Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2022 | Jul. 27, 2022 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001303942 | |
Entity Registrant Name | BankFinancial CORP | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2022 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2022 | |
Document Transition Report | false | |
Entity File Number | 0-51331 | |
Entity Incorporation, State or Country Code | MD | |
Entity Tax Identification Number | 75-3199276 | |
Entity Address, Address Line One | 60 North Frontage Road | |
Entity Address, City or Town | Burr Ridge | |
Entity Address, State or Province | IL | |
Entity Address, Postal Zip Code | 60527 | |
City Area Code | 800 | |
Local Phone Number | 894-6900 | |
Title of 12(b) Security | Common Stock, par value $0.01 per share | |
Trading Symbol | BFIN | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 13,153,485 |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Assets | ||
Cash and due from other financial institutions | $ 10,655 | $ 9,095 |
Interest-bearing deposits in other financial institutions | 259,816 | 493,067 |
Cash and cash equivalents | 270,471 | 502,162 |
Securities, at fair value | 158,951 | 85,694 |
Loans receivable, net of allowance for loan losses: June 30, 2022, $7,202 and December 31, 2021, $6,715 | 1,142,743 | 1,044,207 |
Foreclosed assets, net | 842 | 725 |
Stock in Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB"), at cost | 7,490 | 7,490 |
Premises and equipment, net | 25,103 | 25,043 |
Accrued interest receivable | 6,660 | 4,648 |
Bank-owned life insurance | 18,893 | 19,129 |
Deferred taxes | 4,261 | 2,762 |
Other assets | 9,472 | 8,822 |
Total assets | 1,644,886 | 1,700,682 |
Liabilities | ||
Noninterest-bearing | 311,408 | 342,185 |
Interest-bearing | 1,133,342 | 1,146,246 |
Total deposits | 1,444,750 | 1,488,431 |
Borrowings | 0 | 5,000 |
Subordinated notes, net of unamortized issuance costs | 19,612 | 19,590 |
Advance payments by borrowers for taxes and insurance | 10,872 | 7,993 |
Accrued interest payable and other liabilities | 15,522 | 22,202 |
Total liabilities | 1,490,756 | 1,543,216 |
Stockholders’ equity | ||
Preferred stock, $0.01 par value, 25,000,000 shares authorized, none issued or outstanding | 0 | 0 |
Common stock, $0.01 par value, 100,000,000 shares authorized; 13,153,485 shares issued at June 30, 2022 and 13,228,485 shares issued at December 31, 2021 | 131 | 132 |
Additional paid-in capital | 89,917 | 90,709 |
Retained earnings | 67,742 | 66,545 |
Accumulated other comprehensive (loss) income | (3,660) | 80 |
Total stockholders’ equity | 154,130 | 157,466 |
Total liabilities and stockholders’ equity | $ 1,644,886 | $ 1,700,682 |
Consolidated Statements of Fi_2
Consolidated Statements of Financial Condition (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Allowance for loan losses | $ 7,202 | $ 6,715 |
Preferred Stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred Stock, shares authorized (in shares) | 25,000,000 | 25,000,000 |
Preferred Stock, shares issued (in shares) | 0 | 0 |
Preferred Stock, shares outstanding (in shares) | 0 | 0 |
Common Stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common Stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common Stock, shares issued (in shares) | 13,153,485 | 13,228,485 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | ||
Interest and dividend income | |||||
Loans, including fees | $ 11,683 | $ 11,192 | $ 22,496 | $ 22,121 | |
Securities | 432 | 52 | 731 | 106 | |
Other | 769 | 253 | 1,075 | 518 | |
Total interest income | 12,884 | 11,497 | 24,302 | 22,745 | |
Interest expense | |||||
Deposits | 555 | 552 | 1,000 | 1,220 | |
Subordinated notes | 199 | 170 | 397 | 170 | |
Total interest expense | 754 | 722 | 1,397 | 1,390 | |
Net interest income | 12,130 | 10,775 | 22,905 | 21,355 | |
Provision for (recovery of) loan losses | 459 | (678) | 735 | (1,013) | |
Net interest income after provision for (recovery of) loan losses | 11,671 | 11,453 | 22,170 | 22,368 | |
Noninterest income | |||||
Deposit service charges and fees | 826 | 800 | 1,607 | 1,538 | |
Loan servicing fees | [1] | 190 | 141 | 291 | 196 |
Mortgage brokerage and banking fees | [1] | 9 | 5 | 17 | 17 |
Trust and insurance commissions and annuities income | 262 | 283 | 600 | 617 | |
Earnings on bank-owned life insurance | [1] | 11 | 30 | 39 | 51 |
Bank-owned life insurance death benefit | [1] | 446 | 0 | 446 | 0 |
Other | [1] | 95 | 167 | 283 | 265 |
Total noninterest income | 1,839 | 1,426 | 3,283 | 2,684 | |
Noninterest expense | |||||
Compensation and benefits | 5,489 | 5,558 | 10,969 | 11,029 | |
Office occupancy and equipment | 1,933 | 1,892 | 4,067 | 3,989 | |
Advertising and public relations | 208 | 187 | 350 | 390 | |
Information technology | 895 | 723 | 1,746 | 1,433 | |
Professional fees | 412 | 343 | 785 | 713 | |
Supplies, telephone, and postage | 362 | 442 | 709 | 842 | |
FDIC insurance premiums | 106 | 114 | 222 | 220 | |
Other | 794 | 982 | 1,640 | 1,812 | |
Total noninterest expense | 10,199 | 10,241 | 20,488 | 20,428 | |
Income before income taxes | 3,311 | 2,638 | 4,965 | 4,624 | |
Income tax expense | 744 | 712 | 1,130 | 1,229 | |
Net income | $ 2,567 | $ 1,926 | $ 3,835 | $ 3,395 | |
Basic and diluted earnings per common share (in dollars per share) | $ 0.19 | $ 0.13 | $ 0.29 | $ 0.23 | |
Basic and diluted weighted average common shares outstanding (in shares) | 13,165,023 | 14,433,748 | 13,184,424 | 14,577,958 | |
[1]Not within the scope of ASC 606 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 20, 2022 | Jun. 30, 2021 | |
Net income | $ 2,567 | $ 1,926 | $ 3,835 | $ 3,395 |
Unrealized holding loss on securities arising during the period | (1,042) | (28) | (5,107) | (35) |
Tax effect | 279 | 8 | 1,367 | 10 |
Comprehensive loss, net of tax | (763) | (20) | (3,740) | (25) |
Comprehensive income | $ 1,804 | $ 1,906 | $ 95 | $ 3,370 |
Consolidated Statements of Chan
Consolidated Statements of Changes In Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance at Dec. 31, 2020 | $ 148 | $ 107,815 | $ 64,754 | $ 213 | $ 172,930 |
Net income | 0 | 0 | 3,395 | 0 | 3,395 |
Other comprehensive loss, net of tax effect | 0 | 0 | 0 | (25) | (25) |
Repurchase and retirement of common stock | (7) | (6,938) | 0 | 0 | (6,945) |
Cash dividends declared on common stock | 0 | 0 | (2,919) | 0 | (2,919) |
Balance at Jun. 30, 2021 | 141 | 100,877 | 65,230 | 188 | 166,436 |
Balance at Mar. 31, 2021 | 146 | 106,329 | 64,750 | 208 | 171,433 |
Net income | 0 | 0 | 1,926 | 0 | 1,926 |
Other comprehensive loss, net of tax effect | 0 | 0 | 0 | (20) | (20) |
Repurchase and retirement of common stock | (5) | (5,452) | 0 | 0 | (5,457) |
Cash dividends declared on common stock | 0 | 0 | (1,446) | 0 | (1,446) |
