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Note 3 - Loans and Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2016
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
   
December 31,
 
   
2016
    
2015
  
Real estate - residential mortgage:
               
One to four family units
  $
106,410,559
    $
98,257,417
 
Multi-family
   
48,483,523
     
41,603,670
 
Real estate - construction
   
40,912,307
     
45,462,895
 
Real estate - commercial
   
249,580,873
     
208,824,573
 
Commercial loans
   
75,404,732
     
81,006,897
 
Consumer and other loans
   
23,606,306
     
21,991,881
 
Total loans
   
544,398,300
     
497,147,333
 
Less:
               
Allowance for loan losses
   
(5,742,449
 )    
(5,811,940
 )
Deferred loan fees/costs, net
   
(382,211
 )    
(333,486
 )
Net loans
  $
538,273,640
    $
491,001,907
 
Past Due Financing Receivables [Table Text Block]
As of December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
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
  $
367
    $
495
    $
103
    $
965
    $
105,446
    $
106,411
    $
-
 
Multi-family
   
-
     
-
     
-
     
-
     
48,483
     
48,483
     
-
 
Real estate - construction
   
-
     
-
     
-
     
-
     
40,912
     
40,912
     
-
 
Real estate - commercial
   
-
     
-
     
-
     
-
     
249,581
     
249,581
     
-
 
Commercial loans
   
-
     
-
     
593
     
593
     
74,812
     
75,405
     
-
 
Consumer and other loans
   
-
     
-
     
38
     
38
     
23,568
     
23,606
     
-
 
Total
  $
367
    $
495
    $
734
    $
1,596
    $
542,802
    $
544,398
    $
-
 
As of December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
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
  $
-
    $
168
    $
105
    $
273
    $
97,984
    $
98,257
    $
-
 
Multi-family
   
-
     
-
     
-
     
-
     
41,604
     
41,604
     
-
 
Real estate - construction
   
-
     
-
     
-
     
-
     
45,463
     
45,463
     
-
 
Real estate - commercial
   
-
     
-
     
1,079
     
1,079
     
207,745
     
208,824
     
-
 
Commercial loans
   
88
     
-
     
1,239
     
1,327
     
79,680
     
81,007
     
-
 
Consumer and other loans
   
2
     
8
     
-
     
10
     
21,982
     
21,992
     
-
 
Total
  $
90
    $
176
    $
2,423
    $
2,689
    $
494,458
    $
497,147
    $
-
 
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
   
December 31,
 
   
2016
    
2015
  
Real estate - residential mortgage:
               
One to four family units
  $
2,060,180
    $
2,272,535
 
Multi-family
   
-
     
-
 
Real estate - construction
   
5,446,896
     
8,079,807
 
Real estate - commercial
   
161,491
     
1,240,909
 
Commercial loans
   
925,281
     
2,149,333
 
Consumer and other loans
   
37,791
     
12,891
 
Total
  $
8,631,639
    $
13,755,475
 
Allowance for Credit Losses on Financing Receivables [Table Text Block]
As of December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
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 year
  $
1,246
    $
1,526
    $
821
    $
177
    $
1,382
    $
223
    $
437
    $
5,812
 
Provision charged to expense
   
1,262
     
198
     
48
     
29
     
(51
 )    
215
     
(326
 )   $
1,375
 
Losses charged off
   
(1,222
 )    
(69
 )    
(47
 )    
-
     
(171
 )    
(190
 )    
-
    $
(1,699
 )
Recoveries
   
91
     
32
     
34
     
-
     
8
     
89
     
-
    $
254
 
Balance, end of year
  $
1,377
    $
1,687
    $
856
    $
206
    $
1,168
    $
337
    $
111
    $
5,742
 
Ending balance: individually
evaluated for impairment
  $
302
    $
-
    $
14
    $
-
    $
241
    $
45
    $
-
    $
602
 
Ending balance: collectively
evaluated for impairment
  $
1,075
    $
1,687
    $
842
    $
206
    $
927
    $
292
    $
111
    $
5,140
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually
evaluated for impairment
  $
5,447
    $
161
    $
2,060
    $
-
    $
925
    $
106
    $
-
    $
8,699
 
Ending balance: collectively
evaluated for impairment
  $
35,465
    $
249,420
    $
104,351
    $
48,483
    $
74,480
    $
23,500
    $
-
    $
535,699
 
As of December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
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 year
  $
1,330
    $
1,992
    $
900
    $
127
    $
1,954
    $
185
    $
101
    $
6,589
 
