Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2015 | Jul. 27, 2015 | |
Document and Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2015 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2,015 | |
Entity Registrant Name | BankFinancial CORP | |
Entity Central Index Key | 1,303,942 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 20,501,966 | |
Entity Well-known Seasoned Issuer | No | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Assets | ||
Cash and due from other financial institutions | $ 10,591 | $ 9,693 |
Interest-bearing deposits in other financial institutions | 66,835 | 49,888 |
Cash and cash equivalents | 77,426 | 59,581 |
Securities, at fair value | 99,137 | 121,174 |
Loans receivable, net of allowance for loan losses: June 30, 2015, $10,810 and December 31, 2014, $11,990 | 1,156,667 | 1,172,356 |
Other Real Estate Owned At Carrying Value | 5,539 | 6,358 |
Stock in Federal Home Loan Bank, at cost | 6,257 | 6,257 |
Premises and equipment, net | 33,502 | 34,286 |
Accrued interest receivable | 3,885 | 3,926 |
Core deposit intangible | 1,577 | 1,855 |
Bank owned life insurance | 22,287 | 22,193 |
Deferred Tax Assets, Net, Current | 29,145 | 31,643 |
Other assets | 4,316 | 5,781 |
Total assets | 1,439,738 | 1,465,410 |
Deposits | ||
Noninterest-bearing | 190,411 | 134,129 |
Interest-bearing | 1,009,815 | 1,077,584 |
Total deposits | 1,200,226 | 1,211,713 |
Borrowings | 3,039 | 12,921 |
Advance payments by borrowers taxes and insurance | 11,829 | 11,489 |
Accrued interest payable and other liabilities | 12,896 | 13,166 |
Total liabilities | $ 1,227,990 | $ 1,249,289 |
Commitments and contingent liabilities | ||
Stockholders' equity: | ||
Preferred Stock, $0.01 par value, 25,000,000 shares authorized, none issued or outstanding | $ 0 | $ 0 |
Common Stock, $0.01 par value, 100,000,000 shares authorized; 20,501,966 shares issued at June 30, 2015 and 21,101,966 at December 31, 2014 | 205 | 211 |
Additional paid-in capital | 186,601 | 193,845 |
Retained earnings (deficit) | 34,106 | 31,584 |
Unearned Employee Stock Ownership Plan shares | (9,791) | (10,276) |
Accumulated other comprehensive income | 627 | 757 |
Total stockholders' equity | 211,748 | 216,121 |
Total liabilities and stockholders' equity | $ 1,439,738 | $ 1,465,410 |
Consolidated Statements of Fin3
Consolidated Statements of Financial Condition (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Statement of Financial Position [Abstract] | ||
Allowance for loan losses | $ 10,810 | $ 11,990 |
Preferred Stock, par value (usd per share) | $ 0.01 | $ 0.01 |
Preferred Stock, shares authorized | 25,000,000 | 25,000,000 |
Preferred Stock, shares issued | 0 | 0 |
Preferred Stock, shares outstanding | 0 | 0 |
Common Stock, par value (usd per share) | $ 0.01 | $ 0.01 |
Common Stock, shares authorized | 100,000,000 | 100,000,000 |
Common Stock, shares issued | 20,501,966 | 21,101,966 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Interest and dividend income | ||||
Loans, including fees | $ 11,836 | $ 12,085 | $ 23,659 | $ 23,784 |
Securities | 257 | 287 | 584 | 583 |
Other | 100 | 110 | 161 | 201 |
Total interest income | 12,193 | 12,482 | 24,404 | 24,568 |
Interest expense | ||||
Deposits | 689 | 773 | 1,373 | 1,583 |
Borrowings | 2 | 1 | 4 | 3 |
Total interest expense | 691 | 774 | 1,377 | 1,586 |
Net interest income | 11,502 | 11,708 | 23,027 | 22,982 |
Provision for (recovery of) loan losses | (488) | 957 | (1,212) | 1,433 |
Net interest income | 11,990 | 10,751 | 24,239 | 21,549 |
Noninterest income | ||||
Deposit service charges and fees | 476 | 472 | 931 | 911 |
Other fee income | 601 | 593 | 1,136 | 1,114 |
Insurance commissions and annuities income | 86 | 86 | 149 | 173 |
Gain on sale of loans, net | 28 | 44 | 55 | 68 |
Gain (Loss) on Sale of Securities, Net | 0 | 0 | 0 | (7) |
Gain (Loss) on Disposition of Property | (1) | 3 | (1) | 5 |
Loan servicing fees | 96 | 104 | 186 | 208 |
Amortization and impairment of servicing assets | (32) | (44) | (57) | (80) |
Bank Owned Life Insurance Income | 45 | 61 | 94 | 125 |
Trust | 183 | 170 | 357 | 334 |
Other | 207 | 171 | 375 | 341 |
Total noninterest income | 1,689 | 1,660 | 3,225 | 3,192 |
Noninterest expense | ||||
Compensation and benefits | 5,278 | 5,596 | 10,859 | 11,554 |
Office occupancy and equipment | 1,670 | 1,626 | 3,365 | 3,540 |
Advertising and public relations | 222 | 304 | 563 | 466 |
Information technology | 657 | 691 | 1,296 | 1,330 |
Supplies, telephone, and postage | 385 | 384 | 796 | 775 |
Amortization of intangibles | 136 | 143 | 278 | 292 |
Nonperforming asset management | 108 | 97 | 199 | 201 |
Operations of other real estate owned | 92 | 409 | 446 | 666 |
FDIC insurance premiums | 262 | 470 | 497 | 949 |
Other | 1,221 | 1,262 | 2,245 | 2,580 |
Total noninterest expense | 10,031 | 10,982 | 20,544 | 22,353 |
Income (loss) before income taxes | 3,648 | 1,429 | 6,920 | 2,388 |
Income tax expense (benefit) | 1,424 | 25 | 2,710 | 42 |
Net income (loss) | $ 2,224 | $ 1,404 | $ 4,210 | $ 2,346 |
Basic earnings per common share (usd per share) | $ 0.11 | $ 0.07 | $ 0.21 | $ 0.12 |
Diluted loss per common share (usd per share) | $ 0.11 | $ 0.07 | $ 0.21 | $ 0.12 |
Weighted average common shares outstanding (shares) | 20,009,358 | 20,145,809 | 20,138,045 | 20,122,362 |
Diluted weighted average common shares outstanding (shares) | 20,013,573 | 20,160,050 | 20,142,205 | 20,136,405 |
Consolidated Statements of Ope5
Consolidated Statements of Operations Consolidated Statements of Operations (parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Income Statement [Abstract] | ||||
Other than Temporary Impairment Losses, Investments, Reclassification Adjustment of Noncredit Portion Included in Net Income, Availabe-for-sale Securities, before Tax | $ 0 | $ 0 | $ 0 | $ 7 |
Consolidated Statements Compreh
Consolidated Statements Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income (loss) | $ 2,224 | $ 1,404 | $ 4,210 | $ 2,346 |
Unrealized holding gain (loss) arising during the period | (128) | (56) | (210) | (26) |
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax | 50 | 80 | ||
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax | (78) | (56) | (130) | (26) |
Other than Temporary Impairment Losses, Investments, Reclassification Adjustment of Noncredit Portion Included in Net Income, Availabe-for-sale Securities, before Tax | 0 | 0 | 0 | 7 |
Other comprehensive loss, net of tax effect | (78) | (56) | (130) | (19) |
Comprehensive income (loss) | $ 2,146 | $ 1,348 | $ 4,080 | $ 2,327 |
Consolidated Statements of Chan
Consolidated Statements of Changes In Stockholders' Equity - USD ($) $ in Thousands | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Unearned Employee Stock Ownership Plan Shares [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
Beginning Balance at Dec. 31, 2013 | $ 175,627 | $ 211 | $ 193,594 | $ (7,342) | $ (11,255) | $ 419 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income (loss) | 2,346 | 0 | 0 | 2,346 | 0 | 0 |
Other comprehensive income, net of tax effects | (19) | 0 | 0 | 0 | 0 | (19) |
Nonvested stock awards-stock-based compensation expense | 34 | 0 | 34 | 0 | 0 | 0 |
Cash dividends declared on common stock (2014: $0.01, 2015: $0.08, per share) | (211) | 0 | 0 | (211) | 0 | 0 |
ESOP shares earned | 542 | 56 | 0 | 486 | 0 | |
Ending Balance at Jun. 30, 2014 | 178,319 | 211 | 193,684 | (5,207) | (10,769) | 400 |
Beginning Balance at Dec. 31, 2014 | 216,121 | 211 | 193,845 | 31,584 | (10,276) | 757 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income (loss) | 4,210 | 0 | 0 | 4,210 | 0 | 0 |
Other comprehensive income, net of tax effects | (130) | 0 | 0 | 0 | 0 | (130) |
Stock Repurchased During Period, Value | (7,388) | (6) | (7,382) | |||
Nonvested stock awards-stock-based compensation expense | 52 | 0 | 52 | 0 | 0 | 0 |
Cash dividends declared on common stock (2014: $0.01, 2015: $0.08, per share) | 1,688 | 1,688 | ||||
ESOP shares earned | 571 | 0 | 86 | 0 | 485 | 0 |
Ending Balance at Jun. 30, 2015 | $ 211,748 | $ 205 | $ 186,601 | $ 34,106 | $ (9,791) | $ 627 |
Consolidated Statements of Cha8
Consolidated Statements of Changes In Stockholders' Equity Consolidated Statements of Changes in Stockholders' Equity (parenthetical) - $ / shares | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Statement of Stockholders' Equity (parenthetical) [Abstract] | ||
Common Stock, Dividends, Per Share, Declared | $ 0.08 | $ 0.01 |
Stock Repurchased During Period, Shares | 600,000 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flow - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Payments to Acquire Federal Home Loan Bank Stock | $ 0 | $ 189 |
Cash flows from operating activities | ||
Net income (loss) | 4,210 | 2,346 |
Adjustments to reconcile to net loss to net cash from operating activities | ||
Provision for (recovery of) loan losses | (1,212) | 1,433 |
ESOP shares earned | 571 | 542 |
Stock-based compensation expense | 52 | 34 |
Depreciation and amortization | 1,835 | 1,932 |
Amortization of premiums and discounts on securities and loans | (151) | (257) |
Amortization Of Intangibles | 278 | 292 |
Amortization and impairment of servicing assets | 57 | 80 |
Net change in net deferred loan origination costs | (322) | (86) |
Net loss on sale of other real estate owned | (80) | (92) |
Net gain on sale of loans | (55) | (68) |
Gain (Loss) on Sale of Securities, Net | 0 | 7 |
Gain (Loss) on Sale of Property Plant Equipment | 1 | (5) |
Loans originated for sale | (2,324) | (1,986) |
Proceeds from sale of loans | 2,379 | 2,054 |
REO valuation adjustments | 236 | 77 |
Net change in: | ||
Accrued interest receivable | 41 | 190 |
Earnings on bank owned life insurance | (94) | (125) |
Other assets | 3,999 | 1,564 |
Accrued interest payable and other liabilities | (270) | 773 |
Net cash from operating activities | 9,151 | 8,705 |
Securities | ||
Proceeds from maturities | 40,011 | 29,194 |
Proceeds from principal repayments | 4,491 | 3,346 |
Proceeds from Sale of Available-for-sale Securities | 0 | 3,663 |
Purchases of securities | (22,702) | (34,317) |
Payments for Participation Liabilities | 3,350 | |
Loans receivable | ||
Principal payments on loans receivable | 230,146 | 221,233 |
Originated for investment | (218,045) | (245,967) |
Proceeds from sale of other real estate owned | 1,830 | 2,067 |
Purchases of premises and equipment, net | (282) | (223) |
Net cash from (used in) investing activities | 38,799 | (21,193) |
Cash flows from financing activities | ||
Net change in deposits | (11,487) | (15,368) |
Net change in borrowings | (9,882) | 13 |
Net change in advance payments by borrowers for taxes and insurance | 340 | 602 |
Payments for Repurchase of Common Stock | (7,388) | |
Payments of Ordinary Dividends, Common Stock | (1,688) | (211) |
Net cash used in financing activities | (30,105) | (14,964) |
Net change in cash and cash equivalents | 17,845 | (27,452) |
Beginning cash and cash equivalents | 59,581 | 160,957 |
Ending cash and cash equivalents | 77,426 | 133,505 |
Supplemental disclosures of cash flow information: | ||
Interest paid | 1,413 | 1,592 |
Income taxes paid | 26 | 114 |
Loans transferred to other real estate owned | $ 1,167 | $ 3,460 |
Summary of Significant Accounti
Summary of Significant Accounting Policies (Notes) | 6 Months Ended |
Jun. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Summary of Significant Accounting Policies | Basis of Presentation : BankFinancial Corporation, a Maryland corporation headquartered in Burr Ridge, Illinois, is the owner of all of the issued and outstanding capital stock of BankFinancial, F.S.B. (the “Bank”). Principles of Consolidation : The interim unaudited consolidated financial statements include the accounts of and transactions of BankFinancial Corporation, the Bank, and the Bank’s wholly-owned subsidiaries, Financial Assurance Services, Inc. and BF Asset Recovery Corporation (collectively, “the Company”), and reflect all normal and recurring adjustments that are, in the opinion of management, considered necessary for a fair presentation of the financial condition and results of operations for the periods presented. All significant intercompany accounts and transactions have been eliminated. The results of operations for the three- and six-month periods ended June 30, 2015 are not necessarily indicative of the results of operations that may be expected for the year ending December 31, 2015. Certain information and note disclosures normally included in financial statements prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. Use of Estimates : To prepare financial statements in conformity with GAAP, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and future results could differ. Reclassifications : Certain reclassifications have been made in the prior period’s financial statements to conform them to the current period’s presentation. These unaudited consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 , as filed with the Securities and Exchange Commission. Recent Accounti |
Earnings Per Share (Notes)
Earnings Per Share (Notes) | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | Amounts reported in earnings per share reflect earnings available to common stockholders for the period divided by the weighted average number of shares of common stock outstanding during the period, exclusive of unearned ESOP shares and unvested restricted stock shares. Stock options and restricted stock are regarded as potential common stock and are considered in the diluted earnings per share calculations to the extent that they would have a dilutive effect if converted to common stock. Three Months Ended Six Months Ended 2015 2014 2015 2014 Net income available to common stockholders $ 2,224 $ 1,404 $ 4,210 $ 2,346 Average common shares outstanding 20,811,856 21,101,966 20,956,110 21,101,966 Less: Unearned ESOP shares (792,816 ) (937,585 ) (804,864 ) (957,463 ) Unvested restricted stock shares (9,682 ) (18,572 ) (13,201 ) (22,141 ) Weighted average common shares outstanding 20,009,358 20,145,809 20,138,045 20,122,362 Add - Net effect of dilutive stock options and unvested restricted stock 4,215 14,241 4,160 14,043 Diluted weighted average common shares outstanding 20,013,573 20,160,050 20,142,205 20,136,405 Basic earnings per common share $ 0.11 $ 0.07 $ 0.21 $ 0.12 Diluted earnings per common share $ 0.11 $ 0.07 $ 0.21 $ 0.12 |
Securities (Notes)
Securities (Notes) | 6 Months Ended |
Jun. 30, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
SECURITIES | The fair value of securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income are shown below: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value June 30, 2015 Certificates of deposit $ 69,652 $ — $ — $ 69,652 Equity mutual fund 500 8 — 508 Mortgage-backed securities - residential 19,872 1,023 (48 ) 20,847 Collateralized mortgage obligations - residential 8,070 47 (13 ) 8,104 SBA-guaranteed loan participation certificates 26 — — 26 $ 98,120 $ 1,078 $ (61 ) $ 99,137 December 31, 2014 Certificates of deposit $ 86,049 $ — $ — $ 86,049 Equity mutual fund 500 9 — 509 Mortgage-backed securities - residential 23,433 1,218 (40 ) 24,611 Collateralized mortgage obligations - residential 9,936 53 (13 ) 9,976 SBA-guaranteed loan participation certificates 29 — — 29 $ 119,947 $ 1,280 $ (53 ) $ 121,174 Mortgage-backed securities and collateralized mortgage obligations reflected in the preceding table were issued by U.S. government-sponsored entities or agencies, Freddie Mac, Fannie Mae and Ginnie Mae, and are obligations which the U.S. government has affirmed its commitment to support. All securities reflected in the preceding table were classified as available-for-sale at June 30, 2015 and December 31, 2014 . The amortized cost and fair values of securities by contractual maturity are shown below. Securities not due at a single maturity date, if any, are shown separately. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. June 30, 2015 Amortized Cost Fair Value Due in one year or less $ 69,652 $ 69,652 Equity mutual fund 500 508 Mortgage-backed securities - residential 19,872 20,847 Collateralized mortgage obligations - residential 8,070 8,104 SBA-guaranteed loan participation certificates 26 26 $ 98,120 $ 99,137 Sales of securities were as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Proceeds $ — $ — $ — $ 3,663 Gross gains — — — — Gross losses — — — 7 Securities with unrealized losses not recognized in income are as follows: Less than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss June 30, 2015 Mortgage-backed securities - residential $ — $ — $ 1,761 $ (48 ) $ 1,761 $ (48 ) Collateralized mortgage obligations - residential — — 1,527 (13 ) 1,527 (13 ) $ — $ — $ 3,288 $ (61 ) $ 3,288 $ (61 ) December 31, 2014 Mortgage-backed securities - residential $ — $ — $ 2,126 $ (40 ) $ 2,126 $ (40 ) Collateralized mortgage obligations - residential — — 1,847 (13 ) 1,847 (13 ) $ — $ — $ 3,973 $ (53 ) $ 3,973 $ (53 ) The Company evaluates marketable investment securities with significant declines in fair value on a quarterly basis to determine whether they should be considered other-than-temporarily impaired under current accounting guidance, which generally provides that if a marketable security is in an unrealized loss position, whether due to general market conditions or industry or issuer-specific factors, the holder of the securities must assess whether the impairment is other-than-temporary. Certain residential mortgage-backed securities and certain collateralized mortgage obligations that the Company holds in its investment portfolio were in an unrealized loss position at June 30, 2015 , but the unrealized losses were not considered significant under the Company’s impairment testing methodology. In addition, the Company does not intend to sell these securities, and it is likely that the Company will not be required to sell these securities before their anticipated recovery occurs. |
Loans Receivable (Notes)
Loans Receivable (Notes) | 6 Months Ended |
Jun. 30, 2015 | |
