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Note 3 - Loans and Allowance for Loan Losses (Tables) | 6 Months Ended
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Jun. 30, 2022
Notes Tables |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] |
|  | June 30, 2022 |  |  | December 31, 2021 |
|  | (Dollars in thousands) |
First mortgage loans |  |  |  |  |  |  |  |
1-4 family residential |  | $ | 87,586 |  |  | $ | 88,028 |
Multi-family |  |  | 3,399 |  |  |  | 3,497 |
Commercial |  |  | 4,128 |  |  |  | 4,604 |
Total first mortgage loans |  |  | 95,113 |  |  |  | 96,129 |
Consumer loans |  |  | 179 |  |  |  | 372 |
Total loans |  |  | 95,292 |  |  |  | 96,501 |
Net deferred loan costs |  |  | 855 |  |  |  | 812 |
Allowance for loan losses |  |  | (769 | ) |  |  | (779 | )
Total loans, net |  | $ | 95,378 |  |  | $ | 96,534 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] |
|  | June 30, 2022 |
|  | 1-4 family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | residential |  |  | Multi-family |  |  | Commercial |  |  | Consumer |  |  | Total |
|  | (Dollars in thousands) |
Three months ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 729 |  |  | $ | 27 |  |  | $ | 26 |  |  | $ | 3 |  |  | $ | 785 |
Charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Recoveries |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net recoveries (charge-offs) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
(Release of) Provision for loan losses |  |  | (16 | ) |  |  | (1 | ) |  |  | — |  |  |  | 1 |  |  |  | (16 | )
Ending balance |  | $ | 713 |  |  | $ | 26 |  |  | $ | 26 |  |  | $ | 4 |  |  | $ | 769 |
|  | June 30, 2022 |
|  | 1-4 family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | residential |  |  | Multi-family |  |  | Commercial |  |  | Consumer |  |  | Total |
|  | (Dollars in thousands) |
Six months ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 675 |  |  | $ | 69 |  |  | $ | 25 |  |  | $ | 10 |  |  | $ | 779 |
Charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Recoveries |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6 |
Net recoveries (charge-offs) |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6 |
(Release of) Provision for loan losses |  |  | 32 |  |  |  | (43 | ) |  |  | 1 |  |  |  | (6 | ) |  |  | (16 | )
Ending balance |  | $ | 713 |  |  | $ | 26 |  |  | $ | 26 |  |  | $ | 4 |  |  | $ | 769 |
|  | June 30, 2021 |
|  | 1-4 family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | residential |  |  | Multi-family |  |  | Commercial |  |  | Consumer |  |  | Total |
|  | (Dollars in thousands) |
Three months ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 710 |  |  | $ | 26 |  |  | $ | 30 |  |  | $ | 106 |  |  | $ | 872 |
Charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (99 | ) |  |  | (99 | )
Recoveries |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2 |
Net recoveries (charge-offs) |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | (99 | ) |  |  | (97 | )
(Release of) Provision for loan losses |  |  | (5 | ) |  |  | 22 |  |  |  | (3 | ) |  |  | 3 |  |  |  | 17 |
Ending balance |  | $ | 707 |  |  | $ | 48 |  |  | $ | 27 |  |  | $ | 10 |  |  | $ | 792 |
|  | June 30, 2021 |
|  | 1-4 family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | residential |  |  | Multi-family |  |  | Commercial |  |  | Consumer |  |  | Total |
|  | (Dollars in thousands) |
Six months ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 798 |  |  | $ | 29 |  |  | $ | 38 |  |  | $ | 5 |  |  | $ | 870 |
Charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (99 | ) |  |  | (99 | )
Recoveries |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4 |
Net recoveries (charge-offs) |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | (99 | ) |  |  | (95 | )
(Release of) Provision for loan losses |  |  | (95 | ) |  |  | 19 |  |  |  | (11 | ) |  |  | 104 |  |  |  | 17 |
Ending balance |  | $ | 707 |  |  | $ | 48 |  |  | $ | 27 |  |  | $ | 10 |  |  | $ | 792 |
|  | Collectively evaluated |  |  | Individually evaluated |  |  | Total |
|  |  |  |  |  | Recorded |  |  |  |  |  |  | Recorded |  |  |  |  |  |  | Recorded |
