Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 5: Categories of loans at March 31, 2019 December 31, 2018 March 31, December 31, 2019 2018 Real estate - residential mortgage: One to four family units $ 127,332,191 $ 132,410,810 Multi-family 92,045,496 90,548,265 Real estate - construction 89,605,230 88,553,995 Real estate - commercial 310,375,931 322,921,323 Commercial loans 118,295,271 119,369,484 Consumer and other loans 31,311,534 33,091,017 Total loans 768,965,653 786,894,894 Less: Allowance for loan losses (7,846,622 ) (7,995,569 ) Deferred loan fees/costs, net (573,387 ) (600,719 ) Net loans $ 760,545,644 $ 778,298,606 Classes of loans by aging at March 31, 2019 December 31, 2018 As of March 31, 2019 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 $ 82 $ 27 $ 1,993 $ 2,102 $ 125,230 $ 127,332 $ - Multi-family 5,930 - - 5,930 86,116 92,046 - Real estate - construction 89 70 - 159 89,446 89,605 - Real estate - commercial 852 419 547 1,818 308,558 310,376 - Commercial loans 898 1 - 899 117,396 118,295 - Consumer and other loans 47 71 - 118 31,194 31,312 - Total $ 7,898 $ 588 $ 2,540 $ 11,026 $ 757,940 $ 768,966 $ - As of December 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 $ 177 $ 329 $ 2,164 $ 2,670 $ 129,741 $ 132,411 $ - Multi-family 5,952 - - 5,952 84,596 90,548 - Real estate - construction - - - - 88,554 88,554 - Real estate - commercial 1,000 81 - 1,081 321,840 322,921 - Commercial loans 228 433 71 732 118,638 119,370 - Consumer and other loans 107 12 - 119 32,972 33,091 - Total $ 7,464 $ 855 $ 2,235 $ 10,554 $ 776,341 $ 786,895 $ - Nonaccruing loans are summarized as follows: March 31, December 31, 2019 2018 Real estate - residential mortgage: One to four family units $ 6,597,376 $ 4,136,342 Multi-family - - Real estate - construction 2,381,737 4,088,409 Real estate - commercial 2,559,091 3,592,476 Commercial loans 585,823 1,262,910 Consumer and other loans 216,549 1,542 Total $ 12,340,576 $ 13,081,679 The following tables present the activity in the allowance for loan losses based on portfolio segment for the three March 31, 2019 2018: March 31, 2019 Construction Commercial One to four family Multi-family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Balance, beginning of period $ 2,306 $ 2,093 $ 1,297 $ 641 $ 1,160 $ 373 $ 126 $ 7,996 Provision charged to expense (490 ) 43 85 53 39 44 226 $ - Losses charged off - - - - (234 ) (54 ) - $ (288 ) Recoveries 120 1 4 - 9 5 - $ 139 Balance, end of period $ 1,936 $ 2,137 $ 1,386 $ 694 $ 974 $ 368 $ 352 $ 7,847 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 The following tables present the recorded investment in loans based on portfolio segment and impairment method as of March 31, 2019 December 31, 2018: March 31, 2019 Construction Commercial One to four family Multi-family Commercial Consumer Unallocated Total (In Thousands) Allowance for loan losses: Ending balance: individually evaluated for impairment $ 552 $ 107 $ 630 $ - $ 180 $ 14 $ - $ 1,483 Ending balance: collectively evaluated for impairment $ 1,384 $ 2,030 $ 756 $ 694 $ 794 $ 354 $ 352 $ 6,364 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - Loans: Ending balance: individually evaluated for impairment $ 4,005 $ 1,271 $ 4,121 $ 5,930 $ 529 $ 143 $ - $ 15,999 Ending balance: collectively evaluated for impairment $ 85,600 $ 309,105 $ 123,211 $ 86,116 $ 117,766 $ 31,169 $ - $ 752,967 Ending balance: loans acquired with deteriorated credit quality $ - $ 2,735 $ - $ - $ 201 $ 162 $ - $ 3,098 As of December 31, 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 $ 552 $ 106 $ 573 $ - $ 363 $ 18 $ - $ 1,612 Ending balance: collectively evaluated for impairment $ 1,754 $ 1,987 $ 724 $ 641 $ 797 $ 355 $ 126 $ 6,384 Ending balance: loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - Loans: Ending balance: individually evaluated for impairment $ 4,088 $ 1,588 $ 4,520 $ 5,952 $ 1,062 $ 169 $ - $ 17,379 Ending balance: collectively evaluated for impairment $ 84,507 $ 317,488 $ 128,258 $ 84,663 $ 118,459 $ 32,968 $ - $ 766,343 Ending balance: loans acquired with deteriorated credit quality $ - $ 2,782 $ - $ - $ 216 $ 175 $ - $ 3,173 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 March 31, 2019 December 31, 2018: March 31, 2019 December 31, 2018 Recorded Unpaid Specific Recorded Unpaid Specific (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 1,382 $ 1,382 $ - $ 2 $ 2 $ - Multi-family 5,930 5,930 - 5,952 5,952 - Real estate - construction - - - - - - Real estate - commercial 3,297 3,297 - 3,138 3,138 - Commercial loans 216 216 - 216 216 - Consumer and other loans 212 212 - 225 225 - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 2,740 $ 2,740 $ 630 $ 4,518 $ 4,518 $ 573 Multi-family - - - - - - Real estate - construction 4,004 5,237 552 4,088 5,321 552 Real estate - commercial 708 708 107 1,232 1,317 106 Commercial loans 515 515 180 1,062 1,062 363 Consumer and other loans 93 93 15 119 119 18 Total Real estate - residential mortgage: One to four family units $ 4,122 $ 4,122 $ 630 $ 4,520 $ 4,520 $ 573 Multi-family 5,930 5,930 - 5,952 5,952 - Real estate - construction 4,004 5,237 552 4,088 5,321 552 Real estate - commercial 4,005 4,005 107 4,370 4,455 106 Commercial loans 731 731 180 1,278 1,278 363 Consumer and other loans 305 305 15 344 344 18 Total $ 19,097 $ 20,330 $ 1,484 $ 20,552 $ 21,870 $ 1,612 The following table summarizes average impaired loans and related interest recognized on impaired loans for the three March 31, 2019 2018: For the Three Months Ended For the Three Months Ended March 31, 2019 March 31, 2018 Average Interest Average Interest (In Thousands) Loans without a specific valuation allowance Real estate - residential mortgage: One to four family units $ 1,079 $ 1 $ 2,688 $ - Multi-family 5,938 - 765 5 Real estate - construction - - 2,775 - Real estate - commercial 3,472 4 161 - Commercial loans 232 - 349 - Consumer and other loans 216 - 2 - Loans with a specific valuation allowance Real estate - residential mortgage: One to four family units $ 3,011 $ - $ 1,607 $ - Multi-family - - - - Real estate - construction 3,805 - 1,612 - Real estate - commercial 726 - - - Commercial loans 667 - 323 - Consumer and other loans 120 - 181 - Total Real estate - residential mortgage: One to four family units $ 4,090 $ 1 $ 4,295 $ - Multi-family 5,938 - 765 5 Real estate - construction 3,805 - 4,387 - Real estate - commercial 4,198 4 161 - Commercial loans 899 - 672 - Consumer and other loans 336 - 183 - Total $ 19,266 $ 5 $ 10,463 $ 5 At March 31, 2019, 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 March 31, 2019 December 31, 2018: March 31, 2019 December 31, 2018 Real estate - residential mortgage: One to four family units $ 1,195,262 $ 1,208,596 Multi-family - - Real estate - construction 4,004,409 4,088,409 Real estate - commercial 5,458,192 5,508,444 Commercial loans 472,627 504,481 Consumer and other loans - - Total $ 11,130,490 $ 11,309,930 The Bank has allocated $888,761 $901,086 March 31, 2019 December 31, 2018, There were no twelve three March 31, 2019 2018. 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, 2019 December 31, 2018: March 31, 2019 Construction Commercial One to four family Multi-family Commercial Consumer Total (In Thousands) Rating: Pass $ 85,512 $ 297,890 $ 122,150 $ 86,116 $ 112,875 $ 30,149 $ 734,692 Special Mention - 5,405 363 - 3,889 798 10,455 Substandard 4,093 7,081 4,819 5,930 1,531 365 23,819 Doubtful - - - - - - - Total $ 89,605 $ 310,376 $ 127,332 $ 92,046 $ 118,295 $ 31,312 $ 768,966 December 31, 2018 Construction Commercial One to four family Multi-family Commercial Consumer Total (In Thousands) Rating: Pass $ 84,375 $ 310,486 $ 126,586 $ 84,596 $ 114,525 $ 32,686 $ 753,254 Special Mention - 5,524 372 - 3,031 - 8,927 Substandard 4,179 6,911 5,453 5,952 1,814 405 24,714 Doubtful - - - - - - - Total $ 88,554 $ 322,921 $ 132,411 $ 90,548 $ 119,370 $ 33,091 $ 786,895 The above amounts include purchased credit impaired loans. At March 31, 2019, $3.1 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 |