Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2018 | Jul. 26, 2018 | |
Document and Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2018 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2,018 | |
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 | 17,443,088 |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Assets | ||
Cash and due from other financial institutions | $ 11,738 | $ 13,572 |
Interest-bearing deposits in other financial institutions | 80,457 | 114,020 |
Cash and cash equivalents | 92,195 | 127,592 |
Securities, at fair value | 112,452 | 93,383 |
Loans receivable, net of allowance for loan losses: June 30, 2018, $8,179 and December 31, 2017, $8,366 | 1,287,823 | 1,314,651 |
Other real estate owned, net | 1,187 | 2,351 |
Stock in Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB), at cost | 8,311 | 8,290 |
Premises held-for-sale | 0 | 5,667 |
Premises and equipment, net | 24,441 | 24,856 |
Accrued interest receivable | 4,705 | 4,619 |
Core deposit intangible | 143 | 286 |
Bank owned life insurance | 18,746 | 22,859 |
Deferred taxes | 10,199 | 12,563 |
Other assets | 7,296 | 8,441 |
Total assets | 1,567,498 | 1,625,558 |
Deposits | ||
Noninterest-bearing | 229,717 | 234,354 |
Interest-bearing | 1,066,136 | 1,105,697 |
Total deposits | 1,295,853 | 1,340,051 |
Borrowings | 50,901 | 60,768 |
Advance payments by borrowers for taxes and insurance | 13,827 | 11,645 |
Accrued interest payable and other liabilities | 12,689 | 15,460 |
Total liabilities | 1,373,270 | 1,427,924 |
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; 17,461,088 shares issued at June 30, 2018 and 17,958,723 issued at December 31, 2017 | 175 | 179 |
Additional paid-in capital | 145,331 | 153,811 |
Retained earnings | 48,443 | 43,274 |
Accumulated other comprehensive income | 279 | 370 |
Total stockholders’ equity | 194,228 | 197,634 |
Total liabilities and stockholders’ equity | $ 1,567,498 | $ 1,625,558 |
Consolidated Statements of Fin3
Consolidated Statements of Financial Condition (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Statement of Financial Position [Abstract] | ||
Allowance for loan losses | $ 8,179 | $ 8,366 |
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 | 17,461,088 | 17,958,723 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Interest and dividend income | ||||
Loans, including fees | $ 13,977 | $ 12,956 | $ 27,797 | $ 25,716 |
Securities | 546 | 357 | 1,010 | 706 |
Other | 497 | 336 | 961 | 589 |
Total interest income | 15,020 | 13,649 | 29,768 | 27,011 |
Interest expense | ||||
Deposits | 1,829 | 1,304 | 3,354 | 2,484 |
Borrowings | 210 | 152 | 412 | 248 |
Borrowings | 2,039 | 1,456 | 3,766 | 2,732 |
Net interest income | 12,981 | 12,193 | 26,002 | 24,279 |
Provision for (recovery of) loan losses | 23 | 49 | (235) | 210 |
Net interest income after provision for (recovery of) loan losses | 12,958 | 12,144 | 26,237 | 24,069 |
Noninterest income | ||||
Income from product and service | 989 | 996 | 1,967 | 1,946 |
Loan fee income | 90 | 63 | 160 | 123 |
Commercial mortgage brokerage fees | 85 | 0 | 126 | 0 |
Residential mortgage banking fees | 24 | 87 | 54 | 131 |
Loss on sales of equity securities | (14) | 0 | (14) | 0 |
Gain on sale of premises held-for-sale | 93 | 0 | 93 | 0 |
Loss on sales of equity securities | 0 | |||
Trust and insurance commissions and annuities income | 250 | 245 | 463 | 494 |
Earnings on bank-owned life insurance | 45 | 66 | 111 | 129 |
Bank-owned life insurance death benefit | 1,389 | 0 | 1,389 | 0 |
Other | 143 | 150 | 284 | 328 |
Total noninterest income | 3,094 | 1,607 | 4,633 | 3,151 |
Noninterest expense | ||||
Compensation and benefits | 5,790 | 5,110 | 11,112 | 11,462 |
Office occupancy and equipment | 1,662 | 1,599 | 3,393 | 3,221 |
Advertising and public relations | 274 | 259 | 417 | 640 |
Information technology | 708 | 679 | 1,349 | 1,432 |
Supplies, telephone, and postage | 396 | 358 | 729 | 690 |
Amortization of intangibles | 21 | 122 | 143 | 251 |
Nonperforming asset management | 51 | 27 | 253 | 131 |
Operations of other real estate owned | 135 | 245 | 296 | 458 |
FDIC insurance premiums | 104 | 125 | 223 | 312 |
Other | 1,074 | 1,083 | 2,259 | 2,276 |
Total noninterest expense | 10,215 | 9,607 | 20,174 | 20,873 |
Income before income taxes | 5,837 | 4,144 | 10,696 | 6,347 |
Income tax expense | 1,207 | 1,572 | 2,507 | 1,894 |
Net income | $ 4,630 | $ 2,572 | $ 8,189 | $ 4,453 |
Basic earnings per common share (usd per share) | $ 0.26 | $ 0.14 | $ 0.46 | $ 0.24 |
Diluted earnings per common share (usd per share) | $ 0.26 | $ 0.14 | $ 0.46 | $ 0.24 |
Weighted average common shares outstanding (shares) | 17,633,815 | 18,330,032 | 17,781,407 | 18,485,181 |
Diluted weighted average common shares outstanding (shares) | 17,633,815 | 18,330,455 | 17,781,407 | 18,485,597 |
Consolidated Statements Compreh
Consolidated Statements Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Net income | $ 4,630 | $ 2,572 | $ 8,189 | $ 4,453 |
Unrealized holding loss arising during the period | 11 | 63 | 124 | 83 |
Tax effect | 3 | 24 | 33 | 31 |
Net of tax | (8) | (39) | (91) | (52) |
Comprehensive income | $ 4,622 | $ 2,533 | $ 8,098 | $ 4,401 |
Consolidated Statements of Chan
Consolidated Statements of Changes In Stockholders' Equity - USD ($) $ in Thousands | Total | Common Stock | Additional Paid-in Capital | Retained Earnings | Unearned Employee Stock Ownership Plan Shares | Accumulated Other Comprehensive Income (Loss) |
Beginning Balance at Dec. 31, 2016 | $ 204,780 | $ 192 | $ 173,047 | $ 39,483 | $ (8,318) | $ 376 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 4,453 | 4,453 | ||||
Other comprehensive loss, net of tax | (52) | (52) | ||||
Net exercise of stock options (192,215 shares) | (1,237) | 2 | (1,239) | |||
Prepayment of ESOP Share Acquisition Loan | 1,125 | (8) | (7,185) | 8,318 | ||
Repurchase and retirement of common stock (81,500 and 232,045 shares for quarters ended March 31, 2017 and 2016, respectively) | (6,567) | (4) | (6,563) | |||
Cash dividends declared on common stock ($0.08 and $0.06 per share for quarters ended March 31, 2017 and 2016, respectively) | (2,440) | (2,440) | ||||
Ending Balance at Jun. 30, 2017 | 200,062 | 182 | 158,060 | 41,496 | 0 | 324 |
Beginning Balance at Dec. 31, 2017 | 197,634 | 179 | 153,811 | 43,274 | 0 | 370 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 8,189 | 8,189 | ||||
Other comprehensive loss, net of tax | (91) | (91) | ||||
Nonvested stock awards-stock-based compensation expense | 6 | 6 | ||||
Repurchase and retirement of common stock (81,500 and 232,045 shares for quarters ended March 31, 2017 and 2016, respectively) | (8,490) | (4) | (8,486) | |||
Cash dividends declared on common stock ($0.08 and $0.06 per share for quarters ended March 31, 2017 and 2016, respectively) | (3,020) | (3,020) | ||||
Ending Balance at Jun. 30, 2018 | $ 194,228 | $ 175 | $ 145,331 | $ 48,443 | $ 0 | $ 279 |
Consolidated Statements of Cha7
Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Statement of Stockholders' Equity [Abstract] | ||
Share-based compensation arrangement by share-based payment award, options, exercisable, number (in shares) | 0 | 198,026 |
Cash dividends declared on common stock (in dollars per share) | $ 0.17 | $ 0.13 |
Repurchase and retirement of common stock (in shares) | 497,389 | 448,436,000 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flow - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Cash flows from operating activities | ||
Net income | $ 8,189 | $ 4,453 |
Adjustments to reconcile to net income to net cash from operating activities | ||
Provision for (recovery of) loan losses | (235) | 210 |
Prepayment of ESOP Share Acquisition Loan | 0 | 1,125 |
Stock–based compensation expense | 6 | 0 |
Depreciation and amortization | 1,729 | 1,890 |
Amortization of premiums and discounts on securities and loans | 4 | (91) |
Amortization of core deposit intangible | 143 | 251 |
Amortization of servicing assets | 51 | 59 |
Net change in net deferred loan origination costs | 90 | 183 |
Loss on sale of other real estate owned | 68 | 31 |
Net gain on sale of loans | 0 | (60) |
Loss on sale of equity securities | (14) | 0 |
Gain on sale of premises held-for-sale | 93 | 0 |
Loans originated for sale | 0 | (1,016) |
Proceeds from sale of loans | 0 | 1,076 |
Other real estate owned valuation adjustments | 26 | 74 |
Net change in: | ||
Accrued interest receivable | (86) | (107) |
Earnings on bank owned life insurance | (111) | (129) |
Other assets | 2,938 | 3,317 |
Accrued interest payable and other liabilities | (2,771) | (2,858) |
Net cash from operating activities | 9,962 | 8,408 |
Securities | ||
Proceeds from maturities | 48,953 | 29,275 |
Proceeds from principal repayments | 1,921 | 1,732 |
Proceeds from sale of equity securities | 487 | 0 |
Purchases of securities | (70,572) | (33,648) |
Loans receivable | ||
Loan participations sold | 0 | 3,615 |
Principal payments on loans receivable | 482,893 | 295,864 |
Purchase of loans | 0 | (20,406) |
Originated for investment | (456,760) | (304,332) |
Bank-owned life insurance death benefit | 4,224 | 3,514 |
Proceeds from sale of premises held-for-sale | 5,485 | 0 |
Proceeds from sale of premises held-for-sale | (21) | (154) |
Proceeds from sale of other real estate owned | 1,556 | 830 |
Purchase of premises and equipment, net | (132) | (507) |
Net cash from (used in) investing activities | 18,034 | (24,217) |
Cash flows from financing activities | ||
Net change in deposits | (44,198) | 8,497 |
Net change in borrowings | (9,867) | (192) |
Net change in advance payments by borrowers for taxes and insurance | 2,182 | 2,652 |
Payments for Repurchase of Common Stock | (8,490) | (6,567) |
Payments of Ordinary Dividends, Common Stock | (3,020) | (2,440) |
Payments for Deposits Applied to Debt Retirements | 0 | 1,219 |
Net cash used in financing activities | (63,393) | 731 |
Net change in cash and cash equivalents | (35,397) | (15,078) |
Beginning cash and cash equivalents | 127,592 | 96,684 |
Ending cash and cash equivalents | 92,195 | 81,606 |
Supplemental disclosures of cash flow information: | ||
Interest paid | 3,687 | 2,668 |
Income taxes paid | 176 | 176 |
Loans transferred to other real estate owned | $ 838 | $ 1,936 |
Summary of Significant Accounti
Summary of Significant Accounting Policies (Notes) | 6 Months Ended |
Jun. 30, 2018 | |
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 (the “Company”), is the owner of all of the issued and outstanding capital stock of BankFinancial, NA (the “Bank”). The interim unaudited consolidated financial statements include the accounts and transactions of BankFinancial Corporation, the Bank, and the Bank’s wholly-owned subsidiaries, Financial Assurance Services, Inc. and BFIN Asset Recovery Company, LLC (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. Such adjustments are the only adjustments reflected in the accompanying financial statements. All significant intercompany accounts and transactions have been eliminated. The results of operations for the six -month period ended June 30, 2018 are not necessarily indicative of the results of operations that may be expected for the year ending December 31, 2018 or for any other period. 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, 2017 , as filed with the Securities and Exchange Commission. Recent Accounting Pronouncements 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 became effective for annual periods and interim periods within those annual periods beginning after December 15, 2017. We have evaluated the impact of adopting the update and have concluded that it does not have a significant impact to our consolidated financial statements. The Company’s revenue streams that are in-scope from the update include: financed OREO sales; deposit fees, including ATM fees, overdraft fees, maintenance fees and dormancy fees; debit card fees, and trust fees. For the in-scope revenue streams, our current revenue recognition is not different than our prior revenue recognition under the update. The Company has infrequently financed an OREO sale. Our customer contracts generally do not have performance obligations and fees are assessed and collected as the transaction occurs. The Company’s fee income is not material for any individual income streams. The adoption of ASC 606 did not result in a change to the accounting for any of the in-scope revenue stream; as such, no cumulative effect adjustment was recorded. Refer to Note 8 - Revenue for Contracts with Customers for further discussion on the Company's accounting policies for revenue sources within the scope of ASC 606. In January 2016, the FASB issued an update (ASU No. 2016-01, Financial Instruments - Recognition and Measurement of Financial Assets and Liabilities). The new guidance is intended to improve the recognition and measurement of financial instruments by requiring: equity investments (other than equity method or consolidation) to be measured at fair value with changes in fair value recognized in net income; public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; separate presentation of financial assets and financial liabilities by measurement category and form of financial assets ( i.e., securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements; eliminating the requirement to disclose the fair value of financial instruments measured at amortized cost for organizations that are not public business entities; eliminating the requirement for non-public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is to be required to be disclosed for financial instruments measured at amortized cost on the balance sheet; and requiring a reporting organization to present separately in other comprehensive income the portion of the total change in fair value of a liability resulting from the change in the instrument-specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. The new guidance became effective for public business entities for fiscal years beginning after December 15, 2017. The new pronouncement does not have a significant impact on our Statement of Operations, as we had one equity security that was valued at $499,000 at December 31, 2017 and none at June 30, 2018 . In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). The standard requires a lessee to recognize assets and liabilities on the balance sheet for leases with lease terms greater than 12 months. ASU 2016-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, and early adoption is permitted. We are currently evaluating the impact that the standard will have on our consolidated financial statements. Our preliminary finding is that the new pronouncement will not have a significant impact on our consolidated financial statements as the projected minimum lease payments under existing leases subject to the new pronouncement are less than one percent of our current total assets. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). These amendments require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. ASU 2016-13 is effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 ( i.e. , January 1, 2020, for calendar year entities). Early application will be permitted for all organizations for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. We are currently evaluating the impact that the standard will have on our consolidated financial statements. Our initial review indicates that we have maintained sufficient historical loan data to support the requirements of this pronouncement. In addition, we have begun tracking the average life of the various segments of our loan portfolio. We are currently evaluating various loss methodologies to determine their correlation to our various loan categories' historical performance. In March of 2017, the FASB issued ASU No. 2017-08, “Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities” (“ASU 2017-08”). This guidance shortens the amortization period for premiums on certain callable debt securities to the earliest call date (with an explicit, noncontingent call feature that is callable at a fixed price and on a preset dates), rather than contractual maturity date as currently required under GAAP. The ASU does not impact instruments without preset call dates such as mortgage-backed securities. For instruments with contingent call features, once the contingency is resolved and the security is callable at a fixed price and preset date, the security is within the scope of the ASU. ASU 2017-08 is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, and early adoption is permitted. Effective January 2017, we early adopted the pronouncement. Adoption of the new pronouncement was immaterial to the consolidated financial statements. |
