Note 3 - Loans Receivable (Tables)

6 Months Ended

Jun. 30, 2022

Notes Tables

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

	June 30, 2022		December 31, 2021
	(In Thousands)
Mortgage loans:
Residential real estate:
One- to four-family	$	312,657	$	300,523
Multi-family		597,304		537,956
Home equity		10,552		11,012
Construction and land		70,075		82,588
Commercial real estate		266,375		250,676
Consumer		740		732
Commercial loans		18,857		22,298
Total	$	1,276,560	$	1,205,785

Financing Receivable, Past Due [Table Text Block]

	As of June 30, 2022
	1-59 Days Past Due (1)		60-89 Days Past Due (2)		90 Days or Greater		Total Past Due		Current (3)		Total Loans
	(In Thousands)
Mortgage loans:
Residential real estate:
One- to four-family	$	1,269	$	170	$	6,165	$	7,604	$	305,053	$	312,657
Multi-family		-		-		-		-		597,304		597,304
Home equity		-		-		68		68		10,484		10,552
Construction and land		-		-		-		-		70,075		70,075
Commercial real estate		-		-		-		-		266,375		266,375
Consumer		-		-		-		-		740		740
Commercial loans		-		-		-		-		18,857		18,857
Total	$	1,269	$	170	$	6,233	$	7,672	$	1,268,888	$	1,276,560

	As of December 31, 2021
	1-59 Days Past Due (1)		60-89 Days Past Due (2)		90 Days or Greater		Total Past Due		Current (3)		Total Loans
	(In Thousands)
Mortgage loans:
Residential real estate:
One- to four-family	$	622	$	2,028	$	4,214	$	6,864	$	293,659	$	300,523
Multi-family		-		-		128		128		537,828		537,956
Home equity		14		23		26		63		10,949		11,012
Construction and land		-		-		-		-		82,588		82,588
Commercial real estate		-		-		-		-		250,676		250,676
Consumer		-		-		-		-		732		732
Commercial loans		7		-		-		7		22,291		22,298
Total	$	643	$	2,051	$	4,368	$	7,062	$	1,198,723	$	1,205,785

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

	One- to Four-Family			Multi-Family		Home Equity			Land and Construction			Commercial Real Estate			Consumer			Commercial			Total
	(In Thousands)
Six months ended June 30, 2022
Balance at beginning of period	$	3,963		$	5,398	$	89		$	1,386		$	4,482		$	33		$	427		$	15,778
Adoption		88			100		58			886			(640	)		7			(69	)		430
Provision (credit) for credit losses - loans		600			1,167		6			(584	)		(694	)		7			(162	)		340
Charge-offs		(65	)		-		-			-			-			(5	)		-			(70	)
Recoveries		43			726		10			2			12			-			-			793
Balance at end of period	$	4,629		$	7,391	$	163		$	1,690		$	3,160		$	42		$	196		$	17,271
Six months ended June 30, 2021
Balance at beginning of period	$	5,459		$	5,600	$	194		$	1,755		$	5,138		$	35		$	642		$	18,823
Provision (credit) for loan losses		(1,745	)		393		(46	)		(487	)		44			(1	)		22		$	(1,820	)
Charge-offs		(39	)		-		-			-			-			-			-		$	(39	)
Recoveries		350			35		8			51			2			-			-		$	446
Balance at end of period	$	4,025		$	6,028	$	156		$	1,319		$	5,184		$	34		$	664		$	17,410

	One to-Four- Family			Multi-Family			Home Equity			Construction and Land			Commercial Real Estate			Consumer			Commercial			Total
	(In Thousands)
Three months ended June 30, 2022
Balance at beginning of period	$	4,415		$	6,562		$	185		$	1,831		$	3,631		$	41		$	240		$	16,905
Provision (credit) for credit losses - loans		264			675			(27	)		(142	)		(472	)		5			(44	)		259
Charge-offs		(65	)		-			-			-			-			(4	)		-			(69	)
Recoveries		15			154			5			1			1			-			-			176
Balance at end of period	$	4,629		$	7,391		$	163		$	1,690		$	3,160		$	42		$	196		$	17,271
Three months ended June 30, 2021
Balance at beginning of period	$	4,596		$	6,044		$	183		$	1,251		$	5,017		$	33		$	658		$	17,782
Provision for loan losses		(883	)		(28	)		(31	)		18			167			1			6			(750	)
Charge-offs		(25	)		-			-			-			-			-			-			(25	)
Recoveries		337			12			4			50			-			-			-			403
Balance at end of period	$	4,025		$	6,028		$	156		$	1,319		$	5,184		$	34		$	664		$	17,410

Schedule of Allowance for Credit Losses [Table Text Block]