Receivables [Abstract] | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Loans receivable are as follows: June 30, 2015 December 31, 2014 One-to-four family residential real estate $ 170,146 $ 180,337 Multi-family mortgage 480,585 480,349 Nonresidential real estate 224,995 234,500 Construction and land 1,442 1,885 Commercial loans 61,344 66,882 Commercial leases 225,676 217,143 Consumer 1,768 2,051 1,165,956 1,183,147 Net deferred loan origination costs 1,521 1,199 Allowance for loan losses (10,810 ) (11,990 ) Loans, net $ 1,156,667 $ 1,172,356 The following tables present the balance in the allowance for loan losses and loans receivable by portfolio segment and based on impairment method: Allowance for loan losses Loan Balances Individually evaluated for impairment Collectively evaluated for impairment Total Individually evaluated for impairment Collectively evaluated for impairment Total June 30, 2015 One-to-four family residential real estate $ — $ 1,844 $ 1,844 $ 3,830 $ 166,316 $ 170,146 Multi-family mortgage 15 4,442 4,457 3,164 477,421 480,585 Nonresidential real estate 50 2,933 2,983 3,632 221,363 224,995 Construction and land — 56 56 — 1,442 1,442 Commercial loans — 541 541 75 61,269 61,344 Commercial leases — 903 903 — 225,676 225,676 Consumer — 26 26 — 1,768 1,768 $ 65 $ 10,745 $ 10,810 $ 10,701 $ 1,155,255 1,165,956 Net deferred loan origination costs 1,521 Allowance for loan losses (10,810 ) Loans, net $ 1,156,667 Loan Balances Individually evaluated for impairment Collectively evaluated for impairment Total Individually evaluated for impairment Collectively evaluated for impairment Total December 31, 2014 One-to-four family residential real estate $ 8 $ 2,140 $ 2,148 $ 4,174 $ 176,163 $ 180,337 Multi-family mortgage 226 4,979 5,205 5,282 475,067 480,349 Nonresidential real estate 236 2,704 2,940 4,690 229,810 234,500 Construction and land — 80 80 — 1,885 1,885 Commercial loans — 554 554 76 66,806 66,882 Commercial leases — 1,009 1,009 — 217,143 217,143 Consumer — 54 54 — 2,051 2,051 $ 470 $ 11,520 $ 11,990 $ 14,222 $ 1,168,925 1,183,147 Net deferred loan origination costs 1,199 Allowance for loan losses (11,990 ) Loans, net $ 1,172,356 Activity in the allowance for loan losses is as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Beginning balance $ 11,576 $ 14,181 $ 11,990 $ 14,154 Loans charged off: One-to-four family residential real estate (99 ) (290 ) (202 ) (346 ) Multi-family mortgage (161 ) (594 ) (180 ) (684 ) Nonresidential real estate (252 ) (186 ) (263 ) (766 ) Construction and land — (1 ) — (1 ) Commercial loans — — (98 ) (22 ) Consumer (4 ) (4 ) (8 ) (10 ) (516 ) (1,075 ) (751 ) (1,829 ) Recoveries: One-to-four family residential real estate 219 97 279 108 Multi-family mortgage 4 6 8 20 Nonresidential real estate 9 264 25 284 Construction and land — 8 6 258 Commercial loans 6 14 463 22 Commercial leases — — 1 — Consumer — — 1 2 238 389 783 694 Net recoveries (charge-offs) (278 ) (686 ) 32 (1,135 ) Provision for (recovery of) loan losses (488 ) 957 (1,212 ) 1,433 Ending balance $ 10,810 $ 14,452 $ 10,810 $ 14,452 The following tables present the recorded investment in nonaccrual loans and loans past due over 90 days still on accrual by class of loans: Loan Balance Recorded Investment Loans Past Due Over 90 Days, Still Accruing June 30, 2015 One-to-four family residential real estate $ 3,275 $ 2,700 $ — One-to-four family residential real estate – non owner occupied 737 768 — Multi-family mortgage 2,860 2,382 — Nonresidential real estate 3,119 2,732 — Commercial loans – secured 76 75 — Consumer 1 1 — $ 10,068 $ 8,658 $ — December 31, 2014 One-to-four family residential real estate $ 4,793 $ 4,210 $ — One-to-four family residential real estate – non owner occupied 291 198 — Multi-family mortgage 5,638 4,481 — Nonresidential real estate 4,023 3,245 — Commercial loans – secured 76 76 — Consumer 3 3 — $ 14,824 $ 12,213 $ — Nonaccrual loans and impaired loans are defined differently. Some loans may be included in both categories, and some may only be included in one category. Nonaccrual loans include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. The Company’s reserve for uncollected loan interest was $266,000 and $464,000 at June 30, 2015 and December 31, 2014 , respectively. When a loan is on non-accrual status and the ultimate collectability of the total principal of the loan is in doubt, all payments are applied to principal under the cost recovery method. Alternatively, when a loan is on non-accrual status but there is doubt concerning only the ultimate collectability of interest, contractual interest is credited to interest income only when received, under the cash basis method pursuant to the provisions of FASB ASC 310–10, as applicable. In all cases, the average balances are calculated based on the month–end balances of the financing receivables within the period reported pursuant to the provisions of FASB ASC 310–10, as applicable. The following tables present the aging of the recorded investment of loans at June 30, 2015 by class of loans: 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due Total Past Due Loans Not Past Due Total One-to-four family residential real estate $ 103 $ 87 $ 2,398 $ 2,588 $ 120,526 $ 123,114 One-to-four family residential real estate - non-owner occupied 3 245 768 1,016 45,255 46,271 Multi-family mortgage — 304 1,666 1,970 325,571 327,541 Wholesale commercial lending — — — — 148,743 148,743 Nonresidential real estate 537 — 1,812 2,349 219,587 221,936 Construction — — — — 42 42 Land — — — — 1,389 1,389 Commercial loans: Secured — — 75 75 13,595 13,670 Unsecured — — — — 2,855 2,855 Municipal — — — — 1,933 1,933 Warehouse lines — — — — 13,011 13,011 Health care — — — — 15,923 15,923 Aviation — — — — 1,034 1,034 Other — — — — 13,099 13,099 Commercial leases: Investment rated commercial leases 68 — — 68 164,835 164,903 Below investment grade — — — — 9,293 9,293 Non-rated — — — — 41,680 41,680 Lease pools — — — — 11,202 11,202 Consumer 1 — 1 2 1,775 1,777 $ 712 $ 636 $ 6,720 $ 8,068 $ 1,151,348 $ 1,159,416 The following tables present the aging of the recorded investment of loans at December 31, 2014 by class of loans: 30-59 Days Past Due 60-89 Days Past Due 90 Days or Total Past Due Loans Not Past Due Total One-to-four family residential real estate $ 1,415 $ 276 $ 3,844 $ 5,535 $ 126,054 $ 131,589 One-to-four family residential real estate - non-owner occupied 320 165 198 683 47,350 48,033 Multi-family mortgage 2,314 1,187 3,363 6,864 334,173 341,037 Wholesale commercial lending — — — — 135,395 135,395 Nonresidential real estate 376 444 3,245 4,065 227,078 231,143 Construction — — — — 63 63 Land — — — — 1,814 1,814 Commercial loans: Secured — — 76 76 11,863 11,939 Unsecured — 1 — 1 1,884 1,885 Municipal — — — — 2,243 2,243 Warehouse lines — — — — 14,362 14,362 Health care — — — — 24,154 24,154 Aviation — — — — 1,111 1,111 Other — — — — 11,339 11,339 Commercial leases: Investment rated commercial leases 426 — — 426 160,830 161,256 Below investment grade 136 — — 136 11,246 11,382 Non-rated 8 — — 8 35,672 35,680 Lease pools — — — — 10,180 10,180 Consumer 18 1 3 22 2,038 2,060 $ 5,013 $ 2,074 $ 10,729 $ 17,816 $ 1,158,849 $ 1,176,665 The Company evaluates loan extensions or modifications in accordance with FASB ASC 310–40 with respect to the classification of the loan as a TDR. In general, if the Company grants a loan extension or modification to a borrower for other than an insignificant period of time that includes a below–market interest rate, principal forgiveness, payment forbearance or other concession intended to minimize the economic loss to the Company, the loan extension or loan modification is classified as a TDR. In cases where borrowers are granted new terms that provide for a reduction of either interest or principal then due and payable, management measures any impairment on the restructured loan in the same manner as for impaired loans as noted above. The Company had $2.7 million of TDRs at June 30, 2015 , compared to $3.0 million at December 31, 2014 . There were no specific valuation reserves allocated to those loans at June 30, 2015 and $38,000 in specific valuation reserves allocated at December 31, 2014 . The Company had no outstanding commitments to borrowers whose loans were classified as TDRs at either date. The following table presents loans classified as TDRs: June 30, 2015 December 31, 2014 One-to-four family residential real estate $ 1,578 $ 1,917 Multi-family mortgage 515 510 Troubled debt restructured loans – accrual loans 2,093 2,427 One-to-four family residential real estate 291 230 Multi-family mortgage 333 346 Troubled debt restructured loans – nonaccrual loans 624 576 Total troubled debt restructured loans $ 2,717 $ 3,003 During the three and six months ending June 30, 2015 and 2014 , the terms of certain loans were modified and classified as TDRs. The modification of the terms of such loans included one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; or a permanent reduction of the recorded investment in the loan. The following tables present TDR activity: Three Months Ended June 30, 2015 2014 Number of loans Pre- Modification outstanding recorded investment Post- Modification outstanding recorded investment Number of loans Pre- Modification outstanding recorded investment Post- Modification outstanding recorded investment One-to-four family residential real estate — $ — $ — 1 $ 19 $ 19 Due to reduction in interest rate Due to extension of maturity date Due to permanent reduction in recorded investment Total For the Three Months Ended June 30, 2015 One-to-four family residential real estate $ — $ — $ — $ — For the Three Months Ended June 30, 2014 One-to-four family residential real estate $ 19 $ — $ — $ 19 The TDRs had no impact on interest income, resulted in no change to the allowance for loan losses allocated and resulted in no charge-offs for the three months ended June 30, 2015 and June 30, 2014 . Six Months Ended June 30, 2015 2014 Number of loans Pre- Modification outstanding recorded investment Post- Modification outstanding recorded investment Number of loans Pre- Modification outstanding recorded investment Post- Modification outstanding recorded investment One-to-four family residential real estate 1 $ 63 $ 63 3 $ 140 $ 99 Due to reduction in interest rate Due to extension of maturity date Due to permanent reduction in recorded investment Total For the Six Months Ended June 30, 2015 One-to-four family residential real estate $ — $ 63 $ — $ 63 For the Six Months Ended June 30, 2014 One-to-four family residential real estate $ 19 $ 28 $ 52 $ 99 The TDRs described above had no material impact on interest income, resulted in no change to the allowance for loan losses allocated and resulted in no charge-offs for the six months ended June 30, 2015 . The TDRs decreased interest income by $1,000 , resulted in no change to the allowance for loan losses allocated and resulted in charge-offs of $41,000 for the six months ended June 30, 2014 . The following table presents TDRs for which there was a payment default during the six months ending June 30, 2015 and 2014 within twelve months following the modification. 2015 2014 Number of loans Recorded investment Number of loans Recorded investment One-to-four family residential real estate 2 $ 77 1 $ 28 A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. The TDRs for which there was a payment default resulted in no change to the allowance for loan losses allocated and resulted in no charge-offs during the six months ending June 30, 2015 and June 30, 2014 . There were certain other loan modifications during the three and six months ending June 30, 2015 and 2014 that did not meet the definition of a TDR. These loans had a total recorded investment of $2.3 million and $1.9 million at June 30, 2015 and 2014 , respectively. The modification of these loans involved either a modification of the terms of a loan to borrowers who were not experiencing financial difficulties or a delay in a payment that was considered to be insignificant. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Company’s internal underwriting policy. The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, including current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans based on credit risk. This analysis includes non-homogeneous loans, such as commercial and commercial real estate loans. This analysis is performed on a monthly basis. The Company uses the following definitions for risk ratings: Special Mention. A Special Mention asset has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the institution’s credit position at some future date. Special Mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. Substandard. Loans categorized as Substandard continue to accrue interest, but exhibit a well-defined weakness or weaknesses that may jeopardize the liquidation of the debt. The loans continue to accrue interest because they are well secured and collection of principal and interest is expected within a reasonable time. The risk rating guidance published by the Office of the Comptroller of the Currency clarifies that a loan with a well-defined weakness does not have to present a probability of default for the loan to be rated Substandard, and that an individual loan’s loss potential does not have to be distinct for the loan to be rated Substandard. Nonaccrual. An asset classified Nonaccrual has all the weaknesses inherent in one classified 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. The loans were placed on nonaccrual status. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered “Pass” rated loans. As of June 30, 2015 , based on the most recent analysis performed, the risk categories of loans by class of loans are as follows: Pass Special Mention Substandard Nonaccrual Total One-to-four family residential real estate $ 120,314 $ 130 $ 623 $ 2,494 $ 123,561 One-to-four family residential real estate - non-owner occupied 45,132 248 433 772 46,585 Multi-family mortgage 324,081 584 4,334 2,405 331,404 Wholesale commercial lending 148,666 — 515 — 149,181 Nonresidential real estate 216,122 1,619 4,506 2,748 224,995 Construction 41 — — — 41 Land 671 — 730 — 1,401 Commercial loans: Secured 13,586 — — 75 13,661 Unsecured 2,278 — 571 — 2,849 Municipal 1,908 — — — 1,908 Warehouse lines 13,055 — — — 13,055 Health care 15,895 — — — 15,895 Aviation 1,033 — — — 1,033 Other 12,943 — — — 12,943 Commercial leases: Investment rated commercial leases 163,774 — — — 163,774 Below investment grade 9,251 — — — 9,251 Non-rated 41,490 — — — 41,490 Lease pools 11,161 — — — 11,161 Consumer 1,767 — — 1 1,768 Total $ 1,143,168 $ 2,581 $ 11,712 $ 8,495 $ 1,165,956 As of December 31, 2014 , based on the most recent analysis performed, the risk categories of loans by class of loans are as follows: Pass Special Mention Substandard Nonaccrual Total One-to-four family residential real estate $ 126,102 $ 615 $ 1,046 $ 4,228 $ 131,991 One-to-four family residential real estate - non-owner occupied 46,253 931 964 198 48,346 Multi-family mortgage 336,557 609 3,430 4,515 345,111 Wholesale commercial lending 134,719 — 519 — 135,238 Nonresidential real estate 223,385 1,170 6,698 3,247 234,500 Construction 60 — — — 60 Land 1,212 — 613 — 1,825 Commercial loans: Secured 11,863 — 7 76 11,946 Unsecured 1,147 40 698 — 1,885 Municipal 2,213 — — — 2,213 Warehouse lines 11,296 — — — 11,296 Health care 24,127 — — — 24,127 Aviation 1,108 — — — 1,108 Other 14,307 — — — 14,307 Commercial leases: Investment rated commercial leases 160,208 — — — 160,208 Below investment grade 11,309 — — — 11,309 Non-rated 35,473 — — — 35,473 Lease pools 10,153 — — — 10,153 Consumer 2,048 — — 3 2,051 Total $ 1,153,540 $ 3,365 $ 13,975 $ 12,267 $ 1,183,147 |
Fair Value (Notes)
Fair Value (Notes) | 6 Months Ended |
Jun. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
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 other 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 the fair value of each type of financial instrument: Securities : The fair values of marketable equity securities are generally determined by quoted prices, in active markets, for each specific security (Level 1). If Level 1 measurement inputs are not available for a marketable equity security, we determine its fair value based on the quoted price of a similar security traded in an active market (Level 2). The fair values of debt securities are generally determined by matrix pricing, which is a mathematical technique widely used in the industry 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). Impaired Loans: The fair value of impaired loans with specific allocations of the allowance for loan losses is generally based on 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 for similar loans and collateral underlying such loans. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification. Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted in accordance with the allowance policy. Other Real Estate Owned: Assets acquired through or instead 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 lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals which are updated no less frequently than annually. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach with data from comparable properties. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Real estate owned properties are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Mortgage Servicing Rights : On a quarterly basis, loan servicing rights are evaluated for impairment based upon the fair value of the rights as compared to carrying amount. The fair values of mortgage servicing rights are based on a valuation model that calculates the present value of estimated net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income. The Company is able to compare the valuation model inputs and results to widely available published industry data for reasonableness (Level 2). The following table sets forth the Company’s financial assets that were accounted for at fair value and are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Fair Value Measurements Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value June 30, 2015 Securities: Certificates of deposit $ — $ 69,652 $ — $ 69,652 Equity mutual fund 508 — — 508 Mortgage-backed securities – residential — 20,847 — 20,847 Collateralized mortgage obligations – residential — 8,104 — 8,104 SBA-guaranteed loan participation certificates — 26 — 26 $ 508 $ 98,629 $ — $ 99,137 December 31, 2014 Securities: Certificates of deposit $ — $ 86,049 $ — $ 86,049 Equity mutual fund 509 — — 509 Mortgage-backed securities - residential — 24,611 — 24,611 Collateralized mortgage obligations – residential — 9,976 — 9,976 SBA-guaranteed loan participation certificates — 29 — 29 $ 509 $ 120,665 $ — $ 121,174 The following table sets forth the Company’s assets that were measured at fair value on a non-recurring basis: Fair Value Measurement Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value June 30, 2015 Impaired loans: Multi-family mortgage $ — $ — $ 532 $ 532 Nonresidential real estate — — 578 578 $ — $ — $ 1,110 $ 1,110 Other real estate owned: One-to-four family residential real estate $ — $ — $ 37 $ 37 Multi-family mortgage — — 409 409 Nonresidential real estate — — 107 107 Land — — 409 409 $ — $ — $ 962 $ 962 December 31, 2014 Impaired loans: One-to-four family residential real estate $ — $ — $ 70 $ 70 Multi-family mortgage — — 1,905 1,905 Nonresidential real estate — — 2,369 2,369 $ — $ — $ 4,344 $ 4,344 Other real estate owned: One-to-four family residential real estate $ — $ — $ 55 $ 55 Multi-family mortgage — — 1,265 1,265 Nonresidential real estate — — 126 126 Land — — 753 753 $ — $ — $ 2,199 $ 2,199 Mortgage servicing rights $ — $ 160 $ — $ 160 Impaired loans, which are measured for impairment using the fair value of the collateral for collateral–dependent loans, and have specific valuation allowances, had a carrying amount of $1.2 million , and a valuation allowance of $65,000 at June 30, 2015 , compared to a carrying amount of $4.8 million , and a valuation allowance of $470,000 at December 31, 2014 , resulting in a decrease in the provision for loan losses of $405,000 for the six months ended June 30, 2015 , and a decrease in the provision for loan losses of $280,000 for the six months ended June 30, 2014. Other real estate owned ("OREO"), which is carried at the lower of cost or fair value less costs to sell, had a carrying value of $1.4 million , and a valuation allowance of $441,000 at June 30, 2015 , compared to a carrying value of $3.0 million , and a valuation allowance of $803,000 at December 31, 2014 . There were $236,000 of valuation adjustments of OREO recorded for the six months ended June 30, 2015 , and $77,000 of valuation adjustments of OREO recorded for the six months ended June 30, 2014. A pre-tax recovery of $13,000 on our mortgage servicing rights portfolio was included in noninterest income for the six months ended June 30, 2015 , compared to a provision of $10,000 for the same period in 2014 . The following table presents quantitative information, based on certain empirical data with respect to Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at June 30, 2015 : Fair Value Valuation Technique(s) Significant Unobservable Input(s) Range (Weighted Average) Impaired loans: Multi-family mortgage loans $ 532 Sales comparison Comparison between sales and income approaches 3.6% to 21.7% Income approach Cap Rate 9% Nonresidential real estate loans 578 Sales comparison Comparison between sales and income approaches 3.7% to 4.9% Income approach Cap Rate 10.0% Impaired loans $ 1,110 Other real estate owned: One-to-four family residential real estate $ 37 Sales comparison Discount applied to valuation -1% Multi-family mortgage 409 Sales comparison Comparison between sales and income approaches -67.7% to 10.4% Nonresidential real estate loans 107 Sales comparison Comparison between sales and income approaches 58% Land 409 Sales comparison Discount applied to valuation Other real estate owned $ 962 The following table presents quantitative information, based on certain empirical data with respect to Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2014 : Fair Value Valuation Technique(s) Unobservable Input(s) Range (Weighted Average) Impaired loans One-to-four family residential real estate $ 70 Sales comparison Discount applied to valuation 4.8% Multi-family mortgage 1,905 Sales comparison Comparison between sales and income approaches -2.1%- 43.7% Income approach Cap Rate 9.6%-13.8% Nonresidential real estate 2,369 Sales comparison Comparison between sales and income approaches -2.1%-33.9% Income approach Cap Rate 10%-11% $ 4,344 Other real estate owned One-to-four family residential real estate $ 55 Sales comparison Discount applied to valuation 6.3%-7.7% Multi-family mortgage 1,265 Sales comparison Comparison between sales and income approaches -6.6%-13.5% (0.4%) Nonresidential real estate 126 Sales comparison Comparison between sales and income approaches 32.3% Land 753 Sales comparison Discount applied to valuation -21.9%-4.2% $ 2,199 The carrying amount and estimated fair value of financial instruments are as follows: Fair Value Measurements at June 30, 2015 Using: Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 77,426 $ 10,591 $ 66,835 $ — $ 77,426 Securities 99,137 508 98,629 — 99,137 Loans receivable, net of allowance for loan losses 1,156,667 — 1,149,360 1,110 1,150,470 FHLBC stock 6,257 — — — N/A Accrued interest receivable 3,885 — 3,885 — 3,885 Financial liabilities Noninterest-bearing demand deposits $ 190,411 $ — $ 190,411 $ — $ 190,411 Savings deposits 156,436 — 156,436 — 156,436 NOW and money market accounts 625,568 — 625,568 — 625,568 Certificates of deposit 227,811 — 227,504 — 227,504 Borrowings 3,039 — 3,040 — 3,040 Accrued interest payable 49 — 49 — 49 Fair Value Measurements