Note 3 - Loans and Allowance for Loan Losses (Tables)
|
9 Months Ended |
Sep. 30, 2022 |
|---|
| Notes Tables |
|
| Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] |
| |
|
September 30, 2022 |
|
|
December 31, 2021 |
|
| |
|
(Dollars in thousands) |
|
| First mortgage loans |
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
89,765 |
|
|
$ |
88,028 |
|
| Multi-family |
|
|
3,597 |
|
|
|
3,497 |
|
| Commercial |
|
|
3,985 |
|
|
|
4,604 |
|
| Total first mortgage loans |
|
|
97,347 |
|
|
|
96,129 |
|
| Consumer loans |
|
|
211 |
|
|
|
372 |
|
| Total loans |
|
|
97,558 |
|
|
|
96,501 |
|
| Net deferred loan costs |
|
|
873 |
|
|
|
812 |
|
| Allowance for loan losses |
|
|
(685 |
) |
|
|
(779 |
) |
| Total loans, net |
|
$ |
97,746 |
|
|
$ |
96,534 |
|
|
| Financing Receivable, Allowance for Credit Loss [Table Text Block] |
| |
|
September 30, 2022 |
|
| |
|
1-4 family |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
residential |
|
|
Multi-family |
|
|
Commercial |
|
|
Consumer |
|
|
Total |
|
| |
|
(Dollars in thousands) |
|
| Three months ended |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning balance |
|
$ |
713 |
|
|
$ |
26 |
|
|
$ |
26 |
|
|
$ |
4 |
|
|
$ |
769 |
|
| Charge-offs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Recoveries |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Net recoveries (charge-offs) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| (Release of) Provision for loan losses |
|
|
(79 |
) |
|
|
(2 |
) |
|
|
(4 |
) |
|
|
1 |
|
|
|
(84 |
) |
| Ending balance |
|
$ |
634 |
|
|
$ |
24 |
|
|
$ |
22 |
|
|
$ |
5 |
|
|
$ |
685 |
|
| |
|
September 30, 2022 |
|
| |
|
1-4 family |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
residential |
|
|
Multi-family |
|
|
Commercial |
|
|
Consumer |
|
|
Total |
|
| |
|
(Dollars in thousands) |
|
| Nine 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 |
|
|
(47 |
) |
|
|
(45 |
) |
|
|
(3 |
) |
|
|
(5 |
) |
|
|
(100 |
) |
| Ending balance |
|
$ |
634 |
|
|
$ |
24 |
|
|
$ |
22 |
|
|
$ |
5 |
|
|
$ |
685 |
|
| |
|
September 30, 2021 |
|
| |
|
1-4 family |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
residential |
|
|
Multi-family |
|
|
Commercial |
|
|
Consumer |
|
|
Total |
|
| |
|
(Dollars in thousands) |
|
| Three months ended |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning balance |
|
$ |
707 |
|
|
$ |
48 |
|
|
$ |
27 |
|
|
$ |
10 |
|
|
$ |
792 |
|
| Charge-offs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Recoveries |
|
|
3 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3 |
|
| Net recoveries (charge-offs) |
|
|
3 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3 |
|
| (Release of) Provision for loan losses |
|
|
1 |
|
|
|
(13 |
) |
|
|
— |
|
|
|
— |
|
|
|
(12 |
) |
| Ending balance |
|
$ |
711 |
|
|
$ |
35 |
|
|
$ |
27 |
|
|
$ |
10 |
|
|
$ |
783 |
|
| |
|
September 30, 2021 |
|
| |
|
1-4 family |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
residential |
|
|
Multi-family |
|
|
Commercial |
|
|
Consumer |
|
|
Total |
|
| |
|
(Dollars in thousands) |
|
| Nine months ended |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning balance |
|
$ |
798 |
|
|
$ |
29 |
|
|
$ |
38 |
|
|
$ |
5 |
|
|
$ |
870 |
|
| Charge-offs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(99 |
) |
|
|
(99 |
) |
| Recoveries |
|
|
7 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
7 |
|
| Net recoveries (charge-offs) |
|
|
7 |
|
|
|
— |
|
|
|
— |
|
|
|
(99 |
) |
|
|
(92 |
) |
| (Release of) Provision for loan losses |
|
|
(94 |
) |
|
|
6 |
|
|
|
(11 |
) |
|
|
104 |
|
|
|
5 |
|
| Ending balance |
|
$ |
711 |
|
|
$ |
35 |
|
|
$ |
27 |
|
|
$ |
10 |
|
|
$ |
783 |
|
| |
|
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) |
|
| September 30, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
548 |
|
|
$ |
88,781 |
|
|
$ |
86 |
|
|
$ |
984 |
|
|
$ |
634 |
|
|
$ |
89,765 |
|
| Multi-family |
|
|
24 |
|
|
|
3,597 |
|
|
|
— |
|
|
|
— |
|
|
|
24 |
|
|
|
3,597 |
|
| Commercial |
|
|
22 |
|
|
|
3,985 |
|
|
|
— |
|
|
|
— |
|
|
|
22 |
|
|
|
3,985 |
|
| Consumer |
|
|
5 |
|
|
|
211 |
|
|
|
— |
|
|
|
— |
|
|
|
5 |
|
|
|
211 |
|
| Total |
|
$ |
599 |
|
|
$ |
96,574 |
|
|
$ |
86 |
|
|
$ |
984 |
|
|
$ |
685 |
|
|
$ |
97,558 |
|
| 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) |
|
| September 30, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
89,527 |
|
|
$ |
44 |
|
|
$ |
194 |
|
|
$ |
— |
|
|
$ |
89,765 |
|
| Multi-family |
|
|
3,597 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,597 |
|
| Commercial |
|
|