Balance at Jun. 30, 2021 | 141 | 100,877 | 65,230 | 188 | 166,436 |
Balance at Dec. 31, 2021 | 132 | 90,709 | 66,545 | 80 | 157,466 |
Net income | 0 | 0 | 3,835 | 0 | 3,835 |
Other comprehensive loss, net of tax effect | 0 | 0 | 0 | (3,740) | (3,740) |
Repurchase and retirement of common stock | (1) | (792) | 0 | 0 | (793) |
Cash dividends declared on common stock | 0 | 0 | (2,638) | 0 | (2,638) |
Balance at Jun. 30, 2022 | 131 | 89,917 | 67,742 | (3,660) | 154,130 |
Balance at Mar. 31, 2022 | 132 | 90,170 | 66,490 | (2,897) | 153,895 |
Net income | 0 | 0 | 2,567 | 0 | 2,567 |
Other comprehensive loss, net of tax effect | 0 | 0 | 0 | (763) | (763) |
Repurchase and retirement of common stock | (1) | (253) | 0 | 0 | (254) |
Cash dividends declared on common stock | 0 | 0 | (1,315) | 0 | (1,315) |
Balance at Jun. 30, 2022 | $ 131 | $ 89,917 | $ 67,742 | $ (3,660) | $ 154,130 |
Consolidated Statements of Ch_2
Consolidated Statements of Changes In Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Repurchase and retirement of common stock (in shares) | 25,000 | 504,939 | 75,000 | 651,045 |
Cash dividends declared on common stock (in dollars per share) | $ 0.10 | $ 0.10 | $ 0.20 | $ 0.20 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 20, 2022 | Jun. 30, 2021 | ||
Cash flows (used in) from operating activities | ||||||
Net income | $ 2,567 | $ 1,926 | $ 3,835 | $ 3,835 | $ 3,395 | |
Adjustments to reconcile net income to net cash (used in) from operating activities | ||||||
Provision for (recovery of) loan losses | 459 | (678) | 735 | (1,013) | ||
Depreciation and amortization | 888 | 1,001 | ||||
Net change in net deferred loan origination costs | (369) | 516 | ||||
Gain on sale of foreclosed assets | (15) | (51) | ||||
Foreclosed assets valuation adjustments | (27) | 281 | ||||
Earnings on bank-owned life insurance | [1] | (11) | (30) | (39) | (51) | |
Net change in: | ||||||
Accrued interest receivable | (2,012) | (1,359) | ||||
Other assets | (492) | 530 | ||||
Accrued interest payable and other liabilities | (6,680) | (736) | ||||
Net cash (used in) from operating activities | (4,176) | 2,513 | ||||
Cash flows used in investing activities | ||||||
Proceeds from maturities | 2,480 | 10,412 | ||||
Proceeds from principal repayments | 509 | 699 | ||||
Purchases of securities | (81,196) | (6,200) | ||||
Net change in loans receivable | (99,254) | (28,682) | ||||
Loan participation purchased | 0 | (5,000) | ||||
Proceeds from sale of foreclosed assets | 244 | 2,698 | ||||
Purchase of premises and equipment, net | (1,065) | (1,037) | ||||
Net cash used in investing activities | (178,282) | (27,110) | ||||
Cash flows (used in) from financing activities | ||||||
Deposits | (43,681) | 45,030 | ||||
Borrowings | (5,000) | 1,000 | ||||
Advance payments by borrowers for taxes and insurance | 2,879 | 1,412 | ||||
Proceeds from issuance of Subordinated Notes | 0 | 20,000 | ||||
Costs paid for issuance of Subordinated Notes | 0 | (441) | ||||
Repurchase and retirement of common stock | (793) | (6,945) | ||||
Cash dividends paid on common stock | (2,638) | (2,919) | ||||
Net cash (used in) from financing activities | (49,233) | 57,137 | ||||
Net change in cash and cash equivalents | (231,691) | 32,540 | ||||
Beginning cash and cash equivalents | 502,162 | $ 502,162 | 503,496 | |||
Ending cash and cash equivalents | $ 270,471 | $ 536,036 | 270,471 | 536,036 | ||
Supplemental disclosures of cash flow information: | ||||||
Interest paid | 1,396 | 1,234 | ||||
Income taxes paid | 707 | 1,831 | ||||
Income taxes refunded | 8 | 0 | ||||
Loans transferred to foreclosed assets | 319 | 4,473 | ||||
Bank-owned life insurance death benefit | 275 | 0 | ||||
Recording of right of use asset in exchange for lease obligations in other assets and other liabilities | $ 0 | $ 866 | ||||
[1]Not within the scope of ASC 606 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | NOTE 1 Basis of Presentation six June 30, 2022 not may December 31, 2022 Certain information and note disclosures normally included in financial statements prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Use of Estimates Factored Receivables: may third June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 Factoring fees are recognized in interest income as incurred by the customer and deducted from the customer's reserve balances. Other factoring-related fees, which include wire transfer fees, broker fees, and other similar fees, are reported by the Company as loan servicing fees in noninterest income. Reclassifications These unaudited consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10 December 31, 2021 Newly Issued Not In June 2016, No. 2016 13, 326 2016 13” 2016 13 December 15, 2022. |
Note 2 - Earnings Per Share
Note 2 - Earnings Per Share | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 2 Amounts reported in earnings per share reflect earnings available to common stockholders for the period divided by the weighted average number of shares of common stock outstanding during the period. Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Net income available to common stockholders $ 2,567 $ 1,926 $ 3,835 $ 3,395 Basic and diluted weighted average common shares outstanding 13,165,023 14,433,748 13,184,424 14,577,958 Basic and diluted earnings per common share $ 0.19 $ 0.13 $ 0.29 $ 0.23 |
Note 3 - Securities
Note 3 - Securities | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 3 The fair value of securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income is as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-Sale Securities June 30, 2022 Certificates of deposit $ 248 $ — $ — $ 248 Municipal securities 400 — (13 ) 387 U.S. Treasury Notes 157,573 197 (5,193 ) 152,577 Mortgage-backed securities - residential 4,362 53 (33 ) 4,382 Collateralized mortgage obligations - residential 1,366 — (9 ) 1,357 $ 163,949 $ 250 $ (5,248 ) $ 158,951 December 31, 2021 Certificates of deposit $ 2,728 $ — $ — $ 2,728 U.S. Treasury Notes 76,621 8 (76 ) 76,553 Mortgage-backed securities - residential 4,660 173 — 4,833 Collateralized mortgage obligations - residential 1,576 4 — 1,580 $ 85,585 $ 185 $ (76 ) $ 85,694 Mortgage-backed securities and collateralized mortgage obligations reflected in the preceding table were issued by U.S. government-sponsored entities and agencies, Freddie Mac, Fannie Mae and Ginnie Mae, and are obligations which the government has affirmed its commitment to support. The amortized cost and fair values of securities available-for-sale by contractual maturity are shown below. Securities not may may June 30, 2022 Amortized Cost Fair Value Due in one year or less $ 408 $ 407 Due after one year through five years 157,813 152,805 158,221 153,212 Mortgage-backed securities - residential 4,362 4,382 Collateralized mortgage obligations - residential 1,366 1,357 $ 163,949 $ 158,951 Securities available-for-sale with unrealized losses not Less than 12 Months 12 Months or More Total Count Fair Value Unrealized Loss Count Fair Value Unrealized Loss Count Fair Value Unrealized Loss June 30, 2022 Municipal securities 2 $ 387 $ (13 ) — $ — $ — 2 $ 387 $ (13 ) U.S. Treasury Notes 187 123,930 (5,193 ) — — — 187 123,930 (5,193 ) Mortgage-backed securities - residential 15 2,746 (33 ) — — — 15 2,746 (33 ) Collateralized mortgage obligations - residential 5 1,126 (7 ) 1 197 (2 ) 6 1,323 (9 ) 209 $ 128,189 $ (5,246 ) 1 $ 197 $ (2 ) 210 $ 128,386 $ (5,248 ) December 31, 2021 U.S. Treasury Notes 53 $ 62,246 $ (76 ) — $ — $ — 53 $ 62,246 $ (76 ) The Company evaluates marketable investment securities with significant declines in fair value on a quarterly basis to determine whether they should be considered other-than-temporarily impaired under current accounting guidance, which generally provides that if a marketable security is in an unrealized loss position, whether due to general market conditions or industry or issuer-specific factors, the holder of the securities must assess whether the impairment is other-than-temporary. U.S. Treasury Notes and certain other available-for-sale securities that the Company holds in its investment portfolio were in an unrealized loss position at June 30, 2022 not not not |
Note 4 - Loans Receivable
Note 4 - Loans Receivable | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 4 Loans receivable are as follows: June 30, 2022 December 31, 2021 One-to-four family residential real estate $ 26,247 $ 30,133 Multi-family mortgage 485,742 426,136 Nonresidential real estate 115,983 103,172 Construction and land 84 — Commercial loans and leases 519,662 489,512 Consumer 1,574 1,685 1,149,292 1,050,638 Net deferred loan origination costs 653 284 Allowance for loan losses (7,202 ) (6,715 ) Loans, net $ 1,142,743 $ 1,044,207 The following tables present the balance in the allowance for loan losses and loans receivable by portfolio segment and based on impairment method: Allowance for loan losses Loan Balances Individually evaluated for impairment Collectively evaluated for impairment Total Individually evaluated for impairment Collectively evaluated for impairment Total June 30, 2022 One-to-four family residential real estate $ — $ 286 $ 286 $ 1,046 $ 25,201 $ 26,247 Multi-family mortgage — 3,630 3,630 485 485,257 485,742 Nonresidential real estate — 1,093 1,093 — 115,983 115,983 Construction and land — 2 2 — 84 84 Commercial loans and leases — 2,149 2,149 667 518,995 519,662 Consumer — 42 42 — 1,574 1,574 $ — $ 7,202 $ 7,202 $ 2,198 $ 1,147,094 1,149,292 Net deferred loan origination costs 653 Allowance for loan losses (7,202 ) Loans, net $ 1,142,743 Allowance for loan losses Loan Balances Individually evaluated for impairment Collectively evaluated for impairment Total Individually evaluated for impairment Collectively evaluated for impairment Total December 31, 2021 One-to-four family residential real estate $ — $ 331 $ 331 $ 1,299 $ 28,834 $ 30,133 Multi-family mortgage — 3,377 3,377 498 425,638 426,136 Nonresidential real estate 30 1,281 1,311 297 102,875 103,172 Commercial loans and leases — 1,652 1,652 76 489,436 489,512 Consumer — 44 44 — 1,685 1,685 $ 30 $ 6,685 $ 6,715 $ 2,170 $ 1,048,468 1,050,638 Net deferred loan origination costs 284 Allowance for loan losses (6,715 ) Loans, net $ 1,044,207 The following table represents the activity in the allowance for loan losses by portfolio segment: Beginning balance Provision for (recovery of) loan losses Loans charged off Recoveries Ending balance For the three months ended June 30, 2022 One-to-four family residential real estate $ 315 $ (31 ) $ (1 ) $ 3 $ 286 Multi-family mortgage 3,390 236 — 4 3,630 Nonresidential real estate 957 134 — 2 1,093 Construction and land — 2 — — 2 Commercial loans and leases 2,078 122 (51 ) — 2,149 Consumer 46 (4 ) (15 ) 15 42 $ 6,786 $ 459 $ (67 ) $ 24 $ 7,202 June 30, 2021 One-to-four family residential real estate $ 465 $ (118 ) $ — $ 49 $ 396 Multi-family mortgage 3,902 (222 ) — 10 3,690 Nonresidential real estate 1,592 (256 ) — — 1,336 Construction and land 12 (1 ) — — 11 Commercial loans and leases 1,377 (87 ) — 87 1,377 Consumer 47 6 (6 ) — 47 $ 7,395 $ (678 ) $ (6 ) $ 146 $ 6,857 Beginning balance Provision for (recovery of) loan losses Loans charged off Recoveries Ending balance For the six months ended June 30, 2022 One-to-four family residential real estate $ 331 $ (45 ) $ (5 ) $ 5 $ 286 Multi-family mortgage 3,377 244 — 9 3,630 Nonresidential real estate 1,311 (28 ) (192 ) 2 1,093 Construction and land — 2 — 2 Commercial loans and leases 1,652 547 (51 ) 1 2,149 Consumer 44 15 (33 ) 16 42 $ 6,715 $ 735 $ (281 ) $ 33 $ 7,202 June 30, 2021 One-to-four family residential real estate $ 518 $ (231 ) $ — $ 109 $ 396 Multi-family mortgage 4,062 (393 ) — 21 3,690 Nonresidential real estate 1,569 (233 ) — — 1,336 Construction and land 12 (1 ) — — 11 Commercial loans and leases 1,536 (161 ) (86 ) 88 1,377 Consumer 54 6 (15 ) 2 47 $ 7,751 $ (1,013 ) $ (101 ) $ 220 $ 6,857 Impaired loans The following tables present loans individually evaluated for impairment by class of loans: Three Months Ended Six Months Ended June 30, 2022 June 30, 2022 Loan Balance Recorded Investment Partial Charge-off Allowance for Loan Losses Allocated Average Investment in Impaired Loans Interest Income Recognized Average Investment in Impaired Loans Interest Income Recognized June 30, 2022 With no related allowance recorded: One-to-four family residential real estate $ 1,046 $ 1,046 $ — $ — $ 1,057 $ 5 $ 1,132 $ 11 Multi-family mortgage - Illinois 485 485 — — 748 7 640 14 Commercial loans and leases 689 667 10 — 279 3 195 9 $ 2,220 $ 2,198 $ 10 $ — $ 2,084 $ 15 $ 1,967 $ 34 Year ended December 31, 2021 Loan Balance Recorded Investment Partial Charge-off Allowance for Loan Losses Allocated Average Investment in Impaired Loans Interest Income Recognized December 31, 2021 With no related allowance recorded: One-to-four family residential real estate $ 1,299 $ 1,299 $ — $ — $ 1,473 $ 29 Multi-family mortgage - Illinois 498 498 — — 509 30 Commercial loans and leases 83 76 7 — 7 — 1,880 1,873 7 — 1,989 59 With an allowance recorded - nonresidential real estate 280 297 7 30 296 — $ 2,160 $ 2,170 $ 14 $ 30 $ 2,285 $ 59 Nonaccrual Loans The following tables present the recorded investment in nonaccrual and loans 90 Nonaccrual Recorded Investment Loans Past Due Over 90 Days Still Accruing June 30, 2022 One-to-four family residential real estate $ 323 $ — Equipment finance 610 753 $ 933 $ 753 December 31, 2021 One-to-four family residential real estate $ 367 $ — Nonresidential real estate 297 — Asset based & factored receivables — 10 Equipment finance 76 — $ 740 $ 10 Nonaccrual loans and impaired loans are defined differently. Some loans may may one The Company’s reserve for uncollected loan interest was $58,000 and $140,000 at June 30, 2022 December 31, 2021 310–10, 310–10, Past Due Loans The following tables present the aging of the recorded investment of loans by class of loans: 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due Total Past Due Loans Not Past Due Total June 30, 2022 One-to-four family residential real estate loans: Owner occupied $ — $ 224 $ 301 $ 525 $ 21,025 $ 21,550 Non-owner occupied 2 81 — 83 4,614 4,697 Multi-family mortgage: Illinois — — — — 277,845 277,845 Other — — — — 207,897 207,897 Nonresidential real estate — — — — 115,983 115,983 Construction and land — — — — 84 84 Commercial loans and leases: Commercial — — — — 53,772 53,772 Asset based & factored receivables 254 60 — 314 32,546 32,860 Equipment finance: Government — 17,090 — 17,090 191,797 208,887 Corporate - Investment-grade — 566 213 779 64,018 64,797 Corporate - Other 225 280 331 836 74,826 75,662 Middle market — 538 753 1,291 58,166 59,457 Small ticket — — 66 66 24,161 24,227 Consumer 5 11 — 16 1,558 1,574 $ 486 $ 18,850 $ 1,664 $ 21,000 $ 1,128,292 $ 1,149,292 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due Total Past Due Loans Not Past Due Total December 31, 2021 One-to-four family residential real estate loans: Owner occupied $ 181 $ 250 $ 367 $ 798 $ 23,333 $ 24,131 Non-owner occupied 2 9 — 11 5,991 6,002 Multi-family mortgage: Illinois 189 — — 189 235,681 235,870 Other — — — — 190,266 190,266 Nonresidential real estate — — 297 297 102,875 103,172 Commercial loans and leases: Commercial — — — — 67,995 67,995 Asset based & factored receivables 26 6 10 42 19,358 19,400 Equipment finance: Government 3,160 4,718 — 7,878 170,584 178,462 Corporate - Investment-grade 290 1,201 — 1,491 81,135 82,626 Corporate - Other 3,015 — 76 3,091 85,760 88,851 Middle market — — — — 40,582 40,582 Small ticket — — — — 11,596 11,596 Consumer 13 4 — 17 1,668 1,685 $ 6,876 $ 6,188 $ 750 $ 13,814 $ 1,036,824 $ 1,050,638 U.S. Small Business Administration Paycheck Protection Program (“PPP”) In response to the COVID- 19 March 27, 2020. The following table presents the PPP activity: Three Months Ended June 30, For the Six Months Ended June 30, 2022 2021 2022 2021 Paycheck Protection Program: Number of loans originated — 45 — 238 Loan balance originations $ — $ 1,511 $ — $ 10,135 Loan balance forgiven $ 773 $ 1,834 $ 3,132 $ 9,737 June 30, 2022 December 31, 2021 Paycheck Protection Program loans Number of loans 26 76 Loan balance $ 911 $ 4,043 Troubled Debt Restructurings (“TDR”) The Company evaluates loan extensions or modifications in accordance with FASB ASC 340 10 Under ASC 340 10, The Company had no TDRs at June 30, 2022 December 31, 2021 three six June 30, 2022 2021 three six June 30, 2022 2021 no twelve A loan is considered to be in payment default once it is 90 To determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Company’s internal underwriting policy. Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, including current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans based on credit risk. This analysis includes non-homogeneous loans, such as commercial and commercial real estate loans. This analysis is performed on a monthly basis. The Company uses the following definitions for risk ratings: Special Mention. may not not Substandard. may not not Nonaccrual. one Pass. not Based on the most recent analysis performed, the risk categories of loans by class of loans are as follows: Pass Special Mention Substandard Nonaccrual Total June 30, 2022 One-to-four family residential real estate loans: Owner occupied $ 20,876 $ — $ 351 $ 323 $ 21,550 Non-owner occupied 4,624 — 73 — 4,697 Multi-family mortgage: Illinois 277,524 321 — — 277,845 Other 207,897 — — — 207,897 Nonresidential real estate 115,983 — — — 115,983 Construction and land 84 — — — 84 Commercial loans and leases: Commercial 53,772 — — — 53,772 Asset based & factored receivables 29,044 3,816 — — 32,860 Equipment finance: Government 208,887 — — — 208,887 Corporate - Investment-grade 64,584 — — 213 64,797 Corporate - Other 75,275 — 56 331 75,662 Middle market 59,457 — — — 59,457 Small ticket 24,161 — — 66 24,227 Consumer 1,564 5 5 — 1,574 $ 1,143,732 $ 4,142 $ 485 $ 933 $ 1,149,292 Pass Special Mention Substandard Nonaccrual Total December 31, 2021 One-to-four family residential real estate loans: Owner occupied $ 23,396 $ — $ 368 $ 367 $ 24,131 Non-owner occupied 5,894 — 108 — 6,002 Multi-family mortgage: Illinois 235,545 325 — — 235,870 Other 190,266 — — — 190,266 Nonresidential real estate 102,875 — — 297 103,172 Commercial loans and leases: Commercial 67,995 — — — 67,995 Asset based & factored receivables 19,400 — — — 19,400 Equipment finance: Government 178,427 35 — — 178,462 Corporate - Investment-grade 82,626 — — — 82,626 Corporate - Other 87,685 1,090 — 76 88,851 Middle market 40,582 — — — 40,582 Small ticket 11,596 — — — 11,596 Consumer 1,675 4 6 — 1,685 $ 1,047,962 $ 1,454 $ 482 $ 740 $ 1,050,638 |
Note 5 - Foreclosed Assets
Note 5 - Foreclosed Assets | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Foreclosed Assets [Text Block] | NOTE 5 Real estate that is acquired through foreclosure or a deed in lieu of foreclosure is classified as other real estate owned ("OREO") until it is sold. When real estate is acquired through foreclosure or by deed in lieu of foreclosure, it is recorded at its fair value, less the estimated costs of disposal. If the fair value of the property is less than the loan balance, the difference is charged against the allowance for loan losses. Assets are classified as foreclosed when physical possession of the collateral is taken regardless of whether foreclosure proceedings have taken place. Other foreclosed assets received in satisfaction of borrowers debt are initially recorded at fair value of the asset less estimated costs to sell. June 30, 2022 December 31, 2021 Balance Valuation Allowance Net Balance Balance Valuation Allowance Net Balance Foreclosed assets - Nonresidential real estate OREO $ 274 $ — $ 274 $ — $ — $ — Other foreclosed assets 768 (200 ) 568 952 (227 ) 725 $ 1,042 $ (200 ) $ 842 $ 952 $ (227 ) $ 725 The following represents the roll forward of foreclosed assets: For the Three Months Ended For the Six Months Ended June 30, June 30, 2022 2021 2022 2021 Beginning balance $ 968 $ 4,630 $ 725 $ 157 New foreclosed assets 45 — 319 4,473 Valuation adjustments — (281 ) — (281 ) Valuation reductions from sales 19 — 27 — Sales (190 ) (2,647 ) (229 ) (2,647 ) Ending balance $ 842 $ 1,702 $ 842 $ 1,702 Activity in the valuation allowance is as follows: For the Three Months Ended For the Six Months Ended June 30, June 30, 2022 2021 2022 2021 Beginning balance $ 219 $ — $ 227 $ — Additions charged to expense — 281 — 281 Reductions from sales (19 ) — (27 ) — Ending balance $ 200 $ 281 $ 200 $ 281 The recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in proc ess was $73,000 at June 30, 2022 December 31, 2021 June 30, 2022 June 30, 2022 no |
