Note 16 - Concentration of Credit Risk

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

16.

Concentration of Credit Risk

The Company’s lending is concentrated in the New York City metropolitan area. The Company evaluates each customer’s creditworthiness on a case-by-case basis under the Company’s established underwriting policies. The collateral obtained by the Company generally consists of

first

liens on

one

-to-

four

family residential, multi-family residential, and commercial real estate. At

December

31,

2016,

the largest amount the Bank could lend to

one

borrower was approximately

$91.1

 million, and at that date, the Bank’s largest aggregate amount of loans to

one

borrower was

$74.0

million, all of which were performing according to their terms.