3,985 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,985 |
|
| Consumer |
|
|
211 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
211 |
|
| Total |
|
$ |
97,320 |
|
|
$ |
44 |
|
|
$ |
194 |
|
|
$ |
— |
|
|
$ |
97,558 |
|
| 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) |
|
| September 30, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
159 |
|
|
$ |
159 |
|
|
$ |
89,606 |
|
|
$ |
89,765 |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,597 |
|
|
|
3,597 |
|
| Commercial |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,985 |
|
|
|
3,985 |
|
| Consumer |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
211 |
|
|
|
211 |
|
| Total |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
159 |
|
|
$ |
159 |
|
|
$ |
97,399 |
|
|
$ |
97,558 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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) |
|
| September 30, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
| With no related allowance recorded |
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
437 |
|
|
$ |
640 |
|
|
$ |
— |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Commercial |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Total |
|
$ |
437 |
|
|
$ |
640 |
|
|
$ |
— |
|
| With a related allowance recorded |
|
|
|
|
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
547 |
|
|
$ |
553 |
|
|
$ |
86 |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Commercial |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Total |
|
$ |
547 |
|
|
$ |
553 |
|
|
$ |
86 |
|
| Balance at September 30, 2022 |
|
$ |
984 |
|
|
$ |
1,193 |
|
|
$ |
86 |
|
| 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) |
|
| September 30, 2022 |
|
|
|
|
|
|
|
|
| With no related allowance recorded |
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
421 |
|
|
$ |
6 |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
| Commercial |
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
— |
|
|
|
— |
|
| Total |
|
$ |
421 |
|
|
$ |
6 |
|
| With a related allowance recorded |
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
552 |
|
|
$ |
5 |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
| Commercial |
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
— |
|
|
|
— |
|
| Total |
|
$ |
552 |
|
|
$ |
5 |
|
| Balance for the Three Months Ended September 30, 2022 |
|
$ |
973 |
|
|
$ |
11 |
|
| September 30, 2021 |
|
|
|
|
|
|
|
|
| With no related allowance recorded |
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
1,141 |
|
|
$ |
15 |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
| Commercial |
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
— |
|
|
|
— |
|
| Total |
|
$ |
1,141 |
|
|
$ |
15 |
|
| With a related allowance recorded |
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
850 |
|
|
$ |
10 |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
| Commercial |
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
— |
|
|
|
— |
|
| Total |
|
$ |
850 |
|
|
$ |
10 |
|
| Balance for the Three Months Ended September 30, 2021 |
|
$ |
1,991 |
|
|
$ |
25 |
|
| |
|
Average recorded investment |
|
|
Interest income recognized |
|
| |
|
(Dollars in thousands) |
|
| September 30, 2022 |
|
|
|
|
|
|
|
|
| With no related allowance recorded |
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
324 |
|
|
$ |
21 |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
| Commercial |
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
— |
|
|
|
— |
|
| Total |
|
$ |
324 |
|
|
$ |
21 |
|
| With a related allowance recorded |
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
554 |
|
|
$ |
19 |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
| Commercial |
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
— |
|
|
|
— |
|
| Total |
|
$ |
554 |
|
|
$ |
19 |
|
| Balance for the nine months ended September 30, 2022 |
|
$ |
878 |
|
|
$ |
40 |
|
| September 30, 2021 |
|
|
|
|
|
|
|
|
| With no related allowance recorded |
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
1,155 |
|
|
$ |
52 |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
| Commercial |
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
— |
|
|
|
— |
|
| Total |
|
$ |
1,155 |
|
|
$ |
52 |
|
| With a related allowance recorded |
|
|
|
|
|
|
|
|
| 1-4 family residential |
|
$ |
860 |
|
|
$ |
29 |
|
| Multi-family |
|
|
— |
|
|
|
— |
|
| Commercial |
|
|
— |
|
|
|
— |
|
| Consumer |
|
|
— |
|
|
|
— |
|
| Total |
|
$ |
860 |
|
|
$ |
29 |
|
| Balance for the nine months ended September 30, 2021 |
|
$ |
2,015 |
|
|
$ |
81 |
|
|