collectively evaluated for impairment	259,301	261,589
Total ending loans balance	280,185	285,108
Single family
Ending allowance balance attributable to loans:
Individually evaluated for impairment	140	132
Collectively evaluated for impairment	1,024	1,042
Total ending allowance balance	1,164	1,174	1,874	1,930
Loans:
Loans individually evaluated for impairment	1,377	1,414
Loans collectively evaluated for impairment	34,489	38,641
Total ending loans balance	35,866	40,055
Multi-family
Ending allowance balance attributable to loans:
Individually evaluated for impairment	85	115
Collectively evaluated for impairment	2,656	2,611
Total ending allowance balance	2,741	2,726	2,107	1,726
Loans:
Loans individually evaluated for impairment	2,720	2,765
Loans collectively evaluated for impairment	177,710	170,785
Total ending loans balance	180,430	173,550
Commercial real estate
Ending allowance balance attributable to loans:
Individually evaluated for impairment	112	161
Collectively evaluated for impairment	324	335
Total ending allowance balance	436	496	1,212	1,473
Loans:
Loans individually evaluated for impairment	3,161	4,636
Loans collectively evaluated for impairment	10,557	12,083
Total ending loans balance	13,718	16,719
Church
Ending allowance balance attributable to loans:
Individually evaluated for impairment	1,198	1,088
Collectively evaluated for impairment	2,116	2,959
Total ending allowance balance	3,314	4,047	4,867	4,949
Loans:
Loans individually evaluated for impairment	13,537	14,602
Loans collectively evaluated for impairment	36,008	39,525
Total ending loans balance	49,545	54,127
Construction
Ending allowance balance attributable to loans:
Collectively evaluated for impairment	4	7
Total ending allowance balance	4	7	7	7
Loans:
Loans collectively evaluated for impairment	376	387
Total ending loans balance	376	387
Commercial - other
Ending allowance balance attributable to loans:
Individually evaluated for impairment	9	10
Collectively evaluated for impairment	2	2
Total ending allowance balance	11	12	20	55
Loans:
Loans individually evaluated for impairment	89	102
Loans collectively evaluated for impairment	150	159
Total ending loans balance	239	261
Consumer
Ending allowance balance attributable to loans:
Collectively evaluated for impairment	1	3
Total ending allowance balance	1	3	4	6
Loans:
Loans collectively evaluated for impairment	11	9
Total ending loans balance	$11	$9

Loans_Receivable_Held_for_Inve5

Loans Receivable Held for Investment (Details 4) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Impaired loans
Unpaid principal balance	$27,787	$30,447
Recorded investment	20,884	23,519
Allowance for loan losses allocated, with an allowance recorded	1,544	1,506
Single family
Impaired loans
Unpaid principal balance, with no related allowance recorded	1,442	1,448
Unpaid principal balance, with an allowance recorded	674	678
Recorded investment, with no related allowance recorded	703	736
Recorded investment, with an allowance recorded	674	678
Allowance for loan losses allocated, with an allowance recorded	140	132
Multi-family
Impaired loans
Unpaid principal balance, with no related allowance recorded	1,769	1,384
Unpaid principal balance, with an allowance recorded	1,140	1,541
Recorded investment, with no related allowance recorded	1,580	1,263
Recorded investment, with an allowance recorded	1,140	1,502
Allowance for loan losses allocated, with an allowance recorded	85	115
Commercial real estate
Impaired loans
Unpaid principal balance, with no related allowance recorded	4,827	4,836
Unpaid principal balance, with an allowance recorded	2,048	3,473
Recorded investment, with no related allowance recorded	1,123	1,174
Recorded investment, with an allowance recorded	2,038	3,462
Allowance for loan losses allocated, with an allowance recorded	112	161
Church
Impaired loans
Unpaid principal balance, with no related allowance recorded	5,956	6,234
Unpaid principal balance, with an allowance recorded	9,842	10,751
Recorded investment, with no related allowance recorded	4,076	4,350
Recorded investment, with an allowance recorded	9,461	10,252
Allowance for loan losses allocated, with an allowance recorded	1,198	1,088
Commercial - other
Impaired loans
Unpaid principal balance, with no related allowance recorded	21	34
Unpaid principal balance, with an allowance recorded	68	68
Recorded investment, with no related allowance recorded	21	34
Recorded investment, with an allowance recorded	68	68
Allowance for loan losses allocated, with an allowance recorded	$9	$10

