Note 3 - Loans Receivable (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

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

	September 30, 2022			December 31, 2021
	(In thousands)
Real Estate:
One-to-four family	$	335,067		$	294,965
Multi-family		243,256			172,409
Commercial real estate		385,272			363,299
Construction and land		217,175			224,709
Total real estate loans		1,180,770			1,055,382
Consumer:
Home equity		50,066			39,172
Auto and other consumer		223,100			182,769
Total consumer loans		273,166			221,941
Commercial business loans		71,269			79,838
Total loans		1,525,205			1,357,161
Less:
Net deferred loan fees		3,519			4,772
Premium on purchased loans, net		(15,705	)		(12,995	)
Allowance for loan losses		16,273			15,124
Total loans receivable, net	$	1,521,118		$	1,350,260

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

	At or For the Three Months Ended September 30, 2022
	One-to-four family		Multi-family		Commercial real estate			Construction and land			Home equity		Auto and other consumer			Commercial business		Unallocated		Total
	(In thousands)
ALLL:
Beginning balance	$	3,026	$	2,168	$	4,154		$	2,550		$	486	$	2,367		$	680	$	316	$	15,747
Provision for (recapture of) loan losses		188		164		(45	)		(36	)		9		428			14		28		750
Charge-offs		—		—		—			—			—		(265	)		—		—		(265	)
Recoveries		—		—		—			—			12		29			—		—		41
Ending balance	$	3,214	$	2,332	$	4,109		$	2,514		$	507	$	2,559		$	694	$	344	$	16,273

	At or For the Nine Months Ended September 30, 2022
	One-to-four family			Multi-family		Commercial real estate		Construction and land			Home equity		Auto and other consumer			Commercial business		Unallocated			Total
	(In thousands)
ALLL:
Beginning balance	$	3,184		$	1,816	$	3,996	$	2,672		$	407	$	2,221		$	470	$	358		$	15,124
(Recapture of) provision for loan losses		(2	)		516		113		(160	)		71		644			82		(14	)		1,250
Charge-offs		—			—		—		—			—		(475	)		—		—			(475	)
Recoveries		32			—		—		2			29		169			142		—			374
Ending balance	$	3,214		$	2,332	$	4,109	$	2,514		$	507	$	2,559		$	694	$	344		$	16,273

	At September 30, 2022
	One-to-four family		Multi-family		Commercial real estate		Construction and land		Home equity		Auto and other consumer		Commercial business		Unallocated		Total
	(In thousands)
Total ALLL	$	3,214	$	2,332	$	4,109	$	2,514	$	507	$	2,559	$	694	$	344	$	16,273
General reserve		3,182		2,332		4,109		2,513		504		2,552		694		344		16,230
Specific reserve		32		—		—		1		3		7		—		—		43
Total loans	$	335,067	$	243,256	$	385,272	$	217,175	$	50,066	$	223,100	$	71,269	$	—	$	1,525,205
Loans collectively evaluated (1)		332,263		243,256		385,218		215,408		49,852		222,834		71,269		—		1,520,100
Loans individually evaluated (2)		2,804		—		54		1,767		214		266		—		—		5,105

	At or For the Three Months Ended September 30, 2021
	One-to-four family			Multi-family		Commercial real estate		Construction and land		Home equity		Auto and other consumer			Commercial business		Unallocated		Total
	(In thousands)
ALLL:
Beginning balance	$	3,356		$	1,816	$	3,674	$	2,221	$	393	$	2,368		$	464	$	296	$	14,588
(Recapture of) provision for loan losses		(117	)		101		278		260		24		58			26		70		700
Charge-offs		—			—		—		—		—		(421	)		—		—		(421	)
Recoveries		—			—		—		2		—		374			—		—		376
Ending balance	$	3,239		$	1,917	$	3,952	$	2,483	$	417	$	2,379		$	490	$	366	$	15,243

	At or For the Nine Months Ended September 30, 2021
	One-to-four family			Multi-family		Commercial real estate		Construction and land		Home equity			Auto and other consumer			Commercial business		Unallocated		Total
	(In thousands)
ALLL:
Beginning balance	$	3,469		$	1,764	$	3,420	$	1,461	$	368		$	2,642		$	429	$	294	$	13,847
(Recapture of) provision for loan losses		(236	)		153		532		1,016		44			(142	)		61		72		1,500
Charge-offs		—			—		—		—		(12	)		(801	)		—		—		(813	)
Recoveries		6			—		—		6		17			680			—		—		709
Ending balance	$	3,239		$	1,917	$	3,952	$	2,483	$	417		$	2,379		$	490	$	366	$	15,243

