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Note 22 - Recent Developments | 9 Months Ended
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Sep. 30, 2020
Notes to Financial Statements |
Recent Developments Disclosure [Text Block] | NOTE 2 2 - RECENT DEVELOPMENTS On October 1, 2020 the Bank closed the real estate transaction to purchase a 3-story building located at 2057 56th Street, Brooklyn, NY 11214 for $3.5 million. The first floor is a commercial space. The Bank plans to convert this space into a branch after the Bank reaches an agreement with the existing tenant to early terminate the lease. The first floor lease is presently scheduled to expire on June 1, 2022. The second and third floors are residential apartments with one lease on a month to month basis and the other expiring on May 31, 2021. On October 23, 2020, RBB announced a cash dividend of $0.09 per share for the third quarter of 2020. The dividend is payable on November 16, 2020 to common shareholders of record as of November 2, 2020.

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