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

6 Months Ended

Jun. 30, 2020

Notes Tables

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

	June 30,			December 31,
	2020			2019
Real estate - residential mortgage:
One to four family units	$	127,187,806		$	118,823,731
Multi-family		85,824,232			87,448,418
Real estate - construction		66,354,401			77,308,551
Real estate - commercial		306,700,011			300,619,387
Commercial loans		168,378,978			114,047,753
Consumer and other loans		29,028,801			30,666,185
Total loans		783,474,229			728,914,025
Less:
Allowance for loan losses		(8,787,917	)		(7,607,587	)
Deferred loan fees/costs, net		(2,328,311	)		(574,036	)
Net loans	$	772,358,001		$	720,732,402

Financing Receivable, Past Due [Table Text Block]

As of June 30, 2020
	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	$	1,185	$	467	$	549	$	2,201	$	124,987	$	127,188	$	-
Multi-family		-		-		-		-		85,824		85,824		-
Real estate - construction		5,355		-		-		5,355		60,999		66,354		-
Real estate - commercial		162		-		-		162		306,538		306,700		-
Commercial loans		685		3,553		-		4,238		164,141		168,379		-
Consumer and other loans		101		1		47		149		28,880		29,029		-
Total	$	7,488	$	4,021	$	596	$	12,105	$	771,369	$	783,474	$	-

As of December 31, 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	$	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	$	-

Financing Receivable, Nonaccrual [Table Text Block]

	June 30,		December 31,
	2020		2019
Real estate - residential mortgage:
One to four family units	$	2,443,808	$	2,398,379
Multi-family		-		-
Real estate - construction		4,442,818		3,738,410
Real estate - commercial		3,308,357		2,941,143
Commercial loans		867,255		855,761
Consumer and other loans		176,979		69,784
Total	$	11,239,217	$	10,003,477

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

Three months ended June 30, 2020	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	$	1,629		$	2,577	$	1,154	$	755	$	1,349		$	449		$	136		$	8,049
Provision charged to expense		(60	)		421		385		39		(71	)		49			(13	)	$	750
Losses charged off		-			-		-		-		-			(51	)		-		$	(51	)
Recoveries		-			-		-		-		21			19			-		$	40
Balance, end of period	$	1,569		$	2,998	$	1,539	$	794	$	1,299		$	466		$	123		$	8,788

Six months ended June 30, 2020	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	$	1,749		$	2,267	$	1,001	$	746	$	1,129		$	443		$	273		$	7,608
Provision charged to expense		(180	)		725		537		48		167			103			(150	)	$	1,250
Losses charged off		-			-		-		-		(32	)		(113	)		-		$	(145	)
Recoveries		-			6		1		-		35			33			-		$	75
Balance, end of period	$	1,569		$	2,998	$	1,539	$	794	$	1,299		$	466		$	123		$	8,788

Three months ended June 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	$	1,936	$	2,137	$	1,386		$	694		$	974		$	368		$	352		$	7,847
Provision charged to expense		212		31		(168	)		(21	)		262			76			(292	)	$	100
Losses charged off		-		-		(271	)		-			(41	)		(61	)		-		$	(373	)
Recoveries		21		20		1			-			41			14			-		$	97
Balance, end of period	$	2,169	$	2,188	$	948		$	673		$	1,236		$	397		$	60		$	7,671

Six months ended June 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		(278	)		75		(81	)		32		301			117			(66	)	$	100
Losses charged off		-			-		(271	)		-		(275	)		(115	)		-		$	(661	)
Recoveries		141			20		3			-		50			22			-		$	236
Balance, end of period	$	2,169		$	2,188	$	948		$	673	$	1,236		$	397		$	60		$	7,671

