Note 4 - Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2013

Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items]

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

	September 30, 2013		December 31, 2012
Real estate - residential mortgage:
One to four family units	$	2,392,537	$	2,280,856
Multi-family		-		-
Real estate - construction		5,473,379		6,274,241
Real estate - commercial		5,253,511		3,663,771
Commercial loans		5,229,846		2,793,457
Consumer and other loans		293,722		318,963
Total	$	18,642,995	$	15,331,288

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	Number of Loans		Pre-Modification Outstanding Recorded Balance		Post-Modification Outstanding Recorded Balance
Real estate - residential mortgage:
One to four family units		-	$	-	$	-
Multi-family		-		-		-
Real estate - construction		1		73,845		73,845
Real estate - commercial		-		-		-
Commercial loans		2		1,892,006		1,891,410
Consumer and other loans		-		-		-
Total		3	$	1,965,851	$	1,965,255

	Interest Rate		Term		Combination		Total Modification
Real estate - residential mortgage:
One to four family units	$	-	$	-	$	-	$	-
Multi-family		-		-		-		-
Real estate - construction		-		73,845		-		73,845
Real estate - commercial		-		-		-		-
Commercial loans		-		-		1,891,410		1,891,410
Consumer and other loans		-		-		-		-
Total	$	-	$	73,845	$	1,891,410	$	1,965,255

	September 30, 2013		December 31, 2012
Real estate - residential mortgage:
One to four family units	$	1,837,765	$	1,653,934
Multi-family		-		-
Real estate - construction		5,665,630		6,229,201
Real estate - commercial		5,139,025		2,246,508
Commercial loans		4,579,444		1,851,099
Consumer and other loans		-		-
Total	$	17,221,865	$	11,980,742

Financing Receivable Credit Quality Indicators [Table Text Block]

September 30, 2013	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	26,800	$	161,855	$	85,324	$	48,258	$	85,833	$	16,054	$	424,124
Special Mention		7,155		3,004		5,176		422		5,043		90		20,890
Substandard		866		6,996		2,914		-		3,766		704		15,246
Doubtful		4,565		-		-		-		2,351		-		6,916
Total	$	39,386	$	171,855	$	93,414	$	48,680	$	96,993	$	16,848	$	467,176

December 31, 2012	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	35,775	$	156,448	$	94,209	$	45,133	$	88,230	$	15,840	$	435,635
Special Mention		6,868		4,976		1,636		1,272		2,255		93		17,100
Substandard		5,581		6,337		3,507		-		4,742		784		20,951
Doubtful		693		-		30		-		-		-		723
Total	$	48,917	$	167,761	$	99,382	$	46,405	$	95,227	$	16,717	$	474,409

Recorded Investment in Impaired Loans [Member]

Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items]

Impaired Financing Receivables [Table Text Block]

	September 30, 2013						December 31, 2012
	Recorded Balance		Unpaid Principal Balance		Specific Allowance		Recorded Balance		Unpaid Principal Balance		Specific Allowance
	(In Thousands)
Loans without a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	2,046	$	2,161	$	-	$	2,245	$	2,271	$	-
Multi-family		-		-		-		-		-		-
Real estate - construction		277		277		-		5,015		5,575		-
Real estate - commercial		4,862		5,187		-		2,430		2,755		-
Commercial loans		1,100		1,403		-		318		689		-
Consumer and other loans		133		133		-		103		103		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	241	$	241	$	1	$	115	$	130	$	90
Multi-family		-		-		-		-		-		-
Real estate - construction		5,101		5,621		1,135		1,260		1,260		608
Real estate - commercial		-		-		-		3,243		3,243		180
Commercial loans		3,807		4,118		826		2,237		2,237		441
Consumer and other loans		280		280		44		311		311		48
Total
Real estate - residential mortgage:
One to four family units	$	2,287	$	2,402	$	1	$	2,360	$	2,401	$	90
Multi-family		-		-		-		-		-		-
Real estate - construction		5,378		5,898		1,135		6,275		6,835		608
Real estate - commercial		4,862		5,187		-		5,673		5,998		180
Commercial loans		4,907		5,521		826		2,555		2,926		441
Consumer and other loans		413		413		44		414		414		48
Total	$	17,847	$	19,421	$	2,006	$	17,277	$	18,574	$	1,367

