Alaska Pacific Bancshares (AKPB) 10-Q 13 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	9 Months Ended
	Sep. 30, 2013	Nov. 01, 2013	Sep. 30, 2012
Document and Entity Information:	'	'	'
Entity Registrant Name	'ALASKA PACIFIC BANCSHARES INC	'	'
Document Type	'10-Q	'	'
Document Period End Date	30-Sep-13	'	'
Amendment Flag	'false	'	'
Entity Central Index Key	'0001081860	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Common Stock, Shares Outstanding	'	654,486	'
Entity Public Float	'	'	$5,235,888
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'Q3	'	'

Alaska_Pacific_Bancshares_Inc_

Alaska Pacific Bancshares, Inc. and Subsidiary Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Assets	'	'
Cash and due from banks	$1,526	$1,417
Interest-earning deposits in financial institutions	18,483	17,334
Total cash and cash equivalents	20,009	18,751
Investment securities available for sale, at fair value	5,689	4,253
Federal Home Loan Bank stock	1,705	1,752
Loans held for sale	105	3,247
Loans	150,292	148,370
Less allowance for loan losses	-1,942	-1,876
Loans, net	148,350	146,494
Interest receivable	528	602
Premises and equipment, net	3,036	3,224
Real estate owned and repossessed assets, net	1,374	344
Mortgage servicing rights, at fair value	1,212	1,063
Other assets	1,046	2,347
Total Assets	183,054	182,077
Deposits:	'	'
Noninterest-bearing demand	38,173	36,684
Interest-bearing demand	37,082	34,357
Money market	34,496	32,932
Savings	23,584	23,738
Certificates of deposit	27,946	28,770
Total deposits	161,281	156,481
Federal Home Loan Bank advances	'	3,000
Advances from borrowers for taxes and insurance	255	630
Accounts payable and accrued expenses	430	321
Interest payable	109	88
Other liabilities	168	757
Total liabilities	162,243	161,277
Shareholders' Equity:	'	'
Preferred stock ($0.01 par value)	4,762	4,704
Common stock ($0.01 par value)	7	7
Additional paid-in capital	6,497	6,497
Treasury stock	-11	-11
Retained earnings	9,500	9,456
Accumulated other comprehensive income	56	147
Total shareholders' equity	20,811	20,800
Total Liabilities and Equity Capital	$183,054	$182,077

Alaska_Pacific_Bancshares_Inc_1

Alaska Pacific Bancshares, Inc. and Subsidiary Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, except Share data, unless otherwise specified
Assets	'	'
Investment securities available for sale, at amortized cost	$5,658	$4,072
Shareholders' Equity:	'	'
Preferred stock par value per share	$0.01	$0.01
Preferred stock shares authorized	1,000,000	1,000,000
Preferred stock liquidation value per share	$1,000	$1,000
Preferred stock shares issued	4,781	4,781
Preferred stock shares outstanding	4,781	4,781
Common stock par value per share	$0.01	$0.01
Common stock shares authorized	20,000,000	20,000,000
Common stock shares issued	655,415	655,415
Common stock shares outstanding	654,486	654,486

Alaska_Pacific_Bancshares_Inc_2

Alaska Pacific Bancshares, Inc. and Subsidiary Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Interest Income	'	'	'	'
Loans	$2,057	$2,126	$6,071	$6,219
Investment securities	29	33	89	102
Interest-earning deposits with financial institutions	9	5	23	9
Total interest income	2,095	2,164	6,183	6,330
Interest Expense	'	'	'	'
Deposits	95	110	302	346
Federal Home Loan Bank advances	'	28	25	85
Total interest expense	95	138	327	431
Net Interest Income	2,000	2,026	5,856	5,899
Provision for loan losses	60	60	-180	-240
Net interest income after provision for loan losses	1,940	1,966	5,676	5,659
Noninterest Income	'	'	'	'
Mortgage servicing income (loss)	203	-2	407	149
Service charges on deposit accounts	159	156	445	489
Other service charges and fees	85	73	227	199
Gain on sale of loans	176	134	533	331
Gain on sale of investment securities available for sale	'	15	'	15
Total noninterest income	623	376	1,612	1,183
Noninterest Expense	'	'	'	'
Compensation and benefits	1,100	1,150	3,492	3,409
Occupancy and equipment	347	369	1,094	1,064
Data processing	75	70	208	203
Professional and consulting fees	218	117	493	425
Marketing and public relations	65	70	195	181
Real estate owned and repossessed assets, net	62	-13	100	237
FDIC assessment	38	54	107	208
Other noninterest expense	251	322	797	855
Total noninterest expense	2,156	2,139	6,486	6,582
Income before provision for income taxes	407	203	802	260
Provision for income taxes	367	80	521	104
Net Income(loss)	40	123	281	156
Preferred stock dividend and discount accretion	'	'	'	'
Preferred stock dividends	59	60	179	180
Preferred stock discount accretion	19	18	58	54
Net Income(loss) available to common shareholders	($38)	$45	$44	($78)
Income (loss) per common share:	'	'	'	'
Basic	($0.06)	$0.07	$0.07	($0.12)
Diluted	($0.06)	$0.06	$0.06	($0.12)

Alaska_Pacific_Bancshares_Inc_3

Alaska Pacific Bancshares, Inc. and Subsidiary Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Statements of Comprehensive Income	'	'	'	'
Net Income(loss) available to common shareholders	($38)	$45	$44	($78)
Net unrealized gains (loss) on investment securities available for sale, net of tax expense	-8	11	-91	33
Reclassification adjustment for net gains on sale of investment securities available for sale realized in earnings	'	-9	'	-9
Comprehensive income (loss) net of tax	($46)	$47	($47)	($54)

Alaska_Pacific_Bancshares_Inc_4

Alaska Pacific Bancshares, Inc. and Subsidiary Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Statements of Comprehensive Income	'	'	'	'
Tax expense (benefit) on net unrealized gains (loss) on investment securities available for sale	($5)	$7	($59)	$20
Tax expense (benefit) on reclassification adjustment for net gains on sale of investment securities available for sale realized in earnings	'	$6	'	$6

Alaska_Pacific_Bancshares_Inc_5

Alaska Pacific Bancshares, Inc. and Subsidiary Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Operating Activities	'	'
Net income	$281	$156
Adjustments to reconcile net income to net cash provided by (used in) operating activities:	'	'
Provision for loan losses	180	240
Gain on sale of loans	-533	-331
Fair value valuation adjustment on mortgage servicing rights	-149	96
Depreciation and amortization	232	218
Amortization of fees, discounts, and premiums, net	-192	-92
Stock compensation expense	'	8
(Gain) Loss on sale and impairment of real estate owned and repossessed assets	38	194
Gain on sale of investment securities available for sale	'	-15
Loans originated for sale	-25,602	-18,463
Proceeds from sale of loans originated for sale	29,277	19,297
Deferred income tax expense	208	'
Cash provided by (used in) changes in operating assets and liabilities:	'	'
Accured interest receivable	74	-2
Other assets	1,278	-342
Advances from borrowers for taxes and insurance	-375	-478
Accured interest payable	21	1
Accounts payable and accrued expenses	109	419
Other liabilities	-589	-73
Net cash provided by (used in) operating activities	4,258	833
Investing Activities	'	'
Purchase of investment securities available for sale	-3,000	-258
Proceeds from sale of investment securities available for sale	'	569
Maturities and principal repayments of investment securities available for sale, net	1,397	467
Proceeds from FHLB stock redemption	47	16
Loan originations, net of principal repayments	-3,260	-2,979
Proceeds from sale of real estate owned and repossessed assets	239	452
Purchase of premises and equipment	-44	-1,064
Net cash used in investing activities	-4,621	-2,797
Financing Activities	'	'
Net decrease in Federal Home Loan Bank advances	-3,000	'
Net increase in demand and savings deposits	5,624	12,292
Net decrease in certificates of deposit	-824	-4,112
Cash dividends paid on preferred stock	-179	-180
Net cash provided by financing activities	1,621	8,000
Increase (Decrease) in cash and cash equivalents	1,258	6,036
Cash and cash equivalents at beginning of period	18,751	11,058
Cash and cash equivalents at end of period	20,009	17,094
Supplemental information:	'	'
Cash paid for interest	306	430
Net cash paid for (received from) income taxes	352	320
Loans foreclosed and transferred to real estate owned and repossessed assets	1,433	156
Net change in fair value of securities available for sale, net of tax	-91	24
Accrued dividends on Series A preferred stock	31	31
Guaranteed portions of repossessed assets removed from real estate owned and repossessed assets, net, transferred to other assets	$126	'

Note_1_Basis_of_Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 1 - Basis of Presentation	'
	Note 1 – Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements include the accounts of Alaska Pacific Bancshares, Inc. (the “Company” or “Alaska Pacific”) and its wholly owned subsidiary, Alaska Pacific Bank (the “Bank”), and have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and to general practices within the financial institutions industry, where applicable.  All significant intercompany balances have been eliminated in the consolidation.  Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements.  They should be read in conjunction with the audited consolidated financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2012.  In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation have been included pursuant to the requirements of the Securities and Exchange Commission (“SEC”) for interim reporting.  The results of operations for the interim period ended September 30, 2013, are not necessarily indicative of the results which may be expected for an entire year or any other period.  In preparing these financial statements, the Company has evaluated events and transactions subsequent to September 30, 2013 for potential recognition and disclosure.
	Certain amounts in prior-period consolidated financial statements have been reclassified to conform to the current-period presentation.  These reclassifications had no effect on net (loss) income or shareholders’ equity.

Note_2_Subsequent_Events

Note 2 - Subsequent Events	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 2 - Subsequent Events	'
	Note 2 – Subsequent Events
	On October 22, 2013, Northrim BanCorp, Inc. (“Northrim BanCorp”) and Alaska Pacific Bancshares, Inc. issued a joint press release announcing the execution of an Agreement and Plan of Merger (“Agreement”), dated as of October 21, 2013, providing for the merger of Alaska Pacific with and into Northrim BanCorp.  The Agreement provides for Northrim BanCorp to acquire Alaska Pacific in a stock and cash transaction currently valued at approximately $14.3[1] million or approximately $17.28 per share of Alaska Pacific common stock, assuming the full exercise of Alaska Pacific’s TARP warrants at the current transaction price.  The transaction value is expected to change based on fluctuations in the price of Northrim BanCorp’s common stock.  For further information on the details of the proposed transaction, please see the Agreement which was filed as an exhibit to the Form 8-K filed on October 24, 2013.
	The Company has elected to discontinue its mortgage loan origination operations and expects to shut down the operation no later than December 31, 2013.  No significant proceeds are expected from the sale of any related assets, since most of the assets will be absorbed into other operations of the Company.  Income derived from mortgage loan origination operations consists of gain on sale of loans and related loan fees.

Note_3_Mortgage_Loan_Servicing

Note 3 - Mortgage Loan Servicing	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 3 - Mortgage Loan Servicing	'
	Note 3 – Mortgage Loan Servicing
	The Company generally retains the right to service mortgage loans sold to others.  The unpaid principal balance of loans serviced for others at September 30, 2013 and December 31, 2012 were $144.5 million and $138.8 million, respectively.  The Company accounts for mortgage servicing rights (“MSR”) in accordance with Accounting Standards Codification (“ASC”) 860-50, Servicing Assets and Liabilities, which provides an election to record changes in fair value to be reported in earnings in the period in which the change occurs.  The Company uses a model derived valuation methodology to update the estimate of fair value of the MSR obtained from an independent financial advisor on an annual basis.  The annual valuation is reviewed on a quarterly basis for significant changes in assumptions and current market rates.  The model pools loans into tranches of homogeneous characteristics and performs a present value analysis of the expected future cash flows.  The tranches are created by individual loan characteristics such as note rate, product type, and the remittance schedule.  Applicable current market rates are utilized for discounting the future cash flows.  Significant assumptions used in the annual valuation of the MSR include discount rates, projected repayment speeds, escrow calculations, ancillary income, delinquencies and option adjusted spreads.
	Key assumptions used in measuring the fair value of MSR as of September 30, 2013 and 2012 were as follows:
		September 30,
		2013	2012
	Constant prepayment rate	17.80%	18.56%
	Discount rate	8.05%	8.08%
	Weighted average life (years)	23.1	23.6
	The change in the balance of mortgage servicing assets is included in the following table:
		Three Months Ended September 30,		Nine Months Ended September 30,
	(in thousands)	2013	2012	2013	2012
	Balance beginning of period	$1,097	$1,085	$1,063	$1,098
	Change in fair value:
	Due to additions to servicing assets	92	78	298	253
	Due to payoffs of servicing assets	(54)	(76)	(240)	(215)
	Fair value adjustment	77	(85)	91	(134)
	Total change in fair value	115	(83)	149	(96)
	Balance end of period	$1,212	$1,002	$1,212	$1,002

