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

3 Months Ended

Mar. 31, 2019

Notes Tables

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

	March 31,			December 31,
	2019			2018
Mortgage loans:
One-to-four family residential loans	$	145,180,143		$	141,779,340
Multi-family residential loans		6,675,726			6,776,424
Total mortgage loans		151,855,869			148,555,764
Other loans:
Non-residential real estate loans		31,440,008			35,286,236
Commercial loans		18,210,794			17,241,698
Consumer direct		16,708,018			15,390,263
Purchased auto		20,206,933			22,080,196
Total other loans		86,565,753			89,998,393
Gross loans		238,421,622			238,554,157
Less: Allowance for loan losses		(2,628,365	)		(2,627,738	)
Loans, net	$	235,793,257		$	235,926,419

Schedule Of Loans Purchased [Table Text Block]

	Three Months Ended March 31,
	2019		2018
Purchased auto loans	$	-	$	4,034,864

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

	Three Months Ended March 31,
	2019			2018
One-to-four family	$	(109,876	)	$	(2,283	)
Multi-family		3,971			3,972
Non-residential		-			-
Consumer direct		353			1,727
Purchased auto		(23,821	)		(30,829	)
Net (charge-offs)/recoveries	$	(129,373	)	$	(27,413	)

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

	One-to-
	four			Multi-			Non-					Consumer		Purchased
March 31, 201 9	family			family			residential			Commercial		direct		auto			Total
Balance at beginning of period	$	1,761,736		$	26,562		$	343,663		$	135,165	$	82,947	$	277,665		$	2,627,738
Provision charged to income		71,605			(3,835	)		(25,809	)		10,492		41,985		35,562			130,000
Loans charged off		(236,220	)		-			-			-		-		(34,520	)		(270,740	)
Recoveries of loans previously charged off		126,344			3,971			-			-		353		10,699			141,367
Balance at end of period	$	1,723,465		$	26,698		$	317,854		$	145,657	$	125,285	$	289,406		$	2,628,365

	One-to-
	four			Multi-			Non-					Consumer			Purchased
March 31, 2018	family			family			residential		Commercial			direct			auto			Total
Balance at beginning of period	$	1,477,419		$	21,970		$	371,093	$	153,596		$	140,269		$	308,099		$	2,472,446
Provision charged to income		114,187			(816	)		1,187		(521	)		(44,411	)		55,874			125,500
Loans charged off		(6,724	)		-			-		-			-			(36,194	)		(42,918	)
Recoveries of loans previously charged off		4,441			3,972			-		-			1,727			5,365			15,505
Balance at end of period	$	1,589,323		$	25,126		$	372,280	$	153,075		$	97,585		$	333,144		$	2,570,533

	One-to-
	four		Multi-		Non-				Consumer		Purchased
March 31, 201 9	family		family		residential		Commercial		direct		auto		Total
Loans individually evaluated for Impairment	$	574,262	$	-	$	444,322	$	-	$	-	$	-	$	1,018,584
Loans acquired with deteriorated credit quality		87,860		-		-		-		-		-		87,860
Loans collectively evaluated for Impairment		144,518,021		6,675,726		30,995,686		18,210,794		16,708,018		20,206,933		237,315,178
Balance at end of period	$	145,180,143	$	6,675,726	$	31,440,008	$	18,210,794	$	16,708,018	$	20,206,933	$	238,421,622
Period-end amount allocated to:
Loans individually evaluated for Impairment	$	86,591	$	-	$	38,921	$	-	$	-	$	-	$	125,512
Loans acquired with deteriorated credit quality		3,598		-		-		-		-		-		3,598
Loans collectively evaluated for Impairment		1,633,276		26,698		278,933		145,657		125,285		289,406		2,499,255
Balance at end of period	$	1,723,465	$	26,698	$	317,854	$	145,657	$	125,285	$	289,406	$	2,628,365

	One-to-
	four		Multi-		Non-				Consumer		Purchased
December 31, 2018	family		family		residential		Commercial		direct		auto		Total
Loans individually evaluated for Impairment	$	955,317	$	-	$	455,196	$	-	$	-	$	-	$	1,410,513
Loans acquired with deteriorated credit quality		93,427		-		-		-		-		-		93,427
Loans collectively evaluated for Impairment		140,730,596		6,776,424		34,831,040		17,241,698		15,390,263		22,080,196		237,050,217
Balance at end of period	$	141,779,340	$	6,776,424	$	35,286,236	$	17,241,698	$	15,390,263	$	22,080,196	$	238,554,157
Period-end amount allocated to:
Loans individually evaluated for Impairment	$	160,822	$	-	$	38,674	$	-	$	-	$	-	$	199,496
Loans acquired with deteriorated credit quality		17,817		-		-		-		-		-		17,817
Loans collectively evaluated for impairment		1,583,097		26,562		304,989		135,165		82,947		277,665		2,410,425
Balance at end of period	$	1,761,736	$	26,562	$	343,663	$	135,165	$	82,947	$	277,665	$	2,627,738

