Note 8 - Loans and Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

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

	September 30,			December 31,
	2016			2015
Mortgage loans:
One-to-four family residential loans	$	102,562,294		$	99,254,737
Multi-family residential loans		4,259,956			3,969,207
Total mortgage loans		106,822,250			103,223,944
Other loans:
Non-residential real estate loans		22,727,775			20,177,322
Commercial loans		13,058,919			12,069,815
Consumer direct		2,691,540			1,651,371
Purchased auto		11,951,610			5,211,755
Total other loans		50,429,844			39,110,263
Gross loans		157,252,094			142,334,207
Less: Allowance for loan losses		(2,308,154	)		(2,224,006	)
Loans, net	$	154,943,940		$	140,110,201

Schedule of Loans Acquired in Merger [Table Text Block]

	September 30,			December 31,
	2016			2015
Mortgage loans:
One-to-four family residential loans	$	18,792,141		$	20,752,355
Multi-family residential loans		274,018			294,020
Total mortgage loans		19,066,159			21,046,375
Other loans:
Non-residential real estate loans		2,580,186			2,685,987
Commercial loans		840,174			852,077
Consumer direct		241,921			541,174
Total other loans		3,662,281			4,079,238
Gross loans		22,728,440			25,125,613
Less: Allowance for loan losses		(100,000	)		(85,000	)
Loans, net	$	22,628,440		$	25,040,613

Schedule Of Loans Purchased [Table Text Block]

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Purchased auto loans	$	1,010,717	$	-	$	9,351,997	$	-

Schedule of Credit Losses for Financing Receivables, Current [Table Text Block]

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
One-to-four family	$	17,802		$	(157,703	)	$	(173,225	)	$	(73,744	)
Multi-family		3,972			4,472			11,915			(21,477	)
Non-residential		-			(18,307	)		-			(18,307	)
Commercial		-			-			-			-
Consumer direct		1,551			(11,906	)		5,005			(55,577	)
Purchased auto		(28,212	)		(20,185	)		(62,047	)		(40,915	)
Net (charge-offs)/recoveries	$	(4,887	)	$	(203,629	)	$	(218,352	)	$	(210,020	)

Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]

September 30, 2016	One-to-Four Family			Multi-family			Non- residential		Commercial		Consumer Direct		Purchased Auto			Total
Balance at beginning of period	$	1,574,598		$	167,485		$	275,347	$	53,256	$	60,491	$	156,864		$	2,288,041
Provision charged to income		(28,679	)		(132,076	)		98,221		21,914		22,610		43,010			25,000
Loans charged off		(2,698	)		-			-		-		-		(29,718	)		(32,416	)
Recoveries of loans previously charged off		20,500			3,972			-		-		1,551		1,506			27,529
Balance at end of period	$	1,563,721		$	39,381		$	373,568	$	75,170	$	84,652	$	171,662		$	2,308,154

September 30, 2015	One-to-Four Family			Multi-family		Non- residential			Commercial		Consumer Direct			Purchased Auto			Total
Balance at beginning of period	$	1,986,275		$	143,970	$	243,010		$	32,650	$	29,199		$	93,112		$	2,528,216
Provision charged to income		(122,360	)		18,729		67,433			12,777		18,628			4,793			-
Loans charged off		(158,302	)		-		(18,307	)		-		(13,647	)		(21,772	)		(212,028	)
Recoveries of loans previously charged off		599			4,472		-			-		1,741			1,587			8,399
Balance at end of period	$	1,706,212		$	167,171	$	292,136		$	45,427	$	35,921		$	77,720		$	2,324,587

September 30, 2016	One-to-Four Family			Multi-family			Non- residential		Commercial		Consumer Direct		Purchased Auto			Total
Balance at beginning of period	$	1,727,582		$	142,237		$	198,340	$	51,306	$	37,187	$	67,354		$	2,224,006
Provision charged to income		9,364			(114,771	)		175,228		23,864		42,460		166,355			302,500
Loans charged off		(233,264	)		-			-		-		-		(68,011	)		(301,275	)
Recoveries of loans previously charged off		60,039			11,915			-		-		5,005		5,964			82,923
Balance at end of period	$	1,563,721		$	39,381		$	373,568	$	75,170	$	84,652	$	171,662		$	2,308,154

