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

3 Months Ended

Mar. 31, 2014

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

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

	March 31, 2014		December 31, 2013
Real estate - residential mortgage:
One to four family units	$	937,672	$	815,746
Multi-family		-		-
Real estate - construction		3,992,118		4,529,410
Real estate - commercial		1,136,241		3,663,166
Commercial loans		4,828,177		6,776,230
Consumer and other loans		-		63,027
Total	$	10,894,208	$	15,847,579

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		-	$	-	$	-
Multi-family		-		-		-
Real estate - construction		-		-		-
Real estate - commercial		-		-		-
Commercial loans		3		931,026		931,026
Consumer and other loans		-		-		-
Total		3	$	931,026	$	931,026

Financing Receivable Credit Quality Indicators [Table Text Block]

March 31, 2014	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	23,980	$	180,609	$	84,851	$	31,809	$	73,249	$	16,928	$	411,426
Special Mention		7,428		4,688		8,248		-		8,998		105		29,467
Substandard		139		2,603		1,449		418		3,047		268		7,924
Doubtful		3,898		500		-		-		923		-		5,321
Total	$	35,445	$	188,400	$	94,548	$	32,227	$	86,217	$	17,301	$	454,138

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

Recorded Investment in Impaired Loans [Member]

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

Impaired Financing Receivables [Table Text Block]

	March 31, 2014						December 31, 2013
	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	$	676	$	676	$	-	$	620	$	620	$	-
Multi-family		-		-		-		-		-		-
Real estate - construction		94		94		-		96		940		-
Real estate - commercial		386		386		-		3,663		3,663		-
Commercial loans		3,584		4,301		-		2,327		2,462		-
Consumer and other loans		-		-		-		-		-		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	262	$	262	$	8	$	267	$	267	$	8
Multi-family		-		-		-		-		-		-
Real estate - construction		3,898		4,742		739		4,433		4,433		890
Real estate - commercial		750		750		253		-		-		-
Commercial loans		2,075		2,075		657		4,449		5,148		601
Consumer and other loans		421		421		24		316		316		102
Total
Real estate - residential mortgage:
One to four family units	$	938	$	938	$	8	$	887	$	887	$	8
Multi-family		-		-		-		-		-		-
Real estate - construction		3,992		4,836		739		4,529		5,373		890
Real estate - commercial		1,136		1,136		253		3,663		3,663		-
Commercial loans		5,659		6,376		657		6,776		7,610		601
Consumer and other loans		421		421		24		316		316		102
Total	$	12,146	$	13,707	$	1,681	$	16,171	$	17,849	$	1,601

	For the Three Months Ended March 31, 2014				For the Three Months Ended March 31, 2013
	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	$	681	$	1	$	2,140	$	2
Multi-family		-		-		-		-
Real estate - construction		95		-		5,107		-
Real estate - commercial		553		-		3,190		23
Commercial loans		2,689		-		643		1
Consumer and other loans		-		-		102		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	334	$	-	$	107	$	-
Multi-family		-		-		-		-
Real estate - construction		4,234		-		1,104		-
Real estate - commercial		250		-		2,245		-
Commercial loans		3,096		-		2,281		-
Consumer and other loans		478		-		374		-
Total
Real estate - residential mortgage:
One to four family units	$	1,015	$	1	$	2,247	$	2
Multi-family		-		-		-		-
Real estate - construction		4,329		-		6,211		-
Real estate - commercial		803		-		5,435		23
Commercial loans		5,785		-		2,924		1
Consumer and other loans		478		-		476		-
Total	$	12,410	$	1	$	17,293	$	26

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]

	March 31, 2014			December 31, 2013
Real estate - residential mortgage:
One to four family units	$	94,547,623		$	93,797,650
Multi-family		32,226,919			46,188,434
Real estate - construction		35,445,018			43,266,130
Real estate - commercial		188,399,937			179,079,433
Commercial loans		86,217,119			92,721,783
Consumer and other loans		17,301,258			17,303,392
Total loans		454,137,874			472,356,822
Less:
Allowance for loan losses		(7,761,135	)		(7,801,600	)
Deferred loan fees/costs, net		(162,406	)		(175,368	)
Net loans	$	446,214,333		$	464,379,854

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 March 31, 2014
	30-59 Days Past Due		60-89 Days Past Due		90 Days and more Past Due		Total Past Due		Current		Total Loans Receivable		Total Loans > 90 Days and Accruing
	(In Thousands)
Real estate - residential mortgage:
One to four family units	$	70	$	64	$	-	$	134	$	94,414	$	94,548	$	-
Multi-family		-		-		-		-		32,227		32,227		-
Real estate - construction		-		-		-		-		35,445		35,445		-
Real estate - commercial		-		-		-		-		188,400		188,400		-
Commercial loans		159		-		899		1,058		85,159		86,217		-
Consumer and other loans		-		-		-		-		17,301		17,301		-
Total	$	229	$	64	$	899	$	1,192	$	452,946	$	454,138	$	-

As of December 31, 2013
	30-59 Days Past Due		60-89 Days Past Due		90 Days and more Past Due		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	$	-

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]

March 31, 2014	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	$	2,387		$	2,059	$	997		$	209		$	1,519		$	272		$	359		$	7,802
Provision charged to expense		(380	)		285		49			(62	)		437			(43	)		(86	)	$	200
Losses charged off		-			-		(86	)		-			(164	)		(19	)		-		$	(269	)
Recoveries		1			-		2			-			7			18			-		$	28
Balance, end of period	$	2,008		$	2,344	$	962		$	147		$	1,799		$	228		$	273		$	7,761

March 31, 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		156			(420	)		(26	)		1		109			40			540	$	400
Losses charged off		(438	)		(186	)		(60	)		-		(373	)		(33	)		-	$	(1,090	)
Recoveries		10			-			4			-		35			13			-	$	62
Balance, end of period	$	2,253		$	1,911		$	1,234		$	285	$	1,460		$	275		$	694	$	8,112

March 31, 2014	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	$	739	$	253	$	8	$	-	$	657	$	24	$	-	$	1,681
Ending balance: collectively evaluated for impairment	$	1,269	$	2,091	$	954	$	147	$	1,142	$	204	$	273	$	6,080
Loans:
Ending balance: individually evaluated for impairment	$	3,992	$	1,136	$	938	$	-	$	5,659	$	421	$	-	$	12,146
Ending balance: collectively evaluated for impairment	$	31,453	$	187,264	$	93,610	$	32,227	$	80,558	$	16,880	$	-	$	441,992

December 31, 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	$	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

Modification Type [Member]

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

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	Interest Rate		Term		Combination		Total Modification
Real estate - residential mortgage:
One to four family units	$	-	$	-	$	-	$	-
Multi-family		-		-		-		-
Real estate - construction		-		-		-		-
Real estate - commercial		-		-		-		-
Commercial loans		-		100,000		831,026		931,026
Consumer and other loans		-		-		-		-
Total	$	-	$	100,000	$	831,026	$	931,026

Carrying Balance [Member]

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

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	March 31, 2014		December 31, 2013
Real estate - residential mortgage:
One to four family units	$	511,685	$	519,718
Multi-family		-		-
Real estate - construction		3,971,464		4,507,190
Real estate - commercial		500,007		3,026,931
Commercial loans		2,717,035		3,699,243
Consumer and other loans		-		-
Total	$	7,700,191	$	11,753,082