Note 5 - Loans Receivable, Net and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2023

Notes Tables

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

	September 30, 2023			December 31, 2022
Real estate loans:
One-to-four family residential:
Owner occupied	$	19,087		$	18,070
Non-owner occupied		41,936			39,315
Total one-to-four family residential		61,023			57,385
Multi-family (five or more) residential		50,823			46,909
Commercial real estate		348,744			333,540
Construction		31,444			28,938
Home equity		5,994			4,918
Total real estate loans		498,028			471,690
Commercial business		135,993			159,069
Other consumer		72			2
Total Loans		634,093			630,761
Deferred loan fees and costs		(772	)		(1,219	)
Allowance for credit losses		(7,121	)		(7,678	)
Net Loans	$	626,200		$	621,864

Financing Receivable, Internal Risk Categories [Table Text Block]

	Term Loans Amortized Cost by Origination Year
As of September 30, 2023	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
One-to-four family residential owner occupied Risk rating
Pass	$	1,802	$	8,825	$	3,870	$	1,868	$	572	$	2,150	$	-	$	19,087
Special mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Total one-to-four family residential owner occupied	$	1,802	$	8,825	$	3,870	$	1,868	$	572	$	2,150	$	-	$	19,807
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
One-to-four family residential non- owner occupied Risk rating
Pass	$	2,199	$	7,199	$	12,469	$	3,290	$	1,040	$	15,739	$	-	$	41,936
Special mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Total one-to-four family residential non-owner occupied	$	2,199	$	7,199	$	12,469	$	3,290	$	1,040	$	15,739	$	-	$	41,936
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Multi-family residential Risk rating
Pass	$	2,463	$	16,777	$	13,974	$	4,513	$	2,402	$	8,977	$	-	$	49,106
Special mention		-		-		-		-		-		1,717		-		1,717
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Total multi-family residential	$	2,463	$	16,777	$	13,974	$	4,513	$	2,402	$	10,694	$	-	$	50,823
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Commercial real estate Risk rating
Pass	$	50,594	$	148,568	$	66,432	$	22,365	$	17,312	$	41,724	$	1,676	$	348,671
Special mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		73		-		-		73
Doubtful		-		-		-		-		-		-		-		-
Total commercial real estate	$	50,594	$	148,568	$	66,432	$	22,365	$	17,385	$	41,724	$	1,676	$	348,744
Current period gross charge-offs	$	-	$	-	$	-	$	134	$	-	$	-	$	-	$	134
Construction Risk rating
Pass	$	4,463	$	10,955	$	9,394	$	4,484	$	-	$	-	$	-	$	29,296
Special mention		-		-		-		-		-		2,148		-		2,148
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Total construction	$	4,463	$	10,955	$	9,394	$	4,484	$	-	$	2,148	$	-	$	31,444
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Home equity Risk rating
Pass	$	1,074	$	37	$	124	$	-	$	-	$	216	$	4,543	$	5,994
Special mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Total home equity	$	1,074	$	37	$	124	$	-	$	-	$	216	$	4,543	$	5,994
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

	Term Loans Amortized Cost by Origination Year
As of September 30, 2023	2023		2022		2021		2020		2019		Prior		Revolving Loans Amortized Cost Basis		Total
Commercial business Risk rating
Pass	$	6,598	$	75,278	$	29,881	$	4,596	$	2,198	$	1,041	$	12,092	$	131,684
Special mention		-		-		-		-		-		-		-		-
Substandard		-		-		1,633		-		1,242		323		1,062		4,260
Doubtful		-		-		49		-		-		-		-		49
Total commercial business	$	6,598	$	75,278	$	31,563	$	4,596	$	3,440	$	1,364	$	13,154	$	135,993
Current period gross charge-offs	$	-	$	2	$	603	$	97	$	-	$	-	$	-	$	702
Other consumer Risk rating
Pass	$	72	$	-	$	-	$	-	$	-	$	-	$	-	$	72
Special mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-
Total other consumer	$	72	$	-	$	-	$	-	$	-	$	-	$	-	$	72
Current period gross charge-offs Total	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Pass	$	69,265	$	267,639	$	136,144	$	41,116	$	23,524	$	69,847	$	18,311	$	625,846
Special mention		-		-		-		-		-		3,865		-		3,865
Substandard		-		-		1,633		-		1,315		323		1,062		4,333
Doubtful		-		-		49		-		-		-		-		49
Total	$	69,265	$	267,639	$	137,826	$	41,116	$	24,839	$	74,035	$	19,373	$	634,093
Current period gross charge-offs	$	-	$	2	$	603	$	231	$	-	$	-	$	-	$	836

