Note 5 - Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

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

	September 30,			December 31,
	2020			2019
Real estate - residential mortgage:
One to four family units	$	128,467,837		$	118,823,731
Multi-family		89,762,581			87,448,418
Real estate - construction		69,915,937			77,308,551
Real estate - commercial		304,555,366			300,619,387
Commercial loans		163,097,935			114,047,753
Consumer and other loans		27,478,627			30,666,185
Total loans		783,278,283			728,914,025
Less:
Allowance for loan losses		(9,680,688	)		(7,607,587	)
Deferred loan fees/costs, net		(2,150,075	)		(574,036	)
Net loans	$	771,447,520		$	720,732,402

Financing Receivable, Past Due [Table Text Block]

As of September 30, 2020
	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	$	56	$	311	$	1,104	$	1,471	$	126,997	$	128,468	$	-
Multi-family		-		-		-		-		89,763		89,763		-
Real estate - construction		-		811		3,626		4,437		65,479		69,916		-
Real estate - commercial		200		-		161		361		304,194		304,555		-
Commercial loans		17		-		348		365		162,733		163,098		-
Consumer and other loans		59		-		291		350		27,129		27,479		-
Total	$	332	$	1,122	$	5,530	$	6,984	$	776,294	$	783,278	$	-

As of December 31, 2019
	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	$	83	$	437	$	125	$	645	$	118,179	$	118,824	$	-
Multi-family		-		-		-		-		87,448		87,448		-
Real estate - construction		338		-		-		338		76,971		77,309		-
Real estate - commercial		-		-		43		43		300,576		300,619		-
Commercial loans		134		105		17		256		113,792		114,048		-
Consumer and other loans		48		26		-		74		30,592		30,666		-
Total	$	603	$	568	$	185	$	1,356	$	727,558	$	728,914	$	-

Financing Receivable, Nonaccrual [Table Text Block]

	September 30,		December 31,
	2020		2019
Real estate - residential mortgage:
One to four family units	$	2,380,345	$	2,398,379
Multi-family		-		-
Real estate - construction		4,437,498		3,738,410
Real estate - commercial		3,236,784		2,941,143
Commercial loans		827,644		855,761
Consumer and other loans		130,905		69,784
Total	$	11,013,176	$	10,003,477

Financing Receivable, Allowance for Credit Loss [Table Text Block]

Three months ended September 30, 2020	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 period	$	1,569	$	2,998	$	1,539		$	794	$	1,299		$	466		$	123	$	8,788
Provision charged to expense		53		270		(30	)		126		158			41			332	$	950
Losses charged off		-		-		(1	)		-		(17	)		(62	)		-	$	(80	)
Recoveries		-		1		1			-		3			18			-	$	23
Balance, end of period	$	1,622	$	3,269	$	1,509		$	920	$	1,443		$	463		$	455	$	9,681

Nine months ended September 30, 2020	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 period	$	1,749		$	2,267	$	1,001		$	746	$	1,129		$	443		$	273	$	7,608
Provision charged to expense		(127	)		995		508			174		325			143			182	$	2,200
Losses charged off		-			-		(1	)		-		(49	)		(175	)		-	$	(225	)
Recoveries		-			7		1			-		38			52			-	$	98
Balance, end of period	$	1,622		$	3,269	$	1,509		$	920	$	1,443		$	463		$	455	$	9,681

Three months ended September 30, 2019	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 period	$	2,169		$	2,188		$	948	$	673	$	1,236		$	397		$	60	$	7,671
Provision charged to expense		(245	)		242			42		50		(125	)		99			37	$	100
Losses charged off		-			(122	)		-		-		(106	)		(85	)		-	$	(313	)
Recoveries		28			1			1		-		55			14			-	$	99
Balance, end of period	$	1,952		$	2,309		$	991	$	723	$	1,060		$	425		$	97	$	7,557

Nine months ended September 30, 2019	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 period	$	2,306		$	2,093		$	1,297		$	641	$	1,160		$	373		$	126		$	7,996
Provision charged to expense		(523	)		317			(41	)		82		175			219			(29	)	$	200
Losses charged off		-			(122	)		(271	)		-		(381	)		(199	)		-		$	(973	)
Recoveries		169			21			6			-		106			32			-		$	334
Balance, end of period	$	1,952		$	2,309		$	991		$	723	$	1,060		$	425		$	97		$	7,557

As of September 30, 2020	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Unallocated		Total
	(In Thousands)
Allowance for loan losses:
Ending balance: individually evaluated for impairment	$	626	$	95	$	249	$	-	$	300	$	18	$	-	$	1,288
Ending balance: collectively evaluated for impairment	$	996	$	3,174	$	1,260	$	920	$	1,142	$	445	$	455	$	8,392
Ending balance: loans acquired with deteriorated credit quality	$	-	$	-	$	-	$	-	$	1	$	-	$	-	$	1
Loans:
Ending balance: individually evaluated for impairment	$	4,437	$	1,023	$	2,380	$	-	$	680	$	228	$	-	$	8,748
Ending balance: collectively evaluated for impairment	$	65,479	$	301,025	$	126,088	$	89,763	$	162,275	$	27,251	$	-	$	771,880
Ending balance: loans acquired with deteriorated credit quality	$	-	$	2,507	$	-	$	-	$	143	$	-	$	-	$	2,650

