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

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

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

	March 31,			December 31,
	2015			2014
Real estate - residential mortgage:
One to four family units	$	97,129,080		$	97,900,814
Multi-family		34,997,580			33,785,959
Real estate - construction		35,954,290			36,784,584
Real estate - commercial		229,644,645			215,605,054
Commercial loans		87,647,903			92,114,216
Consumer and other loans		16,397,912			17,246,437
Total loans		501,771,410			493,437,064
Less:
Allowance for loan losses		(6,755,671	)		(6,588,597	)
Deferred loan fees/costs, net		(286,871	)		(261,831	)
Net loans	$	494,728,868		$	486,586,636

Past Due Financing Receivables [Table Text Block]

	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	$	305	$	266	$	550	$	1,121	$	96,008	$	97,129	$	-
Multi-family		-		-		-		-		34,997		34,997		-
Real estate - construction		-		-		-		-		35,954		35,954		-
Real estate - commercial		-		-		-		-		229,645		229,645		-
Commercial loans		-		-		223		223		87,425		87,648		-
Consumer and other loans		82		-		16		98		16,300		16,398		-
Total	$	387	$	266	$	789	$	1,442	$	500,329	$	501,771	$	-

	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans Receivable		Total Loans > 90 Days and Accruing
	(In Thousands)
Real estate - residential mortgage:
One to four family units	$	113	$	428	$	279	$	820	$	97,081	$	97,901	$	-
Multi-family		-		-		-		-		33,786		33,786		-
Real estate - construction		-		-		-		-		36,785		36,785		-
Real estate - commercial		-		-		-		-		215,605		215,605		-
Commercial loans		-		-		227		227		91,887		92,114		-
Consumer and other loans		23		35		-		58		17,188		17,246		-
Total	$	136	$	463	$	506	$	1,105	$	492,332	$	493,437	$	-

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

	March 31,		December 31,
	2015		2014
Real estate - residential mortgage:
One to four family units	$	1,417,106	$	911,240
Multi-family		-		-
Real estate - construction		2,685,863		2,892,772
Real estate - commercial		-		459,823
Commercial loans		956,094		1,026,772
Consumer and other loans		16,034		-
Total	$	5,075,097	$	5,290,607

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

	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	$	1,330	$	1,992		$	900		$	127	$	1,954		$	185		$	101	$	6,589
Provision charged to expense		24		(6	)		(24	)		6		(151	)		35			266	$	150
Losses charged off		-		-			-			-		-			(18	)		-	$	(18	)
Recoveries		7		-			8			-		1			19			-	$	35
Balance, end of period	$	1,361	$	1,986		$	884		$	133	$	1,804		$	221		$	367	$	6,756

	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	$	2,387		$	2,059	$	997		$	209		$	1,519		$	272		$	359		$	7,802
Provision charged to expense		(380	)		285		49			(62	)		437			(43	)		(86	)	$	200
Losses charged off		-			-		(86	)		-			(164	)		(19	)		-		$	(269	)
Recoveries		1			-		2			-			7			18			-		$	28
Balance, end of period	$	2,008		$	2,344	$	962		$	147		$	1,799		$	228		$	273		$	7,761

	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	$	375	$	-	$	81	$	-	$	323	$	39	$	-	$	818
Ending balance: collectively evaluated for impairment	$	986	$	1,986	$	803	$	133	$	1,481	$	182	$	367	$	5,938
Loans:
Ending balance: individually evaluated for impairment	$	2,686	$	-	$	1,417	$	-	$	956	$	618	$	-	$	5,677
Ending balance: collectively evaluated for impairment	$	33,268	$	229,645	$	95,712	$	34,997	$	86,692	$	15,780	$	-	$	496,094

	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	$	376	$	158	$	36	$	-	$	203	$	12	$	-	$	785
Ending balance: collectively evaluated for impairment	$	954	$	1,834	$	864	$	127	$	1,751	$	173	$	101	$	5,804
Loans:
Ending balance: individually evaluated for impairment	$	2,893	$	460	$	847	$	-	$	1,027	$	801	$	-	$	6,028
Ending balance: collectively evaluated for impairment	$	33,892	$	215,145	$	97,054	$	33,786	$	91,087	$	16,445	$	-	$	487,409

Impaired Financing Receivables [Table Text Block]

	March 31, 2015						December 31, 2014
	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	$	869	$	869	$	-	$	632	$	632	$	-
Multi-family		-		-		-		-		-		-
Real estate - construction		74		74		-		74		74		-
Real estate - commercial		-		-		-		-		-		-
Commercial loans		333		333		-		341		341		-
Consumer and other loans		-		-		-		-		-		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	548	$	548	$	80	$	279	$	279	$	36
Multi-family		-		-		-		-		-		-
Real estate - construction		2,612		3,867		375		2,819		4,074		376
Real estate - commercial		-		-		-		460		460		158
Commercial loans		623		926		323		685		988		203
Consumer and other loans		618		618		39		91		91		12
Total
Real estate - residential mortgage:
One to four family units	$	1,417	$	1,417	$	80	$	911	$	911	$	36
Multi-family		-		-		-		-		-		-
Real estate - construction		2,686		3,941		375		2,893		4,148		376
Real estate - commercial		-		-		-		460		460		158
Commercial loans		956		1,259		323		1,026		1,329		203
Consumer and other loans		618		618		39		91		91		12
Total	$	5,677	$	7,235	$	818	$	5,381	$	6,939	$	785

	For the Three Months Ended				For the Three Months Ended
	March 31, 2015				March 31, 2014
	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	$	709	$	-	$	681	$	1
Multi-family		-		-		-		-
Real estate - construction		74		-		95		-
Real estate - commercial		-		-		553		-
Commercial loans		336		-		2,689		-
Consumer and other loans		489		-		-		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	550	$	-	$	334	$	-
Multi-family		-		-		-		-
Real estate - construction		2,750		-		4,234		-
Real estate - commercial		-		-		250		-
Commercial loans		623		-		3,096		-
Consumer and other loans		-		-		478		-
Total
Real estate - residential mortgage:
One to four family units	$	1,259	$	-	$	1,015	$	1
Multi-family		-		-		-		-
Real estate - construction		2,824		-		4,329		-
Real estate - commercial		-		-		803		-
Commercial loans		959		-		5,785		-
Consumer and other loans		489		-		478		-
Total	$	5,531	$	-	$	12,410	$	1

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	March 31,		December 31,
	2015		2014
Real estate - residential mortgage:
One to four family units	$	497,375	$	505,047
Multi-family		-		-
Real estate - construction		2,685,863		2,892,772
Real estate - commercial		-		459,823
Commercial loans		732,694		799,572
Consumer and other loans		-		-
Total	$	3,915,932	$	4,657,214

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	$	26,520	$	219,940	$	92,492	$	34,416	$	73,819	$	15,657	$	462,844
Special Mention		6,748		4,782		2,997		581		10,154		-		24,681
Substandard		2,686		4,923		1,640		-		3,675		741		14,246
Doubtful		-		-		-		-		-		-		-
Total	$	35,954	$	229,645	$	97,129	$	34,997	$	87,648	$	16,398	$	501,771

	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	27,370	$	207,311	$	94,129	$	33,786	$	78,197	$	17,015	$	457,808
Special Mention		6,522		5,076		2,501		-		10,273		-		24,372
Substandard		2,893		2,758		1,271		-		3,644		231		10,797
Doubtful		-		460		-		-		-		-		460
Total	$	36,785	$	215,605	$	97,901	$	33,786	$	92,114	$	17,246	$	493,437