Financing Receivable Credit Quality Indicators [Table Text Block]

	December 31, 2022
	Pass		Special Mention		Substandard		Doubtful		Total
One-to-four family residential owner occupied	$	17,663	$	407	$	-	$	-	$	18,070
One-to-four family residential non-owner occupied		39,315		-		-		-		39,315
Multi-family residential		45,201		-		1,708		-		46,909
Commercial real estate		333,406		-		134		-		333,540
Construction		28,938		-		-		-		28,938
Home equity		4,918		-		-		-		4,918
Commercial business		153,746		2,908		2,415		-		159,069
Other consumer		2		-		-		-		2
Total	$	623,189	$	3,315	$	4,257	$	-	$	630,761

Financing Receivable, Nonaccrual [Table Text Block]

	September 30, 2023										December 31,
	Non-accrual loans										2022
	With a Related Allowance		Without a Related Allowance		Total		90 Days or More Past Due and Accruing		Total Non- Performing		Total Non- Accrual Loans
One-to-four family residential owner occupied	$	-	$	-	$	-	$	-	$	-	$	-
One-to-four family residential non-owner occupied		-		-		-		-		-		-
Multi-family residential		-		-		-		-		-		-
Commercial real estate		-		73		73		-		73		73
Construction		-		-		-		-		-		-
Home equity		-		-		-		-		-		-
Commercial business		-		49		49		-		49		-
Other consumer		-		-		-		-		-		-
Total	$	-	$	122	$	122	$	-	$	122	$	73

Impaired Financing Receivables [Table Text Block]

	December 31, 2022
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
One-to-four family residential owner occupied	$	-	$	-	$	-	$	-	$	-
One-to-four family residential non-owner occupied		7		9		-		7		-
Multi-family residential		1,708		1,722		-		1,708		-
Commercial real estate		129		129		-		130		12
Construction		-		-		-		-		-
Home equity		-		-		-		-		-
Commercial business		-		-		-		-		-
Other consumer		-		-		-		-		-
With an allowance recorded:
One-to-four family residential owner occupied	$	-	$	-	$	-	$	-	$	-
One-to-four family residential non-owner occupied		-		-		-		-		-
Multi-family residential		-		-		-		-		-
Commercial real estate		134		134		118		136		9
Construction		-		-		-		-		-
Home equity		-		-		-		-		-
Commercial business		97		97		96		102		6
Other consumer		-		-		-		-		-
Total:
One-to-four family residential owner occupied	$	-	$	-	$	-	$	-	$	-
One-to-four family residential non-owner occupied		7		9		-		7		-
Multi-family residential		1,708		1,722		-		1,708		-
Commercial real estate		263		263		118		266		21
Construction		-		-		-		-		-
Home equity		-		-		-		-		-
Commercial business		97		97		96		102		6
Other consumer		-		-		-		-		-
Total	$	2,075	$	2,091	$	215	$	2,083	$	27

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

	September 30, 2023
	1-4 Family Residential Owner Occupied		1-4 Family Residential Non- Owner Occupied			Multi- Family Residential			Commercial Real Estate			Construction			Home Equity		Commercial Business and Other Consumer			Unallocated			Total
For the Three Months Ended September 30, 2023
Allowance for credit losses:
Beginning balance	$	137	$	243		$	415		$	3,175		$	848		$	49	$	2,589		$	-		$	7,456
Impact of ASU 326		-		-			-			-			-			-		-			-			-
Charge-offs		-		-			-			-			-			-		(605	)		-			(605	)
Recoveries		-		-			-			-			-			-		-			-			-
Provision(1)		5		16			(11	)		(35	)		(166	)		7		454			-			270
Ending balance	$	142	$	259		$	404		$	3,140		$	682		$	56	$	2,438		$	-		$	7,121
For the Nine Months Ended September 30, 2023
Allowance for credit losses:
Beginning balance	$	123	$	295		$	451		$	3,750		$	304		$	33	$	2,422		$	300		$	7,678
Impact of ASU 326		-		-			-			-			-			-		-			-			-
Charge-offs		-		-			-			(134	)		-			-		(702	)		-			(836	)
Recoveries		-		-			-			-			-			-		-			-			-
Provision(1)		19		(36	)		(47	)		(476	)		378			23		718			(300	)		279
Ending balance	$	142	$	259		$	404		$	3,140		$	682		$	56	$	2,438		$	-		$	7,121

