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Note 4 - Loans and Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2017
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
   
June 30,
   
December 31,
 
   
2017
    
2016
  
Real estate - residential mortgage:
               
One to four family units
  $
106,372,711
    $
106,410,559
 
Multi-family
   
76,025,304
     
48,483,523
 
Real estate - construction
   
56,812,066
     
40,912,307
 
Real estate - commercial
   
263,215,296
     
249,580,873
 
Commercial loans
   
87,030,844
     
75,404,732
 
Consumer and other loans
   
25,858,453
     
23,606,306
 
Total loans
   
615,314,674
     
544,398,300
 
Less:
               
Allowance for loan losses
   
(6,640,164
 )    
(5,742,449
 )
Deferred loan fees/costs, net
   
(515,050
 )    
(382,211
 )
Net loans
  $
608,159,460
    $
538,273,640
 
Past Due Financing Receivables [Table Text Block]
As of June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
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
  $
1,153
    $
422
    $
193
    $
1,768
    $
104,605
    $
106,373
    $
-
 
Multi-family
   
351
     
-
     
-
     
351
     
75,674
     
76,025
     
-
 
Real estate - construction
  $
7,440
     
-
     
-
     
7,440
     
49,372
     
56,812
     
-
 
Real estate - commercial
   
161
     
-
     
666
     
827
     
262,388
     
263,215
     
-
 
Commercial loans
   
601
     
-
     
1,278
     
1,879
     
85,152
     
87,031
     
-
 
Consumer and other loans
   
-
     
-
     
7
     
7
     
25,852
     
25,859
     
-
 
Total
  $
9,706
    $
422
    $
2,144
    $
12,272
    $
603,043
    $
615,315
    $
-
 
As of December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
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
  $
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
    $
-
 
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
   
June 30,
   
December 31,
 
   
2017
    
2016
  
Real estate - residential mortgage:
               
One to four family units
  $
1,847,293
    $
2,060,180
 
Multi-family
   
-
     
-
 
Real estate - construction
   
5,364,771
     
5,446,896
 
Real estate - commercial
   
827,272
     
161,491
 
Commercial loans
   
1,670,686
     
925,281
 
Consumer and other loans
   
6,400
     
37,791
 
Total
  $
9,716,422
    $
8,631,639
 
Allowance for Credit Losses on Financing Receivables [Table Text Block]
Three months ended
June 30, 2017
  
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
  $
1,299
    $
1,742
    $
818
    $
273
    $
883
    $
282
    $
875
    $
6,172
 
Provision charged to expense
   
142
     
119
     
51
     
50
     
99
     
88
     
26
    $
575
 
Losses charged off
   
-
     
-
     
-
     
-
     
(85
 )    
(53
 )    
-
    $
(138
 )
Recoveries
   
21
     
-
     
2
     
-
     
2
     
6
     
-
    $
31
 
Balance, end of period
  $
1,462
    $
1,861
    $
871
    $
323
    $
899
    $
323
    $
901
    $
6,640
 
Six months ended
June 30, 2017
  
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
  $
1,377
    $
1,687
    $
856
    $
206
    $
1,168
    $
337
    $
111
    $
5,742
 
Provision charged to expense
   
46
     
174
     
18
     
117
     
(188
 )    
93
     
790
    $
1,050
 
Losses charged off
   
-
     
-
     
(11
 )    
-
     
(85
 )    
(123
 )    
-
    $
(219
 )
Recoveries
   
39
     
-
     
8
     
-
     
4
     
16
     
-
    $
67
 
Balance, end of period
  $
1,462
    $
1,861
    $
871
    $
323
    $
899
    $
323
    $
901
    $
6,640
 
Three months ended
June 30, 2016
  
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
  $
1,868
    $
1,486
    $
826
    $
159
    $
1,503
    $
270
    $
73
    $
6,185
 
