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

6 Months Ended

Jun. 30, 2014

Receivables [Abstract]

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

	June 30,			December 31,
	2014			2013
Real estate - residential mortgage:
One to four family units	$	95,356,636		$	93,797,650
Multi-family		31,969,145			46,188,434
Real estate - construction		39,159,239			43,266,130
Real estate - commercial		188,307,781			179,079,433
Commercial loans		89,248,153			92,721,783
Consumer and other loans		17,074,824			17,303,392
Total loans		461,115,778			472,356,822
Less:
Allowance for loan losses		(6,788,409	)		(7,801,600	)
Deferred loan fees/costs, net		(175,373	)		(175,368	)
Net loans	$	454,151,996		$	464,379,854

Past Due Financing Receivables [Table Text Block]

As of June 30, 2014
	30-59 Days Past Due		60-89 Days Past Due		90 Days and more Past Due		Total Past Due		Current		Total Loans Receivable		Total Loans > 90 Days and Accruing
	(In Thousands)
Real estate - residential mortgage:
One to four family units	$	14	$	500	$	287	$	801	$	94,556	$	95,357	$	-
Multi-family		-		-		-		-		31,969		31,969		-
Real estate - construction		-		-		-		-		39,159		39,159		-
Real estate - commercial		-		28		-		28		188,280		188,308		-
Commercial loans		-		1,152		-		1,152		88,096		89,248		-
Consumer and other loans		3		38		-		41		17,034		17,075		-
Total	$	17	$	1,718	$	287	$	2,022	$	459,094	$	461,116	$	-

As of December 31, 2013
	30-59 Days Past Due		60-89 Days Past Due		90 Days and more Past Due		Total Past Due		Current		Total Loans Receivable		Total Loans > 90 Days and Accruing
	(In Thousands)
Real estate - residential mortgage:
One to four family units	$	246	$	337	$	-	$	583	$	93,215	$	93,798	$	-
Multi-family		-		-		-		-		46,188		46,188		-
Real estate - construction		-		-		536		536		42,730		43,266		-
Real estate - commercial		-		-		2,604		2,604		176,476		179,080		-
Commercial loans		-		2		3,628		3,630		89,092		92,722		-
Consumer and other loans		19		-		63		82		17,221		17,303		-
Total	$	265	$	339	$	6,831	$	7,435	$	464,922	$	472,357	$	-

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

	June 30,		December 31,
	2014		2013
Real estate - residential mortgage:
One to four family units	$	1,209,618	$	815,746
Multi-family		-		-
Real estate - construction		3,430,492		4,529,410
Real estate - commercial		514,866		3,663,166
Commercial loans		2,651,340		6,776,230
Consumer and other loans		-		63,027
Total	$	7,806,316	$	15,847,579

Allowance for Credit Losses on Financing Receivables [Table Text Block]

Three months ended June 30, 2014	Construction			Commercial Real Estate			One to four family			Multi-family			Commercial			Consumer and Other			Unallocated			Total
	(In Thousands)
Allowance for loan losses:
Balance, beginning of period	$	2,008		$	2,344		$	962		$	147		$	1,799		$	228		$	273		$	7,761
Provision charged to expense		76			(51	)		65			(1	)		477			32			(273	)	$	325
Losses charged off		(207	)		(9	)		(14	)		-			(1,058	)		(49	)		-		$	(1,337	)
Recoveries		2			-			1			-			26			10			-		$	39
Balance, end of period	$	1,879		$	2,284		$	1,014		$	146		$	1,244		$	221		$	-		$	6,788

Six months ended June 30, 2014	Construction			Commercial Real Estate			One to four family			Multi-family			Commercial			Consumer and Other			Unallocated			Total
	(In Thousands)
Allowance for loan losses:
Balance, beginning of period	$	2,387		$	2,059		$	997		$	209		$	1,519		$	272		$	359		$	7,802
Provision charged to expense		(304	)		234			114			(63	)		914			(11	)		(359	)	$	525
Losses charged off		(207	)		(9	)		(100	)		-			(1,222	)		(68	)		-		$	(1,606	)
Recoveries		3			-			3			-			33			28			-		$	67
Balance, end of period	$	1,879		$	2,284		$	1,014		$	146		$	1,244		$	221		$	-		$	6,788

