XML 34 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 5 - Loans and Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2018
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
   
June 30,
    
December 31,
  
   
2018
    
2017
  
Real estate - residential mortgage:
                
One to four family units
   $
135,439,026
     $
106,300,790
  
Multi-family
    
83,204,490
      
85,225,074
  
Real estate - construction
    
105,974,945
      
64,743,582
  
Real estate - commercial
    
300,325,513
      
261,866,285
  
Commercial loans
    
120,292,323
      
94,522,840
  
Consumer and other loans
    
35,579,723
      
24,716,447
  
Total loans
    
780,816,020
      
637,375,018
  
Less:
                
Allowance for loan losses
    
(7,572,510
 )    
(7,107,418
 )
Deferred loan fees/costs, net
    
(726,420
 )    
(662,591
 )
Net loans
   $
772,517,090
     $
629,605,009
  
Past Due Financing Receivables [Table Text Block]
As of June 30, 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
   $
191
     $
184
     $
2,180
     $
2,555
     $
132,884
     $
135,439
     $
-
  
Multi-family
    
6,015
      
-
      
-
      
6,015
      
77,189
      
83,204
      
-
  
Real estate - construction
    
517
      
-
      
-
      
517
      
105,458
      
105,975
      
-
  
Real estate - commercial
    
-
      
533
      
-
      
533
      
299,793
      
300,326
      
-
  
Commercial loans
    
687
      
96
      
763
      
1,546
      
118,746
      
120,292
      
-
  
Consumer and other loans
    
47
      
31
      
50
      
128
      
35,452
      
35,580
      
-
  
Total
   $
7,457
     $
844
     $
2,993
     $
11,294
     $
769,522
     $
780,816
     $
-
  
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]
   
June 30,
    
December 31,
  
   
2018
    
2017
  
Real estate - residential mortgage:
                
One to four family units
   $
4,329,527
     $
4,423,074
  
Multi-family
    
-
      
-
  
Real estate - construction
    
4,270,409
      
4,452,409
  
Real estate - commercial
    
1,551,563
      
161,491
  
Commercial loans
    
1,707,342
      
802,628
  
Consumer and other loans
    
49,726
      
121,915
  
Total
   $
11,908,567
     $
9,961,517
  
Allowance for Credit Losses on Financing Receivables [Table Text Block]
Three months ended June 30, 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
   $
2,223
     $
1,876
     $
1,113
     $
487
     $
958
     $
291
     $
155
     $
7,103
  
Provision charged to expense
    
248
      
(90
 )    
123
      
66
      
122
      
126
      
(95
 )   $
500
  
Losses charged off
    
-
      
-
      
-
      
-
      
-
      
(59
 )    
-
     $
(59
 )
Recoveries
    
13
      
1
      
1
      
-
      
5
      
9
      
-
     $
29
  
Balance, end of period
   $
2,484
     $
1,787
     $
1,237
     $
553
     $
1,085
     $
367
     $
60
     $
7,573
  
Six months ended June 30, 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
    
208
      
(3
 )    
290
      
89
      
142
      
118
      
(119
 )   $
725
  
Losses charged off
    
-
      
-
      
-
      
-
      
(96
 )    
(226
 )    
-
     $
(322
 )
Recoveries
    
32
      
1
      
1
      
-
      
8
      
21
      
-
     $
63
  
Balance, end of period
   $
2,484
     $
1,787
     $
1,237
     $
553
     $
1,085
     $
367
     $
60
     $
7,573
  
Three months ended June 30, 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
   $
1,643
     $
1,742
     $
825
     $
273
     $
1,354
     $
293
     $
42
     $
6,172
  
Provision charged to expense
    
75
      
212
      
109
      
50
      
(45
 )    
89
      
85
     $
575
  
Losses charged off
    
-
      
-
      
-
      
-
      
(85
 )    
(53
 )    
-
     $
(138
 )
Recoveries
    
21
      
-
      
2
      
-
      
2
      
6
      
-
     $
31
  
Balance, end of period
   $
1,739
     $
1,954
     $
936
     $
323
     $
1,226
     $
335
     $
127
     $
6,640
  
Six months ended June 30, 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
    
323
      
267
      
83
      
117
      
139
      
105
      
16
     $
1,050
  
Losses charged off
    
-
      
-
      
(11
 )    
-
      
(85
 )    
(123
 )    
-
     $
(219
 )
Recoveries
    
39
      
-
      
8
      
-
      
4
      
16
      
-
     $
67
  
Balance, end of period
   $
1,739
     $
1,954
     $
936
     $
323
     $
1,226
     $
335
     $
127
     $
6,640
  
As of June 30, 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
   $
738
     $
-
     $
322
     $
-
     $
213
     $
14
     $
-
     $
1,287
  
Ending balance: collectively evaluated for impairment
   $
1,746
     $
1,787
     $
915
     $
553
     $
872
     $
353
     $
60
     $
6,286
  
Ending balance: loans acquired with deteriorated credit quality
   $
-
     $
-
     $
-
     $
-
     $
-
     $
-
     $
-
     $
-
  
Loans:
 
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Ending balance: individually evaluated for impairment
   $
4,298
     $
161
     $
4,396
     $
-
     $
574
     $
89
     $
-
     $
9,518
  