Note 6 - Borrowings and Subordi
Note 6 - Borrowings and Subordinated Notes | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 6 Borrowings and subordinated notes were as follows: June 30, 2022 December 31, 2021 Contractual Contractual Rate Amount Rate Amount Fixed-rate advance from FHLB, due May 9, 2022 — % $ — — % $ 5,000 Subordinated notes, due May 15, 2031 3.75 % 19,612 3.75 % 19,590 Line of credit, due March 30, 2023 4.00 % — 2.50 % — In 2021, May 15, 2031 ( June 30, 2022 December 31, 2021 The Notes bear interest at a fixed annual rate of 3.75%, from and including the date of issuance to May 14, 2026, May 15, 2026 may May 15, 2031 May 15, 2026, Principal and interest payments due on the Notes are subject to acceleration only in limited circumstances in the case of certain bankruptcy and insolvency-related events with respect to the Company. The Notes are unsecured, subordinated obligations of the Company and generally rank junior in right of payment to the Company’s current and future senior indebtedness. The Notes qualify as Tier 2 In 2020, any established a $5.0 million unsecured line of credit with a correspondent bank. Interest is payable at a rate of Prime Rate as published in the Wall Street Journal minus 0.75%, with a minimum rate of 2.40%. The line of credit has been extended since its original maturity date and the current maturity date is March 30, 2023. June 30, 2022 December 31, 2021 |
Note 7 - Fair Value
Note 7 - Fair Value | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 7– Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three may • Level 1 • Level 2 1 not • Level 3 The Company used the following methods and significant assumptions to estimate the fair value of each type of financial instrument: Securities 1 2 Impaired loans: may may 3 Foreclosed assets: no may The following table sets forth the Company’s financial assets that were accounted for at fair value and are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Fair Value Measurements Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value June 30, 2022 Securities: Certificates of deposit $ — $ 248 $ — $ 248 Municipal securities — 387 — 387 U.S. Treasury Notes 152,577 — — 152,577 Mortgage-backed securities – residential — 4,382 — 4,382 Collateralized mortgage obligations – residential — 1,357 — 1,357 $ 152,577 $ 6,374 $ — $ 158,951 December 31, 2021 Securities: Certificates of deposit $ — $ 2,728 $ — $ 2,728 U.S. Treasury Notes 76,553 — — 76,553 Mortgage-backed securities - residential — 4,833 — 4,833 Collateralized mortgage obligations – residential — 1,580 — 1,580 $ 76,553 $ 9,141 $ — $ 85,694 The following table sets forth the Company’s assets that were measured at fair value on a non-recurring basis: Fair Value Measurement Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value June 30, 2022 Foreclosed assets $ — $ — $ 523 $ 523 December 31, 2021 Impaired loans $ — $ — $ 267 $ 267 Foreclosed assets $ — $ — $ 725 $ 725 Impaired loans, which are measured for impairment using the fair value of the collateral for collateral-dependent loans, had a carrying amount of $297,000, with a valuation allowance of $30,000 at December 31, 2021 . With respect to impaired loans, there was no three June 30, 2022, six June 30, 2022 no for the three six June 30, 2021 . Foreclosed assets are carried at the lower of cost or fair value less costs to sell. At June 30, 2022 foreclosed assets had a carrying value of $723,000 less a valuation allowance of $200,000, or $523,000. At December 31, 2021 , foreclosed assets had a carrying value of $952,000 less a valuation allowance of $227,000, $725,000. three six June 30, 2022 compared to three six June 30, 2021. The following table presents quantitative information, based on certain empirical data with respect to Level 3 Fair Value Valuation Technique(s) Significant Unobservable Input(s) Range (Weighted Average) June 30, 2022 Foreclosed assets $ 523 Redemption value Discount applied to valuation 8.4 % December 31, 2021 Impaired loans $ 267 Sales comparison Discount applied to valuation 22.0 % Foreclosed assets $ 725 Redemption value Discount applied to valuation 15.6 % The carrying amount and estimated fair value of financial instruments are as follows: Fair Value Measurements at June 30, 2022 Using: Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 270,471 $ 265,253 $ 5,218 $ — $ 270,471 Securities 158,951 152,577 6,374 — 158,951 Loans receivable, net of allowance for loan losses 1,142,743 — — 1,126,357 1,126,357 FHLB and FRB stock 7,490 — — — N /A Accrued interest receivable 6,660 278 11 6,371 6,660 Financial liabilities Certificates of deposit 193,110 — 190,200 — 190,200 Subordinated notes 19,612 — 18,675 — 18,675 Fair Value Measurements at December 31, 2021 Using: Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 502,162 $ 448,552 $ 53,610 $ — $ 502,162 Securities 85,694 76,553 9,141 — 85,694 Loans receivable, net of allowance for loan losses 1,044,207 — — 1,039,298 1,039,298 FHLB and FRB stock 7,490 — — — N /A Accrued interest receivable 4,648 79 13 4,556 4,648 Financial liabilities Certificates of deposit 206,918 — 206,530 — 206,530 Borrowings 5,000 — 4,999 — 4,999 Subordinated notes 19,590 — 20,240 — 20,240 Loans third may not While the above estimates are based on management’s judgment of the most appropriate factors, as of the balance sheet date, there is no may not In addition, other assets and liabilities that are not not |
Note 8 - Revenue From Contracts
Note 8 - Revenue From Contracts With Customers | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | NOTE 8 All of the Company's revenue from contracts with customers within the scope of ASC 606 606 Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Deposit service charges and fees $ 826 $ 800 $ 1,607 $ 1,538 Loan servicing fees (1) 190 141 291 196 Mortgage brokerage and banking fees (1) 9 5 17 17 Trust and insurance commissions and annuities income 262 283 600 617 Earnings on bank-owned life insurance (1) 11 30 39 51 Bank-owned life insurance death benefit (1) 446 — 446 — Other (1) 95 167 283 265 Total noninterest income $ 1,839 $ 1,426 $ 3,283 $ 2,684 ( 1 Not 606 A description of the Company's revenue streams accounted for under ASC 606 Deposit service charges and fees: Interchange income: three June 30, 2022 2021 six June 30, 2022 2021 Trust and insurance commissions and annuities income: i.e Gains/losses on sales of foreclosed assets and other assets: for the three six June 30, 2022 2021 not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation six June 30, 2022 not may December 31, 2022 Certain information and note disclosures normally included in financial statements prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates |
Loans and Loan Income [Policy Text Block] | Factored Receivables: may third June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 Factoring fees are recognized in interest income as incurred by the customer and deducted from the customer's reserve balances. Other factoring-related fees, which include wire transfer fees, broker fees, and other similar fees, are reported by the Company as loan servicing fees in noninterest income. |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications These unaudited consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10 December 31, 2021 |
New Accounting Pronouncements, Policy [Policy Text Block] | Newly Issued Not In June 2016, No. 2016 13, 326 2016 13” 2016 13 December 15, 2022. |
Note 2 - Earnings Per Share (Ta
Note 2 - Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Net income available to common stockholders $ 2,567 $ 1,926 $ 3,835 $ 3,395 Basic and diluted weighted average common shares outstanding 13,165,023 14,433,748 13,184,424 14,577,958 Basic and diluted earnings per common share $ 0.19 $ 0.13 $ 0.29 $ 0.23 |
Note 3 - Securities (Tables)
Note 3 - Securities (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block] | Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-Sale Securities June 30, 2022 Certificates of deposit $ 248 $ — $ — $ 248 Municipal securities 400 — (13 ) 387 U.S. Treasury Notes 157,573 197 (5,193 ) 152,577 Mortgage-backed securities - residential 4,362 53 (33 ) 4,382 Collateralized mortgage obligations - residential 1,366 — (9 ) 1,357 $ 163,949 $ 250 $ (5,248 ) $ 158,951 December 31, 2021 Certificates of deposit $ 2,728 $ — $ — $ 2,728 U.S. Treasury Notes 76,621 8 (76 ) 76,553 Mortgage-backed securities - residential 4,660 173 — 4,833 Collateralized mortgage obligations - residential 1,576 4 — 1,580 $ 85,585 $ 185 $ (76 ) $ 85,694 |
Investments Classified by Contractual Maturity Date [Table Text Block] | June 30, 2022 Amortized Cost Fair Value Due in one year or less $ 408 $ 407 Due after one year through five years 157,813 152,805 158,221 153,212 Mortgage-backed securities - residential 4,362 4,382 Collateralized mortgage obligations - residential 1,366 1,357 $ 163,949 $ 158,951 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less than 12 Months 12 Months or More Total Count Fair Value Unrealized Loss Count Fair Value Unrealized Loss Count Fair Value Unrealized Loss June 30, 2022 Municipal securities 2 $ 387 $ (13 ) — $ — $ — 2 $ 387 $ (13 ) U.S. Treasury Notes 187 123,930 (5,193 ) — — — 187 123,930 (5,193 ) Mortgage-backed securities - residential 15 2,746 (33 ) — — — 15 2,746 (33 ) Collateralized mortgage obligations - residential 5 1,126 (7 ) 1 197 (2 ) 6 1,323 (9 ) 209 $ 128,189 $ (5,246 ) 1 $ 197 $ (2 ) 210 $ 128,386 $ (5,248 ) December 31, 2021 U.S. Treasury Notes 53 $ 62,246 $ (76 ) — $ — $ — 53 $ 62,246 $ (76 ) |
Note 4 - Loans Receivable (Tabl
Note 4 - Loans Receivable (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | June 30, 2022 December 31, 2021 One-to-four family residential real estate $ 26,247 $ 30,133 Multi-family mortgage 485,742 426,136 Nonresidential real estate 115,983 103,172 Construction and land 84 — Commercial loans and leases 519,662 489,512 Consumer 1,574 1,685 1,149,292 1,050,638 Net deferred loan origination costs 653 284 Allowance for loan losses (7,202 ) (6,715 ) Loans, net $ 1,142,743 $ 1,044,207 |
Financing Receivable and Allowance for Loan Losses Based on Impairment Method [Table Text Block] | Allowance for loan losses Loan Balances Individually evaluated for impairment Collectively evaluated for impairment Total Individually evaluated for impairment Collectively evaluated for impairment Total June 30, 2022 One-to-four family residential real estate $ — $ 286 $ 286 $ 1,046 $ 25,201 $ 26,247 Multi-family mortgage — 3,630 3,630 485 485,257 485,742 Nonresidential real estate — 1,093 1,093 — 115,983 115,983 Construction and land — 2 2 — 84 84 Commercial loans and leases — 2,149 2,149 667 518,995 519,662 Consumer — 42 42 — 1,574 1,574 $ — $ 7,202 $ 7,202 $ 2,198 $ 1,147,094 1,149,292 Net deferred loan origination costs 653 Allowance for loan losses (7,202 ) Loans, net $ 1,142,743 Allowance for loan losses Loan Balances Individually evaluated for impairment Collectively evaluated for impairment Total Individually evaluated for impairment Collectively evaluated for impairment Total December 31, 2021 One-to-four family residential real estate $ — $ 331 $ 331 $ 1,299 $ 28,834 $ 30,133 Multi-family mortgage — 3,377 3,377 498 425,638 426,136 Nonresidential real estate 30 1,281 1,311 297 102,875 103,172 Commercial loans and leases — 1,652 1,652 76 489,436 489,512 Consumer — 44 44 — 1,685 1,685 $ 30 $ 6,685 $ 6,715 $ 2,170 $ 1,048,468 1,050,638 Net deferred loan origination costs 284 Allowance for loan losses (6,715 ) Loans, net $ 1,044,207 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Beginning balance Provision for (recovery of) loan losses Loans charged off Recoveries Ending balance For the three months ended June 30, 2022 One-to-four family residential real estate $ 315 $ (31 ) $ (1 ) $ 3 $ 286 Multi-family mortgage 3,390 236 — 4 3,630 Nonresidential real estate 957 134 — 2 1,093 Construction and land — 2 — — 2 Commercial loans and leases 2,078 122 (51 ) — 2,149 Consumer 46 (4 ) (15 ) 15 42 $ 6,786 $ 459 $ (67 ) $ 24 $ 7,202 June 30, 2021 One-to-four family residential real estate $ 465 $ (118 ) $ — $ 49 $ 396 Multi-family mortgage 3,902 (222 ) — 10 3,690 Nonresidential real estate 1,592 (256 ) — — 1,336 Construction and land 12 (1 ) — — 11 Commercial loans and leases 1,377 (87 ) — 87 1,377 Consumer 47 6 (6 ) — 47 $ 7,395 $ (678 ) $ (6 ) $ 146 $ 6,857 Beginning balance Provision for (recovery of) loan losses Loans charged off Recoveries Ending balance For the six months ended June 30, 2022 One-to-four family residential real estate $ 331 $ (45 ) $ (5 ) $ 5 $ 286 Multi-family mortgage 3,377 244 — 9 3,630 Nonresidential real estate 1,311 (28 ) (192 ) 2 1,093 Construction and land — 2 — 2 Commercial loans and leases 1,652 547 (51 ) 1 2,149 Consumer 44 15 (33 ) 16 42 $ 6,715 $ 735 $ (281 ) $ 33 $ 7,202 June 30, 2021 One-to-four family residential real estate $ 518 $ (231 ) $ — $ 109 $ 396 Multi-family mortgage 4,062 (393 ) — 21 3,690 Nonresidential real estate 1,569 (233 ) — — 1,336 Construction and land 12 (1 ) — — 11 Commercial loans and leases 1,536 (161 ) (86 ) 88 1,377 Consumer 54 6 (15 ) 2 47 $ 7,751 $ (1,013 ) $ (101 ) $ 220 $ 6,857 |