	For the Three Months Ended September 30, 2013				For the Three Months Ended September 30, 2012
	Average Investment in Impaired Loans		Interest Income Recognized		Average Investment in Impaired Loans		Interest Income Recognized
	(In Thousands)
Loans without a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	1,782	$	1	$	2,601	$	5
Multi-family		-		-		-		-
Real estate - construction		1,703		-		4,953		-
Real estate - commercial		5,091		4		4,273		18
Commercial loans		1,343		-		2,719		4
Consumer and other loans		123		-		151		1
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	599	$	-	$	106	$	-
Multi-family		-		-		-		-
Real estate - construction		3,829		-		770		-
Real estate - commercial		-		-		9,085		-
Commercial loans		2,712		-		4,774		-
Consumer and other loans		252		-		417		-
Total
Real estate - residential mortgage:
One to four family units	$	2,381	$	1	$	2,707	$	5
Multi-family		-		-		-		-
Real estate - construction		5,532		-		5,723		-
Real estate - commercial		5,091		4		13,358		18
Commercial loans		4,055		-		7,493		4
Consumer and other loans		375		-		568		1
Total	$	17,434	$	5	$	29,849	$	28

	For the Nine Months Ended September 30, 2013				For the Nine Months Ended September 30, 2012
	Average Investment in Impaired Loans		Interest Income Recognized		Average Investment in Impaired Loans		Interest Income Recognized
	(In Thousands)
Loans without a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	2,028	$	4	$	1,807	$	17
Multi-family		-		-		-		-
Real estate - construction		4,044		-		3,046		-
Real estate - commercial		4,458		40		4,626		49
Commercial loans		878		1		2,342		15
Consumer and other loans		107		-		230		11
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	296	$	-	$	334	$	-
Multi-family		-		-		-		-
Real estate - construction		1,849		-		4,111		-
Real estate - commercial		748		-		7,800		-
Commercial loans		2,741		-		3,693		-
Consumer and other loans		310		-		316		-
Total
Real estate - residential mortgage:
One to four family units	$	2,324	$	4	$	2,141	$	17
Multi-family		-		-		-		-
Real estate - construction		5,893		-		7,157		-
Real estate - commercial		5,206		40		12,426		49
Commercial loans		3,619		1		6,035		15
Consumer and other loans		417		-		546		11
Total	$	17,459	$	45	$	28,305	$	92

Loan Balance by Category [Member]

Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	September 30, 2013			December 31, 2012
Real estate - residential mortgage:
One to four family units	$	93,413,523		$	99,381,934
Multi-family		48,680,101			46,405,034
Real estate - construction		39,385,606			48,917,296
Real estate - commercial		171,855,505			167,760,850
Commercial loans		96,993,237			95,226,762
Consumer and other loans		16,847,615			16,716,858
Total loans		467,175,587			474,408,734
Less:
Allowance for loan losses		(8,472,838	)		(8,740,325	)
Deferred loan fees/costs, net		(216,705	)		(136,436	)
Net loans	$	458,486,044		$	465,531,973

Aging of Loans [Member]

Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

As of September 30, 2013
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater		Total Past Due		Current		Total Loans Receivable		Total Loans > 90 Days and Accruing
	(In Thousands)
Real estate - residential mortgage:
One to four family units	$	-	$	59	$	454	$	513	$	92,901	$	93,414	$	-
Multi-family		-		-		-		-		48,680		48,680		-
Real estate - construction		578		-		-		578		38,808		39,386		-
Real estate - commercial		4,320		-		-		4,320		167,535		171,855		-
Commercial loans		-		20		2,072		2,092		94,901		96,993		-
Consumer and other loans		116		13		-		129		16,719		16,848		-
Total	$	5,014	$	92	$	2,526	$	7,632	$	459,544	$	467,176	$	-

As of December 31, 2012
	30-59 Days Past Due		60-89 Days Past Due		90 Days or Greater		Total Past Due		Current		Total Loans Receivable		Total Loans > 90 Days and Accruing
	(In Thousands)
Real estate - residential mortgage:
One to four family units	$	52	$	4	$	-	$	56	$	99,326	$	99,382	$	-
Multi-family		-		-		-		-		46,405		46,405		-
Real estate - construction		22		28		640		690		48,227		48,917		-
Real estate - commercial		-		352		-		352		167,409		167,761		-
Commercial loans		10		610		785		1,405		93,822		95,227		-
Consumer and other loans		57		-		-		57		16,660		16,717		-
Total	$	141	$	994	$	1,425	$	2,560	$	471,849	$	474,409	$	-

