Note 3 - Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2017

Notes Tables

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

	June 30,			December 31,
	2017			2016
	(Unaudited)
	(In thousands)
Real estate loans
Residential	$	43,989		$	43,036
Commercial		38,077			32,175
Construction and land		9,669			9,543
Commercial business		1,428			383
Consumer and other		654			776
Total loans		93,817			85,913
Less:
Net deferred loan fees, premiums and discounts		(237	)		(70	)
Undisbursed loans in process		(1,663	)		(1,772	)
Allowance for loan losses		(1,086	)		(1,063	)
Net loans	$	90,831		$	83,008

Allowance for Credit Losses on Financing Receivables [Table Text Block]

	For the Three Months Ended June 30, 2017
	Real Estate
						Construction			Commercial
	Residential			Commercial		and Land			Business		Consumer		Total
	(In thousands)
Allowance for loan losses:
Balance, April 1, 2017	$	578		$	365	$	78		$	13	$	8	$	1,042
Provision (credit) for loan losses		(33	)		64		(2	)		2		-		31
Charge-offs		-			-		-			-		-		-
Recoveries		-			13		-			-		-		13
Balance, June 30, 2017	$	545		$	442	$	76		$	15	$	8	$	1,086

	For the Six Months Ended June 30, 2017
Allowance for loan losses:
Balance, January 1, 2017	$	656		$	326	$	72	$	4	$	5	$	1,063
Provision (credit) for loan losses		(99	)		112		4		11		3		31
Charge-offs		(12)			(9)		-		-		-		(21	)
Recoveries		-			13		-		-		-		13
Balance, June 30, 2017	$	545		$	442	$	76	$	15	$	8	$	1,086

	For the Three Months Ended June 30, 2016
Allowance for loan losses:	(In thousands)
Balance, April 1, 2016	$	739	$	311	$	91		$	7		$	7		$	1,155
Provision for loan losses		27		20		(44	)		(1	)		(2	)		-
Charge-offs		-		-		-			-			-			-
Recoveries		-		-		41			-			-			41
Balance, June 30, 2016	$	766	$	331	$	88		$	6		$	5		$	1,196

	For the Six Months Ended June 30, 2016
Allowance for loan losses:	(In thousands)
Balance, January 1, 2016	$	648	$	383		$	102		$	19		$	3	$	1,155
Provision for loan losses		118		(52	)		(55	)		(13	)		2		-
Charge-offs		-		-			-			-			-		-
Recoveries		-		-			41			-			-		41
Balance, June 30, 2016	$	766	$	331		$	88		$	6		$	5	$	1,196

	At June 30, 2017
	Real Estate
					Construction		Commercial
	Residential		Commercial		and Land		Business		Consumer		Total
	(In thousands)
Allowance for loan losses:
Ending balance, individually evaluated for impairment	$	-	$	-	$	-	$	-	$	-	$	-
Ending balance, collectively evaluated for impairment	$	545	$	442	$	76	$	15	$	8	$	1,086
Loans:
Ending balance	$	43,989	$	38,077	$	9,669	$	1,428	$	654	$	93,817
Ending balance; individually evaluated for impairment	$	1,130	$	34	$	1,648	$	-	$	-	$	2,812
Ending balance; collectively evaluated for impairment	$	42,859	$	38,043	$	8,021	$	1,428	$	654	$	91,005

	December 31, 2016
	Real Estate
					Construction		Commercial
	Residential		Commercial		and Land		Business		Consumer		Total
	(In thousands)
Allowance for loan losses:
Ending balance, individually evaluated for impairment	$	-	$	-	$	-	$	-	$	-	$	-
Ending balance, collectively evaluated for impairment	$	656	$	326	$	72	$	4	$	5	$	1,063
Loans:
Ending balance	$	43,036	$	32,175	$	9,543	$	383	$	776	$	85,913
Ending balance; individually evaluated for impairment	$	2,779	$	533	$	1,709	$	-	$	-	$	5,021
Ending balance; collectively evaluated for impairment	$	40,257	$	31,642	$	7,834	$	383	$	776	$	80,892

Financing Receivable Credit Quality Indicators [Table Text Block]

	June 30, 2017
	Real Estate
					Construction		Commercial
	Residential		Commercial		and Land		Business		Consumer		Total
	(In thousands)
Pass	$	42,054	$	37,550	$	8,441	$	1,428	$	654	$	90,127
Special mention/Watch		304		-		-		-		-		304
Substandard		1,631		527		1,228		-		-		3,386
Doubtful		-		-		-		-		-		-
Total	$	43,989	$	38,077	$	9,669	$	1,428	$	654	$	93,817

