XML 44 R34.htm IDEA: XBRL DOCUMENT v3.20.2
Loans and Allowance for Loan Losses - Allowance for loan losses activity and recorded investment in loan by segment (Details) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Allowance for loan losses:          
Balance, beginning of period $ 1,472,545 $ 1,404,988 $ 1,407,545 $ 1,405,072 $ 1,405,072
Provision (credit) charged to expense   25,000 65,000 25,000 25,000
Losses charged off   (22,443)   (22,527)  
Recoveries         (22,527)
Balance, end of period 1,472,545 1,407,545 1,472,545 1,407,545 1,407,545
Ending balance: Individually evaluated for impairment 28,735   28,735   28,735
Ending balance: Collectively evaluated for impairment 1,443,810   1,443,810   1,378,810
Loans:          
Ending balance 174,900,772   174,900,772   181,551,161
Ending balance: Individually evaluated for impairment 2,046,141   2,046,141   2,521,067
Ending balance: Collectively evaluated for impairment 172,854,631   172,854,631   179,030,094
Residential Portfolio Segment [Member]          
Loans:          
Ending balance         10,029,917
Residential Portfolio Segment [Member] | One- to Four- Family Mortgage Loans Owner Occupied [Member]          
Allowance for loan losses:          
Balance, beginning of period 449,513 456,630 324,647 456,630 456,630
Provision (credit) charged to expense (71,172) (81,169) 53,694 (81,169) (117,552)
Losses charged off   (14,431)   (14,431)  
Recoveries         (14,431)
Balance, end of period 378,341 361,030 378,341 361,030 324,647
Ending balance: Individually evaluated for impairment 20,722   20,722   20,722
Ending balance: Collectively evaluated for impairment 357,619   357,619   303,925
Loans:          
Ending balance 79,018,999   79,018,999   91,919,064
Ending balance: Individually evaluated for impairment 1,160,983   1,160,983   1,115,573
Ending balance: Collectively evaluated for impairment 77,858,016   77,858,016   90,803,491
Residential Portfolio Segment [Member] | One To Four Family Investment Mortgage Loans [Member]          
Allowance for loan losses:          
Balance, beginning of period 97,741 123,017 82,219 123,017 123,017
Provision (credit) charged to expense (14,173) (27,962) 1,349 (27,962) (32,786)
Losses charged off   (8,012)   (8,012)  
Recoveries         (8,012)
Balance, end of period 83,568 87,043 83,568 87,043 82,219
Ending balance: Individually evaluated for impairment 8,013   8,013   8,013
Ending balance: Collectively evaluated for impairment 75,555   75,555   74,206
Loans:          
Ending balance 12,570,884   12,570,884   12,846,342
Ending balance: Individually evaluated for impairment 569,212   569,212   760,733
Ending balance: Collectively evaluated for impairment 12,001,672   12,001,672   12,085,609
Residential Portfolio Segment [Member] | Multi-Family Mortgage Loans [Member]          
Allowance for loan losses:          
Balance, beginning of period 348,117 224,384 524,183 224,384 224,384
Provision (credit) charged to expense 20,655 138,667 (155,411) 138,667 299,799
Balance, end of period 368,772 363,051 368,772 363,051 524,183
Ending balance: Collectively evaluated for impairment 368,772   368,772   524,183
Loans:          
Ending balance 38,680,588   38,680,588   36,628,238
Ending balance: Individually evaluated for impairment 213,116   213,116   507,066
Ending balance: Collectively evaluated for impairment 38,467,472   38,467,472   36,121,172
Residential Portfolio Segment [Member] | Real Estate Secured Lines of Credit [Member]          
Allowance for loan losses:          
Balance, beginning of period 65,722 296,873 105,187 296,873 296,873
Provision (credit) charged to expense 20,795 (1,320) (18,670) (1,320) (191,686)
Balance, end of period 86,517 295,553 86,517 295,553 105,187
Ending balance: Collectively evaluated for impairment 86,517   86,517   105,187
Loans:          
Ending balance 10,560,399   10,560,399   10,029,917
Ending balance: Individually evaluated for impairment 59,268   59,268   81,505
Ending balance: Collectively evaluated for impairment 10,501,131   10,501,131   9,948,412
Non Residential Portfolio Segment [Member]          
Allowance for loan losses:          
Balance, beginning of period 397,222 182,338 277,026 182,338 182,338
Provision (credit) charged to expense 37,054 6,201 157,250 6,201 94,688
Balance, end of period 434,276 188,539 434,276 188,539 277,026
Ending balance: Collectively evaluated for impairment 434,276   434,276   277,026
Loans:          
Ending balance 26,728,087   26,728,087   23,377,598
Ending balance: Individually evaluated for impairment 43,562   43,562   56,190
Ending balance: Collectively evaluated for impairment 26,684,525   26,684,525   23,321,408
Commercial real estate portfolio segment [Member]          
Loans:          
Ending balance         5,329,188
Commercial real estate portfolio segment [Member] | Construction & Land Loans [Member]          
Allowance for loan losses:          
Balance, beginning of period 75,594 100,187 69,457 100,187 100,187
Provision (credit) charged to expense 9,348 (10,142) 15,485 (10,142) (30,730)
Balance, end of period 84,942 90,045 84,942 90,045 69,457
Ending balance: Collectively evaluated for impairment 84,942   84,942   69,457
Loans:          
Ending balance 5,611,889   5,611,889   5,329,188
Ending balance: Collectively evaluated for impairment 5,611,889   5,611,889   5,329,188
Commercial Loans [Member]          
Allowance for loan losses:          
Balance, beginning of period 32,220 9,001 11,408 9,001 9,001
Provision (credit) charged to expense (1,732) (1,443) 19,080 (1,443) 2,407
Balance, end of period 30,488 7,558 30,488 7,558 11,408
Ending balance: Collectively evaluated for impairment 30,488   30,488   11,408
Loans:          
Ending balance 1,396,309   1,396,309   557,268
Ending balance: Collectively evaluated for impairment 1,396,309   1,396,309   557,268
Other Consumer Loans [Member]          
Allowance for loan losses:          
Balance, beginning of period 6,416 12,558 13,418 12,642 12,642
Provision (credit) charged to expense (775) 2,168 (7,777) 2,168 860
Losses charged off       (84)  
Recoveries         (84)
Balance, end of period 5,641 $ 14,726 5,641 $ 14,726 13,418
Ending balance: Collectively evaluated for impairment 5,641   5,641   13,418
Loans:          
Ending balance 333,617   333,617   863,546
Ending balance: Collectively evaluated for impairment $ 333,617   $ 333,617   $ 863,546