September 30, 2015	One-to-Four Family			Multi-family			Non- residential			Commercial		Consumer Direct			Purchased Auto			Total
Balance at beginning of period	$	1,812,448		$	121,918		$	245,098		$	35,947	$	10,804		$	88,392		$	2,314,607
Provision charged to income		(32,492	)		66,730			65,345			9,480		80,694			30,243			220,000
Loans charged off		(168,359	)		(33,892	)		(18,307	)		-		(60,055	)		(46,062	)		(326,675	)
Recoveries of loans previously charged off		94,615			12,415			-			-		4,478			5,147			116,655
Balance at end of period	$	1,706,212		$	167,171		$	292,136		$	45,427	$	35,921		$	77,720		$	2,324,587

September 30, 2016	One-to-four Family		Multi-family		Non- residential		Commercial		Consumer Direct		Purchased Auto		Total
Loans individually evaluated for impairment	$	1,739,851	$	-	$	1,880,189	$	-	$	-	$	12,569	$	3,632,609
Loans acquired with deteriorated credit quality		479,835		-		-		-		-		-		479,835
Loans collectively evaluated for impairment		100,342,608		4,259,956		20,847,586		13,058,919		2,691,540		11,939,041		153,139,650
Ending Balance	$	102,562,294	$	4,259,956	$	22,727,775	$	13,058,919	$	2,691,540	$	11,951,610	$	157,252,094
Period-end amount allocated to:
Loans individually evaluated for impairment	$	211,410	$	-	$	252,352	$	-	$	-	$	6,285	$	470,047
Loans acquired with deteriorated credit quality		35,368		-		-		-		-		-		35,368
Loans collectively evaluated for impairment		1,316,943		39,381		121,216		75,170		84,652		165,377		1,802,739
Balance at end of period	$	1,563,721	$	39,381	$	373,568	$	75,170	$	84,652	$	171,662	$	2,308,154

December 31, 2015	One-to-four Family		Multi-family		Non- residential		Commercial		Consumer Direct		Purchased Auto		Total
Loans individually evaluated for impairment	$	2,311,855	$	-	$	2,069,922	$	-	$	-	$	3,069	$	4,384,846
Loans acquired with deteriorated credit quality		575,605		-		-		-		-		-		575,605
Loans collectively evaluated for impairment		96,367,277		3,969,207		18,107,400		12,069,815		1,651,371		5,208,686		137,373,756
Ending Balance	$	99,254,737	$	3,969,207	$	20,177,322	$	12,069,815	$	1,651,371	$	5,211,755	$	142,334,207
Period-end amount allocated to:
Loans individually evaluated for impairment	$	295,770	$	-	$	75,086	$	-	$	-	$	-	$	370,856
Loans acquired with deteriorated credit quality		15,828		-		-		-		-		-		15,828
Loans collectively evaluated for impairment		1,415,984		142,237		123,254		51,306		37,187		67,354		1,837,322
Balance at end of period	$	1,727,582	$	142,237	$	198,340	$	51,306	$	37,187	$	67,354	$	2,224,006

Impaired Financing Receivables [Table Text Block]

September 30, 2016	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
One-to-four family	$	2,303,698	$	1,022,446	$	1,197,240	$	2,219,686	$	246,778	$	2,715,325
Multi-family		-		-		-		-		-		-
Non-residential		1,880,189		-		1,880,189		1,880,189		252,352		1,956,910
Commercial		-		-		-		-		-		-
Consumer direct		-		-		-		-		-		-
Purchased auto		12,569		-		12,569		12,569		6,285		6,826
	$	4,196,456	$	1,022,446	$	3,089,998	$	4,112,444	$	505,415	$	4,679,061

December 31, 2015	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
One-to-four family	$	3,014,703	$	1,902,819	$	984,641	$	2,887,460	$	311,598	$	3,596,800
Multi-family		-		-		-		-		-		-
Non-residential		2,069,922		389,961		1,679,961		2,069,922		75,086		2,114,684
Commercial		-		-		-		-		-		21,789
Consumer direct		-		-		-		-		-		3,464
Purchased auto		3,069		3,069		-		3,069		-		6,574
	$	5,087,694	$	2,295,849	$	2,664,602	$	4,960,451	$	386,684	$	5,743,311