Ending balance: collectively evaluated for impairment
   $
101,677
     $
295,782
     $
131,043
     $
83,204
     $
118,337
     $
35,290
     $
-
     $
765,333
  
Ending balance: loans acquired with deteriorated credit quality
   $
-
     $
4,383
     $
-
     $
-
     $
1,381
     $
201
     $
-
     $
5,965
  
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]
   
June 30, 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
   $
2,129
     $
2,129
     $
-
     $
3,180
     $
3,180
     $
-
  
Multi-family
    
-
      
-
      
-
      
775
      
775
      
-
  
Real estate - construction
    
2,686
      
2,686
      
-
      
2,840
      
2,840
      
-
  
Real estate - commercial
    
4,544
      
4,544
      
-
      
161
      
161
      
-
  
Commercial loans
    
1,542
      
1,542
      
-
      
465
      
465
      
-
  
Consumer and other loans
    
201
      
201
      
-
      
3
      
3
      
-
  
Loans with a specific valuation allowance
                                                
Real estate - residential mortgage:
                                                
One to four family units
   $
2,267
     $
2,267
     $
322
     $
1,244
     $
1,244
     $
127
  
Multi-family
    
-
      
-
      
-
      
-
      
-
      
-
  
Real estate - construction
    
1,612
      
2,845
      
738
      
1,612
      
2,845
      
738
  
Real estate - commercial
    
-
      
-
      
-
      
-
      
-
      
-
  
Commercial loans
    
413
      
413
      
213
      
274
      
274
      
246
  
Consumer and other loans
    
89
      
89
      
14
      
273
      
273
      
138
  
Total
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Real estate - residential mortgage:
                                                
One to four family units
   $
4,396
     $
4,396
     $
322
     $
4,424
     $
4,424
     $
127
  
Multi-family
    
-
      
-
      
-
      
775
      
775
      
-
  
Real estate - construction
    
4,298
      
5,531
      
738
      
4,452
      
5,685
      
738
  
Real estate - commercial
    
4,544
      
4,544
      
-
      
161
      
161
      
-
  
Commercial loans
    
1,955
      
1,955
      
213
      
739
      
739
      
246
  
Consumer and other loans
    
290
      
290
      
14
      
276
      
276
      
138
  
Total
   $
15,483
     $
16,716
     $
1,287
     $
10,827
     $
12,060
     $
1,249
  
   
For the Six Months Ended
    
For the Six Months Ended
  
   
June 30, 2018
    
June 30, 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
   $
1,961
     $
-
     $
1,856
     $
-
  
Multi-family
    
509
      
-
      
-
      
-
  
Real estate - construction
    
2,287
      
-
      
2,978
      
-
  
Real estate - commercial
    
2,326
      
46
      
460
      
-
  
Commercial loans
    
916
      
-
      
583
      
-
  
Consumer and other loans
    
9
      
-
      
11
      
-
  
Loans with a specific valuation allowance
                                
Real estate - residential mortgage:
                                
One to four family units
   $
2,353
     $
-
     $
43
     $
-
  
Multi-family
    
-
      
-
      
-
      
-
  
Real estate - construction
    
2,055
      
-
      
2,406
      
-
  
Real estate - commercial
    
27
      
-
      
-
      
-
  
Commercial loans
    
403
      
-
      
507
      
-
  
Consumer and other loans
    
132
      
-
      
79
      
-
  
Total
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Real estate - residential mortgage:
                                
One to four family units
   $
4,314
     $
-
     $
1,899
     $
-
  
Multi-family
    
509
      
-
      
-
      
-
  
Real estate - construction
    
4,342
      
-
      
5,384
      
-
  
Real estate - commercial
    
2,353
      
46
      
460
      
-
  
Commercial loans
    
1,319
      
-
      
1,090
      
-
  
Consumer and other loans
    
141
      
-
      
90
      
-
  
Total
   $
12,978
     $
46
     $
8,923
     $
-
  
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
   
June 30, 2018
    
December 31, 2017
  
Real estate - residential mortgage:
                
One to four family units
   $
1,234,651
     $
1,290,462
  
Multi-family
    
-
      
-
  
Real estate - construction
    
4,298,409
      
4,452,409
  
Real estate - commercial
    
5,637,357
      
5,666,096
  
Commercial loans
    
562,138
      
214,529
  
Consumer and other loans
    
-
      
118,855
  
Total
   $
11,732,555
     $
11,742,351
  
Financing Receivable Credit Quality Indicators [Table Text Block]
June 30, 2018
  
Construction
    
Commercial
Real Estate
    
One to four family
    
Multi-family
    
Commercial
    
Consumer
and Other
    
Total
  
   
(In Thousands)
 
Rating:
                                                        
Pass
   $
101,580
     $
285,604
     $
127,604
     $
83,204
     $
117,553
     $
35,240
     $
750,785
  
Special Mention
    
-
      
6,545
      
2,217
      
-
      
294
      
-
      
9,056
  
Substandard
    
4,395
      
8,177
      
5,618
      
-
      
2,445
      
340
      
20,975
  
Doubtful
    
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total
   $
105,975
     $
300,326
     $
135,439
     $
83,204
     $
120,292
     $
35,580
     $
780,816
  
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