Recorded Investment in Loans [Member]

Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Three months ended September 30, 2013	Construction			Commercial Real Estate			One to four family			Multi-family			Commercial			Consumer and Other			Unallocated		Total
Allowance for loan losses:	(In Thousands)
Balance, beginning of period	$	1,999		$	2,026		$	1,229		$	291		$	2,065		$	267		$	500	$	8,377
Provision charged to expense		571			(24	)		(178	)		(71	)		(189	)		(52	)		143	$	200
Losses charged off		(117	)		-			(6	)		-			-			(17	)		-	$	(140	)
Recoveries		5			-			5			-			8			18			-	$	36
Balance, end of period	$	2,458		$	2,002		$	1,050		$	220		$	1,884		$	216		$	643	$	8,473

Nine months ended September 30, 2013	Construction			Commercial Real Estate			One to four family			Multi-family			Commercial			Consumer and Other			Unallocated		Total
Allowance for loan losses:	(In Thousands)
Balance, beginning of period	$	2,525		$	2,517		$	1,316		$	284		$	1,689		$	255		$	154	$	8,740
Provision charged to expense		445			(329	)		(138	)		(64	)		462			(15	)		489	$	850
Losses charged off		(555	)		(186	)		(140	)		-			(373	)		(70	)		-	$	(1,324	)
Recoveries		43			-			12			-			106			46			-	$	207
Balance, end of period	$	2,458		$	2,002		$	1,050		$	220		$	1,884		$	216		$	643	$	8,473

Three months ended September 30, 2012	Construction			Commercial Real Estate			One to four family			Multi-family			Commercial			Consumer and Other			Unallocated		Total
Allowance for loan losses:	(In Thousands)
Balance, beginning of period	$	2,368		$	4,380		$	1,574		$	415		$	3,997		$	357		$	35	$	13,126
Provision charged to expense		732			(1,403	)		(251	)		(136	)		2,901			(59	)		816	$	2,600
Losses charged off		(1,295	)		(507	)		(22	)		-			(5,518	)		(15	)		-	$	(7,357	)
Recoveries		-			28			11			-			58			10			-	$	107
Balance, end of period	$	1,805		$	2,498		$	1,312		$	279		$	1,438		$	293		$	851	$	8,476

Nine months ended September 30, 2012	Construction			Commercial Real Estate			One to four family			Multi-family			Commercial			Consumer and Other			Unallocated			Total
Allowance for loan losses:	(In Thousands)
Balance, beginning of period	$	2,508		$	2,725		$	1,735		$	390		$	1,948		$	372		$	935		$	10,613
Provision charged to expense		576			692			(309	)		(111	)		4,894			(58	)		(84	)	$	5,600
Losses charged off		(1,295	)		(985	)		(130	)		-			(5,538	)		(49	)		-		$	(7,997	)
Recoveries		16			66			16			-			134			28			-		$	260
Balance, end of period	$	1,805		$	2,498		$	1,312		$	279		$	1,438		$	293		$	851		$	8,476

As of September 30, 2013	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Unallocated		Total
Allowance for loan losses:	(In Thousands)
Ending balance: individually evaluated for impairment	$	1,135	$	-	$	1	$	-	$	826	$	44	$	-	$	2,006
Ending balance: collectively evaluated for impairment	$	1,323	$	2,002	$	1,049	$	220	$	1,058	$	172	$	643	$	6,467
Loans:
Ending balance: individually evaluated for impairment	$	5,474	$	5,253	$	2,463	$	-	$	5,230	$	658	$	-	$	19,078
Ending balance: collectively evaluated for impairment	$	33,912	$	166,602	$	90,951	$	48,680	$	91,763	$	16,190	$	-	$	448,098

December 31, 2012	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Unallocated		Total
Allowance for loan losses:	(In Thousands)
Ending balance: individually evaluated for impairment	$	608	$	180	$	90	$	-	$	441	$	48	$	-	$	1,367
Ending balance: collectively evaluated for impairment	$	2,087	$	2,167	$	1,226	$	284	$	1,248	$	207	$	154	$	7,373
Loans:
Ending balance: individually evaluated for impairment	$	6,275	$	5,673	$	2,360	$	-	$	2,555	$	414	$	-	$	17,277
Ending balance: collectively evaluated for impairment	$	42,642	$	162,088	$	97,022	$	46,405	$	92,672	$	16,303	$	-	$	457,132