Annual report pursuant to Section 13 and 15(d)

Note 3 - Loans (Tables)

v3.22.1
Note 3 - Loans (Tables)
12 Months Ended
Dec. 31, 2021
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
   

2021

   

2020

 
      (Dollars in thousands)  

First mortgage loans

               

1-4 family residential

  $ 88,028     $ 87,198  

Multi-family

    3,497       5,736  

Commercial

    4,604       5,340  

Total first mortgage loans

    96,129       98,274  

Consumer loans

    372       385  

Total loans

    96,501       98,659  

Net deferred loan costs

    812       666  

Allowance for loan losses

    (779 )     (870 )

Total loans, net

  $ 96,534     $ 98,455