| Schedule of Accounts, Notes, Loans and Financing Receivable |
Loans receivable at December 31, 2016, and 2015 are summarized as follows: | | | | | | | | | | December 31, | | 2016 | | 2015 | | (In thousands) | One-to-four family residential: | | | | Permanent owner occupied | $ | 137,834 |
| | $ | 147,229 |
| Permanent non-owner occupied | 111,601 |
| | 106,543 |
| | 249,435 |
| | 253,772 |
| Multifamily: | |
| | |
| Permanent | 123,250 |
| | 122,747 |
| | 123,250 |
| | 122,747 |
| Commercial real estate: | |
| | |
| Permanent | 303,694 |
| | 244,211 |
| | 303,694 |
| | 244,211 |
| Construction/land: (1) | |
| | |
| One-to-four family residential | 67,842 |
| | 52,233 |
| Multifamily | 111,051 |
| | 46,666 |
| Land | 30,055 |
| | 17,058 |
| | 208,948 |
| | 115,957 |
| | | | | Business | 7,938 |
| | 7,604 |
| Consumer | 6,922 |
| | 6,979 |
| Total loans | 900,187 |
| | 751,270 |
| Less: | |
| | |
| Loans in process (“LIP”) | 72,026 |
| | 53,854 |
| Deferred loan fees, net | 2,167 |
| | 2,881 |
| ALLL | 10,951 |
| | 9,463 |
| Loans receivable, net | $ | 815,043 |
| | $ | 685,072 |
|
___________ | | (1) | We previously excluded from the construction/land category “rollover” loans, which are loans that will convert upon completion of the construction period to permanent loans. These loans were classified according to the underlying collateral categories instead of being included in the construction/land category. In addition, we previously classified raw land or buildable lots, where the Company does not intend to finance the construction, as commercial real estate land loans and have now included these loans in the construction/land category. At December 31, 2016, we reclassified $62.9 million of multifamily loans, $26.9 million of commercial land loans and $2.6 million of one-to-four family residential as construction/land loans to facilitate the review of the composition of our loan portfolio. At December 31, 2015, $21.1 million of multifamily loans, $8.3 million of commercial land loans and no one-to-four family residential loans were reclassified to the construction/land category. |
Accrued interest receivable consisted of the following at December 31, 2016 and 2015: | | | | | | | | | | December 31, | | 2016 | | 2015 | | (In thousands) | Loans receivable | $ | 2,665 |
| | $ | 2,467 |
| Investments | 478 |
| | 493 |
| Interest-earning deposits | 4 |
| | 8 |
| | $ | 3,147 |
| | $ | 2,968 |
|
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