at December 31, 2014 Using: Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 59,581 $ 9,693 $ 49,888 $ — $ 59,581 Securities 121,174 509 120,665 — 121,174 Loans receivable, net of allowance for loan losses 1,172,356 — 1,166,181 4,344 1,170,525 FHLBC stock 6,257 — — — N/A Accrued interest receivable 3,926 — 3,926 — 3,926 Financial liabilities Noninterest-bearing demand deposits $ 134,129 $ — $ 134,129 $ — $ 134,129 Savings deposits 154,532 — 154,532 — 154,532 NOW and money market accounts 690,193 — 690,193 — 690,193 Certificates of deposit 232,859 — 232,588 — 232,588 Borrowings 12,921 — 12,908 — 12,908 Accrued interest payable 89 — 89 — 89 For purposes of the above, the following assumptions were used: Cash and Cash Equivalents : The estimated fair values for cash and cash equivalents are based on their carrying value due to the short-term nature of these assets. Loans : The estimated fair value for loans has been determined by calculating the present value of future cash flows based on the current rate the Company would charge for similar loans with similar maturities, applied for an estimated time period until the loan is assumed to be repriced or repaid. The estimated fair values of loans held for sale are based on quoted market prices. FHLBC Stock : It is not practicable to determine the fair value of FHLBC stock due to the restrictions placed on its transferability. Deposit Liabilities : The estimated fair value for certificates of deposit has been determined by calculating the present value of future cash flows based on estimates of rates the Company would pay on such deposits, applied for the time period until maturity. The estimated fair values of noninterest-bearing demand, NOW, money market, and savings deposits are assumed to approximate their carrying values as management establishes rates on these deposits at a level that approximates the local market area. Additionally, these deposits can be withdrawn on demand. Borrowings : The estimated fair values of advances from the FHLBC and notes payable are based on current market rates for similar financing. The estimated fair value of securities sold under agreements to repurchase is assumed to equal its carrying value due to the short-term nature of the liability. Accrued Interest : The estimated fair values of accrued interest receivable and payable are assumed to equal their carrying value. Off - Balance-Sheet Instruments : Off-balance-sheet items consist principally of unfunded loan commitments, standby letters of credit, and unused lines of credit. The estimated fair values of unfunded loan commitments, standby letters of credit, and unused lines of credit are not material. While the above estimates are based on management’s judgment of the most appropriate factors, as of the balance sheet date, there is no assurance that the estimated fair values would have been realized if the assets were disposed of or the liabilities settled at that date, since market values may differ depending on the various circumstances. The estimated fair values would also not apply to subsequent dates. In addition, other assets and liabilities that are not financial instruments, such as premises and equipment, are not included in the above disclosures. |
Summary of Significant Accoun15
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Summary of Significant Accounting Policies | Basis of Presentation : BankFinancial Corporation, a Maryland corporation headquartered in Burr Ridge, Illinois, is the owner of all of the issued and outstanding capital stock of BankFinancial, F.S.B. (the “Bank”). Principles of Consolidation : The interim unaudited consolidated financial statements include the accounts of and transactions of BankFinancial Corporation, the Bank, and the Bank’s wholly-owned subsidiaries, Financial Assurance Services, Inc. and BF Asset Recovery Corporation (collectively, “the Company”), and reflect all normal and recurring adjustments that are, in the opinion of management, considered necessary for a fair presentation of the financial condition and results of operations for the periods presented. All significant intercompany accounts and transactions have been eliminated. The results of operations for the three- and six-month periods ended June 30, 2015 are not necessarily indicative of the results of operations that may be expected for the year ending December 31, 2015. Certain information and note disclosures normally included in financial statements prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. Use of Estimates : To prepare financial statements in conformity with GAAP, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and future results could differ. Reclassifications : Certain reclassifications have been made in the prior period’s financial statements to conform them to the current period’s presentation. These unaudited consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 , as filed with the Securities and Exchange Commission. Recent Accounti |
Basis of Presentation | Basis of Presentation : BankFinancial Corporation, a Maryland corporation headquartered in Burr Ridge, Illinois, is the owner of all of the issued and outstanding capital stock of BankFinancial, F.S.B. (the “Bank”). |
Principles of Consolidation | Principles of Consolidation : The interim unaudited consolidated financial statements include the accounts of and transactions of BankFinancial Corporation, the Bank, and the Bank’s wholly-owned subsidiaries, Financial Assurance Services, Inc. and BF Asset Recovery Corporation (collectively, “the Company”), and reflect all normal and recurring adjustments that are, in the opinion of management, considered necessary for a fair presentation of the financial condition and results of operations for the periods presented. All significant intercompany accounts and transactions have been eliminated. The results of operations for the three- and six-month periods ended June 30, 2015 are not necessarily indicative of the results of operations that may be expected for the year ending December 31, 2015. Certain information and note disclosures normally included in financial statements prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. Use of Estimate |
Use of Estimates | Use of Estimates : To prepare financial statements in conformity with GAAP, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and the disclosures provided, and future results could differ. |
Uncollected Interest Policy | The Company’s reserve for uncollected loan interest was $266,000 and $464,000 at June 30, 2015 and December 31, 2014 , respectively. When a loan is on non-accrual status and the ultimate collectability of the total principal of the loan is in doubt, all payments are applied to principal under the cost recovery method. Alternatively, when a loan is on non-accrual status but there is doubt concerning only the ultimate collectability of interest, contractual interest is credited to interest income only when received, under the cash basis method pursuant to the provisions of FASB ASC 310–10, as applicable. In all cases, the average balances are calculated based on the month–end balances of the financing receivables within the period reported pursuant to the provisions of FASB ASC 310–10, as applicable. |
Reclassifications | Reclassifications : Certain reclassifications have been made in the prior period’s financial statements to conform them to the current period’s presentation. These unaudited consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 , as filed with the Securities and Exchange Commission. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In January 2014, the FASB amended existing guidance to clarify when a creditor should derecognize a loan receivable and recognize a collateral asset. An in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendment requires interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. This amendment is effective for interim and annual reporting periods beginning after December 15, 2014. The adoption of this standard did not have a material impact on the Company’s results of operation or financial position. In May 2014, the FASB issued an update (ASU No. 2014-09, Revenue from Contracts with Customers) creating FASB Topic 606, Revenue from Contracts with Customers. The guidance in this update affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (for example, insurance contracts or lease contracts). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides steps to follow to achieve the core principle. An entity should disclose sufficient information to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Qualitative and quantitative information is required about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. The amendments in this update will become effective for annual periods and interim periods within those annual periods beginning after December 15, 2017. We are currently evaluating the impact of adopting the new guidance on the consolidated financial statements. In June 2014, the FASB amended existing guidance related to repurchase-to-maturity transactions, repurchase financings, and disclosures (ASU 2014-11, Transfers and Servicing (Topic 860) - Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures). These amendments align the accounting for repurchase-to-maturity transactions and repurchase agreements executed as a repurchase financing with the accounting for other typical repurchase agreements. Going forward, these transactions would all be accounted for as secured borrowings. The guidance eliminates sale accounting for repurchase-to-maturity transactions and supersedes the guidance under which a transfer of a financial asset and a contemporaneous repurchase financing could be accounted for on a combined basis as a forward agreement, which has resulted in outcomes referred to as off-balance-sheet accounting. These amendments require a new disclosure for transactions economically similar to repurchase agreements in which the transferor retains substantially all of the exposure to the economic return on the transferred financial assets throughout the term of the transaction. These amendments also require expanded disclosures about the nature of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. These amendments are effective for the first interim or annual period beginning after December 15, 2014. In addition, for public companies, the disclosure for certain transactions accounted for as a sale is effective for the first interim or annual period beginning on or after December 15, 2014, and the disclosure for transactions accounted for as secured borrowings is required for annual periods beginning after December 15, 2014, and interim periods beginning after March 15, 2015. The adoption of this standard did not have a material effect on the Company’s operating results or financial condition. |
Summary of Significant Accoun16
Summary of Significant Accounting Policies New Accounting Pronouncements (Policies) | 6 Months Ended |
Jun. 30, 2015 | |
Text Block [Abstract] | |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In January 2014, the FASB amended existing guidance to clarify when a creditor should derecognize a loan receivable and recognize a collateral asset. An in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendment requires interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. This amendment is effective for interim and annual reporting periods beginning after December 15, 2014. The adoption of this standard did not have a material impact on the Company’s results of operation or financial position. In May 2014, the FASB issued an update (ASU No. 2014-09, Revenue from Contracts with Customers) creating FASB Topic 606, Revenue from Contracts with Customers. The guidance in this update affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (for example, insurance contracts or lease contracts). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides steps to follow to achieve the core principle. An entity should disclose sufficient information to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Qualitative and quantitative information is required about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. The amendments in this update will become effective for annual periods and interim periods within those annual periods beginning after December 15, 2017. We are currently evaluating the impact of adopting the new guidance on the consolidated financial statements. In June 2014, the FASB amended existing guidance related to repurchase-to-maturity transactions, repurchase financings, and disclosures (ASU 2014-11, Transfers and Servicing (Topic 860) - Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures). These amendments align the accounting for repurchase-to-maturity transactions and repurchase agreements executed as a repurchase financing with the accounting for other typical repurchase agreements. Going forward, these transactions would all be accounted for as secured borrowings. The guidance eliminates sale accounting for repurchase-to-maturity transactions and supersedes the guidance under which a transfer of a financial asset and a contemporaneous repurchase financing could be accounted for on a combined basis as a forward agreement, which has resulted in outcomes referred to as off-balance-sheet accounting. These amendments require a new disclosure for transactions economically similar to repurchase agreements in which the transferor retains substantially all of the exposure to the economic return on the transferred financial assets throughout the term of the transaction. These amendments also require expanded disclosures about the nature of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. These amendments are effective for the first interim or annual period beginning after December 15, 2014. In addition, for public companies, the disclosure for certain transactions accounted for as a sale is effective for the first interim or annual period beginning on or after December 15, 2014, and the disclosure for transactions accounted for as secured borrowings is required for annual periods beginning after December 15, 2014, and interim periods beginning after March 15, 2015. The adoption of this standard did not have a material effect on the Company’s operating results or financial condition. |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | Amounts reported in earnings per share reflect earnings available to common stockholders for the period divided by the weighted average number of shares of common stock outstanding during the period, exclusive of unearned ESOP shares and unvested restricted stock shares. Stock options and restricted stock are regarded as potential common stock and are considered in the diluted earnings per share calculations to the extent that they would have a dilutive effect if converted to common stock. Three Months Ended Six Months Ended 2015 2014 2015 2014 Net income available to common stockholders $ 2,224 $ 1,404 $ 4,210 $ 2,346 Average common shares outstanding 20,811,856 21,101,966 20,956,110 21,101,966 Less: Unearned ESOP shares (792,816 ) (937,585 ) (804,864 ) (957,463 ) Unvested restricted stock shares (9,682 ) (18,572 ) (13,201 ) (22,141 ) Weighted average common shares outstanding 20,009,358 20,145,809 20,138,045 20,122,362 Add - Net effect of dilutive stock options and unvested restricted stock 4,215 14,241 4,160 14,043 Diluted weighted average common shares outstanding 20,013,573 20,160,050 20,142,205 20,136,405 Basic earnings per common share $ 0.11 $ 0.07 $ 0.21 $ 0.12 Diluted earnings per common share $ 0.11 $ 0.07 $ 0.21 $ 0.12 |
Securities (Tables)
Securities (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | The fair value of securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income are shown below: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value June 30, 2015 Certificates of deposit $ 69,652 $ — $ — $ 69,652 Equity mutual fund 500 8 — 508 Mortgage-backed securities - residential 19,872 1,023 (48 ) 20,847 Collateralized mortgage obligations - residential 8,070 47 (13 ) 8,104 SBA-guaranteed loan participation certificates 26 — — 26 $ 98,120 $ 1,078 $ (61 ) $ 99,137 December 31, 2014 Certificates of deposit $ 86,049 $ — $ — $ 86,049 Equity mutual fund 500 9 — 509 Mortgage-backed securities - residential 23,433 1,218 (40 ) 24,611 Collateralized mortgage obligations - residential 9,936 53 (13 ) 9,976 SBA-guaranteed loan participation certificates 29 — — 29 $ 119,947 $ 1,280 $ (53 ) $ 121,174 Mortgage-backed securities and collateralized mortgage obligations reflected in the preceding table were issued by U.S. government-sponsored entities or agencies, Freddie Mac, Fannie Mae and Ginnie Mae, and are obligations which the U.S. government has affirmed its commitment to support. All securities reflected in the preceding table were classified as available-for-sale at June 30, 2015 and December 31, 2014 . The amortized cost and fair values of securities by contractual maturity are shown below. Securities not due at a single maturity date, if any, are shown separately. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. June 30, 2015 Amortized Cost Fair Value Due in one year or less $ 69,652 $ 69,652 Equity mutual fund 500 508 Mortgage-backed securities - residential 19,872 20,847 Collateralized mortgage obligations - residential 8,070 8,104 SBA-guaranteed loan participation certificates 26 26 $ 98,120 $ 99,137 Sales of securities were as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Proceeds $ — $ — $ — $ 3,663 Gross gains — — — — Gross losses — — — 7 Securities with unrealized losses not recognized in income are as follows: Less than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss June 30, 2015 Mortgage-backed securities - residential $ — $ — $ 1,761 $ (48 ) $ 1,761 $ (48 ) Collateralized mortgage obligations - residential — — 1,527 (13 ) 1,527 (13 ) $ — $ — $ 3,288 $ (61 ) $ 3,288 $ (61 ) December 31, 2014 Mortgage-backed securities - residential $ — $ — $ 2,126 $ (40 ) $ 2,126 $ (40 ) Collateralized mortgage obligations - residential — — 1,847 (13 ) 1,847 (13 ) $ — $ — $ 3,973 $ (53 ) $ 3,973 $ (53 ) The Company evaluates marketable investment securities with significant declines in fair value on a quarterly basis to determine whether they should be considered other-than-temporarily impaired under current accounting guidance, which generally provides that if a marketable security is in an unrealized loss position, whether due to general market conditions or industry or issuer-specific factors, the holder of the securities must assess whether the impairment is other-than-temporary. Certain residential mortgage-backed securities and certain collateralized mortgage obligations that the Company holds in its investment portfolio were in an unrealized loss position at June 30, 2015 , but the unrealized losses were not considered significant under the Company’s impairment testing methodology. In addition, the Company does not intend to sell these securities, and it is likely that the Company will not be required to sell these securities before their anticipated recovery occurs. |
Unrealized gains and losses recognized in accumulated other comprehensive income (loss) | The fair value of securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income are shown below: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value June 30, 2015 Certificates of deposit $ 69,652 $ — $ — $ 69,652 Equity mutual fund 500 8 — 508 Mortgage-backed securities - residential 19,872 1,023 (48 ) 20,847 Collateralized mortgage obligations - residential 8,070 47 (13 ) 8,104 SBA-guaranteed loan participation certificates 26 — — 26 $ 98,120 $ 1,078 $ (61 ) $ 99,137 December 31, 2014 Certificates of deposit $ 86,049 $ — $ — $ 86,049 Equity mutual fund 500 9 — 509 Mortgage-backed securities - residential 23,433 1,218 (40 ) 24,611 Collateralized mortgage obligations - residential 9,936 53 (13 ) 9,976 SBA-guaranteed loan participation certificates 29 — — 29 $ 119,947 $ 1,280 $ (53 ) $ 121,174 |
Amortized cost and fair values of securities | The amortized cost and fair values of securities by contractual maturity are shown below. Securities not due at a single maturity date, if any, are shown separately. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. June 30, 2015 Amortized Cost Fair Value Due in one year or less $ 69,652 $ 69,652 Equity mutual fund 500 508 Mortgage-backed securities - residential 19,872 20,847 Collateralized mortgage obligations - residential 8,070 8,104 SBA-guaranteed loan participation certificates 26 26 $ 98,120 $ 99,137 |
Securities with unrealized losses | Securities with unrealized losses not recognized in income are as follows: Less than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss June 30, 2015 Mortgage-backed securities - residential $ — $ — $ 1,761 $ (48 ) $ 1,761 $ (48 ) Collateralized mortgage obligations - residential — — 1,527 (13 ) 1,527 (13 ) $ — $ — $ 3,288 $ (61 ) $ 3,288 $ (61 ) December 31, 2014 Mortgage-backed securities - residential $ — $ — $ 2,126 $ (40 ) $ 2,126 $ (40 ) Collateralized mortgage obligations - residential — — 1,847 (13 ) 1,847 (13 ) $ — $ — $ 3,973 $ (53 ) $ 3,973 $ (53 ) |
