Note 3 - Loans Receivable (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

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

	September 30, 2020			December 31, 2019
	(In thousands)
Real Estate:
One-to-four family	$	317,755		$	306,014
Multi-family		127,569			96,098
Commercial real estate		283,390			255,722
Construction and land		75,204			37,187
Total real estate loans		803,918			695,021
Consumer:
Home equity		34,120			35,046
Auto and other consumer		111,782			112,119
Total consumer loans		145,902			147,165
Commercial business loans		123,036			41,571
Total loans		1,072,856			883,757
Less:
Net deferred loan fees		2,628			206
Premium on purchased loans, net		(4,196	)		(4,514	)
Allowance for loan losses		13,007			9,628
Total loans receivable, net	$	1,061,417		$	878,437

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

	At or For the Three Months Ended September 30, 2020
	One-to-				Commercial		Construction		Home			Auto and other			Commercial
	four family		Multi-family		real estate		and land		equity			consumer			business		Unallocated			Total
	(In thousands)
ALLL:
Beginning balance	$	3,780	$	1,128	$	3,021	$	738	$	429		$	2,252		$	463	$	298		$	12,109
Provision for (recapture of) loan losses		62		307		319		240		(4	)		427			—		(1	)		1,350
Charge-offs		—		—		—		—		—			(479	)		—		—			(479	)
Recoveries		2		—		—		1		—			24			—		—			27
Ending balance	$	3,844	$	1,435	$	3,340	$	979	$	425		$	2,224		$	463	$	297		$	13,007

	At or For the Nine Months Ended September 30, 2020
	One-to-				Commercial		Construction		Home			Auto and other			Commercial
	four family		Multi-family		real estate		and land		equity			consumer			business		Unallocated		Total
	(In thousands)
ALLL:
Beginning balance	$	3,024	$	888	$	2,243	$	399	$	454		$	2,261		$	208	$	151	$	9,628
Provision for (recapture of) loan losses		764		547		1,097		577		(30	)		760			255		146		4,116
Charge-offs		—		—		—		—		—			(853	)		—		—		(853	)
Recoveries		56		—		—		3		1			56			—		—		116
Ending balance	$	3,844	$	1,435	$	3,340	$	979	$	425		$	2,224		$	463	$	297	$	13,007

	At September 30, 2020
	One-to-				Commercial		Construction		Home		Auto and other		Commercial
	four family		Multi-family		real estate		and land		equity		consumer		business		Unallocated		Total
	(In thousands)
Total ALLL	$	3,844	$	1,435	$	3,340	$	979	$	425	$	2,224	$	463	$	297	$	13,007
General reserve		3,791		1,435		3,339		978		421		2,036		463		297		12,760
Specific reserve		53		—		1		1		4		188		—		—		247
Total loans	$	317,755	$	127,569	$	283,390	$	75,204	$	34,120	$	111,782	$	123,036	$	—	$	1,072,856
Loans collectively evaluated (1)		313,744		127,282		282,103		75,179		33,983		111,174		123,036		—		1,066,501
Loans individually evaluated (2)		4,011		287		1,287		25		137		608		—		—		6,355

	At or For the Three Months Ended September 30, 2019
	One-to-						Commercial		Construction		Home			Auto and other			Commercial
	four family			Multi-family			real estate		and land		equity			consumer			business			Unallocated			Total
	(In thousands)
ALLL:
Beginning balance	$	3,417		$	651		$	2,357	$	711	$	465		$	1,790		$	171		$	169		$	9,731
(Recapture of) provision for loan losses		(307	)		(64	)		47		16		(30	)		192			(13	)		(11	)		(170	)
Charge-offs		—			—			—		—		—			(237	)		1			—			(236	)
Recoveries		1			—			—		1		23			93			—			—			118
Ending balance	$	3,111		$	587		$	2,404	$	728	$	458		$	1,838		$	159		$	158		$	9,443

