Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4: Categories of loans at March 31, 2018 December 31, 2017 March 31, December 31, 2018 2017 Real estate - residential mortgage: One to four family units $ 105,840,035 $ 106,300,790 Multi-family 81,982,799 85,225,074 Real estate - construction 81,228,819 64,743,582 Real estate - commercial 254,715,822 261,866,285 Commercial loans 97,830,737 94,522,840 Consumer and other loans 24,107,835 24,716,447 Total loans 645,706,047 637,375,018 Less: Allowance for loan losses (7,102,712 ) (7,107,418 ) Deferred loan fees/costs, net (645,549 ) (662,591 ) Net loans $ 637,957,786 $ 629,605,009 Classes of loans by aging at March 31, 2018 December 31, 2017 As of March 31, 2018 30-59 Days 60-89 Days 90 Days and more Past Due Total Past Current Total Loans Total Loans > (In Thousands) Real estate - residential mortgage: One to four family units $ 374 $ 63 $ 2,090 $ 2,527 $ 103,313 $ 105,840 $ - Multi-family - - - - 81,983 81,983 - Real estate - construction - - - - 81,229 81,229 - Real estate - commercial 90 - - 90 254,626 254,716 - Commercial loans 306 - 75 381 97,449 97,830 - Consumer and other loans 102 - - 102 24,006 24,108 - Total $ 872 $ 63 $ 2,165 $ 3,100 $ 642,606 $ 645,706 $ - As of December 31, 2017 30-59 Days 60-89 Days 90 Days and more Past Due Total Past Current Total Loans Total Loans > (In Thousands) Real estate - residential mortgage: One to four family units $ 510 $ 731 $ 2,495 $ 3,736 $ 102,565 $ 106,301 $ - Multi-family 775 - - 775 84,450 85,225 - Real estate - construction - - - - 64,744 64,744 - Real estate - commercial 243 135 - 378 261,488 261,866 - Commercial loans 276 - 588 864 93,659 94,523 - Consumer and other loans 8 8 - 16 24,700 24,716 - Total $ 1,812 $ 874 $ 3,083 $ 5,769 $ 631,606 $ 637,375 $ - Nonaccruing loans are summarized as follows: March 31, December 31, 2018 2017 Real estate - residential mortgage: One to four family units $ 4,258,645 $ 4,423,074 Multi-family - - Real estate - construction 4,354,409 4,452,409 Real estate - commercial 161,491 161,491 Commercial loans 655,581 802,628 Consumer and other loans - 121,915 Total $ 9,430,126 $ 9,961,517 The following tables present the activity in the allowance for loan losses based on portfolio segment for the three March 31, 2018 2017: March 31, 2018 Construction Commercial One to four family Multi-family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 2,244 $ 1,789 $ 946 $ 464 $ 1,031 $ 454 $ 179 $ 7,107 Provision charged to expense (40 ) 87 167 23 20 (8 ) (24 ) $ 225 Losses charged off - - - - (96 ) (168 ) - $ (264 ) Recoveries 19 - - - 3 13 - $ 35 Balance, end of period $ 2,223 $ 1,876 $ 1,113 $ 487 $ 958 $ 291 $ 155 $ 7,103 March 31, 2017 Construction Commercial One to four family Multi-family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 1,377 $ 1,687 $ 856 $ 206 $ 1,168 $ 337 $ 111 $ 5,742 Provision charged to expense (96 ) 55 (33 ) 67 (287 ) 5 764 $ 475 Losses charged off - - (11 ) - - (70 ) - $ (81 ) Recoveries 18 - 6 - 2 10 - $ 36 Balance, end of period $ 1,299 $ 1,742 $ 818 $ 273 $ 883 $ 282 $ 875 $ 6,172 The following tables present the recorded investment in loans based on portfolio segment and impairment method as of March 31, 2018 December 31, 2017: March 31, 2018 Construction Commercial One to four family Multi-family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Ending balance: individually $ 741 $ - $ 302 $ - $ 219 $ 10 $ - $ 1,272 Ending balance: collectively $ 1,482 $ 1,876 $ 811 $ 487 $ 739 $ 281 $ 155 $ 5,831 Loans: Ending balance: individually $ 4,354 $ 161 $ 4,259 $ 762 $ 656 $ 81 $ - $ 10,273 Ending balance: collectively $ 76,875 $ 254,555 $ 101,581 $ 81,221 $ 97,174 $ 24,027 $ - $ 635,433 December 31, 2017 Construction Commercial One to four family Multi-family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Ending balance: individually $ 738 $ - $ 127 $ - $ 246 $ 138 $ - $ 1,249 Ending balance: collectively $ 1,506 $ 1,789 $ 819 $ 464 $ 785 $ 316 $ 179 $ 5,858 Loans: Ending balance: individually $ 4,452 $ 161 $ 4,424 $ 775 $ 739 $ 276 $ - $ 10,827 Ending balance: collectively $ 60,292 $ 261,705 $ 101,877 $ 84,450 $ 93,784 $ 