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	Nine Months Ended						Nine Months Ended
	September 30, 2016						September 30, 2015
	Number of Modifications		Recorded Investment		Increase in Allowance		Number of Modifications		Recorded Investment		Increase in Allowance
	(as of period end)						(as of period end)
One-to-four family		2	$	80,814	$	-		-	$	-	$	-
Multi-family		-		-		-		-		-		-
Non-residential		-		-		-		-		-		-
Commercial		-		-		-		-		-		-
Consumer direct		-		-		-		-		-		-
Purchased auto		-		-		-		-		-		-
		2	$	80,814	$	-		-	$	-	$	-

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

September 30, 2016	Nonaccrual		Loans Past Due Over 90 Days Still Accruing
One-to-four family	$	2,310,070	$	-
Multi-family		-		-
Non-residential		1,880,189		-
Commercial		-		-
Consumer direct		-		-
Purchased auto		12,569		-
	$	4,202,828	$	-

December 31, 2015	Nonaccrual		Loans Past Due Over 90 Days Still Acc ruing
One-to-four family	$	2,982,386	$	-
Multi-family		-		-
Non-residential		2,069,922		-
Commercial		-		-
Consumer direct		-		-
Purchased auto		3,069		-
	$	5,055,377	$	-

Past Due Financing Receivables [Table Text Block]

September 30, 2016	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Past Due Loans		Current Loans		Total Loans
One-to-four family	$	1,757,833	$	149,293	$	691,864	$	2,598,990	$	99,963,304	$	102,562,294
Multi-family		-		-		-		-		4,259,956		4,259,956
Non-residential		604,620		272,228		-		876,848		21,850,927		22,727,775
Commercial		828		-		-		828		13,058,091		13,058,919
Consumer direct		-		-		-		-		2,691,540		2,691,540
Purchased auto		17,935		-		12,569		30,504		11,921,106		11,951,610
	$	2,381,216	$	421,521	$	704,433	$	3,507,170	$	153,744,924	$	157,252,094

December 31, 2015	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Past Due Loans		Current Loans		Total Loans
One-to-four family	$	1,251,155	$	753,597	$	737,042	$	2,741,794	$	96,512,943	$	99,254,737
Multi-family		31,274		-		-		31,274		3,937,933		3,969,207
Non-residential		847,216		112,739		18,127		978,082		19,199,240		20,177,322
Commercial		9,086		-		-		9,086		12,060,729		12,069,815
Consumer direct		4,814		-		-		4,814		1,646,557		1,651,371
Purchased auto		2,391		-		3,069		5,460		5,206,295		5,211,755
	$	2,145,936	$	866,336	$	758,238	$	3,770,510	$	138,563,697	$	142,334,207

Financing Receivable Credit Quality Indicators [Table Text Block]

September 30, 2016	Pass		Special Mention		Substandard		Doubtful		Not Rated
One-to-four family	$	-	$	838,707	$	2,219,686	$	-	$	99,503,901
Multi-family		-		127,330		-		-		4,132,626
Non-residential		20,652,597		194,989		1,880,189		-		-
Commercial		13,058,919		-		-		-		-
Consumer direct		-		-		-		-		2,691,540
Purchased auto		-		-		12,569		-		11,939,041
Total	$	33,711,516	$	1,161,026	$	4,112,444	$	-	$	118,267,108

December 31, 2015	Pass		Special Mention		Substandard		Doubtful		Not Rated
One-to-four family	$	-	$	692,601	$	2,887,460	$	-	$	95,674,676
Multi-family		-		-		-		-		3,969,207
Non-residential		18,083,194		24,206		2,069,922		-		-
Commercial		12,069,815		-		-		-		-
Consumer direct		-		-		-		-		1,651,371
Purchased auto		-		-		3,069		-		5,208,686
Total	$	30,153,009	$	716,807	$	4,960,451	$	-	$	106,503,940