	At or For the Nine Months Ended September 30, 2019
	One-to-						Commercial		Construction		Home			Auto and other			Commercial
	four family			Multi-family			real estate		and land		equity			consumer			business			Unallocated			Total
	(In thousands)
ALLL:
Beginning balance	$	3,297		$	762		$	2,289	$	585	$	480		$	1,611		$	334		$	175		$	9,533
(Recapture of) provision for loan losses		(190	)		(175	)		115		142		(66	)		785			(174	)		(17	)		420
Charge-offs		—			—			—		—		—			(785	)		(3	)		—			(788	)
Recoveries		4			—			—		1		44			227			2			—			278
Ending balance	$	3,111		$	587		$	2,404	$	728	$	458		$	1,838		$	159		$	158		$	9,443

	At December 31, 2019
	One-to-				Commercial		Construction		Home		Auto and other		Commercial
	four family		Multi-family		real estate		and land		equity		consumer		business		Unallocated		Total
	(In thousands)
Total ALLL	$	3,024	$	888	$	2,243	$	399	$	454	$	2,261	$	208	$	151	$	9,628
General reserve		2,993		887		2,235		399		439		2,119		203		151		9,426
Specific reserve		31		1		8		—		15		142		5		—		202
Total loans	$	306,014	$	96,098	$	255,722	$	37,187	$	35,046	$	112,119	$	41,571	$	—	$	883,757
Loans collectively evaluated (1)		303,026		95,991		253,839		37,158		34,775		111,271		41,308		—		877,368
Loans individually evaluated (2)		2,988		107		1,883		29		271		848		263		—		6,389

Impaired Financing Receivables [Table Text Block]

	September 30, 2020						December 31, 2019
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
	(In thousands)
With no allowance recorded:
One-to-four family	$	202	$	229	$	—	$	297	$	332	$	—
Multi-family		287		287		—		—		—		—
Commercial real estate		1,221		1,310		—		1,240		1,320		—
Construction and land		—		—		—		—		33		—
Home equity		37		94		—		45		110		—
Auto and other consumer		—		299		—		251		548		—
Commercial business		—		—		—		—		—		—
Total		1,747		2,219		—		1,833		2,343		—
With an allowance recorded:
One-to-four family	$	3,809	$	4,017	$	53		2,691		2,911		31
Multi-family		—		—		—		107		107		1
Commercial real estate		66		66		1		643		643		8
Construction and land		25		57		1		29		29		—
Home equity		100		159		4		226		286		15
Auto and other consumer		608		780		188		597		690		142
Commercial business		—		—		—		263		263		5
Total		4,608		5,079		247		4,556		4,929		202
Total impaired loans:
One-to-four family		4,011		4,246		53		2,988		3,243		31
Multi-family		287		287		—		107		107		1
Commercial real estate		1,287		1,376		1		1,883		1,963		8
Construction and land		25		57		1		29		62		—
Home equity		137		253		4		271		396		15
Auto and other consumer		608		1,079		188		848		1,238		142
Commercial business		—		—		—		263		263		5
Total	$	6,355	$	7,298	$	247	$	6,389	$	7,272	$	202

	Three Months Ended				Nine Months Ended
	September 30, 2020				September 30, 2020
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
	(In thousands)				(In thousands)
With no allowance recorded:
One-to-four family	$	203	$	6	$	154	$	6
Multi-family		294		1		197		—
Commercial real estate		1,200		1		1,211		15
Construction and land		—		—		12		—
Home equity		38		1		43		1
Auto and other consumer		—		13		—		16
Commercial business		168		—		90		—
Total		1,903		22		1,707		38
With an allowance recorded:
One-to-four family	$	4,397	$	91	$	3,335	$	158
Multi-family		—		—		158		—
Commercial real estate		67		2		380		2
Construction and land		26		2		28		3
Home equity		140		3		212		7
Auto and other consumer		702		24		718		33
Commercial business		—		—		146		—
Total		5,332		122		4,977		203
Total impaired loans:
One-to-four family		4,600		97		3,489		164
Multi-family		294		1		355		—
Commercial real estate		1,267		3		1,591		17
Construction and land		26		2		40		3
Home equity		178		4		255		8
Auto and other consumer		702		37		718		49
Commercial business		168		—		236		—
Total	$	7,235	$	144	$	6,684	$	241