	December 31, 2016
	Real Estate
					Construction		Commercial
	Residential		Commercial		and Land		Business		Consumer		Total
	(In thousands)
Pass	$	40,724	$	31,677	$	8,520	$	348	$	766	$	82,035
Special mention/Watch		415		-		-		-		10		425
Substandard		1,897		498		1,023		35		-		3,453
Doubtful		-		-		-		-		-		-
Total	$	43,036	$	32,175	$	9,543	$	383	$	776	$	85,913

Past Due Financing Receivables [Table Text Block]

	June 30, 2017 (Unaudited)
													Total Loans >
	30-59 Days		60-89 Days		Greater Than		Total				Total Loans		90 Days &
	Past Due		Past Due		90 Days		Past Due		Current		Receivable		Accruing
	(In thousands)
Real estate
Residential	$	84	$	-	$	91	$	175	$	43,814	$	43,989	$	-
Commercial		-		-		-		-		38,077		38,077		-
Construction and land		-		-		-		-		9,669		9,669		-
Commercial business		-		-		-		-		1,428		1,428		-
Consumer		-		-		-		-		654		654		-
Total	$	84	$	-	$	91	$	175	$	93,642	$	93,817	$	-

	December 31, 2016
													Total Loans >
	30-59 Days		60-89 Days		Greater Than		Total				Total Loans		90 Days &
	Past Due		Past Due		90 Days		Past Due		Current		Receivable		Accruing
	(In thousands)
Real estate
Residential	$	194	$	-	$	327	$	521	$	42,515	$	43,036	$	-
Commercial		-		-		4		4		32,171		32,175		-
Construction and land		-		-		-		-		9,543		9,543		-
Commercial business		-		-		-		-		383		383		-
Consumer		-		-		-		-		776		776
Total	$	194	$	-	$	331	$	525	$	85,388	$	85,913	$	-

Impaired Financing Receivables [Table Text Block]

	As of						For the Three Months Ended
	June 30, 2017						June 30, 2017				June 30, 2016
			Unpaid				Average Balance of		Interest		Average Balance of		Interest
	Recorded Balance		Principal Balance		Specific Allowance		Impaired Loans		Income Recognized		Impaired Loans		Income Recognized
	(Unaudited)
	(In thousands)
Loans without a specific valuation allowance:
Real estate
Residential	$	1,130	$	1,256	$	-	$	1,002	$	32	$	1,280	$	14
Commercial		34		34		-		34		-		241		4
Construction and land		1,648		1,648		-		1,682		21		1,554		21
Commercial business						-		-		-		-		-
Consumer		-		-		-		-		-		-		-
Loans with a specific valuation allowance:
Real estate
Residential		-		-		-		-		-		468		7
Commercial		-		-		-		-		-		-		-
Construction and land		-		-		-		-		-		-		-
Commercial business		-		-		-		-		-		-		-
Consumer		-		-		-		-		-		-		-
Totals	$	2,812	$	2,938	$	-	$	2,718	$	53	$	3,543	$	46

											For the six Months Ended
	As of and for the six months ended June 30, 2017										June 30, 2016
	Recorded Balance		Unpaid Principal Balance		Specific Allowance		Average Balance of Impaired Loans		Interest Income Recognized		Average Balance of Impaired Loans		Interest Income Recognized
	(In thousands)
Loans without a specific valuation allowance:
Real estate
Residential	$	1,130	$	1,256	$	-	$	964	$	28	$	1,286	$	28
Commercial		34		34		-		34		1		237		8
Construction and land		1,648		1,648		-		1,691		46		1,562		42
Commercial business		-		-		-		-		-		-		-
Consumer		-		-		-		-		-		-		-
Loans with a specific valuation allowance:
Real estate
Residential		-		-		-		-		-		469		8
Commercial		-		-		-		-		-		-		-
Construction and land		-		-		-		-		-		-		-
Commercial business		-		-		-		-		-		-		-
Consumer		-		-		-		-		-		-		-
Totals	$	2,812	$	2,938	$	-	$	2,689	$	75	$	3,554	$	86

	As of December 31, 2016
	Recorded Balance		Unpaid Principal Balance		Specific Allowance
	(In thousands)
Loans without a specific valuation allowance:
Real estate
Residential	$	2,779	$	2,936	$	-
Commercial		533		560		-
Construction and land		1,709		1,709		-
Commercial business		-		-		-
Consumer		-		-		-
Loans with a specific valuation allowance:
Real estate
Residential		-		-		-
Commercial		-		-		-
Construction and land		-		-		-
Commercial business		-		-		-
Consumer		-		-		-
Totals	$	5,021	$	5,205	$	-

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

	June 30,		December 31,
	2017		2016
	(In thousands)
Real estate loans
Residential	$	455	$	614
Commercial		-		4
Construction and land		-		-
Commercial business		-		-
Consumer and other		-		-
Total nonaccrual	$	455	$	618