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Note 4 - Loans Held for Sale | 12 Months Ended
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Dec. 31, 2018
Notes to Financial Statements |
Loans Held for Sale [Text Block] | 4. Loans held for sale Loans held for sale are carried at the lower of cost or estimated fair value. At December 31, 2018 and 2017, the Company 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 year ended December 31, 2018
(Dollars in thousands) |  | Loans sold |  | Proceeds |  | Net (charge-offs) recoveries |  | 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 year ended December 31, 2017
(Dollars in thousands) |  | Loans sold |  | Proceeds |  | Net charge-offs |  | Net gain (loss)
Delinquent and non-performing loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Multi-family residential |  |  | 3 |  |  | $ | 872 |  |  | $ | - |  |  | $ | 38 |
Commercial real estate |  |  | 5 |  |  |  | 1,821 |  |  |  | (4 | ) |  |  | 34 |
One-to-four family - mixed-use property |  |  | 9 |  |  |  | 3,523 |  |  |  | (33 | ) |  |  | 343 |
Total |  |  | 17 |  |  | $ | 6,216 |  |  | $ | (37 | ) |  | $ | 415 |
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 |
|  | For the year ended December 31, 2016
(Dollars in thousands) |  | Loans sold |  | Proceeds |  | Net recoveries |  | Net gain
Delinquent and non-performing loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Multi-family residential |  |  | 9 |  |  | $ | 2,680 |  |  | $ | 1 |  |  | $ | 3 |
Commercial real estate |  |  | 2 |  |  |  | 192 |  |  |  | - |  |  |  | - |
One-to-four family - mixed-use property |  |  | 15 |  |  |  | 5,093 |  |  |  | 47 |  |  |  | 262 |
Total |  |  | 26 |  |  | $ | 7,965 |  |  | $ | 48 |  |  | $ | 265 |
Performing loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Small Business Administration |  |  | 6 |  |  | $ | 3,534 |  |  | $ | - |  |  | $ | 319 |
Total |  |  | 6 |  |  | $ | 3,534 |  |  | $ | - |  |  | $ | 319 |

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