	Three Months Ended				Nine Months Ended
	September 30, 2019				September 30, 2019
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
	(In thousands)				(In thousands)
With no allowance recorded:
One-to-four family	$	236	$	4	$	243	$	8
Commercial real estate		1,260		15		1,278		39
Home equity		52		14		144		30
Auto and other consumer		—		10		—		14
Commercial business		—		1		—		4
Total		1,548		44		1,665		95
With an allowance recorded:
One-to-four family		2,891		64		2,850		146
Multi-family		108		1		109		4
Commercial real estate		651		8		657		23
Construction and land		52		2		57		2
Home equity		289		6		297		14
Auto and other consumer		394		9		324		16
Commercial business		266		2		299		9
Total		4,651		92		4,593		214
Total impaired loans:
One-to-four family		3,127		68		3,093		154
Multi-family		108		1		109		4
Commercial real estate		1,911		23		1,935		62
Construction and land		52		2		57		2
Home equity		341		20		441		44
Auto and other consumer		394		19		324		30
Commercial business		266		3		299		13
Total	$	6,199	$	136	$	6,258	$	309

Financing Receivable, Nonaccrual [Table Text Block]

	September 30, 2020		December 31, 2019
	(In thousands)
One-to-four family	$	1,939	$	698
Multi-family		287		—
Commercial real estate		166		109
Construction and land		25		29
Home equity		74		112
Auto and other consumer		607		848
Commercial business		—		—
Total nonaccrual loans	$	3,098	$	1,796

Financing Receivable, Past Due [Table Text Block]

	30-59 Days		60-89 Days		90 Days or More		Total
	Past Due		Past Due		Past Due		Past Due		Current		Total Loans
	(In thousands)
Real Estate:
One-to-four family	$	—	$	685	$	500	$	1,185	$	316,570	$	317,755
Multi-family		—		—		—		—		127,569		127,569
Commercial real estate		—		—		—		—		283,390		283,390
Construction and land		—		—		25		25		75,179		75,204
Total real estate loans		—		685		525		1,210		802,708		803,918
Consumer:
Home equity		—		12		—		12		34,108		34,120
Auto and other consumer		724		416		180		1,320		110,462		111,782
Total consumer loans		724		428		180		1,332		144,570		145,902
Commercial business loans		—		—		—		—		123,036		123,036
Total loans	$	724	$	1,113	$	705	$	2,542	$	1,070,314	$	1,072,856

	30-59 Days		60-89 Days		90 Days or More		Total
	Past Due		Past Due		Past Due		Past Due		Current		Total Loans
	(In thousands)
Real Estate:
One-to-four family	$	928	$	92	$	116	$	1,136	$	304,878	$	306,014
Multi-family		—		—		—		—		96,098		96,098
Commercial real estate		—		—		—		—		255,722		255,722
Construction and land		38		—		—		38		37,149		37,187
Total real estate loans		966		92		116		1,174		693,847		695,021
Consumer:
Home equity		299		24		—		323		34,723		35,046
Auto and other consumer		1,423		370		614		2,407		109,712		112,119
Total consumer loans		1,722		394		614		2,730		144,435		147,165
Commercial business loans		—		115		—		115		41,456		41,571
Total loans	$	2,688	$	601	$	730	$	4,019	$	879,738	$	883,757

Financing Receivable Credit Quality Indicators [Table Text Block]

	Pass		Watch		Special Mention		Substandard		Total
	(In thousands)
Real Estate:
One-to-four family	$	310,998	$	2,624	$	2,602	$	1,531	$	317,755
Multi-family		127,282		—		—		287		127,569
Commercial real estate		270,792		9,233		2,133		1,232		283,390
Construction and land		61,296		13,796		77		35		75,204
Total real estate loans		770,368		25,653		4,812		3,085		803,918
Consumer:
Home equity		33,503		394		100		123		34,120
Auto and other consumer		107,407		2,233		1,553		589		111,782
Total consumer loans		140,910		2,627		1,653		712		145,902
Commercial business loans		122,804		—		—		232		123,036
Total loans	$	1,034,082	$	28,280	$	6,465	$	4,029	$	1,072,856

