XML 43 R39.htm IDEA: XBRL DOCUMENT v3.20.1
Note 4 - Loans and Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2019
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
   
December 31,
  
   
2019
    
2018
  
Real estate - residential mortgage:
                
One to four family units
   $
118,823,731
     $
132,410,810
  
Multi-family
    
87,448,418
      
90,548,265
  
Real estate - construction
    
77,308,551
      
88,553,995
  
Real estate - commercial
    
300,619,387
      
322,921,323
  
Commercial loans
    
114,047,753
      
119,369,484
  
Consumer and other loans
    
30,666,185
      
33,091,017
  
Total loans
    
728,914,025
      
786,894,894
  
Less:
                
Allowance for loan losses
    
(7,607,587
 )    
(7,995,569
 )
Deferred loan fees/costs, net
    
(574,036
 )    
(600,719
 )
Net loans
   $
720,732,402
     $
778,298,606
  
Financing Receivable, Past Due [Table Text Block]
As of December 31, 2019
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
   
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
   $
83
     $
437
     $
125
     $
645
     $
118,179
     $
118,824
     $
-
  
Multi-family
    
-
      
-
      
-
      
-
      
87,448
      
87,448
      
-
  
Real estate - construction
    
338
      
-
      
-
      
338
      
76,971
      
77,309
      
-
  
Real estate - commercial
    
-
      
-
      
43
      
43
      
300,576
      
300,619
      
-
  
Commercial loans
    
134
      
105
      
17
      
256
      
113,792
      
114,048
      
-
  
Consumer and other loans
    
48
      
26
      
-
      
74
      
30,592
      
30,666
      
-
  
Total
   $
603
     $
568
     $
185
     $
1,356
     $
727,558
     $
728,914
     $
-
  
As of December 31, 2018
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
   
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
   $
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]
   
December 31,
  
   
2019
    
2018
  
Real estate - residential mortgage:
      
 
  
One to four family units
   $
2,398,379
     $
4,136,342
  
Multi-family
    
-
      
-
  
Real estate - construction
    
3,738,410
      
4,088,409
  
Real estate - commercial
    
2,941,143
      
3,592,476
  
Commercial loans
    
855,761
      
1,262,910
  
Consumer and other loans
    
69,784
      
1,542
  
Total
   $
10,003,477
     $
13,081,679
  
Financing Receivable, Allowance for Credit Loss [Table Text Block]
As of December 31, 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 year
   $
2,306
     $
2,093
     $
1,297
     $
641
     $
1,160
     $
373
     $
126
     $
7,996
  
Provision charged to expense
    
(809
 )    
265
      
(32
 )    
105
      
225
      
299
      
147
     $
200
  
Losses charged off
    
-
      
(122
 )    
(272
 )    
-
      
(381
 )    
(280
 )    
-
     $
(1,055
 )
Recoveries
    
252
      
31
      
8
      
-
      
125
      
51
      
-
     $
467
  
Balance, end of year
   $
1,749
     $
2,267
     $
1,001
     $
746
     $
1,129
     $
443
     $
273
     $
7,608
  
Ending balance: individually evaluated for impairment
   $
553
     $
24
     $
197
     $
-
     $
299
     $
21
     $
-
     $
1,094
  
Ending balance: collectively evaluated for impairment
   $
1,196
     $
2,243
     $
804
     $
746
     $
830
     $
422
     $
273
     $
6,514
  
Ending balance: loans acquired with deteriorated credit quality
   $
-
     $
-
     $
-
     $
-
     $
-
     $
-
     $
-
     $
-
  
Loans:
 
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Ending balance: individually evaluated for impairment
   $
4,742
     $
650
     $
2,613
     $
-
     $
908
     $
220
     $
-
     $
9,133
  
Ending balance: collectively evaluated for impairment
   $
72,567
     $
297,318
     $
116,211
     $
87,448
     $
112,956
     $
30,446
     $
-
     $
716,946
  
Ending balance: loans acquired with deteriorated credit quality
   $
-
     $
2,651
     $
-
     $
-
     $
184
     $
-
     $
-
     $
2,835
  
As of 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:
                                                                
Balance, beginning of year
   $
2,244
     $
1,789
     $
946
     $
464
     $
1,031
     $
454
     $
179
     $
7,107
  
Provision charged to expense
    
(35
 )    
339
      
327
      
177
      
222
      
248
      
(53
 )   $
1,225
  
Losses charged off
    
-
      
(37
 )    
(8
 )    
-
      
(110
 )    
(382
 )    
-
     $
(537
 )
Recoveries
    
97
      
2
      
32
      
-
      
17
      
53
      
-
     $
201
  
Balance, end of year
   $
2,306
     $
2,093
     $
1,297
     $
641
     $
1,160
     $
373
     $
126
     $
7,996
  
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
  
As of 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:
                                                                
Balance, beginning of year
   $
1,377
     $
1,687
     $
856
     $
206
     $
1,168
     $
337
     $
111
     $
5,742
  
Provision charged to expense
    
793
      
174
      
82
      
258
      
91
      
284
      
68
     $
1,750
  
Losses charged off
    
-
      
(72
 )    
(11
 )    
-
      
(240
 )    
(213
 )    
-
     $
(536
 )
Recoveries
    
74
      
-
      
19
      
-
      
12
      
46
      
-
     $
151
  
Balance, end of year
   $
2,244
     $
1,789
     $
946
     $
464
     $
1,031
     $
454
     $
179
     $
7,107
  