Three months ended June 30, 2013	Construction			Commercial Real Estate		One to four family			Multi-family		Commercial		Consumer and Other			Unallocated			Total
	(In Thousands)
Allowance for loan losses:
Balance, beginning of period	$	2,253		$	1,911	$	1,234		$	285	$	1,460	$	275		$	694		$	8,112
Provision charged to expense		(282	)		115		66			6		542		(3	)		(194	)	$	250
Losses charged off		-			-		(74	)		-		-		(20	)		-		$	(94	)
Recoveries		28			-		3			-		63		15			-		$	109
Balance, end of period	$	1,999		$	2,026	$	1,229		$	291	$	2,065	$	267		$	500		$	8,377

Six months ended June 30, 2013	Construction			Commercial Real Estate			One to four family			Multi-family		Commercial			Consumer and Other			Unallocated		Total
	(In Thousands)
Allowance for loan losses:
Balance, beginning of period	$	2,525		$	2,517		$	1,316		$	284	$	1,689		$	255		$	154	$	8,740
Provision charged to expense		(126	)		(305	)		40			7		651			37			346	$	650
Losses charged off		(438	)		(186	)		(134	)		-		(373	)		(53	)		-	$	(1,184	)
Recoveries		38			-			7			-		98			28			-	$	171
Balance, end of period	$	1,999		$	2,026		$	1,229		$	291	$	2,065		$	267		$	500	$	8,377

	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Unallocated		Total
	(In Thousands)
Allowance for loan losses:
Ending balance: individually evaluated for impairment	$	515	$	185	$	48	$	-	$	-	$	10	$	-	$	758
Ending balance: collectively evaluated for impairment	$	1,364	$	2,099	$	966	$	146	$	1,244	$	211	$	-	$	6,030
Loans:
Ending balance: individually evaluated for impairment	$	3,430	$	515	$	1,210	$	-	$	3,438	$	273	$	-	$	8,866
Ending balance: collectively evaluated for impairment	$	35,729	$	187,793	$	94,147	$	31,969	$	85,810	$	16,802	$	-	$	452,250

	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Unallocated		Total
	(In Thousands)
Allowance for loan losses:
Ending balance: individually evaluated for impairment	$	890	$	-	$	8	$	-	$	601	$	102	$	-	$	1,601
Ending balance: collectively evaluated for impairment	$	1,497	$	2,059	$	989	$	209	$	918	$	170	$	359	$	6,201
Loans:
Ending balance: individually evaluated for impairment	$	4,530	$	3,663	$	886	$	-	$	6,776	$	316	$	-	$	16,171
Ending balance: collectively evaluated for impairment	$	38,736	$	175,417	$	92,912	$	46,188	$	85,946	$	16,987	$	-	$	456,186

Impaired Financing Receivables [Table Text Block]

	June 30, 2014						December 31, 2013
	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	$	896	$	896	$	-	$	620	$	620	$	-
Multi-family		-		-		-		-		-		-
Real estate - construction		93		93		-		96		940		-
Real estate - commercial		28		37		-		3,663		3,663		-
Commercial loans		3,438		4,254		-		2,327		2,462		-
Consumer and other loans		-		-		-		-		-		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	314	$	314	$	48	$	267	$	267	$	8
Multi-family		-		-		-		-		-		-
Real estate - construction		3,337		4,388		515		4,433		4,433		890
Real estate - commercial		487		487		185		-		-		-
Commercial loans		-		-		-		4,449		5,148		601
Consumer and other loans		273		273		10		316		316		102
Total
Real estate - residential mortgage:
One to four family units	$	1,210	$	1,210	$	48	$	887	$	887	$	8
Multi-family		-		-		-		-		-		-
Real estate - construction		3,430		4,481		515		4,529		5,373		890
Real estate - commercial		515		524		185		3,663		3,663		-
Commercial loans		3,438		4,254		-		6,776		7,610		601
Consumer and other loans		273		273		10		316		316		102
Total	$	8,866	$	10,742	$	758	$	16,171	$	17,849	$	1,601

