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

9 Months Ended

Sep. 30, 2014

Receivables [Abstract]

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

	September 30,			December 31,
	2014			2013
Real estate - residential mortgage:
One to four family units	$	97,624,021		$	93,797,650
Multi-family		31,215,812			46,188,434
Real estate - construction		39,354,340			43,266,130
Real estate - commercial		201,823,638			179,079,433
Commercial loans		86,093,439			92,721,783
Consumer and other loans		17,152,679			17,303,392
Total loans		473,263,929			472,356,822
Less:
Allowance for loan losses		(6,537,697	)		(7,801,600	)
Deferred loan fees/costs, net		(195,800	)		(175,368	)
Net loans	$	466,530,432		$	464,379,854

Past Due Financing Receivables [Table Text Block]

As of September 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	$	751	$	239	$	353	$	1,343	$	96,281	$	97,624	$	-
Multi-family		413		-		-		413		30,803		31,216		-
Real estate - construction		-		-		-		-		39,354		39,354		-
Real estate - commercial		-		-		-		-		201,824		201,824		-
Commercial loans		510		-		230		740		85,353		86,093		-
Consumer and other loans		23		15		38		76		17,077		17,153		-
Total	$	1,697	$	254	$	621	$	2,572	$	470,692	$	473,264	$	-

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]

	September 30,		December 31,
	2014		2013
Real estate - residential mortgage:
One to four family units	$	949,961	$	815,746
Multi-family		413,396		-
Real estate - construction		3,380,896		4,529,410
Real estate - commercial		473,218		3,663,166
Commercial loans		348,254		6,776,230
Consumer and other loans		38,127		63,027
Total	$	5,603,852	$	15,847,579

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

Three months ended September 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	$	1,879		$	2,284		$	1,014		$	146		$	1,244		$	221		$	-	$	6,788
Provision charged to expense		(244	)		(418	)		(84	)		(30	)		1,135			(4	)		95	$	450
Losses charged off		-			-			(27	)		-			(792	)		(16	)		-	$	(835	)
Recoveries		1			99			3			-			22			10			-	$	135
Balance, end of period	$	1,636		$	1,965		$	906		$	116		$	1,609		$	211		$	95	$	6,538

Nine months ended September 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		(548	)		(184	)		30			(93	)		2,049			(15	)		(264	)	$	975
Losses charged off		(207	)		(9	)		(127	)		-			(2,014	)		(84	)		-		$	(2,441	)
Recoveries		4			99			6			-			55			38			-		$	202
Balance, end of period	$	1,636		$	1,965		$	906		$	116		$	1,609		$	211		$	95		$	6,538

Three months ended September 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	$	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
	(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		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

As of September 30, 2014	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	$	574	$	185	$	48	$	-	$	-	$	26	$	-	$	833
Ending balance: collectively evaluated for impairment	$	1,062	$	1,780	$	858	$	116	$	1,609	$	185	$	95	$	5,705
Loans:
Ending balance: individually evaluated for impairment	$	3,378	$	473	$	888	$	413	$	1,085	$	1,024	$	-	$	7,261
Ending balance: collectively evaluated for impairment	$	35,976	$	201,351	$	96,736	$	30,803	$	85,008	$	16,129	$	-	$	466,003

December 31, 2013	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]

	September 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	$	642	$	642	$	-	$	620	$	620	$	-
Multi-family		413		413		-		-		-		-
Real estate - construction		74		74		-		96		940		-
Real estate - commercial		-		-		-		3,663		3,663		-
Commercial loans		1,085		1,388		-		2,327		2,462		-
Consumer and other loans		-		-		-		-		-		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	308	$	308	$	48	$	267	$	267	$	8
Multi-family		-		-		-		-		-		-
Real estate - construction		3,307		4,358		574		4,433		4,433		890
Real estate - commercial		473		473		185		-		-		-
Commercial loans		-		-		-		4,449		5,148		601
Consumer and other loans		115		115		26		316		316		102
Total
Real estate - residential mortgage:
One to four family units	$	950	$	950	$	48	$	887	$	887	$	8
Multi-family		413		413		-		-		-		-
Real estate - construction		3,381		4,432		574		4,529		5,373		890
Real estate - commercial		473		473		185		3,663		3,663		-
Commercial loans		1,085		1,388		-		6,776		7,610		601
Consumer and other loans		115		115		26		316		316		102
Total	$	6,417	$	7,771	$	833	$	16,171	$	17,849	$	1,601

	For the Nine Months Ended				For the Nine Months Ended
	September 30, 2014				September 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	$	710	$	1	$	2,028	$	4
Multi-family		46		-		-		-
Real estate - construction		88		-		4,044		-
Real estate - commercial		272		-		4,458		40
Commercial loans		2,375		196		878		1
Consumer and other loans		-		-		107		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	333	$	-	$	296	$	-
Multi-family		-		-		-		-
Real estate - construction		3,691		-		1,849		-
Real estate - commercial		434		-		748		-
Commercial loans		1,414		-		2,741		-
Consumer and other loans		277		-		310		-
Total
Real estate - residential mortgage:
One to four family units	$	1,043	$	1	$	2,324	$	4
Multi-family		46		-		-		-
Real estate - construction		3,779		-		5,893		-
Real estate - commercial		706		-		5,206		40
Commercial loans		3,789		196		3,619		1
Consumer and other loans		277		-		417		-
Total	$	9,640	$	197	$	17,459	$	45

	For the Three Months Ended				For the Three Months Ended
	September 30, 2014				September 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	$	627	$	-	$	1,782	$	1
Multi-family		138		-		-		-
Real estate - construction		74		-		1,703		-
Real estate - commercial		-		-		5,091		4
Commercial loans		949		98		1,343		-
Consumer and other loans		-		-		123		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	340	$	-	$	599	$	-
Multi-family		-		-		-		-
Real estate - construction		3,307		-		3,829		-
Real estate - commercial		478		-		-		-
Commercial loans		447		-		2,712		-
Consumer and other loans		79		-		252		-
Total
Real estate - residential mortgage:
One to four family units	$	967	$	-	$	2,381	$	1
Multi-family		138		-		-		-
Real estate - construction		3,381		-		5,532		-
Real estate - commercial		478		-		5,091		4
Commercial loans		1,396		98		4,055		-
Consumer and other loans		79		-		375		-
Total	$	6,439	$	98	$	17,434	$	5

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	September 30,		December 31,
	2014		2013
Real estate - residential mortgage:
One to four family units	$	510,407	$	519,718
Multi-family		-		-
Real estate - construction		3,380,896		4,507,190
Real estate - commercial		473,218		3,026,931
Commercial loans		854,644		3,699,243
Consumer and other loans		-		-
Total	$	5,219,165	$	11,753,082

Financing Receivable Credit Quality Indicators [Table Text Block]

September 30, 2014	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	29,337	$	192,302	$	93,597	$	30,803	$	73,104	$	16,896	$	436,039
Special Mention		6,603		5,537		2,605		-		11,193		-		25,938
Substandard		3,414		3,512		1,422		413		1,796		219		10,776
Doubtful		-		473		-		-		-		38		511
Total	$	39,354	$	201,824	$	97,624	$	31,216	$	86,093	$	17,153	$	473,264

December 31, 2013	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