Loans (Tables)

12 Months Ended

Dec. 31, 2015

Debt [Abstract]

Composition of net loans by major category

	December 31,
	2015			2014
Real estate:
Commercial	$	25,559,943		$	25,246,396
Construction and development		7,286,459			8,425,453
Single and multifamily residential		16,434,722			18,073,429
Total real estate loans		49,281,124			51,745,278
Commercial business		17,027,054			16,059,082
Consumer		1,369,224			1,372,906
Deferred origination fees, net		(135,647	)		(149,823	)
Gross loans, net of deferred fees		67,541,755			69,027,443
Less allowance for loan losses		(1,139,509	)		(1,032,776	)
Loans, net	$	66,402,246		$	67,994,667

Composition of gross loan before deduction of deferred origination fees by rate type

	December 31, 2015
Variable rate loans		$	43,744,860
Fixed rate loans			23,932,542
		$	67,677,402

Summary of delinquencies and nonaccruals, by portfolio class

	Single and
	multifamily		Construction		Commercial
	residential		and		real estate —		Commercial
	real estate		development		other		business		Consumer		Total
December 31, 2015
30–59 days past due	$	75,890	$	—	$	—	$	—	$	—	$	75,890
60–89 days past due		63,702		250,378		—		—		—		314,080
Nonaccrual		168,879		40,500		1,390,013		65,798		—		1,665,190
Total past due
and nonaccrual		308,471		290,878		1,390,013		65,798		—		2,055,160
Current		16,126,251		6,995,581		24,169,930		16,961,256		1,369,224		65,622,242
Total loans	$	16,434,722	$	7,286,459	$	25,559,943	$	17,027,054	$	1,369,224	$	67,677,402
December 31, 2014
30–59 days past due	$	188,033	$	39,561	$	—	$	23,938	$	—	$	251,532
60–89 days past due		—		—		—		9,129		—		9,129
Nonaccrual		—		—		534,057		—		—		534,057
Total past due
and nonaccrual		188,033		39,561		534,057		33,067		—		794,718
Current		17,885,396		8,385,892		24,712,339		16,026,015		1,372,906		68,382,548
Total loans	$	18,073,429	$	8,425,453	$	25,246,396	$	16,059,082	$	1,372,906	$	69,177,266

Summarizes management's internal credit risk grades, by portfolio class

	Single and
	multifamily		Construction		Commercial
	residential		and		real estate —		Commercial
	real estate		development		other		business		Consumer		Total
December 31, 2015
Pass Loans (Consumer)	$	8,340,816	$	1,350,332	$	—	$	—	$	1,369,224	$	11,060,372
Grade 1 — Prime		—		—		—		—		—		—
Grade 2 — Good		—		—		—		—		—		—
Grade 3 — Acceptable		4,479,116		809,004		8,121,125		7,667,706		—		21,076,951
Grade 4 — Acceptable w/Care		3,382,209		4,759,864		14,724,468		8,199,385		—		31,065,926
Grade 5 — Special Mention		63,702		76,381		611,189		846,106		—		1,597,378
Grade 6 — Substandard		168,879		290,878		2,103,161		313,857		—		2,876,775
Grade 7 — Doubtful		—		—		—		—		—		—
Total loans	$	16,434,722	$	7,286,459	$	25,559,943	$	17,027,054	$	1,369,224	$	67,677,402

	Single and
	multifamily		Construction		Commercial
	residential		and		real estate —		Commercial
	real estate		development		other		business		Consumer		Total
December 31, 2014
Pass Loans (Consumer)	$	10,739,155	$	1,362,322	$	—	$	—	$	1,341,699	$	13,443,176
Grade 1 — Prime		—		—		—		—		—		—
Grade 2 — Good		—		—		—		1,652,739		—		1,652,739
Grade 3 — Acceptable		2,594,126		1,284,107		9,123,260		4,629,684		31,207		17,662,384
Grade 4 — Acceptable w/Care		3,792,456		5,277,692		14,184,482		9,754,850		—		33,009,480
Grade 5 — Special Mention		—		82,413		648,152		—		—		730,565
Grade 6 — Substandard		947,692		418,919		1,290,502		21,809		—		2,678,922
Grade 7 — Doubtful		—		—		—		—		—		—
Total loans	$	18,073,429	$	8,425,453	$	25,246,396	$	16,059,082	$	1,372,906	$	69,177,266

