Loans Receivable | Loans Receivable Loans receivable consist of the following at the dates indicated: December 31, 2018 December 31, 2017 June 30, 2017 (In thousands) Real Estate: One- to four-family $ 336,178 $ 355,391 $ 328,243 Multi-family 82,331 73,767 58,101 Commercial real estate 253,235 202,956 202,038 Construction and land 54,102 71,145 71,630 Total real estate loans 725,846 703,259 660,012 Consumer: Home equity 37,629 38,473 35,869 Auto and other consumer 87,357 28,106 21,043 Total consumer loans 124,986 66,579 56,912 Commercial business loans 18,898 16,303 17,073 Total loans 869,730 786,141 733,997 Less: Net deferred loan fees 292 724 904 Premium on purchased loans, net (3,947 ) (2,454 ) (2,216 ) Allowance for loan losses 9,533 8,760 8,523 Total loans receivable, net $ 863,852 $ 779,111 $ 726,786 Loans, by the earlier of next repricing date or maturity, at the dates indicated: December 31, 2018 December 31, 2017 June 30, 2017 (In thousands) Adjustable-rate loans Due within one year $ 84,284 $ 78,675 $ 109,039 After one but within five years 263,118 221,664 213,265 After five but within ten years 59,922 114,880 90,873 After ten years 5,202 1,223 5,299 412,526 416,442 418,476 Fixed-rate loans Due within one year 1,698 9,475 7,632 After one but within five years 83,407 37,838 34,436 After five but within ten years 120,094 87,786 58,360 After ten years 252,005 234,600 215,093 457,204 369,699 315,521 $ 869,730 $ 786,141 $ 733,997 The adjustable-rate loans have interest rate adjustment limitations and are generally indexed to multiple indices. Future market factors may affect the correlation of adjustable loan interest rates with the rates First Federal pays on the short-term deposits that have been primarily used to fund such loans. The following tables summarize changes in the ALLL and the loan portfolio by segment and impairment method at or for the periods shown: At or For the Year Ended December 31, 2018 One-to- Multi- Commercial Construction Home Auto and Commercial Unallocated Total (In thousands) ALLL: Beginning balance $ 3,061 $ 648 $ 1,847 $ 648 $ 787 $ 712 $ 265 $ 792 $ 8,760 Provision for loan losses 249 114 442 (65 ) (332 ) 1,315 68 (617 ) 1,174 Charge-offs (18 ) — — — — (638 ) — — (656 ) Recoveries 5 — — 2 25 222 1 — 255 Ending balance $ 3,297 $ 762 $ 2,289 $ 585 $ 480 $ 1,611 $ 334 $ 175 $ 9,533 At December 31, 2018 One-to- Multi- Commercial Construction Home Auto and Commercial Unallocated Total (In thousands) Total ALLL $ 3,297 $ 762 $ 2,289 $ 585 $ 480 $ 1,611 $ 334 $ 175 $ 9,533 General reserve 3,262 761 2,281 584 474 1,552 168 175 9,257 Specific reserve 35 1 8 1 6 59 166 — 276 Total loans $ 336,178 $ 82,331 $ 253,235 $ 54,102 $ 37,629 $ 87,357 $ 18,898 $ — $ 869,730 General reserves (1) 333,062 82,221 251,263 54,058 37,002 87,113 18,453 — 863,172 Specific reserves (2) 3,116 110 1,972 44 627 244 445 — 6,558 (1) Loans collectively evaluated for general reserves. (2) Loans individually evaluated for specific reserves. At or For the Year Ended December 31, 2017 One-to- Multi- Commercial Construction Home Auto and Commercial Unallocated Total (In thousands) ALLL: Beginning balance $ 3,071 $ 511 $ 1,735 $ 683 $ 818 $ 523 $ 1,168 $ 14 $ 8,523 Provision for loan losses (112 ) 137 112 (36 ) (6 ) 231 (904 ) 778 200 Charge-offs — — — — (47 ) (159 ) — — (206 ) Recoveries 102 — — 1 22 117 1 — 243 Ending balance $ 3,061 $ 648 $ 1,847 $ 648 $ 787 $ 712 $ 265 $ 792 $ 8,760 At December 31, 2017 One-to- Multi- Commercial Construction Home Auto and Commercial Unallocated Total (In thousands) Total ALLL $ 3,061 $ 648 $ 1,847 $ 648 $ 787 $ 712 $ 265 $ 792 $ 8,760 General reserve 3,014 647 1,719 647 779 703 262 792 8,563 Specific reserve 47 1 128 1 8 9 3 — 197 Total loans $ 355,391 $ 73,767 $ 202,956 $ 71,145 $ 38,473 $ 28,106 $ 16,303 $ — $ 786,141 General reserves (1) 351,545 73,652 201,885 71,093 37,838 28,047 16,020 — 780,080 Specific reserves (2) 3,846 115 1,071 52 635 59 283 — 6,061 (1) Loans collectively evaluated for general reserves. (2) Loans individually evaluated for specific reserves. At or For the