Earnings Per Share (Notes)
Earnings Per Share (Notes) | 6 Months Ended |
Jun. 30, 2018 | |
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 BankFinancial, NA Employee Stock Ownership Plan (the "ESOP") shares in 2017 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 2018 2017 2018 2017 Net income available to common stockholders $ 4,630 $ 2,572 $ 8,189 $ 4,453 Average common shares outstanding 17,634,190 18,330,972 17,782,063 18,784,934 Less: Unearned ESOP shares — — — (298,813 ) Unvested restricted stock shares (375 ) (940 ) (656 ) (940 ) Weighted average common shares outstanding 17,633,815 18,330,032 17,781,407 18,485,181 Add - Net effect of dilutive unvested restricted stock — 423 — 416 Diluted weighted average common shares outstanding 17,633,815 18,330,455 17,781,407 18,485,597 Basic earnings per common share $ 0.26 $ 0.14 $ 0.46 $ 0.24 Diluted earnings per common share $ 0.26 $ 0.14 $ 0.46 $ 0.24 |
Securities (Notes)
Securities (Notes) | 6 Months Ended |
Jun. 30, 2018 | |
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, 2018 Certificates of deposit $ 96,603 $ — $ — $ 96,603 Mortgage-backed securities - residential 11,431 429 (49 ) 11,811 Collateralized mortgage obligations - residential 4,028 14 (11 ) 4,031 SBA-guaranteed loan participation certificates 7 — — 7 $ 112,069 $ 443 $ (60 ) $ 112,452 December 31, 2017 Certificates of deposit $ 75,916 $ — $ — $ 75,916 Equity mutual fund 500 — (1 ) 499 Mortgage-backed securities - residential 11,969 520 (17 ) 12,472 Collateralized mortgage obligations - residential 4,481 16 (11 ) 4,486 SBA-guaranteed loan participation certificates 10 — — 10 $ 92,876 $ 536 $ (29 ) $ 93,383 The 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 government has affirmed its commitment to support. All securities reflected in the preceding table were classified as available-for-sale at June 30, 2018 and December 31, 2017 . The amortized cost and fair values of securities by contractual maturity are shown below. Securities not due at a single maturity date 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, 2018 Amortized Cost Fair Value Due in one year or less $ 96,603 $ 96,603 Mortgage-backed securities - residential 11,431 11,811 Collateralized mortgage obligations - residential 4,028 4,031 SBA-guaranteed loan participation certificates 7 7 $ 112,069 $ 112,452 Three Months Ended Six Months Ended 2018 2017 2018 2017 Proceeds $ 487 $ — $ 487 $ — Gross gains — — — — Gross losses (14 ) — (14 ) — 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, 2018 Mortgage-backed securities - residential $ — $ — $ 1,097 $ (49 ) $ 1,097 $ (49 ) Collateralized mortgage obligations - residential — — 1,890 (11 ) 1,890 (11 ) $ — $ — $ 2,987 $ (60 ) $ 2,987 $ (60 ) December 31, 2017 Equity mutual fund $ 499 $ (1 ) $ — $ — $ 499 $ (1 ) Mortgage-backed securities - residential — — 1,149 (17 ) 1,149 (17 ) Collateralized mortgage obligations - residential — — 2,083 (11 ) 2,083 (11 ) $ 499 $ (1 ) $ 3,232 $ (28 ) $ 3,731 $ (29 ) 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 mortgage-backed securities and collateralized mortgage obligations that the Company holds in its investment portfolio were in an unrealized loss position at June 30, 2018 , 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, 2018 | |
Receivables [Abstract] | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Loans receivable are as follows: June 30, 2018 December 31, 2017 One-to-four family residential real estate $ 84,048 $ 97,814 Multi-family mortgage 571,886 588,383 Nonresidential real estate 155,627 169,971 Construction and land 1,316 1,358 Commercial loans 163,925 152,552 Commercial leases 316,555 310,076 Consumer 1,469 1,597 1,294,826 1,321,751 Net deferred loan origination costs 1,176 1,266 Allowance for loan losses (8,179 ) (8,366 ) Loans, net $ 1,287,823 $ 1,314,651 The following tables present the balance in the allowance for loan losses and the 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, 2018 One-to-four family residential real estate $ — $ 802 $ 802 $ 3,514 $ 80,534 $ 84,048 Multi-family mortgage — 3,690 3,690 668 571,218 571,886 Nonresidential real estate — 1,452 1,452 — 155,627 155,627 Construction and land — 32 32 — 1,316 1,316 Commercial loans — 1,444 1,444 — 163,925 163,925 Commercial leases — 746 746 — 316,555 316,555 Consumer — 13 13 — 1,469 1,469 $ — $ 8,179 $ 8,179 $ 4,182 $ 1,290,644 1,294,826 Net deferred loan origination costs 1,176 Allowance for loan losses (8,179 ) Loans, net $ 1,287,823 Allowance for loan losses Loan Balances Individually evaluated for impairment Collectively evaluated for impairment Total Individually evaluated for impairment Collectively evaluated for impairment Total December 31, 2017 One-to-four family residential real estate $ — $ 850 $ 850 $ 4,265 $ 93,549 $ 97,814 Multi-family mortgage — 3,849 3,849 949 587,434 588,383 Nonresidential real estate — 1,605 1,605 — 169,971 169,971 Construction and land — 32 32 — 1,358 1,358 Commercial loans — 1,357 1,357 — 152,552 152,552 Commercial leases — 655 655 — 310,076 310,076 Consumer — 18 18 — 1,597 1,597 $ — $ 8,366 $ 8,366 $ 5,214 $ 1,316,537 1,321,751 Net deferred loan origination costs 1,266 Allowance for loan losses (8,366 ) Loans, net $ 1,314,651 Activity in the allowance for loan losses is as follows: Three Months Ended Six Months Ended 2018 2017 2018 2017 Beginning balance $ 8,341 $ 7,971 $ 8,366 $ 8,127 Loans charged off: One-to-four family residential real estate (33 ) (22 ) (130 ) (193 ) Multi-family mortgage (35 ) — (35 ) (3 ) Nonresidential real estate — — — (165 ) Commercial loans (140 ) — (140 ) — Consumer (1 ) — (1 ) — (209 ) (22 ) (306 ) (361 ) Recoveries: One-to-four family residential real estate 6 79 105 85 Multi-family mortgage 10 40 18 51 Commercial loans 2 5 225 10 Commercial leases 5 — 5 — Consumer 1 — 1 — 24 124 354 146 Net recoveries (charge-offs) (185 ) 102 48 (215 ) Provision for (recovery of) loan losses 23 49 (235 ) 210 Ending balance $ 8,179 $ 8,122 $ 8,179 $ 8,122 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, 2018 One-to-four family residential real estate $ 2,800 $ 1,491 $ — One-to-four family residential real estate – non-owner occupied 262 47 — Multi-family mortgage - Illinois 96 92 — Consumer 6 6 — $ 3,164 $ 1,636 $ — December 31, 2017 One-to-four family residential real estate $ 3,413 $ 1,918 $ — One-to-four family residential real estate – non-owner occupied 308 109 — Multi-family mortgage - Illinois 376 363 — $ 4,097 $ 2,390 $ — Nonaccrual loans and impaired loans are defined differently. Some loans may be included in both categories, and some loans 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 $50,000 and $103,000 at June 30, 2018 and December 31, 2017 , respectively. When a loan is on nonaccrual status and the ultimate collectability of the total principal of an impaired 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, 2018 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 loans $ 153 $ 629 $ 1,491 $ 2,273 $ 64,325 $ 66,598 One-to-four family residential real estate loans – non-owner occupied 8 43 47 98 16,831 16,929 Multi-family mortgage - Illinois — — — — 267,915 267,915 Multi-family mortgage - Other — — — — 296,921 296,921 Nonresidential real estate — — — — 152,781 152,781 Construction — — — — 1,090 1,090 Land — — — — 228 228 Commercial loans: Regional commercial banking — — — — 46,281 46,281 Health care — — — — 68,672 68,672 Direct commercial lessor — — — — 49,369 49,369 Commercial leases: Investment rated commercial leases 81 — — 81 198,882 198,963 Other commercial leases — — — — 119,416 119,416 Consumer 49 1 6 56 1,422 1,478 $ 291 $ 673 $ 1,544 $ 2,508 $ 1,284,133 $ 1,286,641 The following tables present the aging of the recorded investment of loans at December 31, 2017 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 loans $ 86 $ 99 $ 1,801 $ 1,986 $ 74,216 $ 76,202 One-to-four family residential real estate loans – non-owner occupied 10 3 86 99 20,944 21,043 Multi-family mortgage - Illinois 172 — 364 536 287,171 287,707 Multi-family mortgage - Other — — — — 296,440 296,440 Nonresidential real estate 608 — — 608 166,071 166,679 Construction — — — — 1,103 1,103 Land — — — — 259 259 Commercial loans: Regional commercial banking — — — — 40,935 40,935 Health care — — — — 71,738 71,738 Direct commercial lessor — — — — 40,237 40,237 Commercial leases: Investment rated commercial leases 934 — — 934 207,747 208,681 Other commercial leases 288 — — 288 102,873 103,161 Consumer — — — — 1,605 1,605 $ 2,098 $ 102 $ 2,251 $ 4,451 $ 1,311,339 $ 1,315,790 The Company evaluates loan extensions or modifications in accordance with FASB ASC 310–40 with respect to the classification of the loan as a Troubled Debt Restructuring ("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 $17,000 of TDRs at June 30, 2018 and December 31, 2017 . No specific valuation reserves were allocated to those loans at June 30, 2018 and December 31, 2017 . 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, 2018 December 31, 2017 One-to-four family residential real estate - nonaccrual $ 17 $ 17 During the three and six months ended June 30, 2018 and 2017 , there were no loans modified and classified as TDRs. A TDR is considered to be in payment default once it is 90 days contractually past due under the modified terms. There were no payment defaults on TDRs within twelve months following the modification during the three and six months ended June 30, 2018 and 2017 . There were no loan modifications during the three and six months ended June 30, 2018 . There were certain loan modifications during the three and six months ended June 30, 2017 that did not meet the definition of a TDR. These loans had a total recorded investment of $133,000 at June 30, 2017 . 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. 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, 2018 , 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 loans $ 65,236 $ — $ 257 $ 1,489 $ 66,982 One-to-four family residential real estate loans – non-owner occupied 16,982 — 38 46 17,066 Multi-family mortgage loans - Illinois 270,910 — 218 96 271,224 Multi-family mortgage loans - Other 300,662 — — — 300,662 Nonresidential real estate loans 155,527 — 100 — 155,627 Construction loans 1,086 — — — 1,086 Land loans 230 — — — 230 Commercial loans: Regional commercial banking 37,052 9,251 — — 46,303 Health care 64,804 — 3,820 — 68,624 Direct commercial lessor 48,998 — — — 48,998 Commercial leases: Investment rated commercial leases 197,746 — — — 197,746 Other commercial leases 118,809 — — — 118,809 Consumer 1,463 — 1 5 1,469 $ 1,279,505 $ 9,251 $ 4,434 $ 1,636 $ 1,294,826 As of December 31, 2017 , 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 loans $ 74,437 $ — $ 255 $ 1,914 $ 76,606 One-to-four family residential real estate loans – non-owner occupied 21,059 — 40 109 21,208 Multi-family mortgage loans - Illinois 290,765 — 225 368 291,358 Multi-family mortgage loans - Other 297,025 — — — 297,025 Nonresidential real estate loans 169,817 — 154 — 169,971 Construction loans 1,099 — — — 1,099 Land loans 259 — — — 259 Commercial loans: Regional commercial banking 36,373 4,528 — — 40,901 Health care 69,480 — 2,248 — 71,728 Direct commercial lessor 39,923 — — — 39,923 Commercial leases: Investment rated commercial leases 207,460 — — — 207,460 Other commercial leases 102,616 — — — 102,616 Consumer 1,597 — — — 1,597 $ 1,311,910 $ 4,528 $ 2,922 $ 2,391 $ 1,321,751 |
Other Real Estate Owned (Notes)
Other Real Estate Owned (Notes) | 6 Months Ended |
Jun. 30, 2018 | |
Other Real Estate [Abstract] | |
Real Estate Owned [Text Block] | R eal estate that is acquired through foreclosure or a deed in lieu of foreclosure is classified as other real estate owned ("OREO") until it is sold. When real estate is acquired through foreclosure or by deed in lieu of foreclosure, it is recorded at its fair value, less the estimated costs of disposal. If the fair value of the property is less than the loan balance, the difference is charged against the allowance for loan losses. June 30, 2018 December 31, 2017 Balance Valuation Allowance Net OREO Balance Balance Valuation Allowance Net OREO Balance One–to–four family residential $ 833 $ — $ 833 $ 836 $ (9 ) $ 827 Multi-family mortgage 276 — 276 — — — Nonresidential real estate 74 — 74 1,772 (252 ) 1,520 Land 48 (44 ) 4 48 (44 ) 4 $ 1,231 $ (44 ) $ 1,187 $ 2,656 $ (305 ) $ 2,351 The following represents the roll forward of OREO and the composition of OREO properties: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Beginning balance $ 1,802 $ 5,301 $ 2,351 $ 3,895 New foreclosed properties 276 — 838 1,936 Valuation adjustments (1 ) (54 ) (26 ) (74 ) Sales and payments (890 ) (351 ) (1,976 ) (861 ) Ending balance $ 1,187 $ 4,896 $ 1,187 $ 4,896 Activity in the valuation allowance is as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Beginning balance $ 321 $ 410 $ 305 $ 449 Additions charged to expense 1 54 26 74 Reductions from sales of OREO (278 ) (156 ) (287 ) (215 ) Ending balance $ 44 $ 308 $ 44 $ 308 At June 30, 2018 , the balance of OREO included no foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property without title. At December 31, 2017 the balance of OREO included $352,000 of foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property without title. At June 30, 2018 and December 31, 2017 , the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process was $1.2 million and $1.5 million , respectively. |
Securities Sold Under Agreement
Securities Sold Under Agreements to Repurchase (Notes) | 6 Months Ended |
Jun. 30, 2018 | |
Federal Funds Purchased and Securities Sold under Agreements to Repurchase [Abstract] | |
Securities Sold Under Agreements to Repurchase | Securities sold under agreements to repurchase, included with borrowings on the consolidated balance sheet, are shown below. Overnight and Continuous Up to 30 days 30 - 90 days Greater Than 90 days Total June 30, 2018 Repurchase agreements and repurchase-to-maturity transactions $ 901 $ — $ — $ — $ 901 Gross amount of recognized liabilities for repurchase agreements in Statement of Condition $ 901 December 31, 2017 Repurchase agreements and repurchase-to-maturity transactions $ 768 $ — $ — $ — $ 768 Gross amount of recognized liabilities for repurchase agreements in Statement of Condition $ 768 Securities sold under agreements to repurchase were secured by mortgage-backed securities with a carrying amount of $3.2 million and $3.7 million at June 30, 2018 and December 31, 2017 , respectively. Also included in total borrowings were advances from the FHLB of $50.0 million at June 30, 2018 and $60.0 million at December 31, 2017 . Because security values fluctuate due to market conditions, the Company has no control over the market value of securities sold under agreements to repurchase. The Company is contractually obligated to promptly transfer additional securities to the counterparty if the market value of the securities falls below the repurchase price. |
Fair Value (Notes)
Fair Value (Notes) | 6 Months Ended |
