XML 28 R18.htm IDEA: XBRL DOCUMENT

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

9 Months Ended

Sep. 30, 2016

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

	September 30,			December 31,
	2016			2015
Real estate - residential mortgage:
One to four family units	$	109,391,522		$	98,257,417
Multi-family		38,192,064			41,603,670
Real estate - construction		41,305,779			45,462,895
Real estate - commercial		238,722,021			208,824,573
Commercial loans		81,739,377			81,006,897
Consumer and other loans		23,261,945			21,991,881
Total loans		532,612,708			497,147,333
Less:
Allowance for loan losses		(6,396,580	)		(5,811,940	)
Deferred loan fees/costs, net		(353,184	)		(333,486	)
Net loans	$	525,862,944		$	491,001,907

Past Due Financing Receivables [Table Text Block]

As of September 30, 2016
	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	$	244	$	295	$	164	$	703	$	108,689	$	109,392	$	-
Multi-family		-		-		-		-		38,192		38,192		-
Real estate - construction		-		-		-		-		41,306		41,306		-
Real estate - commercial		-		-		835		835		237,887		238,722		-
Commercial loans		-		-		612		612		81,127		81,739		-
Consumer and other loans		70		-		16		86		23,176		23,262		-
Total	$	314	$	295	$	1,627	$	2,236	$	530,377	$	532,613	$	-

As of December 31, 2015
	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	$	-	$	168	$	105	$	273	$	97,984	$	98,257	$	-
Multi-family		-		-		-		-		41,604		41,604		-
Real estate - construction		-		-		-		-		45,463		45,463		-
Real estate - commercial		-		-		1,079		1,079		207,745		208,824		-
Commercial loans		88		-		1,239		1,327		79,680		81,007		-
Consumer and other loans		2		8		-		10		21,982		21,992		-
Total	$	90	$	176	$	2,423	$	2,689	$	494,458	$	497,147	$	-

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

	September 30,		December 31,
	2016		2015
Real estate - residential mortgage:
One to four family units	$	2,137,884	$	2,272,535
Multi-family		-		-
Real estate - construction		7,536,662		8,079,807
Real estate - commercial		1,077,642		1,240,909
Commercial loans		943,259		2,149,333
Consumer and other loans		37,526		12,891
Total	$	11,732,973	$	13,755,475

Allowance for Credit Losses on Financing Receivables [Table Text Block]

Three months ended September 30, 2016	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	$	1,668	$	1,613	$	862	$	157	$	1,366		$	288		$	227		$	6,181
Provision charged to expense		282		86		6		6		(40	)		33			(173	)	$	200
Losses charged off		-		-		-		-		(11	)		(58	)		-		$	(69	)
Recoveries		46		-		17		-		8			14			-		$	85
Balance, end of period	$	1,996	$	1,699	$	885	$	163	$	1,323		$	277		$	54		$	6,397

Nine months ended September 30, 2016	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	$	1,246		$	1,526	$	821		$	177		$	1,382		$	223		$	437		$	5,812
Provision charged to expense		922			141		80			(14	)		102			102			(383	)	$	950
Losses charged off		(252	)		-		(47	)		-			(170	)		(132	)		-		$	(601	)
Recoveries		80			32		31			-			9			84			-		$	236
Balance, end of period	$	1,996		$	1,699	$	885		$	163		$	1,323		$	277		$	54		$	6,397

Three months ended September 30, 2015	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	$	1,346	$	1,945		$	805		$	151	$	1,893		$	232		$	279	$	6,651
Provision charged to expense		921		(363	)		(25	)		10		(410	)		(4	)		71	$	200
Losses charged off		-		-			(1	)		-		-			(46	)		-	$	(47	)
Recoveries		1		-			4			-		1			11			-	$	17
Balance, end of period	$	2,268	$	1,582		$	783		$	161	$	1,484		$	193		$	350	$	6,822

Nine months ended September 30, 2015	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	$	1,330	$	1,992		$	900		$	127	$	1,954		$	185		$	101	$	6,589
Provision charged to expense		929		(410	)		(32	)		34		(474	)		54			249	$	350
Losses charged off		-		-			(99	)		-		-			(80	)		-	$	(179	)
Recoveries		9		-			14			-		4			34			-	$	61
Balance, end of period	$	2,268	$	1,582		$	783		$	161	$	1,484		$	193		$	350	$	6,822

As of September 30, 2016	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	$	971	$	69	$	3	$	-	$	293	$	16	$	-	$	1,352
Ending balance: collectively evaluated for impairment	$	1,025	$	1,630	$	882	$	163	$	1,030	$	261	$	54	$	5,045
Loans:
Ending balance: individually evaluated for impairment	$	7,537	$	1,077	$	2,138	$	-	$	943	$	150	$	-	$	11,845
Ending balance: collectively evaluated for impairment	$	33,769	$	237,645	$	107,254	$	38,192	$	80,796	$	23,112	$	-	$	520,768