Provision charged to expense
   
1,139
     
(466
 )    
-
     
50
     
(576
 )    
117
     
336
    $
600
 
Losses charged off
   
(1,233
 )    
-
     
(99
 )    
-
     
-
     
(119
 )    
-
    $
(1,451
 )
Recoveries
   
10
     
-
     
20
     
-
     
4
     
40
     
-
    $
74
 
Balance, end of year
  $
1,246
    $
1,526
    $
821
    $
177
    $
1,382
    $
223
    $
437
    $
5,812
 
Ending balance: individually
evaluated for impairment
  $
540
    $
-
    $
-
    $
-
    $
312
    $
13
    $
-
    $
865
 
Ending balance: collectively
evaluated for impairment
  $
706
    $
1,526
    $
821
    $
177
    $
1,070
    $
210
    $
437
    $
4,947
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually
evaluated for impairment
  $
8,080
    $
1,241
    $
2,272
    $
-
    $
2,149
    $
988
    $
-
    $
14,730
 
Ending balance: collectively
evaluated for impairment
  $
37,383
    $
207,583
    $
95,985
    $
41,604
    $
78,858
    $
21,004
    $
-
    $
482,417
 
As of December 31, 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 year
  $
2,387
    $
2,059
    $
997
    $
209
    $
1,519
    $
272
    $
359
    $
7,802
 
Provision charged to expense
   
(651
 )    
(157
 )    
21
     
(82
 )    
2,388
     
14
     
(258
 )   $
1,275
 
Losses charged off
   
(411
 )    
(9
 )    
(127
 )    
-
     
(2,018
 )    
(150
 )    
-
    $
(2,715
 )
Recoveries
   
5
     
99
     
9
     
-
     
65
     
49
     
-
    $
227
 
Balance, end of year
  $
1,330
    $
1,992
    $
900
    $
127
    $
1,954
    $
185
    $
101
    $
6,589
 
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]
As of December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
Recorded
Balance
   
Unpaid
Principal
Balance
   
Specific
Allowance
   
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
  $
2,006
    $
2,006
    $
-
    $
2,165
    $
-
 
Multi-family
   
-
     
-
     
-
     
-
     
-
 
Real estate - construction
   
3,017
     
3,017
     
-
     
5,427
     
-
 
Real estate - commercial
   
161
     
161
     
-
     
540
     
-
 
Commercial loans
   
622
     
622
     
-
     
868
     
-
 
Consumer and other loans
   
3
     
3
     
-
     
90
     
2
 
Loans with a specific valuation allowance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - residential mortgage:
                                       
One to four family units
  $
54
    $
54
    $
14
    $
27
    $
-
 
Multi-family
   
-
     
-
     
-
     
-
     
-
 
Real estate - construction
   
2,430
     
3,663
     
302
     
2,195
     
-
 
Real estate - commercial
   
-
     
-
     
-
     
139
     
-
 
Commercial loans
   
303
     
755
     
241
     
447
     
-
 
Consumer and other loans
   
103
     
103
     
45
     
112
     
-
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - residential mortgage:
                                       
One to four family units
  $
2,060
    $
2,060
    $
14
    $
2,192
    $
-
 
Multi-family
   
-
     
-
     
-
     
-
     
-
 
Real estate - construction
   
5,447
     
6,680
     
302
     
7,622
     
-
 
Real estate - commercial
   
161
     
161
     
-
     
679
     
-
 
Commercial loans
   
925
     
1,377
     
241
     
1,315
     
-
 
Consumer and other loans
   
106
     
106
     
45
     
202
     
2
 
Total
  $
8,699
    $
10,384
    $
602
    $
12,010
    $
2
 
As of December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
Recorded
Balance
   
Unpaid
Principal
Balance
   
Specific
Allowance
   
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
  $
2,272
    $
2,272
    $
-
    $
1,270
    $
3
 
Multi-family
   
-
     
-
     
-
     
-
     
-
 
Real estate - construction
   
5,730
     
5,730
     
-
     
1,636
     
-
 
Real estate - commercial
   
1,241
     
1,241
     
-
     
234
     
-
 
Commercial loans
   
1,538
     
1,538
     
-
     
665
     
-
 
Consumer and other loans
   
904
     
904
     
-
     
88
     
1
 
Loans with a specific valuation allowance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - residential mortgage:
                                       
One to four family units
  $
-
    $
-
    $
-
    $
228
    $
-
 
Multi-family
   
-
     
-
     
-
     
-
     
-
 
Real estate - construction
   
2,350
     
4,838
     
540
     
3,255
     
-
 
Real estate - commercial
   
-
     
-
     
-
     
-
     
-
 
Commercial loans
   
611
     
914
     
312
     
616
     
-
 
Consumer and other loans
   
84
     
84
     
13
     
118
     
-
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - residential mortgage:
                                       
