XML 31 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 4 - Loans and Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2018
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
   
March 31,
    
December 31,
  
   
2018
    
2017
  
Real estate - residential mortgage:
                
One to four family units
   $
105,840,035
     $
106,300,790
  
Multi-family
    
81,982,799
      
85,225,074
  
Real estate - construction
    
81,228,819
      
64,743,582
  
Real estate - commercial
    
254,715,822
      
261,866,285
  
Commercial loans
    
97,830,737
      
94,522,840
  
Consumer and other loans
    
24,107,835
      
24,716,447
  
Total loans
    
645,706,047
      
637,375,018
  
Less:
                
Allowance for loan losses
    
(7,102,712
 )    
(7,107,418
 )
Deferred loan fees/costs, net
    
(645,549
 )    
(662,591
 )
Net loans
   $
637,957,786
     $
629,605,009
  
Past Due Financing Receivables [Table Text Block]
As of March 31, 2018
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
   
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
   $
374
     $
63
     $
2,090
     $
2,527
     $
103,313
     $
105,840
     $
-
  
Multi-family
    
-
      
-
      
-
      
-
      
81,983
      
81,983
      
-
  
Real estate - construction
    
-
      
-
      
-
      
-
      
81,229
      
81,229
      
-
  
Real estate - commercial
    
90
      
-
      
-
      
90
      
254,626
      
254,716
      
-
  
Commercial loans
    
306
      
-
      
75
      
381
      
97,449
      
97,830
      
-
  
Consumer and other loans
    
102
      
-
      
-
      
102
      
24,006
      
24,108
      
-
  
Total
   $
872
     $
63
     $
2,165
     $
3,100
     $
642,606
     $
645,706
     $
-
  
As of December 31, 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
   $
510
     $
731
     $
2,495
     $
3,736
     $
102,565
     $
106,301
     $
-
  
Multi-family
    
775
      
-
      
-
      
775
      
84,450
      
85,225
      
-
  
Real estate - construction
    
-
      
-
      
-
      
-
      
64,744
      
64,744
      
-
  
Real estate - commercial
    
243
      
135
      
-
      
378
      
261,488
      
261,866
      
-
  
Commercial loans
    
276
      
-
      
588
      
864
      
93,659
      
94,523
      
-
  
Consumer and other loans
    
8
      
8
      
-
      
16
      
24,700
      
24,716
      
-
  
Total
   $
1,812
     $
874
     $
3,083
     $
5,769
     $
631,606
     $
637,375
     $
-
  
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
   
March 31,
    
December 31,
  
   
2018
    
2017
  
Real estate - residential mortgage:
                
One to four family units
   $
4,258,645
     $
4,423,074
  
Multi-family
    
-
      
-
  
Real estate - construction
    
4,354,409
      
4,452,409
  
Real estate - commercial
    
161,491
      
161,491
  
Commercial loans
    
655,581
      
802,628
  
Consumer and other loans
    
-
      
121,915
  
Total
   $
9,430,126
     $
9,961,517
  
Allowance for Credit Losses on Financing Receivables [Table Text Block]
March 31, 2018
  
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
   $
2,244
     $
1,789
     $
946
     $
464
     $
1,031
     $
454
     $
179
     $
7,107
  
Provision charged to expense
    
(40
 )    
87
      
167
      
23
      
20
      
(8
 )    
(24
 )   $
225
  
Losses charged off
    
-
      
-
      
-
      
-
      
(96
 )    
(168
 )    
-
     $
(264
 )
Recoveries
    
19
      
-
      
-
      
-
      
3
      
13
      
-
     $
35
  
Balance, end of period
   $
2,223
     $
1,876
     $
1,113
     $
487
     $
958
     $
291
     $
155
     $
7,103
  
March 31, 2017
 
  
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
   $
1,377
     $
1,687
     $
856
     $
206
     $
1,168
     $
337
     $
111
     $
5,742
  