Provision charged to expense
   
19
     
101
     
77
     
(2
 )    
21
     
5
     
154
    $
375
 
Losses charged off
   
(252
 )    
-
     
(47
 )    
-
     
(159
 )    
(45
 )    
-
    $
(503
 )
Recoveries
   
33
     
26
     
6
     
-
     
1
     
58
     
-
    $
124
 
Balance, end of period
  $
1,668
    $
1,613
    $
862
    $
157
    $
1,366
    $
288
    $
227
    $
6,181
 
Six months ended
June 30, 2016
  
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
  $
1,246
    $
1,526
    $
821
    $
177
    $
1,382
    $
223
    $
437
    $
5,812
 
Provision charged to expense
   
640
     
55
     
74
     
(20
 )    
142
     
69
     
(210
 )   $
750
 
Losses charged off
   
(252
 )    
-
     
(47
 )    
-
     
(159
 )    
(74
 )    
-
    $
(532
 )
Recoveries
   
34
     
32
     
14
     
-
     
1
     
70
     
-
    $
151
 
Balance, end of period
  $
1,668
    $
1,613
    $
862
    $
157
    $
1,366
    $
288
    $
227
    $
6,181
 
As of June 30, 2016
  
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
  $
277
    $
93
    $
65
    $
-
    $
327
    $
12
    $
-
    $
774
 
Ending balance: collectively
evaluated for impairment
  $
1,185
    $
1,768
    $
806
    $
323
    $
572
    $
311
    $
901
    $
5,866
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually
evaluated for impairment
  $
5,364
    $
328
    $
1,848
    $
-
    $
975
    $
64
    $
-
    $
8,579
 
Ending balance: collectively
evaluated for impairment
  $
51,448
    $
262,887
    $
104,525
    $
76,025
    $
86,056
    $
25,795
    $
-
    $
606,736
 
December 31, 2016
  
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
  $
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
 
Impaired Financing Receivables [Table Text Block]
   
June 30, 2017
    
December 31, 2016
  
   
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
   $
1,802
    $
1,802
    $
-
    $
2,006
    $
2,006
    $
-
 
Multi-family
    
-
     
-
     
-
     
-
     
-
     
-
 
Real estate - construction
    
2,967
     
2,967
     
-
     
3,017
     
3,017
     
-
 
Real estate - commercial
    
328
     
328
     
-
     
161
     
161
     
-
 
Commercial loans
    
540
     
540
     
-
     
622
     
622
     
-
 
Consumer and other loans
    
6
     
6
     
-
     
3
     
3
     
-
 
Loans with a specific valuation allowance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - residential mortgage:
                                                
One to four family units
   $
46
    $
46
    $
65
    $
54
    $
54
    $
14
 
Multi-family
    
-
     
-
     
-
     
-
     
-
     
-
 
Real estate - construction
    
2,397
     
3,630
     
277
     
2,430
     
3,663
     
302
 
Real estate - commercial
    
-
     
-
     
93
     
-
     
-
     
-
 
Commercial loans
    
435
     
936
     
327
     
303
     
755
     
241
 
Consumer and other loans
    
58
     
58
     
12
     
103
     
103
     
45
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - residential mortgage:
                                                
One to four family units
   $
1,848
    $
1,848
     
65
    $
2,060
    $
2,060
    $
14
 
Multi-family
    
-
     
-
     
-
     
-
     
-
     
-
 
Real estate - construction
    
5,364
     
6,597
     
277
     
5,447
     
6,680
     
302
 
Real estate - commercial
    
328
     
328
     
93
     
161
     
161
     
-
 
Commercial loans
    
975
     
1,476
     
327
     
925
     
1,377
     
241
 
Consumer and other loans
    
64
     
64
     
12
     
106
     
106
     
45
 
Total
   $
8,579
    $
10,313
    $
774
    $
8,699
    $
10,384
    $
602
 
   
For the Three Months Ended
    
For the Three Months Ended
  
   
June 30, 2017
    
June 30, 2016
  
   
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
   $
1,823
    $
-
    $
2,207
    $
-
 
Multi-family
    
-
     
-
     
-
     
-
 
Real estate - construction
    
2,966
     
-
     
5,662
     
-
 
Real estate - commercial
    
398
     
-
     
525
     
-
 
Commercial loans
    
564
     
-
     
872
     
-
 
Consumer and other loans
    
13
     
-
     
128
     
1
 
Loans with a specific valuation allowance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - residential mortgage:
                                
