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Note 6 - Loans Held for Sale
 3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Loans Held for Sale [Text Block]
6.
Loans held for sale
 
Loans held for sale are carried at the lower of cost or estimated fair value. At
March 31, 2019
and
December 31, 2018,
the Bank did
not
have any 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 closes 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 include cash due upon the closing of the sale,
no
contingencies or recourse to the Company and servicing is released to the buyer. Additionally, at times the Company
may
sell participating interests in performing loans.
 
The following tables show loans sold during the period indicated:
 
    For the three months ended March 31, 2019
(Dollars in thousands)   Loans sold   Proceeds   Net Recoveries
(Charge-offs)		   Net gain
Delinquent and non-performing loans                                
Multi-family residential    
2
     $
765
     $
–
     $
63
  
One-to-four family - mixed-use property    
1
      
405
      
(1
 )    
–
  
                                 
Total    
3
     $
1,170
     $
(1
 )   $
63
  
 
    For the three months ended March 31, 2018
             
(Dollars in thousands)   Loans sold   Proceeds   Net loss
Delinquent and non-performing loans                        
Multi-family residential    
3
     $
964
     $
–
  
Commercial real estate    
1
      
1,500
      
(263
 )
                         
Total    
4
     $
2,464
     $
(263
 )