Note 4 - Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

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

	December 31,
	2020			2019
Real estate - residential mortgage:
One to four family units	$	115,799,200		$	118,823,731
Multi-family		90,028,775			87,448,418
Real estate - construction		70,847,330			77,308,551
Real estate - commercial		305,673,212			300,619,387
Commercial loans		144,326,350			114,047,753
Consumer and other loans		26,733,546			30,666,185
Total loans		753,408,413			728,914,025
Less:
Allowance for loan losses		(9,617,024	)		(7,607,587	)
Deferred loan fees/costs, net		(1,642,118	)		(574,036	)
Net loans	$	742,149,271		$	720,732,402

Financing Receivable, Past Due [Table Text Block]

As of December 31, 2020
	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	$	623	$	1,058	$	1,071	$	2,752	$	113,047	$	115,799	$	-
Multi-family		-		-		-		-		90,029		90,029		-
Real estate - construction		1,239		-		4,189		5,428		65,419		70,847		-
Real estate - commercial		264		76		161		501		305,172		305,673		-
Commercial loans		6		1		4,784		4,791		139,535		144,326		-
Consumer and other loans		10		1		21		32		26,702		26,734		-
Total	$	2,142	$	1,136	$	10,226	$	13,504	$	739,904	$	753,408	$	-

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	$	-

Financing Receivable, Nonaccrual [Table Text Block]

	December 31,
	2020		2019
Real estate - residential mortgage:
One to four family units	$	3,086,159	$	2,398,379
Multi-family		-		-
Real estate - construction		6,239,326		3,738,410
Real estate - commercial		3,932,241		2,941,143
Commercial loans		5,249,782		855,761
Consumer and other loans		121,090		69,784
Total	$	18,628,598	$	10,003,477

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

As of December 31, 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 year	$	1,749		$	2,267	$	1,001		$	746	$	1,129		$	443		$	273	$	7,608
Provision charged to expense		121			1,350		440			312		669			323			385	$	3,600
Losses charged off		(738	)		-		(2	)		-		(709	)		(261	)		-	$	(1,710	)
Recoveries		-			7		6			-		40			66			-	$	119
Balance, end of year	$	1,132		$	3,624	$	1,445		$	1,058	$	1,129		$	571		$	658	$	9,617
Ending balance: individually evaluated for impairment	$	114		$	117	$	112		$	-	$	62		$	15		$	-	$	420
Ending balance: collectively evaluated for impairment	$	1,018		$	3,507	$	1,333		$	1,058	$	1,066		$	556		$	658	$	9,196
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-	$	-		$	-	$	1		$	-		$	-	$	1
Loans:
Ending balance: individually evaluated for impairment	$	6,239		$	1,810	$	3,110		$	-	$	5,111		$	202		$	-	$	16,472
Ending balance: collectively evaluated for impairment	$	64,608		$	301,453	$	112,689		$	90,029	$	139,083		$	26,532		$	-	$	734,394
Ending balance: loans acquired with deteriorated credit quality	$	-		$	2,410	$	-		$	-	$	132		$	-		$	-	$	2,542

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

Impaired Financing Receivables [Table Text Block]

As of December 31, 2020
	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	$	2,780	$	2,780	$	-	$	1,199	$	-
Multi-family		-		-		-		-		-
Real estate - construction		5,081		5,081		-		423		-
Real estate - commercial		3,419		3,419		-		3,152		4
Commercial loans		4,902		4,902		-		455		-
Consumer and other loans		100		100		-		110		13
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	330	$	330	$	112	$	1,183	$	-
Multi-family		-		-		-		-		-
Real estate - construction		1,158		3,129		114		4,093		-
Real estate - commercial		801		801		117		365		-
Commercial loans		341		341		63		792		-
Consumer and other loans		102		102		15		136		-
Total
Real estate - residential mortgage:
One to four family units	$	3,110	$	3,110	$	112	$	2,382	$	-
Multi-family		-		-		-		-		-
Real estate - construction		6,239		8,210		114		4,516		-
Real estate - commercial		4,220		4,220		117		3,517		4
Commercial loans		5,243		5,243		63		1,247		-
Consumer and other loans		202		202		15		246		13
Total	$	19,014	$	20,985	$	421	$	11,908	$	17

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

Schedule of COVID-19 Modifications [Table Text Block]

Collateral Type	# Loans Modified	Amount of Loans Modified ($)		Interest Only 3 Months or Less		Interest Only 4-6 Months		Full Payment Deferral 3 Months		Full Payment Deferral 3 Months + Interest Only 3 Months or Less		Full Payment Deferral 3 Months + Interest Only > 3 Months		Full Payment Deferral > 6 Months
Hotel/Motel	9	$	16,018,273	$	-	$	-	$	-	$	1,849,520	$	7,962,876	$	6,205,877
Theatre	5		10,586,792		-		-		-		-		3,826,974		6,759,818
Restaurant (C&I & RE)	2		411,029		123,236		287,793		-		-		-		-
Land & Land Development	1		1,279,878		-		-		-		-		1,279,878		-
1-4 Family Consumer	2		168,852		-		-		168,852		-		-		-
Other	1		93,100		-		93,100		-		-		-		-
Total Modified Loans	20	$	28,557,924	$	123,236	$	380,893	$	168,852	$	1,849,520	$	13,069,728	$	12,965,695

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	December 31,
	2020		2019
Real estate - residential mortgage:
One to four family units	$	1,178,876	$	1,163,782
Multi-family		-		-
Real estate - construction		3,700,084		3,738,409
Real estate - commercial		893,992		161,491
Commercial loans		368,310		572,683
Total	$	6,141,262	$	5,636,365

Financing Receivable Credit Quality Indicators [Table Text Block]

As of December 31, 2020
	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	64,531	$	262,771	$	110,615	$	90,029	$	130,874	$	26,532	$	685,352
Special Mention		-		4,442		-		-		123		-		4,565
Substandard		6,316		38,460		5,184		-		13,329		202		63,491
Doubtful		-		-		-		-		-		-		-
Total	$	70,847	$	305,673	$	115,799	$	90,029	$	144,326	$	26,734	$	753,408

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