	Pass		Watch		Special Mention		Substandard		Total
	(In thousands)
Real Estate:
One-to-four family	$	301,312	$	2,685	$	1,148	$	869	$	306,014
Multi-family		95,694		—		107		297		96,098
Commercial real estate		251,531		97		2,800		1,294		255,722
Construction and land		35,897		1,184		77		29		37,187
Total real estate loans		684,434		3,966		4,132		2,489		695,021
Consumer:
Home equity		34,260		470		89		227		35,046
Auto and other consumer		107,327		3,243		594		955		112,119
Total consumer loans		141,587		3,713		683		1,182		147,165
Commercial business loans		39,653		376		263		1,279		41,571
Total loans	$	865,674	$	8,055	$	5,078	$	4,950	$	883,757

	Nonperforming		Performing		Total
	(In thousands)
Real Estate:
One-to-four family	$	1,939	$	315,816	$	317,755
Multi-family		287		127,282		127,569
Commercial real estate		166		283,224		283,390
Construction and land		25		75,179		75,204
Consumer:
Home equity		74		34,046		34,120
Auto and other consumer		607		111,175		111,782
Commercial business		—		123,036		123,036
Total loans	$	3,098	$	1,069,758	$	1,072,856

	Nonperforming		Performing		Total
	(In thousands)
Real Estate:
One-to-four family	$	698	$	305,316	$	306,014
Multi-family		—		96,098		96,098
Commercial real estate		109		255,613		255,722
Construction and land		29		37,158		37,187
Consumer:
Home equity		112		34,934		35,046
Auto and other consumer		848		111,271		112,119
Commercial business		—		41,571		41,571
Total loans	$	1,796	$	881,961	$	883,757

Financing Receivable, COVID-19 Modifications [Table Text Block]

	Count		Balance		Percent
	(Dollars in Thousands)
Real Estate:
One-to-four family		16	$	5,097		3.4	%
Multi-family		10		29,587		19.8
Commercial real estate		44		98,895		66.1
Construction and land		6		5,987		4.0
Total real estate loans		76		139,566		93.3
Consumer:
Home equity		6		707		0.5
Auto and other consumer		88		4,741		3.2
Total consumer loans		94		5,448		3.7
Commercial business loans		13		4,528		3.0
Total loans		183	$	149,542		100.0	%

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	September 30, 2020		December 31, 2019
	(In thousands)
Total TDR loans	$	2,244	$	3,544
Allowance for loan losses related to TDR loans		28		41
Total nonaccrual TDR loans		108		81

	Number		Rate		Term		Combination		Total
	of Contracts		Modification		Modification		Modification		Modifications
			(Dollars in thousands)
Pre-modification outstanding recorded investment
One- to four-family		1	$	—	$	50	$	—	$	50
Post-modification outstanding recorded investment
One- to four-family		1	$	—	$	51	$	—	$	51

	Number		Rate		Term		Combination		Total
	of Contracts		Modification		Modification		Modification		Modifications
			(Dollars in thousands)
TDR loans that subsequently defaulted
One- to four-family		1	$	—	$	—	$	48	$	48

	September 30, 2020						December 31, 2019
	Accrual		Nonaccrual		Total		Accrual		Nonaccrual		Total
	(In thousands)
One-to-four family	$	2,072	$	108	$	2,180	$	2,290	$	81	$	2,371
Multi-family		—		—		—		107		—		107
Commercial real estate		—		—		—		643		—		643
Home equity		64		—		64		160		—		160
Commercial business		—		—		—		263		—		263
Total TDR loans	$	2,136	$	108	$	2,244	$	3,463	$	81	$	3,544