Note_4_Fair_Value_Measurements

Note 4 - Fair Value Measurements	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 4 - Fair Value Measurements	'
	Note 4 – Fair Value Measurements
	We have elected to record certain assets and liabilities at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The GAAP standard (ASC 820, Fair Value Measurements and Disclosures) establishes a consistent framework for measuring fair value and disclosure requirements about fair value measurements.  The standard requires the Company to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.  Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions.  These two types of inputs create the following fair value hierarchy:
	Level 1 - Unadjusted quoted prices for identical instruments in active markets;
	Level 2 - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable; and
	Level 3 - Instruments whose significant value drivers are unobservable.
	An asset or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.
	The following table sets forth the Company’s assets and liabilities by level within the fair value hierarchy that were measured at fair value on a recurring and non-recurring basis at September 30, 2013 and December 31, 2012.
	(in thousands)	Fair Value	Quoted Prices in Active Markets for Identical Instruments (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs
					(Level 3)
	September 30, 2013:
	Recurring:
	Available for sale securities:
	Mortgage-backed securities	$ 1,344	$ -	$ 1,344	$ -
	Municipal securities	1,352	-	1,352	-
	U.S. government agencies	2,993	994	1,999	-
	Mortgage servicing rights	1,212	-	-	1,212
	Non-recurring:
	Impaired loans *	3,478	-	-	3,478
	Real estate owned and repossessed assets	1,374	-	-	1,374
	December 31, 2012:
	Recurring:
	Available for sale securities:
	Mortgage-backed securities	$ 1,768	$ -	$ 1,768	$ -
	Municipal securities	1,409	-	1,409	-
	U.S. government agencies	1,076	1,009	67	-
	Mortgage servicing rights	1,063	-	-	1,063
	Non-recurring:
	Impaired loans *	2,693	-	-	2,693
	Real estate owned and repossessed assets	344	-	-	344
	*Includes impaired loans with partial charge offs or specific reserves.
	The changes in Level 3 assets and liabilities measured at fair value on a recurring basis were as follows:
	Mortgage Servicing Rights	Three Months Ended September 30,	Three Months Ended September 30,	Nine Months Ended September 30,	Nine Months Ended September 30,
	(in thousands)	2013	2012	2013	2012
	Balance beginning of period	$ 1,097	$ 1,085	$ 1,063	$ 1,098
	Additions to servicing assets	92	78	298	253
	Disposals of servicing assets	(54)	(76)	(240)	(215)
	Fair value adjustment	77	(85)	91	(134)
	Balance end of period	$ 1,212	$ 1,002	$ 1,212	$ 1,002
	For Level 3 assets and liabilities measured at fair value on a recurring or non-recurring basis as of September 30, 2013, the significant unobservable inputs used in the fair value measurements were as follows:
		Fair Value at September 30, 2013	Valuation Technique	Significant	Range
		(in thousands)		Unobservable
				Inputs
	Mortgage servicing	$ 1,212	Discounted Cash Flow	Constant Prepayment Rate Range	14.2% - 27.5%
	rights
				Discount Rate Range	7.5% - 9.0%
	Impaired loans	$ 3,478	Appraised value less cost to sell, net of discount	Discount Rate Range	10% - 30%
	Real estate	$ 1,374	Appraised value less cost to sell, net of discount	Discount Rate Range	10% - 30%
	owned and
	repossessed
	assets
	Impaired loans:  Impaired loans are measured at fair value on a non-recurring basis and included in the table are impaired loans with a current specific valuation allowance.  These assets are classified as Level 3 where significant value drivers are unobservable.  The fair value of impaired loans are determined using a discounted cash flow basis or the fair value of each loan’s collateral for collateral-dependent loans as determined by an appraisal of the property, less estimated costs related to liquidation of the collateral.  The appraisal amount may also be discounted based on management’s historical knowledge, changes in market conditions from the time of valuation, and/or management’s expertise and knowledge of the client and the client’s business.  The contractual balance of impaired loans with a specific valuation allowance or a partial charge-off was $4.5 million at September 30, 2013 and $3.2 million at December 31, 2012 with estimated reserves for impairment of $473,000 on both dates.
	Real estate owned and repossessed assets:  The $1.4 million in real estate owned and repossessed assets at September 30, 2013, represents impaired real estate and repossessed assets that have been adjusted to fair value. Real estate owned and repossessed assets primarily represents real estate and other assets which the Bank has taken control of in partial or full satisfaction of loans. At the time of foreclosure, real estate owned and repossessed assets are recorded at the lower of the carrying amount of the loan or fair value less costs to sell, which becomes the property’s new basis. Any write-downs based on the asset’s fair value at the date of acquisition are charged to the allowance for loan losses. After foreclosure, real estate is carried at the lower of its new cost basis or fair value, net of estimated costs to sell.  The fair value of real estate owned is determined by appraisal of the property, less estimated costs related to liquidation of the asset.  The appraisal amount may also be discounted based on management’s historical knowledge, changes in market conditions from the time of valuation, and/or management’s expertise and knowledge of the asset.  Fair value adjustments on real estate owned and repossessed assets are included in noninterest expense.
	MSR: The Company accounts for MSR in accordance with ASC 860-50, Servicing Assets and Liabilities, which provides that changes in fair value will be reported in earnings in the period in which the change occurs.  See Note 3 of the Selected Notes to Condensed Consolidated Interim Financial Statements for information regarding the Company’s methodology to estimate the fair value of MSR.
	The following tables set forth the estimated fair values of the Company’s financial instruments at September 30, 2013 and December 31, 2012:
	(in thousands)		Fair Value Measurements at September 30, 2013
			Level 1	Level 2	Level 3	Total
		Carrying
		Amount
	Financial Assets
	Cash and cash equivalents	$ 20,009	$ 20,009	$ -	$ -	$ 20,009
	Investment securities available for sale	5,689	994	4,695	-	5,689
	Federal Home Loan Bank stock	1,705	-	1,705	-	1,705
	Loans held for sale	105	-	105	-	105
Loans, excluding held for sale, net	147,759	-	-	137,974	137,974
Interest receivable	528	-	528	-	528
Mortgage servicing rights	1,212	-	-	1,212	1,212
Financial Liabilities
Demand and savings deposits	133,335	-	133,335	-	133,335
Certificates of deposit	27,946	-	27,659	-	27,659
Interest payable	109	-	109	-	109
(in thousands)		Fair Value Measurements at December 31, 2012
	Carrying	Level 1	Level 2	Level 3	Total
	Amount
Financial Assets
Cash and cash equivalents	$ 18,751	$ 18,751	$ -	$ -	$ 18,751
Investment securities available for sale	4,253	1,009	3,244	-	4,253
Federal Home Loan Bank stock	1,752	-	1,752	-	1,752
Loans held for sale	3,247	-	3,247	-	3,247
Loans, excluding held for sale, net	146,494	-	-	134,680	134,680
Interest receivable	602	-	602	-	602
Mortgage servicing rights	1,063	-	-	1,063	1,063
Financial Liabilities
Demand and savings deposits	127,711	-	127,711	-	127,711
Certificates of deposit	28,770	-	28,598	-	28,598
Federal Home Loan Bank advances	3,000	-	3,274	-	3,274
Interest payable	88	-	88	-	88
The following methods and assumptions were used to estimate the fair value of each class of financial instrument:
Cash, cash equivalents, and accrued interest:  The fair value of cash and cash equivalents and accrued interest is estimated to be equal to the carrying value, due to their short-term nature.
Investment Securities:   Securities available-for-sale are recorded at fair value on a recurring basis.  Fair values are based on quoted market prices, where available.  If quoted market prices are not available, fair values are estimated based on quoted market prices of comparable instruments with similar characteristics.  Changes in fair market value are recorded in other comprehensive income, net of tax.
Mortgage servicing rights:  MSR are measured at fair value on a recurring basis.  These assets are classified as Level 3 as quoted prices are not available and the Company uses a model derived valuation methodology to estimate the fair value of MSR obtained from an independent financial advisor on an annual basis.   The annual valuation is reviewed on a quarterly basis for significant changes in assumptions and current market rates.  The model pools loans into tranches of homogeneous characteristics and performs a present value analysis of the expected future cash flows.  The tranches are created by individual loan characteristics such as note rate, product type, and the remittance schedule.  Applicable current market rate assumptions are utilized for discounting the future cash flows.
Federal Home Loan Bank (“FHLB”) stock:  FHLB stock is carried at par value.  The fair value of FHLB stock is considered to be equal to its carrying value, since it may only be redeemed at par value.
Loans, excluding held for sale, net of allowance for loan loss:  The fair value of loans excluding loans held for sale and net of allowance for loan losses is estimated using present value methods which discount the estimated cash flows, including prepayments as well as contractual principal and interest, using current interest rates appropriate for the type and maturity of the loans.
Loans held for sale:  For loans held for sale, carrying value approximates fair value.
Deposits and other liabilities:  The fair value disclosed for demand deposits, savings, and money market accounts are, by definition, equal to the amount payable on demand at the reporting date.
Certificates of deposit:  The fair values of fixed-rate certificates of deposit are estimated using present value methods and current offering rates for such deposits.
FHLB advances:  The estimated fair value approximates carrying value for short-term advances. The fair value of long-term fixed-rate advances is estimated by discounting future cash flows using current interest rates for similar financial instruments.

Note_5_Investment_Securities_A

Note 5 - Investment Securities Available For Sale	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 5 - Investment Securities Available For Sale	'
	Note 5 – Investment Securities Available for Sale
	Amortized cost and fair values of investment securities available for sale, including mortgage-backed securities, are summarized as follows:
		Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Fair
	(in thousands)				Value
	September 30, 2013:
	Mortgage-backed securities	$1,265	$ 79	$ -	$1,344
	Municipal securities	1,335	18	(1)	1,352
	U.S. government agencies	3,058	2	(67)	2,993
	Total	$5,658	$99	$(68)	$ 5,689
	December 31, 2012:
	Mortgage-backed securities	$1,657	$111	$-	$1,768
	Municipal securities	1,350	59	-	1,409
	U.S. government agencies	1,065	11	-	1,076
	Total	$4,072	$181	$ -	$4,253
	There were seven available for sale securities that are in an unrealized loss position at September 30, 2013.  At September 30, 2013 an aging of unrealized losses and fair value of available-for-sale securities was as follows:
		Unrealized losses		Unrealized losses 12 months or more		Total
		less than 12 months
	(in thousands)	Fair Value	Unrealized Losses	Fair Value	Unrealized Losses	Fair Value	Unrealized Losses
	Municipal securities	$ 251	$ (1)	$ -	$ -	$ 251	$ (1)
	U.S. government agencies	2,933	(67)	-	-	2,933	(67)
	Total	$3,184	$ (68)	$ -	$ -	$3,184	$(68)
	There were no available for sale securities at December 31, 2012 that have been in a continuous unrealized loss position for more than twelve months.
	The fair values of individual securities fluctuate significantly with interest rates and with market demand for securities with specific structures and characteristics.  Management does not consider these unrealized losses to be other than temporary because the Company does not intend to sell them and the Company will likely not be required to sell them.
	No securities were designated as trading or held to maturity at September 30, 2013 or December 31, 2012.
	The fair value and amortized cost of investment securities at September 30, 2013 is presented in the following table by contractual maturity.  Actual maturities may vary as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
	in	Fair Value Mortgage- Backed Securities	Amortized Cost Mortgage- Backed Securities	Fair Value Municipal Securities	Amortized Cost Municipal Securities	Fair Value U.S Government Agencies	Amortized Cost U.S Government Agencies
	thousands
	Maturing within 1 to 5 years	$ 63	$ 61	$-	$-	$ 495	$ 500
	Maturing between 5 and 10 years	483	458	1,352	1,335	2,012	2,058
	Maturing beyond 10 years	798	746	-	-	486	500
	Total	$1,344	$1,265	$1,352	$1,335	$2,993	$3,058
	The amortized cost and market value of investment securities pledged to secure public funds deposited with the Bank at September 30, 2013 was $4.7 million.  The amortized cost and market value of investment securities pledged to secure public funds deposited with the Bank at December 31, 2012 was $3.6 million and $3.8 million, respectively.
	There were no sales of securities during the three and nine months ended September 30, 2013.  There was one sale of securities during the three and nine months ended September 30, 2012 resulting in a gross realized gain on sale of investment securities available for sale of $15,000.
	At September 30, 2013 the Bank owned $1.7 million of stock of the FHLB of Seattle. As a condition of membership in the FHLB, the Bank is required to purchase and hold a certain amount of FHLB stock, which is based, in part, upon the outstanding principal balance of advances from the FHLB and is calculated in accordance with the Capital Plan of the FHLB.  FHLB stock has a par value of $100 per share, is carried at cost, and is subject to impairment testing per ASC 320-10-35.
	The FHLB of Seattle announced that it had a risk-based capital deficiency under the regulations of the Federal Housing Finance Agency (the FHFA), its primary regulator, as of December 31, 2008, and that it would suspend future dividends and the repurchase and redemption of outstanding common stock.  The FHLB of Seattle announced on September 7, 2012 that the FHFA now considers the FHLB of Seattle to be adequately capitalized.  Dividends on, or repurchases of, the FHLB of Seattle stock continue to require the consent of the FHFA.  The FHFA subsequently approved the repurchase of portions of FHLB of Seattle stock, and as of September 30, 2013, the FHLB had repurchased $47,400 of the Bank’s stock during the nine months ended September 30, 2013, including $15,800 during the quarter ending September 30, 2013.  The FHLB of Seattle announced October 28, 2013 that, based on third quarter 2013 financial results, their Board of Directors had declared a $0.025 per share cash dividend.
	Management will continue to monitor the financial condition of the FHLB as it relates to, among other things, the recoverability of the Bank’s investment in FHLB stock.  Based on the above, the Company has determined there is not any impairment on the FHLB stock investment as of September 30, 2013.