June 30, 2020	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	$	631	$	96	$	257	$	-	$	319	$	16	$	-	$	1,319
Ending balance: collectively evaluated for impairment	$	938	$	2,902	$	1,282	$	794	$	978	$	450	$	123	$	7,467
Ending balance: loans acquired with deteriorated credit quality	$	-	$	-	$	-	$	-	$	2	$	-	$	-	$	2
Loans:
Ending balance: individually evaluated for impairment	$	4,443	$	1,026	$	2,444	$	-	$	710	$	268	$	-	$	8,891
Ending balance: collectively evaluated for impairment	$	61,911	$	303,250	$	124,744	$	85,824	$	167,358	$	28,761	$	-	$	771,848
Ending balance: loans acquired with deteriorated credit quality	$	-	$	2,424	$	-	$	-	$	311	$	-	$	-	$	2,735

As of December 31, 2019	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	$	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

Impaired Financing Receivables [Table Text Block]

	June 30, 2020						December 31, 2019
	Recorded Balance		Unpaid Principal Balance		Specific Allowance		Balance		Unpaid Principal Balance		Specific Allowance
	(In Thousands)
Loans without a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	1,143	$	1,143	$	-	$	1,392	$	1,392	$	-
Multi-family		-		-		-		-		-		-
Real estate - construction		-		-		-		-		-		-
Real estate - commercial		3,358		3,358		-		3,199		3,199		-
Commercial loans		-		-		-		33		33		-
Consumer and other loans		111		111		-		70		70		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	1,301	$	1,301	$	257	$	1,221	$	1,221	$	197
Multi-family		-		-		-		-		-		-
Real estate - construction		4,443		5,676		630		4,742		5,975		553
Real estate - commercial		249		249		96		162		162		24
Commercial loans		864		864		322		999		999		301
Consumer and other loans		157		157		16		150		150		21
Total
Real estate - residential mortgage:
One to four family units	$	2,444	$	2,444	$	257	$	2,613	$	2,613	$	197
Multi-family		-		-		-		-		-		-
Real estate - construction		4,443		5,676		630		4,742		5,975		553
Real estate - commercial		3,607		3,607		96		3,361		3,361		24
Commercial loans		864		864		322		1,032		1,032		301
Consumer and other loans		268		268		16		220		220		21
Total	$	11,626	$	12,859	$	1,321		11,968	$	13,201	$	1,096

	For the Six Months Ended				For the Six Months Ended
	June 30, 2020				June 30, 2019
	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	$	1,106	$	-	$	1,111	$	1
Multi-family		-		-		5,934		-
Real estate - construction		-		-		-		-
Real estate - commercial		3,006		-		3,440		4
Commercial loans		9		-		223		-
Consumer and other loans		105		7		229		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	1,224	$	-	$	2,352	$	-
Multi-family		-		-		-		-
Real estate - construction		4,188		-		3,876		-
Real estate - commercial		236		-		717		-
Commercial loans		916		-		659		-
Consumer and other loans		156		-		106		-
Total
Real estate - residential mortgage:
One to four family units	$	2,330	$	-	$	3,463	$	1
Multi-family		-		-		5,934		-
Real estate - construction		4,188		-		3,876		-
Real estate - commercial		3,242		-		4,157		4
Commercial loans		925		-		882		-
Consumer and other loans		261		7		335		-
Total	$	10,946	$	7	$	18,647	$	5

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	June 30, 2020		December 31, 2019
Real estate - residential mortgage:
One to four family units	$	1,161,988	$	1,163,782
Multi-family		-		-
Real estate - construction		4,442,818		3,738,409
Real estate - commercial		896,454		161,491
Commercial loans		710,395		572,683
Total		7,211,655	$	5,636,365

Financing Receivable Credit Quality Indicators [Table Text Block]

June 30, 2020	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	61,834	$	295,826	$	122,677	$	85,824	$	154,901	$	28,761	$	749,823
Special Mention		-		625		1,035		-		8,541		-		10,201
Substandard		4,520		10,249		3,476		-		4,937		268		23,450
Doubtful		-		-		-		-		-		-		-
Total	$	66,354	$	306,700	$	127,188	$	85,824	$	168,379	$	29,029	$	783,474

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