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Note 3 - Loans and Allowance for Loan Losses (Tables)

6 Months Ended

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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Tabular disclosure of allowance for credit loss on financing receivable.

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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.

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