Provision charged to expense
    
(96
 )    
55
      
(33
 )    
67
      
(287
 )    
5
      
764
     $
475
  
Losses charged off
    
-
      
-
      
(11
 )    
-
      
-
      
(70
 )    
-
     $
(81
 )
Recoveries
    
18
      
-
      
6
      
-
      
2
      
10
      
-
     $
36
  
Balance, end of period
   $
1,299
     $
1,742
     $
818
     $
273
     $
883
     $
282
     $
875
     $
6,172
  
March 31, 2018
  
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
   $
741
     $
-
     $
302
     $
-
     $
219
     $
10
     $
-
     $
1,272
  
Ending balance: collectively
evaluated for impairment
   $
1,482
     $
1,876
     $
811
     $
487
     $
739
     $
281
     $
155
     $
5,831
  
Loans:
 
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Ending balance: individually
evaluated for impairment
   $
4,354
     $
161
     $
4,259
     $
762
     $
656
     $
81
     $
-
     $
10,273
  
Ending balance: collectively
evaluated for impairment
   $
76,875
     $
254,555
     $
101,581
     $
81,221
     $
97,174
     $
24,027
     $
-
     $
635,433
  
December 31, 2017
  
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
   $
738
     $
-
     $
127
     $
-
     $
246
     $
138
     $
-
     $
1,249
  
Ending balance: collectively
evaluated for impairment
   $
1,506
     $
1,789
     $
819
     $
464
     $
785
     $
316
     $
179
     $
5,858
  
Loans:
 
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Ending balance: individually
evaluated for impairment
   $
4,452
     $
161
     $
4,424
     $
775
     $
739
     $
276
     $
-
     $
10,827
  
Ending balance: collectively
evaluated for impairment
   $
60,292
     $
261,705
     $
101,877
     $
84,450
     $
93,784
     $
24,440
     $
-
     $
626,548
  
Impaired Financing Receivables [Table Text Block]
   
March 31, 2018
    
December 31, 2017
  
   
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
   $
1,778
     $
1,778
     $
-
     $
3,180
     $
3,180
     $
-
  
Multi-family
    
762
      
762
      
-
      
775
      
775
      
-
  
Real estate - construction
    
2,742
      
2,742
      
-
      
2,840
      
2,840
      
-
  
Real estate - commercial
    
161
      
161
      
-
      
161
      
161
      
-
  
Commercial loans
    
170
      
170
      
-
      
465
      
465
      
-
  
Consumer and other loans
    
-
      
-
      
-
      
3
      
3
      
-
  
Loans with a specific valuation allowance
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Real estate - residential mortgage:
                                                
One to four family units
   $
2,481
     $
2,481
     $
302
     $
1,244
     $
1,244
     $
127
  
Multi-family
    
-
      
-
      
-
      
-
      
-
      
-
  
Real estate - construction
    
1,612
      
2,845
      
741
      
1,612
      
2,845
      
738
  
Real estate - commercial
    
-
      
-
      
-
      
-
      
-
      
-
  
Commercial loans
    
486
      
486
      
219
      
274
      
274
      
246
  
Consumer and other loans
    
81
      
81
      
10
      
273
      
273
      
138
  
Total
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Real estate - residential mortgage:
                                                
One to four family units
   $
4,259
     $
4,259
     $
302
     $
4,424
     $
4,424
     $
127
  
Multi-family
    
762
      
762
      
-
      
775
      
775
      
-
  
Real estate - construction
    
4,354
      
5,587
      
741
      
4,452
      
5,685
      
738
  
Real estate - commercial
    
161
      
161
      
-
      
161
      
161
      
-
  
Commercial loans
    
656
      
656
      
219
      
739
      
739
      
246
  
Consumer and other loans
    
81
      
81
      
10
      
276
      
276
      
138
  
Total
   $
10,273
     $
11,506
     $
1,272
     $
10,827
     $
12,060
     $
1,249
  
   
For the Three Months Ended
    
For the Three Months Ended
  
   
March 31, 2018
    
March 31, 2017
  
   
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
   $
2,688
     $
-
     $
1,888
     $
-
  
Multi-family
    
765
      
5
      
-
      
-
  
Real estate - construction
    
2,775
      
-
      
2,990
      
-
  
Real estate - commercial
    
161
      
-
      
521
      
-
  
Commercial loans
    
349
      
-
      
601
      
-
  
Consumer and other loans
    
2
      
-
      
10
      
-
  
Loans with a specific valuation allowance
    
 
 