|  | Allowance for |  |  | investment in |  |  | Allowance for |  |  | investment in |  |  | Allowance for |  |  | investment in |
|  | loan losses |  |  | loans |  |  | loan losses |  |  | loans |  |  | loan losses |  |  | loans |
|  | (Dollars in thousands) |
June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 family residential |  | $ | 609 |  |  | $ | 86,591 |  |  | $ | 104 |  |  | $ | 995 |  |  | $ | 713 |  |  | $ | 87,586 |
Multi-family |  |  | 26 |  |  |  | 3,399 |  |  |  | — |  |  |  | — |  |  |  | 26 |  |  | $ | 3,399 |
Commercial |  |  | 26 |  |  |  | 4,128 |  |  |  | — |  |  |  | — |  |  |  | 26 |  |  | $ | 4,128 |
Consumer |  |  | 4 |  |  |  | 179 |  |  |  | — |  |  |  | — |  |  |  | 4 |  |  | $ | 179 |
Total |  | $ | 665 |  |  | $ | 94,297 |  |  | $ | 104 |  |  | $ | 995 |  |  | $ | 769 |  |  | $ | 95,292 |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 family residential |  | $ | 557 |  |  | $ | 86,892 |  |  | $ | 118 |  |  | $ | 1,136 |  |  | $ | 675 |  |  | $ | 88,028 |
Multi-family |  |  | 69 |  |  |  | 3,497 |  |  |  | — |  |  |  | — |  |  |  | 69 |  |  | $ | 3,497 |
Commercial |  |  | 25 |  |  |  | 4,604 |  |  |  | — |  |  |  | — |  |  |  | 25 |  |  | $ | 4,604 |
Consumer |  |  | 10 |  |  |  | 372 |  |  |  | — |  |  |  | — |  |  |  | 10 |  |  | $ | 372 |
Total |  | $ | 661 |  |  | $ | 95,365 |  |  | $ | 118 |  |  | $ | 1,136 |  |  | $ | 779 |  |  | $ | 96,501 |
Financing Receivable Credit Quality Indicators [Table Text Block] |
|  | Pass |  |  | Special Mention |  |  | Substandard |  |  | Doubtful |  |  | Total loans |
|  | (Dollars in thousands) |
June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 family residential |  | $ | 87,467 |  |  | $ | 44 |  |  | $ | 75 |  |  | $ | — |  |  | $ | 87,586 |
Multi-family |  |  | 3,399 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,399 |
Commercial |  |  | 4,128 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,128 |
Consumer |  |  | 179 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 179 |
Total |  | $ | 95,173 |  |  | $ | 44 |  |  | $ | 75 |  |  | $ | — |  |  | $ | 95,292 |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 family residential |  | $ | 87,881 |  |  | $ | 45 |  |  | $ | 102 |  |  | $ | — |  |  | $ | 88,028 |
Multi-family |  |  | 3,497 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,497 |
Commercial |  |  | 4,604 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,604 |
Consumer |  |  | 372 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 372 |
Total |  | $ | 96,354 |  |  | $ | 45 |  |  | $ | 102 |  |  | $ | — |  |  | $ | 96,501 |
Financing Receivable, Past Due [Table Text Block] |
|  | 31-89 Days Past Due and Accruing |  |  | Greater than 90 Days Past Due and Accruing |  |  | Non-Accrual |  |  | Total Past Due and Non-Accrual |  |  | Current |  |  | Total Loan Balance |
|  | (Dollars in thousands) |
June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 family residential |  | $ | 13 |  |  | $ | 123 |  |  | $ | 40 |  |  | $ | 176 |  |  | $ | 87,410 |  |  | $ | 87,586 |
Multi-family |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,399 |  |  |  | 3,399 |
Commercial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,128 |  |  |  | 4,128 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 179 |  |  |  | 179 |
Total |  | $ | 13 |  |  | $ | 123 |  |  | $ | 40 |  |  | $ | 176 |  |  | $ | 95,116 |  |  | $ | 95,292 |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
1-4 family residential |  | $ | — |  |  | $ | 41 |  |  | $ | 102 |  |  | $ | 143 |  |  | $ | 87,885 |  |  | $ | 88,028 |
Multi-family |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,497 |  |  |  | 3,497 |
Commercial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,604 |  |  |  | 4,604 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 372 |  |  |  | 372 |
Total |  | $ | — |  |  | $ | 41 |  |  | $ | 102 |  |  | $ | 143 |  |  | $ | 96,358 |  |  | $ | 96,501 |
Impaired Financing Receivables [Table Text Block] |
|  | Recorded investment |  |  | Unpaid principal balance |  |  | Related allowance |
|  | (Dollars in thousands) |
June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |
With no related allowance recorded |  |  |  |  |  |  |  |  |  |  |  |