Note_6_Loans

Note 6 - Loans	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 6 - Loans	'
	Note 6 – Loans
	Loans are summarized as follows:
	(in thousands)	September 30,	31-Dec-12
		2013
	Real estate:
	Permanent:
	One- to four-family	$16,732	$21,433
	Multifamily	2,751	3,008
	Commercial nonresidential	74,412	73,447
	Land	8,044	8,107
	Construction:
	One- to four-family	4,948	2,410
	Commercial nonresidential	993	607
	Commercial business	27,217	23,245
	Consumer:
	Home equity	8,844	9,115
	Boat	4,524	4,772
	Automobile	772	773
	Other	1,055	1,453
	Total loans	$150,292	$148,370
	Loans are net of deferred loan fees amounting to $478,000 and $529,000 at September 30, 2013 and December 31, 2012, respectively.
	Other loans include overdrawn balances of deposit accounts of $52,000 and $79,000 at September 30, 2013 and December 31, 2012, respectively.
	Impaired Loans.  Loans are deemed to be impaired when management determines that it is probable that all amounts due under the contractual terms of the loan agreements will not be collectible in accordance with the original loan agreement. All problem-graded loans are evaluated for impairment.  Impairment is measured by comparing the fair value of the collateral or discounted cash flows to the recorded investment in the loan.  Impaired loans include loans modified in troubled debt restructurings where concessions have been granted to borrowers experiencing financial difficulties.  These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection.
	Impaired loans are set forth in the following table as of September 30, 2013:
	(in thousands)	Unpaid Contractual Principal Balance	Recorded Investment With No Allowance	Recorded Investment With Allowance	Total Recorded Investment	Related Allowance
	Real estate:
	Permanent:
	One- to four-family	$ 296	$ 276	$ -	$ 276	$ -
	Commercial nonresidential	8,615	5,696	2,317	8,013	473
	Land	1,426	1,426	-	1,426	-
	Commercial business	522	522	-	522	-
	Consumer:
	Home equity	45	45	-	45	-
	Total	$ 10,904	$ 7,965	$ 2,317	$ 10,282	$ 473
	Impaired loans are set forth in the following table as of December 31, 2012.
	(in thousands)	Unpaid	Recorded Investment With No Allowance	Recorded Investment With Allowance	Total Recorded Investment	Related Allowance
		Contractual
		Principal Balance
	Real estate:
	Permanent:
	One- to four-family	$ 300	$ 291	$ -	$ 291	$ -
	Commercial non-residential	7,724	4,964	2,399	7,363	473
	Land	2,021	2,021	-	2,021	-
	Commercial business	1,898	1,898	-	1,898	-
	Consumer:
	Home equity	8	8	-	8	-
	Total	$ 11,951	$ 9,182	$ 2,399	$ 11,581	$ 473
	The following table presents interest income recognized and average recorded investment of impaired loans for the period ended:
		Three Months Ended		Three Months Ended
		30-Sep-13		30-Sep-12
	(in thousands)	Interest Income Recognized	Average Recorded Investment	Interest Income Recognized	Average Recorded Investment
	Real estate:
	Permanent:
	One- to four-family	$ -	$ 279	$ -	$ 223
	Commercial nonresidential	54	8,133	73	7,126
	Land	34	1,698	26	2,114
	Commercial business	11	539	3	1,546
	Consumer:
	Home equity	-	27	-	60
	Total	$ 99	$ 10,676	$ 102	$ 11,069
		Nine Months Ended		Nine Months Ended
		30-Sep-13		30-Sep-12
	(in thousands)	Interest Income Recognized	Average Recorded Investment	Interest Income Recognized	Average Recorded Investment
Real estate:
Permanent:
One- to four-family	$ -	$ 284	$ -	$ 149
Multifamily	-	-	5	218
Commercial nonresidential	154	7,999	212	7,209
Land	93	1,859	62	2,150
Commercial business	32	860	14	1,578
Consumer:
Home equity	-	17	1	53
Total	$ 279	$ 11,019	$ 294	$ 11,357
Nonaccrual loans at September 30, 2013 and December 31, 2012, were as follows:
	September 30,	December 31,
(in thousands)	2013	2012
Real Estate:
One- to four-family	$276	$291
Commercial nonresidential	5,468	3,953
Commercial business	98	1,427
Consumer:
Home equity	45	8
Total	$5,887	$5,679
Troubled Debt Restructurings.  Troubled debt restructured loans are loans for which the Company, for economic or legal reasons related to the borrower’s financial condition, has granted a concession to the borrower that it would otherwise not consider.  The Company accounts for troubled debt restructurings in accordance with Auditing Standards Update (“ASU”) No. 2011-02.  Troubled debt restructurings of certain receivables identified are deemed impaired under the guidance of Section 310-10-35 of ASU No. 2011-02.  As of September 30, 2013 and December 31, 2012, the recorded investment in loans that have been modified in a troubled debt restructuring and that are impaired was $7.4 million and $9.2 million, respectively.  Included in these amounts, the Company had $6.7 million and $6.5 million of troubled debt restructurings as of September 30, 2013 and December 31, 2012, respectively, which were performing in accordance with their modified loan terms.  The Company has not committed any additional amounts to lend to borrowers with loans considered to be troubled debt restructurings.
Modification Categories:  The Bank considers a variety of modifications to borrowers.  The types of modifications considered can generally be described in the following categories:
·         Rate Modification: A modification in which the interest rate is changed.
·         Term Modification:  A modification in which the maturity date, timing of payments, or frequency of payments is changed.
·         Interest Only Modification:  A modification in which the loan is converted to interest only payments for a period of time.
·         Payment Modification:  A modification in which the dollar amount of the payment is changed, other than an interest only modification described above.
·         Combination Modification:  Any other type of modification, including the use of multiple categories above.
The following table presents the accrual status of troubled debt restructurings as of September 30, 2013:
	Number of Contracts	Accrual Status	Non-Accrual Status	Total Modifications
(dollars in thousands)
Real Estate:
One-to-four-family	1	$ -	$ 276	$ 276
Commercial nonresidential	12	2,395	4,287	6,682
Land	1	347	-	347
Commercial business	3	52	-	52
Consumer:
Home equity	1	-	45	45
Total	18	$2,794	$4,608	$7,402
The following table presents the accrual status of troubled debt restructurings as of December 31, 2012:
(dollars in thousands)	Number of Contracts	Accrual Status	Non-Accrual Status	Total Modifications
Real Estate:
One-to-four-family	1	$ -	$ 291	$ 291
Commercial nonresidential	11	3,253	3,734	6,987
Land	1	400	-	400
Commercial business	3	107	1,427	1,534
Total	16	$3,760	$5,452	$9,212
The following table presents newly restructured loans that occurred during the three months ended September 30, 2013:
(dollars in thousands)	Number of Contracts
		Combination Modification
Consumer:
Home equity	1	$45
The following table presents newly restructured loans that occurred during the nine months ended September 30, 2013:
(dollars in thousands)	Number of Contracts	Payment Modification
Commercial business	1	$11
Real Estate:
Commercial nonresidential	1	$535
Consumer:
Home equity	1	$45
There were no newly restructured loans that occurred during the three months ended September 30, 2012.
The following tables present newly restructured loans that occurred during the nine months ended September 30, 2012:
(dollars in thousands)	Number of Contracts	Payment Modification
Real Estate:
Commercial nonresidential	1	$ 537
The pre-modification balances and the post-modification balances were the same for the loans that were restructured during the nine months ended September 30, 2013 and for the nine months ended September 30, 2012.  For the nine months ended September 30, 2013, there were seven commercial non-residential loans totaling $3.5 million, one one-to-four family loan for $276,000 and one home equity loan for $45,000 modified as troubled debt restructuring within the previous 12 months for which there was a payment default. For the nine months ended September 30, 2012, there was one commercial business loan for $1.4 million and four commercial non-residential loans totaling $3.2 million modified as troubled debt restructuring within the previous 12 months for which there was a payment default.
The Bank’s policy is that loans placed in nonaccrual status may be restored to accrual status when delinquent principal and interest payments are brought current and future monthly principal and interest payments are expected to be collected.  In general, the Bank’s policy requires six months of payment performance in order for the loan to return to accrual status.
An age analysis of past due loans, segregated by class of loans, as of September 30, 2013 was as follows:
(in thousands)	Loans	Loans	Loans	Total	Current Loans	Total Loans	Accruing Loans 90 or More Days Past Due
	30-59 Days Past Due	60-89 Days Past Due	90 or More Days Past Due	Past Due Loans
Real estate:
Permanent:
One- to four-family	$149	$ -	$ -	$149	$ 16,583	$ 16,732	$ -
Multifamily	-	-	-	-	2,751	2,751	-
Commercial nonresidential	-	-	1,633	1,633	72,779	74,412	-
Land	-	-	-	-	8,044	8,044	-
Construction:
One- to four-family	-	-	-	-	4,948	4,948	-
Commercial nonresidential	-	-	-	-	993	993	-
Commercial business	27	-	-	27	27,190	27,217	-
Consumer:
Home equity	-	-	-	-	8,844	8,844	-
Boat	-	-	-	-	4,524	4,524	-
Automobile	-	-	-	-	772	772	-
Other	-	-	-	-	1,055	1,055	-
Total	$ 176	$-	$ 1,633	$1,809	$148,483	$150,292	$ -
An age analysis of past due loans, segregated by class of loans, as of December 31, 2012 were as follows:
(in thousands)	Loans 30-59 Days Past Due	Loans 60 -89 Days Past Due	Loans 90 or More Days Past Due	Total Past Due Loans	Current Loans	Total Loans	Accruing Loans 90 or More Days Past Due
Real estate:
Permanent:
One- to four-family	$-	$18	$ -	$18	$21,415	$21,433	$ -
Multifamily	-	-	-	-	3,008	3,008	-
Commercial non-	-	-	3,356	3,356	70,091	73,447	1,839
residential
Land	-	-	-	-	8,107	8,107	-
Construction:
One- to four-family	-	-	-	-	2,410	2,410	-
Commercial non-	-	-	-	-	607	607	-
residential
Commercial business	11	102	1,427	1,540	21,705	23,245	-
Consumer:
Home equity	23	-	8	31	9,084	9,115	-
Boat	15	-	-	15	4,757	4,772	-
Automobile	1	-	-	1	772	773	-
Other	-	-	-	-	1,453	1,453	-
Total	$ 50	$120	$ 4,791	$ 4,961	$ 143,409	$148,370	$ 1,839
Credit Quality / Risk Rating System:  The Bank utilizes a risk rating system to segment the risk profile of its loan portfolio. As part of this on-going monitoring system of the credit quality of the Bank’s loan portfolio, management tracks certain credit quality indicators including trends in past due and nonaccrual loans, gross and net charge-offs, and movement in loan balances within the risk classifications.  The Bank’s risk rating system is comprised of a nine point ranges (1-9) risk rating system based upon industry best practice and regulatory definitions. A brief summary of the general characteristics of the nine risk classes is as follows:
·         Ratings 1-2: Include loans with the highest credit quality based upon financial performance, high net worth borrowers, an industry category with very positive trends, collateral of readily marketable government securities, time certificates or cash value of life insurance, and other strong financial performance ratios.
·         Ratings 3-4: Include loans with satisfactory financial performance, adequate liquidity and compare favorably to industry performance measurements.  Loans in these categories are typically secured by real estate, inventory, accounts receivable or other collateral that may not be as easily converted to cash.  Loans graded a 4 might, for example, be loans where the borrower’s business is tied to a cyclical or seasonal industry such as tourism or fishing.
·         Rating 5:  This is a “Pass/Watch” category requiring additional management attention.  These are performing loans where there is still no perception of unwarranted or undue credit risk, but because of external events in the marketplace, management change, a shift in financial performance or other conditions, which if not addressed could cause further problems.  This is typically a temporary classification.
·         Rating 6:  This category includes “Special Mention” loans which are currently performing as agreed but have developed a financial weakness, which if not corrected, pose unwarranted risk to the institution. This classification is used when the degree of risk initially evaluated has increased beyond conditions that would have prevented the loan from being originated initially. Prompt corrective action is needed.
·         Rating 7:  This category includes “Substandard” loans which are no longer protected by adequate cash flow, net worth, or collateral.  There is a well-defined weakness that jeopardizes the repayment of the debt and subjects the institution to the possibility of loss.  Loans in this category may or may not have specific valuation allowance assigned to the loan depending on conditions.
·         Rating 8:  This category includes loans classified as “Doubtful” which, based upon a variety of negative conditions, will more than likely result in a loss if a set of events do not occur.  These loans have specific valuation allowance to the extent of the calculated impairment.
·         Rating 9:  This category includes loans classified as “Loss” that are to be charged-off or charged-down because that repayment is uncertain or when the timing or value of payments cannot be determined.  This classification does not imply that the loan will never be paid, nor does it imply that there has been a forgiveness of debt, but does indicate that the value will not be carried on the books of the institution as an earning asset.
The loan portfolio, segmented by risk range at September 30, 2013, is shown below:
	Weighted Average Risk Grade
(in thousands)	4-Jan	6-May	9-Jul	Total Loans
Real estate:
Permanent:
One- to four-family	$ 16,417	$ 39	$ 276	$ 16,732
Multifamily	2,126	625	-	2,751
Commercial nonresidential	62,248	6,564	5,600	74,412
Land	6,618	-	1,426	8,044
Construction:
One- to four-family	4,948	-	-	4,948
Commercial nonresidential	993	-	-	993
Commercial business	25,243	1,468	506	27,217
Consumer:
Home equity	8,734	65	45	8,844
Boat	4,524	-	-	4,524
Automobile	772	-	-	772
Other	1,055	-	-	1,055
Total	$ 133,678	$ 8,761	$ 7,853	$ 150,292
The loan portfolio, segmented by risk range at December 31, 2012, is shown below:
	Weighted Average Risk Grade
(in thousands)	4-Jan	6-May	9-Jul	Total Loans
Real estate:
Permanent:
One- to four-family	$21,099	$ 43	$ 291	$21,433
Multifamily	2,369	639	-	3,008
Commercial non-	63,296	6,060	4,091	73,447
residential
Land	6,087	-	2,020	8,107
Construction:
One- to four-family	2,410	-	-	2,410
Commercial non-residential	607	-	-	607
Commercial business	20,763	606	1,876	23,245
Consumer:
Home equity	9,106	-	9	9,115
Boat	4,772	-	-	4,772
Automobile	773	-	-	773
Other	1,453	-	-	1,453
Total	$132,735	$ 7,348	$ 8,287	$148,370
The Bank’s Asset Classification Policy requires an ongoing quarterly assessment of the probable estimated losses in the portfolios.  The Bank’s Asset Classification Committee (“Committee”) reviews the following information to analyze the credit risk inherent in the Bank’s portfolio:
·         All loans classified during the previous analysis. Current information as to payment history or actions taken to correct the deficiency is reviewed, and if justified, the loan is no longer classified. If conditions have not improved, the loan classification is reviewed to ensure that the appropriate action is being taken to mitigate loss.
·         Growth and composition of the portfolio.  The Committee considers changes in composition of loan portfolio and the relative risk of these loan portfolios in assessing the adequacy of the allowance.
·         Historical loan losses.  The Committee reviews the Bank’s historical loan losses and historical industry losses in considering losses inherent in the Bank’s loan portfolio.
·         Past due loans.  The Committee reviews loans that are past due 30 days or more, taking into consideration the borrower, nature of the collateral and its value, the circumstances that have caused the delinquency, and the likelihood of the borrower correcting the conditions that have resulted in the delinquent status. The Committee may recommend more aggressive collection activity, inspection of the collateral, or no change in its classification.
·         Reports from the Bank’s managers and analysis of potential problem loans.  Lending managers may be aware of a borrower’s circumstances that have not yet resulted in any past due payments but has the potential for problems in the future.  Each lending manager reviews their respective lending unit’s loans and identifies any that may have developing weaknesses. This “self identification” process is an important component of maintaining credit quality, as each lender is accountable for monitoring as well as originating loans.
·         Current economic conditions. The Bank takes into consideration economic conditions in its market area, the state’s economy, and national economic factors that could influence the quality of the loan portfolio in general. The unique, isolated geography of the Bank’s market area of Southeast Alaska requires that each community’s economic activity be reviewed.  The Bank also reviews out of market economic data associated with participation loans and their respective markets.
·         Trends in the Bank’s delinquencies.  The Bank’s market area has seasonal trends and as a result, the portfolio tends to have similar fluctuations. Prior period statistics are reviewed and evaluated to determine if the current conditions exceed expected trends.
Our methodology for assessing the appropriateness of the allowance for loan loss reserves consists of several key elements, which include specific allowances for individual loans, general loan loss reserves and an unallocated allowance.  The amount that is to be added to the allowance for loan losses is based upon a variety of factors.  An important component is a loss percentage set for each major category of loan that is based upon the Bank’s past loss experience.  In certain instances, the Bank’s own loss experience has been minimal, and the related loss factor is modified based on consideration of published national loan loss data.  The loss percentages are also influenced by economic factors as well as management experience.
Each individual loan, previously classified by management or newly classified during the quarterly review, is evaluated for loss potential, and any specific estimates of impairment are added to the overall required reserve amount or charged-off.  As a result of the size of the Company, the size of the loan portfolio, and the relatively small number of classified loans, most members of the Committee are often familiar with the borrower, the collateral or the circumstances giving rise to the concerns.  For the remaining portion of the portfolio, comprised of “pass” loans, the loss percentages discussed above are applied to each loan category.
The calculated reserve amount as re-evaluated by management is compared to the actual amount recorded in the allowance at the end of each quarter, and a determination is made as to whether the allowance is adequate or needs to be increased.  Management’s determination of adequacy may be reflected as an adjustment to the reserve that is unallocated to a major category of loan.    The unallocated allowance is based upon our evaluation of various factors that are not directly measured in the determination of the general and specific allowances. The conditions evaluated by the Committee in connection with the unallocated allowance may include existing general economic and business conditions affecting the key lending areas of the Company, credit quality trends, collateral values, loan volumes and concentrations, specific industry conditions within portfolio segments, recent loss experience in particular segments of the portfolio, duration of the current business cycle, and regulatory examination results.
Management increases the amount of the allowance for loan losses by charges to income and decreases it by loans charged-off net of recoveries.
The following table details activity in the allowance for loan losses by class for the three months ended September 30, 2013.  Allocation of a portion of the allowance to one class of loans does not preclude its availability to absorb losses in other categories.
							Period end allowance amount allocated to:
(in thousands)	Beginning balance	Provision for loan losses	Charge-offs	Recoveries	Ending balance		Loans individually evaluated for impairment	Loans collectively evaluated for impairment
Real estate:
Permanent:
One-to-four-family	$ 40	$ (6)	$ -	$ -	$ 34		$ -	$ 34
Multifamily	16	-	-	-	16		-	16
Commercial nonresidential	1,024	113	(114)	-	1,023		473	550
Land	21	(1)	-	-	20		-	20
Construction:
One-to-four-family	11	2	-	-	13		-	13
Commercial nonresidential	7	(4)	-	-	3		-	3
Commercial business	142	-	(3)	-	139		-	139
Consumer:
Home equity	47	(2)	-	-	45		-	45
Boat	22	(20)	-	-	2		-	2
Automobile	3	(3)	-	-	-		-	-
Other	3	-	-	-	3		-	3
Unallocated	663	(19)	-	-	644		-	644
Total allowance for loan losses	$ 1,999	$ 60	$ (117)	$ -	$ 1,942		$ 473	$ 1,469
The following table details activity in the allowance for loan losses by class for the three months ended September 30, 2012.  Allocation of a portion of the allowance to one class of loans does not preclude its availability to absorb losses in other categories.
							Period end allowance amount allocated to:
(in thousands)	Beginning balance	Provision for loan losses	Charge offs	Recoveries	Ending balance		Loans individually evaluated for impairment	Loans collectively evaluated for impairment
Real estate:
Permanent:
One-to-four-family	$ 104	$ (11)	$ -	$ -	$ 93		$ -	$ 93
Multifamily	17	1	-	-	18		-	18
Commercial nonresidential	1,230	(106)	-	-	1,124		473	651
Land	13	32	(30)	-	15		-	15
Construction:
One-to-four-family	4	1	-	-	5		-	5
Commercial nonresidential	5	(2)	-	-	3		-	3
Commercial business	271	(133)	(19)	-	119		-	119
Consumer:
Home equity	37	(2)	-	-	35		-	35
Boat	30	(2)	-	-	28		-	28
Automobile	2	(1)	-	-	1		-	1
Other	2	-	-	-	2		-	2
Unallocated	129	283	-	-	412		-	412
Total allowance for loan losses	$ 1,844	$ 60	$ (49)	$ -	$ 1,855		$ 473	$ 1,382
The following table details activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2013.  Allocation of a portion of the allowance to one segment of loans does not preclude its availability to absorb losses in other categories.
(in thousands)	Beginning balance	Provision for loan losses	Charge- offs	Recoveries	Ending balance
Real estate:
Permanent:
One-to-four-family	$ 93	$ (59)	$ -	$ -	$ 34
Multifamily	17	(1)	-	-	16
Commercial non-residential	1,117	20	(114)	-	1,023
Land	15	5	-	-	20
Construction:
One-to-four-family	4	9	-	-	13
Commercial nonresidential	1	2	-	-	3
Commercial	107	32	-	-	139
Consumer:
Home equity	35	10	-	-	45
Boat	20	(18)	-	-	2
Automobile	1	(1)	-	-	-
Other	3	-	-	-	3
Unallocated	463	181	-	-	644
Total allowance for loan losses	$ 1,876	$ 180	$ (114)	$ -	$ 1,942
The following table details activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2012.  Allocation of a portion of the allowance to one segment of loans does not preclude its availability to absorb losses in other categories.
(in thousands)	Beginning balance	Provision for loan losses	Charge offs	Recoveries	Ending balance
Real estate:
Permanent:
One-to-four-family	$ 102	$ (9)	$ -	$ -	$ 93
Multifamily	5	13	-	-	18
Commercial non-residential	1,223	67	(166)	-	1,124
Land	13	32	(30)	-	15
Construction:
One-to-four-family	2	3	-	-	5
Commercial nonresidential	4	(1)	-	-	3
Commercial	216	(78)	(19)	-	119
Consumer:
Home equity	26	46	(37)	-	35
Boat	34	(8)	-	2	28
Automobile	2	(1)	-	-	1
Other	3	(1)	-	-	2
Unallocated	235	177	-	-	412
Total allowance for loan losses	$ 1,865	$ 240	$ (252)	$ 2	$ 1,855
The Company’s recorded investment in loans as of September 30, 2013 related to each balance in the allowance for loan losses by portfolio segment and disaggregated on the basis of the Company’s impairment methodology was as follows:
(in thousands)	Loans individually evaluated for impairment	Loans collectively evaluated for impairment	Ending Balance
Real estate:
Permanent:
One-to-four-family	$ 276	$ 16,456	$ 16,732
Multifamily	-	2,751	2,751
Commercial nonresidential	8,013	66,399	74,412
Land	1,426	6,618	8,044
Construction:
One-to-four-family	-	4,948	4,948
Commercial nonresidential	-	993	993
Commercial business	522	26,695	27,217
Consumer:
Home equity	45	8,799	8,844
Boat	-	4,524	4,524
Automobile	-	772	772
Other	-	1,055	1,055
Total loans	$ 10,282	$140,010	$150,292
The Company’s recorded investment in loans as of December 31, 2012 related to each balance in the allowance for loan losses by portfolio segment and disaggregated on the basis of the Company’s impairment methodology was as follows:
(in thousands)	Loans individually evaluated for impairment	Loans collectively evaluated for impairment	Ending Balance
Real estate:
Permanent:
One-to-four-family	$ 291	$21,142	$21,433
Multifamily	-	3,008	3,008
Commercial non-residential	7,363	66,084	73,447
Land	2,021	6,086	8,107
Construction:
One-to-four-family	-	2,410	2,410
Commercial non-residential	-	607	607
Commercial	1,898	21,347	23,245
Consumer:
Home equity	8	9,107	9,115
Boat	-	4,772	4,772
Automobile	-	773	773
Other	-	1,453	1,453
Total loans	$ 11,581	$136,789	$148,370

