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Note 4 - Loans Held for Sale | 12 Months Ended
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Dec. 31, 2014
Loans Held For Sale [Abstract] |
Loans Held For Sale [Text Block] | 4. Loans held for sale The Company has implemented a strategy of selling certain delinquent and non-performing loans. Once the Company has decided to sell a loan, the sale usually will close in a short period of time, generally within the same quarter. Loans designated held for sale are reclassified from loans held for investment to loans held for sale. Terms of sale include cash due upon the closing of the sale, no contingencies or recourse to the Company and servicing is released to the buyer. The following table shows delinquent and non-performing loans sold during the period indicated:
|  | For the year ended December 31, 2014 |
(Dollars in thousands) |  | Loans sold |  |  | Proceeds |  |  | Net (charge-offs) recoveries |  |  | Net gain |
Multi-family residential |  |  | 12 |  |  | $ | 5,759 |  |  | $ | (80 | ) |  | $ | 9 |
Commercial real estate |  |  | 6 |  |  |  | 4,635 |  |  |  | 295 |  |  |  | 8 |
One-to-four family - mixed-use property |  |  | 14 |  |  |  | 5,399 |  |  |  | 122 |  |  |  | 50 |
Commercial business and other |  |  | 2 |  |  |  | 64 |  |  |  | 20 |  |  |  | - |
Total |  |  | 34 |  |  | $ | 15,857 |  |  | $ | 357 |  |  | $ | 67 |
The following table shows delinquent and non-performing loans sold during the period indicated:
|  | For the year ended December 31, 2013 |
(Dollars in thousands) |  | Loans sold |  |  | Proceeds |  |  | Net charge-offs |  |  | Net gain (loss) |
Multi-family residential |  |  | 21 |  |  | $ | 11,420 |  |  | $ | (1,024 | ) |  | $ | 99 |
Commercial real estate |  |  | 9 |  |  |  | 5,488 |  |  |  | (703 | ) |  |  | 6 |
One-to-four family - mixed-use property |  |  | 39 |  |  |  | 11,427 |  |  |  | (2,791 | ) |  |  | (52 | )
Construction |  |  | 2 |  |  |  | 5,066 |  |  |  | (164 | ) |  |  | - |
Commercial business and other |  |  | 1 |  |  |  | - |  |  |  | (21 | ) |  |  | - |
Total |  |  | 72 |  |  | $ | 33,401 |  |  | $ | (4,703 | ) |  | $ | 53 |
The above table does not include one performing commercial real estate loan for $2.4 million which was sold for a net gain of $0.2 million during the year ended December 31, 2013. The following table shows delinquent and non-performing loans sold during the period indicated:
|  | For the year ended December 31, 2012 |
(Dollars in thousands) |  | Loans sold |  |  | Proceeds |  |  | Net charge-offs |  |  | Net gain (loss) |
Multi-family residential |  |  | 34 |  |  | $ | 21,429 |  |  | $ | (2,974 | ) |  | $ | (46 | )
Commercial real estate |  |  | 11 |  |  |  | 5,869 |  |  |  | (572 | ) |  |  | - |
One-to-four family - mixed-use property |  |  | 25 |  |  |  | 8,270 |  |  |  | (1,927 | ) |  |  | - |
Construction |  |  | 3 |  |  |  | 2,540 |  |  |  | (57 | ) |  |  | - |
Commercial business and other |  |  | 4 |  |  |  | 6,115 |  |  |  | (136 | ) |  |  | 8 |
Total |  |  | 77 |  |  | $ | 44,223 |  |  | $ | (5,666 | ) |  | $ | (38 | )
The above table does not include $0.7 million of performing Small Business Administration loans that were sold for a net gain of $60,000 during the year ended December 31, 2012.

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