Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 5: Categories of loans at June 30, 2018 December 31, 2017 June 30, December 31, 2018 2017 Real estate - residential mortgage: One to four family units $ 135,439,026 $ 106,300,790 Multi-family 83,204,490 85,225,074 Real estate - construction 105,974,945 64,743,582 Real estate - commercial 300,325,513 261,866,285 Commercial loans 120,292,323 94,522,840 Consumer and other loans 35,579,723 24,716,447 Total loans 780,816,020 637,375,018 Less: Allowance for loan losses (7,572,510 ) (7,107,418 ) Deferred loan fees/costs, net (726,420 ) (662,591 ) Net loans $ 772,517,090 $ 629,605,009 Classes of loans by aging at June 30, 2018 December 31, 2017 As of June 30, 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 $ 191 $ 184 $ 2,180 $ 2,555 $ 132,884 $ 135,439 $ - Multi-family 6,015 - - 6,015 77,189 83,204 - Real estate - construction 517 - - 517 105,458 105,975 - Real estate - commercial - 533 - 533 299,793 300,326 - Commercial loans 687 96 763 1,546 118,746 120,292 - Consumer and other loans 47 31 50 128 35,452 35,580 - Total $ 7,457 $ 844 $ 2,993 $ 11,294 $ 769,522 $ 780,816 $ - 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 $ - At June 30, 2018, $290,618 30 59 $334,175 60 89 $462,036 90 Nonaccruing loans are summarized as follows: June 30, December 31, 2018 2017 Real estate - residential mortgage: One to four family units $ 4,329,527 $ 4,423,074 Multi-family - - Real estate - construction 4,270,409 4,452,409 Real estate - commercial 1,551,563 161,491 Commercial loans 1,707,342 802,628 Consumer and other loans 49,726 121,915 Total $ 11,908,567 $ 9,961,517 At June 30, 2018, $1.8 The following tables present the activity in the allowance for loan losses based on portfolio segment for the three six June 30, 2018 2017: Three months ended June 30, 2018 Construction Commercial One to four family Multi- family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 2,223 $ 1,876 $ 1,113 $ 487 $ 958 $ 291 $ 155 $ 7,103 Provision charged to expense 248 (90 ) 123 66 122 126 (95 ) $ 500 Losses charged off - - - - - (59 ) - $ (59 ) Recoveries 13 1 1 - 5 9 - $ 29 Balance, end of period $ 2,484 $ 1,787 $ 1,237 $ 553 $ 1,085 $ 367 $ 60 $ 7,573 Six months ended June 30, 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 208 (3 ) 290 89 142 118 (119 ) $ 725 Losses charged off - - - - (96 ) (226 ) - $ (322 ) Recoveries 32 1 1 - 8 21 - $ 63 Balance, end of period $ 2,484 $ 1,787 $ 1,237 $ 553 $ 1,085 $ 367 $ 60 $ 7,573 Three months ended June 30, 2017 Construction Commercial One to four family Multi- family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 1,643 $ 1,742 $ 825 $ 273 $ 1,354 $ 293 $ 42 $ 6,172 Provision charged to expense 75 212 109 50 (45 ) 89 85 $ 575 Losses charged off - - - - (85 ) (53 ) - $ (138 ) Recoveries 21 - 2 - 2 6 - $ 31 Balance, end of period $ 1,739 $ 1,954 $ 936 $ 323 $ 1,226 $ 335 $ 127 $ 6,640 Six months ended June 30, 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 323 267 83 117 139 105 16 $ 1,050 Losses charged off - - (11 ) - (85 ) (123 ) - $ (219 ) Recoveries 39 - 8 - 4 16 - $ 67 Balance, end of period $ 1,739 $ 1,954 $ 936 $ 323 $ 1,226 $ 335 $ 127 $ 6,640 The following tables present the recorded investment in loans based on portfolio segment and impairment method as of June 30, 2018 December 31, 2017: As of June 30, 2018 Construction Commercial One to four family Multi- family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Ending balance: individually evaluated for impairment $ 738 $ - $ 322 $ - $ 213 $ 14 $ - $ 1,287 Ending balance: collectively evaluated for impairment $ 1,746 $ 1,787 $ 915 $ 553 $ 872 $ 353 $ 60 $ 6,286 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - Loans: Ending balance: individually evaluated for impairment $ 4,298 $ 161 $ 4,396 $ - $ 574 $ 89 $ - $ 9,518 Ending balance: collectively evaluated for impairment $ 101,677 $ 295,782 $ 131,043 $ 83,204 $ 118,337 $ 35,290 $ - $ 765,333 Ending balance: loans acquired with deteriorated credit quality $ - $ 4,383 $ - $ - $ 1,381 $ 201 $ - $ 5,965 December 31, 2017 Construction