Impaired Financing Receivables [Table Text Block] | Three Months Ended Six Months Ended June 30, 2022 June 30, 2022 Loan Balance Recorded Investment Partial Charge-off Allowance for Loan Losses Allocated Average Investment in Impaired Loans Interest Income Recognized Average Investment in Impaired Loans Interest Income Recognized June 30, 2022 With no related allowance recorded: One-to-four family residential real estate $ 1,046 $ 1,046 $ — $ — $ 1,057 $ 5 $ 1,132 $ 11 Multi-family mortgage - Illinois 485 485 — — 748 7 640 14 Commercial loans and leases 689 667 10 — 279 3 195 9 $ 2,220 $ 2,198 $ 10 $ — $ 2,084 $ 15 $ 1,967 $ 34 Year ended December 31, 2021 Loan Balance Recorded Investment Partial Charge-off Allowance for Loan Losses Allocated Average Investment in Impaired Loans Interest Income Recognized December 31, 2021 With no related allowance recorded: One-to-four family residential real estate $ 1,299 $ 1,299 $ — $ — $ 1,473 $ 29 Multi-family mortgage - Illinois 498 498 — — 509 30 Commercial loans and leases 83 76 7 — 7 — 1,880 1,873 7 — 1,989 59 With an allowance recorded - nonresidential real estate 280 297 7 30 296 — $ 2,160 $ 2,170 $ 14 $ 30 $ 2,285 $ 59 |
Financing Receivable, Nonaccrual [Table Text Block] | Nonaccrual Recorded Investment Loans Past Due Over 90 Days Still Accruing June 30, 2022 One-to-four family residential real estate $ 323 $ — Equipment finance 610 753 $ 933 $ 753 December 31, 2021 One-to-four family residential real estate $ 367 $ — Nonresidential real estate 297 — Asset based & factored receivables — 10 Equipment finance 76 — $ 740 $ 10 |
Financing Receivable, Past Due [Table Text Block] | 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due Total Past Due Loans Not Past Due Total June 30, 2022 One-to-four family residential real estate loans: Owner occupied $ — $ 224 $ 301 $ 525 $ 21,025 $ 21,550 Non-owner occupied 2 81 — 83 4,614 4,697 Multi-family mortgage: Illinois — — — — 277,845 277,845 Other — — — — 207,897 207,897 Nonresidential real estate — — — — 115,983 115,983 Construction and land — — — — 84 84 Commercial loans and leases: Commercial — — — — 53,772 53,772 Asset based & factored receivables 254 60 — 314 32,546 32,860 Equipment finance: Government — 17,090 — 17,090 191,797 208,887 Corporate - Investment-grade — 566 213 779 64,018 64,797 Corporate - Other 225 280 331 836 74,826 75,662 Middle market — 538 753 1,291 58,166 59,457 Small ticket — — 66 66 24,161 24,227 Consumer 5 11 — 16 1,558 1,574 $ 486 $ 18,850 $ 1,664 $ 21,000 $ 1,128,292 $ 1,149,292 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due Total Past Due Loans Not Past Due Total December 31, 2021 One-to-four family residential real estate loans: Owner occupied $ 181 $ 250 $ 367 $ 798 $ 23,333 $ 24,131 Non-owner occupied 2 9 — 11 5,991 6,002 Multi-family mortgage: Illinois 189 — — 189 235,681 235,870 Other — — — — 190,266 190,266 Nonresidential real estate — — 297 297 102,875 103,172 Commercial loans and leases: Commercial — — — — 67,995 67,995 Asset based & factored receivables 26 6 10 42 19,358 19,400 Equipment finance: Government 3,160 4,718 — 7,878 170,584 178,462 Corporate - Investment-grade 290 1,201 — 1,491 81,135 82,626 Corporate - Other 3,015 — 76 3,091 85,760 88,851 Middle market — — — — 40,582 40,582 Small ticket — — — — 11,596 11,596 Consumer 13 4 — 17 1,668 1,685 $ 6,876 $ 6,188 $ 750 $ 13,814 $ 1,036,824 $ 1,050,638 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Pass Special Mention Substandard Nonaccrual Total June 30, 2022 One-to-four family residential real estate loans: Owner occupied $ 20,876 $ — $ 351 $ 323 $ 21,550 Non-owner occupied 4,624 — 73 — 4,697 Multi-family mortgage: Illinois 277,524 321 — — 277,845 Other 207,897 — — — 207,897 Nonresidential real estate 115,983 — — — 115,983 Construction and land 84 — — — 84 Commercial loans and leases: Commercial 53,772 — — — 53,772 Asset based & factored receivables 29,044 3,816 — — 32,860 Equipment finance: Government 208,887 — — — 208,887 Corporate - Investment-grade 64,584 — — 213 64,797 Corporate - Other 75,275 — 56 331 75,662 Middle market 59,457 — — — 59,457 Small ticket 24,161 — — 66 24,227 Consumer 1,564 5 5 — 1,574 $ 1,143,732 $ 4,142 $ 485 $ 933 $ 1,149,292 Pass Special Mention Substandard Nonaccrual Total December 31, 2021 One-to-four family residential real estate loans: Owner occupied $ 23,396 $ — $ 368 $ 367 $ 24,131 Non-owner occupied 5,894 — 108 — 6,002 Multi-family mortgage: Illinois 235,545 325 — — 235,870 Other 190,266 — — — 190,266 Nonresidential real estate 102,875 — — 297 103,172 Commercial loans and leases: Commercial 67,995 — — — 67,995 Asset based & factored receivables 19,400 — — — 19,400 Equipment finance: Government 178,427 35 — — 178,462 Corporate - Investment-grade 82,626 — — — 82,626 Corporate - Other 87,685 1,090 — 76 88,851 Middle market 40,582 — — — 40,582 Small ticket 11,596 — — — 11,596 Consumer 1,675 4 6 — 1,685 $ 1,047,962 $ 1,454 $ 482 $ 740 $ 1,050,638 |
Paycheck Protection Program Loans [Member] | |
Notes Tables | |
Schedule of Unusual or Infrequent Items, or Both [Table Text Block] | Three Months Ended June 30, For the Six Months Ended June 30, 2022 2021 2022 2021 Paycheck Protection Program: Number of loans originated — 45 — 238 Loan balance originations $ — $ 1,511 $ — $ 10,135 Loan balance forgiven $ 773 $ 1,834 $ 3,132 $ 9,737 June 30, 2022 December 31, 2021 Paycheck Protection Program loans Number of loans 26 76 Loan balance $ 911 $ 4,043 |
Note 5 - Foreclosed Assets (Tab
Note 5 - Foreclosed Assets (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Other Real Estate Owned and Other Foreclosed Assets [Table Text Block] | June 30, 2022 December 31, 2021 Balance Valuation Allowance Net Balance Balance Valuation Allowance Net Balance Foreclosed assets - Nonresidential real estate OREO $ 274 $ — $ 274 $ — $ — $ — Other foreclosed assets 768 (200 ) 568 952 (227 ) 725 $ 1,042 $ (200 ) $ 842 $ 952 $ (227 ) $ 725 |
Roll Forward of Foreclosed Assets [Table Text Block] | For the Three Months Ended For the Six Months Ended June 30, June 30, 2022 2021 2022 2021 Beginning balance $ 968 $ 4,630 $ 725 $ 157 New foreclosed assets 45 — 319 4,473 Valuation adjustments — (281 ) — (281 ) Valuation reductions from sales 19 — 27 — Sales (190 ) (2,647 ) (229 ) (2,647 ) Ending balance $ 842 $ 1,702 $ 842 $ 1,702 |
Foreclosed Assets, Valuation Allowance [Table Text Block] | For the Three Months Ended For the Six Months Ended June 30, June 30, 2022 2021 2022 2021 Beginning balance $ 219 $ — $ 227 $ — Additions charged to expense — 281 — 281 Reductions from sales (19 ) — (27 ) — Ending balance $ 200 $ 281 $ 200 $ 281 |
Note 6 - Borrowings and Subor_2