Summarizes information relative to impaired loans, by portfolio class

	Unpaid principal balance		Recorded investment		Related allowance		Average impaired investment		Interest income
December 31, 2015
With no related allowance recorded:
Single and multifamily residential real estate	$	—	$	—	$	—	$	411,430	$	21,667
Construction and development		—		—		—		177,047		—
Commercial real estate — other		905,968		905,968		—		415,488		29,423
Commercial business		—		—		—		62,015		—
Consumer		—		—		—		—		—
With related allowance recorded:
Single and multifamily residential real estate		236,938		236,938		163,138		270,668		—
Construction and development		40,500		40,500		10,500		239,206		727
Commercial real estate — other		1,197,193		1,197,193		201,793		805,654		46,761
Commercial business		—		—		—		18,139		2,119
Consumer		—		—		—		—		—
Total:
Single and multifamily residential real estate		236,938		236,938		163,138		682,098		21,667
Construction and development		40,500		40,500		10,500		416,253		727
Commercial real estate — other		2,103,161		2,103,161		201,793		1,221,142		76,184
Commercial business		—		—		—		80,154		2,119
Consumer		—		—		—		—		—
	$	2,380,599	$	2,380,599	$	375,431	$	2,399,647	$	100,697

	Unpaid						Average
	principal		Recorded		Related		impaired		Interest
	balance		investment		allowance		investment		income
December 31, 2014
With no related allowance recorded:
Single and multifamily residential real estate	$	725,090	$	725,090	$	—	$	604,851	$	44,239
Construction and development		—		—		—		332,954		—
Commercial real estate — other		190,791		190,791		—		229,385		—
Commercial business		—		—		—		—		—
Consumer		—		—		—		—		—
With related allowance recorded:
Single and multifamily residential real estate		—		—		—		442,094		—
Construction and development		—		—		—		649,560		—
Commercial real estate — other		1,099,712		1,099,712		88,712		645,833		42,321
Commercial business		—		—		—		17,156		—
Consumer		—		—		—		—		—
Total:
Single and multifamily residential real estate		725,090		725,090		—		1,046,945		44,239
Construction and development		—		—		—		982,514		—
Commercial real estate — other		1,290,503		1,290,503		88,712		875,218		42,321
Commercial business		—		—		—		17,156		—
Consumer		—		—		—		—		—
	$	2,015,593	$	2,015,593	$	88,712	$	2,921,833	$	86,560

Activity related to allowance for loan losses

	Single and
	multifamily			Construction			Commercial
	residential			and			real estate —			Commercial
	real estate			development			other			business			Consumer			Total
December 31, 2015
Allowance for loan losses:
Balance, beginning of year	$	160,797		$	234,130		$	363,097		$	184,679		$	90,073		$	1,032,776
Provision (reversal of
provision) for loan losses		105,000			(50,000	)		120,000			60,000			(85,000	)		150,000
Loan charge-offs		—			—			(43,267	)		—			—			(43,267	)
Loan recoveries		—			—			—			—			—			—
Net loans charged-off		—			—			(43,267	)		—			—			(43,267	)
Balance, end of year	$	265,797		$	184,130		$	439,830		$	244,679		$	5,073		$	1,139,509
Individually reviewed for
impairment	$	163,138		$	10,500		$	201,793		$	—		$	—		$	375,431
Collectively reviewed for
impairment		102,659			173,630			238,037			244,679			5,073			764,078
Total allowance for
loan losses	$	265,797		$	184,130		$	439,830		$	244,679		$	5,073		$	1,139,509
Gross loans, end of period:
Individually reviewed for
impairment	$	236,938		$	40,500		$	2,103,161		$	—		$	—		$	2,380,599
Collectively reviewed for
impairment		16,197,784			7,245,959			23,456,782			17,027,054			1,369,224			65,296,803
Total gross loans	$	16,434,722		$	7,286,959		$	25,559,943		$	17,027,054		$	1,369,224		$	67,677,402
	Single and
	multifamily			Construction			Commercial
	residential			and			real estate —			Commercial
	real estate			development			other			business			Consumer			Total
December 31, 2014
Allowance for loan losses:
Balance, beginning of year	$	237,230		$	485,010		$	360,564		$	129,009		$	90,073		$	1,301,886
Provision (reversal of
provision) for loan losses		(150,000	)		(295,265	)		100,106			315,159			—			(30,000	)
Loan charge-offs		—			(118,577	)		(101,000	)		(297,889	)		—			(517,466	)
Loan recoveries		73,567			162,962			3,427			38,400			—			278,356
Net loans charged-off		73,567			44,385			(97,573	)		(259,489	)		—			(239,110	)
Balance, end of year	$	160,797		$	234,130		$	363,097		$	184,679		$	90,073		$	1,032,776
Individually reviewed for
impairment	$	—		$	—		$	88,712		$	—		$	—		$	88,712
Collectively reviewed for
impairment		160,797			234,130			274,385			184,679			90,073			944,064
Total allowance for loan losses	$	160,797		$	234,130		$	363,097		$	184,679		$	90,073		$	1,032,776
Gross loans, end of period:
Individually reviewed for
impairment	$	725,090		$	—		$	1,290,503		$	—		$	—		$	2,015,593
Collectively reviewed for
impairment		17,348,339			8,425,453			23,955,893			16,059,082			1,372,906			67,161,673
Total gross loans	$	18,073,429		$	8,425,453		$	25,246,396		$	16,059,082		$	1,372,906		$	69,177,266