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Note 4 - Loans Held for Sale
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Loans Held for Sale [Text Block]
4.
Loans held for sale
 
The Company has implemented a strategy of selling certain delinquent and non-performing loans. Once the Company has decided to sell a loan, the sale usually will close in a short period of time, generally within the same quarter. Loans designated held for sale are reclassified from loans held for investment to loans held for sale. Terms of sale generally include cash due upon the closing of the sale, no contingencies or recourse to the Company and servicing is released to the buyer.
The following tables show delinquent and non-performing loans sold during the period indicated:
 
    For the year ended December 31, 2016
                 
(Dollars in thousands)   Loans sold   Proceeds   Net recoveries   Net gain
                 
Multi-family residential    
9
     $
2,680
     $
1
     $
3
  
Commercial real estate    
2
      
192
      
-
      
-
  
One-to-four family - mixed-use property    
15
      
5,093
      
47
      
262
  
                                 
Total    
26
     $
7,965
     $
48
     $
265
  
 
The above table does not include the sale of
six
performing Small Business Administration loans for proceeds totaling
$3.5
million, recording a net gain of
$0.3
million during the year ended
December
31,
2016.
 
    For the year ended December 31, 2015
                 
(Dollars in thousands)   Loans sold   Proceeds   Net recoveries   Net gain (loss)
                 
Multi-family residential    
9
     $
3,540
     $
134
     $
(1
 )
Commercial real estate    
4
      
2,615
      
-
      
13
  
One-to-four family - mixed-use property    
10
      
2,831
      
-
      
57
  
                                 
Total    
23
     $
8,986
     $
134
     $
69
  
 
The above table does not include the sale of
one
performing commercial real estate loan for proceeds of
$3.1
million and the sale of
five
performing small business administration loans for proceeds totaling
$4.2
million during the year ended
December
31,
2015.
These loans were sold for a combined net gain on sale of
$0.3
million.
 
    For the year ended December 31, 2014
            Net (charge-offs)    
(Dollars in thousands)   Loans sold   Proceeds   recoveries   Net gain
                 
Multi-family residential    
12
     $
5,759
     $
(80
 )   $
9
  
Commercial real estate    
6
      
4,635
      
295
      
8
  
One-to-four family - mixed-use property    
14
      
5,399
      
122
      
50
  
Commercial business and other    
2
      
64
      
20
      
-
  
                                 
Total    
34
     $
15,857
     $
357
     $
67