Note 3 - Loans and Allowance for Loan Losses (Tables)
|
3 Months Ended |
Mar. 31, 2022 |
|---|
| Notes Tables |
|
| Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] |
| |
|
March 31, 2022 |
|
|
December 31, 2021 |
|
| |
|
(Dollars in thousands) |
|
| First mortgage loans |
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
89,237 |
|
|
$ |
88,028 |
|
| Multi-family |
|
|
3,698 |
|
|
|
3,497 |
|
| Commercial |
|
|
4,206 |
|
|
|
4,604 |
|
| Total first mortgage loans |
|
|
97,141 |
|
|
|
96,129 |
|
| Consumer loans |
|
|
147 |
|
|
|
372 |
|
| Total loans |
|
|
97,288 |
|
|
|
96,501 |
|
| Net deferred loan costs |
|
|
842 |
|
|
|
812 |
|
| Allowance for loan losses |
|
|
(785 |
) |
|
|
(779 |
) |
| Total loans, net |
|
$ |
97,345 |
|
|
$ |
96,534 |
|
|
| Financing Receivable, Allowance for Credit Loss [Table Text Block] |
| |
|
March 31, 2022 |
|
| |
|
1-4 family |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
residential |
|
|
Multi-family |
|
|
Commercial |
|
|
Consumer |
|
|
Total |
|
| |
|
(Dollars in thousands) |
|
| Three months ended |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning balance |
|
$ |
675 |
|
|
$ |
69 |
|
|
$ |
25 |
|
|
$ |
10 |
|
|
$ |
779 |
|
| Charge-offs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Recoveries |
|
|
6 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
6 |
|
| Net recoveries (charge-offs) |
|
|
6 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
6 |
|
| (Release of) provision for loan losses |
|
|
48 |
|
|
|
(42 |
) |
|
|
1 |
|
|
|
(7 |
) |
|
|
— |
|
| Ending balance |
|
$ |
729 |
|
|
$ |
27 |
|
|
$ |
26 |
|
|
$ |
3 |
|
|
$ |
785 |
|
| |
|
March 31, 2021 |
|
| |
|
1-4 family |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
residential |
|
|
Multi-family |
|
|
Commercial |
|
|
Consumer |
|
|
Total |
|
| |
|
(Dollars in thousands) |
|
| Three months ended |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning balance |
|
$ |
798 |
|
|
$ |
29 |
|
|
$ |
38 |
|
|
$ |
5 |
|
|
$ |
870 |
|
| Charge-offs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Recoveries |
|
|
2 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2 |
|
| Net recoveries |
|
|
2 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2 |
|
| (Release of) provision for loan losses |
|
|
(90 |
) |
|
|
(3 |
) |
|
|
(8 |
) |
|
|
101 |
|
|
|
— |
|
| Ending balance |
|
$ |
710 |
|
|
$ |
26 |
|
|
$ |
30 |
|
|
$ |
106 |
|
|
$ |
872 |
|
| |
|
Collectively evaluated |
|
|
Individually evaluated |
|
|
Total |
|
| |
|
|
|
|
|
Recorded |
|
|
|
|
|
|
Recorded |
|
|
|
|
|
|
Recorded |
|
| |
|
Allowance for |
|
|
investment in |
|
|
Allowance for |
|
|
investment in |
|
|
Allowance for |
|
|
investment in |
|
| |
|
loan losses |
|
|
loans |
|
|
loan losses |
|
|
loans |
|
|
loan losses |
|
|
loans |
|
| |
|
(Dollars in thousands) |
|
| March 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
612 |
|
|
$ |
87,992 |
|
|
$ |
117 |
|
|
$ |
1,245 |
|
|
$ |
729 |
|
|
$ |
89,237 |
|
| Multi-family |
|
|
27 |
|
|
|
3,698 |
|
|
|
— |
|
|
|
— |
|
|
$ |
27 |
|
|
$ |
3,698 |
|
| Commercial |
|
|
26 |
|
|
|
4,206 |
|
|
|
— |
|
|
|
— |
|
|
$ |
26 |
|
|
$ |
4,206 |
|
| Consumer |
|
|
3 |
|
|
|
147 |
|
|
|
— |
|
|
|
— |
|
|
$ |
3 |
|
|
$ |
147 |
|
| Total |
|
$ |
668 |
|
|
$ |
96,043 |
|
|
$ |
117 |
|
|
$ |
1,245 |
|
|
$ |
785 |
|
|
$ |
97,288 |
|
| December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
557 |
|
|
$ |
86,892 |
|
|
$ |
118 |
|
|
$ |
1,136 |
|
|
$ |
675 |
|
|
$ |
88,028 |
|
| Multi-family |
|
|
69 |
|
|
|
3,497 |
|
|
|
— |
|
|
|
— |
|
|
$ |
69 |
|
|
$ |
3,497 |
|
| Commercial |
|
|
25 |
|
|
|
4,604 |
|
|
|
— |
|
|
|
— |
|
|
$ |
25 |
|
|
$ |
4,604 |
|
| Consumer |
|
|
10 |
|
|
|
372 |
|
|
|
— |
|
|
|
— |
|
|
$ |
10 |
|
|
$ |
372 |
|
| Total |
|
$ |
661 |
|
|
$ |
95,365 |
|
|
$ |
118 |
|
|
$ |
1,136 |
|
|
$ |
779 |
|
|
$ |
96,501 |
|
|
| Financing Receivable Credit Quality Indicators [Table Text Block] |
| |
|
Pass |
|
|
Special Mention |
|
|
Substandard |
|
|
Doubtful |
|
|
Total loans |
|
| |
|
(Dollars in thousands) |
|
| March 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
88,974 |
|
|
$ |
44 |
|
|
$ |
219 |
|
|
$ |
— |
|
|
$ |
89,237 |
|
| Multi-family |
|
|
3,698 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,698 |
|
| Commercial |
|
|
4,206 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4,206 |
|
| Consumer |
|
|
147 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
147 |
|
| Total |
|
$ |
97,025 |
|
|
$ |
44 |
|
|
$ |
219 |
|
|
$ |
— |
|
|
$ |
97,288 |
|
| December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
87,881 |
|
|
$ |
45 |
|
|
$ |
102 |
|
|
$ |
— |
|
|
$ |
88,028 |
|
| Multi-family |
|
|