Commercial One to four family Multi- family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Ending balance: individually evaluated for impairment $ 738 $ - $ 127 $ - $ 246 $ 138 $ - $ 1,249 Ending balance: collectively evaluated for impairment $ 1,506 $ 1,789 $ 819 $ 464 $ 785 $ 316 $ 179 $ 5,858 Loans: Ending balance: individually evaluated for impairment $ 4,452 $ 161 $ 4,424 $ 775 $ 739 $ 276 $ - $ 10,827 Ending balance: collectively evaluated for impairment $ 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 Included in the Company’s loan portfolio are certain loans acquired in accordance with ASC 310 30, 310 30 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 June 30, 2018 December 31, 2017: June 30, 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 $ 2,129 $ 2,129 $ - $ 3,180 $ 3,180 $ - Multi-family - - - 775 775 - Real estate - construction 2,686 2,686 - 2,840 2,840 - Real estate - commercial 4,544 4,544 - 161 161 - Commercial loans 1,542 1,542 - 465 465 - Consumer and other loans 201 201 - 3 3 - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 2,267 $ 2,267 $ 322 $ 1,244 $ 1,244 $ 127 Multi-family - - - - - - Real estate - construction 1,612 2,845 738 1,612 2,845 738 Real estate - commercial - - - - - - Commercial loans 413 413 213 274 274 246 Consumer and other loans 89 89 14 273 273 138 Total Real estate - residential mortgage: One to four family units $ 4,396 $ 4,396 $ 322 $ 4,424 $ 4,424 $ 127 Multi-family - - - 775 775 - Real estate - construction 4,298 5,531 738 4,452 5,685 738 Real estate - commercial 4,544 4,544 - 161 161 - Commercial loans 1,955 1,955 213 739 739 246 Consumer and other loans 290 290 14 276 276 138 Total $ 15,483 $ 16,716 $ 1,287 $ 10,827 $ 12,060 $ 1,249 The above amounts include purchased credit impaired loans. At June 30, 2018, $6.0 The following table summarizes average impaired loans and related interest recognized on impaired loans for the six June 30, 2018 2017: For the Six Months Ended For the Six Months Ended June 30, 2018 June 30, 2017 Average Interest Average Interest (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 1,961 $ - $ 1,856 $ - Multi-family 509 - - - Real estate - construction 2,287 - 2,978 - Real estate - commercial 2,326 46 460 - Commercial loans 916 - 583 - Consumer and other loans 9 - 11 - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 2,353 $ - $ 43 $ - Multi-family - - - - Real estate - construction 2,055 - 2,406 - Real estate - commercial 27 - - - Commercial loans 403 - 507 - Consumer and other loans 132 - 79 - Total Real estate - residential mortgage: One to four family units $ 4,314 $ - $ 1,899 $ - Multi-family 509 - - - Real estate - construction 4,342 - 5,384 - Real estate - commercial 2,353 46 460 - Commercial loans 1,319 - 1,090 - Consumer and other loans 141 - 90 - Total $ 12,978 $ 46 $ 8,923 $ - At June 30, 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 presents the carrying balance of TDRs as of June 30, 2018 December 31, 2017: June 30, 2018 December 31, 2017 Real estate - residential mortgage: One to four family units $ 1,234,651 $ 1,290,462 Multi-family - - Real estate - construction 4,298,409 4,452,409 Real estate - commercial 5,637,357 5,666,096 Commercial loans 562,138 214,529 Consumer and other loans - 118,855 Total $ 11,732,555 $ 11,742,351 The Bank did not three June 30, 2018. $939,567 $372,321 June 30, 2018 December 31, 2017, There were no twelve three six June 30, 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 June 30, 2018 December 31, 2017: June 30, 2018 Construction Commercial One to four family Multi-family Commercial Consumer Total (In Thousands) Rating: Pass $ 101,580 $ 285,604 $ 127,604 $ 83,204 $ 117,553 $ 35,240 $ 750,785 Special Mention - 6,545 2,217 - 294 - 9,056 Substandard 4,395 8,177 5,618 - 2,445 340 20,975 Doubtful - - - - - - - Total $ 105,975 $ 300,326 $ 135,439 $ 83,204 $ 120,292 $ 35,580 $ 780,816 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 The above amounts include purchased credit impaired loans. At June 30, 2018, $6.0 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 |