Jun. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value | 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. 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, 2018 Securities: Certificates of deposit $ — $ 96,603 $ — $ 96,603 Mortgage-backed securities – residential — 11,811 — 11,811 Collateralized mortgage obligations – residential — 4,031 — 4,031 SBA-guaranteed loan participation certificates — 7 — 7 $ — $ 112,452 $ — $ 112,452 December 31, 2017 Securities: Certificates of deposit $ — $ 75,916 $ — $ 75,916 Equity mutual fund 499 — — 499 Mortgage-backed securities - residential — 12,472 — 12,472 Collateralized mortgage obligations – residential — 4,486 — 4,486 SBA-guaranteed loan participation certificates — 10 — 10 $ 499 $ 92,884 $ — $ 93,383 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 December 31, 2017 Other real estate owned: One-to-four family residential real estate $ — $ — $ 102 $ 102 Nonresidential real estate — — 814 814 $ — $ — $ 916 $ 916 At June 30, 2018 and December 31, 2017 there were no impaired loans that were measured for impairment using the fair value of the collateral for collateral–dependent loans and which had specific valuation allowances. At June 30, 2018 OREO, which is carried at the lower of cost or fair value less costs to sell, had no properties with a current year valuation allowance, compared to a carrying value of $1.2 million less a valuation allowance of $261,000 , or $916,000 , at December 31, 2017 . There were $26,000 and $74,000 of valuation adjustments of OREO recorded for the six months ended June 30, 2018 and 2017 , respectively. 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: Fair Value Valuation Significant Unobservable Range December 31, 2017 Other real estate owned One-to-four family residential real estate $ 102 Sales comparison Discount applied to valuation 5.6% Nonresidential real estate 814 Sales comparison Comparison between sales and income approaches -3.66% to 15.22% (11.0%) $ 916 The carrying amount and estimated fair value of financial instruments are as follows: Fair Value Measurements at June 30, 2018 Using: Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 92,195 $ 11,738 $ 80,457 $ — $ 92,195 Securities 112,452 — 112,452 — 112,452 Loans receivable, net of allowance for loan losses 1,287,823 — — 1,287,031 1,287,031 FHLB and FRB stock 8,311 — — — N/A Accrued interest receivable 4,705 — 4,705 — 4,705 Financial liabilities Noninterest-bearing demand deposits $ 229,717 $ — $ 229,717 $ — $ 229,717 NOW and money market accounts 563,096 — 563,096 — 563,096 Savings deposits 158,731 — 158,731 — 158,731 Certificates of deposit 344,309 — 341,648 — 341,648 Borrowings 50,901 — 50,828 — 50,828 Accrued interest payable 226 — 226 — 226 Fair Value Measurements at December 31, 2017 Using: Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 127,592 $ 13,572 $ 114,020 $ — $ 127,592 Securities 93,383 499 92,884 — 93,383 Loans receivable, net of allowance for loan losses 1,314,651 — 1,323,139 — 1,323,139 FHLB and FRB stock 8,290 — — — N/A Accrued interest receivable 4,619 — 4,619 — 4,619 Financial liabilities Noninterest-bearing demand deposits $ 234,354 $ — $ 234,354 $ — $ 234,354 NOW and money market accounts 589,238 — 589,238 — 589,238 Savings deposits 160,501 — 160,501 — 160,501 Certificates of deposit 355,958 — 353,969 — 353,969 Borrowings 60,768 — 60,627 — 60,627 Accrued interest payable 147 — 147 — 147 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 : At June 30, 2018, the exit price observations are obtained from an independent third-party using its proprietary valuation model and methodology and may not reflect actual or prospective market valuations. The valuation is based on the probability of default, loss given default, recovery delay, prepayment, and discount rate assumptions. The new methodology is a result of the adoption of ASU 2016-01. At December 31, 2017, 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 methods utilized to estimate fair value of loans do not necessarily represent an exit price. FHLB and FRB Stock : It is not practicable to determine the fair value of FHLB and FRB stock due to the restrictions placed on their 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 FHLB 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. |
Revenue From Contracts With Cus
Revenue From Contracts With Customers | 6 Months Ended |
Jun. 30, 2018 | |
Revenue from Contract with Customer [Abstract] | |
Revenue From Contracts With Customers | REVENUE FROM CONTRACTS WITH CUSTOMERS All of the Company's revenue from contracts with customers in the scope of ASC 606 is recognized within noninterest income. The following table presents the Company's sources of noninterest income. Items outside of the scope of the ASC 606 are noted as such. Three Months Ended Six Months Ended 2018 2017 2018 2017 Deposit service charges and fees $ 989 $ 996 $ 1,967 $ 1,946 Loan fee income (1) 90 63 160 123 Commercial mortgage brokerage fees (1) 85 — 126 — Residential mortgage banking fees (1) 24 87 54 131 Loss on sales of equity securities (1) (14 ) — (14 ) — Gain on sale of premises held-for-sale 93 — 93 — Trust and insurance commissions and annuities income 250 245 463 494 Earnings on bank owned life insurance (1) 45 66 111 129 Bank-owned life insurance death benefit (1) 1,389 — 1,389 — Other (1) 143 150 284 328 Total noninterest income $ 3,094 $ 1,607 $ 4,633 $ 3,151 (1) Not within the scope of ASC 606 A description of the Company's revenue streams accounted for under ASC 606 follows: Deposit service charges and fees: The Company earns fees from its deposit customers based on specific types of transactions, account maintenance and overdraft services. Transaction-based fees, which include services such as ATM use fees, stop payment charges, statement rendering, and ACH fees, are recognized at the time the transaction is executed as that is the point in time the Company fulfills the customer's request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer's account balance. Interchange income: The Company earns interchange fees from debit cardholder transactions conducted through the Visa payment network. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder. Interchange income for the six months ended June 30, 2018 and 2017 was $755,000 and $703,000 , respectively. Interchange income for the three months ended June 30, 2018 and 2017 was $394,000 and $353,000 , respectively. Interchange income is included in deposit service charges and fees. Gain on sale of premises held-for-sale: On April 23, 2018, the Bank sold its office building located at 15W060 North Frontage Road, Burr Ridge, Illinois. The sale was to a unrelated party and title was transfered at closing. As such, the transaction constituted a sale and a net gain was recorded in the second quarter of 2018. Trust and insurance commissions and annuities income: The Company earns trust, insurance commissions and annuities income from its contracts with trust customers to manage assets for investment, and/or to transact on their accounts. These fees are primarily earned over time as the Company provides the contracted monthly or quarterly services and are generally assessed based on a tiered scale of the market value of assets under management (AUM) at month-end. Fees that are transaction based, including trade execution services, are recognized at the point in time that the transaction is executed, i.e., the trade date. Other related services provided include fees the Company earns, which are based on a fixed fee schedule, are recognized when the services are rendered. Gains/losses on sales of OREO: The Company records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Company finances the sale of OREO to the buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Company adjusts the transaction price and related gain (loss) on sale if a significant financing component is present. OREO sales for the six months ended June 30, 2018 and June 30, 2017 were not financed by the Bank. |
Summary of Significant Accoun17
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2018 | |
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 (the “Company”), is the owner of all of the issued and outstanding capital stock of BankFinancial, NA (the “Bank”). The interim unaudited consolidated financial statements include the accounts and transactions of BankFinancial Corporation, the Bank, and the Bank’s wholly-owned subsidiaries, Financial Assurance Services, Inc. and BFIN Asset Recovery Company, LLC (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. Such adjustments are the only adjustments reflected in the accompanying financial statements. All significant intercompany accounts and transactions have been eliminated. The results of operations for the six -month period ended June 30, 2018 are not necessarily indicative of the results of operations that may be expected for the year ending December 31, 2018 or for any other period. 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, 2017 , as filed with the Securities and Exchange Commission. Recent Accounting Pronouncements 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 became effective for annual periods and interim periods within those annual periods beginning after December 15, 2017. We have evaluated the impact of adopting the update and have concluded that it does not have a significant impact to our consolidated financial statements. The Company’s revenue streams that are in-scope from the update include: financed OREO sales; deposit fees, including ATM fees, overdraft fees, maintenance fees and dormancy fees; debit card fees, and trust fees. For the in-scope revenue streams, our current revenue recognition is not different than our prior revenue recognition under the update. The Company has infrequently financed an OREO sale. Our customer contracts generally do not have performance obligations and fees are assessed and collected as the transaction occurs. The Company’s fee income is not material for any individual income streams. The adoption of ASC 606 did not result in a change to the accounting for any of the in-scope revenue stream; as such, no cumulative effect adjustment was recorded. Refer to Note 8 - Revenue for Contracts with Customers for further discussion on the Company's accounting policies for revenue sources within the scope of ASC 606. In January 2016, the FASB issued an update (ASU No. 2016-01, Financial Instruments - Recognition and Measurement of Financial Assets and Liabilities). The new guidance is intended to improve the recognition and measurement of financial instruments by requiring: equity investments (other than equity method or consolidation) to be measured at fair value with changes in fair value recognized in net income; public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; separate presentation of financial assets and financial liabilities by measurement category and form of financial assets ( i.e., securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements; eliminating the requirement to disclose the fair value of financial instruments measured at amortized cost for organizations that are not public business entities; eliminating the requirement for non-public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is to be required to be disclosed for financial instruments measured at amortized cost on the balance sheet; and requiring a reporting organization to present separately in other comprehensive income the portion of the total change in fair value of a liability resulting from the change in the instrument-specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. The new guidance became effective for public business entities for fiscal years beginning after December 15, 2017. The new pronouncement does not have a significant impact on our Statement of Operations, as we had one equity security that was valued at $499,000 at December 31, 2017 and none at June 30, 2018 . In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). The standard requires a lessee to recognize assets and liabilities on the balance sheet for leases with lease terms greater than 12 months. ASU 2016-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, and early adoption is permitted. We are currently evaluating the impact that the standard will have on our consolidated financial statements. Our preliminary finding is that the new pronouncement will not have a significant impact on our consolidated financial statements as the projected minimum lease payments under existing leases subject to the new pronouncement are less than one percent of our current total assets. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). These amendments require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. ASU 2016-13 is effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 ( i.e. , January 1, 2020, for calendar year entities). Early application will be permitted for all organizations for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. We are currently evaluating the impact that the standard will have on our consolidated financial statements. Our initial review indicates that we have maintained sufficient historical loan data to support the requirements of this pronouncement. In addition, we have begun tracking the average life of the various segments of our loan portfolio. We are currently evaluating various loss methodologies to determine their correlation to our various loan categories' historical performance. In March of 2017, the FASB issued ASU No. 2017-08, “Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities” (“ASU 2017-08”). This guidance shortens the amortization period for premiums on certain callable debt securities to the earliest call date (with an explicit, noncontingent call feature that is callable at a fixed price and on a preset dates), rather than contractual maturity date as currently required under GAAP. The ASU does not impact instruments without preset call dates such as mortgage-backed securities. For instruments with contingent call features, once the contingency is resolved and the security is callable at a fixed price and preset date, the security is within the scope of the ASU. ASU 2017-08 is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, and early adoption is permitted. Effective January 2017, we early adopted the pronouncement. Adoption of the new pronouncement was immaterial to the consolidated financial statements. |
Basis of Presentation | Basis of Presentation : BankFinancial Corporation, a Maryland corporation headquartered in Burr Ridge, Illinois (the “Company”), is the owner of all of the issued and outstanding capital stock of BankFinancial, NA (the “Bank”). |
Principles of Consolidation | The interim unaudited consolidated financial statements include the accounts and transactions of BankFinancial Corporation, the Bank, and the Bank’s wholly-owned subsidiaries, Financial Assurance Services, Inc. and BFIN Asset Recovery Company, LLC (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. Such adjustments are the only adjustments reflected in the accompanying financial statements. All significant intercompany accounts and transactions have been eliminated. The results of operations for the six -month period ended June 30, 2018 are not necessarily indicative of the results of operations that may be expected for the year ending December 31, 2018 or for any other period. 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 $50,000 and $103,000 at June 30, 2018 and December 31, 2017 , respectively. When a loan is on nonaccrual status and the ultimate collectability of the total principal of an impaired 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, 2017 , as filed with the Securities and Exchange Commission. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements 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 became effective for annual periods and interim periods within those annual periods beginning after December 15, 2017. We have evaluated the impact of adopting the update and have concluded that it does not have a significant impact to our consolidated financial statements. The Company’s revenue streams that are in-scope from the update include: financed OREO sales; deposit fees, including ATM fees, overdraft fees, maintenance fees and dormancy fees; debit card fees, and trust fees. For the in-scope revenue streams, our current revenue recognition is not different than our prior revenue recognition under the update. The Company has infrequently financed an OREO sale. Our customer contracts generally do not have performance obligations and fees are assessed and collected as the transaction occurs. The Company’s fee income is not material for any individual income streams. The adoption of ASC 606 did not result in a change to the accounting for any of the in-scope revenue stream; as such, no cumulative effect adjustment was recorded. Refer to Note 8 - Revenue for Contracts with Customers for further discussion on the Company's accounting policies for revenue sources within the scope of ASC 606. In January 2016, the FASB issued an update (ASU No. 2016-01, Financial Instruments - Recognition and Measurement of Financial Assets and Liabilities). The new guidance is intended to improve the recognition and measurement of financial instruments by requiring: equity investments (other than equity method or consolidation) to be measured at fair value with changes in fair value recognized in net income; public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; separate presentation of financial assets and financial liabilities by measurement category and form of financial assets ( i.e., securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements; eliminating the requirement to disclose the fair value of financial instruments measured at amortized cost for organizations that are not public business entities; eliminating the requirement for non-public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is to be required to be disclosed for financial instruments measured at amortized cost on the balance sheet; and requiring a reporting organization to present separately in other comprehensive income the portion of the total change in fair value of a liability resulting from the change in the instrument-specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. The new guidance became effective for public business entities for fiscal years beginning after December 15, 2017. The new pronouncement does not have a significant impact on our Statement of Operations, as we had one equity security that was valued at $499,000 at December 31, 2017 and none at June 30, 2018 . In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). The standard requires a lessee to recognize assets and liabilities on the balance sheet for leases with lease terms greater than 12 months. ASU 2016-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, and early adoption is permitted. We are currently evaluating the impact that the standard will have on our consolidated financial statements. Our preliminary finding is that the new pronouncement will not have a significant impact on our consolidated financial statements as the projected minimum lease payments under existing leases subject to the new pronouncement are less than one percent of our current total assets. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). These amendments require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. ASU 2016-13 is effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 ( i.e. , January 1, 2020, for calendar year entities). Early application will be permitted for all organizations for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. We are currently evaluating the impact that the standard will have on our consolidated financial statements. Our initial review indicates that we have maintained sufficient historical loan data to support the requirements of this pronouncement. In addition, we have begun tracking the average life of the various segments of our loan portfolio. We are currently evaluating various loss methodologies to determine their correlation to our various loan categories' historical performance. In March of 2017, the FASB issued ASU No. 2017-08, “Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities” (“ASU 2017-08”). This guidance shortens the amortization period for premiums on certain callable debt securities to the earliest call date (with an explicit, noncontingent call feature that is callable at a fixed price and on a preset dates), rather than contractual maturity date as currently required under GAAP. The ASU does not impact instruments without preset call dates such as mortgage-backed securities. For instruments with contingent call features, once the contingency is resolved and the security is callable at a fixed price and preset date, the security is within the scope of the ASU. ASU 2017-08 is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, and early adoption is permitted. Effective January 2017, we early adopted the pronouncement. Adoption of the new pronouncement was immaterial to the consolidated financial statements. |
Summary of Significant Accoun18
Summary of Significant Accounting Policies New Accounting Pronouncements (Policies) | 6 Months Ended |
Jun. 30, 2018 | |
Text Block [Abstract] | |
Recent Accounting Pronouncements | Recent Accounting Pronouncements 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 became effective for annual periods and interim periods within those annual periods beginning after December 15, 2017. We have evaluated the impact of adopting the update and have concluded that it does not have a significant impact to our consolidated financial statements. The Company’s revenue streams that are in-scope from the update include: financed OREO sales; deposit fees, including ATM fees, overdraft fees, maintenance fees and dormancy fees; debit card fees, and trust fees. For the in-scope revenue streams, our current revenue recognition is not different than our prior revenue recognition under the update. The Company has infrequently financed an OREO sale. Our customer contracts generally do not have performance obligations and fees are assessed and collected as the transaction occurs. The Company’s fee income is not material for any individual income streams. The adoption of ASC 606 did not result in a change to the accounting for any of the in-scope revenue stream; as such, no cumulative effect adjustment was recorded. Refer to Note 8 - Revenue for Contracts with Customers for further discussion on the Company's accounting policies for revenue sources within the scope of ASC 606. In January 2016, the FASB issued an update (ASU No. 2016-01, Financial Instruments - Recognition and Measurement of Financial Assets and Liabilities). The new guidance is intended to improve the recognition and measurement of financial instruments by requiring: equity investments (other than equity method or consolidation) to be measured at fair value with changes in fair value recognized in net income; public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; separate presentation of financial assets and financial liabilities by measurement category and form of financial assets ( i.e., securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements; eliminating the requirement to disclose the fair value of financial instruments measured at amortized cost for organizations that are not public business entities; eliminating the requirement for non-public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is to be required to be disclosed for financial instruments measured at amortized cost on the balance sheet; and requiring a reporting organization to present separately in other comprehensive income the portion of the total change in fair value of a liability resulting from the change in the instrument-specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. The new guidance became effective for public business entities for fiscal years beginning after December 15, 2017. The new pronouncement does not have a significant impact on our Statement of Operations, as we had one equity security that was valued at $499,000 at December 31, 2017 and none at June 30, 2018 . In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). The standard requires a lessee to recognize assets and liabilities on the balance sheet for leases with lease terms greater than 12 months. ASU 2016-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018, and early adoption is permitted. We are currently evaluating the impact that the standard will have on our consolidated financial statements. Our preliminary finding is that the new pronouncement will not have a significant impact on our consolidated financial statements as the projected minimum lease payments under existing leases subject to the new pronouncement are less than one percent of our current total assets. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). These amendments require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. ASU 2016-13 is effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 ( i.e. , January 1, 2020, for calendar year entities). Early application will be permitted for all organizations for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. We are currently evaluating the impact that the standard will have on our consolidated financial statements. Our initial review indicates that we have maintained sufficient historical loan data to support the requirements of this pronouncement. In addition, we have begun tracking the average life of the various segments of our loan portfolio. We are currently evaluating various loss methodologies to determine their correlation to our various loan categories' historical performance. In March of 2017, the FASB issued ASU No. 2017-08, “Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities” (“ASU 2017-08”). This guidance shortens the amortization period for premiums on certain callable debt securities to the earliest call date (with an explicit, noncontingent call feature that is callable at a fixed price and on a preset dates), rather than contractual maturity date as currently required under GAAP. The ASU does not impact instruments without preset call dates such as mortgage-backed securities. For instruments with contingent call features, once the contingency is resolved and the security is callable at a fixed price and preset date, the security is within the scope of the ASU. ASU 2017-08 is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, and early adoption is permitted. Effective January 2017, we early adopted the pronouncement. Adoption of the new pronouncement was immaterial to the consolidated financial statements. |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
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 BankFinancial, NA Employee Stock Ownership Plan (the "ESOP") shares in 2017 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 2018 2017 2018 2017 Net income available to common stockholders $ 4,630 $ 2,572 $ 8,189 $ 4,453 Average common shares outstanding 17,634,190 18,330,972 17,782,063 18,784,934 Less: Unearned ESOP shares — — — (298,813 ) Unvested restricted stock shares (375 ) (940 ) (656 ) (940 ) Weighted average common shares outstanding 17,633,815 18,330,032 17,781,407 18,485,181 Add - Net effect of dilutive unvested restricted stock — 423 — 416 Diluted weighted average common shares outstanding 17,633,815 18,330,455 17,781,407 18,485,597 Basic earnings per common share $ 0.26 $ 0.14 $ 0.46 $ 0.24 Diluted earnings per common share $ 0.26 $ 0.14 $ 0.46 $ 0.24 |
Securities (Tables)
Securities (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
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, 2018 Certificates of deposit $ 96,603 $ — $ — $ 96,603 Mortgage-backed securities - residential 11,431 429 (49 ) 11,811 Collateralized mortgage obligations - residential 4,028 14 (11 ) 4,031 SBA-guaranteed loan participation certificates 7 — — 7 $ 112,069 $ 443 $ (60 ) $ 112,452 December 31, 2017 Certificates of deposit $ 75,916 $ — $ — $ 75,916 Equity mutual fund 500 — (1 ) 499 Mortgage-backed securities - residential 11,969 520 (17 ) 12,472 Collateralized mortgage obligations - residential 4,481 16 (11 ) 4,486 SBA-guaranteed loan participation certificates 10 — — 10 $ 92,876 $ 536 $ (29 ) $ 93,383 The 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 government has affirmed its commitment to support. All securities reflected in the preceding table were classified as available-for-sale at June 30, 2018 and December 31, 2017 . The amortized cost and fair values of securities by contractual maturity are shown below. Securities not due at a single maturity date 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, 2018 Amortized Cost Fair Value Due in one year or less $ 96,603 $ 96,603 Mortgage-backed securities - residential 11,431 11,811 Collateralized mortgage obligations - residential 4,028 4,031 SBA-guaranteed loan participation certificates 7 7 $ 112,069 $ 112,452 Three Months Ended Six Months Ended 2018 2017 2018 2017 Proceeds $ 487 $ — $ 487 $ — Gross gains — — — — Gross losses (14 ) — (14 ) — 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, 2018 Mortgage-backed securities - residential $ — $ — $ 1,097 $ (49 ) $ 1,097 $ (49 ) Collateralized mortgage obligations - residential — — 1,890 (11 ) 1,890 (11 ) $ — $ — $ 2,987 $ (60 ) $ 2,987 $ (60 ) December 31, 2017 Equity mutual fund $ 499 $ (1 ) $ — $ — $ 499 $ (1 ) Mortgage-backed securities - residential — — 1,149 (17 ) 1,149 (17 ) Collateralized mortgage obligations - residential — — 2,083 (11 ) 2,083 (11 ) $ 499 $ (1 ) $ 3,232 $ (28 ) $ 3,731 $ (29 ) 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 mortgage-backed securities and collateralized mortgage obligations that the Company holds in its investment portfolio were in an unrealized loss position at June 30, 2018 , 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, 2018 Certificates of deposit $ 96,603 $ — $ — $ 96,603 Mortgage-backed securities - residential 11,431 429 (49 ) 11,811 Collateralized mortgage obligations - residential 4,028 14 (11 ) 4,031 SBA-guaranteed loan participation certificates 7 — — 7 $ 112,069 $ 443 $ (60 ) $ 112,452 December 31, 2017 Certificates of deposit $ 75,916 $ — $ — $ 75,916 Equity mutual fund 500 — (1 ) 499 Mortgage-backed securities - residential 11,969 520 (17 ) 12,472 Collateralized mortgage obligations - residential 4,481 16 (11 ) 4,486 SBA-guaranteed loan participation certificates 10 — — 10 $ 92,876 $ 536 $ (29 ) $ 93,383 |
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 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, 2018 Amortized Cost Fair Value Due in one year or less $ 96,603 $ 96,603 Mortgage-backed securities - residential 11,431 11,811 Collateralized mortgage obligations - residential 4,028 4,031 SBA-guaranteed loan participation certificates 7 7 $ 112,069 $ 112,452 |
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, 2018 Mortgage-backed securities - residential $ — $ — $ 1,097 $ (49 ) $ 1,097 $ (49 ) Collateralized mortgage obligations - residential — — 1,890 (11 ) 1,890 (11 ) $ — $ — $ 2,987 $ (60 ) $ 2,987 $ (60 ) December 31, 2017 Equity mutual fund $ 499 $ (1 ) $ — $ — $ 499 $ (1 ) Mortgage-backed securities - residential — — 1,149 (17 ) 1,149 (17 ) Collateralized mortgage obligations - residential — — 2,083 (11 ) 2,083 (11 ) $ 499 $ (1 ) $ 3,232 $ (28 ) $ 3,731 $ (29 ) |
Loans Receivable (Tables)
Loans Receivable (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Receivables [Abstract] | |
Loans By Class Modified As Troubled Debt Restructurings With Payment Default [Table Text Block] | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Loans receivable are as follows: June 30, 2018 December 31, 2017 One-to-four family residential real estate $ 84,048 $ 97,814 Multi-family mortgage 571,886 588,383 Nonresidential real estate 155,627 169,971 Construction and land 1,316 1,358 Commercial loans 163,925 152,552 Commercial leases 316,555 310,076 Consumer 1,469 1,597 1,294,826 1,321,751 Net deferred loan origination costs 1,176 1,266 Allowance for loan losses (8,179 ) (8,366 ) Loans, net $ 1,287,823 $ 1,314,651 The following tables present the balance in the allowance for loan losses and the 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, 2018 One-to-four family residential real estate $ — $ 802 $ 802 $ 3,514 $ 80,534 $ 84,048 Multi-family mortgage — 3,690 3,690 668 571,218 571,886 Nonresidential real estate — 1,452 1,452 — 155,627 155,627 Construction and land — 32 32 — 1,316 1,316 Commercial loans — 1,444 1,444 — 163,925 163,925 Commercial leases — 746 746 — 316,555 316,555 Consumer — 13 13 — 1,469 1,469 $ — $ 8,179 $ 8,179 $ 4,182 $ 1,290,644 1,294,826 Net deferred loan origination costs 1,176 Allowance for loan losses (8,179 ) Loans, net $ 1,287,823 Allowance for loan losses Loan Balances Individually evaluated for impairment Collectively evaluated for impairment Total Individually evaluated for impairment Collectively evaluated for impairment Total December 31, 2017 One-to-four family residential real estate $ — $ 850 $ 850 $ 4,265 $ 93,549 $ 97,814 Multi-family mortgage — 3,849 3,849 949 587,434 588,383 Nonresidential real estate — 1,605 1,605 — 169,971 169,971 Construction and land — 32 32 — 1,358 1,358 Commercial loans — 1,357 1,357 — 152,552 152,552 Commercial leases — 655 655 — 310,076 310,076 Consumer — 18 18 — 1,597 1,597 $ — $ 8,366 $ 8,366 $ 5,214 $ 1,316,537 1,321,751 Net deferred loan origination costs 1,266 Allowance for loan losses (8,366 ) Loans, net $ 1,314,651 Activity in the allowance for loan losses is as follows: Three Months Ended Six Months Ended 2018 2017 2018 2017 Beginning balance $ 8,341 $ 7,971 $ 8,366 $ 8,127 Loans charged off: One-to-four family residential real estate (33 ) (22 ) (130 ) (193 ) Multi-family mortgage (35 ) — (35 ) (3 ) Nonresidential real estate — — — (165 ) Commercial loans (140 ) — (140 ) — Consumer (1 ) — (1 ) — (209 ) (22 ) (306 ) (361 ) Recoveries: One-to-four family residential real estate 6 79 105 85 Multi-family mortgage 10 40 18 51 Commercial loans 2 5 225 10 Commercial leases 5 — 5 — Consumer 1 — 1 — 24 124 354 146 Net recoveries (charge-offs) (185 ) 102 48 (215 ) Provision for (recovery of) loan losses 23 49 (235 ) 210 Ending balance $ 8,179 $ 8,122 $ 8,179 $ 8,122 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, 2018 One-to-four family residential real estate $ 2,800 $ 1,491 $ — One-to-four family residential real estate – non-owner occupied 262 47 — Multi-family mortgage - Illinois 96 92 — Consumer 6 6 — $ 3,164 $ 1,636 $ — December 31, 2017 One-to-four family residential real estate $ 3,413 $ 1,918 $ — One-to-four family residential real estate – non-owner occupied 308 109 — Multi-family mortgage - Illinois 376 363 — $ 4,097 $ 2,390 $ — Nonaccrual loans and impaired loans are defined differently. Some loans may be included in both categories, and some loans 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 $50,000 and $103,000 at June 30, 2018 and December 31, 2017 , respectively. When a loan is on nonaccrual status and the ultimate collectability of the total principal of an impaired 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, 2018 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 loans $ 153 $ 629 $ 1,491 $ 2,273 $ 64,325 $ 66,598 One-to-four family residential real estate loans – non-owner occupied 8 43 47 98 16,831 16,929 Multi-family mortgage - Illinois — — — — 267,915 267,915 Multi-family mortgage - Other — — — — 296,921 296,921 Nonresidential real estate — — — — 152,781 152,781 Construction — — — — 1,090 1,090 Land — — — — 228 228 Commercial loans: Regional commercial banking — — — — 46,281 46,281 Health care — — — — 68,672 68,672 Direct commercial lessor — — — — 49,369 49,369 Commercial leases: Investment rated commercial leases 81 — — 81 198,882 198,963 Other commercial leases — — — — 119,416 119,416 Consumer 49 1 6 56 1,422 1,478 $ 291 $ 673 $ 1,544 $ 2,508 $ 1,284,133 $ 1,286,641 The following tables present the aging of the recorded investment of loans at December 31, 2017 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 loans $ 86 $ 99 $ 1,801 $ 1,986 $ 74,216 $ 76,202 One-to-four family residential real estate loans – non-owner occupied 10 3 86 99 20,944 21,043 Multi-family mortgage - Illinois 172 — 364 536 287,171 287,707 Multi-family mortgage - Other — — — — 296,440 296,440 Nonresidential real estate 608 — — 608 166,071 166,679 Construction — — — — 1,103 1,103 Land — — — — 259 259 Commercial loans: Regional commercial banking — — — — 40,935 40,935 Health care — — — — 71,738 71,738 Direct commercial lessor — — — — 40,237 40,237 Commercial leases: Investment rated commercial leases 934 — — 934 207,747 208,681 Other commercial leases 288 — — 288 102,873 103,161 Consumer — — — — 1,605 1,605 $ 2,098 $ 102 $ 2,251 $ 4,451 $ 1,311,339 $ 1,315,790 The Company evaluates loan extensions or modifications in accordance with FASB ASC 310–40 with respect to the classification of the loan as a Troubled Debt Restructuring ("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 $17,000 of TDRs at June 30, 2018 and December 31, 2017 . No specific valuation reserves were allocated to those loans at June 30, 2018 and December 31, 2017 . 