One to four family units
  $
2,272
    $
2,272
    $
-
    $
1,498
    $
3
 
Multi-family
   
-
     
-
     
-
     
-
     
-
 
Real estate - construction
   
8,080
     
10,568
     
540
     
4,891
     
-
 
Real estate - commercial
   
1,241
     
1,241
     
-
     
234
     
-
 
Commercial loans
   
2,149
     
2,452
     
312
     
1,281
     
-
 
Consumer and other loans
   
988
     
988
     
13
     
206
     
1
 
Total
  $
14,730
    $
17,521
    $
865
    $
8,110
    $
4
 
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
   
2016
  
   
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
   
-
     
-
     
-
 
Real estate - commercial
   
1
     
5,575,358
     
5,575,358
 
Commercial loans
   
1
     
165,831
     
165,831
 
Consumer and other loans
   
-
     
-
     
-
 
Total
   
2
    $
5,741,189
    $
5,741,189
 
   
2015
  
   
Number
of Loans
   
Pre-Modification
Outstanding
Recorded Balance
   
Post-Modification
Outstanding
Recorded Balance
 
Real estate - residential mortgage:
                       
One to four family units
   
7
    $
1,345,358
    $
1,345,358
 
Multi-family
   
-
     
-
     
-
 
Real estate - construction
   
5
     
6,889,044
     
5,655,969
 
Real estate - commercial
   
1
     
161,491
     
161,491
 
Commercial loans
   
3
     
750,849
     
771,557
 
Consumer and other loans
   
-
     
-
     
-
 
Total
   
16
    $
9,146,742
    $
7,934,375
  
Financing Receivable Credit Quality Indicators [Table Text Block]
As of December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
Construction
   
Commercial
Real Estate
   
One to four family
   
Multi-family
   
Commercial
   
Consumer
and Other
   
Total
 
 
  
(In Thousands)
 
Rating:
                                                       
Pass
  $
35,465
    $
242,200
    $
100,367
    $
48,483
    $
69,093
    $
23,380
    $
518,988
 
Special Mention
   
-
     
5,922
     
2,591
     
-
     
4,503
     
-
     
13,016
 
Substandard
   
5,447
     
1,459
     
3,453
     
-
     
1,225
     
226
     
11,810
 
Doubtful
   
-
     
-
     
-
     
-
     
584
     
-
     
584
 
Total
  $
40,912
    $
249,581
    $
106,411
    $
48,483
    $
75,405
    $
23,606
    $
544,398
 
As of December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
Construction
   
Commercial
Real Estate
   
One to four family
   
Multi-family
   
Commercial
   
Consumer
and Other
   
Total
 
 
  
(In Thousands)
 
Rating:
                                                       
Pass
  $
37,383
    $
198,230
    $
91,267
    $
41,604
    $
73,407
    $
21,775
    $
463,666
 
Special Mention
   
-
     
3,657
     
3,319
     
-
     
2,267
     
-
     
9,243
 
Substandard
   
8,080
     
6,937
     
3,671
     
-
     
4,730
     
217
     
23,635
 
Doubtful
   
-
     
-
     
-
     
-
     
603
     
-
     
603
 
Total
  $
45,463
    $
208,824
    $
98,257
    $
41,604
    $
81,007
    $
21,992
    $
497,147
 
Modification Type [Member]  
Notes Tables  
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
   
2016
  
   
Interest Rate
   
Term
   
Combination
   
Total Modification
 
Real estate - residential mortgage:
                               
One to four family units
  $
-
    $
-
    $
-
    $
-
 
Multi-family
   
-
     
-
     
-
     
-
 
Real estate - construction
   
-
     
-
     
-
     
-
 
Real estate - commercial
   
-
     
-
     
5,575,358
     
5,575,358
 
Commercial loans
   
-
     
165,831
     
-
     
165,831
 
Consumer and other loans
   
-
     
-
     
-
     
-
 
Total
  $
-
    $
165,831
    $
5,575,358
    $
5,741,189
 
   
2015
  
   
Interest Rate
   
Term
   
Combination
   
Total Modification
 
Real estate - residential mortgage:
                               
One to four family units
  $
-
    $
-
    $
1,345,358
    $
1,345,358
 
Multi-family
   
-
     
-
     
-
     
-
 
Real estate - construction
   
-
     
-
     
5,655,969
     
5,655,969
 
Real estate - commercial
   
-
     
-
     
161,491
     
161,491
 
Commercial loans
   
-
     
310,500
     
461,057
     
771,557
 
Consumer and other loans
   
-
     
-
     
-
     
-
 
Total
  $
-
    $
310,500
    $
7,623,875
    $
7,934,375