Annual report pursuant to Section 13 and 15(d)

Note 4 - Allowance for Loan Losses - Changes in Allowance for Loan Losses (Details)

v3.22.1
Note 4 - Allowance for Loan Losses - Changes in Allowance for Loan Losses (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Beginning balance $ 870 $ 389
Charge-offs (99) 0
Recoveries 31 17
Net recoveries (charge-offs) (68) 17
(Reversal of) Provision for loan losses (23) 464
Ending balance 779 870
Collectively evaluated allowance for loan losses 661 720
Collectively evaluated, Recorded investment in loans 95,365 96,137
Allowance for loan losses, individually evaluated 118 150
Individually evaluated, recorded investment in loans 1,136 2,522
Total, Allowance for loan losses 779 870
Loans 96,501 98,659
First Mortgage Loans [Member]    
Loans 96,129 98,274
First Mortgage Loans [Member] | One To Four Family Residential [Member]    
Beginning balance 798 362
Charge-offs 0 0
Recoveries 31 17
Net recoveries (charge-offs) 31 17
(Reversal of) Provision for loan losses (154) 419
Ending balance 675 798
Collectively evaluated allowance for loan losses 557 648
Collectively evaluated, Recorded investment in loans 86,892 84,775
Allowance for loan losses, individually evaluated 118 150
Individually evaluated, recorded investment in loans 1,136 2,423
Total, Allowance for loan losses 675 798
Loans 88,028 87,198
First Mortgage Loans [Member] | Multifamily [Member]    
Beginning balance 29 10
Charge-offs 0 0
Recoveries 0 0
Net recoveries (charge-offs) 0 0
(Reversal of) Provision for loan losses 40 19
Ending balance 69 29
Collectively evaluated allowance for loan losses 69 29
Collectively evaluated, Recorded investment in loans 3,497 5,736
Allowance for loan losses, individually evaluated 0 0
Individually evaluated, recorded investment in loans 0 0
Total, Allowance for loan losses 69 29
Loans 3,497 5,736
First Mortgage Loans [Member] | Commercial Real Estate [Member]    
Beginning balance 38 9
Charge-offs 0 0
Recoveries 0 0
Net recoveries (charge-offs) 0 0
(Reversal of) Provision for loan losses (13) 29
Ending balance 25 38
Collectively evaluated allowance for loan losses 25  
Collectively evaluated, Recorded investment in loans 4,604  
Allowance for loan losses, individually evaluated 0  
Individually evaluated, recorded investment in loans 0  
Total, Allowance for loan losses 25  
Loans 4,604 5,340
First Mortgage Loans [Member] | Commercial Portfolio Segment [Member]    
Collectively evaluated allowance for loan losses   38
Collectively evaluated, Recorded investment in loans   5,340
Allowance for loan losses, individually evaluated   0
Individually evaluated, recorded investment in loans   0
Total, Allowance for loan losses   38
Loans   5,340
Consumer Portfolio Segment [Member]    
Beginning balance 5 8
Charge-offs (99) 0
Recoveries 0 0
Net recoveries (charge-offs) (99) 0
(Reversal of) Provision for loan losses 104 (3)
Ending balance 10 5
Collectively evaluated allowance for loan losses 10 5
Collectively evaluated, Recorded investment in loans 372 286
Allowance for loan losses, individually evaluated 0 0
Individually evaluated, recorded investment in loans 0 99
Total, Allowance for loan losses 10 5
Loans $ 372 $ 385