XML 65 R20.htm IDEA: XBRL DOCUMENT v3.20.1
Note 4 - Loans Held for Investment, Net (Tables)
 3 Months Ended
Mar. 31, 2020
Notes Tables  
Schedule of Loans Held for Investment, Net [Table Text Block]
   
March 31, 2020
    
December 31, 2019
  
   
Amount
    
Percent
    
Amount
    
Percent
  
                                 
Loans held for investment, net:
                                
Commercial real estate
  
$
248,763,039
   
 
79.3
%
   $
242,682,721
      
82.1
 %
One- to four-family
residential real estate
  
 
27,693,590
   
 
8.8
     
28,849,640
      
9.8
  
Commercial and industrial
  
 
34,081,604
   
 
10.9
     
20,075,236
      
6.8
  
Consumer and other
  
 
3,141,308
   
 
1.0
     
3,860,991
      
1.3
  
Total gross loans
  
 
313,679,541
   
 
100.0
%
    
295,468,588
      
100.0
 %
Unamortized loan fees
  
 
(839,614
)
    
 
      
(807,869
 )    
 
  
Loans held for investment
  
 
312,839,927
     
 
      
294,660,719
      
 
  
Allowance for loan losses
  
 
(3,396,861
)
    
 
      
(2,921,931
 )    
 
  
Loans held for investment, net
  
$
309,443,066
     
 
     $
291,738,788
      
 
  
Financing Receivable, Allowance for Credit Loss [Table Text Block]
   
As of March 31, 2020
  
   
Commercial Real Estate
    
One- to Four-Family Residential Real Estate
    
Commercial and Industrial
    
Other
    
Total
  
Allowance for loan losses
                                        
Ending balance: individually evaluated for impairment
  
$
-
   
$
-
   
$
-
   
$
-
   
$
-
 
Ending balance: collectively evaluated for impairment
  
 
2,856,106
    
 
239,647
   
 
263,483
    
 
37,625
    
 
3,396,861
 
                                         
Total
  
$
2,856,106
    
$
239,647
    
$
263,483
    
$
37,625
    
$
3,396,861
 
                                         
Gross loans
                                        
Ending balance: individually evaluated for impairment
  
$
2,642,676
   
$
766,952
   
$
-
   
$
-
   
$
3,409,628
 
Ending balance: collectively evaluated for impairment
  
 
246,120,363
   
 
26,926,638
   
 
34,081,604
   
 
3,141,308
   
 
310,269,913
 
Total
  
$
248,763,039
   
$
27,693,590
   
$
34,081,604
   
$
3,141,308
   
$
313,679,541
 
   
As of December 31, 2019
  
   
Commercial Real Estate
    
One- to Four-Family Residential Real Estate
    
Commercial and Industrial
    
Other
    
Total
  
Allowance for loan losses
                                        
Ending balance: individually evaluated for impairment
   $
-
     $
-
     $
-
     $
-
     $
-
  
Ending balance: collectively evaluated for impairment
    
2,588,714
      
187,345
      
115,502
      
30,370
      
2,921,931
  
                                         
Total
   $
2,588,714
     $
187,345
     $
115,502
     $
30,370
     $
2,921,931
  
                                         
Gross loans
                                        
Ending balance: individually evaluated for impairment
   $
2,718,731
     $
786,557
     $
-
     $
-
     $
3,505,288
  
Ending balance: collectively evaluated for impairment
    
239,963,990
      
28,063,083
      
20,075,236
      
3,860,991
      
291,963,300
  
Total
   $
242,682,721
     $
28,849,640
     $
20,075,236
     $
3,860,991
     $
295,468,588
  
   
Commercial Real Estate
    
One- to Four-Family Residential Real Estate
    
Commercial and Industrial
    
Consumer and Other
    
Total
  
                                         
Balance December 31, 2019
  
$
2,588,714
   
$
187,345
   
$
115,502
   
$
30,370
   
$
2,921,931
 
                                         
Provision for loan losses
  
 
267,392
    
 
49,372
    
 
147,981
    
 
7,255
    
 
472,000
 
                                         
Charge-offs
    
-
    
 
-
     
-
      
-
    
 
-
 
Recoveries
  
 
-
   
 
2,930
     
 
      
