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

6 Months Ended

Jun. 30, 2015

Receivables [Abstract]

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

	June 30,			December 31,
	2015			2014
Real estate - residential mortgage:
One to four family units	$	95,902,509		$	97,900,814
Multi-family		39,993,133			33,785,959
Real estate - construction		35,368,786			36,784,584
Real estate - commercial		228,795,902			215,605,054
Commercial loans		89,707,877			92,114,216
Consumer and other loans		21,822,792			17,246,437
Total loans		511,590,998			493,437,064
Less:
Allowance for loan losses		(6,651,308	)		(6,588,597	)
Deferred loan fees/costs, net		(307,566	)		(261,831	)
Net loans	$	504,632,124		$	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	$	432	$	111	$	397	$	940	$	94,963	$	95,903	$	-
Multi-family		-		-		-		-		39,993		39,993		-
Real estate - construction		-		-		-		-		35,368		35,368		-
Real estate - commercial		-		-		-		-		228,796		228,796		-
Commercial loans		125		612		220		957		88,751		89,708		-
Consumer and other loans		1		5		29		35		21,788		21,823		-
Total	$	558	$	728	$	646	$	1,932	$	509,659	$	511,591	$	-

	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]

	June 30,		December 31,
	2014		2014
Real estate - residential mortgage:
One to four family units	$	745,789	$	911,240
Multi-family		-		-
Real estate - construction		2,683,792		2,892,772
Real estate - commercial		-		459,823
Commercial loans		938,908		1,026,772
Consumer and other loans		29,242		-
Total	$	4,397,731	$	5,290,607

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

Three months ended June 30, 2015	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	$	1,361		$	1,986		$	884		$	133	$	1,804	$	221		$	367		$	6,756
Provision charged to expense		(16	)		(41	)		18			18		87		22			(88	)	$	-
Losses charged off		-			-			(99	)		-		-		(15	)		-		$	(114	)
Recoveries		1			-			2			-		2		4			-		$	9
Balance, end of period	$	1,346		$	1,945		$	805		$	151	$	1,893	$	232		$	279		$	6,651

Six months ended June 30, 2015	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		8		(47	)		(6	)		24		(64	)		57			178	$	150
Losses charged off		-		-			(99	)		-		-			(33	)		-	$	(132	)
Recoveries		8		-			10			-		3			23			-	$	44
Balance, end of period	$	1,346	$	1,945		$	805		$	151	$	1,893		$	232		$	279	$	6,651

Three months ended June 30, 2014	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	$	2,008		$	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
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		(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

As of June 30, 2015	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	$	-	$	-	$	-	$	313	$	21	$	-	$	709
Ending balance: collectively evaluated for impairment	$	971	$	1,945	$	805	$	151	$	1,580	$	211	$	279	$	5,942
Loans:
Ending balance: individually evaluated for impairment	$	2,684	$	-	$	745	$	-	$	939	$	2,279	$	-	$	6,647
Ending balance: collectively evaluated for impairment	$	32,684	$	228,796	$	95,158	$	39,993	$	88,769	$	19,544	$	-	$	504,944

December 31, 2014	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]

	June 30, 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	$	746	$	746	$	-	$	632	$	632	$	-
Multi-family		-		-		-		-		-		-
Real estate - construction		74		74		-		74		74		-
Real estate - commercial		-		-		-		-		-		-
Commercial loans		326		326		-		341		341		-
Consumer and other loans		2,265		2,265		-		-		-		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	-	$	-	$	-	$	279	$	279	$	36
Multi-family		-		-		-		-		-		-
Real estate - construction		2,610		3,865		375		2,819		4,074		376
Real estate - commercial		-		-		-		460		460		158
Commercial loans		613		916		313		685		988		203
Consumer and other loans		183		183		21		91		91		12
Total
Real estate - residential mortgage:
One to four family units	$	746	$	746	$	-	$	911	$	911	$	36
Multi-family		-		-		-		-		-		-
Real estate - construction		2,684		3,939		375		2,893		4,148		376
Real estate - commercial		-		-		-		460		460		158
Commercial loans		939		1,242		313		1,026		1,329		203
Consumer and other loans		2,448		2,448		21		91		91		12
Total	$	6,817	$	8,375	$	709	$	5,381	$	6,939	$	785

	For the Three Months Ended				For the Three Months Ended
	June 30, 2015				June 30, 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	$	749	$	1	$	823	$	-
Multi-family		-		-		-		-
Real estate - construction		74		-		94		-
Real estate - commercial		-		-		264		-
Commercial loans		327		-		3,486		98
Consumer and other loans		16		-		-		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	361	$	-	$	325	$	-
Multi-family		-		-		-		-
Real estate - construction		2,610		-		3,532		-
Real estate - commercial		-		-		574		-
Commercial loans		620		-		699		-
Consumer and other loans		127		-		272		-
Total
Real estate - residential mortgage:
One to four family units	$	1,110	$	1	$	1,148	$	-
Multi-family		-		-		-		-
Real estate - construction		2,684		-		3,626		-
Real estate - commercial		-		-		838		-
Commercial loans		947		-		4,185		98
Consumer and other loans		143		-		272		-
Total	$	4,884	$	1	$	10,069	$	98

	For the Six Months Ended				For the Six Months Ended
	June 30, 2015				June 30, 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	$	729	$	2	$	752	$	1
Multi-family		-		-		-		-
Real estate - construction		74		-		95		-
Real estate - commercial		-		-		408		-
Commercial loans		332		-		3,088		98
Consumer and other loans		13		-		-		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	456	$	-	$	329	$	-
Multi-family		-		-		-		-
Real estate - construction		2,680		-		3,883		-
Real estate - commercial		-		-		412		-
Commercial loans		621		-		1,897		-
Consumer and other loans		139		-		375		-
Total
Real estate - residential mortgage:
One to four family units	$	1,185	$	2	$	1,081	$	1
Multi-family		-		-		-		-
Real estate - construction		2,754		-		3,978		-
Real estate - commercial		-		-		820		-
Commercial loans		953		-		4,985		98
Consumer and other loans		152		-		375		-
Total	$	5,044	$	2	$	11,239	$	99

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	June 30,		December 31,
	2015		2014
Real estate - residential mortgage:
One to four family units	$	220,087	$	505,047
Multi-family		-		-
Real estate - construction		2,683,792		2,892,772
Real estate - commercial		-		459,823
Commercial loans		719,108		799,572
Consumer and other loans		-		-
Total	$	3,622,987	$	4,657,214

Financing Receivable Credit Quality Indicators [Table Text Block]

June 30, 2015	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	25,735	$	218,931	$	88,399	$	39,414	$	79,300	$	21,491	$	473,270
Special Mention		6,949		3,900		5,225		579		3,595		-		20,248
Substandard		2,684		5,965		2,279		-		6,209		332		17,469
Doubtful		-		-		-		-		604		-		604
Total	$	35,368	$	228,796	$	95,903	$	39,993	$	89,708	$	21,823	$	511,591

December 31, 2014	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