Note_7_Capital_Compliance

Note 7 - Capital Compliance	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 7 - Capital Compliance	'
	Note 7 – Capital Compliance
	The Bank is subject to minimum capital quantitative regulatory capital requirements imposed by regulation of the Office of the Comptroller of the Currency (“OCC”).  To be categorized as "well capitalized," the Bank must maintain minimum total risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table below, as of the date of filing of its quarterly report with the OCC. The Bank was considered “well capitalized” at both September 30, 2013 and December 31, 2012. There are no conditions or events since that notification that management believes have changed the Bank’s status.
	The Bank’s capital amounts and ratios as of September 30, 2013 and December 31, 2012 are presented in the following table:
				Minimum		Minimum
	(in thousands)	Actual		For Capital Adequacy Purposes		To be Well Capitalized
		Amount	Ratio	Amount	Ratio	Amount	Ratio
	September 30, 2013:
	Tier 1 Leverage Capital(1)	$20,637	11.31%	$7,296	4.00%	$9,120	5.00%
	Tier 1 Risk Based Capital(2)	$20,637	14.48%	$5,702	4.00%	$8,553	6.00%
	Total Risk-Based Capital(2)	$22,421	15.73%	$11,404	8.00%	$14,255	10.00%
	(1) Based on total adjusted assets of $182.4 million.
	(2) Based on risk weighted assets of $142.6 million.
	December 31, 2012:
	Tier 1 Leverage Capital(1)	$20,505	11.36%	$7,223	4.00%	$9,029	5.00%
	Tier 1 Risk Based Capital(2)	$20,505	14.92%	$5,497	4.00%	$8,245	6.00%
	Total Risk-Based Capital(2)	$22,225	16.17%	$10,994	8.00%	$13,742	10.00%
	(1) Based on total adjusted assets of $173.9 million.
	(2) Based on risk weighted assets of $139.9 million.

Note_8_Earnings_loss_Per_Share

Note 8 - Earnings (loss) Per Share	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 8 - Earnings (loss) Per Share	'
	Note 8 – Earnings Per Share
	Basic earnings per share (“EPS”) is computed by dividing net income by the weighted-average number of common shares outstanding during the period less treasury stock. Diluted EPS is calculated by dividing net income by the weighted-average number of common shares used to compute basic EPS plus the incremental amount of potential common stock from stock options, determined by the treasury stock method.
		Three Months Ended September 30,
	(in thousands except for per share data)	2013	2012
	Net income	$ 40	$ 123
	Preferred stock dividends	(59)	(60)
	Preferred stock discount accretion	(19)	(18)
	Net (loss) income available to common shareholders	$ (38)	$ 45
	Weighted average common shares issued	655	655
	Less treasury stock	(1)	(1)
	Weighted average common shares outstanding - basic	654	654
	Net incremental shares	116	91
	Weighted average common shares outstanding and incremental shares due to potentially dilutive common shares	770	745
	(Loss) earnings per common share
	Basic	$ (0.06)	$ 0.07
	Diluted	$ (0.06)	$ 0.06
		Nine Months Ended September 30,
		2013	2012
	Net income	$ 281	$ 156
	Preferred stock dividend accrual	(179)	(180)
	Preferred stock discount accretion	(58)	(54)
	Net income (loss) available to common shareholders	$ 44	$ (78)
	Weighted average common shares issued	655	655
	Less treasury stock	(1)	(1)
	Weighted average common shares outstanding - basic	654	654
	Net incremental shares	112	81
	Weighted average common shares outstanding and incremental shares due to potentially dilutive common shares	766	736
	Earnings (loss) per common share
	Basic	$ 0.07	$ (0.12)
	Diluted	$ 0.06	$ (0.12)
	Options to purchase an additional 15,700 shares of common stock were not included in the computation of diluted earnings per share for the three and nine months ended September 30, 2013 and 2012, respectively, because their exercise price resulted in them being anti-dilutive.  The warrant issued to the U.S. Treasury to purchase up to 175,772 shares of common stock was included in the computation of diluted EPS for the nine months ended September 30, 2013 and three months ended September 30, 2012, respectively, because the warrant’s exercise price was less than the average market price of the Company’s common shares during those periods. Diluted earnings per share are equal to basic earnings per share for the three months ended September 30, 2013 and nine months ended September 30, 2012 because there is no income available to common shareholders.

Note_9_Preferred_Stock

Note 9 - Preferred Stock	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 9 - Preferred Stock	'
	Note 9 – Preferred Stock
	On February 6, 2009, as part of the Troubled Asset Relief Program (“TARP”) Capital Purchase Program, the Company entered into a Letter Agreement and Securities Purchase Agreement (collectively, the “Purchase Agreement”) with the United States Department of the Treasury (“Treasury”), pursuant to which the Company sold (i) 4,781 shares of the Company’s Fixed Rate Cumulative Perpetual Preferred Stock, Series A (the “Series A Preferred Stock”), liquidation value $1,000 per share and (ii) a warrant (the “Warrant”) to purchase 175,772 shares of the Company’s common stock, par value $0.01 per share, for an aggregate issuance price of $4.8 million in cash.
	On November 29, 2012, all of the Series A Preferred Stock issued to Treasury was sold by Treasury as part of its efforts to manage and recover its investments under TARP.  While the sale of these preferred shares to new owners did not result in any proceeds to the Company and did not change the Company's capital position or accounting for these securities, it did eliminate restrictions put in place by Treasury on TARP recipients.  The Treasury retained its related warrants to purchase up to 175,772 shares of the Company’s common stock.
	The Series A Preferred Stock qualifies as Tier 1 capital and is entitled to cumulative dividends at a rate of 5% per annum for the first five years, and 9% per annum thereafter. The Series A Preferred Stock may be redeemed by the Company at any time. The Warrant has a 10-year term and is immediately exercisable upon its issuance, with an exercise price, subject to anti-dilution adjustments, equal to $4.08 per share of the common stock.  Treasury has agreed not to exercise voting power with respect to any shares of common stock issued upon exercise of the Warrant that it holds.
	In accordance with the relevant accounting pronouncements, the Company recorded the Series A Preferred Stock and Warrants within the Stockholders’ Equity line item included on its Condensed Consolidated Balance Sheets, included in this Quarterly Report on Form 10-Q. The Series A Preferred Stock and Warrants were initially recognized based on their relative fair values at the date of issuance. As a result, the Series A Preferred Stock’s carrying value is at a discount to the liquidation value or stated value. In accordance with the SEC’s Staff Accounting Bulletin No. 68, Increasing Rate Preferred Stock, the discount is considered an unstated dividend cost that is amortized over the period preceding commencement of the perpetual dividend using the effective interest method, by charging the imputed dividend cost against retained earnings and increasing the carrying amount of the Series A Preferred Stock by a corresponding amount. The discount is therefore being amortized over five years using a 6.71% effective interest rate. The total stated dividends (whether or not declared) and unstated dividend cost combined represents a period’s total preferred stock dividend, which is deducted from net income to arrive at net income available to common shareholders on the Condensed Consolidated Statements of Income.
	The Series A Preferred Stock and Warrants were initially recognized based on their relative fair values at the date of issuance in accordance with Accounting Standards Update (“ASU”) 470-20, Debt with Conversion and Other Topics.  As a result, the value allocated to the Warrant is different than the estimated fair value of the Warrant as of the grant date. The following assumptions were used to determine the fair value of the Warrant as of the grant date:
	Dividend yield 1.50%
	Expected life (years) 10.0
	Expected volatility 37%
	Risk-free rate 3.05%
	Fair value per warrant at grant date $ 4.15

Note_10_Commitments

Note 10 - Commitments	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 10 - Commitments	'
	Note 10 – Commitments
	Commitments to extend credit, including unused lines of credit, totaled $10.2 million and $11.7 million at September 30, 2013 and December 31, 2012, respectively.  Commitments to extend credit are arrangements to lend to a customer as long as there is no violation of any condition established in the contract.  Commitments generally have fixed expiration dates (of less than one year) or other termination clauses and may require payment of a fee by the customer.  Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements.  The Bank evaluates creditworthiness for commitments on an individual customer basis.
	Undisbursed loan proceeds, primarily for real estate construction loans, totaled $4.0 million and $4.2 million at September 30, 2013 and December 31, 2012, respectively.  These amounts are excluded from loan balances.

Note_3_Mortgage_Loan_Servicing1

Note 3 - Mortgage Loan Servicing: Schedule of Key Assumptions used in measuring the fair value of Mortgate Servicing Rights (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Key Assumptions used in measuring the fair value of Mortgate Servicing Rights	'
		September 30,
		2013	2012
	Constant prepayment rate	17.80%	18.56%
	Discount rate	8.05%	8.08%
	Weighted average life (years)	23.1	23.6

Note_3_Mortgage_Loan_Servicing2

Note 3 - Mortgage Loan Servicing: Schedule of Change in the balance of mortgage servicing assets (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Change in the balance of mortgage servicing assets	'
		Three Months Ended September 30,		Nine Months Ended September 30,
	(in thousands)	2013	2012	2013	2012
	Balance beginning of period	$1,097	$1,085	$1,063	$1,098
	Change in fair value:
	Due to additions to servicing assets	92	78	298	253
	Due to payoffs of servicing assets	(54)	(76)	(240)	(215)
	Fair value adjustment	77	(85)	91	(134)
	Total change in fair value	115	(83)	149	(96)
	Balance end of period	$1,212	$1,002	$1,212	$1,002

Note_4_Fair_Value_Measurements1

Note 4 - Fair Value Measurements: Fair Value, Assets Measured on Recurring and Nonrecurring Basis (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Fair Value, Assets Measured on Recurring and Nonrecurring Basis	'
	(in thousands)	Fair Value	Quoted Prices in Active Markets for Identical Instruments (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs
					(Level 3)
	September 30, 2013:
	Recurring:
	Available for sale securities:
	Mortgage-backed securities	$ 1,344	$ -	$ 1,344	$ -
	Municipal securities	1,352	-	1,352	-
	U.S. government agencies	2,993	994	1,999	-
	Mortgage servicing rights	1,212	-	-	1,212
	Non-recurring:
	Impaired loans *	3,478	-	-	3,478
	Real estate owned and repossessed assets	1,374	-	-	1,374
	December 31, 2012:
	Recurring:
	Available for sale securities:
	Mortgage-backed securities	$ 1,768	$ -	$ 1,768	$ -
	Municipal securities	1,409	-	1,409	-
	U.S. government agencies	1,076	1,009	67	-
	Mortgage servicing rights	1,063	-	-	1,063
	Non-recurring:
	Impaired loans *	2,693	-	-	2,693
	Real estate owned and repossessed assets	344	-	-	344
	*Includes impaired loans with partial charge offs or specific reserves.