Year Ended June 30, 2017 One-to- Multi- Commercial Construction Home Auto and Commercial Unallocated Total (In thousands) ALLL: Beginning balance $ 2,992 $ 341 $ 1,268 $ 599 $ 833 $ 310 $ 335 $ 561 $ 7,239 Provision for loan losses (34 ) 170 467 82 (90 ) 376 836 (547 ) 1,260 Charge-offs — — — — (81 ) (252 ) (5 ) — (338 ) Recoveries 113 — — 2 156 89 2 — 362 Ending balance $ 3,071 $ 511 $ 1,735 $ 683 $ 818 $ 523 $ 1,168 $ 14 $ 8,523 At June 30, 2017 One-to- Multi- Commercial Construction Home Auto and Commercial Unallocated Total (In thousands) Total ALLL $ 3,071 $ 511 $ 1,735 $ 683 $ 818 $ 523 $ 1,168 $ 14 $ 8,523 General reserve 2,988 510 1,718 682 797 501 961 14 8,171 Specific reserve 83 1 17 1 21 22 207 — 352 Total loans $ 328,243 $ 58,101 $ 202,038 $ 71,630 $ 35,869 $ 21,043 $ 17,073 $ — $ 733,997 General reserves (1) 323,592 57,983 200,467 71,602 35,160 21,021 16,784 — 726,609 Specific reserves (2) 4,651 118 1,571 28 709 22 289 — 7,388 (1) Loans collectively evaluated for general reserves. (2) Loans individually evaluated for specific reserves. At or For the Year Ended June 30, 2016 One-to- Multi- Commercial Construction Home Auto and Commercial Unallocated Total (In thousands) ALLL: Beginning balance $ 3,143 $ 251 $ 998 $ 336 $ 1,052 $ 321 $ 251 $ 759 $ 7,111 Provision for loan losses (140 ) 90 288 247 (205 ) 102 49 (198 ) 233 Charge-offs (75 ) — (18 ) (17 ) (77 ) (172 ) (7 ) — (366 ) Recoveries 64 — — 33 63 59 42 — 261 Ending balance $ 2,992 $ 341 $ 1,268 $ 599 $ 833 $ 310 $ 335 $ 561 $ 7,239 The following table presents a summary of loans individually evaluated for impairment by portfolio segment including the average recorded investment in and interest income recognized on impaired loans at or for the periods shown: Year Ended December 31, 2018 December 31, 2018 Recorded Unpaid Balance Related Allowance Average Recorded Investment Interest (In thousands) With no allowance recorded: One- to four-family $ 306 $ 339 $ — $ 381 $ 15 Multi-family — — — — — Commercial real estate 1,308 1,374 — 1,942 47 Construction and land — 1 — 1,243 — Home equity 330 478 — 349 12 Other consumer — 276 — — 14 Commercial business — 3 — — — Total 1,944 2,471 — 3,915 88 With an allowance recorded: One- to four-family 2,810 3,085 35 3,016 181 Multi-family 110 110 1 113 6 Commercial real estate 664 663 8 738 35 Construction and land 44 71 1 66 5 Home equity 297 364 6 275 22 Other consumer 244 244 59 126 8 Commercial business 445 445 166 777 64 Total 4,614 4,982 276 5,111 321 Total impaired loans: One- to four-family 3,116 3,424 35 3,397 196 Multi-family 110 110 1 113 6 Commercial real estate 1,972 2,037 8 2,680 82 Construction and land 44 72 1 1,309 5 Home equity 627 842 6 624 34 Other consumer 244 520 59 126 22 Commercial business 445 448 166 777 64 Total $ 6,558 $ 7,453 $ 276 $ 9,026 $ 409 The following table presents a summary of loans individually evaluated for impairment by portfolio segment including the average recorded investment in and interest income recognized on impaired loans at or for the periods shown: Six Months Ended December 31, 2017 December 31, 2017 Recorded Unpaid Balance Related Allowance Average Recorded Investment Interest (In thousands) With no allowance recorded: One- to four-family $ 382 $ 407 $ — $ 723 $ 7 Multi-family — — — — — Commercial real estate 256 378 — 292 — Construction and land — 3 — — — Home equity 365 515 — 375 5 Other consumer — 124 — — 3 Commercial business — 4 — — — Total 1,003 1,431 — 1,390 15 With an allowance recorded: One- to four-family 3,464 3,718 47 3,591 112 Multi-family 115 115 1 116 3 Commercial real estate 815 821 128 1,015 16 Construction and land 52 76 1 40 3 Home equity 270 338 8 291 11 Other consumer 59 67 9 36 1 Commercial business 283 283 3 286 7 Total 5,058 5,418 197 5,375 153 Total impaired loans: One- to four-family 3,846 4,125 47 4,314 119 Multi-family 115 115 1 116 3 Commercial real estate 1,071 1,199 128 1,307 16 Construction and land 52 79 1 40 3 Home equity 635 853 8 666 16 Other consumer 59 191 9 36 4 Commercial business 283 287 3 286 7 Total $ 6,061 $ 6,849 $ 197 $ 