1-4 family residential |  | $ | 322 |  |  | $ | 525 |  |  | $ | — |
Multi-family |  |  | — |  |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 322 |  |  | $ | 525 |  |  | $ | — |
With a related allowance recorded |  |  |  |  |  |  |  |  |  |  |  |
1-4 family residential |  | $ | 673 |  |  | $ | 680 |  |  | $ | 104 |
Multi-family |  |  | — |  |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 673 |  |  | $ | 680 |  |  | $ | 104 |
Balance at June 30, 2022 |  | $ | 995 |  |  | $ | 1,205 |  |  | $ | 104 |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
With no related allowance recorded |  |  |  |  |  |  |  |  |  |  |  |
1-4 family residential |  | $ | 355 |  |  | $ | 595 |  |  | $ | — |
Multi-family |  |  | — |  |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 355 |  |  | $ | 595 |  |  | $ | — |
With a related allowance recorded |  |  |  |  |  |  |  |  |  |  |  |
1-4 family residential |  | $ | 781 |  |  | $ | 797 |  |  | $ | 118 |
Multi-family |  |  | — |  |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 781 |  |  | $ | 797 |  |  | $ | 118 |
Balance at December 31, 2021 |  | $ | 1,136 |  |  | $ | 1,392 |  |  | $ | 118 |
|  | Average recorded investment |  |  | Interest income recognized |
|  | (Dollars in thousands) |
June 30, 2022 |  |  |  |  |  |  |  |
With no related allowance recorded |  |  |  |  |  |  |  |
1-4 family residential |  | $ | 324 |  |  | $ | 7 |
Multi-family |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |
Total |  | $ | 324 |  |  | $ | 7 |
With a related allowance recorded |  |  |  |  |  |  |  |
1-4 family residential |  | $ | 677 |  |  | $ | 8 |
Multi-family |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |
Total |  | $ | 677 |  |  | $ | 8 |
Balance for the Three Months Ended June 30, 2022 |  | $ | 1,001 |  |  | $ | 15 |
June 30, 2021 |  |  |  |  |  |  |  |
With no related allowance recorded |  |  |  |  |  |  |  |
1-4 family residential |  | $ | 1,339 |  |  | $ | 18 |
Multi-family |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |
Total |  | $ | 1,339 |  |  | $ | 18 |
With a related allowance recorded |  |  |  |  |  |  |  |
1-4 family residential |  | $ | 984 |  |  | $ | 10 |
Multi-family |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |
Total |  | $ | 984 |  |  | $ | 10 |
Balance for the Three Months Ended June 30, 2021 |  | $ | 2,323 |  |  | $ | 28 |
|  | Average recorded investment |  |  | Interest income recognized |
|  | (Dollars in thousands) |
June 30, 2022 |  |  |  |  |  |  |  |
With no related allowance recorded |  |  |  |  |  |  |  |
1-4 family residential |  | $ | 326 |  |  | $ | 13 |
Multi-family |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |
Total |  | $ | 326 |  |  | $ | 13 |
With a related allowance recorded |  |  |  |  |  |  |  |
1-4 family residential |  | $ | 680 |  |  | $ | 15 |
Multi-family |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |
Total |  | $ | 680 |  |  | $ | 15 |
Balance for the six months ended June 30, 2022 |  | $ | 1,006 |  |  | $ | 28 |
June 30, 2021 |  |  |  |  |  |  |  |
With no related allowance recorded |  |  |  |  |  |  |  |
1-4 family residential |  | $ | 1,424 |  |  | $ | 37 |
Multi-family |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |
Total |  | $ | 1,424 |  |  | $ | 37 |
With a related allowance recorded |  |  |  |  |  |  |  |
1-4 family residential |  | $ | 990 |  |  | $ | 22 |
Multi-family |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |
Consumer |  |  | — |  |  |  | — |
Total |  | $ | 990 |  |  | $ | 22 |
Balance for the six months ended June 30, 2021 |  | $ | 2,414 |  |  | $ | 59 |

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524 + Details
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- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 14 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919253-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953401-111524 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 55 -Paragraph 80 -URI https://asc.fasb.org/extlink&oid=124267575&loc=SL82922355-210448 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=123577603&loc=d3e5111-111524 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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