Note_4_Fair_Value_Measurements2

Note 4 - Fair Value Measurements: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	'
	Mortgage Servicing Rights	Three Months Ended September 30,	Three Months Ended September 30,	Nine Months Ended September 30,	Nine Months Ended September 30,
	(in thousands)	2013	2012	2013	2012
	Balance beginning of period	$ 1,097	$ 1,085	$ 1,063	$ 1,098
	Additions to servicing assets	92	78	298	253
	Disposals of servicing assets	(54)	(76)	(240)	(215)
	Fair value adjustment	77	(85)	91	(134)
	Balance end of period	$ 1,212	$ 1,002	$ 1,212	$ 1,002

Note_4_Fair_Value_Measurements3

Note 4 - Fair Value Measurements: Schedule of Significant unobservable inputs used in the fair value measurements of assets and liabilities (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Significant unobservable inputs used in the fair value measurements of assets and liabilities	'
		Fair Value at September 30, 2013	Valuation Technique	Significant	Range
		(in thousands)		Unobservable
				Inputs
	Mortgage servicing	$ 1,212	Discounted Cash Flow	Constant Prepayment Rate Range	14.2% - 27.5%
	rights
				Discount Rate Range	7.5% - 9.0%
	Impaired loans	$ 3,478	Appraised value less cost to sell, net of discount	Discount Rate Range	10% - 30%
	Real estate	$ 1,374	Appraised value less cost to sell, net of discount	Discount Rate Range	10% - 30%
	owned and
	repossessed
	assets

Note_4_Fair_Value_Measurements4

Note 4 - Fair Value Measurements: Schedule of Estimated fair values of the Company's financial instruments (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Estimated fair values of the Company's financial instruments	'
	(in thousands)		Fair Value Measurements at September 30, 2013
			Level 1	Level 2	Level 3	Total
		Carrying
		Amount
	Financial Assets
	Cash and cash equivalents	$ 20,009	$ 20,009	$ -	$ -	$ 20,009
	Investment securities available for sale	5,689	994	4,695	-	5,689
	Federal Home Loan Bank stock	1,705	-	1,705	-	1,705
	Loans held for sale	105	-	105	-	105
	Loans, excluding held for sale, net	147,759	-	-	137,974	137,974
	Interest receivable	528	-	528	-	528
	Mortgage servicing rights	1,212	-	-	1,212	1,212
	Financial Liabilities
	Demand and savings deposits	133,335	-	133,335	-	133,335
	Certificates of deposit	27,946	-	27,659	-	27,659
	Interest payable	109	-	109	-	109
	(in thousands)		Fair Value Measurements at December 31, 2012
		Carrying	Level 1	Level 2	Level 3	Total
		Amount
	Financial Assets
	Cash and cash equivalents	$ 18,751	$ 18,751	$ -	$ -	$ 18,751
	Investment securities available for sale	4,253	1,009	3,244	-	4,253
	Federal Home Loan Bank stock	1,752	-	1,752	-	1,752
	Loans held for sale	3,247	-	3,247	-	3,247
	Loans, excluding held for sale, net	146,494	-	-	134,680	134,680
	Interest receivable	602	-	602	-	602
	Mortgage servicing rights	1,063	-	-	1,063	1,063
	Financial Liabilities
	Demand and savings deposits	127,711	-	127,711	-	127,711
	Certificates of deposit	28,770	-	28,598	-	28,598
	Federal Home Loan Bank advances	3,000	-	3,274	-	3,274
	Interest payable	88	-	88	-	88

Note_5_Investment_Securities_A1

Note 5 - Investment Securities Available For Sale: Schedule of Available for Sale Securities (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Available for Sale Securities	'
		Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Fair
	(in thousands)				Value
	September 30, 2013:
	Mortgage-backed securities	$1,265	$ 79	$ -	$1,344
	Municipal securities	1,335	18	(1)	1,352
	U.S. government agencies	3,058	2	(67)	2,993
	Total	$5,658	$99	$(68)	$ 5,689
	December 31, 2012:
	Mortgage-backed securities	$1,657	$111	$-	$1,768
	Municipal securities	1,350	59	-	1,409
	U.S. government agencies	1,065	11	-	1,076
	Total	$4,072	$181	$ -	$4,253

Note_5_Investment_Securities_A2

Note 5 - Investment Securities Available For Sale: Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	'
		Unrealized losses		Unrealized losses 12 months or more		Total
		less than 12 months
	(in thousands)	Fair Value	Unrealized Losses	Fair Value	Unrealized Losses	Fair Value	Unrealized Losses
	Municipal securities	$ 251	$ (1)	$ -	$ -	$ 251	$ (1)
	U.S. government agencies	2,933	(67)	-	-	2,933	(67)
	Total	$3,184	$ (68)	$ -	$ -	$3,184	$(68)

Note_5_Investment_Securities_A3

Note 5 - Investment Securities Available For Sale: Schedule of fair value and amortized cost of investment securities (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of fair value and amortized cost of investment securities	'
	in	Fair Value Mortgage- Backed Securities	Amortized Cost Mortgage- Backed Securities	Fair Value Municipal Securities	Amortized Cost Municipal Securities	Fair Value U.S Government Agencies	Amortized Cost U.S Government Agencies
	thousands
	Maturing within 1 to 5 years	$ 63	$ 61	$-	$-	$ 495	$ 500
	Maturing between 5 and 10 years	483	458	1,352	1,335	2,012	2,058
	Maturing beyond 10 years	798	746	-	-	486	500
	Total	$1,344	$1,265	$1,352	$1,335	$2,993	$3,058

Note_6_Loans_Schedule_of_Loans

Note 6 - Loans: Schedule of Loans (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Loans	'
	(in thousands)	September 30,	31-Dec-12
		2013
	Real estate:
	Permanent:
	One- to four-family	$16,732	$21,433
	Multifamily	2,751	3,008
	Commercial nonresidential	74,412	73,447
	Land	8,044	8,107
	Construction:
	One- to four-family	4,948	2,410
	Commercial nonresidential	993	607
	Commercial business	27,217	23,245
	Consumer:
	Home equity	8,844	9,115
	Boat	4,524	4,772
	Automobile	772	773
	Other	1,055	1,453
	Total loans	$150,292	$148,370

Note_6_Loans_Impaired_Financin

Note 6 - Loans: Impaired Financing Receivables (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Impaired Financing Receivables	'
	Impaired loans are set forth in the following table as of September 30, 2013:
	(in thousands)	Unpaid Contractual Principal Balance	Recorded Investment With No Allowance	Recorded Investment With Allowance	Total Recorded Investment	Related Allowance
	Real estate:
	Permanent:
	One- to four-family	$ 296	$ 276	$ -	$ 276	$ -
	Commercial nonresidential	8,615	5,696	2,317	8,013	473
	Land	1,426	1,426	-	1,426	-
	Commercial business	522	522	-	522	-
	Consumer:
	Home equity	45	45	-	45	-
	Total	$ 10,904	$ 7,965	$ 2,317	$ 10,282	$ 473
	Impaired loans are set forth in the following table as of December 31, 2012.
	(in thousands)	Unpaid	Recorded Investment With No Allowance	Recorded Investment With Allowance	Total Recorded Investment	Related Allowance
		Contractual
		Principal Balance
	Real estate:
	Permanent:
	One- to four-family	$ 300	$ 291	$ -	$ 291	$ -
	Commercial non-residential	7,724	4,964	2,399	7,363	473
	Land	2,021	2,021	-	2,021	-
	Commercial business	1,898	1,898	-	1,898	-
	Consumer:
	Home equity	8	8	-	8	-
	Total	$ 11,951	$ 9,182	$ 2,399	$ 11,581	$ 473

Note_6_Loans_Schedule_of_inter

Note 6 - Loans: Schedule of interest income recognized and average recorded investment of impaired loans (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of interest income recognized and average recorded investment of impaired loans	'
	The following table presents interest income recognized and average recorded investment of impaired loans for the period ended:
		Three Months Ended		Three Months Ended
		30-Sep-13		30-Sep-12
	(in thousands)	Interest Income Recognized	Average Recorded Investment	Interest Income Recognized	Average Recorded Investment
	Real estate:
	Permanent:
	One- to four-family	$ -	$ 279	$ -	$ 223
	Commercial nonresidential	54	8,133	73	7,126
	Land	34	1,698	26	2,114
	Commercial business	11	539	3	1,546
	Consumer:
	Home equity	-	27	-	60
	Total	$ 99	$ 10,676	$ 102	$ 11,069
		Nine Months Ended		Nine Months Ended
		30-Sep-13		30-Sep-12
	(in thousands)	Interest Income Recognized	Average Recorded Investment	Interest Income Recognized	Average Recorded Investment
	Real estate:
	Permanent:
	One- to four-family	$ -	$ 284	$ -	$ 149
	Multifamily	-	-	5	218
	Commercial nonresidential	154	7,999	212	7,209
	Land	93	1,859	62	2,150
	Commercial business	32	860	14	1,578
	Consumer:
	Home equity	-	17	1	53
	Total	$ 279	$ 11,019	$ 294	$ 11,357

Note_6_Loans_Schedule_of_Nonac

Note 6 - Loans: Schedule of Nonaccrual Loans (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Nonaccrual Loans	'
	Nonaccrual loans at September 30, 2013 and December 31, 2012, were as follows:
		September 30,	December 31,
	(in thousands)	2013	2012
	Real Estate:
	One- to four-family	$276	$291
	Commercial nonresidential	5,468	3,953
	Commercial business	98	1,427
	Consumer:
	Home equity	45	8
	Total	$5,887	$5,679

Note_6_Loans_Schedule_of_accru

Note 6 - Loans: Schedule of accrual status of troubled debt restructurings (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of accrual status of troubled debt restructurings	'
	The following table presents the accrual status of troubled debt restructurings as of September 30, 2013:
		Number of Contracts	Accrual Status	Non-Accrual Status	Total Modifications
	(dollars in thousands)
	Real Estate:
	One-to-four-family	1	$ -	$ 276	$ 276
	Commercial nonresidential	12	2,395	4,287	6,682
	Land	1	347	-	347
	Commercial business	3	52	-	52
	Consumer:
	Home equity	1	-	45	45
	Total	18	$2,794	$4,608	$7,402
	The following table presents the accrual status of troubled debt restructurings as of December 31, 2012:
	(dollars in thousands)	Number of Contracts	Accrual Status	Non-Accrual Status	Total Modifications
	Real Estate:
	One-to-four-family	1	$ -	$ 291	$ 291
	Commercial nonresidential	11	3,253	3,734	6,987
	Land	1	400	-	400
	Commercial business	3	107	1,427	1,534
	Total	16	$3,760	$5,452	$9,212

Note_6_Loans_Schedule_of_Newly

Note 6 - Loans: Schedule of Newly Restructured Loans (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Newly Restructured Loans	'
	The following table presents newly restructured loans that occurred during the three months ended September 30, 2013:
	(dollars in thousands)	Number of Contracts
			Combination Modification
	Consumer:
	Home equity	1	$45
	The following table presents newly restructured loans that occurred during the nine months ended September 30, 2013:
	(dollars in thousands)	Number of Contracts	Payment Modification
	Commercial business	1	$11
	Real Estate:
	Commercial nonresidential	1	$535
	Consumer:
	Home equity	1	$45
	There were no newly restructured loans that occurred during the three months ended September 30, 2012.
	The following tables present newly restructured loans that occurred during the nine months ended September 30, 2012:
	(dollars in thousands)	Number of Contracts	Payment Modification
	Real Estate:
	Commercial nonresidential	1	$ 537

Note_6_Loans_Age_Analysis_of_P

Note 6 - Loans: Age Analysis of Past Due Loans (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Age Analysis of Past Due Loans	'
	(in thousands)	Loans	Loans	Loans	Total	Current Loans	Total Loans	Accruing Loans 90 or More Days Past Due
		30-59 Days Past Due	60-89 Days Past Due	90 or More Days Past Due	Past Due Loans
	Real estate:
	Permanent:
	One- to four-family	$149	$ -	$ -	$149	$ 16,583	$ 16,732	$ -
	Multifamily	-	-	-	-	2,751	2,751	-
	Commercial nonresidential	-	-	1,633	1,633	72,779	74,412	-
	Land	-	-	-	-	8,044	8,044	-
	Construction:
	One- to four-family	-	-	-	-	4,948	4,948	-
	Commercial nonresidential	-	-	-	-	993	993	-
	Commercial business	27	-	-	27	27,190	27,217	-
	Consumer:
	Home equity	-	-	-	-	8,844	8,844	-
	Boat	-	-	-	-	4,524	4,524	-
	Automobile	-	-	-	-	772	772	-
	Other	-	-	-	-	1,055	1,055	-
	Total	$ 176	$-	$ 1,633	$1,809	$148,483	$150,292	$ -
	An age analysis of past due loans, segregated by class of loans, as of December 31, 2012 were as follows:
	(in thousands)	Loans 30-59 Days Past Due	Loans 60 -89 Days Past Due	Loans 90 or More Days Past Due	Total Past Due Loans	Current Loans	Total Loans	Accruing Loans 90 or More Days Past Due
	Real estate:
	Permanent:
	One- to four-family	$-	$18	$ -	$18	$21,415	$21,433	$ -
	Multifamily	-	-	-	-	3,008	3,008	-
	Commercial non-	-	-	3,356	3,356	70,091	73,447	1,839
	residential
	Land	-	-	-	-	8,107	8,107	-
	Construction:
	One- to four-family	-	-	-	-	2,410	2,410	-
	Commercial non-	-	-	-	-	607	607	-
	residential
	Commercial business	11	102	1,427	1,540	21,705	23,245	-
	Consumer:
	Home equity	23	-	8	31	9,084	9,115	-
	Boat	15	-	-	15	4,757	4,772	-
	Automobile	1	-	-	1	772	773	-
	Other	-	-	-	-	1,453	1,453	-
	Total	$ 50	$120	$ 4,791	$ 4,961	$ 143,409	$148,370	$ 1,839

Note_6_Loans_Loan_Portfolio_se

Note 6 - Loans: Loan Portfolio, segmented by risk range (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Loan Portfolio, segmented by risk range	'
	The loan portfolio, segmented by risk range at September 30, 2013, is shown below:
		Weighted Average Risk Grade
	(in thousands)	4-Jan	6-May	9-Jul	Total Loans
	Real estate:
	Permanent:
	One- to four-family	$ 16,417	$ 39	$ 276	$ 16,732
	Multifamily	2,126	625	-	2,751
	Commercial nonresidential	62,248	6,564	5,600	74,412
	Land	6,618	-	1,426	8,044
	Construction:
	One- to four-family	4,948	-	-	4,948
	Commercial nonresidential	993	-	-	993
	Commercial business	25,243	1,468	506	27,217
	Consumer:
	Home equity	8,734	65	45	8,844
	Boat	4,524	-	-	4,524
	Automobile	772	-	-	772
	Other	1,055	-	-	1,055
	Total	$ 133,678	$ 8,761	$ 7,853	$ 150,292
	The loan portfolio, segmented by risk range at December 31, 2012, is shown below:
		Weighted Average Risk Grade
	(in thousands)	4-Jan	6-May	9-Jul	Total Loans
	Real estate:
	Permanent:
	One- to four-family	$21,099	$ 43	$ 291	$21,433
	Multifamily	2,369	639	-	3,008
	Commercial non-	63,296	6,060	4,091	73,447
	residential
	Land	6,087	-	2,020	8,107
	Construction:
	One- to four-family	2,410	-	-	2,410
	Commercial non-residential	607	-	-	607
	Commercial business	20,763	606	1,876	23,245
	Consumer:
	Home equity	9,106	-	9	9,115
	Boat	4,772	-	-	4,772
	Automobile	773	-	-	773
	Other	1,453	-	-	1,453
	Total	$132,735	$ 7,348	$ 8,287	$148,370