	At December 31, 2021
	One-to-four family		Multi-family		Commercial real estate		Construction and land		Home equity		Auto and other consumer		Commercial business		Unallocated		Total
	(In thousands)
Total ALLL	$	3,184	$	1,816	$	3,996	$	2,672	$	407	$	2,221	$	470	$	358	$	15,124
General reserve		3,159		1,816		3,996		2,672		402		2,138		470		358		15,011
Specific reserve		25		—		—		—		5		83		—		—		113
Total loans	$	294,965	$	172,409	$	363,299	$	224,709	$	39,172	$	182,769	$	79,838	$	—	$	1,357,161
Loans collectively evaluated (1)		292,708		172,409		363,228		224,687		38,839		182,257		79,838		—		1,353,966
Loans individually evaluated (2)		2,257		—		71		22		333		512		—		—		3,195

Impaired Financing Receivables [Table Text Block]

	September 30, 2022						December 31, 2021
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
	(In thousands)
With no allowance recorded:
One-to-four family	$	77	$	115	$	—	$	212	$	247	$	—
Commercial real estate		54		151		—		71		177		—
Construction and land		1,748		1,765		—		—		24		—
Home equity		—		—		—		26		59		—
Auto and other consumer		238		243		—		—		77		—
Total		2,117		2,274		—		309		584		—
With an allowance recorded:
One-to-four family		2,727		2,871		32		2,045		2,245		25
Construction and land		19		19		1		22		22		—
Home equity		214		216		3		307		329		5
Auto and other consumer		28		28		7		512		512		83
Total		2,988		3,134		43		2,886		3,108		113
Total impaired loans:
One-to-four family		2,804		2,986		32		2,257		2,492		25
Commercial real estate		54		151		—		71		177		—
Construction and land		1,767		1,784		1		22		46		—
Home equity		214		216		3		333		388		5
Auto and other consumer		266		271		7		512		589		83
Total	$	5,105	$	5,408	$	43	$	3,195	$	3,692	$	113

	Three Months Ended				Nine Months Ended
	September 30, 2022				September 30, 2022
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
	(In thousands)
With no allowance recorded:
One-to-four family	$	211	$	1	$	259	$	1
Commercial real estate		56		—		63		—
Construction and land		583		1		194		1
Home equity		—		—		3		—
Auto and other consumer		239		5		246		14
Total		1,089		7		765		16
With an allowance recorded:
One-to-four family		2,258		51		2,138		120
Commercial real estate		—		—		7		—
Construction and land		18		—		21		—
Home equity		232		3		273		8
Auto and other consumer		33		1		104		2
Total		2,541		55		2,543		130
Total impaired loans:
One-to-four family		2,469		52		2,397		121
Commercial real estate		56		—		70		—
Construction and land		601		1		215		1
Home equity		232		3		276		8
Auto and other consumer		272		6		350		16
Total	$	3,630	$	62	$	3,308	$	146

	Three Months Ended				Nine Months Ended
	September 30, 2021				September 30, 2021
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
	(In thousands)
With no allowance recorded:
One-to-four family	$	217	$	3	$	221	$	9
Multi-family		—		—		125		—
Commercial real estate		1,200		18		1,081		55
Home equity		31		—		34		1
Auto and other consumer		47		3		39		5
Total		1,495		24		1,500		70
With an allowance recorded:
One-to-four family		2,199		46		2,357		110
Commercial real estate		17		—		162		—
Construction and land		24		2		25		3
Home equity		122		3		117		—
Auto and other consumer		464		6		715		17
Total		2,826		57		3,376		130
Total impaired loans:
One-to-four family		2,416		49		2,578		119
Multi-family		—		—		125		—
Commercial real estate		1,217		18		1,243		55
Construction and land		24		2		25		3
Home equity		153		3		151		1
Auto and other consumer		511		9		754		22
Total	$	4,321	$	81	$	4,876	$	200

Financing Receivable, Nonaccrual [Table Text Block]

	September 30, 2022		December 31, 2021
	(In thousands)
One-to-four family	$	1,089	$	494
Commercial real estate		54		71
Construction and land		1,767		22
Home equity		187		282
Auto and other consumer		266		512
Total nonaccrual loans	$	3,363	$	1,381

Financing Receivable, Past Due [Table Text Block]

