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Note 5 - Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2019

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

	September 30,			December 31,
	2019			2018
Real estate - residential mortgage:
One to four family units	$	121,690,131		$	132,410,810
Multi-family		93,628,789			90,548,265
Real estate - construction		88,175,253			88,553,995
Real estate - commercial		308,270,953			322,921,323
Commercial loans		108,738,413			119,369,484
Consumer and other loans		31,721,831			33,091,017
Total loans		752,225,370			786,894,894
Less:
Allowance for loan losses		(7,557,311	)		(7,995,569	)
Deferred loan fees/costs, net		(645,203	)		(600,719	)
Net loans	$	744,022,856		$	778,298,606

Financing Receivable, Past Due [Table Text Block]

As of September 30, 2019
	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	$	290	$	246	$	157	$	693	$	120,997	$	121,690	$	-
Multi-family		5,930		-		-		5,930		87,699		93,629		-
Real estate - construction		581		-		-		581		87,594		88,175		-
Real estate - commercial		853		-		-		853		307,418		308,271		-
Commercial loans		186		5		-		191		108,547		108,738		-
Consumer and other loans		-		18		-		18		31,704		31,722		-
Total	$	7,840	$	269	$	157	$	8,266	$	743,959	$	752,225	$	-

As of December 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	$	177	$	329	$	2,164	$	2,670	$	129,741	$	132,411	$	-
Multi-family		5,952		-		-		5,952		84,596		90,548		-
Real estate - construction		-		-		-		-		88,554		88,554		-
Real estate - commercial		1,000		81		-		1,081		321,840		322,921		-
Commercial loans		228		433		71		732		118,638		119,370		-
Consumer and other loans		107		12		-		119		32,972		33,091		-
Total	$	7,464	$	855	$	2,235	$	10,554	$	776,341	$	786,895	$	-

Financing Receivable, Nonaccrual [Table Text Block]

	September 30,		December 31,
	2019		2018
Real estate - residential mortgage:
One to four family units	$	2,166,284	$	4,136,342
Multi-family		-		-
Real estate - construction		3,815,409		4,088,409
Real estate - commercial		2,956,289		3,592,476
Commercial loans		768,846		1,262,910
Consumer and other loans		73,189		1,542
Total	$	9,780,017	$	13,081,679

Financing Receivable, Allowance for Credit Loss [Table Text Block]

Three months ended September 30, 2019	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	$	2,169		$	2,188		$	948	$	673	$	1,236		$	397		$	60	$	7,671
Provision charged to expense		(245	)		242			42		50		(125	)		99			37	$	100
Losses charged off		-			(122	)		-		-		(106	)		(85	)		-	$	(313	)
Recoveries		28			1			1		-		55			14			-	$	99
Balance, end of period	$	1,952		$	2,309		$	991	$	723	$	1,060		$	425		$	97	$	7,557

Nine months ended September 30, 2019	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	$	2,306		$	2,093		$	1,297		$	641	$	1,160		$	373		$	126		$	7,996
Provision charged to expense		(523	)		317			(41	)		82		175			219			(29	)	$	200
Losses charged off		-			(122	)		(271	)		-		(381	)		(199	)		-		$	(973	)
Recoveries		169			21			6			-		106			32			-		$	334
Balance, end of period	$	1,952		$	2,309		$	991		$	723	$	1,060		$	425		$	97		$	7,557

Three months ended September 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	$	2,484		$	1,787	$	1,237		$	553	$	1,085		$	367		$	60	$	7,573
Provision charged to expense		(219	)		158		96			97		(44	)		65			47	$	200
Losses charged off		-			-		(3	)		-		(14	)		(74	)		-	$	(91	)
Recoveries		36			-		1			-		4			9			-	$	50
Balance, end of period	$	2,301		$	1,945	$	1,331		$	650	$	1,031		$	367		$	107	$	7,732

Nine months ended September 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		(13	)		155		386			186		98			185			(72	)	$	925
Losses charged off		-			-		(3	)		-		(110	)		(301	)		-		$	(414	)
Recoveries		70			1		2			-		12			29			-		$	114
Balance, end of period	$	2,301		$	1,945	$	1,331		$	650	$	1,031		$	367		$	107		$	7,732

September 30, 2019	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	$	554	$	24	$	202	$	-	$	214	$	20	$	-	$	1,014
Ending balance: collectively evaluated for impairment	$	1,398	$	2,285	$	789	$	723	$	846	$	402	$	97	$	6,540
Ending balance: loans acquired with deteriorated credit quality	$	-	$	-	$	-	$	-	$	-	$	3	$	-	$	3
Loans:
Ending balance: individually evaluated for impairment	$	3,816	$	412	$	2,166	$	5,930	$	599	$	185	$	-	$	13,108
Ending balance: collectively evaluated for impairment	$	84,359	$	305,188	$	119,524	$	87,699	$	108,072	$	31,247	$	-	$	736,089
Ending balance: loans acquired with deteriorated credit quality	$	-	$	2,671	$	-	$	-	$	67	$	290	$	-	$	3,028