December 31, 2015	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	$	540	$	-	$	-	$	-	$	312	$	13	$	-	$	865
Ending balance: collectively evaluated for impairment	$	706	$	1,526	$	821	$	177	$	1,070	$	210	$	437	$	4,947
Loans:
Ending balance: individually evaluated for impairment	$	8,080	$	1,241	$	2,272	$	-	$	2,149	$	988	$	-	$	14,730
Ending balance: collectively evaluated for impairment	$	37,383	$	207,583	$	95,985	$	41,604	$	78,858	$	21,004	$	-	$	482,417

Impaired Financing Receivables [Table Text Block]

	September 30, 2016						December 31, 2015
	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	$	2,110	$	2,110	$	-	$	2,272	$	2,272	$	-
Multi-family		-		-		-		-		-		-
Real estate - construction		5,581		5,581		-		5,730		5,730		-
Real estate - commercial		242		242		-		1,241		1,241		-
Commercial loans		596		596		-		1,538		1,538		-
Consumer and other loans		37		38		-		904		904		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	28	$	28	$	3	$	-	$	-	$	-
Multi-family		-		-		-		-		-		-
Real estate - construction		1,956		4,696		971		2,350		4,838		540
Real estate - commercial		835		835		69		-		-		-
Commercial loans		347		800		293		611		914		312
Consumer and other loans		113		113		16		84		84		13
Total
Real estate - residential mortgage:
One to four family units	$	2,138	$	2,138	$	3	$	2,272	$	2,272	$	-
Multi-family		-		-		-		-		-		-
Real estate - construction		7,537		10,277		971		8,080		10,568		540
Real estate - commercial		1,077		1,077		69		1,241		1,241		-
Commercial loans		943		1,396		293		2,149		2,452		312
Consumer and other loans		150		151		16		988		988		13
Total	$	11,845	$	15,039	$	1,352	$	14,730	$	17,521	$	865

	For the Three Months Ended				For the Three Months Ended
	September 30, 2016				September 30, 2015
	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	$	2,153	$	-	$	1,340	$	1
Multi-family		-		-		-		-
Real estate - construction		5,597		-		1,528		-
Real estate - commercial		244		-		54		-
Commercial loans		657		-		640		-
Consumer and other loans		185		-		1,179		1
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	28	$	-	$	-	$	-
Multi-family		-		-		-		-
Real estate - construction		2,051		-		3,452		-
Real estate - commercial		278		-		-		-
Commercial loans		375		-		612		-
Consumer and other loans		110		-		-		-
Total
Real estate - residential mortgage:
One to four family units	$	2,181	$	-	$	1,340	$	1
Multi-family		-		-		-		-
Real estate - construction		7,648		-		4,980		-
Real estate - commercial		522		-		54		-
Commercial loans		1,032		-		1,252		-
Consumer and other loans		295		-		1,179		1
Total	$	11,678	$	-	$	8,805	$	2

	For the Nine Months Ended				For the Nine Months Ended
	September 30, 2016				September 30, 2015
	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	$	2,200	$	-	$	932	$	2
Multi-family		-		-		-		-
Real estate - construction		5,661		-		559		-
Real estate - commercial		657		-		18		-
Commercial loans		960		-		434		-
Consumer and other loans		114		1		402		1
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	23	$	-	$	304	$	-
Multi-family		-		-		-		-
Real estate - construction		2,222		-		2,937		-
Real estate - commercial		93		-		-		-
Commercial loans		489		-		618		-
Consumer and other loans		105		-		92		-
Total
Real estate - residential mortgage:
One to four family units	$	2,223	$	-	$	1,236	$	2
Multi-family		-		-		-		-
Real estate - construction		7,883		-		3,496		-
Real estate - commercial		750		-		18		-
Commercial loans		1,449		-		1,052		-
Consumer and other loans		219		1		494		1
Total	$	12,524	$	1	$	6,296	$	3

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	September 30, 2016		December 31, 2015
Real estate - residential mortgage:
One to four family units	$	1,569,183	$	1,556,964
Multi-family		-		-
Real estate - construction		7,536,662		8,079,807
Real estate - commercial		161,491		161,491
Commercial loans		416,980		1,442,476
Consumer and other loans		-		-
Total	$	9,684,316	$	11,240,738

Financing Receivable Credit Quality Indicators [Table Text Block]

September 30, 2016	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	33,769	$	230,410	$	103,048	$	38,192	$	75,379	$	22,991	$	503,789
Special Mention		-		5,924		2,802		-		4,544		-		13,270
Substandard		7,537		2,388		3,542		-		1,213		271		14,951
Doubtful		-		-		-		-		603		-		603
Total	$	41,306	$	238,722	$	109,392	$	38,192	$	81,739	$	23,262	$	532,613

December 31, 2015	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	37,383	$	198,230	$	91,267	$	41,604	$	73,407	$	21,775	$	463,666
Special Mention		-		3,657		3,319		-		2,267		-		9,243
Substandard		8,080		6,937		3,671		-		4,730		217		23,635
Doubtful		-		-		-		-		603		-		603
Total	$	45,463	$	208,824	$	98,257	$	41,604	$	81,007	$	21,992	$	497,147