Note 4 - Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2013

Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items]

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

	June 30,		December 31,
	2013		2012
Real estate - residential mortgage:
One to four family units	$	2,416,321	$	2,280,856
Multi-family		-		-
Real estate - construction		5,933,059		6,274,241
Real estate - commercial		3,381,121		3,663,771
Commercial loans		3,835,206		2,793,457
Consumer and other loans		285,636		318,963
Total	$	15,851,343	$	15,331,288

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	Number of Loans		Pre-Modification Outstanding Recorded Balance		Post-Modification Outstanding Recorded Balance
Real estate - residential mortgage:
One to four family units		1	$	245,528	$	245,528
Multi-family		-		-		-
Real estate - construction		-		-		-
Real estate - commercial		-		-		-
Commercial loans		-		-		-
Consumer and other loans		-		-		-
Total		1	$	245,528	$	245,528

	Interest Rate		Term		Combination		Total Modification
Real estate - residential mortgage:
One to four family units	$	-	$	-	$	245,528	$	245,528
Multi-family		-		-		-		-
Real estate - construction		-		-		-		-
Real estate - commercial		-		-		-		-
Commercial loans		-		-		-		-
Consumer and other loans		-		-		-		-
Total	$	-	$	-	$	245,528	$	245,528

	June 30,		December 31,
	2013		2012
Real estate - residential mortgage:
One to four family units	$	1,838,564	$	1,653,934
Multi-family		-		-
Real estate - construction		6,050,964		6,229,201
Real estate - commercial		5,170,591		2,246,508
Commercial loans		2,715,505		1,851,099
Consumer and other loans		-		-
Total	$	15,775,624	$	11,980,742

Financing Receivable Credit Quality Indicators [Table Text Block]

June 30, 2013	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	39,157	$	158,886	$	91,942	$	46,204	$	90,582	$	16,976	$	443,747
Special Mention		7,122		3,106		5,663		1,258		5,452		102		22,703
Substandard		5,988		5,616		3,113		-		5,097		763		20,577
Doubtful		-		1,717		-		-		-		-		1,717
Total	$	52,267	$	169,325	$	100,718	$	47,462	$	101,131	$	17,841	$	488,744

December 31, 2012	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	35,775	$	156,448	$	94,209	$	45,133	$	88,230	$	15,840	$	435,635
Special Mention		6,868		4,976		1,636		1,272		2,255		93		17,100
Substandard		5,581		6,337		3,507		-		4,742		784		20,951
Doubtful		693		-		30		-		-		-		723
Total	$	48,917	$	167,761	$	99,382	$	46,405	$	95,227	$	16,717	$	474,409

Loan Balance by Category [Member]

Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items]

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

	June 30,			December 31,
	2013			2012
Real estate - residential mortgage:
One to four family units	$	97,605,398		$	99,381,934
Multi-family		47,461,634			46,405,034
Real estate - construction		46,279,543			48,917,296
Real estate - commercial		163,708,672			167,760,850
Commercial loans		96,034,123			95,226,762
Consumer and other loans		17,077,653			16,716,858
Total loans		468,167,023			474,408,734
Less:
Allowance for loan losses		(8,377,284	)		(8,740,325	)
Deferred loan fees/costs, net		(142,871	)		(136,436	)
Net loans	$	459,646,868		$	465,531,973

Aging of Loans [Member]

Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items]

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

As of June 30, 2013
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans Receivable		Total Loans > 90 Days and Accruing
	(In Thousands)
Real estate - residential mortgage:
One to four family units	$	77	$	490	$	364	$	931	$	96,674	$	97,605	$	-
Multi-family		-		-		-		-		47,462		47,462		-
Real estate - construction		549		-		216		765		45,514		46,279		-
Real estate - commercial		4,570		-		-		4,570		159,139		163,709		-
Commercial loans		7		-		2,084		2,091		93,943		96,034		-
Consumer and other loans		16		-		-		16		17,062		17,078		-
Total	$	5,219	$	490	$	2,664	$	8,373	$	459,794	$	468,167	$	-

