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Loans Receivable, Net (Tables)
 12 Months Ended
Dec. 31, 2020
Receivables [Abstract]  
Schedule of Loans Receivable, Net
    December 31,  
    2020     2019  
Mortgage loans:                
Residential 1-4 family   $ 14,132,314     $ 17,894,014  
Commercial and multi-family     14,954,657       14,917,754  
Home equity lines of credit     193,795       206,281  
                 
      29,280,766       33,018,049  
                 
Other loans:                
Passbook     23,339       -  
Student     3,971,838       5,888,955  
Commercial     6,420,542       1,190,944  
                 
      10,415,719       7,079,899  
                 
Total loans     39,696,485       40,097,948  
                 
Less:                
Deferred loan fees (costs and premiums), net     29,018       (170,842 )
Allowance for loan losses     400,995       428,908  
                 
      430,013       258,066  
                 
    $ 39,266,472     $ 39,839,882
Schedule of Activity in Allowance for Loan Losses

Activity in the allowance for loan losses is summarized as follows:

 

    Year Ended  
    December 31,  
    2020     2019  
             
Balance at beginning of year   $ 428,908     $ 407,832  
Provision for loan losses     122,227       93,998  
Charge-offs     (150,140 )     (72,922 )
Recoveries     -       -  
                 
Balance at end of year   $ 400,995     $ 428,908  
Schedule of Credit Quality Indicators by Portfolio Segment

The following table reflects the credit quality indicators by portfolio segment and class, at the dates indicated:

 

    December 31, 2020  
    Mortgage Loans                    
          Commercial                          
    Residential     Real Estate
and		     Home           Commercial
and		        
    1-4 Family     Multi-Family     Equity     Student     Other     Total  
    (In thousands)  
                                     
Pass   $ 14,132     $ 13,567     $ 194     $ 3,939     $ 6,444     $ 38,276  
Special Mention     -       822       -       33       -       855  
Substandard     -       565       -       -       -       565  
                                                 
Total   $ 14,132     $ 14,954     $ 194     $ 3,972     $ 6,444     $ 39,696  

 

    December 31, 2019  
    Mortgage Loans                    
          Commercial                          
    Residential     Real Estate
and		     Home          

Commercial

and

        
    1-4 Family     Multi-Family     Equity     Student     Other     Total  
    (In thousands)  
                                     
Pass   $ 17,653     $ 14,315     $ 206     $ 5,889     $ 1,191     $ 39,254  
Special Mention     241       234       -       -       -       475  
Substandard     -       369       -       -       -       369  
                                                 
Total   $ 17,894     $ 14,918     $ 206     $ 5,889     $ 1,191     $ 40,098  
Schedule of Information About Loan Delinquencies

The following table provides information about loan delinquencies at the dates indicated:

 

    December 31, 2020  
                                        90 Days  
                                                      or More  
      30-59       60-89       90 Days                               Past Due  
      Days       Days       or More       Total       Current       Total       and  
      Past Due       Past Due       Past Due       Past Due       Loans       Loans       Accruing  
      (In thousands)  
                                                         
Residential 1-4 family   $ -     $ -     $ 243     $ 243     $ 13,889     $ 14,132       -  
Commercial and multi-family     -       -       256       256       14,698       14,954       -  
Home equity lines of credit     -       -       -       -       194       194       -  
Student loans     25       18       30       73       3,899       3,972       -  
Commercial and other loans     -       -       -       -       6,444       6,444       -  
                                                         
    $ 25     $ 18     $ 529     $ 572     $ 39,124     $ 39,696     $ -  

 

    December 31, 2019  
                                        90 Days  
                                                      or More  
      30-59       60-89       90 Days                               Past Due  
      Days       Days       or More       Total       Current       Total       and  
      Past Due       Past Due       Past Due       Past Due       Loans       Loans       Accruing  
      (In thousands)  
                                                         
Residential 1-4 family   $ 3     $ 249     $ -     $ 252     $ 17,642     $ 17,894     $ -  
Commercial and multi-family     851       54       234       1,139       13,779       14,918       -  
Home equity lines of credit     -       -       -       -       206       206       -  
Student loans     61       104       -       165       5,724       5,889       -  
Commercial and other loans     -       -       -       -       1,191       1,191       -  
                                                         
    $ 915     $ 407     $ 234     $ 1,556     $ 38,542     $ 40,098     $ -  
Schedule of Loans Accrual of Income has been Discontinued and Loans Past Due but Not Classified as Non-accrual

The following is a summary of loans, by loan type, on which the accrual of income has been discontinued and loans that are contractually past due 90 days or more but have not been classified as non-accrual at the dates indicated:

 

    December 31,  
    2020     2019  
      (In thousands)  
Residential 1-4 family   $ 256     $ -  
Commercial and multi-family     243       234  
Home equity lines of credit     -       -  
Student loans     123       -  
Commercial and other loans     -       -  
                 
Total non-accrual loans     622       234  
                 
Accruing loans delinquent 90 days or more     -       -  
                 
Total non-performing loans   $ 622     $ 234  
Schedule of Loans Evaluated for Impairment by Loan Type

The following table presents loans evaluated for impairment by loan type:

 

    Year Ended  
    December 31, 2020  
                               
              Unpaid       Related       Average       Interest  
      Recorded       Principal       Specific       Recorded       Income  
      Investment       Balance       Allowance       Investment       Recognized  
                                         
Without an allowance:                                        
1-4 family residential   $ 239,107     $ 239,107     $ -     $ 239,983     $ 11,700  

 

    Year Ended  
    December 31, 2019  
                               
              Unpaid       Related       Average       Interest  
      Recorded       Principal       Specific       Recorded       Income  
      Investment       Balance       Allowance       Investment       Recognized  
                                         
Without an allowance:                                        
1-4 family residential   $ 240,858     $ 240,858     $ -     $ 265,113     $ 10,900  
Schedule of Activity in Allowance for Loan Losses by Loan Type

The following tables present the activity in the allowance for loan losses by loan type for the years indicated:

 

    Year Ended  
    December 31, 2020  
      Mortgage Loans                                  
              Commercial                                          
      Residential       and       Home                                  
      1-4 Family       Multi-Family       Equity       Student       Other       Unallocated       Total  
      (In thousands)  
                                                         
Beginning balance   $ 142     $ 134     $ 2     $ 140     $ 11     $ -     $ 429  
Provision for loan losses     (44 )     (7 )     (1 )     174       -       -       122  
Charge offs     -       -       -       (150 )     -       -       (150 )
                                                         
Ending Balance   $ 98     $ 127     $ 1     $ 164     $ 11     $ -     $ 401  

 

    Year Ended  
    December 31, 2019  
      Mortgage Loans                                    
              Commercial                                          
      Residential       and       Home                                  
      1-4 Family       Multi-Family       Equity       Student       Other       Unallocated       Total  
    (In thousands)  
                                                         
Beginning balance   $ 145     $ 128     $ 1     $ 122     $ 12     $ -     $ 408  
Provision for loan losses     (3 )     6       1       91       (1 )     -       94  
Charge offs     -       -       -       (73 )     -       -       (73 )
                                                         
Ending Balance   $ 142     $ 134     $ 2     $ 140     $ 11     $ -     $ 429