Note_6_Loans_Allowance_for_Cre

Note 6 - Loans: Allowance for Credit Losses on Financing Receivables (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Allowance for Credit Losses on Financing Receivables	'
							Period end allowance amount allocated to:
	(in thousands)	Beginning balance	Provision for loan losses	Charge-offs	Recoveries	Ending balance	Loans individually evaluated for impairment	Loans collectively evaluated for impairment
	Real estate:
	Permanent:
	One-to-four-family	$ 40	$ (6)	$ -	$ -	$ 34	$ -	$ 34
	Multifamily	16	-	-	-	16	-	16
	Commercial nonresidential	1,024	113	(114)	-	1,023	473	550
	Land	21	(1)	-	-	20	-	20
	Construction:
	One-to-four-family	11	2	-	-	13	-	13
	Commercial nonresidential	7	(4)	-	-	3	-	3
	Commercial business	142	-	(3)	-	139	-	139
	Consumer:
	Home equity	47	(2)	-	-	45	-	45
	Boat	22	(20)	-	-	2	-	2
	Automobile	3	(3)	-	-	-	-	-
	Other	3	-	-	-	3	-	3
	Unallocated	663	(19)	-	-	644	-	644
	Total allowance for loan losses	$ 1,999	$ 60	$ (117)	$ -	$ 1,942	$ 473	$ 1,469
	The following table details activity in the allowance for loan losses by class for the three months ended September 30, 2012.  Allocation of a portion of the allowance to one class of loans does not preclude its availability to absorb losses in other categories.
							Period end allowance amount allocated to:
	(in thousands)	Beginning balance	Provision for loan losses	Charge offs	Recoveries	Ending balance	Loans individually evaluated for impairment	Loans collectively evaluated for impairment
	Real estate:
	Permanent:
	One-to-four-family	$ 104	$ (11)	$ -	$ -	$ 93	$ -	$ 93
	Multifamily	17	1	-	-	18	-	18
	Commercial nonresidential	1,230	(106)	-	-	1,124	473	651
	Land	13	32	(30)	-	15	-	15
	Construction:
	One-to-four-family	4	1	-	-	5	-	5
	Commercial nonresidential	5	(2)	-	-	3	-	3
	Commercial business	271	(133)	(19)	-	119	-	119
	Consumer:
	Home equity	37	(2)	-	-	35	-	35
	Boat	30	(2)	-	-	28	-	28
	Automobile	2	(1)	-	-	1	-	1
	Other	2	-	-	-	2	-	2
	Unallocated	129	283	-	-	412	-	412
	Total allowance for loan losses	$ 1,844	$ 60	$ (49)	$ -	$ 1,855	$ 473	$ 1,382
	The following table details activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2013.  Allocation of a portion of the allowance to one segment of loans does not preclude its availability to absorb losses in other categories.
	(in thousands)	Beginning balance	Provision for loan losses	Charge- offs	Recoveries	Ending balance
	Real estate:
	Permanent:
	One-to-four-family	$ 93	$ (59)	$ -	$ -	$ 34
	Multifamily	17	(1)	-	-	16
	Commercial non-residential	1,117	20	(114)	-	1,023
	Land	15	5	-	-	20
	Construction:
	One-to-four-family	4	9	-	-	13
	Commercial nonresidential	1	2	-	-	3
	Commercial	107	32	-	-	139
	Consumer:
	Home equity	35	10	-	-	45
	Boat	20	(18)	-	-	2
	Automobile	1	(1)	-	-	-
	Other	3	-	-	-	3
	Unallocated	463	181	-	-	644
	Total allowance for loan losses	$ 1,876	$ 180	$ (114)	$ -	$ 1,942
	The following table details activity in the allowance for loan losses by portfolio segment for the nine months ended September 30, 2012.  Allocation of a portion of the allowance to one segment of loans does not preclude its availability to absorb losses in other categories.
	(in thousands)	Beginning balance	Provision for loan losses	Charge offs	Recoveries	Ending balance
	Real estate:
	Permanent:
	One-to-four-family	$ 102	$ (9)	$ -	$ -	$ 93
Multifamily	5	13	-	-	18
Commercial non-residential	1,223	67	(166)	-	1,124
Land	13	32	(30)	-	15
Construction:
One-to-four-family	2	3	-	-	5
Commercial nonresidential	4	(1)	-	-	3
Commercial	216	(78)	(19)	-	119
Consumer:
Home equity	26	46	(37)	-	35
Boat	34	(8)	-	2	28
Automobile	2	(1)	-	-	1
Other	3	(1)	-	-	2
Unallocated	235	177	-	-	412
Total allowance for loan losses	$ 1,865	$ 240	$ (252)	$ 2	$ 1,855

Note_6_Loans_Schedule_of_recor

Note 6 - Loans: Schedule of recorded investment in loans related to each balance in the allowance for loan losses by portfolio segment and disaggregated on the basis of the Company's impairment methodology (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of recorded investment in loans related to each balance in the allowance for loan losses by portfolio segment and disaggregated on the basis of the Company's impairment methodology	'
	(in thousands)	Loans individually evaluated for impairment	Loans collectively evaluated for impairment	Ending Balance
	Real estate:
	Permanent:
	One-to-four-family	$ 276	$ 16,456	$ 16,732
	Multifamily	-	2,751	2,751
	Commercial nonresidential	8,013	66,399	74,412
	Land	1,426	6,618	8,044
	Construction:
	One-to-four-family	-	4,948	4,948
	Commercial nonresidential	-	993	993
	Commercial business	522	26,695	27,217
	Consumer:
	Home equity	45	8,799	8,844
	Boat	-	4,524	4,524
	Automobile	-	772	772
	Other	-	1,055	1,055
	Total loans	$ 10,282	$140,010	$150,292
	The Company’s recorded investment in loans as of December 31, 2012 related to each balance in the allowance for loan losses by portfolio segment and disaggregated on the basis of the Company’s impairment methodology was as follows:
	(in thousands)	Loans individually evaluated for impairment	Loans collectively evaluated for impairment	Ending Balance
	Real estate:
	Permanent:
	One-to-four-family	$ 291	$21,142	$21,433
	Multifamily	-	3,008	3,008
	Commercial non-residential	7,363	66,084	73,447
	Land	2,021	6,086	8,107
	Construction:
	One-to-four-family	-	2,410	2,410
	Commercial non-residential	-	607	607
	Commercial	1,898	21,347	23,245
	Consumer:
	Home equity	8	9,107	9,115
	Boat	-	4,772	4,772
	Automobile	-	773	773
	Other	-	1,453	1,453
	Total loans	$ 11,581	$136,789	$148,370

Note_7_Capital_Compliance_Sche

Note 7 - Capital Compliance: Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	'
				Minimum		Minimum
	(in thousands)	Actual		For Capital Adequacy Purposes		To be Well Capitalized
		Amount	Ratio	Amount	Ratio	Amount	Ratio
	September 30, 2013:
	Tier 1 Leverage Capital(1)	$20,637	11.31%	$7,296	4.00%	$9,120	5.00%
	Tier 1 Risk Based Capital(2)	$20,637	14.48%	$5,702	4.00%	$8,553	6.00%
	Total Risk-Based Capital(2)	$22,421	15.73%	$11,404	8.00%	$14,255	10.00%
	(1) Based on total adjusted assets of $182.4 million.
	(2) Based on risk weighted assets of $142.6 million.
	December 31, 2012:
	Tier 1 Leverage Capital(1)	$20,505	11.36%	$7,223	4.00%	$9,029	5.00%
	Tier 1 Risk Based Capital(2)	$20,505	14.92%	$5,497	4.00%	$8,245	6.00%
	Total Risk-Based Capital(2)	$22,225	16.17%	$10,994	8.00%	$13,742	10.00%
	(1) Based on total adjusted assets of $173.9 million.
	(2) Based on risk weighted assets of $139.9 million.

Note_8_Earnings_loss_Per_Share1

Note 8 - Earnings (loss) Per Share: Schedule of Calculation of Numerator and Denominator in Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Calculation of Numerator and Denominator in Earnings Per Share	'
		Three Months Ended September 30,
	(in thousands except for per share data)	2013	2012
	Net income	$ 40	$ 123
	Preferred stock dividends	(59)	(60)
	Preferred stock discount accretion	(19)	(18)
	Net (loss) income available to common shareholders	$ (38)	$ 45
	Weighted average common shares issued	655	655
	Less treasury stock	(1)	(1)
	Weighted average common shares outstanding - basic	654	654
	Net incremental shares	116	91
	Weighted average common shares outstanding and incremental shares due to potentially dilutive common shares	770	745
	(Loss) earnings per common share
	Basic	$ (0.06)	$ 0.07
	Diluted	$ (0.06)	$ 0.06
		Nine Months Ended September 30,
		2013	2012
	Net income	$ 281	$ 156
	Preferred stock dividend accrual	(179)	(180)
	Preferred stock discount accretion	(58)	(54)
	Net income (loss) available to common shareholders	$ 44	$ (78)
	Weighted average common shares issued	655	655
	Less treasury stock	(1)	(1)
	Weighted average common shares outstanding - basic	654	654
	Net incremental shares	112	81
	Weighted average common shares outstanding and incremental shares due to potentially dilutive common shares	766	736
	Earnings (loss) per common share
	Basic	$ 0.07	$ (0.12)
	Diluted	$ 0.06	$ (0.12)

Note_3_Mortgage_Loan_Servicing3

Note 3 - Mortgage Loan Servicing (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Details	'	'
Unpaid principal balance of loans serviced for	$144.50	$138.80

Note_3_Mortgage_Loan_Servicing4

Note 3 - Mortgage Loan Servicing: Schedule of Key Assumptions used in measuring the fair value of Mortgate Servicing Rights (Details) (Mortgage Loan Servicing)	0 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Mortgage Loan Servicing	'	'
Constant prepayment rate	17.80%	18.56%
Fair Value Inputs, Discount Rate	8.05%	8.08%
Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Weighted Average Life	'23 years 1 month 6 days	'23 years 7 months 6 days

Note_3_Mortgage_Loan_Servicing5

Note 3 - Mortgage Loan Servicing: Schedule of Change in the balance of mortgage servicing assets (Details) (Mortgage Loan Servicing, USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Mortgage Loan Servicing	'	'	'	'
Financing Receivable, Starting Balance	$1,097	$1,085	$1,063	$1,098
Financing Receivable - Additions	92	78	298	253
Financing Receivable - Payoffs	-54	-76	-240	-215
Financing Receivable - Fair Value Adjustment	77	-85	91	-134
Financing Receivable - Total Change	115	-83	149	-96
Financing Receivable, Ending Balance	$1,212	$1,002	$1,212	$1,002

Note_4_Fair_Value_Measurements5

Note 4 - Fair Value Measurements: Fair Value, Assets Measured on Recurring and Nonrecurring Basis (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Collateralized Mortgage Backed Securities	'	'
Assets, Fair Value Disclosure	$1,344	$1,768
US States and Political Subdivisions Debt Securities	'	'
Assets, Fair Value Disclosure	1,352	1,409
US Government-sponsored Enterprises Debt Securities	'	'
Assets, Fair Value Disclosure	2,993	1,076
Mortgage Servicing Rights	'	'
Assets, Fair Value Disclosure	1,212	1,063
Impaired Loans	'	'
Assets, Fair Value Disclosure	3,478	2,693	[1]
Real estate owned and repossessed assets	'	'
Assets, Fair Value Disclosure	1,374	344
Fair Value, Inputs, Level 1 | US Government-sponsored Enterprises Debt Securities	'	'
Assets, Fair Value Disclosure	994	1,009
Fair Value, Inputs, Level 2 | Collateralized Mortgage Backed Securities	'	'
Assets, Fair Value Disclosure	1,344	1,768
Fair Value, Inputs, Level 2 | US States and Political Subdivisions Debt Securities	'	'
Assets, Fair Value Disclosure	1,352	1,409
Fair Value, Inputs, Level 2 | US Government-sponsored Enterprises Debt Securities	'	'
Assets, Fair Value Disclosure	1,999	67
Fair Value, Inputs, Level 3 | Mortgage Servicing Rights	'	'
Assets, Fair Value Disclosure	1,212	1,063
Fair Value, Inputs, Level 3 | Impaired Loans	'	'
Assets, Fair Value Disclosure	3,478	2,693	[1]
Fair Value, Inputs, Level 3 | Real estate owned and repossessed assets	'	'
Assets, Fair Value Disclosure	$1,374	$344
[1]	Includes impaired loans with partial charge offs or specific reserves.