6,765 $ 168 The following table presents a summary of loans individually evaluated for impairment by portfolio segment including the average recorded investment in and interest income recognized on impaired loans at or for the periods shown: Year Ended June 30, 2017 June 30, 2017 Recorded Unpaid Balance Related Allowance Average Recorded Investment Interest (In thousands) With no allowance recorded: One- to four-family $ 646 $ 845 $ — $ 1,623 $ 12 Multi-family — — — — — Commercial real estate 297 406 — 383 — Construction and land — — — — — Home equity 379 410 — 232 6 Other consumer — 124 — — 4 Commercial business — — — — — Total 1,322 1,785 — 2,238 22 With an allowance recorded: One- to four-family 4,005 4,295 83 3,897 213 Multi-family 118 118 1 120 6 Commercial real estate 1,274 1,278 17 1,229 68 Construction and land 28 52 1 39 2 Home equity 330 398 21 353 23 Other consumer 22 50 22 53 — Commercial business 289 289 207 338 15 Total 6,066 6,480 352 6,029 327 Total impaired loans: One- to four-family 4,651 5,140 83 5,520 225 Multi-family 118 118 1 120 6 Commercial real estate 1,571 1,684 17 1,612 68 Construction and land 28 52 1 39 2 Home equity 709 808 21 585 29 Other consumer 22 174 22 53 4 Commercial business 289 289 207 338 15 Total $ 7,388 $ 8,265 $ 352 $ 8,267 $ 349 The following table presents the average recorded investment in loans individually evaluated for impairment and the related interest income recognized for the period shown: Year Ended June 30, 2016 Average Recorded Investment Interest (In thousands) With no allowance recorded: One- to four-family $ 2,178 $ 69 Multi-family 284 — Commercial real estate 325 12 Construction and land 14 — Home equity 186 7 Other consumer 3 3 Commercial business 19 — Total 3,009 91 With an allowance recorded: One- to four-family 3,928 200 Multi-family 166 6 Commercial real estate 1,098 69 Construction and land 141 9 Home equity 503 31 Other consumer 149 9 Commercial business 367 22 Total 6,352 346 Total impaired loans: One- to four-family 6,106 269 Multi-family 450 6 Commercial real estate 1,423 81 Construction and land 155 9 Home equity 689 38 Other consumer 152 12 Commercial business 386 22 Total $ 9,361 $ 437 Interest income recognized on a cash basis on impaired loans for the year ended December 31, 2018 , the six months ended December 31, 2017 , and the years ended June 30, 2017 and 2016 was $371,000 $135,000 , $313,000 , and $376,000 , respectively. The following table presents the recorded investment in nonaccrual loans by class of loan at the dates indicated: December 31, 2018 December 31, 2017 June 30, 2017 (In thousands) One- to four-family $ 759 $ 681 $ 1,042 Commercial real estate 133 378 426 Construction and land 44 52 28 Home equity 369 365 398 Other consumer 245 59 21 Commercial business loans 173 — — Total nonaccrual loans $ 1,723 $ 1,535 $ 1,915 Past due loans - There were no loans past due 90 days or more and still accruing interest at December 31, 2018 , December 31, 2017 , and June 30, 2017 . The following table presents the recorded investment of past due loans, by class, as of December 31, 2018 : 30-59 Past Due 60-89 Past Due 90 Days Past Due Total Past Due Current Total Loans (In thousands) Real Estate: One- to four-family $ 289 $ 176 $ 164 $ 629 $ 335,549 $ 336,178 Multi-family — — — — 82,331 82,331 Commercial real estate — — — — 253,235 253,235 Construction and land 35 14 31 80 54,022 54,102 Total real estate loans 324 190 195 709 725,137 725,846 Consumer: Home equity 97 30 9 136 37,493 37,629 Other consumer 471 92 — 563 86,794 87,357 Total consumer loans 568 122 9 699 124,287 124,986 Commercial business loans 923 — — 923 17,975 18,898 Total loans $ 1,815 $ 312 $ 204 $ 2,331 $ 867,399 $ 869,730 The following table presents the recorded investment of past due loans, by class, as of December 31, 2017 : 30-59 Past Due 60-89 Past Due 90 Days Past Due Total Past Due Current Total Loans (In thousands) Real Estate: One- to four-family $ 213 $ — $ 231 $ 444 $ 354,947 $ 355,391 Multi-family — — — — 73,767 73,767 Commercial real estate 91 — — 91 202,865 