Loans_Receivable_Held_for_Inve6

Loans Receivable Held for Investment (Details 5) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Impaired loans
Average Recorded Investment	$23,084	$31,605
Cash Basis Interest Income Recognized	273	277
Foregone interest income if impaired loans had performed according to terms	284	493
Single family
Impaired loans
Average Recorded Investment	1,382	3,000
Cash Basis Interest Income Recognized	7	17
Multi-family
Impaired loans
Average Recorded Investment	2,740	3,861
Cash Basis Interest Income Recognized	16	23
Commercial real estate
Impaired loans
Average Recorded Investment	4,264	4,881
Cash Basis Interest Income Recognized	106	93
Church
Impaired loans
Average Recorded Investment	14,603	19,719
Cash Basis Interest Income Recognized	142	141
Commercial - other
Impaired loans
Average Recorded Investment	95	144
Cash Basis Interest Income Recognized	$2	$3

Loans_Receivable_Held_for_Inve7

Loans Receivable Held for Investment (Details 6) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Past due receivable
30-59 Days Past Due, Loans receivable	$21	$1,345
60-89 Days Past Due, Loans receivable		180
Greater than 90 Days Past Due, Loans receivable	258	987
Total Past Due, Loans receivable	279	2,512
Current	279,906	282,596
Single family
Past due receivable
Current	35,866	40,055
Multi-family
Past due receivable
30-59 Days Past Due, Loans receivable		455
Total Past Due, Loans receivable		455
Current	180,430	173,095
Commercial real estate
Past due receivable
30-59 Days Past Due, Loans receivable		856
Total Past Due, Loans receivable		856
Current	13,718	15,863
Church
Past due receivable
60-89 Days Past Due, Loans receivable		180
Greater than 90 Days Past Due, Loans receivable	258	987
Total Past Due, Loans receivable	258	1,167
Current	49,287	52,960
Construction
Past due receivable
Current	376	387
Commercial - other
Past due receivable
30-59 Days Past Due, Loans receivable	21	34
Total Past Due, Loans receivable	21	34
Current	218	227
Consumer
Past due receivable
Current	$11	$9

Loans_Receivable_Held_for_Inve8

Loans Receivable Held for Investment (Details 7) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Investment in non-accrual loans by type of loans
Total non-accrual loans	$7,712	$8,862
Loans 90 days or more delinquent that were accruing interest	0	0
Single family
Investment in non-accrual loans by type of loans
Total non-accrual loans	703	736
Multi-family
Investment in non-accrual loans by type of loans
Total non-accrual loans	1,580	1,618
Commercial real estate
Investment in non-accrual loans by type of loans
Total non-accrual loans	1,123	1,174
Church
Investment in non-accrual loans by type of loans
Total non-accrual loans	4,217	5,232
Commercial - other
Investment in non-accrual loans by type of loans
Total non-accrual loans	$89	$102

Loans_Receivable_Held_for_Inve9

Loans Receivable Held for Investment (Details 8) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	loan	loan
Troubled debt restructuring
Loans classified as Troubled Debt Restructurings	$18,400,000		$20,200,000
Specific reserves allocated to TDRs	1,500,000		1,300,000
Timely payment period for return to accrual status	6 months
Commitments to lend additional amounts to customers with TDRs	0		0
Number of loans modified	0	0
Non-accrual status
Troubled debt restructuring
Loans classified as Troubled Debt Restructurings	5,200,000		5,500,000
Accrual status
Troubled debt restructuring
Loans classified as Troubled Debt Restructurings	$13,200,000		$14,700,000