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, 2018 December 31, 2017 One-to-four family residential real estate - nonaccrual $ 17 $ 17 During the three and six months ended June 30, 2018 and 2017 , there were no loans modified and classified as TDRs. A TDR is considered to be in payment default once it is 90 days contractually past due under the modified terms. There were no payment defaults on TDRs within twelve months following the modification during the three and six months ended June 30, 2018 and 2017 . There were no loan modifications during the three and six months ended June 30, 2018 . There were certain loan modifications during the three and six months ended June 30, 2017 that did not meet the definition of a TDR. These loans had a total recorded investment of $133,000 at June 30, 2017 . 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. 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, 2018 , 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 loans $ 65,236 $ — $ 257 $ 1,489 $ 66,982 One-to-four family residential real estate loans – non-owner occupied 16,982 — 38 46 17,066 Multi-family mortgage loans - Illinois 270,910 — 218 96 271,224 Multi-family mortgage loans - Other 300,662 — — — 300,662 Nonresidential real estate loans 155,527 — 100 — 155,627 Construction loans 1,086 — — — 1,086 Land loans 230 — — — 230 Commercial loans: Regional commercial banking 37,052 9,251 — — 46,303 Health care 64,804 — 3,820 — 68,624 Direct commercial lessor 48,998 — — — 48,998 Commercial leases: Investment rated commercial leases 197,746 — — — 197,746 Other commercial leases 118,809 — — — 118,809 Consumer 1,463 — 1 5 1,469 $ 1,279,505 $ 9,251 $ 4,434 $ 1,636 $ 1,294,826 As of December 31, 2017 , 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 loans $ 74,437 $ — $ 255 $ 1,914 $ 76,606 One-to-four family residential real estate loans – non-owner occupied 21,059 — 40 109 21,208 Multi-family mortgage loans - Illinois 290,765 — 225 368 291,358 Multi-family mortgage loans - Other 297,025 — — — 297,025 Nonresidential real estate loans 169,817 — 154 — 169,971 Construction loans 1,099 — — — 1,099 Land loans 259 — — — 259 Commercial loans: Regional commercial banking 36,373 4,528 — — 40,901 Health care 69,480 — 2,248 — 71,728 Direct commercial lessor 39,923 — — — 39,923 Commercial leases: Investment rated commercial leases 207,460 — — — 207,460 Other commercial leases 102,616 — — — 102,616 Consumer 1,597 — — — 1,597 $ 1,311,910 $ 4,528 $ 2,922 $ 2,391 $ 1,321,751 |
Loans receivable | Loans receivable are as follows: June 30, 2018 December 31, 2017 One-to-four family residential real estate $ 84,048 $ 97,814 Multi-family mortgage 571,886 588,383 Nonresidential real estate 155,627 169,971 Construction and land 1,316 1,358 Commercial loans 163,925 152,552 Commercial leases 316,555 310,076 Consumer 1,469 1,597 1,294,826 1,321,751 Net deferred loan origination costs 1,176 1,266 Allowance for loan losses (8,179 ) (8,366 ) Loans, net $ 1,287,823 $ 1,314,651 |
Loans Receivable Based On Impairment Method [Table Text Block] | The following tables present the balance in the allowance for loan losses and the 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, 2018 One-to-four family residential real estate $ — $ 802 $ 802 $ 3,514 $ 80,534 $ 84,048 Multi-family mortgage — 3,690 3,690 668 571,218 571,886 Nonresidential real estate — 1,452 1,452 — 155,627 155,627 Construction and land — 32 32 — 1,316 1,316 Commercial loans — 1,444 1,444 — 163,925 163,925 Commercial leases — 746 746 — 316,555 316,555 Consumer — 13 13 — 1,469 1,469 $ — $ 8,179 $ 8,179 $ 4,182 $ 1,290,644 1,294,826 Net deferred loan origination costs 1,176 Allowance for loan losses (8,179 ) Loans, net $ 1,287,823 |
Allowance for loan losses | ctivity in the allowance for loan losses is as follows: Three Months Ended Six Months Ended 2018 2017 2018 2017 Beginning balance $ 8,341 $ 7,971 $ 8,366 $ 8,127 Loans charged off: One-to-four family residential real estate (33 ) (22 ) (130 ) (193 ) Multi-family mortgage (35 ) — (35 ) (3 ) Nonresidential real estate — — — (165 ) Commercial loans (140 ) — (140 ) — Consumer (1 ) — (1 ) — (209 ) (22 ) (306 ) (361 ) Recoveries: One-to-four family residential real estate 6 79 105 85 Multi-family mortgage 10 40 18 51 Commercial loans 2 5 225 10 Commercial leases 5 — 5 — Consumer 1 — 1 — 24 124 354 146 Net recoveries (charge-offs) (185 ) 102 48 (215 ) Provision for (recovery of) loan losses 23 49 (235 ) 210 Ending balance $ 8,179 $ 8,122 $ 8,179 $ 8,122 |
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, 2018 One-to-four family residential real estate $ 2,800 $ 1,491 $ — One-to-four family residential real estate – non-owner occupied 262 47 — Multi-family mortgage - Illinois 96 92 — Consumer 6 6 — $ 3,164 $ 1,636 $ — December 31, 2017 One-to-four family residential real estate $ 3,413 $ 1,918 $ — One-to-four family residential real estate – non-owner occupied 308 109 — Multi-family mortgage - Illinois 376 363 — $ 4,097 $ 2,390 $ — |
Past Due Financing Receivables | The following tables present the aging of the recorded investment of loans at June 30, 2018 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 loans $ 153 $ 629 $ 1,491 $ 2,273 $ 64,325 $ 66,598 One-to-four family residential real estate loans – non-owner occupied 8 43 47 98 16,831 16,929 Multi-family mortgage - Illinois — — — — 267,915 267,915 Multi-family mortgage - Other — — — — 296,921 296,921 Nonresidential real estate — — — — 152,781 152,781 Construction — — — — 1,090 1,090 Land — — — — 228 228 Commercial loans: Regional commercial banking — — — — 46,281 46,281 Health care — — — — 68,672 68,672 Direct commercial lessor — — — — 49,369 49,369 Commercial leases: Investment rated commercial leases 81 — — 81 198,882 198,963 Other commercial leases — — — — 119,416 119,416 Consumer 49 1 6 56 1,422 1,478 $ 291 $ 673 $ 1,544 $ 2,508 $ 1,284,133 $ 1,286,641 |
Troubled Debt Restructurings on Financing Receivables | The following table presents loans classified as TDRs: June 30, 2018 December 31, 2017 One-to-four family residential real estate - nonaccrual $ 17 $ 17 |
Financing Receivable Credit Quality Indicators | As of June 30, 2018 , 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 loans $ 65,236 $ — $ 257 $ 1,489 $ 66,982 One-to-four family residential real estate loans – non-owner occupied 16,982 — 38 46 17,066 Multi-family mortgage loans - Illinois 270,910 — 218 96 271,224 Multi-family mortgage loans - Other 300,662 — — — 300,662 Nonresidential real estate loans 155,527 — 100 — 155,627 Construction loans 1,086 — — — 1,086 Land loans 230 — — — 230 Commercial loans: Regional commercial banking 37,052 9,251 — — 46,303 Health care 64,804 — 3,820 — 68,624 Direct commercial lessor 48,998 — — — 48,998 Commercial leases: Investment rated commercial leases 197,746 — — — 197,746 Other commercial leases 118,809 — — — 118,809 Consumer 1,463 — 1 5 1,469 $ 1,279,505 $ 9,251 $ 4,434 $ 1,636 $ 1,294,826 |
Loans By Class Modified As Troubled Debt Restructuring On Financing Receivables [Table Text Block] |
Other Real Estate Owned (Tables
Other Real Estate Owned (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Other Real Estate [Abstract] | |
Schedule of Real Estate Properties [Table Text Block] | June 30, 2018 December 31, 2017 Balance Valuation Allowance Net OREO Balance Balance Valuation Allowance Net OREO Balance One–to–four family residential $ 833 $ — $ 833 $ 836 $ (9 ) $ 827 Multi-family mortgage 276 — 276 — — — Nonresidential real estate 74 — 74 1,772 (252 ) 1,520 Land 48 (44 ) 4 48 (44 ) 4 $ 1,231 $ (44 ) $ 1,187 $ 2,656 $ (305 ) $ 2,351 |
Real Estate Owned, rollforward [Table Text Block] | June 30, 2018 December 31, 2017 Balance Valuation Allowance Net OREO Balance Balance Valuation Allowance Net OREO Balance One–to–four family residential $ 833 $ — $ 833 $ 836 $ (9 ) $ 827 Multi-family mortgage 276 — 276 — — — Nonresidential real estate 74 — 74 1,772 (252 ) 1,520 Land 48 (44 ) 4 48 (44 ) 4 $ 1,231 $ (44 ) $ 1,187 $ 2,656 $ (305 ) $ 2,351 The following represents the roll forward of OREO and the composition of OREO properties: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Beginning balance $ 1,802 $ 5,301 $ 2,351 $ 3,895 New foreclosed properties 276 — 838 1,936 Valuation adjustments (1 ) (54 ) (26 ) (74 ) Sales and payments (890 ) (351 ) (1,976 ) (861 ) Ending balance $ 1,187 $ 4,896 $ 1,187 $ 4,896 |
OREO valuation allowance, rollforward [Table Text Block] | Activity in the valuation allowance is as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 Beginning balance $ 321 $ 410 $ 305 $ 449 Additions charged to expense 1 54 26 74 Reductions from sales of OREO (278 ) (156 ) (287 ) (215 ) Ending balance $ 44 $ 308 $ 44 $ 308 At June 30, 2018 , the balance of OREO included no foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property without title. At December 31, 2017 the balance of OREO included $352,000 of foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property without title. At June 30, 2018 and December 31, 2017 , the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process was $1.2 million and $1.5 million , respectively. |
Securities Sold Under Agreeme23
Securities Sold Under Agreements to Repurchase (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Federal Funds Purchased and Securities Sold under Agreements to Repurchase [Abstract] | |
Securities sold under agreements to repurchase | Securities sold under agreements to repurchase, included with borrowings on the consolidated balance sheet, are shown below. Overnight and Continuous Up to 30 days 30 - 90 days Greater Than 90 days Total June 30, 2018 Repurchase agreements and repurchase-to-maturity transactions $ 901 $ — $ — $ — $ 901 Gross amount of recognized liabilities for repurchase agreements in Statement of Condition $ 901 December 31, 2017 Repurchase agreements and repurchase-to-maturity transactions $ 768 $ — $ — $ — $ 768 Gross amount of recognized liabilities for repurchase agreements in Statement of Condition $ 768 |
Fair Value (Tables)
Fair Value (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
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, 2018 Securities: Certificates of deposit $ — $ 96,603 $ — $ 96,603 Mortgage-backed securities – residential — 11,811 — 11,811 Collateralized mortgage obligations – residential — 4,031 — 4,031 SBA-guaranteed loan participation certificates — 7 — 7 $ — $ 112,452 $ — $ 112,452 December 31, 2017 Securities: Certificates of deposit $ — $ 75,916 $ — $ 75,916 Equity mutual fund 499 — — 499 Mortgage-backed securities - residential — 12,472 — 12,472 Collateralized mortgage obligations – residential — 4,486 — 4,486 SBA-guaranteed loan participation certificates — 10 — 10 $ 499 $ 92,884 $ — $ 93,383 |
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 December 31, 2017 Other real estate owned: One-to-four family residential real estate $ — $ — $ 102 $ 102 Nonresidential real estate — — 814 814 $ — $ — $ 916 $ 916 |
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: Fair Value Valuation Significant Unobservable Range December 31, 2017 Other real estate owned One-to-four family residential real estate $ 102 Sales comparison Discount applied to valuation 5.6% Nonresidential real estate 814 Sales comparison Comparison between sales and income approaches -3.66% to 15.22% (11.0%) $ 916 |
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, 2018 Using: Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 92,195 $ 11,738 $ 80,457 $ — $ 92,195 Securities 112,452 — 112,452 — 112,452 Loans receivable, net of allowance for loan losses 1,287,823 — — 1,287,031 1,287,031 FHLB and FRB stock 8,311 — — — N/A Accrued interest receivable 4,705 — 4,705 — 4,705 Financial liabilities Noninterest-bearing demand deposits $ 229,717 $ — $ 229,717 $ — $ 229,717 NOW and money market accounts 563,096 — 563,096 — 563,096 Savings deposits 158,731 — 158,731 — 158,731 Certificates of deposit 344,309 — 341,648 — 341,648 Borrowings 50,901 — 50,828 — 50,828 Accrued interest payable 226 — 226 — 226 Fair Value Measurements at December 31, 2017 Using: Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 127,592 $ 13,572 $ 114,020 $ — $ 127,592 Securities 93,383 499 92,884 — 93,383 Loans receivable, net of allowance for loan losses 1,314,651 — 1,323,139 — 1,323,139 FHLB and FRB stock 8,290 — — — N/A Accrued interest receivable 4,619 — 4,619 — 4,619 Financial liabilities Noninterest-bearing demand deposits $ 234,354 $ — $ 234,354 $ — $ 234,354 NOW and money market accounts 589,238 — 589,238 — 589,238 Savings deposits 160,501 — 160,501 — 160,501 Certificates of deposit 355,958 — 353,969 — 353,969 Borrowings 60,768 — 60,627 — 60,627 Accrued interest payable 147 — 147 — 147 |
Revenue From Contracts With C25
Revenue From Contracts With Customers (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Revenue from Contract with Customer [Abstract] | |
Noninterest Income Outside the Scope of ASC 606 | The following table presents the Company's sources of noninterest income. Items outside of the scope of the ASC 606 are noted as such. Three Months Ended Six Months Ended 2018 2017 2018 2017 Deposit service charges and fees $ 989 $ 996 $ 1,967 $ 1,946 Loan fee income (1) 90 63 160 123 Commercial mortgage brokerage fees (1) 85 — 126 — Residential mortgage banking fees (1) 24 87 54 131 Loss on sales of equity securities (1) (14 ) — (14 ) — Gain on sale of premises held-for-sale 93 — 93 — Trust and insurance commissions and annuities income 250 245 463 494 Earnings on bank owned life insurance (1) 45 66 111 129 Bank-owned life insurance death benefit (1) 1,389 — 1,389 — Other (1) 143 150 284 328 Total noninterest income $ 3,094 $ 1,607 $ 4,633 $ 3,151 (1) Not within the scope of ASC 606 |
Summary of Significant Accoun26
Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2018 | Dec. 31, 2017 | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
Securities, carrying amount | $ 112,452 | $ 93,383 |
Operating Leases, Future Minimum Payments Due, Percent Of Current Assets | 1.00% | |
Equity Funds [Member] | ||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
Securities, carrying amount | $ 0 | $ 499 |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Earnings Per Share, Basic and Diluted [Abstract] | ||||
Net income available to common stockholders | $ 4,630 | $ 2,572 | $ 8,189 | $ 4,453 |
