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Note 16 - Concentration of Credit Risk
12 Months Ended
Dec. 31, 2015
Risks and Uncertainties [Abstract]  
Concentration Risk Disclosure [Text Block]

16. Concentration of Credit Risk


The Company’s lending is concentrated in the New York City metropolitan area. The Company evaluates each customer’s creditworthiness on a case-by-case basis under the Company’s established underwriting policies. The collateral obtained by the Company generally consists of first liens on one-to-four family residential, multi-family residential, and commercial real estate. At December 31, 2015, the largest amount the Bank could lend to one borrower was approximately $74.2 million, and at that date, the Bank’s largest aggregate amount of loans to one borrower was $65.5 million, all of which were performing according to their terms.