Note 3 - Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2013

Note 3 - Loans and Allowance for Loan Losses (Tables) [Line Items]

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

	December 31,
	2013		2012
Real estate - residential mortgage:
One to four family units	$	815,746	$	2,280,856
Multi-family		-		-
Real estate - construction		4,529,410		6,274,241
Real estate - commercial		3,663,166		3,663,771
Commercial loans		6,776,230		2,793,457
Consumer and other loans		63,027		318,963
Total	$	15,847,579	$	15,331,288

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	2013
	Number of Loans		Pre-Modification Outstanding Recorded Balance		Post-Modification Outstanding Recorded Balance
Real estate - residential mortgage:
One to four family units		2	$	662,598	$	662,598
Multi-family		-		-		-
Real estate - construction		1		73,845		73,845
Real estate - commercial		2		3,275,179		3,297,014
Commercial loans		3		2,889,923		3,114,327
Consumer and other loans		-		-		-
Total		8	$	6,901,545	$	7,147,784

	2012
	Number of Loans		Pre-Modification Outstanding Recorded Balance		Post-Modification Outstanding Recorded Balance
Real estate - residential mortgage:
One to four family units		3	$	1,317,070	$	1,689,268
Multi-family		-		-		-
Real estate - construction		3		7,626,970		8,193,713
Real estate - commercial		2		2,316,745		2,316,745
Commercial loans		2		2,270,030		1,844,113
Consumer and other loans		-		-		-
Total		10	$	13,530,815	$	14,043,839

Financing Receivable Credit Quality Indicators [Table Text Block]

As of December 31, 2013
	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	31,433	$	169,135	$	83,341	$	45,768	$	78,622	$	16,743	$	425,042
Special Mention		7,253		4,721		8,954		420		9,161		107		30,616
Substandard		683		5,224		1,503		-		2,738		453		10,601
Doubtful		3,897		-		-		-		2,201		-		6,098
Total	$	43,266	$	179,080	$	93,798	$	46,188	$	92,722	$	17,303	$	472,357

As of 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

Recorded Investment in Impaired Loans [Member]

Note 3 - Loans and Allowance for Loan Losses (Tables) [Line Items]

Impaired Financing Receivables [Table Text Block]

As of December 31, 2013
	Recorded Balance		Unpaid Principal Balance		Specific Allowance		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	$	620	$	620	$	-	$	1,908	$	5
Multi-family		-		-		-		-		-
Real estate - construction		96		940		-		3,086		-
Real estate - commercial		3,663		3,663		-		4,310		40
Commercial loans		2,327		2,462		-		1,030		1
Consumer and other loans		-		-		-		91		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	267	$	267	$	8	$	286	$	-
Multi-family		-		-		-		-		-
Real estate - construction		4,433		4,433		890		2,606		-
Real estate - commercial		-		-		-		561		-
Commercial loans		4,449		5,148		601		3,047		-
Consumer and other loans		316		316		102		319		-
Total
Real estate - residential mortgage:
One to four family units	$	887	$	887	$	8	$	2,194	$	5
Multi-family		-		-		-		-		-
Real estate - construction		4,529		5,373		890		5,692		-
Real estate - commercial		3,663		3,663		-		4,871		40
Commercial loans		6,776		7,610		601		4,077		1
Consumer and other loans		316		316		102		410		-
Total	$	16,171	$	17,849	$	1,601	$	17,244	$	46

As of December 31, 2012
	Recorded Balance		Unpaid Principal Balance		Specific Allowance		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	$	2,245	$	2,271	$	-	$	1,961	$	20
Multi-family		-		-		-		-		-
Real estate - construction		5,015		5,575		-		3,528		-
Real estate - commercial		2,430		2,755		-		4,054		65
Commercial loans		318		689		-		1,831		17
Consumer and other loans		103		103		-		266		11
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	115	$	130	$	90	$	315	$	-
Multi-family		-		-		-		-		-
Real estate - construction		1,260		1,260		608		3,316		-
Real estate - commercial		3,243		3,243		180		6,913		-
Commercial loans		2,237		2,237		441		3,408		-
Consumer and other loans		311		311		48		307		-
Total
Real estate - residential mortgage:
One to four family units	$	2,360	$	2,401	$	90	$	2,276	$	20
Multi-family		-		-		-		-		-
Real estate - construction		6,275		6,835		608		6,844		-
Real estate - commercial		5,673		5,998		180		10,967		65
Commercial loans		2,555		2,926		441		5,239		17
Consumer and other loans		414		414		48		573		11
Total	$	17,277	$	18,574	$	1,367	$	25,899	$	113

Modification Type [Member]

Note 3 - Loans and Allowance for Loan Losses (Tables) [Line Items]

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	2013
	Interest Rate		Term		Combination		Total Modification
Real estate - residential mortgage:
One to four family units	$	417,070	$	-	$	245,528	$	662,598
Multi-family		-		-		-		-
Real estate - construction		-		73,845		-		73,845
Real estate - commercial		-		-		3,297,014		3,297,014
Commercial loans		-		-		3,114,327		3,114,327
Consumer and other loans		-		-		-		-
Total	$	417,070	$	73,845	$	6,656,869	$	7,147,784

