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Note 3 - Loans and Allowance for Loan Losses (Tables)
12 Months Ended
Dec. 31, 2017
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
   
December 31,
 
   
2017
   
2016
 
Real estate - residential mortgage:
               
One to four family units
  $
106,300,790
    $
106,410,559
 
Multi-family
   
85,225,074
     
48,483,523
 
Real estate - construction
   
64,743,582
     
40,912,307
 
Real estate - commercial
   
261,866,285
     
249,580,873
 
Commercial loans
   
94,522,840
     
75,404,732
 
Consumer and other loans
   
24,716,447
     
23,606,306
 
Total loans
   
637,375,018
     
544,398,300
 
Less:
               
Allowance for loan losses
   
(7,107,418
)    
(5,742,449
)
Deferred loan fees/costs, net
   
(662,591
)    
(382,211
)
Net loans
  $
629,605,009
    $
538,273,640
 
Past Due Financing Receivables [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
  $
510
    $
731
    $
2,495
    $
3,736
    $
102,565
    $
106,301
    $
-
 
Multi-family
   
775
     
-
     
-
     
775
     
84,450
     
85,225
     
-
 
Real estate - construction
   
-
     
-
     
-
     
-
     
64,744
     
64,744
     
-
 
Real estate - commercial
   
243
     
135
     
-
     
378
     
261,488
     
261,866
     
-
 
Commercial loans
   
276
     
-
     
588
     
864
     
93,659
     
94,523
     
-
 
Consumer and other loans
   
8
     
8
     
-
     
16
     
24,700
     
24,716
     
-
 
Total
  $
1,812
    $
874
    $
3,083
    $
5,769
    $
631,606
    $
637,375
    $
-
 
   
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
  $
367
    $
495
    $
103
    $
965
    $
105,446
    $
106,411
    $
-
 
Multi-family
   
-
     
-
     
-
     
-
     
48,483
     
48,483
     
-
 
Real estate - construction
   
-
     
-
     
-
     
-
     
40,912
     
40,912
     
-
 
Real estate - commercial
   
-
     
-
     
-
     
-
     
249,581
     
249,581
     
-
 
Commercial loans
   
-
     
-
     
593
     
593
     
74,812
     
75,405
     
-
 
Consumer and other loans
   
-
     
-
     
38
     
38
     
23,568
     
23,606
     
-
 
Total
  $
367
    $
495
    $
734
    $
1,596
    $
542,802
    $
544,398
    $
-
 
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
   
December 31,
 
   
2017
   
2016
 
Real estate - residential mortgage:
     
 
 
One to four family units
  $
4,423,074
    $
2,060,180
 
Multi-family
   
-
     
-
 
Real estate - construction
   
4,452,409
     
5,446,896
 
Real estate - commercial
   
161,491
     
161,491
 
Commercial loans
   
802,628
     
925,281
 
Consumer and other loans
   
121,915
     
37,791
 
Total
  $
9,961,517
    $
8,631,639
 
Allowance for Credit Losses on Financing Receivables [Table Text Block]
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
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
  $
1,377
    $
1,687
    $
856
    $
206
    $
1,168
    $
337
    $
111
    $
5,742
 
Provision charged to expense
   
793
     
174
     
82
     
258
     
91
     
284
     
68
    $
1,750
 
Losses charged off
   
-
     
(72
)    
(11
)    
-
     
(240
)    
(213
)    
-
    $
(536
)
Recoveries
   
74
     
-
     
19
     
-
     
12
     
46
     
-
    $
151
 
Balance, end of year
  $
2,244
    $
1,789
    $
946
    $
464
    $
1,031
    $
454
    $
179
    $
7,107
 
Ending balance: individually 
evaluated for impairment
  $
738
    $
-
    $
127
    $
-
    $
246
    $
138
    $
-
    $
1,249
 
Ending balance: collectively 
evaluated for impairment
  $
1,506
    $
1,789
    $
819
    $
464
    $
785
    $
316
    $
179
    $
5,858
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually 
evaluated for impairment
  $
4,452
    $
161
    $
4,424
    $
775
    $
739
    $
276
    $
-
    $
10,827
 
Ending balance: collectively 
evaluated for impairment
  $
60,292
    $
261,705
    $
101,877
    $
84,450
    $
93,784
    $
24,440
    $
-
    $
626,548
 
