Note 4 - Loans and Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

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

	December 31,			December 31,
	2019			2018
Mortgage loans:
One-to-four family	$	155,143,081		$	141,779,340
Multi-family		5,861,428			6,776,424
Total mortgage loans		161,004,509			148,555,764
Other loans:
Non-residential		30,679,614			35,286,236
Commercial loans		23,915,335			17,241,698
Consumer direct		20,562,789			15,390,263
Purchased auto		14,551,199			22,080,196
Total other loans		89,708,937			89,998,393
Gross loans		250,713,446			238,554,157
Less: Allowance for loan losses		(2,937,632	)		(2,627,738	)
Loans, net	$	247,775,814		$	235,926,419

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block]

	2019			2018
Balance, beginning of year	$	93,427		$	144,528
Payment activity		(28,389	)		(60,413	)
Advance on lines of credit		100,000			-
Accretion into interest income		280			9,312
	$	164,758		$	93,427

Certain Loans Acquired in Transfer Accretable Yield [Table Text Block]

	2019			2018
Balance, beginning of year	$	280		$	9,592
Accretion into interest income		(280	)		(9,312	)
	$	-		$	280

Schedule Of Loans Purchased [Table Text Block]

	Years Ended December 31,
	2019		2018
Purchased auto loans	$	-	$	10,012,800

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

December 31, 201 9	One-to-Four Family			Multi-family			Non-residential			Commercial		Consumer Direct			Purchased 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		505,357			(34,149	)		(136,253	)		63,400		152,566			44,079			595,000
Loans charged off		(284,980	)		-			-			-		(47,898	)		(161,332	)		(494,210	)
Recoveries of loans previously charged off		138,969			31,920			-			-		4,206			34,009			209,104
Balance at end of period	$	2,121,082		$	24,333		$	207,410		$	198,565	$	191,821		$	194,421		$	2,937,632
Period-end amount allocated to:
Loans individually evaluated for impairment	$	90,359		$	-		$	-		$	-	$	-		$	9,595		$	99,954
Loans acquired with deteriorated credit quality		100,172			-			-			-		-			-			100,172
Loans collectively evaluated for impairment		1,930,551			24,333			207,410			198,565		191,821			184,826			2,737,506
Balance at end of period	$	2,121,082		$	24,333		$	207,410		$	198,565	$	191,821		$	194,421		$	2,937,632

December 31, 201 8	One-to-Four Family			Multi-family			Non-residential			Commercial			Consumer Direct			Purchased 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		546,217			(11,295	)		(27,430	)		(18,431	)		(72,930	)		111,369			527,500
Loans charged off		(312,175	)		-			-			-			-			(166,021	)		(478,196	)
Recoveries of loans previously charged off		50,275			15,887			-			-			15,608			24,218			105,988
Balance at end of period	$	1,761,736		$	26,562		$	343,663		$	135,165		$	82,947		$	277,665		$	2,627,738
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

December 31, 201 9	One-to-four Family		Multi-family		Non-residential		Commercial		Consumer Direct		Purchased Auto		Total
Loans individually evaluated for impairment	$	1,724,694	$	-	$	343,720	$	-	$	-	$	19,190	$	2,087,604
Loans acquired with deteriorated credit quality		164,758		-		-		-		-		-		164,758
Loans collectively evaluated for impairment		153,253,629		5,861,428		30,335,894		23,915,335		20,562,789		14,532,009		248,461,084
Ending Balance	$	155,143,081	$	5,861,428	$	30,679,614	$	23,915,335	$	20,562,789	$	14,551,199	$	250,713,446

December 31, 201 8	One-to-four Family		Multi-family		Non-residential		Commercial		Consumer Direct		Purchased 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
Ending Balance	$	141,779,340	$	6,776,424	$	35,286,236	$	17,241,698	$	15,390,263	$	22,080,196	$	238,554,157

Impaired Financing Receivables [Table Text Block]

December 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	$	1,889,452	$	1,357,280	$	532,172	$	1,889,452	$	190,531	$	1,298,425
Multi-family		-		-		-		-		-		-
Non-residential		343,720		343,720		-		343,720		-		377,632
Commercial		-		-		-		-		-		-
Consumer direct		-		-		-		-		-		-
Purchased auto		19,190		-		19,190		19,190		9,595		5,736
	$	2,252,362	$	1,701,000	$	551,362	$	2,252,362	$	200,126	$	1,681,793

December 31, 201 8	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			$	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]

December 31, 201 9	Nonaccrual		Loans Past Due Over 90 Days Still Accruing
One-to-four family	$	1,889,452	$	-
Multi-family		-		-
Non-residential		343,720		-
Commercial		-		-
Consumer direct		-		-
Purchased auto		19,190		-
	$	2,252,362	$	-

December 31, 201 8	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]

December 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	$	2,635,464	$	607,023	$	986,029	$	4,228,516	$	150,914,565	$	155,143,081
Multi-family		104,716		-		-		104,716		5,756,712		5,861,428
Non-residential		272,138		64,116		-		336,254		30,343,360		30,679,614
Commercial		368,448		52,629		-		421,077		23,494,258		23,915,335
Consumer direct		29,243		-		-		29,243		20,533,546		20,562,789
Purchased auto		64,489		21,673		19,190		105,352		14,445,847		14,551,199
	$	3,474,498	$	745,441	$	1,005,219	$	5,225,158	$	245,488,288	$	250,713,446

December 31, 201 8	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]

Decemb e r 31, 201 9	Pass		Special Mention		Substandard		Doubtful		Not rated		Total Loans
One-to-four family	$	29,089,454	$	40,429	$	1,889,452	$	-	$	124,123,746	$	155,143,081
Multi-family		-		-		-		-		5,861,428		5,861,428
Non-residential		30,335,894		-		343,720		-		-		30,679,614
Commercial		23,915,335		-		-		-		-		23,915,335
Consumer direct		-		-		-		-		20,562,789		20,562,789
Purchased auto		-		-		19,190		-		14,532,009		14,551,199
Total	$	83,340,683	$	40,429	$	2,252,362	$	-	$	165,079,972	$	250,713,446

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