One to four family units
   $
46
    $
-
    $
9
    $
-
 
Multi-family
    
-
     
-
     
-
     
-
 
Real estate - construction
    
2,397
     
-
     
2,266
     
-
 
Real estate - commercial
    
-
     
-
     
-
     
-
 
Commercial loans
    
463
     
-
     
392
     
-
 
Consumer and other loans
    
71
     
-
     
120
     
-
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - residential mortgage:
                                
One to four family units
   $
1,869
    $
-
    $
2,216
    $
-
 
Multi-family
    
-
     
-
     
-
     
-
 
Real estate - construction
    
5,363
     
-
     
7,928
     
-
 
Real estate - commercial
    
398
     
-
     
525
     
-
 
Commercial loans
    
1,027
     
-
     
1,264
     
-
 
Consumer and other loans
    
84
     
-
     
248
     
1
 
Total
   $
8,741
    $
-
    $
12,181
    $
1
 
   
For the Six Months Ended
    
For the Six Months Ended
  
   
June 30, 2017
    
June 30, 2016
  
   
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
   $
1,856
    $
-
    $
2,223
    $
-
 
Multi-family
    
-
     
-
     
-
     
-
 
Real estate - construction
    
2,978
     
-
     
5,693
     
-
 
Real estate - commercial
    
460
     
-
     
863
     
-
 
Commercial loans
    
583
     
-
     
1,112
     
-
 
Consumer and other loans
    
11
     
-
     
78
     
1
 
Loans with a specific valuation allowance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - residential mortgage:
                                
One to four family units
   $
43
    $
-
    $
21
    $
-
 
Multi-family
    
-
     
-
     
-
     
-
 
Real estate - construction
    
2,406
     
-
     
2,308
     
-
 
Real estate - commercial
    
-
     
-
     
-
     
-
 
Commercial loans
    
507
     
-
     
545
     
-
 
Consumer and other loans
    
79
     
-
     
102
     
-
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - residential mortgage:
                                
One to four family units
   $
1,899
    $
-
    $
2,244
    $
-
 
Multi-family
    
-
     
-
     
-
     
-
 
Real estate - construction
    
5,384
     
-
     
8,001
     
-
 
Real estate - commercial
    
460
     
-
     
863
     
-
 
Commercial loans
    
1,090
     
-
     
1,657
     
-
 
Consumer and other loans
    
90
     
-
     
180
     
1
 
Total
   $
8,923
    $
-
    $
12,945
    $
1
 
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
   
June 30,
2017
    
December 31,
2016
  
Real estate - residential mortgage:
               
One to four family units
  $
1,345,609
    $
1,564,468
 
Multi-family
   
-
     
-
 
Real estate - construction
   
5,364,770
     
5,446,895
 
Real estate - commercial
   
5,736,849
     
5,736,849
 
Commercial loans
   
282,352
     
401,403
 
Consumer and other loans
   
-
     
-
 
Total
  $
12,729,580
    $
13,149,615
 
Financing Receivable Credit Quality Indicators [Table Text Block]
June 30, 2017
  
Construction
   
Commercial
Real Estate
   
One to four
family
   
Multi-family
   
Commercial
   
Consumer
and Other
   
Total
 
       
 
  
(In Thousands)
 
Rating:
                                                       
Pass
  $
51,447
    $
255,457
    $
100,349
    $
76,025
    $
83,654
    $
25,675
    $
592,607
 
Special Mention
   
-
     
5,916
     
2,803
     
-
     
1,715
     
-
     
10,434
 
Substandard
   
5,365
     
1,676
     
3,221
     
-
     
954
     
184
     
11,400
 
Doubtful
   
-
     
166
     
-
     
-
     
708
     
-
     
874
 
Total
  $
56,812
    $
263,215
    $
106,373
    $
76,025
    $
87,031
    $
25,859
    $
615,315
 
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