Loans Receivable (Tables)
Loans Receivable (Tables) - loan | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2015 | Jun. 30, 2014 | |
Receivables [Abstract] | |||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Loans receivable are as follows: June 30, 2015 December 31, 2014 One-to-four family residential real estate $ 170,146 $ 180,337 Multi-family mortgage 480,585 480,349 Nonresidential real estate 224,995 234,500 Construction and land 1,442 1,885 Commercial loans 61,344 66,882 Commercial leases 225,676 217,143 Consumer 1,768 2,051 1,165,956 1,183,147 Net deferred loan origination costs 1,521 1,199 Allowance for loan losses (10,810 ) (11,990 ) Loans, net $ 1,156,667 $ 1,172,356 The following tables present the balance in the allowance for loan losses and loans receivable by portfolio segment and based on impairment method: Allowance for loan losses Loan Balances Individually evaluated for impairment Collectively evaluated for impairment Total Individually evaluated for impairment Collectively evaluated for impairment Total June 30, 2015 One-to-four family residential real estate $ — $ 1,844 $ 1,844 $ 3,830 $ 166,316 $ 170,146 Multi-family mortgage 15 4,442 4,457 3,164 477,421 480,585 Nonresidential real estate 50 2,933 2,983 3,632 221,363 224,995 Construction and land — 56 56 — 1,442 1,442 Commercial loans — 541 541 75 61,269 61,344 Commercial leases — 903 903 — 225,676 225,676 Consumer — 26 26 — 1,768 1,768 $ 65 $ 10,745 $ 10,810 $ 10,701 $ 1,155,255 1,165,956 Net deferred loan origination costs 1,521 Allowance for loan losses (10,810 ) Loans, net $ 1,156,667 Loan Balances Individually evaluated for impairment Collectively evaluated for impairment Total Individually evaluated for impairment Collectively evaluated for impairment Total December 31, 2014 One-to-four family residential real estate $ 8 $ 2,140 $ 2,148 $ 4,174 $ 176,163 $ 180,337 Multi-family mortgage 226 4,979 5,205 5,282 475,067 480,349 Nonresidential real estate 236 2,704 2,940 4,690 229,810 234,500 Construction and land — 80 80 — 1,885 1,885 Commercial loans — 554 554 76 66,806 66,882 Commercial leases — 1,009 1,009 — 217,143 217,143 Consumer — 54 54 — 2,051 2,051 $ 470 $ 11,520 $ 11,990 $ 14,222 $ 1,168,925 1,183,147 Net deferred loan origination costs 1,199 Allowance for loan losses (11,990 ) Loans, net $ 1,172,356 Activity in the allowance for loan losses is as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Beginning balance $ 11,576 $ 14,181 $ 11,990 $ 14,154 Loans charged off: One-to-four family residential real estate (99 ) (290 ) (202 ) (346 ) Multi-family mortgage (161 ) (594 ) (180 ) (684 ) Nonresidential real estate (252 ) (186 ) (263 ) (766 ) Construction and land — (1 ) — (1 ) Commercial loans — — (98 ) (22 ) Consumer (4 ) (4 ) (8 ) (10 ) (516 ) (1,075 ) (751 ) (1,829 ) Recoveries: One-to-four family residential real estate 219 97 279 108 Multi-family mortgage 4 6 8 20 Nonresidential real estate 9 264 25 284 Construction and land — 8 6 258 Commercial loans 6 14 463 22 Commercial leases — — 1 — Consumer — — 1 2 238 389 783 694 Net recoveries (charge-offs) (278 ) (686 ) 32 (1,135 ) Provision for (recovery of) loan losses (488 ) 957 (1,212 ) 1,433 Ending balance $ 10,810 $ 14,452 $ 10,810 $ 14,452 The following tables present the recorded investment in nonaccrual loans and loans past due over 90 days still on accrual by class of loans: Loan Balance Recorded Investment Loans Past Due Over 90 Days, Still Accruing June 30, 2015 One-to-four family residential real estate $ 3,275 $ 2,700 $ — One-to-four family residential real estate – non owner occupied 737 768 — Multi-family mortgage 2,860 2,382 — Nonresidential real estate 3,119 2,732 — Commercial loans – secured 76 75 — Consumer 1 1 — $ 10,068 $ 8,658 $ — December 31, 2014 One-to-four family residential real estate $ 4,793 $ 4,210 $ — One-to-four family residential real estate – non owner occupied 291 198 — Multi-family mortgage 5,638 4,481 — Nonresidential real estate 4,023 3,245 — Commercial loans – secured 76 76 — Consumer 3 3 — $ 14,824 $ 12,213 $ — Nonaccrual loans and impaired loans are defined differently. Some loans may be included in both categories, and some may only be included in one category. Nonaccrual loans include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. The Company’s reserve for uncollected loan interest was $266,000 and $464,000 at June 30, 2015 and December 31, 2014 , respectively. When a loan is on non-accrual status and the ultimate collectability of the total principal of the loan is in doubt, all payments are applied to principal under the cost recovery method. Alternatively, when a loan is on non-accrual status but there is doubt concerning only the ultimate collectability of interest, contractual interest is credited to interest income only when received, under the cash basis method pursuant to the provisions of FASB ASC 310–10, as applicable. In all cases, the average balances are calculated based on the month–end balances of the financing receivables within the period reported pursuant to the provisions of FASB ASC 310–10, as applicable. The following tables present the aging of the recorded investment of loans at June 30, 2015 by class of loans: 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due Total Past Due Loans Not Past Due Total One-to-four family residential real estate $ 103 $ 87 $ 2,398 $ 2,588 $ 120,526 $ 123,114 One-to-four family residential real estate - non-owner occupied 3 245 768 1,016 45,255 46,271 Multi-family mortgage — 304 1,666 1,970 325,571 327,541 Wholesale commercial lending — — — — 148,743 148,743 Nonresidential real estate 537 — 1,812 2,349 219,587 221,936 Construction — — — — 42 42 Land — — — — 1,389 1,389 Commercial loans: Secured — — 75 75 13,595 13,670 Unsecured — — — — 2,855 2,855 Municipal — — — — 1,933 1,933 Warehouse lines — — — — 13,011 13,011 Health care — — — — 15,923 15,923 Aviation — — — — 1,034 1,034 Other — — — — 13,099 13,099 Commercial leases: Investment rated commercial leases 68 — — 68 164,835 164,903 Below investment grade — — — — 9,293 9,293 Non-rated — — — — 41,680 41,680 Lease pools — — — — 11,202 11,202 Consumer 1 — 1 2 1,775 1,777 $ 712 $ 636 $ 6,720 $ 8,068 $ 1,151,348 $ 1,159,416 The following tables present the aging of the recorded investment of loans at December 31, 2014 by class of loans: 30-59 Days Past Due 60-89 Days Past Due 90 Days or Total Past Due Loans Not Past Due Total One-to-four family residential real estate $ 1,415 $ 276 $ 3,844 $ 5,535 $ 126,054 $ 131,589 One-to-four family residential real estate - non-owner occupied 320 165 198 683 47,350 48,033 Multi-family mortgage 2,314 1,187 3,363 6,864 334,173 341,037 Wholesale commercial lending — — — — 135,395 135,395 Nonresidential real estate 376 444 3,245 4,065 227,078 231,143 Construction — — — — 63 63 Land — — — — 1,814 1,814 Commercial loans: Secured — — 76 76 11,863 11,939 Unsecured — 1 — 1 1,884 1,885 Municipal — — — — 2,243 2,243 Warehouse lines — — — — 14,362 14,362 Health care — — — — 24,154 24,154 Aviation — — — — 1,111 1,111 Other — — — — 11,339 11,339 Commercial leases: Investment rated commercial leases 426 — — 426 160,830 161,256 Below investment grade 136 — — 136 11,246 11,382 Non-rated 8 — — 8 35,672 35,680 Lease pools — — — — 10,180 10,180 Consumer 18 1 3 22 2,038 2,060 $ 5,013 $ 2,074 $ 10,729 $ 17,816 $ 1,158,849 $ 1,176,665 The Company evaluates loan extensions or modifications in accordance with FASB ASC 310–40 with respect to the classification of the loan as a TDR. In general, if the Company grants a loan extension or modification to a borrower for other than an insignificant period of time that includes a below–market interest rate, principal forgiveness, payment forbearance or other concession intended to minimize the economic loss to the Company, the loan extension or loan modification is classified as a TDR. In cases where borrowers are granted new terms that provide for a reduction of either interest or principal then due and payable, management measures any impairment on the restructured loan in the same manner as for impaired loans as noted above. The Company had $2.7 million of TDRs at June 30, 2015 , compared to $3.0 million at December 31, 2014 . There were no specific valuation reserves allocated to those loans at June 30, 2015 and $38,000 in specific valuation reserves allocated at December 31, 2014 . The Company had no outstanding commitments to borrowers whose loans were classified as TDRs at either date. The following table presents loans classified as TDRs: June 30, 2015 December 31, 2014 One-to-four family residential real estate $ 1,578 $ 1,917 Multi-family mortgage 515 510 Troubled debt restructured loans – accrual loans 2,093 2,427 One-to-four family residential real estate 291 230 Multi-family mortgage 333 346 Troubled debt restructured loans – nonaccrual loans 624 576 Total troubled debt restructured loans $ 2,717 $ 3,003 During the three and six months ending June 30, 2015 and 2014 , the terms of certain loans were modified and classified as TDRs. The modification of the terms of such loans included one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; or a permanent reduction of the recorded investment in the loan. The following tables present TDR activity: Three Months Ended June 30, 2015 2014 Number of loans Pre- Modification outstanding recorded investment Post- Modification outstanding recorded investment Number of loans Pre- Modification outstanding recorded investment Post- Modification outstanding recorded investment One-to-four family residential real estate — $ — $ — 1 $ 19 $ 19 Due to reduction in interest rate Due to extension of maturity date Due to permanent reduction in recorded investment Total For the Three Months Ended June 30, 2015 One-to-four family residential real estate $ — $ — $ — $ — For the Three Months Ended June 30, 2014 One-to-four family residential real estate $ 19 $ — $ — $ 19 The TDRs had no impact on interest income, resulted in no change to the allowance for loan losses allocated and resulted in no charge-offs for the three months ended June 30, 2015 and June 30, 2014 . Six Months Ended June 30, 2015 2014 Number of loans Pre- Modification outstanding recorded investment Post- Modification outstanding recorded investment Number of loans Pre- Modification outstanding recorded investment Post- Modification outstanding recorded investment One-to-four family residential real estate 1 $ 63 $ 63 3 $ 140 $ 99 Due to reduction in interest rate Due to extension of maturity date Due to permanent reduction in recorded investment Total For the Six Months Ended June 30, 2015 One-to-four family residential real estate $ — $ 63 $ — $ 63 For the Six Months Ended June 30, 2014 One-to-four family residential real estate $ 19 $ 28 $ 52 $ 99 The TDRs described above had no material impact on interest income, resulted in no change to the allowance for loan losses allocated and resulted in no charge-offs for the six months ended June 30, 2015 . The TDRs decreased interest income by $1,000 , resulted in no change to the allowance for loan losses allocated and resulted in charge-offs of $41,000 for the six months ended June 30, 2014 . The following table presents TDRs for which there was a payment default during the six months ending June 30, 2015 and 2014 within twelve months following the modification. 2015 2014 Number of loans Recorded investment Number of loans Recorded investment One-to-four family residential real estate 2 $ 77 1 $ 28 A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. The TDRs for which there was a payment default resulted in no change to the allowance for loan losses allocated and resulted in no charge-offs during the six months ending June 30, 2015 and June 30, 2014 . There were certain other loan modifications during the three and six months ending June 30, 2015 and 2014 that did not meet the definition of a TDR. These loans had a total recorded investment of $2.3 million and $1.9 million at June 30, 2015 and 2014 , respectively. The modification of these loans involved either a modification of the terms of a loan to borrowers who were not experiencing financial difficulties or a delay in a payment that was considered to be insignificant. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Company’s internal underwriting policy. The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, including current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans based on credit risk. This analysis includes non-homogeneous loans, such as commercial and commercial real estate loans. This analysis is performed on a monthly basis. The Company uses the following definitions for risk ratings: Special Mention. A Special Mention asset has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the institution’s credit position at some future date. Special Mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. Substandard. Loans categorized as Substandard continue to accrue interest, but exhibit a well-defined weakness or weaknesses that may jeopardize the liquidation of the debt. The loans continue to accrue interest because they are well secured and collection of principal and interest is expected within a reasonable time. The risk rating guidance published by the Office of the Comptroller of the Currency clarifies that a loan with a well-defined weakness does not have to present a probability of default for the loan to be rated Substandard, and that an individual loan’s loss potential does not have to be distinct for the loan to be rated Substandard. Nonaccrual. An asset classified Nonaccrual has all the weaknesses inherent in one classified 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. The loans were placed on nonaccrual status. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered “Pass” rated loans. As of June 30, 2015 , based on the most recent analysis performed, the risk categories of loans by class of loans are as follows: Pass Special Mention Substandard Nonaccrual Total One-to-four family residential real estate $ 120,314 $ 130 $ 623 $ 2,494 $ 123,561 One-to-four family residential real estate - non-owner occupied 45,132 248 433 772 46,585 Multi-family mortgage 324,081 584 4,334 2,405 331,404 Wholesale commercial lending 148,666 — 515 — 149,181 Nonresidential real estate 216,122 1,619 4,506 2,748 224,995 Construction 41 — — — 41 Land 671 — 730 — 1,401 Commercial loans: Secured 13,586 — — 75 13,661 Unsecured 2,278 — 571 — 2,849 Municipal 1,908 — — — 1,908 Warehouse lines 13,055 — — — 13,055 Health care 15,895 — — — 15,895 Aviation 1,033 — — — 1,033 Other 12,943 — — — 12,943 Commercial leases: Investment rated commercial leases 163,774 — — — 163,774 Below investment grade 9,251 — — — 9,251 Non-rated 41,490 — — — 41,490 Lease pools 11,161 — — — 11,161 Consumer 1,767 — — 1 1,768 Total $ 1,143,168 $ 2,581 $ 11,712 $ 8,495 $ 1,165,956 As of December 31, 2014 , based on the most recent analysis performed, the risk categories of loans by class of loans are as follows: Pass Special Mention Substandard Nonaccrual Total One-to-four family residential real estate $ 126,102 $ 615 $ 1,046 $ 4,228 $ 131,991 One-to-four family residential real estate - non-owner occupied 46,253 931 964 198 48,346 Multi-family mortgage 336,557 609 3,430 4,515 345,111 Wholesale commercial lending 134,719 — 519 — 135,238 Nonresidential real estate 223,385 1,170 6,698 3,247 234,500 Construction 60 — — — 60 Land 1,212 — 613 — 1,825 Commercial loans: Secured 11,863 — 7 76 11,946 Unsecured 1,147 40 698 — 1,885 Municipal 2,213 — — — 2,213 Warehouse lines 11,296 — — — 11,296 Health care 24,127 — — — 24,127 Aviation 1,108 — — — 1,108 Other 14,307 — — — 14,307 Commercial leases: Investment rated commercial leases 160,208 — — — 160,208 Below investment grade 11,309 — — — 11,309 Non-rated 35,473 — — — 35,473 Lease pools 10,153 — — — 10,153 Consumer 2,048 — — 3 2,051 Total $ 1,153,540 $ 3,365 $ 13,975 $ 12,267 $ 1,183,147 | ||
Loans receivable | Loans receivable are as follows: June 30, 2015 December 31, 2014 One-to-four family residential real estate $ 170,146 $ 180,337 Multi-family mortgage 480,585 480,349 Nonresidential real estate 224,995 234,500 Construction and land 1,442 1,885 Commercial loans 61,344 66,882 Commercial leases 225,676 217,143 Consumer 1,768 2,051 1,165,956 1,183,147 Net deferred loan origination costs 1,521 1,199 Allowance for loan losses (10,810 ) (11,990 ) Loans, net $ 1,156,667 $ 1,172,356 | ||
Allowance for loan losses and the loans receivable by portfolio segment | The following tables present the balance in the allowance for loan losses and loans receivable by portfolio segment and based on impairment method: Allowance for loan losses Loan Balances Individually evaluated for impairment Collectively evaluated for impairment Total Individually evaluated for impairment Collectively evaluated for impairment Total June 30, 2015 One-to-four family residential real estate $ — $ 1,844 $ 1,844 $ 3,830 $ 166,316 $ 170,146 Multi-family mortgage 15 4,442 4,457 3,164 477,421 480,585 Nonresidential real estate 50 2,933 2,983 3,632 221,363 224,995 Construction and land — 56 56 — 1,442 1,442 Commercial loans — 541 541 75 61,269 61,344 Commercial leases — 903 903 — 225,676 225,676 Consumer — 26 26 — 1,768 1,768 $ 65 $ 10,745 $ 10,810 $ 10,701 $ 1,155,255 1,165,956 Net deferred loan origination costs 1,521 Allowance for loan losses (10,810 ) Loans, net $ 1,156,667 | ||
Allowance for loan losses | ctivity in the allowance for loan losses is as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Beginning balance $ 11,576 $ 14,181 $ 11,990 $ 14,154 Loans charged off: One-to-four family residential real estate (99 ) (290 ) (202 ) (346 ) Multi-family mortgage (161 ) (594 ) (180 ) (684 ) Nonresidential real estate (252 ) (186 ) (263 ) (766 ) Construction and land — (1 ) — (1 ) Commercial loans — — (98 ) (22 ) Consumer (4 ) (4 ) (8 ) (10 ) (516 ) (1,075 ) (751 ) (1,829 ) Recoveries: One-to-four family residential real estate 219 97 279 108 Multi-family mortgage 4 6 8 20 Nonresidential real estate 9 264 25 284 Construction and land — 8 6 258 Commercial loans 6 14 463 22 Commercial leases — — 1 — Consumer — — 1 2 238 389 783 694 Net recoveries (charge-offs) (278 ) (686 ) 32 (1,135 ) Provision for (recovery of) loan losses (488 ) 957 (1,212 ) 1,433 Ending balance $ 10,810 $ 14,452 $ 10,810 $ 14,452 | ||
Schedule of Financing Receivables, Non Accrual Status | The following tables present the recorded investment in nonaccrual loans and loans past due over 90 days still on accrual by class of loans: Loan Balance Recorded Investment Loans Past Due Over 90 Days, Still Accruing June 30, 2015 One-to-four family residential real estate $ 3,275 $ 2,700 $ — One-to-four family residential real estate – non owner occupied 737 768 — Multi-family mortgage 2,860 2,382 — Nonresidential real estate 3,119 2,732 — Commercial loans – secured 76 75 — Consumer 1 1 — $ 10,068 $ 8,658 $ — December 31, 2014 One-to-four family residential real estate $ 4,793 $ 4,210 $ — One-to-four family residential real estate – non owner occupied 291 198 — Multi-family mortgage 5,638 4,481 — Nonresidential real estate 4,023 3,245 — Commercial loans – secured 76 76 — Consumer 3 3 — $ 14,824 $ 12,213 $ — | ||
Past Due Financing Receivables | The following tables present the aging of the recorded investment of loans at June 30, 2015 by class of loans: 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due Total Past Due Loans Not Past Due Total One-to-four family residential real estate $ 103 $ 87 $ 2,398 $ 2,588 $ 120,526 $ 123,114 One-to-four family residential real estate - non-owner occupied 3 245 768 1,016 45,255 46,271 Multi-family mortgage — 304 1,666 1,970 325,571 327,541 Wholesale commercial lending — — — — 148,743 148,743 Nonresidential real estate 537 — 1,812 2,349 219,587 221,936 Construction — — — — 42 42 Land — — — — 1,389 1,389 Commercial loans: Secured — — 75 75 13,595 13,670 Unsecured — — — — 2,855 2,855 Municipal — — — — 1,933 1,933 Warehouse lines — — — — 13,011 13,011 Health care — — — — 15,923 15,923 Aviation — — — — 1,034 1,034 Other — — — — 13,099 13,099 Commercial leases: Investment rated commercial leases 68 — — 68 164,835 164,903 Below investment grade — — — — 9,293 9,293 Non-rated — — — — 41,680 41,680 Lease pools — — — — 11,202 11,202 Consumer 1 — 1 2 1,775 1,777 $ 712 $ 636 $ 6,720 $ 8,068 $ 1,151,348 $ 1,159,416 | ||
Recorded Investment In Past Due Purchased Impaired Loans | |||
Troubled Debt Restructurings on Financing Receivables | The following table presents loans classified as TDRs: June 30, 2015 December 31, 2014 One-to-four family residential real estate $ 1,578 $ 1,917 Multi-family mortgage 515 510 Troubled debt restructured loans – accrual loans 2,093 2,427 One-to-four family residential real estate 291 230 Multi-family mortgage 333 346 Troubled debt restructured loans – nonaccrual loans 624 576 Total troubled debt restructured loans $ 2,717 $ 3,003 | ||