-
    
 
2,930
 
Net (charge-offs) recoveries
  
 
-
   
 
2,930
   
 
-
   
 
-
   
 
2,930
 
                                         
Balance March 31, 2020
  
$
2,856,106
    
$
239,647
   
$
263,483
    
$
37,625
    
$
3,396,861
 
   
Commercial Real Estate
    
One- to Four-Family Residential Real Estate
    
Commercial and Industrial
    
Consumer and Other
    
Total
  
                                         
Balance December 31, 2018
  
$
2,130,124
   
$
359,705
   
$
377,180
   
$
34,082
   
$
2,901,091
 
                                         
Provision for loan losses
  
 
211,173
   
 
(130,880
)
  
 
9,738
   
 
(2,531
)
  
 
87,500
 
                                         
Charge-offs
    
-
    
 
(8,686
)
    
-
      
-
    
 
(8,686
)
Recoveries
  
 
-
   
 
-
   
 
1,507
     
-
    
 
1,507
 
Net (charge-offs) recoveries
  
 
-
   
 
(8,686
)
  
 
1,507
     
-
    
 
(7,179
)
                                         
Balance March 31, 2019
  
$
2,341,297
   
$
220,139
   
$
388,425
   
$
31,551
   
$
2,981,412
 
Financing Receivable, Past Due [Table Text Block]
   
Past Due
            
Total
  
                   
90 Days
                    
Financing
  
   
30 - 59 Days
    
60 - 89 Days
    
or More
    
Total
    
Current
    
Receivables
  
                                                 
March 31, 2020
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Commercial real estate
  
$
-
    
$
-
    
$
-
    
$
-
    
$
248,763,039
    
$
248,763,039
  
One- to four-family
residential real estate
  
 
1,052,985
    
 
-
    
 
209,162
    
 
1,262,147
    
 
26,431,443
    
 
27,693,590
  
Commercial and industrial
  
 
-
    
 
-
    
 
-
    
 
-
    
 
34,081,604
    
 
34,081,604
  
Consumer and other
  
 
-
    
 
-
    
 
-
    
 
-
    
 
3,141,308
    
 
3,141,308
  
                                                 
Totals
  
$
1,052,985
    
$
-
    
$
209,162
    
$
1,262,147
    
$
312,417,394
    
$
313,679,541
  
                                                 
   
Past Due
            
Total
  
                   
90 Days
                    
Financing
  
   
30 - 59 Days
    
60 - 89 Days
    
or More
    
Total
    
Current
    
Receivables
  
                                                 
December 31, 2019
                                                
Commercial real estate
   $
-
     $
-
     $
2,718,731
     $
2,718,731
     $
239,963,990
     $
242,682,721
  
One- to four-family
residential real estate
    
758,197
      
36,520
      
638,623
      
1,433,340
      
27,416,300
     $
28,849,640
  
Commercial and industrial
    
-
      
-
      
-
      
-
      
20,075,236
     $
20,075,236
  
Consumer and other
    
-
      
-
      
-
      
-
      
3,860,991
     $
3,860,991
  
                                                 
Totals
   $
758,197
     $
36,520
     $
3,357,354
     $
4,152,071
     $
291,316,517
     $
295,468,588
  
Financing Receivable, Nonaccrual [Table Text Block]
   
March 31,
    
December 31,
  
   
2020
    
2019
  
                 
Nonaccrual loans
                
Commercial real estate
  
$
2,642,676
    $
2,718,731
  
One- to four-family residential real estate
  
 
766,952
     
786,557
  
Commercial and industrial
  
 
-
     
-
  
Consumer and other
  
 
-
     
-
  
Total nonaccrual loans
  
 
3,409,628
     
3,505,288
  
Other real estate (ORE)
  
 
-
     
-
  
                 
Total nonperforming assets
  
$
3,409,628
    $
3,505,288
  
                 
Nonperforming assets to gross loans held for investment and ORE
  
 
1.09
%
    
1.19
 %
Nonperforming assets to total assets
  
 
0.83
%
    
0.89
 %
Financing Receivable Credit Quality Indicators [Table Text Block]
   