	For the Three Months Ended				For the Three Months Ended
	June 30, 2014				June 30, 2013
	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	$	823	$	-	$	2,164	$	1
Multi-family		-		-		-		-
Real estate - construction		94		-		5,320		-
Real estate - commercial		264		-		5,095		13
Commercial loans		3,486		98		648		-
Consumer and other loans		-		-		96		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	325	$	-	$	181	$	-
Multi-family		-		-		-		-
Real estate - construction		3,532		-		613		-
Real estate - commercial		574		-		-		-
Commercial loans		699		-		3,230		-
Consumer and other loans		272		-		305		-
Total
Real estate - residential mortgage:
One to four family units	$	1,148	$	-	$	2,345	$	1
Multi-family		-		-		-		-
Real estate - construction		3,626		-		5,933		-
Real estate - commercial		838		-		5,095		13
Commercial loans		4,185		98		3,878		-
Consumer and other loans		272		-		401		-
Total	$	10,069	$	98	$	17,652	$	14

	For the Six Months Ended				For the Six Months Ended
	June 30, 2014				June 30, 2013
	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	$	752	$	1	$	2,152	$	3
Multi-family		-		-		-		-
Real estate - construction		95		-		5,214		-
Real estate - commercial		408		-		4,142		36
Commercial loans		3,088		98		646		1
Consumer and other loans		-		-		99		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	329	$	-	$	144	$	-
Multi-family		-		-		-		-
Real estate - construction		3,883		-		859		-
Real estate - commercial		412		-		1,122		-
Commercial loans		1,897		-		2,756		-
Consumer and other loans		375		-		339		-
Total
Real estate - residential mortgage:
One to four family units	$	1,081	$	1	$	2,296	$	3
Multi-family		-		-		-		-
Real estate - construction		3,978		-		6,073		-
Real estate - commercial		820		-		5,264		36
Commercial loans		4,985		98		3,402		1
Consumer and other loans		375		-		438		-
Total	$	11,239	$	99	$	17,473	$	40

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		1	$	287,500	$	287,500
Multi-family		-		-		-
Real estate - construction		-		-		-
Real estate - commercial		-		-		-
Commercial loans		-		-		-
Consumer and other loans		-		-		-
Total		1	$	287,500	$	287,500

	Interest Rate		Term		Combination		Total Modification
Real estate - residential mortgage:
One to four family units	$	-	$	-	$	287,500	$	287,500
Multi-family		-		-		-		-
Real estate - construction		-		-		-		-
Real estate - commercial		-		-		-		-
Commercial loans		-		-		-		-
Consumer and other loans		-		-		-		-
Total	$	-	$	-	$	287,500	$	287,500

	June 30,		December 31,
	2014		2013
Real estate - residential mortgage:
One to four family units	$	790,476	$	519,718
Multi-family		-		-
Real estate - construction		3,411,014		4,507,190
Real estate - commercial		486,612		3,026,931
Commercial loans		2,285,821		3,699,243
Consumer and other loans		-		-
Total	$	6,973,923	$	11,753,082

Financing Receivable Credit Quality Indicators [Table Text Block]

	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	28,105	$	180,408	$	88,541	$	31,554	$	71,914	$	16,872	$	417,394
Special Mention		7,585		3,874		5,103		-		14,487		-		31,049
Substandard		3,469		3,539		1,713		415		2,847		203		12,186
Doubtful		-		487		-		-		-		-		487
Total	$	39,159	$	188,308	$	95,357	$	31,969	$	89,248	$	17,075	$	461,116

	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	31,433	$	169,135	$	83,341	$	45,768	$	78,622	$	16,743	$	425,042
Special Mention		7,253		4,721		8,954		420		9,161		107		30,616
Substandard		683		5,224		1,503		-		2,738		453		10,601
Doubtful		3,897		-		-		-		2,201		-		6,098
Total	$	43,266	$	179,080	$	93,798	$	46,188	$	92,722	$	17,303	$	472,357