As of December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
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
  $
1,246
    $
1,526
    $
821
    $
177
    $
1,382
    $
223
    $
437
    $
5,812
 
Provision charged to expense
   
1,262
     
198
     
48
     
29
     
(51
)    
215
     
(326
)   $
1,375
 
Losses charged off
   
(1,222
)    
(69
)    
(47
)    
-
     
(171
)    
(190
)    
-
    $
(1,699
)
Recoveries
   
91
     
32
     
34
     
-
     
8
     
89
     
-
    $
254
 
Balance, end of year
  $
1,377
    $
1,687
    $
856
    $
206
    $
1,168
    $
337
    $
111
    $
5,742
 
Ending balance: individually 
evaluated for impairment
  $
302
    $
-
    $
14
    $
-
    $
241
    $
45
    $
-
    $
602
 
Ending balance: collectively 
evaluated for impairment
  $
1,075
    $
1,687
    $
842
    $
206
    $
927
    $
292
    $
111
    $
5,140
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance: individually 
evaluated for impairment
  $
5,447
    $
161
    $
2,060
    $
-
    $
925
    $
106
    $
-
    $
8,699
 
Ending balance: collectively 
evaluated for impairment
  $
35,465
    $
249,420
    $
104,351
    $
48,483
    $
74,480
    $
23,500
    $
-
    $
535,699
 
As of December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
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
  $
1,330
    $
1,992
    $
900
    $
127
    $
1,954
    $
185
    $
101
    $
6,589
 
Provision charged to expense
   
1,139
     
(466
)    
-
     
50
     
(576
)    
117
     
336
    $
600
 
Losses charged off
   
(1,233
)    
-
     
(99
)    
-
     
-
     
(119
)    
-
    $
(1,451
)
Recoveries
   
10
     
-
     
20
     
-
     
4
     
40
     
-
    $
74
 
Balance, end of year
  $
1,246
    $
1,526
    $
821
    $
177
    $
1,382
    $
223
    $
437
    $
5,812
 
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]
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
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
  $
3,180
    $
3,180
    $
-
    $
2,170
    $
-
 
Multi-family
   
775
     
775
     
-
     
130
     
5
 
Real estate - construction
   
2,840
     
2,840
     
-
     
2,940
     
-
 
Real estate - commercial
   
161
     
161
     
-
     
311
     
-
 
Commercial loans
   
465
     
465
     
-
     
536
     
-
 
Consumer and other loans
   
3
     
3
     
-
     
7
     
1
 
Loans with a specific valuation allowance
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - residential mortgage:
     
 
     
 
     
 
     
 
 
One to four family units
  $
1,244
    $
1,244
    $
127
    $
247
    $
-
 
Multi-family
   
-
     
-
     
-
     
-
     
-
 
Real estate - construction
   
1,612
     
2,845
     
738
     
2,326
     
-
 
Real estate - commercial
   
-
     
-
     
-
     
-
     
-
 
Commercial loans
   
274
     
274
     
246
     
456
     
-
 
Consumer and other loans
   
273
     
273
     
138
     
208
     
-
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - residential mortgage:
     
 
     
 
     
 
     
 
 
One to four family units
  $
4,424
    $
4,424
    $
127
    $
2,417
    $
-
 
Multi-family
   
775
     
775
     
-
     
130
     
5
 
Real estate - construction
   
4,452
     
5,685
     
738
     
5,266
     
-
 
Real estate - commercial
   
161
     
161
     
-
     
311
     
-
 
Commercial loans
   
739
     
739
     
246
     
992
     
-
 
Consumer and other loans
   
276
     
276
     
138
     
215
     
1
 
Total
  $
10,827
    $
12,060
    $
1,249
    $
9,331
    $
6
 
As of December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
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
  $
2,006
    $
2,006
    $
-
    $
2,165
    $
-
 
Multi-family
   
-
     
-
     
-
     
-
     
-
 
Real estate - construction
   
3,017
     
3,017
     
-
     
5,427
     
-
 
Real estate - commercial
   
161
     
161
     
-
     
540
     
-
 
Commercial loans
   
622
     
622
     
-
     
868
     
-
 
Consumer and other loans
   
3
     
3
     
-
     
90
     
2
 
Loans with a specific valuation allowance
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - residential mortgage:
     