	Three months ended						Six months ended
	June 30, 2022			June 30, 2021			June 30, 2022			June 30, 2021
	(In Thousands)
Provision for credit losses on:
Loans	$	259		$	(750	)	$	340		$	(1,820	)
Unfunded commitments		(211	)		-			(368	)		-
Investment securities		-			-			-			-
Total	$	48		$	(750	)	$	(28	)	$	(1,820	)

Schedule of Collateral Dependent Loans [Table Text Block]

	One- to Four- Family		Multi-Family		Home Equity		Construction and Land		Commercial Real Estate		Consumer		Commercial		Total
	(In Thousands)
Allowance related to collateral dependent loans	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Allowance related to pooled loans		4,629		7,391		163		1,690		3,160		42		196		17,271
Allowance at end of period	$	4,629	$	7,391	$	163	$	1,690	$	3,160	$	42	$	196	$	17,271
Collateral dependent loans	$	5,870	$	-	$	45	$	-	$	5,530	$	-	$	-	$	11,445
Pooled loans		306,787		597,304		10,507		70,075		260,845		740		18,857		1,265,115
Total gross loans	$	312,657	$	597,304	$	10,552	$	70,075	$	266,375	$	740	$	18,857	$	1,276,560

Schedule of Allowance for Loan Loss for Loans Evaluated Individually and Collectively for Impairment [Table Text Block]

	One- to Four- Family		Multi-Family		Home Equity		Construction and Land		Commercial Real Estate		Consumer		Commercial		Total
	(In Thousands)
Allowance related to loans individually evaluated for impairment	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Allowance related to loans collectively evaluated for impairment		3,963		5,398		89		1,386		4,482		33		427		15,778
Balance at end of period	$	3,963	$	5,398	$	89	$	1,386	$	4,482	$	33	$	427	$	15,778
Loans individually evaluated for impairment	$	5,420	$	128	$	26	$	-	$	1,222	$	-	$	1,097	$	7,893
Loans collectively evaluated for impairment		295,103		537,828		10,986		82,588		249,454		732		21,201		1,197,892
Total gross loans	$	300,523	$	537,956	$	11,012	$	82,588	$	250,676	$	732	$	22,298	$	1,205,785

Financing Receivable Credit Quality Indicators [Table Text Block]

	One to Four-Family		Multi-Family		Home Equity		Construction and Land		Commercial Real Estate		Consumer		Commercial		Total
	(In Thousands)
At June 30, 2022
Substandard	$	7,466	$	-	$	89	$	-	$	5,530	$	-	$	-	$	13,085
Watch		7,912		-		-		2,268		5,286		-		3,604		19,070
Pass		297,279		597,304		10,463		67,807		255,559		740		15,253		1,244,405
	$	312,657	$	597,304	$	10,552	$	70,075	$	266,375	$	740	$	18,857	$	1,276,560
At December 31, 2021
Substandard	$	5,420	$	128	$	26	$	-	$	6,827	$	-	$	1,097	$	13,498
Watch		7,937		-		37		4,212		5,870		-		3,194		21,250
Pass		287,166		537,828		10,949		78,376		237,979		732		18,007		1,171,037
	$	300,523	$	537,956	$	11,012	$	82,588	$	250,676	$	732	$	22,298	$	1,205,785

	2022		2021		2020		2019		2018		Prior		Revolving		Total
		(In Thousands)
1-4 Family
Pass	$	58,540	$	41,404	$	49,862	$	28,043	$	26,593	$	89,955	$	2,882	$	297,279
Watch		7,730		-		-		-		-		182		-		7,912
Substandard		450		2,180		679		1,918		-		2,239		-		7,466
Total		66,720		43,584		50,541		29,961		26,593		92,376		2,882		312,657
Multi-family
Pass		156,501		147,138		144,810		48,090		22,999		77,205		561		597,304
Watch		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Total		156,501		147,138		144,810		48,090		22,999		77,205		561		597,304
Home equity
Pass		128		207		1,005		132		179		115		8,697		10,463
Watch		-		-		-		-		-		-		-		-
Substandard		46		-		-		-		-		9		34		89
Total		174		207		1,005		132		179		124		8,731		10,552
Construction and land
Pass		1,729		46,464		14,307		5,028		124		155		-		67,807
Watch		-		-		-		2,268		-		-		-		2,268
Substandard		-		-		-		-		-		-		-		-
Total		1,729		46,464		14,307		7,296		124		155		-		70,075
Commercial Real Estate
Pass		57,932		56,303		40,292		38,678		22,340		39,142		872		255,559
Watch		1,250		194		-		2,278		1,296		268		-		5,286
Substandard		-		-		-		-		5,530		-		-		5,530
Total		59,182		56,497		40,292		40,956		29,166		39,410		872		266,375
Consumer
Pass		46		-		-		-		-		-		694		740
Watch		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Total		46		-		-		-		-		-		694		740
Commercial
Pass		1,515		1,435		1,407		484		993		5,869		3,550		15,253
Watch		1,470		-		2,028		-		-		106		-		3,604
Substandard		-		-		-		-		-		-		-		-
Total		2,985		1,435		3,435		484		993		5,975		3,550		18,857
Total Loans	$	287,337	$	295,325	$	254,390	$	126,919	$	80,054	$	215,245	$	17,290	$	1,276,560