Note_4_Fair_Value_Measurements6

Note 4 - Fair Value Measurements: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) (Mortgage Servicing Rights, USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Mortgage Servicing Rights	'	'	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Beginning Balance	$1,097	$1,085	$1,063	$1,098
Fair Value Measurement with Unobservable Inputs Reconciliation - Additions to servicing assets, net	92	78	298	253
Fair Value Measurement with Unobservable Inputs Reconciliation - Disposals of servicing assets	-54	-76	-240	-215
Fair Value Measurement with Unobservable Inputs Reconciliation - Fair Value Adjustment	77	-85	91	-134
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	$1,212	$1,002	$1,212	$1,002

Note_4_Fair_Value_Measurements7

Note 4 - Fair Value Measurements: Schedule of Significant unobservable inputs used in the fair value measurements of assets and liabilities (Details) (USD $)	0 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Jun. 30, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Dec. 31, 2011
Mortgage Servicing Rights	'	'	'	'	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	$1,212	$1,097	$1,063	$1,002	$1,085	$1,098
Fair Value Measurements, Valuation Techniques	'Discounted Cash Flow	'	'	'	'	'
Mortgage Servicing Rights | Minimum	'	'	'	'	'	'
Significant Unobservable Input - Weighted Average Constant Prepayment Rate	14.20%	'	'	'	'	'
Significant Unobservable Input - Weighted Average Discount Rate	7.50%	'	'	'	'	'
Mortgage Servicing Rights | Maximum	'	'	'	'	'	'
Significant Unobservable Input - Weighted Average Constant Prepayment Rate	27.50%	'	'	'	'	'
Significant Unobservable Input - Weighted Average Discount Rate	9.00%	'	'	'	'	'
Impaired Loans	'	'	'	'	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	3,478	'	'	'	'	'
Fair Value Measurements, Valuation Techniques	'Appraised value less cost to sell, net of discount	'	'	'	'	'
Impaired Loans | Minimum	'	'	'	'	'	'
Significant Unobservable Input - Discount Rate Range	10.00%	'	'	'	'	'
Impaired Loans | Maximum	'	'	'	'	'	'
Significant Unobservable Input - Discount Rate Range	30.00%	'	'	'	'	'
Real estate owned and repossessed assets	'	'	'	'	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value, Ending Balance	$1,374	'	'	'	'	'
Fair Value Measurements, Valuation Techniques	'Appraised value less cost to sell, net of discount	'	'	'	'	'
Real estate owned and repossessed assets | Minimum	'	'	'	'	'	'
Significant Unobservable Input - Discount Rate Range	10.00%	'	'	'	'	'
Real estate owned and repossessed assets | Maximum	'	'	'	'	'	'
Significant Unobservable Input - Discount Rate Range	30.00%	'	'	'	'	'

Note_4_Fair_Value_Measurements8

Note 4 - Fair Value Measurements: Schedule of Estimated fair values of the Company's financial instruments (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Assets	'	'
Cash and Cash Equivalents, Fair Value Disclosure	$20,009	$18,751
Investment securities available for sale, at fair value	5,689	4,253
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure	1,705	1,752
Loans Held-for-sale, Fair Value Disclosure	105	3,247
Loans, excluding held for sale, net	147,759	146,494
Interest Receivable, Fair Value Disclosure	528	602
Mortgage Servicing Rights, Fair Value Disclosure	1,212	1,063
Liabilities	'	'
Deposits, Fair Value Disclosure	133,335	127,711
Certificates of Deposit, Fair Value Disclosure	27,946	28,770
Interest Payable, Fair Value Disclosure	109	88
Federal Home Loan Bank Borrowings, Fair Value Disclosure	'	3,000
Fair Value, Inputs, Level 1	'	'
Assets	'	'
Cash and Cash Equivalents, Fair Value Disclosure	20,009	18,751
Investment securities available for sale, at fair value	994	1,009
Fair Value, Inputs, Level 2	'	'
Assets	'	'
Investment securities available for sale, at fair value	4,695	3,244
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure	1,705	1,752
Loans Held-for-sale, Fair Value Disclosure	105	3,247
Interest Receivable, Fair Value Disclosure	528	602
Liabilities	'	'
Deposits, Fair Value Disclosure	133,335	127,711
Certificates of Deposit, Fair Value Disclosure	27,659	28,598
Interest Payable, Fair Value Disclosure	109	88
Federal Home Loan Bank Borrowings, Fair Value Disclosure	'	3,274
Fair Value, Inputs, Level 3	'	'
Assets	'	'
Loans, excluding held for sale, net	137,974	134,680
Mortgage Servicing Rights, Fair Value Disclosure	1,212	1,063
Netting	'	'
Assets	'	'
Cash and Cash Equivalents, Fair Value Disclosure	20,009	18,751
Investment securities available for sale, at fair value	5,689	4,253
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure	1,705	1,752
Loans Held-for-sale, Fair Value Disclosure	105	3,247
Loans, excluding held for sale, net	137,974	134,680
Interest Receivable, Fair Value Disclosure	528	602
Mortgage Servicing Rights, Fair Value Disclosure	1,212	1,063
Liabilities	'	'
Deposits, Fair Value Disclosure	133,335	127,711
Certificates of Deposit, Fair Value Disclosure	27,659	28,598
Interest Payable, Fair Value Disclosure	109	88
Federal Home Loan Bank Borrowings, Fair Value Disclosure	'	$3,274

Note_5_Investment_Securities_A4

Note 5 - Investment Securities Available For Sale: Schedule of Available for Sale Securities (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Investment securities available for sale, at amortized cost	$5,658	$4,072
Available-for-sale Securities, Gross Unrealized Gains	99	181
Available-for-sale Securities, Gross Unrealized Losses	-68	'
Investment securities available for sale, at fair value	5,689	4,253
Collateralized Mortgage Backed Securities	'	'
Investment securities available for sale, at amortized cost	1,265	1,657
Available-for-sale Securities, Gross Unrealized Gains	79	111
Investment securities available for sale, at fair value	1,344	1,768
US States and Political Subdivisions Debt Securities	'	'
Investment securities available for sale, at amortized cost	1,335	1,350
Available-for-sale Securities, Gross Unrealized Gains	18	59
Available-for-sale Securities, Gross Unrealized Losses	-1	'
Investment securities available for sale, at fair value	1,352	1,409
US Government-sponsored Enterprises Debt Securities	'	'
Investment securities available for sale, at amortized cost	3,058	1,065
Available-for-sale Securities, Gross Unrealized Gains	2	11
Available-for-sale Securities, Gross Unrealized Losses	-67	'
Investment securities available for sale, at fair value	$2,993	$1,076

Note_5_Investment_Securities_A5

Note 5 - Investment Securities Available For Sale: Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value (Details) (USD $)	Dec. 31, 2012
In Thousands, unless otherwise specified
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$3,184
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	-68
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	3,184
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	-68
US States and Political Subdivisions Debt Securities	'
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	251
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	-1
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	251
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	-1
US Government-sponsored Enterprises Debt Securities	'
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	2,933
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	-67
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	2,933
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Losses	($67)

Note_5_Investment_Securities_A6

Note 5 - Investment Securities Available For Sale (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Details	'	'	'	'	'
Trading Securities, Current	$0	'	$0	'	$0
Held-to-maturity Securities, Fair Value	0	'	0	'	0
Amortized Cost of Security owned and pledged as collateral	4,700,000	'	4,700,000	'	3,600,000
Security Owned and Pledged as Collateral, Fair Value	'	'	'	'	3,800,000
Gain (Loss) on Sale of Securities, Net	$0	$15,000	$0	$15,000	'

Note_5_Investment_Securities_A7

Note 5 - Investment Securities Available For Sale: Schedule of fair value and amortized cost of investment securities (Details) (USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified
Collateralized Mortgage Backed Securities	'
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value	$63
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis	61
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value	483
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis	458
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value	798
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis	746
Available-for-sale Securities, Debt Securities	1,344
Available-for-sale Debt Securities, Amortized Cost Basis	1,265
US States and Political Subdivisions Debt Securities	'
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value	1,352
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis	1,335
Available-for-sale Securities, Debt Securities	1,352
Available-for-sale Debt Securities, Amortized Cost Basis	1,335
US Government-sponsored Enterprises Debt Securities	'
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value	495
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis	500
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value	2,012
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis	2,058
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value	486
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis	500
Available-for-sale Securities, Debt Securities	2,993
Available-for-sale Debt Securities, Amortized Cost Basis	$3,058

Note_6_Loans_Schedule_of_Loans1

Note 6 - Loans: Schedule of Loans (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Real Estate, permanent, one to four family	'	'
Financing Receivable	$16,732	$21,433
Real estate, permanent, multifamily	'	'
Financing Receivable	2,751	3,008
Real estate, permanent, commercial nonresidential	'	'
Financing Receivable	74,412	73,447
Land	'	'
Financing Receivable	8,044	8,107
Construction, one to four family	'	'
Financing Receivable	4,948	2,410
Construction, commercial nonresidential	'	'
Financing Receivable	993	607
Commercial business	'	'
Financing Receivable	27,217	23,245
Consumer, home equity	'	'
Financing Receivable	8,844	9,115
Consumer, boat	'	'
Financing Receivable	4,524	4,772
Consumer, automobile	'	'
Financing Receivable	772	773
Consumer, other	'	'
Financing Receivable	1,055	1,453
Total	'	'
Financing Receivable	$150,292	$148,370

Note_6_Loans_Impaired_Financin1

Note 6 - Loans: Impaired Financing Receivables (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Impaired Financing Receivable, Unpaid Principal Balance	'	$7,724
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	'	4,964
Impaired Financing Receivable, with Related Allowance, Recorded Investment	'	2,399
Impaired Financing Receivable, Recorded Investment	'	7,363
Impaired Financing Receivable, Related Allowance	'	473
Real Estate, permanent, one to four family	'	'
Impaired Financing Receivable, Unpaid Principal Balance	296	300
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	276	291
Impaired Financing Receivable, Recorded Investment	276	291
Real estate, permanent, commercial nonresidential	'	'
Impaired Financing Receivable, Unpaid Principal Balance	8,615	'
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	5,696	'
Impaired Financing Receivable, with Related Allowance, Recorded Investment	2,317	'
Impaired Financing Receivable, Recorded Investment	8,013	'
Impaired Financing Receivable, Related Allowance	473	'
Land	'	'
Impaired Financing Receivable, Unpaid Principal Balance	1,426	2,021
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	1,426	2,021
Impaired Financing Receivable, Recorded Investment	1,426	2,021
Commercial business	'	'
Impaired Financing Receivable, Unpaid Principal Balance	522	1,898
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	522	1,898
Impaired Financing Receivable, Recorded Investment	522	1,898
Consumer, home equity	'	'
Impaired Financing Receivable, Unpaid Principal Balance	45	8
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	45	8
Impaired Financing Receivable, Recorded Investment	45	8
Total	'	'
Impaired Financing Receivable, Unpaid Principal Balance	10,904	11,951
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	7,965	9,182
Impaired Financing Receivable, with Related Allowance, Recorded Investment	2,317	2,399
Impaired Financing Receivable, Recorded Investment	10,282	11,581
Impaired Financing Receivable, Related Allowance	$473	$473

Note_6_Loans_Schedule_of_inter1

Note 6 - Loans: Schedule of interest income recognized and average recorded investment of impaired loans (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Real Estate, permanent, one to four family	'	'	'	'
Impaired Financing Receivable, Average Recorded Investment	$279	$223	$284	$149
Real estate, permanent, commercial nonresidential	'	'	'	'
Impaired Financing Receivable, Interest Income, Accrual Method	54	73	154	212
Impaired Financing Receivable, Average Recorded Investment	8,133	7,126	7,999	7,209
Land	'	'	'	'
Impaired Financing Receivable, Interest Income, Accrual Method	34	26	93	62
Impaired Financing Receivable, Average Recorded Investment	1,698	2,114	1,859	2,150
Commercial business	'	'	'	'
Impaired Financing Receivable, Interest Income, Accrual Method	11	3	32	14
Impaired Financing Receivable, Average Recorded Investment	539	1,546	860	1,578
Consumer, home equity	'	'	'	'
Impaired Financing Receivable, Interest Income, Accrual Method	'	'	'	1
Impaired Financing Receivable, Average Recorded Investment	27	60	17	53
Total	'	'	'	'
Impaired Financing Receivable, Interest Income, Accrual Method	99	102	279	294
Impaired Financing Receivable, Average Recorded Investment	10,676	11,069	11,019	11,357
Real estate, permanent, multifamily	'	'	'	'
Impaired Financing Receivable, Interest Income, Accrual Method	'	'	'	5
Impaired Financing Receivable, Average Recorded Investment	'	'	'	$218

Note_6_Loans_Schedule_of_Nonac1

Note 6 - Loans: Schedule of Nonaccrual Loans (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Real Estate, permanent, one to four family	'	'
Financing Receivable, Recorded Investment, Nonaccrual Status	$276	$291
Real estate, permanent, commercial nonresidential	'	'
Financing Receivable, Recorded Investment, Nonaccrual Status	5,468	3,953
Commercial business	'	'
Financing Receivable, Recorded Investment, Nonaccrual Status	98	1,427
Consumer, home equity	'	'
Financing Receivable, Recorded Investment, Nonaccrual Status	45	8
Total	'	'
Financing Receivable, Recorded Investment, Nonaccrual Status	$5,887	$5,679

Note_6_Loans_Details

Note 6 - Loans (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Financing Receivable, Modifications, Recorded Investment	$7,402,000	$9,212,000
Financing Receivable Modifications Recorded Investment performing in accordance with modified terms	6,700,000	6,500,000
Financing Receivable Modifications Recorded Investment. additional funds committed	0	'
Commercial business	'	'
Financing Receivable, Modifications, Recorded Investment	52,000	1,534,000
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	1	'
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	1,400,000	'
Real estate, permanent, commercial nonresidential	'	'
Financing Receivable, Modifications, Recorded Investment	6,682,000	6,987,000
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	4	'
Financing Receivable, Modifications, Subsequent Default, Recorded Investment	$3,200,000	'

Note_6_Loans_Schedule_of_accru1

Note 6 - Loans: Schedule of accrual status of troubled debt restructurings (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Financing Receivable, Modifications, Number of Contracts	18	16
Financing Receivable, Modifications in accrual status	$2,794	$3,760
Financing Receivable, Modifications in non-accrual status	4,608	5,452
Financing Receivable, Modifications, Recorded Investment	7,402	9,212
Real Estate, permanent, one to four family	'	'
Financing Receivable, Modifications, Number of Contracts	1	1
Financing Receivable, Modifications in non-accrual status	276	291
Financing Receivable, Modifications, Recorded Investment	276	291
Real estate, permanent, commercial nonresidential	'	'
Financing Receivable, Modifications, Number of Contracts	12	11
Financing Receivable, Modifications in accrual status	2,395	3,253
Financing Receivable, Modifications in non-accrual status	4,287	3,734
Financing Receivable, Modifications, Recorded Investment	6,682	6,987
Land	'	'
Financing Receivable, Modifications, Number of Contracts	1	1
Financing Receivable, Modifications in accrual status	347	400
Financing Receivable, Modifications, Recorded Investment	347	400
Commercial business	'	'
Financing Receivable, Modifications, Number of Contracts	3	3
Financing Receivable, Modifications in accrual status	52	107
Financing Receivable, Modifications in non-accrual status	'	1,427
Financing Receivable, Modifications, Recorded Investment	52	1,534
Consumer, home equity	'	'
Financing Receivable, Modifications, Number of Contracts	1	'
Financing Receivable, Modifications in non-accrual status	45	'
Financing Receivable, Modifications, Recorded Investment	$45	'

Note_6_Loans_Schedule_of_Newly1

Note 6 - Loans: Schedule of Newly Restructured Loans (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2012
		Consumer, home equity	Consumer, home equity	Commercial business	Real estate, permanent, commercial nonresidential	Real estate, permanent, commercial nonresidential
Newly restructured loans, number of contracts	'	1,000	1,000	1,000	1,000	1
Newly Restructured Loans, Payment Modification	'	'	$45	$11	$535	$537
Newly Restructured Loans	$0	'	'	'	'	'