December 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	$	552	$	106	$	573	$	-	$	363	$	18	$	-	$	1,612
Ending balance: collectively evaluated for impairment	$	1,754	$	1,987	$	724	$	641	$	797	$	355	$	126	$	6,384
Ending balance: loans acquired with deteriorated credit quality	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Loans:
Ending balance: individually evaluated for impairment	$	4,088	$	1,588	$	4,520	$	5,952	$	1,062	$	169	$	-	$	17,379
Ending balance: collectively evaluated for impairment	$	84,507	$	317,488	$	128,258	$	84,663	$	118,459	$	32,968	$	-	$	766,343
Ending balance: loans acquired with deteriorated credit quality	$	-	$	2,782	$	-	$	-	$	216	$	175	$	-	$	3,173

Impaired Financing Receivables [Table Text Block]

	September 30, 2019						December 31, 2018
	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	$	943	$	943	$	-	$	2	$	2	$	-
Multi-family		5,930		5,930		-		5,952		5,952		-
Real estate - construction		-		-		-		-		-		-
Real estate - commercial		2,921		2,921		-		3,138		3,138		-
Commercial loans		25		25		-		216		216		-
Consumer and other loans		363		363		-		225		225		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	1,224	$	1,224	$	202	$	4,518	$	4,518	$	573
Multi-family		-		-		-		-		-		-
Real estate - construction		3,815		5,048		554		4,088		5,321		552
Real estate - commercial		162		162		24		1,232		1,317		106
Commercial loans		641		641		214		1,062		1,062		363
Consumer and other loans		112		112		23		119		119		18
Total
Real estate - residential mortgage:
One to four family units	$	2,167	$	2,167	$	202	$	4,520	$	4,520	$	573
Multi-family		5,930		5,930		-		5,952		5,952		-
Real estate - construction		3,815		5,048		554		4,088		5,321		552
Real estate - commercial		3,083		3,083		24		4,370		4,455		106
Commercial loans		666		666		214		1,278		1,278		363
Consumer and other loans		475		475		23		344		344		18
Total	$	16,136	$	17,369	$	1,017	$	20,552	$	21,870	$	1,612

	For the Nine Months Ended				For the Nine Months Ended
	September 30, 2019				September 30, 2018
	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	$	1,046	$	1	$	1,649	$	-
Multi-family		5,933		-		1,006		25
Real estate - construction		-		-		1,525		-
Real estate - commercial		3,353		4		2,383		46
Commercial loans		161		-		658		-
Consumer and other loans		268		-		37		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	1,970	$	-	$	2,671	$	-
Multi-family		-		-		666		-
Real estate - construction		3,866		-		2,774		-
Real estate - commercial		657		-		81		-
Commercial loans		702		-		457		-
Consumer and other loans		119		-		116		-
Total
Real estate - residential mortgage:
One to four family units	$	3,016	$	1	$	4,320	$	-
Multi-family		5,933		-		1,672		25
Real estate - construction		3,866		-		4,299		-
Real estate - commercial		4,010		4		2,464		46
Commercial loans		863		-		1,115		-
Consumer and other loans		387		-		153		-
Total	$	18,075	$	5	$	14,023	$	71

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	September 30, 2019		December 31, 2018
Real estate - residential mortgage:
One to four family units	$	1,175,382	$	1,208,596
Multi-family		-		-
Real estate - construction		3,815,409		4,088,409
Real estate - commercial		5,358,591		5,508,444
Commercial loans		599,030		504,481
Consumer and other loans		-		-
Total	$	10,948,412	$	11,309,930

Financing Receivable Credit Quality Indicators [Table Text Block]

September 30, 2019	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	84,275	$	297,358	$	118,700	$	87,699	$	103,864	$	30,560	$	722,456
Special Mention		-		6,699		553		-		2,427		-		9,679
Substandard		3,900		4,214		2,437		5,930		2,447		1,162		20,090
Doubtful		-		-		-		-		-		-		-
Total	$	88,175	$	308,271	$	121,690	$	93,629	$	108,738	$	31,722	$	752,225

December 31, 2018	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	84,375	$	310,486	$	126,586	$	84,596	$	114,525	$	32,686	$	753,254
Special Mention		-		5,524		372		-		3,031		-		8,927
Substandard		4,179		6,911		5,453		5,952		1,814		405		24,714
Doubtful		-		-		-		-		-		-		-
Total	$	88,554	$	322,921	$	132,411	$	90,548	$	119,370	$	33,091	$	786,895