 
  
 
 
 
  
 
 
 
Real estate - residential mortgage:
                                
One to four family units
   $
1,607
     $
-
     $
41
     $
-
  
Multi-family
    
-
      
-
      
-
      
-
  
Real estate - construction
    
1,612
      
-
      
2,415
      
-
  
Real estate - commercial
    
-
      
-
      
-
      
-
  
Commercial loans
    
323
      
-
      
550
      
-
  
Consumer and other loans
    
181
      
-
      
87
      
-
  
Total
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Real estate - residential mortgage:
                                
One to four family units
   $
4,295
     $
-
     $
1,929
     $
-
  
Multi-family
    
765
      
5
      
-
      
-
  
Real estate - construction
    
4,387
      
-
      
5,405
      
-
  
Real estate - commercial
    
161
      
-
      
521
      
-
  
Commercial loans
    
672
      
-
      
1,151
      
-
  
Consumer and other loans
    
183
      
-
      
97
      
-
  
Total
   $
10,463
     $
5
     $
9,103
     $
-
  
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
   
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
    
-
      
-
      
-
  
Commercial loans
    
2
      
510,420
      
414,515
  
Consumer and other loans
    
-
      
-
      
-
  
Total
    
2
     $
510,420
     $
414,515
  
   
Interest Rate
    
Term
    
Combination
    
Total Modification
  
Real estate - residential mortgage:
                                
One to four family units
   $
-
     $
-
     $
-
     $
-
  
Multi-family
    
-
      
-
      
-
      
-
  
Real estate - construction
    
-
      
-
      
-
      
-
  
Real estate - commercial
    
-
      
-
      
-
      
-
  
Commercial loans
    
-
      
-
      
414,515
      
414,515
  
Consumer and other loans
    
-
      
-
      
-
      
-
  
Total
   $
-
     $
-
     $
414,515
     $
414,515
  
   
March 31, 2018
    
December 31, 2017
  
Real estate - residential mortgage:
                
One to four family units
   $
1,248,510
     $
1,290,462
  
Multi-family
    
-
      
-
  
Real estate - construction
    
4,354,410
      
4,452,409
  
Real estate - commercial
    
5,653,777
      
5,666,096
  
Commercial loans
    
580,301
      
214,529
  
Consumer and other loans
    
-
      
118,855
  
Total
   $
11,836,998
     $
11,742,351
  
Financing Receivable Credit Quality Indicators [Table Text Block]
March 31, 2018
  
Construction
    
Commercial
Real Estate
    
One to four family
    
Multi-family
    
Commercial
    
Consumer
and Other
    
Total
  
   
(In Thousands)
 
Rating:
                                                        
Pass
   $
76,778
     $
244,309
     $
97,103
     $
81,220
     $
96,355
     $
24,027
     $
619,792
  
Special Mention
    
-
      
6,573
      
3,133
      
-
      
296
      
-
      
10,002
  
Substandard
    
4,451
      
3,834
      
5,604
      
763
      
1,179
      
81
      
15,912
  
Doubtful
    
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total
   $
81,229
     $
254,716
     $
105,840
     $
81,983
     $
97,830
     $
24,108
     $
645,706
  
December 31, 2017
  
Construction
    
Commercial
Real Estate
    
One to four family
    
Multi-family
    
Commercial
    
Consumer
and Other
    
Total
  
   
(In Thousands)
 
Rating:
                                                        
Pass
   $
60,291
     $
254,658
     $
96,723
     $
84,450
     $
93,102
     $
24,440
     $
613,664
  
Special Mention
    
-
      
5,578
      
3,799
      
-
      
200
      
-
      
9,577
  
Substandard
    
4,453
      
1,630
      
5,779
      
775
      
708
      
276
      
13,621
  
Doubtful
    
-
      
-
      
-
      
-
      
513
      
-
      
513
  
Total
   $
64,744
     $
261,866
     $
106,301
     $
85,225
     $
94,523
     $
24,716
     $
637,375