Loans By Class Modified As Troubled Debt Restructuring On Financing Receivables | The following tables present TDR activity: Three Months Ended June 30, 2015 2014 Number of loans Pre- Modification outstanding recorded investment Post- Modification outstanding recorded investment Number of loans Pre- Modification outstanding recorded investment Post- Modification outstanding recorded investment One-to-four family residential real estate — $ — $ — 1 $ 19 $ 19 Due to reduction in interest rate Due to extension of maturity date Due to permanent reduction in recorded investment Total For the Three Months Ended June 30, 2015 One-to-four family residential real estate $ — $ — $ — $ — For the Three Months Ended June 30, 2014 One-to-four family residential real estate $ 19 $ — $ — $ 19 | ||
Loans By Class Modified As Troubled Debt Restructurings With Payment Default | The following table presents TDRs for which there was a payment default during the six months ending June 30, 2015 and 2014 within twelve months following the modification. 2015 2014 Number of loans Recorded investment Number of loans Recorded investment One-to-four family residential real estate 2 $ 77 1 $ 28 | ||
Financing Receivable Credit Quality Indicators | As of June 30, 2015 , based on the most recent analysis performed, the risk categories of loans by class of loans are as follows: Pass Special Mention Substandard Nonaccrual Total One-to-four family residential real estate $ 120,314 $ 130 $ 623 $ 2,494 $ 123,561 One-to-four family residential real estate - non-owner occupied 45,132 248 433 772 46,585 Multi-family mortgage 324,081 584 4,334 2,405 331,404 Wholesale commercial lending 148,666 — 515 — 149,181 Nonresidential real estate 216,122 1,619 4,506 2,748 224,995 Construction 41 — — — 41 Land 671 — 730 — 1,401 Commercial loans: Secured 13,586 — — 75 13,661 Unsecured 2,278 — 571 — 2,849 Municipal 1,908 — — — 1,908 Warehouse lines 13,055 — — — 13,055 Health care 15,895 — — — 15,895 Aviation 1,033 — — — 1,033 Other 12,943 — — — 12,943 Commercial leases: Investment rated commercial leases 163,774 — — — 163,774 Below investment grade 9,251 — — — 9,251 Non-rated 41,490 — — — 41,490 Lease pools 11,161 — — — 11,161 Consumer 1,767 — — 1 1,768 Total $ 1,143,168 $ 2,581 $ 11,712 $ 8,495 $ 1,165,956 | ||
Number Of Loans Default Subsequent Modification | 2 | 1 |
Fair Value (Tables)
Fair Value (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Schedule of Company's financial instruments measured at fair values | The following table sets forth the Company’s financial assets that were accounted for at fair value and are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Fair Value Measurements Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value June 30, 2015 Securities: Certificates of deposit $ — $ 69,652 $ — $ 69,652 Equity mutual fund 508 — — 508 Mortgage-backed securities – residential — 20,847 — 20,847 Collateralized mortgage obligations – residential — 8,104 — 8,104 SBA-guaranteed loan participation certificates — 26 — 26 $ 508 $ 98,629 $ — $ 99,137 December 31, 2014 Securities: Certificates of deposit $ — $ 86,049 $ — $ 86,049 Equity mutual fund 509 — — 509 Mortgage-backed securities - residential — 24,611 — 24,611 Collateralized mortgage obligations – residential — 9,976 — 9,976 SBA-guaranteed loan participation certificates — 29 — 29 $ 509 $ 120,665 $ — $ 121,174 |
Schedule of Company's financial instruments measured on non recurring at fair values | The following table sets forth the Company’s assets that were measured at fair value on a non-recurring basis: Fair Value Measurement Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value June 30, 2015 Impaired loans: Multi-family mortgage $ — $ — $ 532 $ 532 Nonresidential real estate — — 578 578 $ — $ — $ 1,110 $ 1,110 Other real estate owned: One-to-four family residential real estate $ — $ — $ 37 $ 37 Multi-family mortgage — — 409 409 Nonresidential real estate — — 107 107 Land — — 409 409 $ — $ — $ 962 $ 962 December 31, 2014 Impaired loans: One-to-four family residential real estate $ — $ — $ 70 $ 70 Multi-family mortgage — — 1,905 1,905 Nonresidential real estate — — 2,369 2,369 $ — $ — $ 4,344 $ 4,344 Other real estate owned: One-to-four family residential real estate $ — $ — $ 55 $ 55 Multi-family mortgage — — 1,265 1,265 Nonresidential real estate — — 126 126 Land — — 753 753 $ — $ — $ 2,199 $ 2,199 Mortgage servicing rights $ — $ 160 $ — $ 160 |
Schedule of fair value quantitative information | The following table presents quantitative information, based on certain empirical data with respect to Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at June 30, 2015 : Fair Value Valuation Technique(s) Significant Unobservable Input(s) Range (Weighted Average) Impaired loans: Multi-family mortgage loans $ 532 Sales comparison Comparison between sales and income approaches 3.6% to 21.7% Income approach Cap Rate 9% Nonresidential real estate loans 578 Sales comparison Comparison between sales and income approaches 3.7% to 4.9% Income approach Cap Rate 10.0% Impaired loans $ 1,110 Other real estate owned: One-to-four family residential real estate $ 37 Sales comparison Discount applied to valuation -1% Multi-family mortgage 409 Sales comparison Comparison between sales and income approaches -67.7% to 10.4% Nonresidential real estate loans 107 Sales comparison Comparison between sales and income approaches 58% Land 409 Sales comparison Discount applied to valuation Other real estate owned $ 962 |
Carrying amount and estimated fair value of financial instruments | The carrying amount and estimated fair value of financial instruments are as follows: Fair Value Measurements at June 30, 2015 Using: Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 77,426 $ 10,591 $ 66,835 $ — $ 77,426 Securities 99,137 508 98,629 — 99,137 Loans receivable, net of allowance for loan losses 1,156,667 — 1,149,360 1,110 1,150,470 FHLBC stock 6,257 — — — N/A Accrued interest receivable 3,885 — 3,885 — 3,885 Financial liabilities Noninterest-bearing demand deposits $ 190,411 $ — $ 190,411 $ — $ 190,411 Savings deposits 156,436 — 156,436 — 156,436 NOW and money market accounts 625,568 — 625,568 — 625,568 Certificates of deposit 227,811 — 227,504 — 227,504 Borrowings 3,039 — 3,040 — 3,040 Accrued interest payable 49 — 49 — 49 |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Earnings Per Share, Basic and Diluted [Abstract] | ||||
Net income available to common stockholders | $ 2,224 | $ 1,404 | $ 4,210 | $ 2,346 |
Average common shares outstanding (shares) | 20,811,856 | 21,101,966 | 20,956,110 | 21,101,966 |
Less: | ||||
Unvested restricted stock shares (shares) | 9,682 | 18,572 | 13,201 | 22,141 |
Weighted average common shares outstanding (shares) | 20,009,358 | 20,145,809 | 20,138,045 | 20,122,362 |
Unearned Employee Stock Ownership Plan shares | (792,816) | (937,585) | (804,864) | (957,463) |
Add - Net effect of dilutive stock options and unvested restricted stock | 4,215 | 14,241 | 4,160 | 14,043 |
Weighted average diluted common shares outstanding (shares) | 20,013,573 | 20,160,050 | 20,142,205 | 20,136,405 |
Basic earnings per common share (usd per share) | $ 0.11 | $ 0.07 | $ 0.21 | $ 0.12 |
Diluted earnings (loss) per common share (usd per share) | $ 0.11 | $ 0.07 | $ 0.21 | $ 0.12 |
Securities - Fair Value of Secu
Securities - Fair Value of Securites (Details) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Unrealized gains and losses recognized in accumulated other comprehensive income (loss) | ||
Amortized Cost | $ 98,120 | $ 119,947 |
Available for sale securities, accumulated gross unrealized gain before tax | 1,078 | 1,280 |
Available for sale securities, accumulated gross unrealized loss before tax | (61) | (53) |
Total Fair value | 99,137 | 121,174 |
Certificates of deposit [Member] | ||
Unrealized gains and losses recognized in accumulated other comprehensive income (loss) | ||
Amortized Cost | 69,652 | 86,049 |
Available for sale securities, accumulated gross unrealized gain before tax | 0 | 0 |
Available for sale securities, accumulated gross unrealized loss before tax | 0 | 0 |
Total Fair value | 69,652 | 86,049 |
Equity mutual fund [Member] | ||
Unrealized gains and losses recognized in accumulated other comprehensive income (loss) | ||
Amortized Cost | 500 | 500 |
Available for sale securities, accumulated gross unrealized gain before tax | 8 | 9 |
Available for sale securities, accumulated gross unrealized loss before tax | 0 | 0 |
Total Fair value | 508 | 509 |
Mortgage - backed securities - residential [Member] | ||
Unrealized gains and losses recognized in accumulated other comprehensive income (loss) | ||
Amortized Cost | 19,872 | 23,433 |
Available for sale securities, accumulated gross unrealized gain before tax | 1,023 | 1,218 |
Available for sale securities, accumulated gross unrealized loss before tax | (48) | (40) |
Total Fair value | 20,847 | 24,611 |
Collateralized mortgage obligations - residential [Member] | ||
Unrealized gains and losses recognized in accumulated other comprehensive income (loss) | ||
Amortized Cost | 8,070 | 9,936 |
Available for sale securities, accumulated gross unrealized gain before tax | 47 | 53 |
Available for sale securities, accumulated gross unrealized loss before tax | (13) | (13) |
Total Fair value | 8,104 | 9,976 |
SBA-guaranteed loan participation certificates [Member] | ||
Unrealized gains and losses recognized in accumulated other comprehensive income (loss) | ||
Amortized Cost | 26 | 29 |
Available for sale securities, accumulated gross unrealized gain before tax | 0 | 0 |
Available for sale securities, accumulated gross unrealized loss before tax | 0 | 0 |
Total Fair value | $ 26 | $ 29 |
Securities - Amortized Cost and
Securities - Amortized Cost and Fair Value (Details) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Amortized cost and fair values of securities | ||
Due in one year or less, amortized cost | $ 69,652 | |
Due in one year or less, fair value | 69,652 | |
Total amortized cost | 98,120 | $ 119,947 |
Total Fair value | 99,137 | 121,174 |
Equity mutual fund [Member] | ||
Amortized cost and fair values of securities | ||
Total amortized cost | 500 | 500 |
Total Fair value | 508 | 509 |
Mortgage - backed securities - residential [Member] | ||
Amortized cost and fair values of securities | ||
Total amortized cost | 19,872 | 23,433 |
Total Fair value | 20,847 | 24,611 |
Collateralized mortgage obligations - residential [Member] | ||
Amortized cost and fair values of securities | ||
Total amortized cost | 8,070 | 9,936 |
Total Fair value | 8,104 | 9,976 |
SBA-guaranteed loan participation certificates [Member] | ||
Amortized cost and fair values of securities | ||
Total amortized cost | 26 | 29 |
Total Fair value | $ 26 | $ 29 |
Securities - Proceeds and Gross
Securities - Proceeds and Gross Gains (Losses) From Sale of Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2015 | Jun. 30, 2014 | |
Proceeds and Gross Gains (Losses) from Sale of Securities [Abstract] | |||
Proceeds from Sale of Available-for-sale Securities | $ 0 | $ 0 | $ 3,663 |
Available-for-sale Securities, Gross Realized Gain (Loss) | $ 0 | $ 0 | $ 7 |
Securities - Unrealized Losses
Securities - Unrealized Losses (Details) - USD ($) | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Amortized cost and fair values of securities | |||
Less than 12 Months, Fair Value | $ 0 | $ 0 | |
12 Months or More, Fair Value | 3,288,000 | 3,973,000 | |
Fair Value, Total | 3,288,000 | 3,973,000 | |
Unrealized loss of securities | |||
Less than 12 Months, Unrealized Loss | 0 | $ 0 | |
12 Months or More, Unrealized Loss | (61,000) | (53,000) | |
Unrealized Loss, Total | (61,000) | (53,000) | |
Mortgage Backed Securities Residential [Member] | |||
Amortized cost and fair values of securities | |||
Less than 12 Months, Fair Value | 0 | 0 | |
12 Months or More, Fair Value | 1,761,000 | 2,126,000 | |
Fair Value, Total | 1,761,000 | 2,126,000 | |
Unrealized loss of securities | |||
Less than 12 Months, Unrealized Loss | 0 | 0 | |
12 Months or More, Unrealized Loss | (48,000) | (40,000) | |
Unrealized Loss, Total | (48,000) | (40,000) | |
Collateralized mortgage obligations - residential [Member] | |||
Amortized cost and fair values of securities | |||
Less than 12 Months, Fair Value | 0 | 0 | |
12 Months or More, Fair Value | 1,527,000 | 1,847,000 | |
Fair Value, Total | 1,527,000 | $ 1,847,000 | |
Unrealized loss of securities | |||
Less than 12 Months, Unrealized Loss | 0 | 0 | |
12 Months or More, Unrealized Loss | (13,000) | (13,000) | |
Unrealized Loss, Total | $ (13,000) | $ (13,000) |
Securities - Narrative (Details
Securities - Narrative (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2015 | Jun. 30, 2014 | |
Proceeds and Gross Gains (Losses) from Sale of Securities [Abstract] | |||
Proceeds from Sale of Available-for-sale Securities | $ 0 | $ 0 | $ 3,663 |
Available-for-sale Securities, Gross Realized Gain (Loss) | $ 0 | $ 0 | $ 7 |
Loans Receivable (Details)
Loans Receivable (Details) - USD ($) $ in Thousands | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 |
Loans receivable | ||||||
Total loans | $ 1,165,956 | $ 1,183,147 | ||||
Net deferred loan origination costs | 1,521 | 1,199 | ||||
Allowance for loan losses | (10,810) | $ (11,576) | (11,990) | $ (14,452) | $ (14,181) | $ (14,154) |
Loans, net | 1,156,667 | 1,172,356 | ||||
One-to-four family residential real estate loans [Member] | ||||||
Loans receivable | ||||||
Total loans | 170,146 | 180,337 | ||||
Allowance for loan losses | (1,844) | (2,148) | ||||
Multi-family mortgage loans [Member] | ||||||
Loans receivable | ||||||
Total loans | 480,585 | 480,349 | ||||
Allowance for loan losses | (4,457) | (5,205) | ||||
Nonresidential real estate loans [Member] | ||||||
Loans receivable | ||||||
Total loans | 224,995 | 234,500 | ||||
Allowance for loan losses | (2,983) | (2,940) | ||||
Construction and land loans [Member] | ||||||
Loans receivable | ||||||
Total loans | 1,442 | 1,885 | ||||
Allowance for loan losses | (56) | (80) | ||||
Commercial loans [Member] | ||||||
Loans receivable | ||||||
Total loans | 61,344 | 66,882 | ||||
Allowance for loan losses | (541) | (554) | ||||
Commercial leases [Member] | ||||||
Loans receivable | ||||||
Total loans | 225,676 | 217,143 | ||||
Allowance for loan losses | (903) | (1,009) | ||||
Consumer loans [Member] | ||||||
Loans receivable | ||||||
Total loans | 1,768 | 2,051 | ||||
Allowance for loan losses | $ (26) | $ (54) |
Loans Receivable - Loan Origina
Loans Receivable - Loan Origination and Risk Management (Details) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and leases, amount | $ 1,165,956 | $ 1,183,147 |
Multi-family mortgage loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and leases, amount | 480,585 | 480,349 |
Nonresidential Real Estate Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and leases, amount | 224,995 | 234,500 |
Commercial leases [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and leases, amount | $ 225,676 | $ 217,143 |
Loans Receivable - Allowance fo
Loans Receivable - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Allowance for loan losses and the loans receivable by portfolio segment | ||
Net deferred loan origination costs | $ 1,521 | $ 1,199 |
Loans, net | $ 1,156,667 | $ 1,172,356 |
Loans Receivable - Activity in
Loans Receivable - Activity in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | $ 11,576 | $ 14,181 | $ 11,990 | $ 14,154 |
Loans charged off | 516 | 1,075 | 751 | 1,829 |
Recoveries | 238 | 389 | 783 | 694 |
Net charge-off | 278 | 686 | (32) | 1,135 |
Provision for (recovery of) loan losses | (488) | 957 | (1,212) | 1,433 |
Ending balance | 10,810 | 14,452 | 10,810 | 14,452 |
One-to-four family residential real estate loans [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 2,148 | |||
Loans charged off | (99) | (290) | (202) | (346) |
Recoveries | 219 | 97 | 279 | 108 |
Ending balance | 1,844 | 1,844 | ||
Multi-family mortgage loans [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 5,205 | |||
Loans charged off | (161) | (594) | (180) | (684) |
Recoveries | 4 | 6 | 8 | 20 |
Ending balance | 4,457 | 4,457 | ||
Nonresidential real estate loans [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 2,940 | |||
Loans charged off | (252) | (186) | (263) | (766) |
Recoveries | 9 | 264 | 25 | 284 |
Ending balance | 2,983 | 2,983 | ||
Construction and land loans [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 80 | |||
Loans charged off | 0 | (1) | 0 | (1) |
Recoveries | 0 | 8 | 6 | 258 |
Ending balance | 56 | 56 | ||
Commercial loans [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 554 | |||
Loans charged off | 0 | 0 | (98) | (22) |
Recoveries | 6 | 14 | 463 | 22 |
Ending balance | 541 | 541 | ||
Commercial leases [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 1,009 | |||
Recoveries | 0 | 0 | 1 | 0 |
Ending balance | 903 | 903 | ||
Consumer loans [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 54 | |||
Loans charged off | (4) | (4) | (8) | (10) |
Recoveries | 0 | $ 0 | 1 | $ 2 |
Ending balance | $ 26 | $ 26 |
Loans Receivable - Loans Indivi
Loans Receivable - Loans Individually Evaluated for Impairment (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2015 | Jun. 30, 2015 | Dec. 31, 2014 | Mar. 31, 2015 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||||
Total loans | $ 1,165,956 | $ 1,165,956 | $ 1,183,147 | ||||
Loans individually evaluated for impairment by class loans | |||||||
Loan Balance | 9,639 | 9,639 | 10,614 | ||||
Recorded Investment | 9,463 | 9,463 | 9,331 | ||||
Partial Charge-off | 1,082 | 1,082 | 1,193 | ||||
Average Investment in Impaired Loans | 10,169 | 9,563 | 11,610 | ||||
Interest Income Recognized | 53 | 124 | 315 | ||||
Loan Balance (With an allowance recorded) | 1,193 | 1,193 | 5,778 | ||||
Recorded Investment (With an allowance recorded) | 1,175 | 1,175 | 4,814 | ||||
Partial Charge-offs (With an allowance recorded) | 67 | 67 | 987 | ||||
Allowance for loan losses (With an allowance recorded) | 65 | 65 | 470 | ||||
Average Investment in Impaired Loans (With an allowance recorded) | 4,000 | 4,339 | 4,263 | ||||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 38 | 45 | 115 | ||||
Impaired Loan, Total | 10,832 | 10,832 | 16,392 | ||||
Recorded Investment, Total | 10,638 | 10,638 | 14,145 | ||||
Partial Charge-offs, Total | 1,149 | 1,149 | 2,180 | ||||
Average Investment in Impaired Loans, Total | 14,169 | 13,902 | 15,873 | ||||
Interest Income Recognized, Total | 91 | 169 | 430 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 10,745 | 10,745 | 11,520 | ||||
Net deferred loan origination costs | 1,521 | 1,521 | 1,199 | ||||
Loans and Leases Receivable, Allowance | 10,810 | 10,810 | 11,990 | $ 11,576 | $ 14,452 | $ 14,181 | $ 14,154 |
Financing Receivable, Individually Evaluated for Impairment | 10,701 | 10,701 | 14,222 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 1,155,255 | 1,155,255 | 1,168,925 | ||||
Loans, net | 1,156,667 | 1,156,667 | 1,172,356 | ||||
One-to-four family residential real estate loans [Member] | |||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||||
Total loans | 170,146 | 170,146 | 180,337 | ||||
Loans individually evaluated for impairment by class loans | |||||||
Loan Balance | 2,617 | 2,617 | 3,246 | ||||
Recorded Investment | 2,685 | 2,685 | 2,656 | ||||
Partial Charge-off | 690 | 690 | 649 | ||||
Average Investment in Impaired Loans | 2,632 | 2,636 | 2,777 | ||||
Interest Income Recognized | 6 | 11 | 44 | ||||
Allowance for loan losses (With an allowance recorded) | 0 | 0 | 8 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 1,844 | 1,844 | 2,140 | ||||
Loans and Leases Receivable, Allowance | 1,844 | 1,844 | 2,148 | ||||
Financing Receivable, Individually Evaluated for Impairment | 3,830 | 3,830 | 4,174 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 166,316 | 166,316 | 176,163 | ||||
One-to-four family residential real estate loans - non-owner occupied loans [Member] | |||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||||
Total loans | 46,585 | 46,585 | 48,346 | ||||
Loans individually evaluated for impairment by class loans | |||||||
Loan Balance | 1,131 | 1,131 | 1,481 | ||||
Recorded Investment | 1,132 | 1,132 | 1,425 | ||||
Partial Charge-off | 57 | 57 | 57 | ||||
Average Investment in Impaired Loans | 1,321 | 1,368 | 745 | ||||
Interest Income Recognized | 11 | 25 | 76 | ||||
Loan Balance (With an allowance recorded) | 115 | ||||||
Recorded Investment (With an allowance recorded) | 78 | ||||||
Partial Charge-offs (With an allowance recorded) | 37 | ||||||
Allowance for loan losses (With an allowance recorded) | 8 | ||||||
Average Investment in Impaired Loans (With an allowance recorded) | 202 | ||||||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | ||||||