202,956 Construction and land 1,187 — 19 1,206 69,939 71,145 Total real estate loans 1,491 — 250 1,741 701,518 703,259 Consumer: Home equity 383 78 — 461 38,012 38,473 Other consumer 77 30 — 107 27,999 28,106 Total consumer loans 460 108 — 568 66,011 66,579 Commercial business loans 648 — — 648 15,655 16,303 Total loans $ 2,599 $ 108 $ 250 $ 2,957 $ 783,184 $ 786,141 The following table presents the recorded investment of past due loans, by class, as of June 30, 2017 : 30-59 Past Due 60-89 Past Due 90 Days Past Due Total Past Due Current Total Loans (In thousands) Real Estate: One- to four-family $ — $ 206 $ — $ 206 $ 328,037 $ 328,243 Multi-family — — — — 58,101 58,101 Commercial real estate — — — — 202,038 202,038 Construction and land — 34 20 54 71,576 71,630 Total real estate loans — 240 20 260 659,752 660,012 Consumer: Home equity 21 294 10 325 35,544 35,869 Other consumer 28 73 — 101 20,942 21,043 Total consumer loans 49 367 10 426 56,486 56,912 Commercial business loans — — — — 17,073 17,073 Total loans $ 49 $ 607 $ 30 $ 686 $ 733,311 $ 733,997 Credit quality indicator - Federal regulations provide for the classification of lower quality loans and other assets, such as debt and equity securities, as substandard, doubtful, or loss; risk ratings 6, 7, and 8 in our 8-point risk rating system, respectively. An asset is considered substandard if it is inadequately protected by the current net worth and pay capacity of the borrower or of any collateral pledged. Substandard assets include those characterized by the distinct possibility that First Federal will sustain some loss if the deficiencies are not corrected. Assets classified as doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses present make collection or liquidation in full highly questionable and improbable, on the basis of currently existing facts, conditions, and values. Assets classified as loss are those considered uncollectible and of such little value that their continuance as assets without the establishment of a specific loss reserve is not warranted. When First Federal classifies problem assets as either substandard or doubtful, it may establish a specific allowance to address the risk specifically or First Federal may allow the loss to be addressed in the general allowance. General allowances represent loss allowances that have been established to recognize the inherent risk associated with lending activities but that, unlike specific allowances, have not been specifically allocated to particular problem assets. When an insured institution classifies problem assets as a loss, it is required to charge off such assets in the period in which they are deemed uncollectible. Assets that do not currently expose First Federal to sufficient risk to warrant classification as substandard or doubtful but possess identified weaknesses are designated as either watch or special mention assets; risk ratings 4 and 5 in our risk rating system, respectively. Loans not otherwise classified are considered pass graded loans and are rated 1-3 in our risk rating system. Additionally, First Federal categorizes loans as performing or nonperforming based on payment activity. Loans that are more than 90 days past due and nonaccrual loans are considered nonperforming. The following table represents the internally assigned grade as of December 31, 2018 , by class of loans: Pass Watch Special Mention Sub- Standard Total (In thousands) Real Estate: One- to four-family $ 330,476 $ 3,767 $ 957 $ 978 $ 336,178 Multi-family 82,221 — 110 — 82,331 Commercial real estate 244,919 6,281 663 1,372 253,235 Construction and land 51,480 2,578 — 44 54,102 Total real estate loans 709,096 12,626 1,730 2,394 725,846 Consumer: Home equity 36,559 465 123 482 37,629 Other consumer 85,579 1,310 151 317 87,357 Total consumer loans 122,138 1,775 274 799 124,986 Commercial business loans 16,520 1,733 472 173 18,898 Total loans $ 847,754 $ 16,134 $ 2,476 $ 3,366 $ 869,730 The following table represents the internally assigned grade as of December 31, 2017 , by class of loans: Pass Watch Special