 
     
 
     
 
     
 
 
One to four family units
  $
54
    $
54
    $
14
    $
27
    $
-
 
Multi-family
   
-
     
-
     
-
     
-
     
-
 
Real estate - construction
   
2,430
     
3,663
     
302
     
2,195
     
-
 
Real estate - commercial
   
-
     
-
     
-
     
139
     
-
 
Commercial loans
   
303
     
755
     
241
     
447
     
-
 
Consumer and other loans
   
103
     
103
     
45
     
112
     
-
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate - residential mortgage:
     
 
     
 
     
 
     
 
 
One to four family units
  $
2,060
    $
2,060
    $
14
    $
2,192
    $
-
 
Multi-family
   
-
     
-
     
-
     
-
     
-
 
Real estate - construction
   
5,447
     
6,680
     
302
     
7,622
     
-
 
Real estate - commercial
   
161
     
161
     
-
     
679
     
-
 
Commercial loans
   
925
     
1,377
     
241
     
1,315
     
-
 
Consumer and other loans
   
106
     
106
     
45
     
202
     
2
 
Total
  $
8,699
    $
10,384
    $
602
    $
12,010
    $
2
 
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
   
2017
 
   
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
   
-
     
-
     
-
 
Consumer and other loans
   
1
     
119,459
     
119,459
 
Total
   
1
    $
119,459
    $
119,459
 
   
2016
 
   
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
   
1
     
5,575,358
     
5,575,358
 
Commercial loans
   
1
     
165,831
     
165,831
 
Consumer and other loans
   
-
     
-
     
-
 
Total
   
2
    $
5,741,189
    $
5,741,189
 
Financing Receivable Credit Quality Indicators [Table Text Block]
As of December 31, 2017
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
Construction
   
Commercial
Real Estate
   
One to four family
   
Multi-family
   
Commercial
   
Consumer
and Other
   
Total
 
   
(In Thousands)
 
Rating:
                                                       
Pass
  $
60,291
    $
254,658
    $
96,723
    $
84,450
    $
93,102
    $
24,440
    $
613,664
 
Special Mention
   
-
     
5,578
     
3,799
     
-
     
200
     
-
     
9,577
 
Substandard
   
4,453
     
1,630
     
5,779
     
775
     
708
     
276
     
13,621
 
Doubtful
   
-
     
-
     
-
     
-
     
513
     
-
     
513
 
Total
  $
64,744
    $
261,866
    $
106,301
    $
85,225
    $
94,523
    $
24,716
    $
637,375
 
As of December 31, 2016
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
Construction
   
Commercial
Real Estate
   
One to four family
   
Multi-family
   
Commercial
   
Consumer
and Other
   
Total
 
   
(In Thousands)
 
Rating:
                                                       
Pass
  $
35,465
    $
242,200
    $
100,367
    $
48,483
    $
69,093
    $
23,380
    $
518,988
 
Special Mention
   
-
     
5,922
     
2,591
     
-
     
4,503
     
-
     
13,016
 
Substandard
   
5,447
     
1,459
     
3,453
     
-
     
1,225
     
226
     
11,810
 
Doubtful
   
-
     
-
     
-
     
-
     
584
     
-
     
584
 
Total
  $
40,912
    $
249,581
    $
106,411
    $
48,483
    $
75,405
    $
23,606
    $
544,398
 
Modification Type [Member]  
Notes Tables  
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
   
2017
 
   
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
   
-
     
-
     
-
     
-
 
Consumer and other loans
   
-
     
119,459
     
-
     
119,459
 
Total
  $
-
    $
119,459
    $
-
    $
119,459
 
   
2016
 
   
Interest Rate
   
Term
   
Combination
   
Total Modification
 
Real estate - residential mortgage:
                               
One to four family units
  $
-
    $
-
    $
-
    $
-
 
Multi-family
   
-
     
-
     
-
     
-
 
Real estate - construction
   
-
     
-
     
-
     
-
 
Real estate - commercial
   
-
     
-
     
5,575,358
     
5,575,358
 
Commercial loans
   
-
     
165,831
     
-
     
165,831
 
Consumer and other loans
   
-
     
-
     
-
     
-
 
Total
  $
-
    $
165,831
    $
5,575,358
    $
5,741,189