	December 31, 2022
	1-4 Family Residential Owner Occupied		1-4 Family Residential Non- Owner Occupied		Multi- Family Residential		Commercial Real Estate		Construction		Home Equity		Commercial Business and Other Consumer			Unallocated			Total
Allowance for loan losses:
Beginning balance	$	73	$	292	$	249	$	2,475	$	119	$	29	$	1,625		$	400		$	5,262
Charge-offs		-		-		-		-		-		-		(59	)		-			(59	)
Recoveries		-		-		-		-		-		-		-			-			-
Provision		50		3		202		1,275		185		4		856			(100	)		2,475
Ending balance	$	123	$	295	$	451	$	3,750	$	304	$	33	$	2,422		$	300		$	7,678
Ending balance evaluated for impairment:
Individually	$	-	$	-	$	-	$	118	$	-	$	-	$	97		$	-		$	215
Collectively	$	123	$	295	$	451	$	3,632	$	304	$	33		2,325		$	300		$	7,463
Loans receivable:
Ending balance	$	18,070	$	39,315	$	46,909	$	333,540	$	28,938	$	4,918	$	159,071					$	630,761
Ending balance evaluated for impairment:
Individually	$	-	$	7	$	1,708	$	263	$	-	$	-	$	97					$	2,075
Collectively	$	18,070	$	39,308	$	45,201	$	333,277	$	28,938	$	4,918	$	158,974					$	628,686

	September 30, 2022
	1-4 Family Residential Owner Occupied		1-4 Family Residential Non-Owner Occupied			Multi-Family Residential		Commercial Real Estate		Construction			Home Equity		Commercial Business and Other Consumer			Unallocated		Total
For the Three Months Ended September 30, 2022
Allowance for loan losses:
Beginning balance	$	104	$	276		$	377	$	3,383	$	283		$	32	$	1,735		$	350	$	6,540
Charge-offs		-		-			-		-		-			-		(54	)		-		(54	)
Recoveries		-		-			-		-		-			-		-			-		-
Provision		15		7			90		187		(76	)		3		379			50		655
Ending balance	$	119	$	283		$	467	$	3,570	$	207		$	35	$	2,060		$	400	$	7,141
For the Nine Months Ended September 30, 2022
Allowance for loan losses:
Beginning balance	$	73	$	292		$	249	$	2,475	$	119		$	29	$	1,625		$	400	$	5,262
Charge-offs		-		-			-		-		-			-		(54	)		-		(54	)
Recoveries		-		-			-		-		-			-		-			-		-
Provision		46		(9	)		218		1,095		88			6		489			-		1,933
Ending balance	$	119	$	283		$	467	$	3,570	$	207		$	35	$	2,060		$	400	$	7,141

Financing Receivable, Past Due [Table Text Block]

	September 30, 2023
	30-89 Days Past Due		90 Days or More Past Due		Current		Total Loans Receivable
One-to-four family residential owner occupied	$	-	$	-	$	19,087	$	19,087
One-to-four family residential non-owner occupied		-		-		41,936		41,936
Multi-family residential		562		-		50,261		50,823
Commercial real estate		7,335		73		341,336		348,744
Construction		377		-		31,067		31,444
Home equity		105		-		5,889		5,994
Commercial business		8		49		135,936		135,993
Other consumer		-		-		72		72
Total	$	8,387	$	122	$	625,584	$	634,093

		December 31, 2022
												Loans
												Receivable
												90 Days or
		30-89		90 Days								More Past
		Days Past		or More		Total				Total Loans		Due and
		Due		Past Due		Past Due		Current		Receivable		Accruing
One-to-four family residential owner occupied	$	407	$	-	$	407	$	17,663	$	18,070	$	-
One-to-four family residential non-owner occupied		23		-		23		39,292		39,315		-
Multi-family residential		-		1,708		1,708		45,201		46,909		-
Commercial real estate		2,895		134		3,029		330,511		333,540		-
Construction		2,062		-		2,062		26,876		28,938		-
Home equity		39		-		39		4,879		4,918		-
Commercial business		10		97		107		158,962		159,069		51
Other consumer		-		-		-		2		2		-
Total	$	5,436	$	1,939	$	7,375	$	623,386	$	630,761	$	51