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

3 Months Ended

Mar. 31, 2021

Notes Tables

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

	March 31,			December 31,
	2021			2020
Real estate - residential mortgage:
One to four family units	$	114,706,270		$	115,799,200
Multi-family		88,353,385			90,028,775
Real estate - construction		85,711,951			70,847,330
Real estate - commercial		308,660,565			305,673,212
Commercial loans		133,076,722			144,326,350
Consumer and other loans		24,643,935			26,733,546
Total loans		755,152,828			753,408,413
Less:
Allowance for loan losses		(9,887,939	)		(9,617,024	)
Deferred loan fees/costs, net		(2,044,113	)		(1,642,118	)
Net loans	$	743,220,776		$	742,149,271

Financing Receivable, Past Due [Table Text Block]

As of March 31, 2021
	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	$	529	$	237	$	2,239	$	3,005	$	111,701	$	114,706	$	-
Multi-family		-		-		-		-		88,353		88,353		-
Real estate - construction		133		-		5,109		5,242		80,470		85,712		-
Real estate - commercial		17		-		501		518		308,143		308,661		-
Commercial loans		55		-		4,784		4,839		128,238		133,077		-
Consumer and other loans		32		124		20		176		24,468		24,644		-
Total	$	766	$	361	$	12,653	$	13,780	$	741,373	$	755,153	$	-

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	$	-

Financing Receivable, Nonaccrual [Table Text Block]

	March 31,		December 31,
	2021		2020
Real estate - residential mortgage:
One to four family units	$	2,620,669	$	3,086,159
Multi-family		-		-
Real estate - construction		5,948,672		6,239,326
Real estate - commercial		3,849,156		3,932,241
Commercial loans		5,236,161		5,249,782
Consumer and other loans		125,090		121,090
Total	$	17,779,748	$	18,628,598

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

Three months ended				Commercial		One to four								Consumer
March 31, 2021	Construction			Real Estate		family			Multi-family			Commercial		and Other			Unallocated			Total
	(In Thousands)
Allowance for loan losses:
Balance, beginning of period	$	1,132		$	3,624	$	1,445		$	1,058		$	1,129	$	571		$	658		$	9,617
Provision charged to expense		363			206		(23	)		(60	)		122		(158	)		(50	)	$	400
Losses charged off		(121	)		-		-			-			-		(37	)		-		$	(158	)
Recoveries		-			1		4			-			6		18			-		$	29
Balance, end of period	$	1,374		$	3,831	$	1,426		$	998		$	1,257	$	394		$	608		$	9,888

Three months ended				Commercial		One to four							Consumer
March 31, 2020	Construction			Real Estate		family		Multi-family		Commercial			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		(120	)		304		152		9		237			55			(137	)	$	500
Losses charged off		-			-		-		-		(32	)		(62	)		-		$	(94	)
Recoveries		-			6		1		-		15			13			-		$	35
Balance, end of period	$	1,629		$	2,577	$	1,154	$	755	$	1,349		$	449		$	136		$	8,049

As of March 31, 2021	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	$	109	$	107	$	64	$	-	$	61	$	13	$	-	$	354
Ending balance: collectively evaluated for impairment	$	1,265	$	3,724	$	1,362	$	998	$	1,196	$	381	$	608	$	9,534
Ending balance: loans acquired with deteriorated credit quality	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Loans:
Ending balance: individually evaluated for impairment	$	5,948	$	1,797	$	2,621	$	-	$	5,105	$	191	$	-	$	15,662
Ending balance: collectively evaluated for impairment	$	79,764	$	304,530	$	112,085	$	88,353	$	127,850	$	24,453	$	-	$	737,035
Ending balance: loans acquired with deteriorated credit quality	$	-	$	2,334	$	-	$	-	$	122	$	-	$	-	$	2,456

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:
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

Impaired Financing Receivables [Table Text Block]

	March 31, 2021						December 31, 2020
	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	$	2,457	$	2,457	$	-	$	2,780	$	2,780	$	-
Multi-family		-		-		-		-		-		-
Real estate - construction		5,081		5,081		-		5,081		5,081		-
Real estate - commercial		3,340		3,340		-		3,419		3,419		-
Commercial loans		4,905		4,905		-		4,902		4,902		-
Consumer and other loans		117		117		-		100		100		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	164	$	164	$	64	$	330	$	330	$	112
Multi-family		-		-		-		-		-		-
Real estate - construction		867		2,838		109		1,158		3,129		114
Real estate - commercial		791		791		107		801		801		117
Commercial loans		322		322		61		341		341		63
Consumer and other loans		74		74		13		102		102		15
Total
Real estate - residential mortgage:
One to four family units	$	2,621	$	2,621	$	64	$	3,110	$	3,110	$	112
Multi-family		-		-		-		-		-		-
Real estate - construction		5,948		7,919		109		6,239		8,210		114
Real estate - commercial		4,131		4,131		107		4,220		4,220		117
Commercial loans		5,227		5,227		61		5,243		5,243		63
Consumer and other loans		191		191		13		202		202		15
Total	$	18,118	$	20,089	$	354	$	19,014	$	20,985	$	421

	For the Three Months Ended				For the Three Months Ended
	March 31, 2021				March 31, 2020
	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	$	2,680	$	-	$	1,091	$	-
Multi-family		-		-		-		-
Real estate - construction		5,081		-		-		-
Real estate - commercial		3,391		2		2,765		-
Commercial loans		4,904		-		19		-
Consumer and other loans		105		3		99		2
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	221	$	-	$	1,173	$	-
Multi-family		-		-		-		-
Real estate - construction		965		-		3,939		-
Real estate - commercial		795		-		281		-
Commercial loans		328		-		904		-
Consumer and other loans		106		-		169		-
Total
Real estate - residential mortgage:
One to four family units	$	2,901	$	-	$	2,264	$	-
Multi-family		-		-		-		-
Real estate - construction		6,046		-		3,939		-
Real estate - commercial		4,186		2		3,046		-
Commercial loans		5,232		-		923		-
Consumer and other loans		211		3		268		2
Total	$	18,576	$	5	$	10,440	$	2

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	March 31, 2021		December 31, 2020
Real estate - residential mortgage:
One to four family units	$	1,178,475	$	1,178,876
Multi-family		-		-
Real estate - construction		3,728,165		3,700,084
Real estate - commercial		892,242		893,992
Commercial loans		363,539		368,310
Total	$	6,162,421	$	6,141,262

Financing Receivable Credit Quality Indicators [Table Text Block]

March 31, 2021	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	79,581	$	264,614	$	110,881	$	86,924	$	120,230	$	24,453	$	686,683
Special Mention		-		4,490		729		1,429		5,012		-		11,660
Substandard		6,131		39,557		3,096		-		7,835		191		56,810
Doubtful		-		-		-		-		-		-		-
Total	$	85,712	$	308,661	$	114,706	$	88,353	$	133,077	$	24,644	$	755,153

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