Impaired Financing Receivables [Table Text Block]

	As of December 31, 2021
	Recorded		Unpaid				Cumulative
	Investment		Principal		Reserve		Charge-Offs
	(In Thousands)
Total Impaired with Reserve
One- to four-family	$	-	$	-	$	-	$	-
Multi-family		-		-		-		-
Home equity		-		-		-		-
Construction and land		-		-		-		-
Commercial real estate		-		-		-		-
Consumer		-		-		-		-
Commercial		-		-		-		-
		-		-		-		-
Total Impaired with no Reserve
One- to four-family		5,420		5,450		-		30
Multi-family		128		128		-		-
Home equity		26		26		-		-
Construction and land		-		-		-		-
Commercial real estate		1,222		1,222		-		-
Consumer		-		-		-		-
Commercial		1,097		1,097		-		-
		7,893		7,923		-		30
Total Impaired
One- to four-family		5,420		5,450		-		30
Multi-family		128		128		-		-
Home equity		26		26		-		-
Construction and land		-		-		-		-
Commercial real estate		1,222		1,222		-		-
Consumer		-		-		-		-
Commercial		1,097		1,097		-		-
	$	7,893	$	7,923	$	-	$	30

	2021
	Average
	Recorded		Interest
	Investment		Paid
	(In Thousands)
Total Impaired with Reserve
One- to four-family	$	-	$	-
Multi-family		-		-
Home equity		-		-
Construction and land		-		-
Commercial real estate		-		-
Consumer		-		-
Commercial		-		-
		-		-
Total Impaired with no Reserve
One- to four-family		5,109		105
Multi-family		315		1
Home equity		79		2
Construction and land		43		-
Commercial real estate		1,251		28
Consumer		-		-
Commercial		1,097		25
		7,894		161
Total Impaired
One- to four-family		5,109		105
Multi-family		315		1
Home equity		79		2
Construction and land		43		-
Commercial real estate		1,251		28
Consumer		-		-
Commercial		1,097		25
	$	7,894	$	161

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	As of June 30, 2022
	Accruing				Non-accruing				Total
	Amount		Number		Amount		Number		Amount		Number
	(Dollars in Thousands)
One- to four-family	$	-		-	$	2,045		7	$	2,045		7
	$	-		-	$	2,045		7	$	2,045		7

	As of December 31, 2021
	Accruing				Non-accruing				Total
	Amount		Number		Amount		Number		Amount		Number
	(Dollars in Thousands)
One- to four-family	$	-		-	$	1,670		5	$	1,670		5
Commercial real estate		1,222		1		-		-		1,222		1
Commercial		1,097		1		-		-		1,097		1
	$	2,319		2	$	1,670		5	$	3,989		7

	As of June 30, 2022
	Performing in accordance with modified terms				In Default				Total
	Amount		Number		Amount		Number		Amount		Number
	(Dollars in Thousands)
Interest reduction and principal forbearance	$	1,000		4	$	345		1	$	1,345		5
Interest reduction		21		1		-		-		21		1
Principal forbearance		679		1		-		-		679		1
	$	1,700		6	$	345		1	$	2,045		7

	As of December 31, 2021
	Performing in accordance with modified terms				In Default				Total
	Amount		Number		Amount		Number		Amount		Number
	(Dollars in Thousands)
Interest reduction and principal forbearance	$	388		2	$	-		-	$	388		2
Interest reduction		24		1		-		-		24		1
Principal forbearance		3,577		4		-		-		3,577		4
	$	3,989		7	$	-		-	$	3,989		7

Financing Receivable, Nonaccrual [Table Text Block]

	June 30, 2022			December 31, 2021
	(Dollars in Thousands)
Non-accrual loans:
Residential
One- to four-family	$	7,404		$	5,420
Multi-family		-			128
Home equity		89			26
Construction and land		-			-
Commercial real estate		-			-
Commercial		-			-
Consumer		-			-
Total non-accrual loans	$	7,493		$	5,574
Total non-accrual loans to total loans receivable		0.59	%		0.46	%
Total non-accrual loans to total assets		0.39	%		0.25	%