Recovered_Sheet1

Loans Receivable Held for Investment (Details 9) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Credit Quality Indicators
Loans receivable	$280,185	$285,108
Single family
Credit Quality Indicators
Loans receivable	35,866	40,055
Multi-family
Credit Quality Indicators
Loans receivable	180,430	173,550
Commercial real estate
Credit Quality Indicators
Loans receivable	13,718	16,719
Church
Credit Quality Indicators
Loans receivable	49,545	54,127
Construction
Credit Quality Indicators
Loans receivable	376	387
Commercial - other
Credit Quality Indicators
Loans receivable	239	261
Consumer
Credit Quality Indicators
Loans receivable	11	9
Pass
Credit Quality Indicators
Loans receivable	257,926	262,039
Pass | Single family
Credit Quality Indicators
Loans receivable	31,711	35,850
Pass | Multi-family
Credit Quality Indicators
Loans receivable	177,266	170,700
Pass | Commercial real estate
Credit Quality Indicators
Loans receivable	10,274	13,218
Pass | Church
Credit Quality Indicators
Loans receivable	38,138	41,716
Pass | Construction
Credit Quality Indicators
Loans receivable	376	387
Pass | Commercial - other
Credit Quality Indicators
Loans receivable	150	159
Pass | Consumer
Credit Quality Indicators
Loans receivable	11	9
Watch
Credit Quality Indicators
Loans receivable	786
Watch | Church
Credit Quality Indicators
Loans receivable	786
Special Mention
Credit Quality Indicators
Loans receivable	6,149	6,564
Special Mention | Single family
Credit Quality Indicators
Loans receivable	3,448	3,465
Special Mention | Multi-family
Credit Quality Indicators
Loans receivable	969	613
Special Mention | Commercial real estate
Credit Quality Indicators
Loans receivable	283	284
Special Mention | Church
Credit Quality Indicators
Loans receivable	1,449	2,202
Substandard
Credit Quality Indicators
Loans receivable	15,324	16,505
Substandard | Single family
Credit Quality Indicators
Loans receivable	707	740
Substandard | Multi-family
Credit Quality Indicators
Loans receivable	2,195	2,237
Substandard | Commercial real estate
Credit Quality Indicators
Loans receivable	3,161	3,217
Substandard | Church
Credit Quality Indicators
Loans receivable	9,172	10,209
Substandard | Commercial - other
Credit Quality Indicators
Loans receivable	$89	$102

Junior_Subordinated_Debentures1

Junior Subordinated Debentures (Details) (USD $)	0 Months Ended	3 Months Ended
In Thousands, unless otherwise specified	Oct. 16, 2014	Mar. 31, 2015	Dec. 31, 2014	Mar. 17, 2004
Junior subordinated debentures
Junior subordinated debentures	$5,100	5,100	$5,100
Floating Rate Junior Subordinated Debentures
Junior subordinated debentures
Payment of principal amount at face value required to extend maturity	900
Junior subordinated debentures				$6,000
Effective interest rate on debentures (as a percent)		2.81%
Number of years of quarterly payments of interest only	5 years
Floating Rate Junior Subordinated Debentures | 3-month Libor
Junior subordinated debentures
Debt instrument interest rate description		3-Month LIBOR
Basis spread (as a percent)		2.54%

Fair_Value_Details

Fair Value (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Fair Value
Transfers between levels	$0	$0
Significant Other Observable Unobservable Inputs (Level 2
Fair Value
Securities available-for-sale, at fair value	14,503		15,118
Total
Fair Value
Securities available-for-sale, at fair value	16,486		17,075
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value
Securities available-for-sale, at fair value	1,983		1,957
Recurring basis | Significant Other Observable Unobservable Inputs (Level 2 | Residential mortgage-backed
Fair Value
Securities available-for-sale, at fair value	14,503		15,118
Recurring basis | Total | Residential mortgage-backed
Fair Value
Securities available-for-sale, at fair value	14,503		15,118
Recurring basis | Total | U.S. Government and federal agency
Fair Value
Securities available-for-sale, at fair value	1,983		1,957
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Government and federal agency
Fair Value
Securities available-for-sale, at fair value	$1,983		$1,957

Fair_Value_Details_2

Fair Value (Details 2) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Significant Unobservable Inputs (Level 3)
Fair Value
Loans receivable, fair value	$272,864	$277,000
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3) | Single family | Impaired loans
Fair Value
Loans receivable, fair value	521	549
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3) | Multi-family | Impaired loans
Fair Value
Loans receivable, fair value		323
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3) | Commercial real estate | Impaired loans
Fair Value
Loans receivable, fair value	1,126	1,177
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3) | Church | Impaired loans
Fair Value
Loans receivable, fair value	2,874	3,779
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3) | Church | Real estate owned.
Fair Value
Assets, fair value	2,479	2,082
Fair Value, Measurements, Nonrecurring | Significant Other Observable Unobservable Inputs (Level 2 | Multi-family | Loans held for sale
Fair Value
Loans receivable, fair value	$19,982	$19,679

