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

3 Months Ended

Mar. 31, 2024

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

		March 31, 2024				December 31, 2023
		(Dollars in thousands)
First mortgage loans
1-4 family residential		$	115,700			$	111,081
Multi-family			3,081				3,111
Commercial			3,828				3,835
Construction			3,245				2,508
Total first mortgage loans			125,854				120,535
Consumer loans			226				248
Total loans			126,080				120,783
Net deferred loan costs			934				1,016
Allowance for credit losses on loans			(1,177	)			(1,176	)
Total loans, net		$	125,837			$	120,623

Financing Receivable, Allowance for Credit Loss [Table Text Block]

		March 31, 2024
		1-4 family
		residential				Multi-family				Commercial				Construction				Consumer				Total
		(Dollars in thousands)
Three months ended
Beginning balance		$	1,094			$	40			$	37			$	4			$	1			$	1,176
Charge-offs			—				—				—				—				—				—
Recoveries			—				—				—				—				—				—
Net recoveries (charge-offs)			—				—				—				—				—				—
(Release of) provision for credit losses			(3	)			(4	)			—				7				1				1
Ending balance		$	1,091			$	36			$	37			$	11			$	2			$	1,177

		March 31, 2023
		1-4 family
		residential				Multi-family				Commercial				Construction				Consumer				Total
		(Dollars in thousands)
Three months ended
Beginning balance		$	581			$	19			$	19			$	—			$	5			$	624
Cumulative effect of change in accounting principle			335				23				29				—				(3	)			384
Charge-offs			—				—				—				—				—				—
Recoveries			—				—				—				—				—				—
Net recoveries (charge-offs)			—				—				—				—				—				—
Release of provision for credit losses			(26	)			(1	)			(2	)			—				—				(29	)
Ending balance		$	890			$	41			$	46			$	—			$	2			$	979

Financing Receivable Credit Quality Indicators [Table Text Block]

		As of March 31, 2024
		Term loans amortized cost basis by origination year
		2024				2023				2022				2021				Prior				Revolving loans amortized cost basis				Revolving loans converted to term loans amortized cost basis				Total
		(Dollars in thousands)
1-4 family residential
Pass		$	7,303			$	21,211			$	18,844			$	19,421			$	46,387			$	2,297			$	—				115,463
Special Mention			—				—				—				—				—				—				—				—
Substandard			—				—				—				—				237				—				—				237
Total 1-4 family residential			7,303				21,211				18,844				19,421				46,624				2,297				—				115,700
Current year-to-date gross write-offs			—				—				—				—				—				—				—				—
Multi-family
Pass			—				—				—				236				2,845				—				—				3,081
Special Mention			—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—
Total multi-family			—				—				—				236				2,845				—				—				3,081
Current year-to-date gross write-offs			—				—				—				—				—				—				—				—
Commercial
Pass			10				184				—				99				3,327				208				—				3,828
Special Mention			—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—
Total commercial			10				184				—				99				3,327				208				—				3,828
Current year-to-date gross write-offs			—				—				—				—				—				—				—				—
Construction
Pass			244				3,001				—				—				—				—				—				3,245
Special Mention			—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—
Total construction			244				3,001				—				—				—				—				—				3,245
Current year-to-date gross write-offs			—				—				—				—				—				—				—				—
Consumer
Pass			11				100				87				25				3				—				—				226
Special Mention			—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—
Total consumer			11				100				87				25				3				—				—				226
Current year-to-date gross write-offs			—				—				—				—				—				—				—				—
Total		$	7,568			$	24,496			$	18,931			$	19,781			$	52,799			$	2,505			$	—			$	126,080

		As of December 31, 2023
		Term loans amortized cost basis by origination year
		2023				2022				2021				Prior				Revolving loans amortized cost basis				Revolving loans converted to term loans amortized cost basis				Total
		(Dollars in thousands)
1-4 family residential
Pass		$	23,395			$	18,950			$	19,605			$	47,517			$	1,414			$	—			$	110,881
Special Mention			—				—				—				—				—				—				—
Substandard			—				—				—				200				—				—				200
Total 1-4 family residential			23,395				18,950				19,605				47,717				1,414				—				111,081
Current year-to-date gross write-offs			—				—				—				—				—				—				—
Multi-family
Pass			—				—				239				2,872				—				—				3,111
Special Mention			—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—
Total multi-family			—				—				239				2,872				—				—				3,111
Current year-to-date gross write-offs			—				—				—				—				—				—				—
Commercial
Pass			186				—				100				3,399				150				—				3,835
Special Mention			—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—
Total commercial			186				—				100				3,399				150				—				3,835
Current year-to-date gross write-offs			—				—				—				—				—				—				—
Construction
Pass			2,508				—				—				—				—				—				2,508
Special Mention			—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—
Total construction			2,508				—				—				—				—				—				2,508
Current year-to-date gross write-offs			—				—				—				—				—				—				—
Consumer
Pass			122				95				28				3				—				—				248
Special Mention			—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—
Total consumer			122				95				28				3				—				—				248
Current year-to-date gross write-offs			—				—				—				—				—				—				—
Total		$	26,211			$	19,045			$	19,972			$	53,991			$	1,564			$	—			$	120,783

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)
March 31, 2024
1-4 family residential		$	—			$	—			$	237			$	237			$	115,463			$	115,700
Multi-family			—				—				—				—				3,081				3,081
Commercial			—				—				—				—				3,828				3,828
Construction			—				—				—				—				3,245				3,245
Consumer			—				—				—				—				226				226
Total		$	—			$	—			$	237			$	237			$	125,843			$	126,080
December 31, 2023
1-4 family residential		$	131			$	—			$	200			$	331			$	110,750			$	111,081
Multi-family			—				—				—			$	—				3,111			$	3,111
Commercial			—				—				—			$	—				3,835			$	3,835
Construction			—				—				—			$	—				2,508			$	2,508
Consumer			—				—				—			$	—				248			$	248
Total		$	131			$	—			$	200			$	331			$	120,452			$	120,783

Financing Receivable, Nonaccrual [Table Text Block]

		March 31, 2024								December 31, 2023
		Nonaccrual with no Allowance for Credit Losses				Nonaccrual				Nonaccrual with no Allowance for Credit Losses				Nonaccrual
		(Dollars in thousands)
First mortgage loans
1-4 family residential		$	237			$	237			$	200			$	200
Multi-family			—				—				—				—
Commercial			—				—				—				—
Construction			—				—				—				—
Consumer loans			—				—				—				—
Total loans		$	237			$	237			$	200			$	200

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