As of December 31, 2012
	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans Receivable		Total Loans > 90 Days and Accruing
	(In Thousands)
Real estate - residential mortgage:
One to four family units	$	52	$	4	$	-	$	56	$	99,326	$	99,382	$	-
Multi-family		-		-		-		-		46,405		46,405		-
Real estate - construction		22		28		640		690		48,227		48,917		-
Real estate - commercial		-		352		-		352		167,409		167,761		-
Commercial loans		10		610		785		1,405		93,822		95,227		-
Consumer and other loans		57		-		-		57		16,660		16,717		-
Total	$	141	$	994	$	1,425	$	2,560	$	471,849	$	474,409	$	-

Recorded Investment in Loans [Member]

Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items]

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

Three months ended June 30, 2013	Construction			Commercial Real Estate		One to four family			Multi-family		Commercial		Consumer and Other			Unallocated			Total
Allowance for loan losses:	(In Thousands)
Balance, beginning of period	$	2,253		$	1,911	$	1,234		$	285	$	1,460	$	275		$	694		$	8,112
Provision charged to expense		(282	)		115		66			6		542		(3	)		(194	)	$	250
Losses charged off		-			-		(74	)		-		-		(20	)		-		$	(94	)
Recoveries		28			-		3			-		63		15			-		$	109
Balance, end of period	$	1,999		$	2,026	$	1,229		$	291	$	2,065	$	267		$	500		$	8,377

Six months ended June 30, 2013	Construction			Commercial Real Estate			One to four family			Multi-family		Commercial			Consumer and Other			Unallocated		Total
Allowance for loan losses:	(In Thousands)
Balance, beginning of period	$	2,525		$	2,517		$	1,316		$	284	$	1,689		$	255		$	154	$	8,740
Provision charged to expense		(126	)		(305	)		40			7		651			37			346	$	650
Losses charged off		(438	)		(186	)		(134	)		-		(373	)		(53	)		-	$	(1,184	)
Recoveries		38			-			7			-		98			28			-	$	171
Balance, end of period	$	1,999		$	2,026		$	1,229		$	291	$	2,065		$	267		$	500	$	8,377

Three months ended June 30, 2012	Construction			Commercial Real Estate		One to four family			Multi-family		Commercial			Consumer and Other			Unallocated			Total
Allowance for loan losses:	(In Thousands)
Balance, beginning of period	$	3,239		$	2,620	$	1,606		$	389	$	1,816		$	387		$	917		$	10,974
Provision charged to expense		(877	)		1,736		(34	)		26		2,156			(25	)		(882	)	$	2,100
Losses charged off		-			-		-			-		(20	)		(15	)		-		$	(35	)
Recoveries		6			24		2			-		45			10			-		$	87
Balance, end of period	$	2,368		$	4,380	$	1,574		$	415	$	3,997		$	357		$	35		$	13,126

Six months ended June 30, 2012	Construction			Commercial Real Estate			One to four family			Multi-family		Commercial			Consumer and Other			Unallocated			Total
Allowance for loan losses:	(In Thousands)
Balance, beginning of period	$	2,508		$	2,725		$	1,735		$	390	$	1,948		$	372		$	935		$	10,613
Provision charged to expense		(156	)		2,095			(58	)		25		1,993			1			(900	)	$	3,000
Losses charged off		-			(478	)		(108	)		-		(20	)		(34	)		-		$	(640	)
Recoveries		16			38			5			-		76			18			-		$	153
Balance, end of period	$	2,368		$	4,380		$	1,574		$	415	$	3,997		$	357		$	35		$	13,126

As of June 30, 2013	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Unallocated		Total
Allowance for loan losses:	(In Thousands)
Ending balance: individually evaluated for impairment	$	152	$	-	$	5	$	-	$	894	$	48	$	-	$	1,099
Ending balance: collectively evaluated for impairment	$	1,847	$	2,026	$	1,224	$	291	$	1,171	$	219	$	500	$	7,278
Loans:
Ending balance: individually evaluated for impairment	$	5,934	$	5,127	$	2,480	$	-	$	3,835	$	400	$	-	$	17,776
Ending balance: collectively evaluated for impairment	$	40,345	$	158,582	$	95,125	$	47,462	$	92,199	$	16,678	$	-	$	450,391