Mention Sub- Standard Total (In thousands) Real Estate: One- to four-family $ 348,273 $ 4,134 $ 1,580 $ 1,404 $ 355,391 Multi-family 71,535 2,117 115 — 73,767 Commercial real estate 188,251 9,893 964 3,848 202,956 Construction and land 59,360 8,040 3,662 83 71,145 Total real estate loans 667,419 24,184 6,321 5,335 703,259 Consumer: Home equity 37,502 323 93 555 38,473 Other consumer 27,646 202 146 112 28,106 Total consumer loans 65,148 525 239 667 66,579 Commercial business loans 14,230 653 772 648 16,303 Total loans $ 746,797 $ 25,362 $ 7,332 $ 6,650 $ 786,141 The following table represents the internally assigned grade as of June 30, 2017 , by class of loans: Pass Watch Special Mention Sub- Standard Total (In thousands) Real Estate: One- to four-family $ 321,596 $ 3,680 $ 1,153 $ 1,814 $ 328,243 Multi-family 56,103 1,880 118 — 58,101 Commercial real estate 188,956 10,243 2,232 607 202,038 Construction and land 65,175 2,197 4,161 97 71,630 Total real estate loans 631,830 18,000 7,664 2,518 660,012 Consumer: Home equity 34,913 215 57 684 35,869 Other consumer 20,676 159 173 35 21,043 Total consumer loans 55,589 374 230 719 56,912 Commercial business loans 14,143 1,464 1,451 15 17,073 Total loans $ 701,562 $ 19,838 $ 9,345 $ 3,252 $ 733,997 The following table represents the credit risk profile based on payment activity as of December 31, 2018 , by class of loans: Nonperforming Performing Total (In thousands) Real Estate: One- to four-family $ 759 $ 335,419 $ 336,178 Multi-family — 82,331 82,331 Commercial real estate 133 253,102 253,235 Construction and land 44 54,058 54,102 Consumer: Home equity 369 37,260 37,629 Auto and other consumer 245 87,112 87,357 Commercial business loans 173 18,725 18,898 Total loans $ 1,723 $ 868,007 $ 869,730 The following table represents the credit risk profile based on payment activity as of December 31, 2017 , by class of loans: Nonperforming Performing Total (In thousands) Real Estate: One- to four-family $ 681 $ 354,710 $ 355,391 Multi-family — 73,767 73,767 Commercial real estate 378 202,578 202,956 Construction and land 52 71,093 71,145 Consumer: Home equity 365 38,108 38,473 Other consumer 59 28,047 28,106 Commercial business loans — 16,303 16,303 Total loans $ 1,535 $ 784,606 $ 786,141 The following table represents the credit risk profile based on payment activity as of June 30, 2017 , by class of loans: Nonperforming Performing Total (In thousands) Real Estate: One- to four-family $ 1,042 $ 327,201 $ 328,243 Multi-family — 58,101 58,101 Commercial real estate 426 201,612 202,038 Construction and land 28 71,602 71,630 Consumer: Home equity 398 35,471 35,869 Other consumer 21 21,022 21,043 Commercial business loans — 17,073 17,073 Total loans $ 1,915 $ 732,082 $ 733,997 The following is a summary of information pertaining to TDR loans included in impaired loans at the dates indicated: December 31, 2018 December 31, 2017 June 30, 2017 (In thousands) Total TDR loans $ 3,745 $ 4,919 $ 6,145 Allowance for loan losses related to TDR loans 43 182 315 Total nonaccrual TDR loans 84 393 673 The following table presents newly restructured and renewals or modifications of existing TDR loans by class that occurred during the year ended December 31, 2018 , by type of concession granted: Number of Contracts Rate Modification Term Modification Combination Total Modifications (Dollars in thousands) Pre-modification outstanding recorded investment One- to four-family 3 $ — $ — $ 229 $ 229 3 $ — $ — $ 229 $ 229 Post-modification outstanding recorded investment One- to four-family 3 $ — $ — $ 228 $ 228 3 $ — $ — $ 228 $ 228 The following is a summary of TDR loans which incurred a payment default within 12 months of the restructure date during the year ended December 31, 2018 . Number of Contracts Rate Modification Term Modification Combination Total Modifications (Dollars in thousands) TDR loans that subsequently defaulted One- to four-family 2 $ — $ — $ 140 $ 140 The following table presents newly restructured and renewals or modifications of existing TDR loans by class that occurred during the six