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Note 6 - Loans Held for Sale
 9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Loans Held for Sale [Text Block]
6.
Loans held for sale
 
Loans held for sale are carried at the lower of cost or estimated fair value. At
September 30, 2018
and
December 31, 2017,
the Bank did
not
have any 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 closes 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. Additionally, at times the Company
may
sell participating interests in performing loans.
 
 
 
The following tables show loans sold during the period indicated:
 
    For the three months ended September 30, 2018
(Dollars in thousands)
   Loans sold   Proceeds   Net Recoveries
(Charge-offs)		   Net gain
Delinquent and non-performing loans                                
Multi-family residential    
1
     $
595
     $
-
     $
-
  
Commercial real estate    
1
      
2,500
      
-
      
-
  
One-to-four family - mixed-use property    
2
      
725
      
(4
 )    
-
  
One-to-four family - residential    
2
      
390
      
72
      
10
  
                                 
Total    
6
     $
4,210
     $
68
     $
10
  
 
 
    For the three months ended September 30, 2017
(Dollars in thousands)
   Loans sold   Proceeds   Net gain (loss)
Delinquent and non-performing loans                        
Multi-family residential    
2
     $
707
     $
30
  
Commercial real estate    
3
      
1,118
      
34
  
One-to-four family - mixed-use property    
3
      
913
      
115
  
Total    
8
     $
2,738
     $
179
  
                         
Performing loans                        
Multi-family residential    
10
     $
12,704
     $
(22
 )
Commercial real estate    
2
      
17,832
      
(7
 )
Small Business Administration    
1
      
142
      
2
  
Total    
13
     $
30,678
     $
(27
 )
 
    For the nine months ended September 30, 2018
(Dollars in thousands)
   Loans sold   Proceeds   Net Recoveries
(Charge-offs)		   Net gain (loss)
Delinquent and non-performing loans                                
Multi-family residential    
4
     $
1,559
     $
-
     $
-
  
Commercial real estate    
4
      
6,065
      
-
      
(235
 )
One-to-four family - mixed-use property    
2
      
725
      
(4
 )    
-
  
One-to-four family - residential    
2
      
390
      
72
      
10
  
                                 
Total    
12
     $
8,739
     $
68
     $
(225
 )
                                 
Performing loans                                
Small Business Administration    
9
     $
5,671
     $
-
     $
393
  
                                 
Total    
9
     $
5,671
     $
-
     $
393
  
 
 
    For the nine months ended September 30, 2017
(Dollars in thousands)
   Loans sold   Proceeds   Net charge-offs   Net gain (loss)
Delinquent and non-performing loans                                
Multi-family residential    
2
     $
707
     $
-
     $
30
  
Commercial real estate    
4
      
1,453
      
(4
 )    
35
  
One-to-four family - mixed-use property    
8
      
2,703
      
(33
 )    
143
  
Total    
14
     $
4,863
     $
(37
 )   $
208
  
                                 
Performing loans                                
Multi-family residential    
12
     $
18,784
     $
-
     $
(36
 )
Commercial real estate    
7
      
26,283
      
-
      
(28
 )
Small Business Administration    
8
      
5,061
      
-
      
252
  
Total    
27
     $
50,128
     $
-
     $
188