Note 3 - Loans Receivable (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

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

	December 31,
	2022		2021
	(In Thousands)
Mortgage loans:
Residential real estate:
One- to four-family	$	469,567	$	300,523
Multi family		677,981		537,956
Home equity		11,455		11,012
Construction and land		62,494		82,588
Commercial real estate		262,973		250,676
Consumer		774		732
Commercial loans		24,934		22,298
Total loans receivable	$	1,510,178	$	1,205,785

Financing Receivable, Past Due [Table Text Block]

	As of December 31, 2022
	1-59 Days Past Due (1)		60-89 Days Past Due (2)		90 Days or Greater Past Due		Total Past Due		Current (3)		Total Loans
	(In Thousands)
Mortgage loans:
Residential real estate:
One- to four-family	$	2,328	$	-	$	3,618	$	5,946	$	463,621	$	469,567
Multi family		-		-		-		-		677,981		677,981
Home equity		14		-		65		79		11,376		11,455
Construction and land		-		-		-		-		62,494		62,494
Commercial real estate		-		233		-		233		262,740		262,973
Consumer		-		-		-		-		774		774
Commercial loans		3		-		-		3		24,931		24,934
Total	$	2,345	$	233	$	3,683	$	6,261	$	1,503,917	$	1,510,178

	As of December 31, 2021
	1-59 Days Past Due (1)		60-89 Days Past Due (2)		90 Days or Greater Past Due		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			Construction and Land			Commercial Real Estate			Consumer			Commercial			Total
	(In Thousands)
Year ended December 31, 2022
Balance at beginning of period	$	3,963		$	5,398		$	89		$	1,386		$	4,482		$	33		$	427		$	15,778
Adoption of CECL		88			100			58			886			(640	)		7			(69	)		430
Provision (credit) for credit losses - loans (1)		918			1,750			9			(923	)		(656	)		23			(91	)		1,030
Charge-offs		(304	)		-			-			-			-			(16	)		-			(320	)
Recoveries		78			727			18			3			13			-			-			839
Balance at end of period	$	4,743		$	7,975		$	174		$	1,352		$	3,199		$	47		$	267		$	17,757
Year ended December 31, 2021
Balance at beginning of period	$	5,459		$	5,600		$	194		$	1,755		$	5,138		$	35		$	642		$	18,823
Provision (credt) for loan losses		(2,294	)		(318	)		(121	)		(408	)		(650	)		16			(215	)		(3,990	)
Charge-offs		(151	)		-			-			(13	)		(10	)		(18	)		-			(192	)
Recoveries		949			116			16			52			4			-			-			1,137
Balance at end of period	$	3,963		$	5,398		$	89		$	1,386		$	4,482		$	33		$	427		$	15,778
Year ended December 31, 2020
Balance at beginning of period	$	4,907		$	4,138		$	201		$	610		$	2,145		$	14		$	372		$	12,387
Provision (credit) for loan losses		486			1,446			(21	)		1,151			2,977			31			270			6,340
Charge-offs		(82	)		(5	)		(13	)		(8	)		-			(10	)		-			(118	)
Recoveries		148			21			27			2			16			-			-			214
Balance at end of period	$	5,459		$	5,600		$	194		$	1,755		$	5,138		$	35		$	642		$	18,823

Schedule of Allowance for Credit Losses [Table Text Block]

	Years ended December 31,
	2022			2021			2020
	(In Thousands)
Provision (credit) for credit losses - loans (1) on:
Loans	$	1,030		$	(3,990	)	$	6,340
Unfunded commitments		(62	)		-			-
Investment securities		-			-			-
Total	$	968		$	(3,990	)	$	6,340

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
December 31, 2022	(In Thousands)
Allowance related to collateral dependent loans	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Allowance related to pooled loans		4,743		7,975		174		1,352		3,199		47		267		17,757
Allowance at end of period	$	4,743	$	7,975	$	174	$	1,352	$	3,199	$	47	$	267	$	17,757
Collateral dependent loans	$	2,584	$	-	$	40	$	-	$	5,455	$	-	$	-	$	8,079
Pooled loans		466,983		677,981		11,415		62,494		257,518		774		24,934		1,502,099
Total gross loans	$	469,567	$	677,981	$	11,455	$	62,494	$	262,973	$	774	$	24,934	$	1,510,178