Multi-family mortgage loans [Member] | |||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||||
Total loans | 480,585 | 480,585 | 480,349 | ||||
Loans individually evaluated for impairment by class loans | |||||||
Loan Balance | 2,220 | 2,220 | 3,174 | ||||
Recorded Investment | 2,076 | 2,076 | 2,593 | ||||
Partial Charge-off | 330 | 330 | 481 | ||||
Average Investment in Impaired Loans | 1,637 | 1,823 | 3,419 | ||||
Interest Income Recognized | 10 | 21 | 120 | ||||
Loan Balance (With an allowance recorded) | 554 | 554 | 2,713 | ||||
Recorded Investment (With an allowance recorded) | 547 | 547 | 2,131 | ||||
Partial Charge-offs (With an allowance recorded) | 0 | 0 | 624 | ||||
Allowance for loan losses (With an allowance recorded) | 15 | 15 | 226 | ||||
Average Investment in Impaired Loans (With an allowance recorded) | 1,619 | 1,862 | 2,343 | ||||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 18 | 25 | 48 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 4,442 | 4,442 | 4,979 | ||||
Loans and Leases Receivable, Allowance | 4,457 | 4,457 | 5,205 | ||||
Financing Receivable, Individually Evaluated for Impairment | 3,164 | 3,164 | 5,282 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 477,421 | 477,421 | 475,067 | ||||
Multi Family Mortgage Loans without wholesale [Member] [Member] | |||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||||
Total loans | 331,404 | 331,404 | 345,111 | ||||
Loans individually evaluated for impairment by class loans | |||||||
Allowance for loan losses (With an allowance recorded) | 15 | 15 | |||||
Wholesale commercial lending [Member] | |||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||||
Total loans | 149,181 | 149,181 | 135,238 | ||||
Loans individually evaluated for impairment by class loans | |||||||
Loan Balance | 515 | 515 | 519 | ||||
Recorded Investment | 509 | 509 | 513 | ||||
Partial Charge-off | 0 | 0 | 0 | ||||
Average Investment in Impaired Loans | 515 | 516 | 401 | ||||
Interest Income Recognized | 8 | 17 | 0 | ||||
Nonresidential real estate loans [Member] | |||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||||
Total loans | 224,995 | 224,995 | 234,500 | ||||
Loans individually evaluated for impairment by class loans | |||||||
Loan Balance | 3,080 | 3,080 | 2,118 | ||||
Recorded Investment | 2,986 | 2,986 | 2,068 | ||||
Partial Charge-off | 5 | 5 | 6 | ||||
Average Investment in Impaired Loans | 3,989 | 3,145 | 4,175 | ||||
Interest Income Recognized | 18 | 50 | 72 | ||||
Loan Balance (With an allowance recorded) | 639 | 639 | 2,950 | ||||
Recorded Investment (With an allowance recorded) | 628 | 628 | 2,605 | ||||
Partial Charge-offs (With an allowance recorded) | 67 | 67 | 326 | ||||
Allowance for loan losses (With an allowance recorded) | 50 | 50 | 236 | ||||
Average Investment in Impaired Loans (With an allowance recorded) | 2,381 | 2,477 | 1,718 | ||||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 20 | 20 | 67 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 2,933 | 2,933 | 2,704 | ||||
Loans and Leases Receivable, Allowance | 2,983 | 2,983 | 2,940 | ||||
Financing Receivable, Individually Evaluated for Impairment | 3,632 | 3,632 | 4,690 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 221,363 | 221,363 | 229,810 | ||||
Construction Loans [Member] | |||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||||
Total loans | 41 | 41 | 60 | ||||
Land loans [Member] | |||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||||
Total loans | 1,401 | 1,401 | 1,825 | ||||
Commercial loans - Secured [Member] | |||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||||
Total loans | 13,661 | 13,661 | 11,946 | ||||
Loans individually evaluated for impairment by class loans | |||||||
Loan Balance | 76 | 76 | 76 | ||||
Recorded Investment | 75 | 75 | 76 | ||||
Partial Charge-off | 0 | 0 | 0 | ||||
Average Investment in Impaired Loans | 75 | 75 | 93 | ||||
Interest Income Recognized | 0 | 0 | 3 | ||||
Commercial loans - unsecured [Member] | |||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||||
Total loans | 2,849 | 2,849 | 1,885 | ||||
Commercial loans - other [Member] | |||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||||
Total loans | 12,943 | 12,943 | 14,307 | ||||
Consumer loans [Member] | |||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||||
Total loans | 1,768 | 1,768 | 2,051 | ||||
Loans individually evaluated for impairment by class loans | |||||||
Allowance for loan losses (With an allowance recorded) | 0 | 0 | 0 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 26 | 26 | 54 | ||||
Loans and Leases Receivable, Allowance | 26 | 26 | 54 | ||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | 0 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 1,768 | 1,768 | 2,051 | ||||
Construction And Land Loans [Member] | |||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||||
Total loans | 1,442 | 1,442 | 1,885 | ||||
Loans individually evaluated for impairment by class loans | |||||||
Allowance for loan losses (With an allowance recorded) | 0 | 0 | 0 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 56 | 56 | 80 | ||||
Loans and Leases Receivable, Allowance | 56 | 56 | 80 | ||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | 0 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 1,442 | 1,442 | 1,885 | ||||
Commercial Loan [Member] | |||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||||
Total loans | 61,344 | 61,344 | 66,882 | ||||
Loans individually evaluated for impairment by class loans | |||||||
Allowance for loan losses (With an allowance recorded) | 0 | 0 | 0 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 541 | 541 | 554 | ||||
Loans and Leases Receivable, Allowance | 541 | 541 | 554 | ||||
Financing Receivable, Individually Evaluated for Impairment | 75 | 75 | 76 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 61,269 | 61,269 | 66,806 | ||||
Finance Leases Financing Receivable [Member] | |||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||||
Total loans | 225,676 | 225,676 | 217,143 | ||||
Loans individually evaluated for impairment by class loans | |||||||
Allowance for loan losses (With an allowance recorded) | 0 | 0 | 0 | ||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 903 | 903 | 1,009 | ||||
Loans and Leases Receivable, Allowance | 903 | 903 | 1,009 | ||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | 0 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 225,676 | 225,676 | 217,143 | ||||
One to Four Family Residential Real Estate Loans-Owner occupied [Member] [Member] | |||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||||
Total loans | $ 123,561 | $ 123,561 | $ 131,991 |
Loans Receivable - Contractuall
Loans Receivable - Contractually Required Payments (Details) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
One-to-four family residential real estate loans [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Recorded Investment, Total | $ 52,000 | $ 52,000 |
Loans Receivable - Nonaccrual L
Loans Receivable - Nonaccrual Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Reserve For Uncollected Loan Interest | $ 300 | $ 500 |
Unpaid Principal Balance | 10,068 | 14,824 |
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment | 8,658 | 12,213 |
Loans Past Due Over 90 Days, still accruing | 0 | 0 |
Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Unpaid Principal Balance | 1 | 3 |
One-to-four family residential real estate loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Unpaid Principal Balance | 3,275 | 4,793 |
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment | 2,700 | 4,210 |
Loans Past Due Over 90 Days, still accruing | 0 | 0 |
One-to-four family residential real estate loans - non-owner occupied loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Unpaid Principal Balance | 737 | 291 |
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment | 768 | 198 |
Loans Past Due Over 90 Days, still accruing | 0 | 0 |
Multi-family mortgage loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Unpaid Principal Balance | 2,860 | 5,638 |
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment | 2,382 | 4,481 |
Loans Past Due Over 90 Days, still accruing | 0 | 0 |
Nonresidential real estate loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Unpaid Principal Balance | 3,119 | 4,023 |
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment | 2,732 | 3,245 |
Loans Past Due Over 90 Days, still accruing | 0 | 0 |
Commercial loans - Secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Unpaid Principal Balance | 76 | 76 |
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment | 75 | 76 |
Loans Past Due Over 90 Days, still accruing | 0 | 0 |
Consumer loans [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment | 1 | 3 |
Loans Past Due Over 90 Days, still accruing | $ 0 | $ 0 |
Loans Receivable - Past Due Loa
Loans Receivable - Past Due Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | $ 712 | $ 5,013 |
Recorded Investment, 60 to 89 Days Past Due | 636 | 2,074 |
Recorded Investment, 90 Days or Greater Past Due | 6,720 | 10,729 |
Recorded Investment, Total Past Due | 8,068 | 17,816 |
Recorded Investment, Loans Not Past Due | 1,151,348 | 1,158,849 |
Recorded investment, total | 1,159,416 | 1,176,665 |
Consumer Loan [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | 1 | 18 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 1 |
Recorded Investment, 90 Days or Greater Past Due | 1 | 3 |
Recorded Investment, Total Past Due | 2 | 22 |
Recorded Investment, Loans Not Past Due | 1,775 | 2,038 |
Recorded investment, total | 1,777 | 2,060 |
Commercial Leases Lease Pools [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | 0 | 0 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 0 |
Recorded Investment, 90 Days or Greater Past Due | 0 | 0 |
Recorded Investment, Total Past Due | 0 | 0 |
Recorded Investment, Loans Not Past Due | 11,202 | 10,180 |
Recorded investment, total | 11,202 | 10,180 |
Commercial Leases Non Rated [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | 0 | 8 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 0 |
Recorded Investment, 90 Days or Greater Past Due | 0 | 0 |
Recorded Investment, Total Past Due | 0 | 8 |
Recorded Investment, Loans Not Past Due | 41,680 | 35,672 |
Recorded investment, total | 41,680 | 35,680 |
Commercial Leases Below Investment Grade [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | 0 | 136 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 0 |
Recorded Investment, 90 Days or Greater Past Due | 0 | 0 |
Recorded Investment, Total Past Due | 0 | 136 |
Recorded Investment, Loans Not Past Due | 9,293 | 11,246 |
Recorded investment, total | 9,293 | 11,382 |
Commercial Leases Investment Rated [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | 68 | 426 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 0 |
Recorded Investment, 90 Days or Greater Past Due | 0 | 0 |
Recorded Investment, Total Past Due | 68 | 426 |
Recorded Investment, Loans Not Past Due | 164,835 | 160,830 |
Recorded investment, total | 164,903 | 161,256 |
Commercial Loans Other [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | 0 | 0 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 0 |
Recorded Investment, 90 Days or Greater Past Due | 0 | 0 |
Recorded Investment, Total Past Due | 0 | 0 |
Recorded Investment, Loans Not Past Due | 13,099 | 11,339 |
Recorded investment, total | 13,099 | 11,339 |
Aviation (Member) [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, Loans Not Past Due | 1,034 | 1,111 |
Recorded investment, total | 1,034 | 1,111 |
Commercial Loans Health Care [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | 0 | 0 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 0 |
Recorded Investment, 90 Days or Greater Past Due | 0 | 0 |
Recorded Investment, Total Past Due | 0 | 0 |
Recorded Investment, Loans Not Past Due | 15,923 | 24,154 |
Recorded investment, total | 15,923 | 24,154 |
Commercial Loans Warehouse Lines [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | 0 | 0 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 0 |
Recorded Investment, 90 Days or Greater Past Due | 0 | 0 |
Recorded Investment, Total Past Due | 0 | 0 |
Recorded Investment, Loans Not Past Due | 13,011 | 14,362 |
Recorded investment, total | 13,011 | 14,362 |
Commercial Loans Municipal [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | 0 | 0 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 0 |
Recorded Investment, 90 Days or Greater Past Due | 0 | 0 |
Recorded Investment, Total Past Due | 0 | 0 |
Recorded Investment, Loans Not Past Due | 1,933 | 2,243 |
Recorded investment, total | 1,933 | 2,243 |
Commercial loans - unsecured [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | 0 | 0 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 1 |
Recorded Investment, 90 Days or Greater Past Due | 0 | 0 |
Recorded Investment, Total Past Due | 0 | 1 |
Recorded Investment, Loans Not Past Due | 2,855 | 1,884 |
Recorded investment, total | 2,855 | 1,885 |
Commercial loans - Secured [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | 0 | 0 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 0 |
Recorded Investment, 90 Days or Greater Past Due | 75 | 76 |
Recorded Investment, Total Past Due | 75 | 76 |
Recorded Investment, Loans Not Past Due | 13,595 | 11,863 |
Recorded investment, total | 13,670 | 11,939 |
Land Loans [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | 0 | 0 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 0 |
Recorded Investment, 90 Days or Greater Past Due | 0 | 0 |
Recorded Investment, Total Past Due | 0 | 0 |
Recorded Investment, Loans Not Past Due | 1,389 | 1,814 |
Recorded investment, total | 1,389 | 1,814 |
Construction Loans [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | 0 | 0 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 0 |
Recorded Investment, 90 Days or Greater Past Due | 0 | 0 |
Recorded Investment, Total Past Due | 0 | 0 |
Recorded Investment, Loans Not Past Due | 42 | 63 |
Recorded investment, total | 42 | 63 |
Commercial Real Estate [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | 537 | 376 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 444 |
Recorded Investment, 90 Days or Greater Past Due | 1,812 | 3,245 |
Recorded Investment, Total Past Due | 2,349 | 4,065 |
Recorded Investment, Loans Not Past Due | 219,587 | 227,078 |
Recorded investment, total | 221,936 | 231,143 |
Wholesale Commercial Lending [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | 0 | 0 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 0 |
Recorded Investment, 90 Days or Greater Past Due | 0 | 0 |
Recorded Investment, Total Past Due | 0 | 0 |
Recorded Investment, Loans Not Past Due | 148,743 | 135,395 |
Recorded investment, total | 148,743 | 135,395 |
Multi Family Mortgage Loans [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | 0 | 2,314 |
Recorded Investment, 60 to 89 Days Past Due | 304 | 1,187 |
Recorded Investment, 90 Days or Greater Past Due | 1,666 | 3,363 |
Recorded Investment, Total Past Due | 1,970 | 6,864 |
Recorded Investment, Loans Not Past Due | 325,571 | 334,173 |
Recorded investment, total | 327,541 | 341,037 |
One To Four Family Residential Real Estate Loans Non Owner Occupied [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | 3 | 320 |
Recorded Investment, 60 to 89 Days Past Due | 245 | 165 |
Recorded Investment, 90 Days or Greater Past Due | 768 | 198 |
Recorded Investment, Total Past Due | 1,016 | 683 |
Recorded Investment, Loans Not Past Due | 45,255 | 47,350 |
Recorded investment, total | 46,271 | 48,033 |
One to Four Family Residential Real Estate Loans [Member] | ||
Recorded investment in nonaccrual and loans past due over 90 days | ||
Recorded Investment, 30 to 59 Days Past Due | 103 | 1,415 |
Recorded Investment, 60 to 89 Days Past Due | 87 | 276 |
Recorded Investment, 90 Days or Greater Past Due | 2,398 | 3,844 |
Recorded Investment, Total Past Due | 2,588 | 5,535 |
Recorded Investment, Loans Not Past Due | 120,526 | 126,054 |
Recorded investment, total | $ 123,114 | $ 131,589 |
Loans Receivable - Aging of Rec
Loans Receivable - Aging of Recorded Investments (Details) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, 30 to 59 Days Past Due | $ 712 | $ 5,013 |
Recorded Investment, 60 to 89 Days Past Due | 636 | 2,074 |
Recorded Investment, 90 Days or Greater Past Due | 6,720 | 10,729 |
Recorded Investment, Total Past Due | 8,068 | 17,816 |
Recorded Investment, Loans Not Past Due | 1,151,348 | 1,158,849 |
One-to-four family residential real estate loans - non-owner occupied loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, 30 to 59 Days Past Due | 3 | 320 |
Recorded Investment, 60 to 89 Days Past Due | 245 | 165 |
Recorded Investment, 90 Days or Greater Past Due | 768 | 198 |
Recorded Investment, Total Past Due | 1,016 | 683 |
Recorded Investment, Loans Not Past Due | 45,255 | 47,350 |
Multi-family mortgage loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, 30 to 59 Days Past Due | 0 | 2,314 |
Recorded Investment, 60 to 89 Days Past Due | 304 | 1,187 |
Recorded Investment, 90 Days or Greater Past Due | 1,666 | 3,363 |
Recorded Investment, Total Past Due | 1,970 | 6,864 |
Recorded Investment, Loans Not Past Due | 325,571 | 334,173 |
Construction loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, 30 to 59 Days Past Due | 0 | 0 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 0 |
Recorded Investment, 90 Days or Greater Past Due | 0 | 0 |
Recorded Investment, Total Past Due | 0 | 0 |
Recorded Investment, Loans Not Past Due | 42 | 63 |
Land loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, 30 to 59 Days Past Due | 0 | 0 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 0 |
Recorded Investment, 90 Days or Greater Past Due | 0 | 0 |
Recorded Investment, Total Past Due | 0 | 0 |
Recorded Investment, Loans Not Past Due | 1,389 | 1,814 |
Commercial loans - Secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, 30 to 59 Days Past Due | 0 | 0 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 0 |
Recorded Investment, 90 Days or Greater Past Due | 75 | 76 |
Recorded Investment, Total Past Due | 75 | 76 |
Recorded Investment, Loans Not Past Due | 13,595 | 11,863 |
Commercial loans - Unsecured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, 30 to 59 Days Past Due | 0 | 0 |
Recorded Investment, 60 to 89 Days Past Due | 0 | 1 |
Recorded Investment, 90 Days or Greater Past Due | 0 | 0 |
Recorded Investment, Total Past Due | 0 | 1 |
Recorded Investment, Loans Not Past Due | $ 2,855 | $ 1,884 |
Loans Receivable - Troubled Deb
Loans Receivable - Troubled Debt Restructuring (Details) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2015USD ($) | Jun. 30, 2014USD ($) | Jun. 30, 2015USD ($)loan | Jun. 30, 2014USD ($)loan | Dec. 31, 2014USD ($) | |
Financing Receivable, Modifications [Line Items] | |||||
Outstanding Commitments To Borrowers Loans Classified As Troubled Debt Restructurings | $ 0 | $ 0 | |||
Troubled Debt Restructurings | |||||
Financing receivable modifications | $ 2,717,000 | $ 2,717,000 | 3,003,000 | ||
Troubled Debt Restructurings Value Of Decreased Interest Income | 0 | $ 0 | $ 41,000 | ||
Financing Receivable, Modifications, Increase In Allowance For Loan And Leases Losses | 0 | 0 | |||
Troubled Debt Restructuring Charge Off | 0 | 0 | $ 1,000 | ||
Number Of Loans Default Subsequent Modification | loan | 2 | 1 | |||
Accrual Loans [Member] | |||||
Troubled Debt Restructurings | |||||
Financing receivable modifications | 2,093,000 | $ 2,093,000 | 2,427,000 | ||
Non Accrual Loans [Member] | |||||
Troubled Debt Restructurings | |||||
Financing receivable modifications | 624,000 | 624,000 | 576,000 | ||
One-to-four family residential real estate loans - non-owner occupied loans [Member] | Accrual Loans [Member] | |||||
Troubled Debt Restructurings | |||||
Financing receivable modifications | 1,578,000 | 1,578,000 | 1,917,000 | ||
One-to-four family residential real estate loans - non-owner occupied loans [Member] | Non Accrual Loans [Member] | |||||
Troubled Debt Restructurings | |||||
Financing receivable modifications | 291,000 | 291,000 | 230,000 | ||
Multi-family mortgage loans [Member] | Accrual Loans [Member] | |||||
Troubled Debt Restructurings | |||||
Financing receivable modifications | 515,000 | 515,000 | 510,000 | ||
Multi-family mortgage loans [Member] | Non Accrual Loans [Member] | |||||
Troubled Debt Restructurings | |||||
Financing receivable modifications | 333,000 | 333,000 | 346,000 | ||
One to Four Family Residential Real Estate Loans [Member] | |||||
Financing Receivable, Modifications [Line Items] | |||||
Due To Extension Of Maturity Date | 0 | $ 0 | 63,000 | $ 28,000 | |
Allowance for Loan and Lease Losses [Member] | |||||
Troubled Debt Restructurings | |||||
Valuation Allowances and Reserves, Balance | $ 0 | $ 0 | $ 38,000 |
Loans Receivable - Modified Tro