As of March 31, 2020
  
   
Commercial Real Estate
    
One- to Four-Family Residential Real Estate
    
Commercial and Industrial
    
Consumer and Other
    
Total
  
                                         
Grade
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Pass
  
$
243,791,555
   
$
25,855,307
   
$
33,836,430
   
$
3,141,308
   
$
306,624,600
 
Special mention
  
 
504,150
   
 
359,216
   
 
-
   
 
-
   
 
863,366
 
Substandard
  
 
4,467,334
   
 
1,479,067
   
 
245,174
   
 
-
   
 
6,191,575
 
Doubtful
  
 
-
   
 
-
   
 
-
   
 
-
   
 
-
 
Loss
  
 
-
   
 
-
   
 
-
   
 
-
   
 
-
 
                                         
Totals
  
$
248,763,039
   
$
27,693,590
   
$
34,081,604
   
$
3,141,308
   
$
313,679,541
 
   
As of December 31, 2019
  
   
Commercial Real Estate
    
One- to Four-Family Residential Real Estate
    
Commercial and Industrial
    
Consumer and Other
    
Total
  
                                         
Grade
                                        
Pass
   $
237,546,684
     $
26,969,204
     $
19,774,797
     $
3,860,991
     $
288,151,676
  
Special mention
    
508,201
      
375,054
      
-
      
-
      
883,255
  
Substandard
    
4,627,836
      
1,505,382
      
300,439
      
-
      
6,433,657
  
Doubtful
    
-
      
-
      
-
      
-
      
-
  
Loss
    
-
      
-
      
-
      
-
      
-
  
                                         
Totals
   $
242,682,721
     $
28,849,640
     $
20,075,236
     $
3,860,991
     $
295,468,588
  
Impaired Financing Receivables [Table Text Block]
   
As of March 31, 2020
  
           
Principal
            
Average
  
   
Recorded
    
Net of
    
Related
    
Recorded
  
   
Investment
    
Charge-offs
    
Allowance
    
Investment
  
                                 
With no related allowance recorded:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Commercial real estate
  
$
2,642,676
   
$
2,642,676
   
$
-
   
$
2,682,032
 
One- to four-family residential real estate
  
 
766,952
   
 
766,952
   
 
-
   
 
780,818
 
Commercial and industrial
  
 
-
   
 
-
   
 
-
   
 
-
 
Consumer and other
 
 
-
   
 
-
   
 
-
   
 
-
 
   
$
3,409,628
   
$
3,409,628
   
$
-
   
$
3,462,850
 
                                 
With an allowance recorded:
  
$
-
   
$
-
   
$
-
   
$
-
 
                                 
Total:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Commercial real estate
  
$
2,642,676
   
$
2,642,676
   
$
-
   
$
2,682,032
 
One- to four-family residential real estate
  
 
766,952
   
 
766,952
   
 
-
   
 
780,818
 
Commercial and industrial
  
 
-
   
 
-
   
 
-
   
 
-
 
Consumer and other
 
 
-
   
 
-
   
 
-
   
 
-
 
   
$
3,409,628
   
$
3,409,628
   
$
-
   
$
3,462,850
 
   
As of December 31, 2019
  
           
Principal
            
Average
  
   
Recorded
    
Net of
    
Related
    
Recorded
  
   
Investment
    
Charge-offs
    
Allowance
    
Investment
  
                                 
With no related allowance recorded:
                                
Commercial real estate
   $
2,718,731
     $
2,718,731
     $
-
     $
2,738,545
  
One- to four-family residential real estate
    
786,557
      
786,557
      
-
      
791,476
  
Commercial and industrial
    
-
      
-
      
-
      
-
  
Consumer and other
    
-
      
-
      
-
      
-
  
    $
3,505,288
     $
3,505,288
     $
-
     $
3,530,021
  
                                 
With an allowance recorded:
   $
-
     $
-
     $
-
     $
-
  
                                 
Total:
                                
Commercial real estate
   $
2,718,731
     $
2,718,731
     $
-
     $
2,738,545
  
One- to four-family residential real estate
    
786,557
      
786,557
      
-
      
791,476
  
Commercial and industrial
    
-
      
-
      
-
      
-
  
Consumer and other
    
-
      
-
      
-
      
-
  
    $
3,505,288
     $
3,505,288
     $
-
     $
3,530,021