HVBC 2016 Annual Report

5 Loan Portfolio Maturities and Yields. The following table summarizes the scheduled repayments of our loan portfolio at June 30, 2017. Demand loans, loans having no stated repayment schedule or maturity, and overdraft loans are reported as being due in the year ending June 30, 2018. Maturities are based on the final contractual payment date and do not reflect the impact of prepayments and scheduled principal amortization. One- to Four- Family Real Estate Loans Home Equity & HELOCs Commercial Real Estate Loans Commercial Business Loans Construction Loans Consumer Loans Total (In thousands) Due During the Years Ending June 30, 2018 $ 67 $ 42 $ 1,268 $ 3,801 $ 1,800 $ 5 $ 6,983 2019 41 23 1,139 — — — 1,203 2020 21 72 470 — — — 563 2021 to 2022 149 372 1,890 — 204 — 2,615 2023 to 2027 4,374 360 2,430 — — — 7,164 2028 to 2032 4,264 543 1,733 — — — 6,540 2033 and beyond 79,662 4,054 3,261 — — — 86,977 Total $ 88,578 $ 5,466 $ 12,191 $ 3,801 $ 2,004 $ 5 $112,045 The following table sets forth our fixed and adjustable-rate loans at June 30, 2017 that are contractually due after June 30, 2018. Due After June 30, 2018 Fixed Adjustable Total (In thousands) Residential: One- to four-family $ 50,437 $ 38,074 $ 88,511 Home equity & HELOCs 24 5,400 5,424 Commercial real estate 8,659 2,264 10,923 Commercial business — — — Construction — 204 204 Consumer — — — Total $ 59,120 $ 45,942 $ 105,062 One- to Four-Family Residential Real Estate Lending . At June 30, 2017, we had $88.6 million of loans secured by one- to four-family residential real estate, representing 79.1% of our total loan portfolio. In addition, at June 30, 2017, we had $12.8 million of residential mortgages held for sale. We primarily originate fixed-rate one- to four-family residential real estate loans, but depending on market conditions and borrower preferences, we also offer adjustable-rate loans. At June 30, 2017, 57.0% of our one- to four-family residential real estate loans were fixed- rate loans, and 43.0% of such loans were adjustable-rate loans. Our fixed-rate one- to four-family residential real estate loans typically have terms of 10 to 30 years and are generally underwritten according to Fannie Mae or Freddie Mac guidelines when the loan balance meets such guidelines, and we refer to loans that conform to such guidelines as “conforming loans.” We generally originate both fixed- and adjustable-rate mortgage loans in amounts up to the maximum conforming loan limits, which as of June 30, 2017 was generally $424,100 for single-family homes in our market area. We typically sell most of our fixed-rate conforming loans on a servicing-released basis. We also originate loans above the lending limit for conforming loans, which are referred to as “jumbo loans,” that we retain in our portfolio. Jumbo loans that we originate typically have 15 to 30 year terms and maximum loan-to-value ratios of 80%. At June 30, 2017, we had $51.4 million in jumbo loans, which represented 58.0% of our one- to four-family residential real estate loans. Of the $51.4 million in jumbo loans, 64% or $32.8 million were variable jumbo loans and 36% or $18.6 million were fixed jumbo loans. Our average loan size for jumbo loans was $619,000 at June 30, 2017. We also offer FHA, USDA and VA loans, all of which we originate for sale on a servicing-released, non-recourse basis in accordance