24,440 $ - $ 626,548 The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows or collateral value of the impaired loan is lower than the carrying value of that loan. The general component covers nonclassified loans and is based on historical charge-off experience and expected loss given default derived from the Bank’s internal risk rating process. Other adjustments may not A loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. The following table summarizes the recorded investment in impaired loans at March 31, 2018 December 31, 2017: March 31, 2018 December 31, 2017 Recorded Unpaid Specific Recorded Unpaid Specific (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 1,778 $ 1,778 $ - $ 3,180 $ 3,180 $ - Multi-family 762 762 - 775 775 - Real estate - construction 2,742 2,742 - 2,840 2,840 - Real estate - commercial 161 161 - 161 161 - Commercial loans 170 170 - 465 465 - Consumer and other loans - - - 3 3 - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 2,481 $ 2,481 $ 302 $ 1,244 $ 1,244 $ 127 Multi-family - - - - - - Real estate - construction 1,612 2,845 741 1,612 2,845 738 Real estate - commercial - - - - - - Commercial loans 486 486 219 274 274 246 Consumer and other loans 81 81 10 273 273 138 Total Real estate - residential mortgage: One to four family units $ 4,259 $ 4,259 $ 302 $ 4,424 $ 4,424 $ 127 Multi-family 762 762 - 775 775 - Real estate - construction 4,354 5,587 741 4,452 5,685 738 Real estate - commercial 161 161 - 161 161 - Commercial loans 656 656 219 739 739 246 Consumer and other loans 81 81 10 276 276 138 Total $ 10,273 $ 11,506 $ 1,272 $ 10,827 $ 12,060 $ 1,249 The following table summarizes average impaired loans and related interest recognized on impaired loans for the three March 31, 2018 2017: For the Three Months Ended For the Three Months Ended March 31, 2018 March 31, 2017 Average Interest Average Interest (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 2,688 $ - $ 1,888 $ - Multi-family 765 5 - - Real estate - construction 2,775 - 2,990 - Real estate - commercial 161 - 521 - Commercial loans 349 - 601 - Consumer and other loans 2 - 10 - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 1,607 $ - $ 41 $ - Multi-family - - - - Real estate - construction 1,612 - 2,415 - Real estate - commercial - - - - Commercial loans 323 - 550 - Consumer and other loans 181 - 87 - Total Real estate - residential mortgage: One to four family units $ 4,295 $ - $ 1,929 $ - Multi-family 765 5 - - Real estate - construction 4,387 - 5,405 - Real estate - commercial 161 - 521 - Commercial loans 672 - 1,151 - Consumer and other loans 183 - 97 - Total $ 10,463 $ 5 $ 9,103 $ - At March 31, 2018, In assessing whether or not not The Bank considers all aspects of the modification to loan terms to determine whether or not one The following table summarizes, by class, loans that were newly classified as TDRs for the three March 31, 2018: Number of Loans Pre-Modification Post-Modification Real estate - residential mortgage: One to four family units - $ - $ - Multi-family - - - Real estate - construction - - - Real estate - commercial - - - Commercial loans 2 510,420 414,515 Consumer and other loans - - - Total 2 $ 510,420 $ 414,515 The following table summarizes, by type of concession, loans that were newly classified as TDRs for the three March 31, 2018: Interest Rate Term Combination Total Modification Real estate - residential mortgage: One to four family units $ - $ - $ - $ - Multi-family - - - - Real estate - construction - - - - Real estate - commercial - - - - Commercial loans - - 414,515 414,515 Consumer and other loans - - - - Total $ - $ - $ 414,515 $ 414,515 The following table presents the carrying balance of TDRs as of March 31, 2018 December 31, 2017: March 31, 2018 December 31, 2017 Real estate - residential mortgage: One to four family units $ 1,248,510 $ 1,290,462 Multi-family - - Real estate - construction 4,354,410 4,452,409 Real estate - commercial 5,653,777 5,666,096 Commercial loans 580,301 214,529 Consumer and other loans - 118,855 Total $ 11,836,998 $ 11,742,351 The Bank has allocated $976,551 $372,321 March 31, 2018 December 31, 2017, There were no twelve three March 31, 2018 2017. 