Fair_Value_Details_3

Fair Value (Details 3) (Significant Unobservable Inputs (Level 3), USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Fair value quantitative information
Fair Value	272,864	277,000
Fair Value, Measurements, Nonrecurring | Impaired loans | Single family
Fair value quantitative information
Fair Value	521	549
Fair Value, Measurements, Nonrecurring | Impaired loans | Multi-family
Fair value quantitative information
Fair Value		323
Fair Value, Measurements, Nonrecurring | Impaired loans | Commercial real estate
Fair value quantitative information
Fair Value	1,126	1,177
Fair Value, Measurements, Nonrecurring | Impaired loans | Church
Fair value quantitative information
Fair Value	2,874	3,779
Fair Value, Measurements, Nonrecurring | Impaired loans | Sales comparison approach | Single family | Minimum
Fair value quantitative information
Adjustment for differences between the comparable sales (as a percent)	-9.00%	-1.00%
Fair Value, Measurements, Nonrecurring | Impaired loans | Sales comparison approach | Single family | Maximum
Fair value quantitative information
Adjustment for differences between the comparable sales (as a percent)	-3.00%	9.00%
Fair Value, Measurements, Nonrecurring | Impaired loans | Sales comparison approach | Single family | Weighted Average
Fair value quantitative information
Adjustment for differences between the comparable sales (as a percent)	-6.00%	-4.00%
Fair Value, Measurements, Nonrecurring | Impaired loans | Sales comparison approach | Multi-family
Fair value quantitative information
Adjustment for differences between the comparable sales (as a percent)		-18.00%
Fair Value, Measurements, Nonrecurring | Impaired loans | Sales comparison approach | Commercial real estate | Minimum
Fair value quantitative information
Adjustment for differences between the comparable sales (as a percent)	0.00%	0.00%
Fair Value, Measurements, Nonrecurring | Impaired loans | Sales comparison approach | Commercial real estate | Maximum
Fair value quantitative information
Adjustment for differences between the comparable sales (as a percent)	1.00%	1.00%
Fair Value, Measurements, Nonrecurring | Impaired loans | Sales comparison approach | Commercial real estate | Weighted Average
Fair value quantitative information
Adjustment for differences between the comparable sales (as a percent)	0.00%	0.00%
Fair Value, Measurements, Nonrecurring | Impaired loans | Sales comparison approach | Church | Minimum
Fair value quantitative information
Adjustment for differences between the comparable sales (as a percent)	-12.00%	-12.00%
Fair Value, Measurements, Nonrecurring | Impaired loans | Sales comparison approach | Church | Maximum
Fair value quantitative information
Adjustment for differences between the comparable sales (as a percent)	18.00%	18.00%
Fair Value, Measurements, Nonrecurring | Impaired loans | Sales comparison approach | Church | Weighted Average
Fair value quantitative information
Adjustment for differences between the comparable sales (as a percent)	5.00%	5.00%
Fair Value, Measurements, Nonrecurring | Impaired loans | Income approach | Multi-family
Fair value quantitative information
Capitalization rate (as a percent)		7.00%
Fair Value, Measurements, Nonrecurring | Impaired loans | Income approach | Commercial real estate | Minimum
Fair value quantitative information
Capitalization rate (as a percent)	4.75%	5.00%
Fair Value, Measurements, Nonrecurring | Impaired loans | Income approach | Commercial real estate | Maximum
Fair value quantitative information
Capitalization rate (as a percent)	7.25%	7.25%
Fair Value, Measurements, Nonrecurring | Impaired loans | Income approach | Commercial real estate | Weighted Average
Fair value quantitative information
Capitalization rate (as a percent)	6.57%	6.64%
Fair Value, Measurements, Nonrecurring | Impaired loans | Income approach | Church
Fair value quantitative information
Capitalization rate (as a percent)		6.00%
Fair Value, Measurements, Nonrecurring | Real estate owned. | Church
Fair value quantitative information
Fair Value	2,479	2,082
Fair Value, Measurements, Nonrecurring | Real estate owned. | Sales comparison approach | Church | Minimum
Fair value quantitative information
Adjustment for differences between the comparable sales (as a percent)	-2.00%	-1.00%
Fair Value, Measurements, Nonrecurring | Real estate owned. | Sales comparison approach | Church | Maximum
Fair value quantitative information
Adjustment for differences between the comparable sales (as a percent)	-1.00%	2.00%
Fair Value, Measurements, Nonrecurring | Real estate owned. | Sales comparison approach | Church | Weighted Average
Fair value quantitative information
Adjustment for differences between the comparable sales (as a percent)	-1.00%	0.00%