December 31, 2012	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Unallocated		Total
Allowance for loan losses:	(In Thousands)
Ending balance: individually evaluated for impairment	$	608	$	180	$	90	$	-	$	441	$	48	$	-	$	1,367
Ending balance: collectively evaluated for impairment	$	2,087	$	2,167	$	1,226	$	284	$	1,248	$	207	$	154	$	7,373
Loans:
Ending balance: individually evaluated for impairment	$	6,275	$	5,673	$	2,360	$	-	$	2,555	$	414	$	-	$	17,277
Ending balance: collectively evaluated for impairment	$	42,642	$	162,088	$	97,022	$	46,405	$	92,672	$	16,303	$	-	$	457,132

Recorded Investment in Impaired Loans [Member]

Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items]

Impaired Financing Receivables [Table Text Block]

	June 30, 2013						December 31, 2012
	Recorded Balance		Unpaid Principal Balance		Specific Allowance		Recorded Balance		Unpaid Principal Balance		Specific Allowance
	(In Thousands)
Loans without a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	2,234	$	2,394	$	-	$	2,245	$	2,271	$	-
Multi-family		-		-		-		-		-		-
Real estate - construction		5,464		6,409		-		5,015		5,575		-
Real estate - commercial		5,127		5,452		-		2,430		2,755		-
Commercial loans		1,493		1,796		-		318		689		-
Consumer and other loans		118		118		-		103		103		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	246	$	246	$	5	$	115	$	130	$	90
Multi-family		-		-		-		-		-		-
Real estate - construction		470		470		152		1,260		1,260		608
Real estate - commercial		-		-		-		3,243		3,243		180
Commercial loans		2,342		2,653		894		2,237		2,237		441
Consumer and other loans		282		282		48		311		311		48
Total
Real estate - residential mortgage:
One to four family units	$	2,480	$	2,640	$	5	$	2,360	$	2,401	$	90
Multi-family		-		-		-		-		-		-
Real estate - construction		5,934		6,879		152		6,275		6,835		608
Real estate - commercial		5,127		5,452		-		5,673		5,998		180
Commercial loans		3,835		4,449		894		2,555		2,926		441
Consumer and other loans		400		400		48		414		414		48
Total	$	17,776	$	19,820	$	1,099	$	17,277	$	18,574	$	1,367

	For the Three Months Ended				For the Three Months Ended
	June 30, 2013				June 30, 2012
	Average Investment in Impaired Loans		Interest Income Recognized		Average Investment in Impaired Loans		Interest Income Recognized
	(In Thousands)
Loans without a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	2,164	$	1	$	1,410	$	7
Multi-family		-		-		-		-
Real estate - construction		5,320		-		3,200		-
Real estate - commercial		5,095		13		3,956		18
Commercial loans		648		-		2,403		5
Consumer and other loans		96		-		157		2
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	181	$	-	$	290	$	-
Multi-family		-		-		-		-
Real estate - construction		613		-		4,543		-
Real estate - commercial		-		-		10,803		-
Commercial loans		3,230		-		4,035		-
Consumer and other loans		305		-		265		-
Total
Real estate - residential mortgage:
One to four family units	$	2,345	$	1	$	1,700	$	7
Multi-family		-		-		-		-
Real estate - construction		5,933		-		7,743		-
Real estate - commercial		5,095		13		14,759		18
Commercial loans		3,878		-		6,438		5
Consumer and other loans		401		-		422		2
Total	$	17,652	$	14	$	31,062	$	32

	For the Six Months Ended				For the Six Months Ended
	June 30, 2013				June 30, 2012
	Average Investment in Impaired Loans		Interest Income Recognized		Average Investment in Impaired Loans		Interest Income Recognized
	(In Thousands)
Loans without a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	2,152	$	3	$	1,409	$	12
Multi-family		-		-		-		-
Real estate - construction		5,214		-		2,093		-
Real estate - commercial		4,142		36		4,803		31
Commercial loans		646		1		2,153		11
Consumer and other loans		99		-		270		10
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	144	$	-	$	447	$	-
Multi-family		-		-		-		-
Real estate - construction		859		-		5,782		-
Real estate - commercial		1,122		-		7,158		-
Commercial loans		2,756		-		3,153		-
Consumer and other loans		339		-		265		-
Total
Real estate - residential mortgage:
One to four family units	$	2,296	$	3	$	1,856	$	12
Multi-family		-		-		-		-
Real estate - construction		6,073		-		7,875		-
Real estate - commercial		5,264		36		11,961		31
Commercial loans		3,402		1		5,306		11
Consumer and other loans		438		-		535		10
Total	$	17,473	$	40	$	27,533	$	64