Note_6_Loans_Age_Analysis_of_P1

Note 6 - Loans: Age Analysis of Past Due Loans (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Real Estate, permanent, one to four family	'	'
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due	$149	'
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due	'	18
Financing Receivable, Recorded Investment, Past Due	149	18
Financing Receivable, Recorded Investment, Current	16,583	21,415
Financing Receivable	16,732	21,433
Real estate, permanent, multifamily	'	'
Financing Receivable, Recorded Investment, Current	2,751	3,008
Financing Receivable	2,751	3,008
Real estate, permanent, commercial nonresidential	'	'
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due	1,633	3,356
Financing Receivable, Recorded Investment, Past Due	1,633	3,356
Financing Receivable, Recorded Investment, Current	72,779	70,091
Financing Receivable	74,412	73,447
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	'	1,839
Land	'	'
Financing Receivable, Recorded Investment, Current	8,044	8,107
Financing Receivable	8,044	8,107
Construction, one to four family	'	'
Financing Receivable, Recorded Investment, Current	4,948	2,410
Financing Receivable	4,948	2,410
Construction, commercial nonresidential	'	'
Financing Receivable, Recorded Investment, Current	993	607
Financing Receivable	993	607
Commercial business	'	'
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due	27	11
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due	'	102
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due	'	1,427
Financing Receivable, Recorded Investment, Past Due	27	1,540
Financing Receivable, Recorded Investment, Current	27,190	21,705
Financing Receivable	27,217	23,245
Consumer, home equity	'	'
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due	'	23
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due	'	8
Financing Receivable, Recorded Investment, Past Due	'	31
Financing Receivable, Recorded Investment, Current	8,844	9,084
Financing Receivable	8,844	9,115
Consumer, boat	'	'
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due	'	15
Financing Receivable, Recorded Investment, Past Due	'	15
Financing Receivable, Recorded Investment, Current	4,524	4,757
Financing Receivable	4,524	4,772
Consumer, automobile	'	'
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due	'	1
Financing Receivable, Recorded Investment, Past Due	'	1
Financing Receivable, Recorded Investment, Current	772	772
Financing Receivable	772	773
Consumer, other	'	'
Financing Receivable, Recorded Investment, Current	1,055	1,453
Financing Receivable	1,055	1,453
Total	'	'
Financing Receivable, Recorded Investment, 30 to 59 Days Past Due	176	50
Financing Receivable, Recorded Investment, 60 to 89 Days Past Due	'	120
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due	1,633	4,791
Financing Receivable, Recorded Investment, Past Due	1,809	4,961
Financing Receivable, Recorded Investment, Current	148,483	143,409
Financing Receivable	150,292	148,370
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	'	$1,839

Note_6_Loans_Loan_Portfolio_se1

Note 6 - Loans: Loan Portfolio, segmented by risk range (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Real Estate, permanent, one to four family	'	'
Financing Receivable	$16,732	$21,433
Real estate, permanent, multifamily	'	'
Financing Receivable	2,751	3,008
Real estate, permanent, commercial nonresidential	'	'
Financing Receivable	74,412	73,447
Land	'	'
Financing Receivable	8,044	8,107
Construction, one to four family	'	'
Financing Receivable	4,948	2,410
Construction, commercial nonresidential	'	'
Financing Receivable	993	607
Commercial business	'	'
Financing Receivable	27,217	23,245
Consumer, home equity	'	'
Financing Receivable	8,844	9,115
Consumer, boat	'	'
Financing Receivable	4,524	4,772
Consumer, automobile	'	'
Financing Receivable	772	773
Consumer, other	'	'
Financing Receivable	1,055	1,453
Total	'	'
Financing Receivable	150,292	148,370
Weighted Average Risk Grade 1 to 4 | Real Estate, permanent, one to four family	'	'
Financing Receivable	16,417	21,099
Weighted Average Risk Grade 1 to 4 | Real estate, permanent, multifamily	'	'
Financing Receivable	2,126	2,369
Weighted Average Risk Grade 1 to 4 | Real estate, permanent, commercial nonresidential	'	'
Financing Receivable	62,248	63,296
Weighted Average Risk Grade 1 to 4 | Land	'	'
Financing Receivable	6,618	6,087
Weighted Average Risk Grade 1 to 4 | Construction, one to four family	'	'
Financing Receivable	4,948	2,410
Weighted Average Risk Grade 1 to 4 | Construction, commercial nonresidential	'	'
Financing Receivable	993	607
Weighted Average Risk Grade 1 to 4 | Commercial business	'	'
Financing Receivable	25,243	20,763
Weighted Average Risk Grade 1 to 4 | Consumer, home equity	'	'
Financing Receivable	8,734	9,106
Weighted Average Risk Grade 1 to 4 | Consumer, boat	'	'
Financing Receivable	4,524	4,772
Weighted Average Risk Grade 1 to 4 | Consumer, automobile	'	'
Financing Receivable	772	773
Weighted Average Risk Grade 1 to 4 | Consumer, other	'	'
Financing Receivable	1,055	1,453
Weighted Average Risk Grade 1 to 4 | Total	'	'
Financing Receivable	133,678	132,735
Weighted Average Risk Grade 5 to 6 | Real Estate, permanent, one to four family	'	'
Financing Receivable	39	43
Weighted Average Risk Grade 5 to 6 | Real estate, permanent, multifamily	'	'
Financing Receivable	625	639
Weighted Average Risk Grade 5 to 6 | Real estate, permanent, commercial nonresidential	'	'
Financing Receivable	6,564	6,060
Weighted Average Risk Grade 5 to 6 | Commercial business	'	'
Financing Receivable	1,468	606
Weighted Average Risk Grade 5 to 6 | Consumer, home equity	'	'
Financing Receivable	65	'
Weighted Average Risk Grade 5 to 6 | Total	'	'
Financing Receivable	8,761	7,348
Weighted Average Risk Grade 7 to 9 | Real Estate, permanent, one to four family	'	'
Financing Receivable	276	291
Weighted Average Risk Grade 7 to 9 | Real estate, permanent, commercial nonresidential	'	'
Financing Receivable	5,600	4,091
Weighted Average Risk Grade 7 to 9 | Land	'	'
Financing Receivable	1,426	2,020
Weighted Average Risk Grade 7 to 9 | Commercial business	'	'
Financing Receivable	506	1,876
Weighted Average Risk Grade 7 to 9 | Consumer, home equity	'	'
Financing Receivable	45	9
Weighted Average Risk Grade 7 to 9 | Total	'	'
Financing Receivable	$7,853	$8,287

Note_6_Loans_Allowance_for_Cre1

Note 6 - Loans: Allowance for Credit Losses on Financing Receivables (Details) (USD $)	3 Months Ended		9 Months Ended		3 Months Ended	9 Months Ended			3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended							3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Jun. 30, 2013	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2012	Sep. 30, 2013	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
	Real Estate, permanent, one to four family	Real Estate, permanent, one to four family	Real Estate, permanent, one to four family	Real Estate, permanent, one to four family	Real estate, permanent, multifamily	Real estate, permanent, multifamily	Real estate, permanent, multifamily	Real estate, permanent, multifamily	Real estate, permanent, commercial nonresidential	Real estate, permanent, commercial nonresidential	Real estate, permanent, commercial nonresidential	Real estate, permanent, commercial nonresidential	Land	Land	Land	Land	Construction, one to four family	Construction, one to four family	Construction, one to four family	Construction, one to four family	Construction, commercial nonresidential	Construction, commercial nonresidential	Construction, commercial nonresidential	Construction, commercial nonresidential	Commercial business	Commercial business	Commercial business	Commercial business	Consumer, home equity	Consumer, home equity	Consumer, home equity	Consumer, home equity	Consumer, boat	Consumer, boat	Consumer, boat	Consumer, boat	Consumer, automobile	Consumer, automobile	Consumer, automobile	Consumer, automobile	Consumer, other	Consumer, other	Consumer, other	Consumer, other	Consumer, other	Unallocated	Unallocated	Unallocated	Unallocated	Total	Total	Total	Total
Financing Receivable, Allowance for Credit Losses, Beginning Balance	$40	$104	$93	$102	$17	$17	$5	$16	$1,024	$1,230	$1,117	$1,223	$21	$13	$15	$13	$11	$4	$4	$2	$7	$5	$1	$4	$142	$271	$107	$216	$47	$37	$35	$26	$22	$30	$20	$34	$3	$2	$1	$2	$3	$3	$3	$3	$2	$663	$129	$463	$235	$1,999	$1,844	$1,876	$1,865
Provision for Loan, Lease, and Other Losses	-6	-11	-59	-9	1	-1	13	'	113	-106	20	67	-1	32	5	32	2	1	9	3	-4	-2	2	-1	'	-133	32	-78	-2	-2	10	46	-20	-2	-18	-8	-3	-1	-1	-1	-1	'	'	'	'	-19	283	181	177	60	60	180	240
Financing Receivable, Allowance for Credit Losses, Write-downs	'	'	'	'	'	'	'	'	-114	'	-114	-166	'	-30	'	-30	'	'	'	'	'	'	'	'	-3	-19	'	-19	'	'	'	-37	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	-117	-49	-114	-252
Financing Receivable, Allowance for Credit Losses, Recovery	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	2	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	2
Financing Receivable, Allowance for Credit Losses, Ending Balance	34	93	34	93	18	16	18	16	1,023	1,124	1,023	1,124	20	15	20	15	13	5	13	5	3	3	3	3	139	119	139	119	45	35	45	35	2	28	2	28	'	1	'	1	2	3	3	3	2	644	412	644	412	1,942	1,855	1,942	1,855
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	'	'	'	'	'	'	'	'	473	473	473	473	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	473	473	473	473
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	$34	$93	$34	$93	$18	$16	$18	'	$550	$651	$550	$651	$20	$15	$20	$15	$13	$5	$13	$5	$3	$3	$3	$3	$139	$119	$139	$119	$45	$35	$45	$35	$2	$28	$2	$28	'	$1	'	$1	$2	$3	'	'	'	$644	$412	$644	$412	$1,469	$1,382	$1,469	$1,382

Note_6_Loans_Schedule_of_recor1

Note 6 - Loans: Schedule of recorded investment in loans related to each balance in the allowance for loan losses by portfolio segment and disaggregated on the basis of the Company's impairment methodology (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Real Estate, permanent, one to four family	'	'
Financing Receivable, Individually Evaluated for Impairment	$276	$291
Financing Receivable, Collectively Evaluated for Impairment	16,456	21,142
Financing Receivable	16,732	21,433
Real estate, permanent, multifamily	'	'
Financing Receivable, Collectively Evaluated for Impairment	2,751	3,008
Financing Receivable	2,751	3,008
Real estate, permanent, commercial nonresidential	'	'
Financing Receivable, Individually Evaluated for Impairment	8,013	7,363
Financing Receivable, Collectively Evaluated for Impairment	66,399	66,084
Financing Receivable	74,412	73,447
Land	'	'
Financing Receivable, Individually Evaluated for Impairment	1,426	2,021
Financing Receivable, Collectively Evaluated for Impairment	6,618	6,086
Financing Receivable	8,044	8,107
Construction, one to four family	'	'
Financing Receivable, Collectively Evaluated for Impairment	4,948	2,410
Financing Receivable	4,948	2,410
Construction, commercial nonresidential	'	'
Financing Receivable, Collectively Evaluated for Impairment	993	607
Financing Receivable	993	607
Commercial business	'	'
Financing Receivable, Individually Evaluated for Impairment	522	1,898
Financing Receivable, Collectively Evaluated for Impairment	26,695	21,347
Financing Receivable	27,217	23,245
Consumer, home equity	'	'
Financing Receivable, Individually Evaluated for Impairment	45	8
Financing Receivable, Collectively Evaluated for Impairment	8,799	9,107
Financing Receivable	8,844	9,115
Consumer, boat	'	'
Financing Receivable, Collectively Evaluated for Impairment	4,524	4,772
Financing Receivable	4,524	4,772
Consumer, automobile	'	'
Financing Receivable, Collectively Evaluated for Impairment	772	773
Financing Receivable	772	773
Consumer, other	'	'
Financing Receivable, Collectively Evaluated for Impairment	1,055	1,453
Financing Receivable	1,055	1,453
Total	'	'
Financing Receivable, Individually Evaluated for Impairment	10,282	11,581
Financing Receivable, Collectively Evaluated for Impairment	140,010	136,789
Financing Receivable	$150,292	$148,370

Note_7_Capital_Compliance_Sche1

Note 7 - Capital Compliance: Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations (Details) (USD $)	Sep. 30, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified
Details	'		'
Tier One Leverage Capital	'		$20,505	[1]
Tier One Leverage Capital to Average Assets	'		11.36%	[1]
Tier One Leverage Capital Required for Capital Adequacy	'		7,223	[1]
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	'		4.00%	[1]
Excess Tier One Leverage Capital	'		9,029	[1]
Excess Tier One Leverage Capital to Average Assets	'		5.00%	[1]
Tier One Risk Based Capital	20,637	[1]	20,505	[1]
Tier One Risk Based Capital to Risk Weighted Assets	14.48%	[1]	14.92%	[1]
Tier One Risk Based Capital Required for Capital Adequacy	5,702	[1]	5,497	[1]
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	4.00%	[1]	4.00%	[1]
Excess Tier One Risk Based Capital	8,553	[1]	8,245	[1]
Excess Tier One Risk Based Capital to Risk Weighted Assets	6.00%	[1]	6.00%	[1]
Capital	22,421	[1]	22,225	[1]
Capital to Risk Weighted Assets	15.73%	[1]	16.17%	[1]
Capital Required for Capital Adequacy	11,404	[1]	10,994	[1]
Capital Required for Capital Adequacy to Risk Weighted Assets	8.00%	[1]	8.00%	[1]
Excess Capital	$14,255	[1]	$13,742	[1]
Excess Capital to Risk Weighted Assets	10.00%	[1]	10.00%	[1]
[1]	Based on risk weighted assets of $139.9 million.

Note_8_Earnings_loss_Per_Share2

Note 8 - Earnings (loss) Per Share: Schedule of Calculation of Numerator and Denominator in Earnings Per Share (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Details	'	'	'	'
Net income	$40	$123	$281	$156
Preferred Stock Dividends and Other Adjustments	-59	-60	-179	-180
Preferred Stock Discount Accretion	-19	-18	-58	-54
Net Income(loss) available to common shareholders	($38)	$45	$44	($78)
Weighted Average Number of Shares Issued, Basic	655	655	655	655
Weighted Average Number of Shares, Treasury Stock	-1	-1	-1	-1
Weighted Average Number of Shares Outstanding, Basic	654	654	654	654
Incremental Common Shares Attributable to Participating Nonvested Shares with Non-forfeitable Dividend Rights	116	91	112	81
Weighted Average Number of Shares Outstanding, Basic and Diluted	770	745	766	736
Earnings Per Share, Basic and Diluted	'	'	'	'
Basic	($0.06)	$0.07	$0.07	($0.12)
Diluted	($0.06)	$0.06	$0.06	($0.12)

Note_8_Earnings_loss_Per_Share3

Note 8 - Earnings (loss) Per Share: Schedule of Securities Included and Excluded from Computation of Earnings per Share (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Stock Options	'	'	'	'
Antidilutive Securities excluded from computation of earnings per share	15,700	15,700	15,700	15,700
Warrant	'	'	'	'
Antidilutive Securities included in computation of earnings per share	175,772	175,772	175,772	175,772

Note_9_Preferred_Stock_Assumpt

Note 9 - Preferred Stock: Assumptions used to determine the fair value of the Warrant as of the grant date (Details) (Warrant, USD $)	9 Months Ended
	Sep. 30, 2013
Warrant	'
Fair Value Assumptions, Expected Dividend Rate	1.50%
Fair Value Assumptions, Expected Term	'10 years
Fair Value Assumptions, Weighted Average Volatility Rate	37.00%
Fair Value Assumptions, Risk Free Interest Rate	3.05%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$4.15

Note_10_Commitments_Details

Note 10 - Commitments (Details) (USD $)	0 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Details	'	'
Supply Commitment, Description	'Commitments to extend credit, including unused lines of credit	'Commitments to extend credit, including unused lines of credit
Supply Commitment, Remaining Minimum Amount Committed	$10.20	$11.70
Undisbursed Loan Proceeds	$4	$4.20