Fair_Value_Details_4

Fair Value (Details 4) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial Assets:
Cash and cash equivalents	$28,549	$20,790
Securities available-for-sale	1,983	1,957
Accrued interest receivable	12	6
Significant Other Observable Unobservable Inputs (Level 2
Financial Assets:
Securities available-for-sale	14,503	15,118
Loans receivable held for sale	19,982	19,679
Accrued interest receivable	37	39
Financial Liabilities:
Deposits	215,316	210,181
Federal Home Loan Bank advances	86,817	88,246
Accrued interest payable	36	39
Significant Unobservable Inputs (Level 3)
Financial Assets:
Loans receivable held for investment	272,864	277,000
Accrued interest receivable	1,123	1,171
Financial Liabilities:
Junior subordinated debentures	2,980	2,034
Accrued interest payable	6	30
Total
Financial Assets:
Cash and cash equivalents	28,549	20,790
Securities available-for-sale	16,486	17,075
Loans receivable held for sale	19,982	19,679
Loans receivable held for investment	272,864	277,000
Accrued interest receivable	1,172	1,216
Financial Liabilities:
Deposits	215,316	210,181
Federal Home Loan Bank advances	86,817	88,246
Junior subordinated debentures	2,980	2,034
Accrued interest payable	42	69
Carrying Value
Financial Assets:
Cash and cash equivalents	28,549	20,790
Securities available-for-sale	16,486	17,075
Loans receivable held for sale	19,813	19,481
Loans receivable held for investment	272,514	276,643
Accrued interest receivable	1,172	1,216
Federal Home Loan Bank stock	3,972	4,254
Financial Liabilities:
Deposits	222,092	217,867
Federal Home Loan Bank advances	84,500	86,000
Junior subordinated debentures	5,100	5,100
Accrued interest payable	$42	$69

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (2008 LTIP, USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Stock-based compensation
Shares authorized to be granted under stock compensation plan	2,000,000
Stock Options
Stock-based compensation
Contractual term of option awards	10 years
Stock options granted (in shares)	0	0
Stock based compensation expense	$0	$11
Stock Options | Maximum
Stock-based compensation
Vesting period of option awards	5 years

Regulatory_Matters_Details

Regulatory Matters (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Tier-1 Leverage	$41,249	$39,773
Common Equity Tier 1	41,249
Tier-1	41,249	39,773
Total Capital	44,305	42,870
Tier-1 Leverage, ratio (as a percent)	11.73%	11.34%
Common Equity Tier 1, ratio (as a percent)	17.20%
Tier 1, ratio (as a percent)	17.20%	16.41%
Total Capital, ratio (as a percent)	18.47%	17.69%
Leverage required for capital adequacy purposes	14,062	14,028
Common Equity Tier 1 required for capital adequacy purposes	10,794
Tier-1 required for capital adequacy purposes	14,392	9,695
Total Capital required for capital adequacy purposes	19,190	19,390
Leverage required for capital adequacy purposes, ratio (as a percent)	4.00%	4.00%
Common Equity Tier 1 required for capital adequacy purposes, ratio (as a percent)	4.50%
Tier-1 required for capital adequacy purposes, ratio (as a percent)	6.00%	4.00%
Total capital required for capital adequacy purposes, ratio (as a percent)	8.00%	8.00%
Leverage required under consent order	31,639	31,562
Total capital required under consent order	$31,182	$31,508
Leverage, ratio per consent order (as a percent)	9.00%	9.00%
Total Capital, ratio per consent order (as a percent)	13.00%	13.00%
Conservation Buffer Rule Starting January 2016
Basel III and Dodd Frank Rules
Capital conservation buffer (as a percent)	0.63%
Conservation Buffer Rule Subsequent to 2016
Basel III and Dodd Frank Rules
Capital conservation buffer annual increase (as a percent)	0.63%
Conservation Buffer Rule | Maximum
Basel III and Dodd Frank Rules
Capital conservation buffer (as a percent)	2.50%
Prior To Corrective Action Rules
Tier-1 required for capital adequacy purposes, ratio (as a percent)		4.00%
Corrective Action Rules
Tier-1 required for capital adequacy purposes, ratio (as a percent)	6.00%

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Income Taxes
Period for which prior cumulative losses considered in assessing the realization of deferred tax assets	2 years
Valuation allowance	$8.30	$8.80
Net deferred tax assets	$0	$0