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]
As of December 31, 2019
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
   
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
   $
1,392
     $
1,392
     $
-
     $
1,075
     $
1
  
Multi-family
    
-
      
-
      
-
      
5,438
      
-
  
Real estate - construction
    
-
      
-
      
-
      
-
      
-
  
Real estate - commercial
    
3,199
      
3,199
      
-
      
3,274
      
4
  
Commercial loans
    
33
      
33
      
-
      
127
      
-
  
Consumer and other loans
    
70
      
70
      
-
      
230
      
2
  
Loans with a specific valuation allowance
   
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Real estate - residential mortgage:
      
 
      
 
      
 
      
 
  
One to four family units
   $
1,221
     $
1,221
     $
197
     $
1,781
     $
-
  
Multi-family
    
-
      
-
      
-
      
-
      
-
  
Real estate - construction
    
4,742
      
5,975
      
553
      
3,924
      
-
  
Real estate - commercial
    
162
      
162
      
24
      
533
      
-
  
Commercial loans
    
999
      
999
      
301
      
756
      
-
  
Consumer and other loans
    
150
      
150
      
21
      
153
      
-
  
Total
 
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Real estate - residential mortgage:
      
 
      
 
      
 
      
 
  
One to four family units
   $
2,613
     $
2,613
     $
197
     $
2,856
     $
1
  
Multi-family
    
-
      
-
      
-
      
5,438
      
-
  
Real estate - construction
    
4,742
      
5,975
      
553
      
3,924
      
-
  
Real estate - commercial
    
3,361
      
3,361
      
24
      
3,807
      
4
  
Commercial loans
    
1,032
      
1,032
      
301
      
883
      
-
  
Consumer and other loans
    
220
      
220
      
21
      
383
      
2
  
Total
  $
11,968
     $
13,201
     $
1,096
     $
17,291
     $
7
  
As of December 31, 2018
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
   
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
     $
2
     $
-
     $
1,429
     $
1
  
Multi-family
    
5,952
      
5,952
      
-
      
2,246
      
75
  
Real estate - construction
    
-
      
-
      
-
      
1,144
      
-
  
Real estate - commercial
    
3,138
      
3,138
      
-
      
3,764
      
46
  
Commercial loans
    
216
      
216
      
-
      
596
      
-
  
Consumer and other loans
    
225
      
225
      
-
      
316
      
-
  
Loans with a specific valuation allowance
   
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Real estate - residential mortgage:
      
 
      
 
      
 
      
 
  
One to four family units
   $
4,518
     $
4,518
     $
573
     $
2,858
     $
-
  
Multi-family
    
-
      
-
      
-
      
499
      
-
  
Real estate - construction
    
4,088
      
5,321
      
552
      
3,009
      
-
  
Real estate - commercial
    
1,232
      
1,317
      
106
      
154
      
-
  
Commercial loans
    
1,062
      
1,062
      
363
      
522
      
-
  
Consumer and other loans
    
119
      
119
      
18
      
121
      
-
  
Total
 
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Real estate - residential mortgage:
      
 
      
 
      
 
      
 
  
One to four family units
   $
4,520
     $
4,520
     $
573
     $
4,287
     $
1
  
Multi-family
    
5,952
      
5,952
      
-
      
2,745
      
75
  
Real estate - construction
    
4,088
      
5,321
      
552
      
4,153
      
-
  
Real estate - commercial
    
4,370
      
4,455
      
106
      
3,918
      
46
  
Commercial loans
    
1,278
      
1,278
      
363
      
1,118
      
-
  
Consumer and other loans
    
344
      
344
      
18
      
437
      
-
  
Total
  $
20,552
     $
21,870
     $
1,612
     $
16,658
     $
122
  
Financing Receivable, Troubled Debt Restructuring [Table Text Block]
   
2019
  
   
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
    
1
      
193,437
      
193,437
  
Consumer and other loans
    
-
      
-
      
-
  
Total
    
1
     $
193,437
     $
193,437
  
   
2018
  
   
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
    
3
      
540,550
      
444,645
  
Consumer and other loans
    
-
      
-
      
-
  
Total
    
3
     $
540,550
     $
444,645
  
   
2019
  
   
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
    
-
      
193,437
      
-
      
193,437
  
Consumer and other loans
    
-
      
-
      
-
      
-
  
Total
   $
-
     $
193,437
     $
-
     $
193,437
  
   
2018
  
   
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
    
-
      
30,130
      
414,515
      
444,645
  
Consumer and other loans
    
-
      
-
      
-
      
-
  
Total
   $
-
     $
30,130
     $
414,515
     $
444,645
  
Financing Receivable Credit Quality Indicators [Table Text Block]
As of December 31, 2019
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
   
Construction
    
Commercial
Real Estate
    
One to four
family
    
Multi-family
    
Commercial
    
Consumer
and Other
    
Total
  
   
(In Thousands)
 
Rating:
                                                        
Pass
   $
73,489
     $
292,674
     $
115,622
     $
87,448
     $
100,658
     $
29,666
     $
699,557
  
Special Mention
    
-
      
1,476
      
535
      
-
      
8,793
      
-
      
10,804
  
Substandard
    
3,820
      
6,469
      
2,667
      
-
      
4,597
      
1,000
      
18,553
  
Doubtful
    
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total
   $
77,309
     $
300,619
     $
118,824
     $
87,448
     $
114,048
     $
30,666
     $
728,914
  
As of 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