Average common shares outstanding (shares) | 17,634,190 | 18,330,972 | 17,782,063 | 18,784,934 |
Less: | ||||
Unearned ESOP shares (shares) | 0 | 0 | 0 | (298,813) |
Unvested restricted stock shares (shares) | (375) | (940) | (656) | (940) |
Weighted average common shares outstanding (shares) | 17,633,815 | 18,330,032 | 17,781,407 | 18,485,181 |
Add - Net effect of dilutive stock options and unvested restricted stock | 0 | 423 | 0 | 416 |
Weighted average diluted common shares outstanding (shares) | 17,633,815 | 18,330,455 | 17,781,407 | 18,485,597 |
Basic earnings per common share (usd per share) | $ 0.26 | $ 0.14 | $ 0.46 | $ 0.24 |
Diluted earnings per common share (usd per share) | $ 0.26 | $ 0.14 | $ 0.46 | $ 0.24 |
Securities - Fair Value of Secu
Securities - Fair Value of Securites (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Unrealized gains and losses recognized in accumulated other comprehensive income (loss) | ||
Amortized Cost | $ 112,069 | $ 92,876 |
Gross Unrealized Gains | 443 | 536 |
Gross Unrealized Losses | (60) | (29) |
Total Fair value | 112,452 | 93,383 |
Certificates of deposit [Member] | ||
Unrealized gains and losses recognized in accumulated other comprehensive income (loss) | ||
Amortized Cost | 96,603 | 75,916 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 0 | 0 |
Total Fair value | 96,603 | 75,916 |
Equity mutual fund [Member] | ||
Unrealized gains and losses recognized in accumulated other comprehensive income (loss) | ||
Amortized Cost | 500 | |
Gross Unrealized Gains | 0 | |
Gross Unrealized Losses | (1) | |
Total Fair value | 0 | 499 |
Mortgage - backed securities - residential [Member] | ||
Unrealized gains and losses recognized in accumulated other comprehensive income (loss) | ||
Amortized Cost | 11,431 | 11,969 |
Gross Unrealized Gains | 429 | 520 |
Gross Unrealized Losses | (49) | (17) |
Total Fair value | 11,811 | 12,472 |
Collateralized mortgage obligations - residential [Member] | ||
Unrealized gains and losses recognized in accumulated other comprehensive income (loss) | ||
Amortized Cost | 4,028 | 4,481 |
Gross Unrealized Gains | 14 | 16 |
Gross Unrealized Losses | (11) | (11) |
Total Fair value | 4,031 | 4,486 |
SBA-guaranteed loan participation certificates [Member] | ||
Unrealized gains and losses recognized in accumulated other comprehensive income (loss) | ||
Amortized Cost | 7 | 10 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 0 | 0 |
Total Fair value | $ 7 | $ 10 |
Securities - Amortized Cost and
Securities - Amortized Cost and Fair Value (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Amortized cost and fair values of securities | ||
Due in one year or less, amortized cost | $ 96,603 | |
Due in one year or less, fair value | 96,603 | |
Total Fair value | 112,452 | $ 93,383 |
Total Amortized Cost | 112,069 | 92,876 |
Equity mutual fund [Member] | ||
Amortized cost and fair values of securities | ||
Total Fair value | 0 | 499 |
Total Amortized Cost | 500 | |
Mortgage - backed securities - residential [Member] | ||
Amortized cost and fair values of securities | ||
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost | 11,431 | |
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value | 11,811 | |
Total Fair value | 11,811 | 12,472 |
Total Amortized Cost | 11,431 | 11,969 |
Collateralized mortgage obligations - residential [Member] | ||
Amortized cost and fair values of securities | ||
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost | 4,028 | |
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value | 4,031 | |
Total Fair value | 4,031 | 4,486 |
Total Amortized Cost | 4,028 | 4,481 |
SBA-guaranteed loan participation certificates [Member] | ||
Amortized cost and fair values of securities | ||
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost | 7 | |
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value | 7 | |
Total Fair value | 7 | 10 |
Total Amortized Cost | $ 7 | $ 10 |
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, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Proceeds and Gross Gains (Losses) from Sale of Securities [Abstract] | ||||
Proceeds | $ 487 | $ 0 | $ 487 | $ 0 |
Gross gains | 0 | 0 | 0 | 0 |
Gross losses | $ (14) | $ 0 | $ (14) | $ 0 |
Securities - Unrealized Losses
Securities - Unrealized Losses (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Amortized cost and fair values of securities | ||
Less than 12 Months | $ 0 | $ 499 |
12 Months or More | 2,987 | 3,232 |
Total | 2,987 | 3,731 |
Unrealized loss of securities | ||
Less than 12 Months, Unrealized Loss | 0 | (1) |
12 Months or More | (60) | (28) |
Unrealized Loss | 60 | 29 |
Mortgage Backed Securities Residential [Member] | ||
Amortized cost and fair values of securities | ||
Less than 12 Months | 0 | 0 |
12 Months or More | 1,097 | 1,149 |
Total | 1,097 | 1,149 |
Unrealized loss of securities | ||
Less than 12 Months, Unrealized Loss | 0 | 0 |
12 Months or More | (49) | (17) |
Unrealized Loss | 49 | 17 |
Collateralized mortgage obligations - residential [Member] | ||
Amortized cost and fair values of securities | ||
Less than 12 Months | 0 | 0 |
12 Months or More | 1,890 | 2,083 |
Total | 1,890 | 2,083 |
Unrealized loss of securities | ||
Less than 12 Months, Unrealized Loss | 0 | 0 |
12 Months or More | (11) | (11) |
Unrealized Loss | $ 11 | 11 |
Equity Funds [Member] | ||
Amortized cost and fair values of securities | ||
Less than 12 Months | 499 | |
12 Months or More | 0 | |
Total | 499 | |
Unrealized loss of securities | ||
Less than 12 Months, Unrealized Loss | (1) | |
12 Months or More | 0 | |
Unrealized Loss | $ 1 |
Loans Receivable (Details)
Loans Receivable (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 |
Loans receivable | |||||||
Total loans | $ 1,294,826 | $ 1,321,751 | |||||
Net deferred loan origination costs | 1,176 | 1,266 | |||||
Allowance for loan losses | (8,179) | $ (8,341) | (8,366) | $ (8,122) | $ (8,122) | $ (7,971) | $ (8,127) |
Loans, net | 1,287,823 | 1,314,651 | |||||
One-to-four family residential real estate loans [Member] | |||||||
Loans receivable | |||||||
Total loans | 84,048 | 97,814 | |||||
Allowance for loan losses | (802) | (850) | |||||
Multi-family mortgage loans [Member] | |||||||
Loans receivable | |||||||
Total loans | 571,886 | 588,383 | |||||
Allowance for loan losses | (3,690) | (3,849) | |||||
Nonresidential real estate loans [Member] | |||||||
Loans receivable | |||||||
Total loans | 155,627 | 169,971 | |||||
Allowance for loan losses | (1,452) | (1,605) | |||||
Construction and land loans [Member] | |||||||
Loans receivable | |||||||
Total loans | 1,316 | 1,358 | |||||
Allowance for loan losses | (32) | (32) | |||||
Commercial loans [Member] | |||||||
Loans receivable | |||||||
Total loans | 163,925 | 152,552 | |||||
Allowance for loan losses | (1,444) | (1,357) | |||||
Commercial leases [Member] | |||||||
Loans receivable | |||||||
Total loans | 316,555 | 310,076 | |||||
Allowance for loan losses | (746) | (655) | |||||
Consumer loans [Member] | |||||||
Loans receivable | |||||||
Total loans | 1,469 | 1,597 | |||||
Allowance for loan losses | $ (13) | $ (18) |
Loans Receivable - Loan Origina
Loans Receivable - Loan Origination and Risk Management (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and leases, amount | $ 1,294,826 | $ 1,321,751 |
Multi-family mortgage loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and leases, amount | 571,886 | 588,383 |
Nonresidential Real Estate Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and leases, amount | 155,627 | 169,971 |
Commercial leases [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and leases, amount | $ 316,555 | $ 310,076 |
Loans Receivable - Allowance fo
Loans Receivable - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Allowance for loan losses and the loans receivable by portfolio segment | ||
Net deferred loan origination costs | $ 1,176 | $ 1,266 |
Loans, net | $ 1,287,823 | $ 1,314,651 |
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, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | $ 8,341 | $ 7,971 | $ 8,366 | $ 8,127 |
Loans charged off | (209) | (22) | (306) | (361) |
Recoveries | 24 | 124 | 354 | 146 |
Net charge-off | 185 | (102) | (48) | 215 |
Provision for (recovery of) loan losses | 23 | 49 | (235) | 210 |
Ending balance | 8,179 | 8,122 | 8,179 | 8,122 |
One-to-four family residential real estate loans [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 850 | |||
Loans charged off | (33) | (22) | (130) | (193) |
Recoveries | 6 | 79 | 105 | 85 |
Ending balance | 802 | 802 | ||
Multi-family mortgage loans [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 3,849 | |||
Loans charged off | (35) | 0 | (35) | (3) |
Recoveries | 10 | 40 | 18 | 51 |
Ending balance | 3,690 | 3,690 | ||
Nonresidential real estate loans [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 1,605 | |||
Loans charged off | 0 | 0 | 0 | (165) |
Ending balance | 1,452 | 1,452 | ||
Construction and land loans [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 32 | |||
Ending balance | 32 | 32 | ||
Commercial loans [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 1,357 | |||
Loans charged off | (140) | 0 | (140) | 0 |
Recoveries | 2 | 5 | 225 | 10 |
Ending balance | 1,444 | 1,444 | ||
Commercial leases [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 655 | |||
Recoveries | 5 | 0 | 5 | 0 |
Ending balance | 746 | 746 | ||
Consumer loans [Member] | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 18 | |||
Loans charged off | (1) | 0 | (1) | 0 |
Recoveries | 1 | $ 0 | 1 | $ 0 |
Ending balance | $ 13 | $ 13 |
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, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Mar. 31, 2018 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||||
Total loans | $ 1,294,826 | $ 1,294,826 | $ 1,321,751 | |||||
Loans individually evaluated for impairment by class loans | ||||||||
Loan Balance | 6,007 | |||||||
Recorded Investment | 5,196 | |||||||
Partial Charge-off | 806 | |||||||
Average Investment in Impaired Loans | 5,059 | |||||||
Interest Income Recognized | 238 | |||||||
Allowance for loan losses (With an allowance recorded) | 0 | 0 | 0 | |||||
Impaired Loan, Total | 4,859 | 4,859 | ||||||
Recorded Investment, Total | 4,167 | 4,167 | ||||||
Partial Charge-offs, Total | 692 | 692 | ||||||
Average Investment in Impaired Loans, Total | 4,470 | 4,858 | ||||||
Interest Income Recognized, Total | 21 | 44 | ||||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 8,179 | 8,179 | 8,366 | |||||
Net deferred loan origination costs | 1,176 | 1,176 | 1,266 | |||||
Loans and Leases Receivable, Allowance | 8,179 | 8,179 | 8,366 | $ 8,341 | $ 8,122 | $ 8,122 | $ 7,971 | $ 8,127 |
Financing Receivable, Individually Evaluated for Impairment | 4,182 | 4,182 | 5,214 | |||||
Financing Receivable, Collectively Evaluated for Impairment | 1,290,644 | 1,290,644 | 1,316,537 | |||||
Loans, net | 1,287,823 | 1,287,823 | 1,314,651 | |||||
One-to-four family residential real estate loans [Member] | ||||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||||
Total loans | 84,048 | 84,048 | 97,814 | |||||
Loans individually evaluated for impairment by class loans | ||||||||
Loan Balance | 4,105 | 4,105 | 5,049 | |||||
Recorded Investment | 3,455 | 3,455 | 4,248 | |||||
Partial Charge-off | 650 | 650 | 806 | |||||
Average Investment in Impaired Loans | 3,558 | 3,812 | 4,212 | |||||
Interest Income Recognized | 12 | 24 | 197 | |||||
Allowance for loan losses (With an allowance recorded) | 0 | 0 | 0 | |||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 802 | 802 | 850 | |||||
Loans and Leases Receivable, Allowance | 802 | 802 | 850 | |||||
Financing Receivable, Individually Evaluated for Impairment | 3,514 | 3,514 | 4,265 | |||||
Financing Receivable, Collectively Evaluated for Impairment | 80,534 | 80,534 | 93,549 | |||||
One-to-four family residential real estate loans - non-owner occupied loans [Member] | ||||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||||
Total loans | 17,066 | 17,066 | 21,208 | |||||
Loans individually evaluated for impairment by class loans | ||||||||
Loan Balance | 86 | 86 | ||||||
Recorded Investment | 46 | 46 | ||||||
Partial Charge-off | 42 | 42 | ||||||
Average Investment in Impaired Loans | 35 | 137 | ||||||
Interest Income Recognized | 0 | 0 | ||||||
Multi-family mortgage loans [Member] | ||||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||||
Total loans | 571,886 | 571,886 | 588,383 | |||||
Loans individually evaluated for impairment by class loans | ||||||||
Loan Balance | 668 | 668 | 958 | |||||
Recorded Investment | 666 | 666 | 948 | |||||
Partial Charge-off | 0 | 0 | 0 | |||||
Average Investment in Impaired Loans | 877 | 909 | 847 | |||||
Interest Income Recognized | 9 | 20 | 41 | |||||
Allowance for loan losses (With an allowance recorded) | 0 | 0 | 0 | |||||
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment | 3,690 | 3,690 | 3,849 | |||||
Loans and Leases Receivable, Allowance | 3,690 | 3,690 | 3,849 | |||||
Financing Receivable, Individually Evaluated for Impairment | 668 | 668 | 949 | |||||
Financing Receivable, Collectively Evaluated for Impairment | 571,218 | 571,218 | 587,434 | |||||
Multi Family Mortgage Loans without wholesale [Member] [Member] | ||||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||||
Total loans | 271,224 | 271,224 | 291,358 | |||||
Wholesale commercial lending [Member] | ||||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||||
Total loans | 300,662 | 300,662 | 297,025 | |||||
Nonresidential real estate loans [Member] | ||||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||||
Total loans | 155,627 | 155,627 | 169,971 | |||||
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 | 1,452 | 1,452 | 1,605 | |||||
Loans and Leases Receivable, Allowance | 1,452 | 1,452 | 1,605 | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | 0 | |||||
Financing Receivable, Collectively Evaluated for Impairment | 155,627 | 155,627 | 169,971 | |||||
Construction Loans [Member] | ||||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||||
Total loans | 1,086 | 1,086 | 1,099 | |||||
Land loans [Member] | ||||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||||
Total loans | 230 | 230 | 259 | |||||
Commercial loans - Secured [Member] | ||||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||||
Total loans | 46,303 | 46,303 | 40,901 | |||||
Commercial loans - other [Member] | ||||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||||
Total loans | 118,809 | 118,809 | 102,616 | |||||
Consumer loans [Member] | ||||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||||
Total loans | 1,469 | 1,469 | 1,597 | |||||
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 | 13 | 13 | 18 | |||||
Loans and Leases Receivable, Allowance | 13 | 13 | 18 | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | 0 | |||||
Financing Receivable, Collectively Evaluated for Impairment | 1,469 | 1,469 | 1,597 | |||||
Construction And Land Loans [Member] | ||||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||||
Total loans | 1,316 | 1,316 | 1,358 | |||||
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 | 32 | 32 | 32 | |||||
Loans and Leases Receivable, Allowance | 32 | 32 | 32 | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | 0 | |||||
Financing Receivable, Collectively Evaluated for Impairment | 1,316 | 1,316 | 1,358 | |||||
Commercial Loan [Member] | ||||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||||
Total loans | 163,925 | 163,925 | 152,552 | |||||
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 | 1,444 | 1,444 | 1,357 | |||||
Loans and Leases Receivable, Allowance | 1,444 | 1,444 | 1,357 | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | 0 | |||||
Financing Receivable, Collectively Evaluated for Impairment | 163,925 | 163,925 | 152,552 | |||||
Finance Leases Financing Receivable [Member] | ||||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||||
Total loans | 316,555 | 316,555 | 310,076 | |||||
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 | 746 | 746 | 655 | |||||
Loans and Leases Receivable, Allowance | 746 | 746 | 655 | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | 0 | |||||
Financing Receivable, Collectively Evaluated for Impairment | 316,555 | 316,555 | 310,076 | |||||
One to Four Family Residential Real Estate Loans-Owner occupied [Member] [Member] | ||||||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||||||
Total loans | $ 66,982 | $ 66,982 | $ 76,606 |
Loans Receivable - Nonaccrual L
Loans Receivable - Nonaccrual Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Reserve For Uncollected Loan Interest | $ 50 | $ 103 |
Unpaid Principal Balance | 3,164 | 4,097 |