90 As part of the on-going monitoring of the credit quality of the Bank’s loan portfolio, management tracks loans by an internal rating system. All loans are assigned an internal credit quality rating based on an analysis of the borrower’s financial condition. The criteria used to assign quality ratings to extensions of credit that exhibit potential problems or well-defined weaknesses are primarily based upon the degree of risk and the likelihood of orderly repayment, and their effect on the Bank’s safety and soundness. The following are the internally assigned ratings: Pass: This rating represents loans that have strong asset quality and liquidity along with a multi-year track record of profitability. Special mention: This rating represents loans that are currently protected but are potentially weak. The credit risk may Substandard: This rating represents loans that show signs of continuing negative financial trends and unprofitability and therefore, is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Doubtful: This rating represents loans that have all the weaknesses of substandard classified loans with the additional characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Risk characteristics applicable to each segment of the loan portfolio are described as follows. Real estate-Residential 1 4 1 4 1 4 Real estate-Construction: Construction and land development real estate loans are usually based upon estimates of costs and estimated value of the completed project and include independent appraisal reviews and a financial analysis of the developers and property owners. Sources of repayment of these loans may may Real estate-Commercial: Commercial real estate loans typically involve larger principal amounts, and repayment of these loans is generally dependent on the successful operations of the property securing the loan or the business conducted on the property securing the loan. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Credit risk in these loans may Commercial: The commercial portfolio includes loans to commercial customers for use in financing working capital needs, equipment purchases and expansions. The loans in this category are repaid primarily from the cash flow of a borrower’s principal business operation. Credit risk in these loans is driven by creditworthiness of a borrower and the economic conditions that impact the cash flow stability from business operations. Consumer: The consumer loan portfolio consists of various term and line of credit loans such as automobile loans and loans for other personal purposes. Repayment for these types of loans will come from a borrower’s income sources that are typically independent of the loan purpose. Credit risk is driven by consumer economic factors (such as unemployment and general economic conditions in the Bank’s market area) and the creditworthiness of a borrower. The following tables provide information about the credit quality of the loan portfolio using the Bank’s internal rating system as of March 31, 2018 December 31, 2017: March 31, 2018 Construction Commercial One to four family Multi-family Commercial Consumer Total (In Thousands) Rating: Pass $ 76,778 $ 244,309 $ 97,103 $ 81,220 $ 96,355 $ 24,027 $ 619,792 Special Mention - 6,573 3,133 - 296 - 10,002 Substandard 4,451 3,834 5,604 763 1,179 81 15,912 Doubtful - - - - - - - Total $ 81,229 $ 254,716 $ 105,840 $ 81,983 $ 97,830 $ 24,108 $ 645,706 December 31, 2017 Construction Commercial One to four family Multi-family Commercial Consumer Total (In Thousands) Rating: Pass $ 60,291 $ 254,658 $ 96,723 $ 84,450 $ 93,102 $ 24,440 $ 613,664 Special Mention - 5,578 3,799 - 200 - 9,577 Substandard 4,453 1,630 5,779 775 708 276 13,621 Doubtful - - - - 513 - 513 Total $ 64,744 $ 261,866 $ 106,301 $ 85,225 $ 94,523 $ 24,716 $ 637,375 For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees net of certain direct origination costs, are deferred and amortized as a level yield adjustment over the respective term of the loan. The accrual of interest on loans is discontinued at the time the loan is 90 All interest accrued but not |