3,497 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,497 |
|
| Commercial |
|
|
4,604 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4,604 |
|
| Consumer |
|
|
372 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
372 |
|
| Total |
|
$ |
96,354 |
|
|
$ |
45 |
|
|
$ |
102 |
|
|
$ |
— |
|
|
$ |
96,501 |
|
|
| Financing Receivable, Past Due [Table Text Block] |
| |
|
31-89 Days Past Due and Accruing |
|
|
Greater than 90 Days Past Due and Accruing |
|
|
Non-Accrual |
|
|
Total Past Due and Non-Accrual |
|
|
Current |
|
|
Total Loan Balance |
|
| |
|
(Dollars in thousands) |
|
| March 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
177 |
|
|
|
— |
|
|
$ |
219 |
|
|
$ |
396 |
|
|
$ |
88,841 |
|
|
$ |
89,237 |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,698 |
|
|
|
3,698 |
|
| Commercial |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4,206 |
|
|
|
4,206 |
|
| Consumer |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
147 |
|
|
|
147 |
|
| Total |
|
$ |
177 |
|
|
$ |
— |
|
|
$ |
219 |
|
|
$ |
396 |
|
|
$ |
96,892 |
|
|
$ |
97,288 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
— |
|
|
$ |
41 |
|
|
$ |
102 |
|
|
$ |
143 |
|
|
$ |
87,885 |
|
|
$ |
88,028 |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,497 |
|
|
|
3,497 |
|
| Commercial |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4,604 |
|
|
|
4,604 |
|
| Consumer |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
372 |
|
|
|
372 |
|
| Total |
|
$ |
— |
|
|
$ |
41 |
|
|
$ |
102 |
|
|
$ |
143 |
|
|
$ |
96,358 |
|
|
$ |
96,501 |
|
|
| Impaired Financing Receivables [Table Text Block] |
| |
|
Recorded investment |
|
|
Unpaid principal balance |
|
|
Related allowance |
|
| |
|
(Dollars in thousands) |
|
| March 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
| With no related allowance recorded |
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
470 |
|
|
$ |
692 |
|
|
$ |
— |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Commercial |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Total |
|
$ |
470 |
|
|
$ |
692 |
|
|
$ |
— |
|
| With a related allowance recorded |
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
775 |
|
|
$ |
782 |
|
|
$ |
117 |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Commercial |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Total |
|
$ |
775 |
|
|
$ |
782 |
|
|
$ |
117 |
|
| Balance at March 31, 2022 |
|
$ |
1,245 |
|
|
$ |
1,474 |
|
|
$ |
117 |
|
| December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
| With no related allowance recorded |
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
355 |
|
|
$ |
595 |
|
|
$ |
— |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Commercial |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Total |
|
$ |
355 |
|
|
$ |
595 |
|
|
$ |
— |
|
| With a related allowance recorded |
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
781 |
|
|
$ |
797 |
|
|
$ |
118 |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Commercial |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Total |
|
$ |
781 |
|
|
$ |
797 |
|
|
$ |
118 |
|
| Balance at December 31, 2021 |
|
$ |
1,136 |
|
|
$ |
1,392 |
|
|
$ |
118 |
|
| |
|
Average recorded investment |
|
|
Interest income recognized |
|
| |
|
(Dollars in thousands) |
|
| March 31, 2022 |
|
|
|
|
|
|
|
|
| With no related allowance recorded |
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
471 |
|
|
$ |
6 |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
| Commercial |
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
— |
|
|
|
— |
|
| Total |
|
$ |
471 |
|
|
$ |
6 |
|
| With a related allowance recorded |
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
778 |
|
|
$ |
7 |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
| Commercial |
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
— |
|
|
|
— |
|
| Total |
|
$ |
778 |
|
|
$ |
7 |
|
| Balance for the three months ended March 31, 2022 |
|
$ |
1,249 |
|
|
$ |
13 |
|
| March 31, 2021 |
|
|
|
|
|
|
|
|
| With no related allowance recorded |
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
1,328 |
|
|
$ |
19 |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
| Commercial |
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
— |
|
|
|
— |
|
| Total |
|
$ |
1,328 |
|
|
$ |
19 |
|
| With a related allowance recorded |
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
985 |
|
|
$ |
12 |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
| Commercial |
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
— |
|
|
|
— |
|
| Total |
|
$ |
985 |
|
|
$ |
12 |
|
| Balance for the three months ended March 31, 2021 |
|
$ |
2,313 |
|
|
$ |
31 |
|
|