Note 3 - Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

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

	December 31,
	2021			2020
Real estate - residential mortgage:
One to four family units	$	102,791,228		$	115,799,200
Multi-family		76,565,222			90,028,775
Real estate - construction		124,848,581			70,847,330
Real estate - commercial		381,119,167			305,673,212
Commercial loans		115,794,005			144,326,350
Consumer and other loans		21,467,734			26,733,546
Total loans		822,585,937			753,408,413
Less:
Allowance for loan losses		(10,588,562	)		(9,617,024	)
Deferred loan fees/costs, net		(484,763	)		(1,642,118	)
Net loans	$	811,512,612		$	742,149,271

Financing Receivable, Past Due [Table Text Block]

As of December 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	$	138	$	27	$	1,083	$	1,248	$	101,543	$	102,791	$	-
Multi-family		-		-		-		-		76,565		76,565		-
Real estate - construction		-		-		2,052		2,052		122,797		124,849		-
Real estate - commercial		-		-		247		247		380,872		381,119		-
Commercial loans		17		-		1,747		1,764		114,030		115,794		-
Consumer and other loans		8		-		-		8		21,460		21,468		-
Total	$	163	$	27	$	5,129	$	5,319	$	817,267	$	822,586	$	-

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]

	December 31,
	2021		2020
Real estate - residential mortgage:
One to four family units	$	1,470,357	$	3,086,159
Multi-family		-		-
Real estate - construction		2,891,243		6,239,326
Real estate - commercial		3,339,996		3,932,241
Commercial loans		1,934,494		5,249,782
Consumer and other loans		89,450		121,090
Total	$	9,725,540	$	18,628,598

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

As of December 31, 2021
	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	$	1,132		$	3,624		$	1,445		$	1,058		$	1,129		$	571		$	658		$	9,617
Provision charged to expense		1,242			781			(310	)		(308	)		(116	)		(103	)		(386	)	$	800
Losses charged off		(121	)		(1	)		(27	)		-			(36	)		(193	)		-		$	(378	)
Recoveries		285			3			4			-			200			58			-		$	550
Balance, end of year	$	2,538		$	4,407		$	1,112		$	750		$	1,177		$	333		$	272		$	10,589
Ending balance: individually evaluated for impairment	$	656		$	85		$	49		$	-		$	46		$	15		$	-		$	851
Ending balance: collectively evaluated for impairment	$	1,882		$	4,322		$	1,063		$	750		$	1,131		$	318		$	272		$	9,738
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	-
Loans:
Ending balance: individually evaluated for impairment	$	2,891		$	1,334		$	1,452		$	-		$	1,935		$	171		$	-		$	7,783
Ending balance: collectively evaluated for impairment	$	121,958		$	377,649		$	101,339		$	76,565		$	113,770		$	21,297		$	-		$	812,578
Ending balance: loans acquired with deteriorated credit quality	$	-		$	2,136		$	-		$	-		$	89		$	-		$	-		$	2,225

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

Impaired Financing Receivables [Table Text Block]

As of December 31, 2021
	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	$	1,347	$	1,347	$	-	$	1,868	$	-
Multi-family		-		-		-		-		-
Real estate - construction		2,025		2,025		-		3,285		-
Real estate - commercial		2,976		2,976		-		3,269		10
Commercial loans		1,837		1,837		-		2,808		-
Consumer and other loans		89		89		-		97		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	105	$	105	$	49	$	145	$	-
Multi-family		-		-		-		-		-
Real estate - construction		866		866		656		891		-
Real estate - commercial		494		494		85		602		-
Commercial loans		187		223		46		313		-
Consumer and other loans		82		82		15		94		-
Total
Real estate - residential mortgage:
One to four family units	$	1,452	$	1,452	$	49	$	2,013	$	-
Multi-family		-		-		-		-		-
Real estate - construction		2,891		2,891		656		4,176		-
Real estate - commercial		3,470		3,470		85		3,871		10
Commercial loans		2,024		2,060		46		3,121		-
Consumer and other loans		171		171		15		191		-
Total	$	10,008	$	10,044	$	851	$	13,372	$	10

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

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	December 31,
	2021		2020
Real estate - residential mortgage:
One to four family units	$	176,576	$	1,178,876
Multi-family		-		-
Real estate - construction		839,419		3,700,084
Real estate - commercial		592,515		893,992
Commercial loans		278,649		368,310
Total	$	1,887,159	$	6,141,262

Financing Receivable Credit Quality Indicators [Table Text Block]

As of December 31, 2021
	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	121,892	$	342,560	$	100,830	$	75,166	$	107,872	$	21,297	$	769,617
Special Mention		-		24,589		68		1,399		5,087		-		31,143
Substandard		2,957		13,970		1,893		-		2,835		171		21,826
Doubtful		-		-		-		-		-		-		-
Total	$	124,849	$	381,119	$	102,791	$	76,565	$	115,794	$	21,468	$	822,586

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