Impaired Financing Receivables [Table Text Block]

March 31, 201 9	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	$	662,122	$	414,670	$	247,452	$	662,122	$	90,189	$	875,235
Multi-family		-		-		-		-		-		-
Non-residential		444,322		12,133		432,189		444,322		38,921		447,893
Commercial		-		-		-		-		-		-
Consumer direct		-		-		-		-		-		-
Purchased auto		-		-		-		-		-		-
	$	1,106,444	$	426,803	$	679,641	$	1,106,444	$	129,110	$	1,323,128

December 31, 2018	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	$	1,048,744	$	427,825	$	620,919	$	1,048,744	$	178,639	$	1,074,284
Multi-family		-		-		-		-		-		-
Non-residential		455,196		141,804		313,392		455,196		38,674		366,226
Commercial		-		-		-		-		-		1,282
Consumer direct		-		-		-		-		-		-
Purchased auto		-		-		-		-		-		5,708
	$	1,503,940	$	569,629	$	934,311	$	1,503,940	$	217,313	$	1,447,500

Financing Receivable, Nonaccrual [Table Text Block]

March 31, 201 9	Nonaccrual		Loans Past Due Over 90 Days Still Accruing
One-to-four family	$	662,122	$	-
Multi-family		-		-
Non-residential		444,322		-
Commercial		-		-
Consumer direct		-		-
Purchased auto		-		-
	$	1,106,444	$	-

December 31, 2018	Nonaccrual		Loans Past Due Over 90 Days Still Accruing
One-to-four family	$	1,048,744	$	-
Multi-family		-		-
Non-residential		455,196		-
Commercial		-		-
Consumer direct		-		-
Purchased auto		-		-
	$	1,503,940	$	-

Financing Receivable, Past Due [Table Text Block]

March 31, 201 9	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	$	2,290,101	$	107,858	$	240,756	$	2,638,715	$	142,541,428	$	145,180,143
Multi-family		-		-		-		-		6,675,726		6,675,726
Non-residential		302,853		-		129,336		432,189		31,007,819		31,440,008
Commercial		10,504		178,634		-		189,138		18,021,656		18,210,794
Consumer direct		-		-		-		-		16,708,018		16,708,018
Purchased auto		2,085		-		-		2,085		20,204,848		20,206,933
	$	2,605,543	$	286,492	$	370,092	$	3,262,127	$	235,159,495	$	238,421,622

December 31, 2018	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	$	1,293,142	$	549,331	$	788,127	$	2,630,600	$	139,148,740	$	141,779,340
Multi-family		-		-		-		-		6,776,424		6,776,424
Non-residential		1,413,392		129,464		127,464		1,670,320		33,615,916		35,286,236
Commercial		3,989		-		-		3,989		17,237,709		17,241,698
Consumer direct		9,044		-		-		9,044		15,381,219		15,390,263
Purchased auto		31,671		16,069		-		47,740		22,032,456		22,080,196
	$	2,751,238	$	694,864	$	915,591	$	4,361,693	$	234,192,464	$	238,554,157

Financing Receivable Credit Quality Indicators [Table Text Block]

March 31, 2019	Pass		Special Mention		Substandard		Doubtful		Not rated		Total Loans
One-to-four family	$	31,287,749	$	332,047	$	662,122	$	-	$	112,898,225	$	145,180,143
Multi-family		-		-		-		-		6,675,726		6,675,726
Non-residential		30,995,686		-		444,322		-		-		31,440,008
Commercial		18,210,794		-		-		-		-		18,210,794
Consumer direct		-		37,570		-		-		16,670,448		16,708,018
Purchased auto		-		-		-		-		20,206,933		20,206,933
Total	$	80,494,229	$	369,617	$	1,106,444	$	-	$	156,451,332	$	238,421,622

December 31, 2018	Pass		Special Mention		Substandard		Doubtful		Not rated		Total Loans
One-to-four family	$	29,653,633	$	335,758	$	1,048,744	$	-	$	110,741,205	$	141,779,340
Multi-family		-		-		-		-		6,776,424		6,776,424
Non-residential		34,831,040		-		455,196		-		-		35,286,236
Commercial		17,241,698		-		-		-		-		17,241,698
Consumer direct		-		-		-		-		15,390,263		15,390,263
Purchased auto		-		-		-		-		22,080,196		22,080,196
Total	$	81,726,371	$	335,758	$	1,503,940	$	-	$	154,988,088	$	238,554,157