months ended December 31, 2017 , by type of concession granted: Number of Contracts Rate Modification Term Modification Combination Total Modifications (Dollars in thousands) Pre-modification outstanding recorded investment One- to four-family 1 $ — $ — $ 146 $ 146 1 $ — $ — $ 146 $ 146 Post-modification outstanding recorded investment One- to four-family 1 $ — $ — $ 131 $ 131 1 $ — $ — $ 131 $ 131 The following is a summary of TDR loans which incurred a payment default within 12 months of the restructure date during the six months ended December 31, 2017 . Number of Contracts Rate Modification Term Modification Combination Total Modifications (Dollars in thousands) TDR loans that subsequently defaulted One- to four-family 1 $ — $ 86 $ — $ 86 The following table presents newly restructured and renewals or modifications of existing TDR loans by class that occurred during the year ended June 30, 2017 , by type of concession granted: Number of Contracts Rate Modification Term Modification Combination Total Modifications (Dollars in thousands) Pre-modification outstanding recorded investment One- to four-family 3 $ 95 $ 89 $ 244 $ 428 Commercial real estate 1 — — 134 134 3 $ 95 $ 89 $ 378 $ 562 Post-modification outstanding recorded investment One- to four-family 3 $ 92 $ 87 $ 236 $ 415 Commercial real estate 1 — — 129 129 4 $ 92 $ 87 $ 365 $ 544 The following is a summary of TDR loans which incurred a payment default within 12 months of the restructure date during the year ended June 30, 2017 . Number of Contracts Rate Modification Term Modification Combination Total Modifications (Dollars in thousands) TDR loans that subsequently defaulted One- to four-family 1 $ — $ — $ 50 $ 50 The following table presents newly restructured and renewals or modifications of existing TDR loans by class that occurred during the year ended June 30, 2016, by type of concession granted: Number of Contracts Rate Modification Term Modification Combination Total Modifications (Dollars in thousands) Pre-modification outstanding recorded investment One- to four-family 6 $ 19 $ — $ 481 $ 500 6 $ 19 $ — $ 481 $ 500 Post-modification outstanding recorded investment One- to four-family 4 $ 18 $ — $ 484 $ 502 4 $ 18 $ — $ 484 $ 502 The following is a summary of TDR loans which incurred a payment default within 12 months of the restructure date during the year ended June 30, 2016. Number of Contracts Rate Modification Term Modification Combination Total Modifications (Dollars in thousands) TDR loans that subsequently defaulted One- to four-family 1 $ — $ — $ 86 $ 86 No additional funds are committed to be advanced in connection with TDR loans at December 31, 2018 . The following table presents TDR loans by class at the dates indicated by accrual and nonaccrual status. December 31, 2018 December 31, 2017 Accrual Nonaccrual Total Accrual Nonaccrual Total (In thousands) One- to four-family $ 2,358 $ 84 $ 2,442 $ 3,165 $ 176 $ 3,341 Multi-family 110 — 110 115 — 115 Commercial real estate 663 — 663 693 217 910 Home equity 258 — 258 270 — 270 Commercial business loans 272 — 272 283 — 283 Total TDR loans $ 3,661 $ 84 $ 3,745 $ 4,526 $ 393 $ 4,919 June 30, 2017 Accrual Nonaccrual Total One- to four-family $ 3,608 $ 421 $ 4,029 Multi-family 118 — 118 Commercial real estate 1,145 252 1,397 Home equity 312 — 312 Commercial business loans 289 — 289 Total TDR loans $ 5,472 $ 673 $ 6,145 TDR loans may be upgraded in their classification and placed on accrual status once there is a sustained period of repayment performance, usually six months or longer, and there is a reasonable assurance that repayment will continue. First Federal allows reclassification of a troubled debt restructuring back into the general loan pool (as a non-troubled debt restructuring) if the borrower is able to refinance the loan at then-current market rates and meet all of the underwriting criteria of First Federal required of other borrowers. The refinance must be based on the borrower’s ability to repay the debt and no special concessions of rate and/or term are granted to the borrower. |