	2012
	Interest Rate		Term		Combination		Total Modification
Real estate - residential mortgage:
One to four family units	$	305,600	$	1,383,668	$	-	$	1,689,268
Multi-family		-		-		-		-
Real estate - construction		6,884,800		1,308,913		-		8,193,713
Real estate - commercial		-		391,745		1,925,000		2,316,745
Commercial loans		-		1,844,113		-		1,844,113
Consumer and other loans		-		-		-		-
Total	$	7,190,400	$	4,928,439	$	1,925,000	$	14,043,839

Loan Balance by Category [Member]

Note 3 - Loans and Allowance for Loan Losses (Tables) [Line Items]

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

	December 31,
	2013			2012
Real estate - residential mortgage:
One to four family units	$	93,797,650		$	99,381,934
Multi-family		46,188,434			46,405,034
Real estate - construction		43,266,130			48,917,296
Real estate - commercial		179,079,433			167,760,850
Commercial loans		92,721,783			95,226,762
Consumer and other loans		17,303,392			16,716,858
Total loans		472,356,822			474,408,734
Less:
Allowance for loan losses		(7,801,600	)		(8,740,325	)
Deferred loan fees/costs, net		(175,368	)		(136,436	)
Net loans	$	464,379,854		$	465,531,973

Aging of Loans [Member]

Note 3 - Loans and Allowance for Loan Losses (Tables) [Line Items]

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

	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	$	246	$	337	$	-	$	583	$	93,215	$	93,798	$	-
Multi-family		-		-		-		-		46,188		46,188		-
Real estate - construction		-		-		536		536		42,730		43,266		-
Real estate - commercial		-		-		2,604		2,604		176,476		179,080		-
Commercial loans		-		2		3,628		3,630		89,092		92,722		-
Consumer and other loans		19		-		63		82		17,221		17,303		-
Total	$	265	$	339	$	6,831	$	7,435	$	464,922	$	472,357	$	-

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

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

As of December 31, 2013
	Construction			Commercial Real Estate			One to four family			Multi-family			Commercial			Consumer and Other			Unallocated		Total
	(In Thousands)
Allowance for loan losses:
Balance, beginning of year	$	2,525		$	2,517		$	1,316		$	284		$	1,689		$	255		$	154	$	8,740
Provision charged to expense		691			(181	)		(203	)		(75	)		988			125			205	$	1,550
Losses charged off		(879	)		(277	)		(139	)		-			(1,268	)		(164	)		-	$	(2,727	)
Recoveries		50			-			23			-			110			56			-	$	239
Balance, end of year	$	2,387		$	2,059		$	997		$	209		$	1,519		$	272		$	359	$	7,802
Ending balance: individually evaluated for impairment	$	890		$	-		$	8		$	-		$	601		$	102		$	-	$	1,601
Ending balance: collectively evaluated for impairment	$	1,497		$	2,059		$	989		$	209		$	918		$	170		$	359	$	6,201
Loans:
Ending balance: individually evaluated for impairment	$	4,530		$	3,663		$	886		$	-		$	6,776		$	316		$	-	$	16,171
Ending balance: collectively evaluated for impairment	$	38,736		$	175,417		$	92,912		$	46,188		$	85,946		$	16,987		$	-	$	456,186

As of December 31, 2012
	Construction			Commercial Real Estate			One to four family			Multi-family			Commercial			Consumer and Other			Unallocated			Total
	(In Thousands)
Allowance for loan losses:
Balance, beginning of year	$	2,508		$	2,725		$	1,735		$	390		$	1,948		$	372		$	935		$	10,613
Provision charged to expense		1,324			683			(179	)		(106	)		5,090			(81	)		(781	)	$	5,950
Losses charged off		(1,335	)		(985	)		(265	)		-			(5,547	)		(73	)		-		$	(8,205	)
Recoveries		28			94			25			-			198			37			-		$	382
Balance, end of year	$	2,525		$	2,517		$	1,316		$	284		$	1,689		$	255		$	154		$	8,740
Ending balance: individually evaluated for impairment	$	438		$	350		$	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

As of December 31, 2011
	Construction			Commercial Real Estate			One to four family			Multi-family			Commercial			Consumer and Other			Unallocated		Total
	(In Thousands)
Allowance for loan losses:
Balance, beginning of year	$	4,547		$	3,125		$	1,713		$	528		$	2,483		$	687		$	-	$	13,083
Provision charged to expense		265			2,123			943			(138	)		505			(1,283	)		935	$	3,350
Losses charged off		(2,381	)		(2,744	)		(966	)		-			(1,362	)		(322	)		-	$	(7,775	)
Recoveries		77			221			45			-			322			1,290			-	$	1,955
Balance, end of year	$	2,508		$	2,725		$	1,735		$	390		$	1,948		$	372		$	935	$	10,613
Ending balance: individually evaluated for impairment	$	1,355		$	659		$	127		$	-		$	399		$	72		$	-	$	2,612
Ending balance: collectively evaluated for impairment	$	1,153		$	2,066		$	1,608		$	390		$	1,549		$	300		$	935	$	8,001
Loans:
Ending balance: individually evaluated for impairment	$	8,515		$	5,019		$	1,819		$	-		$	3,048		$	653		$	-	$	19,054
Ending balance: collectively evaluated for impairment	$	36,397		$	189,837		$	96,212		$	43,166		$	85,040		$	20,105		$	-	$	470,757