	30-59 Days		60-89 Days		90 Days or More		Total
	Past Due		Past Due		Past Due		Past Due		Current		Total Loans
	(In thousands)
Real Estate:
One-to-four family	$	1,529	$	—	$	623	$	2,152	$	332,915	$	335,067
Multi-family		—		—		—		—		243,256		243,256
Commercial real estate		—		—		—		—		385,272		385,272
Construction and land		—		—		1,750		1,750		215,425		217,175
Total real estate loans		1,529		—		2,373		3,902		1,176,868		1,180,770
Consumer:
Home equity		—		—		—		—		50,066		50,066
Auto and other consumer		1,514		366		154		2,034		221,066		223,100
Total consumer loans		1,514		366		154		2,034		271,132		273,166
Commercial business loans		4		—		—		4		71,265		71,269
Total loans	$	3,047	$	366	$	2,527	$	5,940	$	1,519,265	$	1,525,205

	30-59 Days		60-89 Days		90 Days or More		Total
	Past Due		Past Due		Past Due		Past Due		Current		Total Loans
	(In thousands)
Real Estate:
One-to-four family	$	786	$	—	$	—	$	786	$	294,179	$	294,965
Multi-family		—		—		—		—		172,409		172,409
Commercial real estate		—		—		—		—		363,299		363,299
Construction and land		293		—		—		293		224,416		224,709
Total real estate loans		1,079		—		—		1,079		1,054,303		1,055,382
Consumer:
Home equity		83		—		—		83		39,089		39,172
Auto and other consumer		469		368		99		936		181,833		182,769
Total consumer loans		552		368		99		1,019		220,922		221,941
Commercial business loans		7		—		—		7		79,831		79,838
Total loans	$	1,638	$	368	$	99	$	2,105	$	1,355,056	$	1,357,161

Financing Receivable Credit Quality Indicators [Table Text Block]

	Pass		Watch		Special Mention		Substandard		Total
	(In thousands)
Real Estate:
One-to-four family	$	330,386	$	3,358	$	—	$	1,323	$	335,067
Multi-family		227,505		15,751		—		—		243,256
Commercial real estate		344,907		28,514		10,526		1,325		385,272
Construction and land		201,238		402		13,465		2,070		217,175
Total real estate loans		1,104,036		48,025		23,991		4,718		1,180,770
Consumer:
Home equity		49,558		307		14		187		50,066
Auto and other consumer		221,890		847		107		256		223,100
Total consumer loans		271,448		1,154		121		443		273,166
Commercial business loans		64,308		6,610		351		—		71,269
Total loans	$	1,439,792	$	55,789	$	24,463	$	5,161	$	1,525,205

	Pass		Watch		Special Mention		Substandard		Total
	(In thousands)
Real Estate:
One-to-four family	$	291,421	$	2,727	$	53	$	764	$	294,965
Multi-family		153,704		18,705		—		—		172,409
Commercial real estate		326,444		22,850		3,057		10,948		363,299
Construction and land		215,262		295		9,130		22		224,709
Total real estate loans		986,831		44,577		12,240		11,734		1,055,382
Consumer:
Home equity		38,739		83		—		350		39,172
Auto and other consumer		181,356		835		65		513		182,769
Total consumer loans		220,095		918		65		863		221,941
Commercial business loans		79,616		222		—		—		79,838
Total loans	$	1,286,542	$	45,717	$	12,305	$	12,597	$	1,357,161

	Nonperforming		Performing		Total
	(In thousands)
Real Estate:
One-to-four family	$	1,089	$	333,978	$	335,067
Multi-family		—		243,256		243,256
Commercial real estate		54		385,218		385,272
Construction and land		1,767		215,408		217,175
Consumer:
Home equity		187		49,879		50,066
Auto and other consumer		420		222,680		223,100
Commercial business		—		71,269		71,269
Total loans	$	3,517	$	1,521,688	$	1,525,205

	Nonperforming		Performing		Total
	(In thousands)
Real Estate:
One-to-four family	$	494	$	294,471	$	294,965
Multi-family		—		172,409		172,409
Commercial real estate		71		363,228		363,299
Construction and land		22		224,687		224,709
Consumer:
Home equity		282		38,890		39,172
Auto and other consumer		512		182,257		182,769
Commercial business		—		79,838		79,838
Total loans	$	1,381	$	1,355,780	$	1,357,161

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	September 30, 2022		December 31, 2021
	(In thousands)
Total TDR loans	$	1,771	$	1,843
Allowance for loan losses related to TDR loans		18		21
Total nonaccrual TDR loans		29		29

	September 30, 2022
	Accrual		Nonaccrual		Total
	(In thousands)
One-to-four family	$	1,714	$	29	$	1,743
Home equity		28		—		28
Total TDR loans	$	1,742	$	29	$	1,771