As of December 31, 2019	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Unallocated		Total
	(In Thousands)
Allowance for loan losses:
Ending balance: individually evaluated for impairment	$	553	$	24	$	197	$	-	$	299	$	21	$	-	$	1,094
Ending balance: collectively evaluated for impairment	$	1,196	$	2,243	$	804	$	746	$	830	$	422	$	273	$	6,514
Ending balance: loans acquired with deteriorated credit quality	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Loans:
Ending balance: individually evaluated for impairment	$	4,742	$	650	$	2,613	$	-	$	908	$	220	$	-	$	9,133
Ending balance: collectively evaluated for impairment	$	72,567	$	297,318	$	116,211	$	87,448	$	112,956	$	30,446	$	-	$	716,946
Ending balance: loans acquired with deteriorated credit quality	$	-	$	2,651	$	-	$	-	$	184	$	-	$	-	$	2,835

Impaired Financing Receivables [Table Text Block]

	September 30, 2020						December 31, 2019
	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	$	1,086	$	1,086	$	-	$	1,392	$	1,392	$	-
Multi-family		-		-		-		-		-		-
Real estate - construction		-		-		-		-		-		-
Real estate - commercial		3,281		3,281		-		3,199		3,199		-
Commercial loans		128		128		-		33		33		-
Consumer and other loans		109		109		-		70		70		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	1,294	$	1,294	$	249	$	1,221	$	1,221	$	197
Multi-family		-		-		-		-		-		-
Real estate - construction		4,437		5,670		626		4,742		5,975		553
Real estate - commercial		249		249		95		162		162		24
Commercial loans		695		695		301		999		999		299
Consumer and other loans		119		119		18		150		150		21
Total
Real estate - residential mortgage:
One to four family units	$	2,380	$	2,380	$	249	$	2,613	$	2,613	$	197
Multi-family		-		-		-		-		-		-
Real estate - construction		4,437		5,670		626		4,742		5,975		553
Real estate - commercial		3,530		3,530		95		3,361		3,361		24
Commercial loans		823		823		301		1,032		1,032		299
Consumer and other loans		228		228		18		220		220		21
Total	$	11,398	$	12,631	$	1,289	$	11,968	$	13,201	$	1,094

	For the Nine Months Ended				For the Nine Months Ended
	September 30, 2020				September 30, 2019
	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	$	1,096	$	-	$	1,046	$	1
Multi-family		-		-		5,933		-
Real estate - construction		-		-		-		-
Real estate - commercial		3,104		2		3,353		4
Commercial loans		34		-		161		-
Consumer and other loans		111		10		268		-
Loans with a specific valuation allowance
Real estate - residential mortgage:
One to four family units	$	1,248	$	-	$	1,970	$	-
Multi-family		-		-		-		-
Real estate - construction		4,272		-		3,866		-
Real estate - commercial		240		-		657		-
Commercial loans		862		-		702		-
Consumer and other loans		145		-		119		-
Total
Real estate - residential mortgage:
One to four family units	$	2,344	$	-	$	3,016	$	1
Multi-family		-		-		5,933		-
Real estate - construction		4,272		-		3,866		-
Real estate - commercial		3,344		2		4,010		4
Commercial loans		896		-		863		-
Consumer and other loans		256		10		387		-
Total	$	11,112	$	12	$	18,075	$	5

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	September 30, 2020		December 31, 2019
Real estate - residential mortgage:
One to four family units	$	1,161,579	$	1,163,782
Multi-family		-		-
Real estate - construction		4,437,498		3,738,409
Real estate - commercial		895,202		161,491
Commercial loans		679,634		572,683
Total	$	7,173,913	$	5,636,365

Financing Receivable Credit Quality Indicators [Table Text Block]

September 30, 2020	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	62,798	$	293,510	$	122,995	$	89,763	$	148,922	$	27,251	$	745,238
Special Mention		-		620		1,023		-		5,261		-		6,904
Substandard		7,118		10,425		4,450		-		8,915		228		31,136
Doubtful		-		-		-		-		-		-		-
Total	$	69,916	$	304,555	$	128,468	$	89,763	$	163,098	$	27,479	$	783,278

December 31, 2019	Construction		Commercial Real Estate		One to four family		Multi-family		Commercial		Consumer and Other		Total
	(In Thousands)
Rating:
Pass	$	73,489	$	292,674	$	115,622	$	87,448	$	100,658	$	29,666	$	699,557
Special Mention		-		1,476		535		-		8,793		-		10,804
Substandard		3,820		6,469		2,667		-		4,597		1,000		18,553
Doubtful		-		-		-		-		-		-		-
Total	$	77,309	$	300,619	$	118,824	$	87,448	$	114,048	$	30,666	$	728,914