Loans Receivable - Modified Troubled Debt Restructuring (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015USD ($)loan | Jun. 30, 2014USD ($)loan | Jun. 30, 2015USD ($)loan | Jun. 30, 2014USD ($)loan | |
Financing Receivable, Modifications [Line Items] | ||||
Troubled Debt Restructurings Value Of Decreased Interest Income | $ 0 | $ 0 | $ 41,000 | |
Loans modified | $ 2,322,000 | 1,900,000 | ||
Loans by class modified as TDRs | ||||
Financing Receivable, Modifications, Increase In Allowance For Loan And Leases Losses | 0 | 0 | ||
Troubled Debt Restructuring Charge Off | $ 0 | $ 0 | $ 1,000 | |
One-to-four family residential real estate loans [Member] | ||||
Loans by class modified as TDRs | ||||
Number of Loans | loan | 0 | 1 | 1 | 3 |
Pre-Modification outstanding recorded investment | $ 0 | $ 19,000 | $ 63,000 | $ 140,000 |
Post-Modification outstanding recorded investment | 0 | 19,000 | 63,000 | 99,000 |
Due to reduction in interest rate | 0 | 19,000 | 0 | 19,000 |
Due to extension of maturity date | 0 | 0 | 63,000 | 28,000 |
Due to permanent reduction in recorded investment | 0 | 0 | 0 | 52,000 |
Total | $ 0 | $ 19,000 | $ 63,000 | $ 99,000 |
Loans Receivable - Troubled D38
Loans Receivable - Troubled Debt Restructuring - Payment Defaults (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015USD ($)loan | Jun. 30, 2014USD ($)loan | Jun. 30, 2015USD ($)loan | Jun. 30, 2014USD ($)loan | |
Loans by class modified as TDRs with payment default | ||||
Number of loans | loan | 2 | 1 | ||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 77 | $ 28 | ||
One-to-four family residential real estate loans [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable Pre Modification Recorded Investment | $ 0 | $ 19 | 63 | 140 |
Loans by class modified as TDRs with payment default | ||||
Financing Receivable Post Modification Recorded Investment | $ 0 | $ 19 | $ 63 | $ 99 |
Number Of Loans | loan | 0 | 1 | 1 | 3 |
Loans Receivable - Credit Quali
Loans Receivable - Credit Quality Indicators (Details) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Financing Receivable Credit Quality Indicators | ||
Total loans | $ 1,165,956 | $ 1,183,147 |
One-to-four family residential real estate loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 170,146 | 180,337 |
One to Four Family Residential Real Estate Loans-Owner occupied [Member] [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 123,561 | 131,991 |
One-to-four family residential real estate loans - non-owner occupied loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 46,585 | 48,346 |
Multi-family mortgage loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 480,585 | 480,349 |
Multi Family Mortgage Loans without wholesale [Member] [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 331,404 | 345,111 |
Wholesale commercial lending [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 149,181 | 135,238 |
Nonresidential Real Estate Loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 224,995 | 234,500 |
Construction loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 41 | 60 |
Land loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 1,401 | 1,825 |
Commercial loans - Secured [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 13,661 | 11,946 |
Commercial loans - Unsecured [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 2,849 | 1,885 |
Commercial Loans - Municipal loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 1,908 | 2,213 |
Commercial Loans - Warehouse Lines [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 13,055 | 11,296 |
Commercial Loans - Health Care [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 15,895 | 24,127 |
Aviation (Member) [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 1,033 | 1,108 |
Commercial loans - other [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 12,943 | 14,307 |
Commercial Leases - Investment Rated [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 163,774 | 160,208 |
Commercial Leases - Below Investment Grade [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 9,251 | 11,309 |
Commercial Leases - Non Rated [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 41,490 | 35,473 |
Commercial Leases - Lease Pools [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 11,161 | 10,153 |
Consumer loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 1,768 | 2,051 |
Nonaccrual [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 8,495 | 12,267 |
Nonaccrual [Member] | One-to-four family residential real estate loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 2,494 | 4,228 |
Nonaccrual [Member] | One-to-four family residential real estate loans - non-owner occupied loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 772 | 198 |
Nonaccrual [Member] | Multi-family mortgage loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 2,405 | 4,515 |
Nonaccrual [Member] | Wholesale commercial lending [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Nonaccrual [Member] | Nonresidential Real Estate Loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 2,748 | 3,247 |
Nonaccrual [Member] | Construction loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Nonaccrual [Member] | Land loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Nonaccrual [Member] | Commercial loans - Secured [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 75 | 76 |
Nonaccrual [Member] | Commercial loans - Unsecured [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Nonaccrual [Member] | Commercial Loans - Municipal loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Nonaccrual [Member] | Commercial Loans - Warehouse Lines [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Nonaccrual [Member] | Commercial Loans - Health Care [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Nonaccrual [Member] | Commercial loans - other [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Nonaccrual [Member] | Commercial Leases - Investment Rated [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Nonaccrual [Member] | Commercial Leases - Below Investment Grade [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Nonaccrual [Member] | Commercial Leases - Non Rated [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Nonaccrual [Member] | Commercial Leases - Lease Pools [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Nonaccrual [Member] | Consumer loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 1 | 3 |
Substandard [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 11,712 | 13,975 |
Substandard [Member] | One-to-four family residential real estate loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 623 | 1,046 |
Substandard [Member] | One-to-four family residential real estate loans - non-owner occupied loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 433 | 964 |
Substandard [Member] | Multi-family mortgage loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 4,334 | 3,430 |
Substandard [Member] | Wholesale commercial lending [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 515 | 519 |
Substandard [Member] | Nonresidential Real Estate Loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 4,506 | 6,698 |
Substandard [Member] | Construction loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Substandard [Member] | Land loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 730 | 613 |
Substandard [Member] | Commercial loans - Secured [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 7 |
Substandard [Member] | Commercial loans - Unsecured [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 571 | 698 |
Substandard [Member] | Commercial Loans - Municipal loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Substandard [Member] | Commercial Loans - Warehouse Lines [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Substandard [Member] | Commercial Loans - Health Care [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Substandard [Member] | Commercial loans - other [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Substandard [Member] | Commercial Leases - Investment Rated [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Substandard [Member] | Commercial Leases - Below Investment Grade [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Substandard [Member] | Commercial Leases - Non Rated [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Substandard [Member] | Commercial Leases - Lease Pools [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Substandard [Member] | Consumer loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Pass [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 1,143,168 | 1,153,540 |
Pass [Member] | One-to-four family residential real estate loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 120,314 | 126,102 |
Pass [Member] | One-to-four family residential real estate loans - non-owner occupied loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 45,132 | 46,253 |
Pass [Member] | Multi-family mortgage loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 324,081 | 336,557 |
Pass [Member] | Wholesale commercial lending [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 148,666 | 134,719 |
Pass [Member] | Nonresidential Real Estate Loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 216,122 | 223,385 |
Pass [Member] | Construction loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 41 | 60 |
Pass [Member] | Land loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 671 | 1,212 |
Pass [Member] | Commercial loans - Secured [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 13,586 | 11,863 |
Pass [Member] | Commercial loans - Unsecured [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 2,278 | 1,147 |
Pass [Member] | Commercial Loans - Municipal loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 1,908 | 2,213 |
Pass [Member] | Commercial Loans - Warehouse Lines [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 13,055 | 11,296 |
Pass [Member] | Commercial Loans - Health Care [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 15,895 | 24,127 |
Pass [Member] | Aviation (Member) [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 1,033 | 1,108 |
Pass [Member] | Commercial loans - other [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 12,943 | 14,307 |
Pass [Member] | Commercial Leases - Investment Rated [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 163,774 | 160,208 |
Pass [Member] | Commercial Leases - Below Investment Grade [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 9,251 | 11,309 |
Pass [Member] | Commercial Leases - Non Rated [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 41,490 | 35,473 |
Pass [Member] | Commercial Leases - Lease Pools [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 11,161 | 10,153 |
Pass [Member] | Consumer loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 1,767 | 2,048 |
Special Mention [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 2,581 | 3,365 |
Special Mention [Member] | One-to-four family residential real estate loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 130 | 615 |
Special Mention [Member] | One-to-four family residential real estate loans - non-owner occupied loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 248 | 931 |
Special Mention [Member] | Multi-family mortgage loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 584 | 609 |
Special Mention [Member] | Wholesale commercial lending [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Special Mention [Member] | Nonresidential Real Estate Loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 1,619 | 1,170 |
Special Mention [Member] | Construction loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Special Mention [Member] | Land loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Special Mention [Member] | Commercial loans - Secured [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Special Mention [Member] | Commercial loans - Unsecured [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 40 |
Special Mention [Member] | Commercial Loans - Municipal loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Special Mention [Member] | Commercial Loans - Warehouse Lines [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Special Mention [Member] | Commercial Loans - Health Care [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Special Mention [Member] | Commercial loans - other [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Special Mention [Member] | Commercial Leases - Investment Rated [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Special Mention [Member] | Commercial Leases - Below Investment Grade [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Special Mention [Member] | Commercial Leases - Non Rated [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Special Mention [Member] | Commercial Leases - Lease Pools [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Special Mention [Member] | Consumer loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | $ 0 | $ 0 |
Loans Receivable - Narrative (D
Loans Receivable - Narrative (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Valuation and Qualifying Accounts Disclosure [Line Items] | |||||
Reserve For Uncollected Loan Interest | $ 300,000 | $ 300,000 | $ 500,000 | ||
Financing receivable modifications | 2,717,000 | 2,717,000 | 3,003,000 | ||
Outstanding Commitments To Borrowers Loans Classified As Troubled Debt Restructurings | 0 | 0 | |||
Troubled Debt Restructurings Value Of Decreased Interest Income | 0 | $ 0 | $ 41,000 | ||
Financing Receivable, Modifications, Increase In Allowance For Loan And Leases Losses | 0 | 0 | |||
Charges regarding TDRs | 0 | $ 0 | 1,000 | ||
Loans modified | 2,322,000 | $ 1,900,000 | |||
Allowance for Loan and Lease Losses [Member] | |||||
Valuation and Qualifying Accounts Disclosure [Line Items] | |||||
Valuation of reserves allocation | $ 0 | $ 0 | $ 38,000 |
Fair Value - Financial Assets A
Fair Value - Financial Assets Accounted for at Fair Value (Details) - USD ($) | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | $ 1,110,000 | $ 4,344,000 | |
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 99,137,000 | 121,174,000 | |
Real Estate Acquired Through Foreclosure Fair Value | 962,000 | 2,199,000 | |
Certificates of deposit [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 69,652,000 | 86,049,000 | |
Equity Funds [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 508,000 | 509,000 | |
Residential Mortgage Backed Securities [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 20,847,000 | 24,611,000 | |
Collateralized Debt Obligations [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 8,104,000 | 9,976,000 | |
SBA-guaranteed loan participation certificates [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 26,000 | 29,000 | |
Nonrecurring [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | 1,110,000 | 4,344,000 | |
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 99,137,000 | 121,174,000 | |
Real Estate Acquired Through Foreclosure Fair Value | 962,000 | 2,199,000 | |
Servicing Asset at Fair Value, Amount | 160,000 | ||
Nonrecurring [Member] | Certificates of deposit [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 69,652,000 | 86,049,000 | |
Nonrecurring [Member] | Equity mutual fund [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 508,000 | 509,000 | |
Nonrecurring [Member] | Mortgage-backed securities - residential [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 20,847,000 | 24,611,000 | |
Nonrecurring [Member] | Collateralized mortgage obligations - residential [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 8,104,000 | 9,976,000 | |
Nonrecurring [Member] | SBA-guaranteed loan participation certificates [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 26,000 | 29,000 | |
Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | 0 | 0 | |
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 508,000 | 509,000 | |
Real Estate Acquired Through Foreclosure Fair Value | 0 | 0 | |
Servicing Asset at Fair Value, Amount | 0 | ||
Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Certificates of deposit [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 0 | 0 | |
Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Mortgage-backed securities - residential [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 0 | 0 | |
Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Collateralized mortgage obligations - residential [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 0 | 0 | |
Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | SBA-guaranteed loan participation certificates [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 0 | 0 | |
Nonrecurring [Member] | Significant Observable Inputs (Level 2) [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | 0 | 0 | |
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 98,629,000 | 120,665,000 | |
Real Estate Acquired Through Foreclosure Fair Value | 0 | 0 | |
Servicing Asset at Fair Value, Amount | 160,000 | ||
Nonrecurring [Member] | Significant Observable Inputs (Level 2) [Member] | Equity mutual fund [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 0 | 0 | |
Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | 1,110,000 | 4,344,000 | |
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 0 | 0 | |
Real Estate Acquired Through Foreclosure Fair Value | 962,000 | 2,199,000 | |
Servicing Asset at Fair Value, Amount | 0 | ||
Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Certificates of deposit [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 0 | 0 | |
Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Equity mutual fund [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 0 | 0 | |
Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Mortgage-backed securities - residential [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 0 | 0 | |
Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Collateralized mortgage obligations - residential [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 0 | 0 | |
Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | SBA-guaranteed loan participation certificates [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Total Fair value | 0 | 0 | |
One to Four Family Residential Real Estate Loans [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | 70,000 | ||
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 55,000 | ||
One to Four Family Residential Real Estate Loans [Member] | Nonrecurring [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | 70,000 | ||
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 37,000 | 55,000 | |
One to Four Family Residential Real Estate Loans [Member] | Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | 0 | ||
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 0 | 0 | |
One to Four Family Residential Real Estate Loans [Member] | Nonrecurring [Member] | Significant Observable Inputs (Level 2) [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | 0 | ||
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 0 | 0 | |
One to Four Family Residential Real Estate Loans [Member] | Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 37,000 | ||
Multi Family Mortgage Loans [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | 1,905,000 | ||
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 1,265,000 | ||
Multi Family Mortgage Loans [Member] | Nonrecurring [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | 532,000 | 1,905,000 | |
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 409,000 | 1,265,000 | |
Multi Family Mortgage Loans [Member] | Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | 0 | 0 | |
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 0 | 0 | |
Multi Family Mortgage Loans [Member] | Nonrecurring [Member] | Significant Observable Inputs (Level 2) [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | 0 | 0 | |
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 0 | 0 | |
Multi Family Mortgage Loans [Member] | Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | 532,000 | ||
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 409,000 | ||
Commercial Real Estate [Member] | Nonrecurring [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | 578,000 | 2,369,000 | |
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 107,000 | 126,000 | |
Commercial Real Estate [Member] | Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | 0 | 0 | |
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 0 | 0 | |
Commercial Real Estate [Member] | Nonrecurring [Member] | Significant Observable Inputs (Level 2) [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | 0 | 0 | |
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 0 | 0 | |
Commercial Real Estate [Member] | Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | 578,000 | ||
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 107,000 | ||
Nonresidential Real Estate Loans [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Impaired Loan Fair Value | 2,369,000 | ||