Recorded Investment | 1,636 | 2,390 |
Loans Past Due Over 90 Days, still accruing | 0 | 0 |
Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Unpaid Principal Balance | 6 | |
One-to-four family residential real estate loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Unpaid Principal Balance | 2,800 | 3,413 |
Recorded Investment | 1,491 | 1,918 |
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 | 262 | 308 |
Recorded Investment | 47 | 109 |
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 | 96 | 376 |
Recorded Investment | 92 | 363 |
Loans Past Due Over 90 Days, still accruing | 0 | $ 0 |
Consumer loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment | 6 | |
Loans Past Due Over 90 Days, still accruing | $ 0 |
Loans Receivable - Past Due Loa
Loans Receivable - Past Due Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | $ 2,508 | $ 4,451 |
Recorded Investment, Loans Not Past Due | 1,284,133 | 1,311,339 |
Recorded investment, total | 1,286,641 | 1,315,790 |
Commercial Leases Investment Rated [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 81 | 934 |
Recorded Investment, Loans Not Past Due | 198,882 | 207,747 |
Recorded investment, total | 198,963 | 208,681 |
Commercial Loans Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 288 |
Recorded Investment, Loans Not Past Due | 119,416 | 102,873 |
Recorded investment, total | 119,416 | 103,161 |
Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 56 | 0 |
Recorded Investment, Loans Not Past Due | 1,422 | 1,605 |
Recorded investment, total | 1,478 | 1,605 |
Commercial Loans Health Care [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Loans Not Past Due | 68,672 | 71,738 |
Recorded investment, total | 68,672 | 71,738 |
Commercial Loans Municipal [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Recorded Investment, Loans Not Past Due | 49,369 | 40,237 |
Recorded investment, total | 49,369 | 40,237 |
Commercial loans - unsecured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Commercial loans - Secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Recorded Investment, Loans Not Past Due | 46,281 | 40,935 |
Recorded investment, total | 46,281 | 40,935 |
Land Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Recorded Investment, Loans Not Past Due | 228 | 259 |
Recorded investment, total | 228 | 259 |
Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Recorded Investment, Loans Not Past Due | 1,090 | 1,103 |
Recorded investment, total | 1,090 | 1,103 |
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 608 |
Recorded Investment, Loans Not Past Due | 152,781 | 166,071 |
Recorded investment, total | 152,781 | 166,679 |
Wholesale Commercial Lending [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Recorded Investment, Loans Not Past Due | 296,921 | 296,440 |
Recorded investment, total | 296,921 | 296,440 |
Multi Family Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 536 |
Recorded Investment, Loans Not Past Due | 267,915 | 287,171 |
Recorded investment, total | 267,915 | 287,707 |
One To Four Family Residential Real Estate Loans Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 98 | 99 |
Recorded Investment, Loans Not Past Due | 16,831 | 20,944 |
Recorded investment, total | 16,929 | 21,043 |
One to Four Family Residential Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 2,273 | 1,986 |
Recorded Investment, Loans Not Past Due | 64,325 | 74,216 |
Recorded investment, total | 66,598 | 76,202 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 291 | 2,098 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Leases Investment Rated [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 81 | 934 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Loans Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 288 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 49 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Loans Municipal [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial loans - unsecured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial loans - Secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Land Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 608 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Wholesale Commercial Lending [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Multi Family Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 172 |
Financing Receivables, 30 to 59 Days Past Due [Member] | One To Four Family Residential Real Estate Loans Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 8 | 10 |
Financing Receivables, 30 to 59 Days Past Due [Member] | One to Four Family Residential Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 153 | 86 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 673 | 102 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Leases Investment Rated [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Loans Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 1 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Loans Health Care [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Loans Municipal [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial loans - unsecured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial loans - Secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Land Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Wholesale Commercial Lending [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Multi Family Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | One To Four Family Residential Real Estate Loans Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 43 | 3 |
Financing Receivables, 60 to 89 Days Past Due [Member] | One to Four Family Residential Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 629 | 99 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Leases Investment Rated [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 1,544 | 2,251 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Loans Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 6 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Loans Health Care [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Loans Municipal [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial loans - unsecured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial loans - Secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Land Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Wholesale Commercial Lending [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Multi Family Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 0 | 364 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | One To Four Family Residential Real Estate Loans Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | 47 | 86 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | One to Four Family Residential Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment, Total Past Due | $ 1,491 | $ 1,801 |
Loans Receivable - Troubled Deb
Loans Receivable - Troubled Debt Restructuring (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2018 | Dec. 31, 2017 | |
Financing Receivable, Modifications [Line Items] | ||
Outstanding Commitments To Borrowers Loans Classified As Troubled Debt Restructurings | $ 0 | $ 0 |
Troubled Debt Restructurings | ||
Financing receivable modifications | 17,000 | |
SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount | 0 | 0 |
One-to-four family residential real estate loans - non-owner occupied loans [Member] | Non Accrual Loans [Member] | ||
Troubled Debt Restructurings | ||
Financing receivable modifications | $ 17,000 | $ 17,000 |
Loans Receivable - Modified Tro
Loans Receivable - Modified Troubled Debt Restructuring (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Financing Receivable, Modifications [Line Items] | ||
Loans modified | $ 0 | $ 133 |
Loans Receivable - Credit Quali
Loans Receivable - Credit Quality Indicators (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | $ 2,508 | $ 4,451 |
Financing Receivable Credit Quality Indicators | ||
Total loans | 1,294,826 | 1,321,751 |
One-to-four family residential real estate loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 2,273 | 1,986 |
Financing Receivable Credit Quality Indicators | ||
Total loans | 84,048 | 97,814 |
One to Four Family Residential Real Estate Loans-Owner occupied [Member] [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 66,982 | 76,606 |
One-to-four family residential real estate loans - non-owner occupied loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 98 | 99 |
Financing Receivable Credit Quality Indicators | ||
Total loans | 17,066 | 21,208 |
Multi-family mortgage loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 536 |
Financing Receivable Credit Quality Indicators | ||
Total loans | 571,886 | 588,383 |
Multi Family Mortgage Loans without wholesale [Member] [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 271,224 | 291,358 |
Wholesale commercial lending [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivable Credit Quality Indicators | ||
Total loans | 300,662 | 297,025 |
Nonresidential Real Estate Loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 155,627 | 169,971 |
Construction loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivable Credit Quality Indicators | ||
Total loans | 1,086 | 1,099 |
Land loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivable Credit Quality Indicators | ||
Total loans | 230 | 259 |
Commercial loans - Secured [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivable Credit Quality Indicators | ||
Total loans | 46,303 | 40,901 |
Commercial Loans - Municipal loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivable Credit Quality Indicators | ||
Total loans | 48,998 | 39,923 |
Commercial Loans - Warehouse Lines [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | ||
Commercial Loans - Health Care [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 68,624 | 71,728 |
Commercial loans - other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 288 |
Financing Receivable Credit Quality Indicators | ||
Total loans | 118,809 | 102,616 |
Commercial Leases - Investment Rated [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 81 | 934 |
Financing Receivable Credit Quality Indicators | ||
Total loans | 197,746 | 207,460 |
Consumer loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 1,469 | 1,597 |
Nonaccrual [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 1,636 | 2,391 |
Nonaccrual [Member] | One-to-four family residential real estate loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 1,489 | 1,914 |
Nonaccrual [Member] | One-to-four family residential real estate loans - non-owner occupied loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 46 | 109 |
Nonaccrual [Member] | Multi-family mortgage loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 96 | 368 |
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 | 0 | 0 |
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 | 0 | 0 |
Nonaccrual [Member] | Commercial Loans - Municipal loans [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] | Consumer loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 5 | 0 |
Substandard [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 4,434 | 2,922 |
Substandard [Member] | One-to-four family residential real estate loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 257 | 255 |
Substandard [Member] | One-to-four family residential real estate loans - non-owner occupied loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 38 | 40 |
Substandard [Member] | Multi-family mortgage loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 218 | 225 |
Substandard [Member] | Wholesale commercial lending [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Substandard [Member] | Nonresidential Real Estate Loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 100 | 154 |
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 | 0 | 0 |
Substandard [Member] | Commercial loans - Secured [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Substandard [Member] | Commercial Loans - Municipal loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Substandard [Member] | Commercial Loans - Health Care [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 3,820 | 2,248 |
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] | Consumer loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 1 | 0 |
Pass [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 1,279,505 | 1,311,910 |
Pass [Member] | One-to-four family residential real estate loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 65,236 | 74,437 |
Pass [Member] | One-to-four family residential real estate loans - non-owner occupied loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 16,982 | 21,059 |
Pass [Member] | Multi-family mortgage loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 270,910 | 290,765 |
Pass [Member] | Wholesale commercial lending [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 300,662 | 297,025 |
Pass [Member] | Nonresidential Real Estate Loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 155,527 | 169,817 |
Pass [Member] | Construction loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 1,086 | 1,099 |
Pass [Member] | Land loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 230 | 259 |
Pass [Member] | Commercial loans - Secured [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 37,052 | 36,373 |
Pass [Member] | Commercial Loans - Municipal loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 48,998 | 39,923 |
Pass [Member] | Commercial Loans - Health Care [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 64,804 | 69,480 |
Pass [Member] | Commercial loans - other [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 118,809 | 102,616 |
Pass [Member] | Commercial Leases - Investment Rated [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 197,746 | 207,460 |
Pass [Member] | Consumer loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 1,463 | 1,597 |
Special Mention [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 9,251 | 4,528 |
Special Mention [Member] | One-to-four family residential real estate loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Special Mention [Member] | One-to-four family residential real estate loans - non-owner occupied loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Special Mention [Member] | Multi-family mortgage loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
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 | 0 | 0 |
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 | 9,251 | 4,528 |
Special Mention [Member] | Commercial Loans - Municipal loans [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] | Consumer loans [Member] | ||
Financing Receivable Credit Quality Indicators | ||
Total loans | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 291 | 2,098 |
Financing Receivables, 30 to 59 Days Past Due [Member] | One-to-four family residential real estate loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 153 | 86 |
Financing Receivables, 30 to 59 Days Past Due [Member] | One-to-four family residential real estate loans - non-owner occupied loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 8 | 10 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Multi-family mortgage loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 172 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Wholesale commercial lending [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Land loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial loans - Secured [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Loans - Municipal loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial loans - other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 288 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Leases - Investment Rated [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | $ 81 | $ 934 |
Loans Receivable - Narrative (D
Loans Receivable - Narrative (Details) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | |
Receivables [Abstract] | |||
Reserve For Uncollected Loan Interest | $ 50,000 | $ 103,000 | |
Financing receivable modifications | 17,000 | ||
Outstanding Commitments To Borrowers Loans Classified As Troubled Debt Restructurings | 0 | $ 0 | |
Loans modified | $ 0 | $ 133,000 |
Other Real Estate Owned (Detail
Other Real Estate Owned (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||||||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | |
Mortgage Loans in Process of Foreclosure, Amount | $ 1,200 | $ 1,200 | $ 1,500 | ||||||
Other Real Estate Owned At Carrying Value | 1,187 | $ 4,896 | 1,187 | $ 4,896 | $ 1,802 | 2,351 | $ 4,896 | $ 5,301 | $ 3,895 |