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
December 31, 2021	(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 December 31, 2022
Substandard	$	4,209	$	-	$	98	$	-	$	5,454	$	-	$	61	$	9,822
Watch		5,696		192		96		2,227		5,203		-		2,023		15,437
Pass		459,662		677,789		11,261		60,267		252,316		774		22,850		1,484,919
Total	$	469,567	$	677,981	$	11,455	$	62,494	$	262,973	$	774	$	24,934	$	1,510,178
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
Total		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)
One- to four-family
Pass	$	246,437	$	55,494	$	37,438	$	21,813	$	20,580	$	76,568	$	1,332	$	459,662
Watch		4,823		-		-		-		-		873		-		5,696
Substandard		218		1,255		519		-		-		2,217		-		4,209
Total		251,478		56,749		37,957		21,813		20,580		79,658		1,332		469,567
Multi-family
Pass		255,100		144,731		139,386		44,221		22,689		70,905		757		677,789
Watch		-		-		-		-		-		192		-		192
Substandard		-		-		-		-		-		-		-		-
Total		255,100		144,731		139,386		44,221		22,689		71,097		757		677,981
Home equity
Pass		290		81		865		104		174		82		9,665		11,261
Watch		-		96		-		-		-		-		-		96
Substandard		22		18		-		-		-		-		58		98
Total		312		195		865		104		174		82		9,723		11,455
Construction and land
Pass		2,958		49,092		2,308		5,690		123		96		-		60,267
Watch		-		-		-		2,227		-		-		-		2,227
Substandard		-		-		-		-		-		-		-		-
Total		2,958		49,092		2,308		7,917		123		96		-		62,494
Commercial Real Estate
Pass		87,971		53,788		39,015		24,795		21,467		24,595		685		252,316
Watch		1,616		-		95		2,226		1,266		-		-		5,203
Substandard		-		-		-		-		5,454		-		-		5,454
Total		89,587		53,788		39,110		27,021		28,187		24,595		685		262,973
Consumer
Pass		19		-		-		-		-		-		755		774
Watch		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Total		19		-		-		-		-		-		755		774
Commercial
Pass		9,385		1,228		1,256		240		936		5,622		4,183		22,850
Watch		-		-		1,928		-		-		92		3		2,023
Substandard		61		-		-		-		-		-		-		61
Total		9,446		1,228		3,184		240		936		5,714		4,186		24,934
Total Loans	$	608,900	$	305,783	$	222,810	$	101,316	$	72,689	$	181,242	$	17,438	$	1,510,178

Impaired Financing Receivables [Table Text Block]

	As of or for the Year Ended December 31, 2021
	Recorded Investment		Unpaid Principal		Reserve		Cumulative Charge-Offs		Average Recorded Investment		Int Paid YTD
	(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	$	5,465	$	186
Multi family		128		128		-		-		129		4
Home equity		26		26		-		-		29		2
Construction and land		-		-		-		-		-		-
Commercial real estate		1,222		1,222		-		-		1,222		56
Consumer		-		-		-		-		-		-
Commercial		1,097		1,097		-		-		1,097		50
	$	7,893	$	7,923	$	-	$	30	$	7,942	$	298
Total Impaired
One- to four-family	$	5,420	$	5,450	$	-	$	30	$	5,465	$	186
Multi family		128		128		-		-		129		4
Home equity		26		26		-		-		29		2
Construction and land		-		-		-		-		-		-
Commercial real estate		1,222		1,222		-		-		1,222		56
Consumer		-		-		-		-		-		-
Commercial		1,097		1,097		-		-		1,097		50
	$	7,893	$	7,923	$	-	$	30	$	7,942	$	298

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	As of December 31, 2022
	Accruing				Non-accruing				Total
	Amount		Number		Amount		Number		Amount		Number
	(Dollars in Thousands)
One- to four-family	$	-		-	$	936		4	$	936		4
	$	-		-	$	936		4	$	936		4

	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 December 31, 2022
	Performing in accordance with modified terms				In Default				Total
	Amount		Number		Amount		Number		Amount		Number
	(Dollars in Thousands)
Interest reduction and principal forebearance	$	399		2	$	-		-	$	399		2
Interest reduction		18		1		-		-		18		1
Principal forebearance		519		1		-		-		519		1
Total	$	936		4	$	-		-	$	936		4

	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 forebearance	$	388		2	$	-		-	$	388		2
Interest reduction		24		1		-		-		24		1
Principal forebearance		3,577		4		-		-		3,577		4
Total	$	3,989		7	$	-		-	$	3,989		7

	For the Year Ended
	December 31, 2022				December 31, 2021
	Amount		Number		Amount		Number
	(Dollars in Thousands)
Loans modified as a troubled debt restructure
One- to four-family	$	63		1	$	1,258		2
Total	$	63		1	$	1,258		2

Financing Receivable, Nonaccrual [Table Text Block]

	As of December 31,
	2022			2021
	(Dollars in Thousands)
Residential
One- to four-family	$	4,209		$	5,420
Multi family		-			128
Home equity		98			26
Construction and land		-			-
Commercial real estate		-			-
Commercial		-			-
Consumer		-			-
Total non-accrual loans	$	4,307		$	5,574
Total non-accrual loans to total loans		0.29	%		0.46	%
Total non-accrual loans to total assets		0.21	%		0.25	%