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 126,000 | ||
Land Loans [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 753,000 | ||
Land Loans [Member] | Nonrecurring [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 409,000 | 753,000 | |
Land Loans [Member] | Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 0 | 0 | |
Land Loans [Member] | Nonrecurring [Member] | Significant Observable Inputs (Level 2) [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | 0 | $ 0 | |
Land Loans [Member] | Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||
Schedule of Company's financial instruments measured at fair values | |||
Real Estate Acquired Through Foreclosure Fair Value | $ 409,000 | ||
Sales Comparison Valuation Technique [Member] | One to Four Family Residential Real Estate Loans [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Measurements, Valuation Processes, Description | Sales comparison | ||
Fair Value Measurements, Sensitivity Analysis, Description | Discount applied to valuation | Discount applied to valuation | |
Sales Comparison Valuation Technique [Member] | Other Real Estate Owned [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Measurements, Valuation Processes, Description | Sales comparison | ||
Sales Comparison Valuation Technique [Member] | Multi Family Mortgage Loans [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Measurements, Valuation Processes, Description | Sales comparison | Sales comparison | |
Fair Value Measurements, Sensitivity Analysis, Description | Comparison between sales and income approaches | Comparison between sales and income approaches | |
Sales Comparison Valuation Technique [Member] | Commercial Real Estate [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Measurements, Valuation Processes, Description | Sales comparison | Sales comparison | |
Fair Value Measurements, Sensitivity Analysis, Description | Comparison between sales and income approaches | Comparison between sales and income approaches | |
Sales Comparison Valuation Technique [Member] | Nonresidential Real Estate Loans [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Measurements, Valuation Processes, Description | Sales comparison | Sales comparison | |
Fair Value Measurements, Sensitivity Analysis, Description | Comparison between sales and income approaches | Comparison between sales and income approaches | |
Sales Comparison Valuation Technique [Member] | Land Loans [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Measurements, Valuation Processes, Description | Sales comparison | Sales comparison | |
Fair Value Measurements, Sensitivity Analysis, Description | Discount applied to valuation | Discount applied to valuation | |
Income Approach Valuation Technique [Member] | Multi Family Mortgage Loans [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Measurements, Valuation Processes, Description | Income approach | Income approach | |
Fair Value Measurements, Sensitivity Analysis, Description | Cap Rate | Cap Rate | |
Income Approach Valuation Technique [Member] | Nonresidential Real Estate Loans [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Fair Value Measurements, Valuation Processes, Description | Income approach | Income approach | |
Fair Value Measurements, Sensitivity Analysis, Description | Cap Rate | Cap Rate |
Fair Value - Assets Measured at
Fair Value - Assets Measured at Fair Value on a Non-Recurring Basis (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Impaired Loans Carrying Amount | $ 1,200,000 | $ 4,800,000 | ||
Impaired Loans Valuation Allowance | 65,000 | 470,000 | ||
allowance for loan losses, specific reserve, increase or decrease | $ 280,000 | (405,000) | ||
Other Real Estate | 1,400,000 | 3,000,000 | ||
Real Estate Owned, Valuation Allowance | 440,550 | 803,000 | ||
Fair Value, Impaired loans | 1,110,000 | 4,344,000 | ||
Fair Value, Other real estate owned | 962,000 | 2,199,000 | ||
Other Real Estate Owned Write Downs | 236,000 | |||
Mortgage Servicing Rights (MSR) Impairment (Recovery) | 13,000 | $ (10,000) | ||
One-to-four family residential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Impaired loans | 70,000 | |||
Fair Value, Other real estate owned | 55,000 | |||
Multi-family mortgage loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Impaired loans | 1,905,000 | |||
Fair Value, Other real estate owned | 1,265,000 | |||
Nonresidential Real Estate Loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Impaired loans | 2,369,000 | |||
Fair Value, Other real estate owned | 126,000 | |||
Nonrecurring [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Impaired loans | 1,110,000 | 4,344,000 | ||
Fair Value, Other real estate owned | 962,000 | 2,199,000 | ||
Mortgage servicing rights | 160,000 | |||
Nonrecurring [Member] | One-to-four family residential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Impaired loans | 70,000 | |||
Fair Value, Other real estate owned | 37,000 | 55,000 | ||
Nonrecurring [Member] | Multi-family mortgage loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Impaired loans | 532,000 | 1,905,000 | ||
Fair Value, Other real estate owned | 409,000 | 1,265,000 | ||
Nonrecurring [Member] | Nonresidential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Impaired loans | 578,000 | 2,369,000 | ||
Fair Value, Other real estate owned | 107,000 | 126,000 | ||
Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Impaired loans | 0 | 0 | ||
Fair Value, Other real estate owned | 0 | 0 | ||
Mortgage servicing rights | 0 | |||
Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | One-to-four family residential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Impaired loans | 0 | |||
Fair Value, Other real estate owned | 0 | 0 | ||
Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Multi-family mortgage loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Impaired loans | 0 | 0 | ||
Fair Value, Other real estate owned | 0 | 0 | ||
Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Nonresidential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Impaired loans | 0 | 0 | ||
Fair Value, Other real estate owned | 0 | 0 | ||
Nonrecurring [Member] | Significant Observable Inputs (Level 2) [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Impaired loans | 0 | 0 | ||
Fair Value, Other real estate owned | 0 | 0 | ||
Mortgage servicing rights | 160,000 | |||
Nonrecurring [Member] | Significant Observable Inputs (Level 2) [Member] | One-to-four family residential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Impaired loans | 0 | |||
Fair Value, Other real estate owned | 0 | 0 | ||
Nonrecurring [Member] | Significant Observable Inputs (Level 2) [Member] | Multi-family mortgage loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Impaired loans | 0 | 0 | ||
Fair Value, Other real estate owned | 0 | 0 | ||
Nonrecurring [Member] | Significant Observable Inputs (Level 2) [Member] | Nonresidential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Impaired loans | 0 | 0 | ||
Fair Value, Other real estate owned | 0 | 0 | ||
Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Impaired loans | 1,110,000 | 4,344,000 | ||
Fair Value, Other real estate owned | 962,000 | 2,199,000 | ||
Mortgage servicing rights | $ 0 | |||
Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | One-to-four family residential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Other real estate owned | 37,000 | |||
Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Multi-family mortgage loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Impaired loans | 532,000 | |||
Fair Value, Other real estate owned | 409,000 | |||
Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Nonresidential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value, Impaired loans | 578,000 | |||
Fair Value, Other real estate owned | $ 107,000 | |||
Sales Comparison Valuation Technique [Member] | One-to-four family residential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Measurements, Valuation Processes, Description | Sales comparison | |||
Fair Value Measurements, Sensitivity Analysis, Description | Discount applied to valuation | Discount applied to valuation | ||
Sales Comparison Valuation Technique [Member] | Multi-family mortgage loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Measurements, Valuation Processes, Description | Sales comparison | Sales comparison | ||
Fair Value Measurements, Sensitivity Analysis, Description | Comparison between sales and income approaches | Comparison between sales and income approaches | ||
Sales Comparison Valuation Technique [Member] | Nonresidential Real Estate Loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Measurements, Valuation Processes, Description | Sales comparison | Sales comparison | ||
Fair Value Measurements, Sensitivity Analysis, Description | Comparison between sales and income approaches | Comparison between sales and income approaches | ||
Sales Comparison Valuation Technique [Member] | Nonresidential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Measurements, Valuation Processes, Description | Sales comparison | Sales comparison | ||
Fair Value Measurements, Sensitivity Analysis, Description | Comparison between sales and income approaches | Comparison between sales and income approaches | ||
Income Approach Valuation Technique [Member] | Multi-family mortgage loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Measurements, Valuation Processes, Description | Income approach | Income approach | ||
Fair Value Measurements, Sensitivity Analysis, Description | Cap Rate | Cap Rate | ||
Income Approach Valuation Technique [Member] | Nonresidential Real Estate Loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Measurements, Valuation Processes, Description | Income approach | Income approach | ||
Fair Value Measurements, Sensitivity Analysis, Description | Cap Rate | Cap Rate | ||
Maximum [Member] | Impaired Loans [Member] | Sales Comparison Valuation Technique [Member] | One-to-four family residential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Discount Rate | 4.80% | |||
Maximum [Member] | Impaired Loans [Member] | Sales Comparison Valuation Technique [Member] | Multi-family mortgage loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Comparability Adjustments | 21.70% | 43.70% | ||
Maximum [Member] | Impaired Loans [Member] | Sales Comparison Valuation Technique [Member] | Nonresidential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Comparability Adjustments | 4.90% | 33.90% | ||
Maximum [Member] | Impaired Loans [Member] | Income Approach Valuation Technique [Member] | Multi-family mortgage loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Cap Rate | 9.00% | 13.80% | ||
Maximum [Member] | Impaired Loans [Member] | Income Approach Valuation Technique [Member] | Nonresidential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Cap Rate | 10.00% | 11.00% | ||
Maximum [Member] | Other Real Estate Owned [Member] | Sales Comparison Valuation Technique [Member] | One-to-four family residential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Discount Rate | (1.00%) | 7.70% | ||
Maximum [Member] | Other Real Estate Owned [Member] | Sales Comparison Valuation Technique [Member] | Multi-family mortgage loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Comparability Adjustments | 10.40% | 13.50% | ||
Maximum [Member] | Other Real Estate Owned [Member] | Sales Comparison Valuation Technique [Member] | Nonresidential Real Estate [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Discount Rate | 58.00% | |||
Fair Value Inputs, Comparability Adjustments | 32.30% | |||
Maximum [Member] | Other Real Estate Owned [Member] | Sales Comparison Valuation Technique [Member] | Nonresidential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Comparability Adjustments | 4.20% | |||
Maximum [Member] | Other Real Estate Owned [Member] | Sales Comparison Valuation Technique [Member] | Land [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Discount Rate | (8.00%) | |||
Minimum [Member] | Impaired Loans [Member] | Sales Comparison Valuation Technique [Member] | One-to-four family residential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Discount Rate | 4.80% | |||
Minimum [Member] | Impaired Loans [Member] | Sales Comparison Valuation Technique [Member] | Multi-family mortgage loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Comparability Adjustments | 3.60% | (2.10%) | ||
Minimum [Member] | Impaired Loans [Member] | Sales Comparison Valuation Technique [Member] | Nonresidential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Comparability Adjustments | 3.70% | (2.10%) | ||
Minimum [Member] | Impaired Loans [Member] | Income Approach Valuation Technique [Member] | Multi-family mortgage loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Cap Rate | 9.00% | 9.60% | ||
Minimum [Member] | Impaired Loans [Member] | Income Approach Valuation Technique [Member] | Nonresidential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Cap Rate | 10.00% | 10.00% | ||
Minimum [Member] | Other Real Estate Owned [Member] | Sales Comparison Valuation Technique [Member] | One-to-four family residential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Discount Rate | (1.00%) | 6.30% | ||
Minimum [Member] | Other Real Estate Owned [Member] | Sales Comparison Valuation Technique [Member] | Multi-family mortgage loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Comparability Adjustments | (67.70%) | (6.60%) | ||
Minimum [Member] | Other Real Estate Owned [Member] | Sales Comparison Valuation Technique [Member] | Nonresidential Real Estate [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Discount Rate | 58.00% | |||
Fair Value Inputs, Comparability Adjustments | 32.30% | |||
Minimum [Member] | Other Real Estate Owned [Member] | Sales Comparison Valuation Technique [Member] | Nonresidential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Comparability Adjustments | (21.90%) | |||
Minimum [Member] | Other Real Estate Owned [Member] | Sales Comparison Valuation Technique [Member] | Land [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Discount Rate | (8.00%) | |||
Weighted Average [Member] | Impaired Loans [Member] | Sales Comparison Valuation Technique [Member] | One-to-four family residential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Discount Rate | 4.80% | |||
Weighted Average [Member] | Impaired Loans [Member] | Sales Comparison Valuation Technique [Member] | Multi-family mortgage loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Comparability Adjustments | 16.00% | 41.00% | ||
Weighted Average [Member] | Impaired Loans [Member] | Sales Comparison Valuation Technique [Member] | Nonresidential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Comparability Adjustments | 4.00% | 24.00% | ||
Weighted Average [Member] | Impaired Loans [Member] | Income Approach Valuation Technique [Member] | Multi-family mortgage loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Cap Rate | 9.00% | 10.00% | ||
Weighted Average [Member] | Impaired Loans [Member] | Income Approach Valuation Technique [Member] | Nonresidential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Cap Rate | 10.00% | 10.00% | ||
Weighted Average [Member] | Other Real Estate Owned [Member] | Sales Comparison Valuation Technique [Member] | One-to-four family residential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Discount Rate | (1.00%) | 7.00% | ||
Weighted Average [Member] | Other Real Estate Owned [Member] | Sales Comparison Valuation Technique [Member] | Multi-family mortgage loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Comparability Adjustments | (15.00%) | 0.40% | ||
Weighted Average [Member] | Other Real Estate Owned [Member] | Sales Comparison Valuation Technique [Member] | Nonresidential Real Estate [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Discount Rate | 58.00% | |||
Fair Value Inputs, Comparability Adjustments | 32.30% | |||
Weighted Average [Member] | Other Real Estate Owned [Member] | Sales Comparison Valuation Technique [Member] | Nonresidential real estate loans [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Comparability Adjustments | (10.00%) | |||
Weighted Average [Member] | Other Real Estate Owned [Member] | Sales Comparison Valuation Technique [Member] | Land [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Fair Value Inputs, Discount Rate | (8.00%) |
Fair Value - Carrying Amount an
Fair Value - Carrying Amount and Estimated Fair Value of Finanical Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | Dec. 31, 2013 |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Cash and Cash Equivalents, at Carrying Value | $ 77,426 | $ 59,581 | $ 133,505 | $ 160,957 |
Financial assets | ||||
Securities, carrying amount | 99,137 | 121,174 | ||
Loans receivable, net of allowance for loan losses, carrying amounts | 1,156,667 | 1,172,356 | ||
FHLBC stock, carrying amount | 6,257 | 6,257 | ||
Accrued interest receivable, carrying amount | 3,885 | 3,926 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | ||||
Financial assets | ||||
Available-for-sale Securities, Fair Value Disclosure | 99,137 | 121,174 | ||
Loans Receivable, Fair Value Disclosure | 1,150,470 | 1,170,525 | ||
Accounts Receivable, Fair Value Disclosure | 3,885 | 3,926 | ||
Financial liabilities | ||||
Cash and Cash Equivalents, Fair Value Disclosure | 77,426 | 59,581 | ||
Demand Deposit Accounts Fair Value Disclosure | 190,411 | 134,129 | ||
Deposits Savings Deposits Fair Value Disclosure | 156,436 | 154,532 | ||
Now Money Market Accounts Fair Value Disclosure | 625,568 | 690,193 | ||
Certificates Of Deposit Fair Value Disclosure | 227,504 | 232,588 | ||
Short Term Borrowings Fair Value Disclosure | 3,040 | 12,908 | ||
Accrued Liabilities, Fair Value Disclosure | 49 | 89 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 1 [Member] | ||||
Financial assets | ||||
Loans Receivable, Fair Value Disclosure | 0 | |||
Accounts Receivable, Fair Value Disclosure | 0 | |||
Financial liabilities | ||||
Cash and Cash Equivalents, Fair Value Disclosure | 10,591 | 9,693 | ||
Demand Deposit Accounts Fair Value Disclosure | 0 | |||
Deposits Savings Deposits Fair Value Disclosure | 0 | |||
Now Money Market Accounts Fair Value Disclosure | 0 | |||
Certificates Of Deposit Fair Value Disclosure | 0 | |||
Short Term Borrowings Fair Value Disclosure | 0 | |||
Accrued Liabilities, Fair Value Disclosure | 0 | |||
Estimate of Fair Value, Fair Value Disclosure [Member] | Level 2 [Member] | ||||
Financial assets | ||||
Available-for-sale Securities, Fair Value Disclosure | 98,629 | 120,665 | ||
Loans Receivable, Fair Value Disclosure | 1,149,360 | 1,166,181 | ||
Accounts Receivable, Fair Value Disclosure | 3,885 | 3,926 | ||
Financial liabilities | ||||
Cash and Cash Equivalents, Fair Value Disclosure | 66,835 | 49,888 | ||
Demand Deposit Accounts Fair Value Disclosure | 190,411 | 134,129 | ||
Deposits Savings Deposits Fair Value Disclosure | 156,436 | 154,532 | ||
Now Money Market Accounts Fair Value Disclosure | 625,568 | 690,193 | ||
Certificates Of Deposit Fair Value Disclosure | 227,504 | 232,588 | ||
Short Term Borrowings Fair Value Disclosure | 3,040 | 12,908 | ||
Accrued Liabilities, Fair Value Disclosure | 49 | 89 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Financial assets | ||||
Loans Receivable, Fair Value Disclosure | 1,110 | 4,344 | ||
Reported Value Measurement [Member] | ||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||||
Cash and Cash Equivalents, at Carrying Value | 77,426 | 59,581 | ||
Financial assets | ||||
Securities, carrying amount | 99,137 | 121,174 | ||
Loans receivable, net of allowance for loan losses, carrying amounts | 1,156,667 | 1,172,356 | ||
FHLBC stock, carrying amount | 6,257 | 6,257 | ||
Accrued interest receivable, carrying amount | 3,885 | 3,926 | ||
Financial liabilities | ||||
Demand Deposit Accounts | 190,411 | 134,129 | ||
Deposits, Savings Deposits | 156,436 | 154,532 | ||
Now Money Market Accounts | 625,568 | 690,193 | ||
Certificates of Deposit, at Carrying Value | 227,811 | 232,859 | ||
Short-term Debt | 3,039 | 12,921 | ||
Accrued Interest Payable | 49 | 89 | ||
Equity Funds [Member] | ||||
Financial assets | ||||
Securities, carrying amount | $ 508 | $ 509 |
Repurchase Agreements (Details)
Repurchase Agreements (Details) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Repurchase Agreements [Abstract] | ||
Available-for-sale Securities Pledged as Collateral | $ 6,300 | $ 6,800 |
Carrying Value of Federal Funds Purchased, Securities Sold under Agreements to Repurchase, and Deposits Received for Securities Loaned | $ 3,039 | 2,921 |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Amount of Advances | $ 10,000 |
Uncategorized Items - bfin-2015
Label | Element | Value |
Retained Earnings [Member] | ||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | us-gaap_ProfitLoss | $ 1,404 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | us-gaap_ProfitLoss | $ 2,224 |