Real Estate Owned, Valuation Allowance, Amounts Applied | (278) | (156) | (287) | (215) | |||||
Real Estate Owned, Valuation Allowance, Valuation Increase | 1 | 54 | 26 | 74 | |||||
Real Estate Owned, Valuation Allowance | (44) | (308) | (44) | (308) | $ (321) | (305) | $ (308) | $ (410) | $ (449) |
Other Real Estate, Disposals | (890) | (351) | (1,976) | (861) | |||||
Other Real Estate, Valuation Adjustments | (1) | (54) | (26) | (74) | |||||
Other Real Estate, Additions | 276 | $ 0 | 838 | $ 1,936 | |||||
Other real estate owned at carrying value before valuation allowance | 1,231 | 1,231 | 2,656 | ||||||
Foreclosed Residential Real Estate [Member] | |||||||||
Real Estate Owned, Valuation Allowance | (352) | ||||||||
Multi Family Mortgage Loans [Member] | |||||||||
Other Real Estate Owned At Carrying Value | 276 | 276 | 0 | ||||||
Real Estate Owned, Valuation Allowance | 0 | 0 | 0 | ||||||
Other real estate owned at carrying value before valuation allowance | 276 | 276 | 0 | ||||||
One to Four Family Residential Real Estate Loans [Member] | |||||||||
Other Real Estate Owned At Carrying Value | 833 | 833 | 827 | ||||||
Real Estate Owned, Valuation Allowance | 0 | 0 | (9) | ||||||
Other real estate owned at carrying value before valuation allowance | 833 | 833 | 836 | ||||||
Nonresidential Real Estate [Member] | |||||||||
Other Real Estate Owned At Carrying Value | 74 | 74 | 1,520 | ||||||
Real Estate Owned, Valuation Allowance | 0 | 0 | (252) | ||||||
Other real estate owned at carrying value before valuation allowance | 74 | 74 | 1,772 | ||||||
Land [Member] | |||||||||
Other Real Estate Owned At Carrying Value | 4 | 4 | 4 | ||||||
Real Estate Owned, Valuation Allowance | (44) | (44) | (44) | ||||||
Other real estate owned at carrying value before valuation allowance | $ 48 | $ 48 | $ 48 |
Securities Sold Under Agreeme44
Securities Sold Under Agreements to Repurchase (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Federal Home Loan Bank, Advances [Line Items] | ||
Carrying Value of Federal Funds Purchased, Securities Sold under Agreements to Repurchase, and Deposits Received for Securities Loaned | $ 901 | $ 768 |
Federal Home Loan Bank Advances [Member] | Period One [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Debt, Long-term and Short-term, Combined Amount | 50,000 | 60,000 |
Collateral Pledged [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Available-for-sale Securities Pledged as Collateral | $ 3,200 | $ 3,700 |
Fair Value - Financial Assets A
Fair Value - Financial Assets Accounted for at Fair Value (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Dec. 31, 2017USD ($) | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Other Real Estate | $ 0 | $ 0 | $ 1,200 | ||
Schedule of Company's financial instruments measured at fair values | |||||
Total Fair value | 112,452 | 112,452 | 93,383 | ||
Real Estate Owned, Valuation Allowance, Valuation Increase | 1 | $ 54 | 26 | $ 74 | |
Certificates of deposit [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Total Fair value | 96,603 | 96,603 | 75,916 | ||
Equity Funds [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Total Fair value | 0 | 0 | 499 | ||
Residential Mortgage Backed Securities [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Total Fair value | 11,811 | 11,811 | 12,472 | ||
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value | 11,811 | 11,811 | |||
Collateralized Debt Obligations [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Total Fair value | 4,031 | 4,031 | 4,486 | ||
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value | 4,031 | 4,031 | |||
SBA-guaranteed loan participation certificates [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Total Fair value | 7 | 7 | 10 | ||
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value | 7 | 7 | |||
Nonrecurring [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Total Fair value | 112,452 | 112,452 | 93,383 | ||
Real Estate Acquired Through Foreclosure Fair Value | 916 | ||||
Nonrecurring [Member] | Certificates of deposit [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Total Fair value | 96,603 | 96,603 | 75,916 | ||
Nonrecurring [Member] | Equity mutual fund [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Total Fair value | 499 | ||||
Nonrecurring [Member] | Mortgage-backed securities - residential [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Total Fair value | 11,811 | 11,811 | 12,472 | ||
Nonrecurring [Member] | Collateralized mortgage obligations - residential [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Total Fair value | 4,031 | 4,031 | 4,486 | ||
Nonrecurring [Member] | SBA-guaranteed loan participation certificates [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Total Fair value | 7 | 7 | 10 | ||
Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Total Fair value | 0 | 0 | 499 | ||
Real Estate Acquired Through Foreclosure Fair Value | 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 | 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 | 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 | 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 | 0 | ||
Nonrecurring [Member] | Significant Observable Inputs (Level 2) [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Total Fair value | 112,452 | 112,452 | 92,884 | ||
Real Estate Acquired Through Foreclosure Fair Value | 0 | ||||
Nonrecurring [Member] | Significant Observable Inputs (Level 2) [Member] | Certificates of deposit [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Total Fair value | 96,603 | 96,603 | |||
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 | ||||
Nonrecurring [Member] | Significant Observable Inputs (Level 2) [Member] | Mortgage-backed securities - residential [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value | 11,811 | 11,811 | |||
Nonrecurring [Member] | Significant Observable Inputs (Level 2) [Member] | Collateralized mortgage obligations - residential [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value | 4,031 | 4,031 | |||
Nonrecurring [Member] | Significant Observable Inputs (Level 2) [Member] | SBA-guaranteed loan participation certificates [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value | 7 | 7 | |||
Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Total Fair value | 0 | 0 | 0 | ||
Real Estate Acquired Through Foreclosure Fair Value | 916 | ||||
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 | 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 | ||||
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 | 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 | 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 | 0 | ||
One to Four Family Residential Real Estate Loans [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Other Real Estate | 102 | ||||
One to Four Family Residential Real Estate Loans [Member] | Nonrecurring [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Real Estate Acquired Through Foreclosure Fair Value | 102 | ||||
One to Four Family Residential Real Estate 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 | ||||
One to Four Family Residential Real Estate 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 | ||||
Commercial Real Estate [Member] | Nonrecurring [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Real Estate Acquired Through Foreclosure Fair Value | 814 | ||||
Commercial Real Estate [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 | ||||
Commercial Real Estate [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 | ||||
Sales Comparison Valuation Technique [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Other Real Estate | $ 916 | ||||
Impaired Loans [Member] | Sales Comparison Valuation Technique [Member] | Commercial Real Estate [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Real estate owned, measurement input | 0.056 | ||||
Measurement Input, Comparability Adjustment [Member] | Nonresidential Real Estate [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Other Real Estate | $ 814 | ||||
Measurement Input, Comparability Adjustment [Member] | Maximum [Member] | Real Estate Properties [Domain] | Nonresidential Real Estate [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Real estate owned, measurement input | 0.1522 | ||||
Measurement Input, Comparability Adjustment [Member] | Weighted Average [Member] | Real Estate Properties [Domain] | Nonresidential Real Estate [Member] | |||||
Schedule of Company's financial instruments measured at fair values | |||||
Real estate owned, measurement input | 0.1100 |
Fair Value - Assets Measured at
Fair Value - Assets Measured at Fair Value on a Non-Recurring Basis (Details) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Dec. 31, 2017USD ($) | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Other Real Estate | $ 0 | $ 0 | $ 1,200,000 | ||
Real Estate Owned, Valuation Allowance, Component | 261,000 | ||||
Other Real Estate Owned Write Downs | $ 1,000 | $ 54,000 | $ 26,000 | $ 74,000 | |
One-to-four family residential real estate loans [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Other Real Estate | 102,000 | ||||
Nonrecurring [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value, Other real estate owned | 916,000 | ||||
Nonrecurring [Member] | One-to-four family residential real estate loans [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value, Other real estate owned | 102,000 | ||||
Nonrecurring [Member] | Nonresidential real estate loans [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value, Other real estate owned | 814,000 | ||||
Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value, Other real estate owned | 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 Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value, Other real estate owned | 0 | ||||
Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Nonresidential real estate loans [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value, Other real estate owned | 0 | ||||
Nonrecurring [Member] | Significant Observable Inputs (Level 2) [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value, Other real estate owned | 0 | ||||
Nonrecurring [Member] | Significant Observable Inputs (Level 2) [Member] | One-to-four family residential real estate loans [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value, Other real estate owned | 0 | ||||
Nonrecurring [Member] | Significant Observable Inputs (Level 2) [Member] | Nonresidential real estate loans [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value, Other real estate owned | 0 | ||||
Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Fair Value, Other real estate owned | 916,000 | ||||
Sales Comparison Valuation Technique [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Other Real Estate | $ 916,000 | ||||
Impaired Loans [Member] | Sales Comparison Valuation Technique [Member] | Nonresidential real estate loans [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Real estate owned, measurement input | 0.056 | ||||
Measurement Input, Comparability Adjustment [Member] | Nonresidential Real Estate [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Other Real Estate | $ 814,000 | ||||
Measurement Input, Comparability Adjustment [Member] | Maximum [Member] | Real Estate Properties [Domain] | Nonresidential Real Estate [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Real estate owned, measurement input | 0.1522 | ||||
Measurement Input, Comparability Adjustment [Member] | Minimum [Member] | Real Estate Properties [Domain] | Nonresidential Real Estate [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Real estate owned, measurement input | (0.0366) | ||||
Measurement Input, Comparability Adjustment [Member] | Weighted Average [Member] | Real Estate Properties [Domain] | Nonresidential Real Estate [Member] | |||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||||
Real estate owned, measurement input | 0.1100 |
Fair Value - Carrying Amount an
Fair Value - Carrying Amount and Estimated Fair Value of Finanical Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Cash and Cash Equivalents, at Carrying Value | $ 92,195 | $ 127,592 | $ 81,606 | $ 96,684 |
Financial assets | ||||
Securities, carrying amount | 112,452 | 93,383 | ||
Loans receivable, net of allowance for loan losses, carrying amounts | 1,287,823 | 1,314,651 | ||
FHLBC stock, carrying amount | 8,311 | 8,290 | ||
Accrued interest receivable, carrying amount | 4,705 | 4,619 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | ||||
Financial assets | ||||
Securities, carrying amount | 112,452 | 93,383 | ||
Loans Receivable, Fair Value Disclosure | 1,287,031 | 1,323,139 | ||
Accounts Receivable, Fair Value Disclosure | 4,705 | 4,619 | ||
Financial liabilities | ||||
Cash and Cash Equivalents, Fair Value Disclosure | 92,195 | 127,592 | ||
Demand Deposit Accounts Fair Value Disclosure | 229,717 | 234,354 | ||
Deposits Savings Deposits Fair Value Disclosure | 158,731 | 160,501 | ||
Now Money Market Accounts | 589,238 | |||
Now Money Market Accounts Fair Value Disclosure | 563,096 | |||
Certificates Of Deposit Fair Value Disclosure | 341,648 | 353,969 | ||
Short Term Borrowings Fair Value Disclosure | 50,828 | 60,627 | ||
Accrued Liabilities, Fair Value Disclosure | 226 | 147 | ||
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 | 11,738 | 13,572 | ||
Demand Deposit Accounts Fair Value Disclosure | 0 | |||
Deposits Savings Deposits 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 | ||||
Securities, carrying amount | 112,452 | 92,884 | ||
Loans Receivable, Fair Value Disclosure | 0 | 1,323,139 | ||
Accounts Receivable, Fair Value Disclosure | 4,705 | 4,619 | ||
Financial liabilities | ||||
Cash and Cash Equivalents, Fair Value Disclosure | 80,457 | 114,020 | ||
Demand Deposit Accounts Fair Value Disclosure | 229,717 | 234,354 | ||
Deposits Savings Deposits Fair Value Disclosure | 158,731 | 160,501 | ||
Now Money Market Accounts | 589,238 | |||
Now Money Market Accounts Fair Value Disclosure | 563,096 | |||
Certificates of Deposit, at Carrying Value | 341,648 | |||
Certificates Of Deposit Fair Value Disclosure | 353,969 | |||
Short-term Debt | 50,828 | 60,627 | ||
Accrued Liabilities, Fair Value Disclosure | 226 | 147 | ||
Estimate of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Financial assets | ||||
Loans Receivable, Fair Value Disclosure | 1,287,031 | 0 | ||
Reported Value Measurement [Member] | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Cash and Cash Equivalents, at Carrying Value | 92,195 | 127,592 | ||
Financial assets | ||||
Securities, carrying amount | 112,452 | 93,383 | ||
Loans receivable, net of allowance for loan losses, carrying amounts | 1,287,823 | 1,314,651 | ||
FHLBC stock, carrying amount | 8,311 | 8,290 | ||
Accrued interest receivable, carrying amount | 4,705 | 4,619 | ||
Financial liabilities | ||||
Demand Deposit Accounts | 229,717 | 234,354 | ||
Deposits, Savings Deposits | 158,731 | 160,501 | ||
Now Money Market Accounts | 589,238 | |||
Now Money Market Accounts Fair Value Disclosure | 563,096 | |||
Certificates of Deposit, at Carrying Value | 344,309 | 355,958 | ||
Short-term Debt | 50,901 | 60,768 | ||
Accrued Interest Payable | 226 | 147 | ||
Equity Funds [Member] | ||||
Financial assets | ||||
Securities, carrying amount | $ 0 | $ 499 |
Revenue From Contracts With C48
Revenue From Contracts With Customers (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Revenue from External Customer [Line Items] | ||||
Income from product and service | $ 989 | $ 996 | $ 1,967 | $ 1,946 |
Loan fee income | 90 | 63 | 160 | 123 |
Commercial mortgage brokerage fees | 85 | 0 | 126 | 0 |
Gain (Loss) on Sales of Loans, Net | 0 | 60 | ||
Loss on sales of equity securities | (14) | 0 | (14) | 0 |
Residential mortgage banking fees | 24 | 87 | 54 | 131 |
Loss on sale of equity securities | (14) | 0 | ||
Loss on sales of equity securities | 0 | |||
Gain on sale of premises held-for-sale | 93 | 0 | 93 | 0 |
Trust and insurance commissions and annuities income | 250 | 245 | 463 | 494 |
Earnings on bank-owned life insurance | 45 | 66 | 111 | 129 |
Bank-owned life insurance death benefit | 1,389 | 0 | 1,389 | 0 |
Other | 143 | 150 | 284 | 328 |
Total noninterest income | 3,094 | 1,607 | 4,633 | 3,151 |
Credit and Debit Card | ||||
Revenue from External Customer [Line Items] | ||||
Income from product and service | $ 394 | $ 353 | $ 755 | $ 703 |
Uncategorized Items - bfin-2018
Label | Element | Value |
Retained Earnings [Member] | ||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | us-gaap_ProfitLoss | $ 2,572,000 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | us-gaap_ProfitLoss | $ 4,630,000 |