Note 6 - Borrowings and Subordinated Notes (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Federal Home Loan Bank, Advances [Table Text Block] | June 30, 2022 December 31, 2021 Contractual Contractual Rate Amount Rate Amount Fixed-rate advance from FHLB, due May 9, 2022 — % $ — — % $ 5,000 Subordinated notes, due May 15, 2031 3.75 % 19,612 3.75 % 19,590 Line of credit, due March 30, 2023 4.00 % — 2.50 % — |
Note 7 - Fair Value (Tables)
Note 7 - Fair Value (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Fair Value Measurements Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value June 30, 2022 Securities: Certificates of deposit $ — $ 248 $ — $ 248 Municipal securities — 387 — 387 U.S. Treasury Notes 152,577 — — 152,577 Mortgage-backed securities – residential — 4,382 — 4,382 Collateralized mortgage obligations – residential — 1,357 — 1,357 $ 152,577 $ 6,374 $ — $ 158,951 December 31, 2021 Securities: Certificates of deposit $ — $ 2,728 $ — $ 2,728 U.S. Treasury Notes 76,553 — — 76,553 Mortgage-backed securities - residential — 4,833 — 4,833 Collateralized mortgage obligations – residential — 1,580 — 1,580 $ 76,553 $ 9,141 $ — $ 85,694 |
Fair Value Measurements, Nonrecurring [Table Text Block] | Fair Value Measurement Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value June 30, 2022 Foreclosed assets $ — $ — $ 523 $ 523 December 31, 2021 Impaired loans $ — $ — $ 267 $ 267 Foreclosed assets $ — $ — $ 725 $ 725 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | Fair Value Valuation Technique(s) Significant Unobservable Input(s) Range (Weighted Average) June 30, 2022 Foreclosed assets $ 523 Redemption value Discount applied to valuation 8.4 % December 31, 2021 Impaired loans $ 267 Sales comparison Discount applied to valuation 22.0 % Foreclosed assets $ 725 Redemption value Discount applied to valuation 15.6 % |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Fair Value Measurements at June 30, 2022 Using: Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 270,471 $ 265,253 $ 5,218 $ — $ 270,471 Securities 158,951 152,577 6,374 — 158,951 Loans receivable, net of allowance for loan losses 1,142,743 — — 1,126,357 1,126,357 FHLB and FRB stock 7,490 — — — N /A Accrued interest receivable 6,660 278 11 6,371 6,660 Financial liabilities Certificates of deposit 193,110 — 190,200 — 190,200 Subordinated notes 19,612 — 18,675 — 18,675 Fair Value Measurements at December 31, 2021 Using: Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 502,162 $ 448,552 $ 53,610 $ — $ 502,162 Securities 85,694 76,553 9,141 — 85,694 Loans receivable, net of allowance for loan losses 1,044,207 — — 1,039,298 1,039,298 FHLB and FRB stock 7,490 — — — N /A Accrued interest receivable 4,648 79 13 4,556 4,648 Financial liabilities Certificates of deposit 206,918 — 206,530 — 206,530 Borrowings 5,000 — 4,999 — 4,999 Subordinated notes 19,590 — 20,240 — 20,240 |
Note 8 - Revenue From Contrac_2
Note 8 - Revenue From Contracts With Customers (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Deposit service charges and fees $ 826 $ 800 $ 1,607 $ 1,538 Loan servicing fees (1) 190 141 291 196 Mortgage brokerage and banking fees (1) 9 5 17 17 Trust and insurance commissions and annuities income 262 283 600 617 Earnings on bank-owned life insurance (1) 11 30 39 51 Bank-owned life insurance death benefit (1) 446 — 446 — Other (1) 95 167 283 265 Total noninterest income $ 1,839 $ 1,426 $ 3,283 $ 2,684 |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Factored Receivable Unpaid Principal Balance | $ 7,900,000 | $ 187,000 |
Factored Receivable, Customer Reserves | $ 962,000 | $ 122,000 |
Note 2 - Earnings Per Share - E
Note 2 - Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 20, 2022 | Jun. 30, 2021 | |
Net income available to common stockholders | $ 2,567 | $ 1,926 | $ 3,835 | $ 3,835 | $ 3,395 |
Basic and diluted weighted average common shares outstanding (in shares) | 13,165,023 | 14,433,748 | 13,184,424 | 14,577,958 | |
Basic and diluted earnings per common share (in dollars per share) | $ 0.19 | $ 0.13 | $ 0.29 | $ 0.23 |
Note 3 - Securities - Fair Valu
Note 3 - Securities - Fair Value of Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Amortized cost | $ 163,949 | $ 85,585 |
Gross unrealized gains | 250 | 185 |
Gross unrealized losses | (5,248) | (76) |
Fair value | 158,951 | 85,694 |
Certificates of Deposit [Member] | ||
Amortized cost | 248 | 2,728 |
Gross unrealized gains | 0 | 0 |
Gross unrealized losses | 0 | 0 |
Fair value | 248 | 2,728 |
US States and Political Subdivisions Debt Securities [Member] | ||
Amortized cost | 400 | |
Gross unrealized gains | 0 | |
Gross unrealized losses | (13) | |
Fair value | 387 | |
US Treasury Securities [Member] | ||
Amortized cost | 157,573 | 76,621 |
Gross unrealized gains | 197 | 8 |
Gross unrealized losses | (5,193) | (76) |
Fair value | 152,577 | 76,553 |
Residential Mortgage-Backed Securities [Member] | ||
Amortized cost | 4,362 | 4,660 |
Gross unrealized gains | 53 | 173 |
Gross unrealized losses | (33) | 0 |
Fair value | 4,382 | 4,833 |
Collateralized Mortgage-Backed Securities [Member] | ||
Amortized cost | 1,366 | 1,576 |
Gross unrealized gains | 0 | 4 |
Gross unrealized losses | (9) | 0 |
Fair value | $ 1,357 | $ 1,580 |
Note 3 - Securities - Amortized
Note 3 - Securities - Amortized Cost and Fair Value of Securities By Contractual Maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Due in one year or less, amortized cost | $ 408 | |
Due in one year or less, fair value | 407 | |
Due after one year through five years, amortized cost | 157,813 | |
Due after one year through five years | 152,805 | |
Amortized cost, single maturity date, amortized cost | 158,221 | |
Fair value, single maturity date | 153,212 | |
Amortized cost | 163,949 | $ 85,585 |
Fair value | 158,951 | 85,694 |
Residential Mortgage-Backed Securities [Member] | ||
Amortized cost, without single maturity date, amortized cost | 4,362 | |
Fair value, without single maturity date | 4,382 | |
Amortized cost | 4,362 | 4,660 |
Fair value | 4,382 | 4,833 |
Collateralized Mortgage-Backed Securities [Member] | ||
Amortized cost, without single maturity date, amortized cost | 1,366 | |
Fair value, without single maturity date | 1,357 | |
Amortized cost | 1,366 | 1,576 |
Fair value | $ 1,357 | $ 1,580 |
Note 3 - Securities - Securitie
Note 3 - Securities - Securities With Unrealized Losses (Details) $ in Thousands | Jun. 30, 2022 USD ($) | Dec. 31, 2021 USD ($) |
Count, less than 12 months | 209 | |
Collateralized mortgage obligations - residential, fair value | $ 128,189 | |
Unrealized loss, less than 12 months | $ (5,246) | |
Count, 12 months or more | 1 | |
Fair value, 12 months or more | $ 197 | |
Unrealized loss, 12 months or more | $ (2) | |
Count, total | 210 | |
Fair value, total | $ 128,386 | |
Unrealized loss, total | $ (5,248) | |
US States and Political Subdivisions Debt Securities [Member] | ||
Count, less than 12 months | 2 | |
Collateralized mortgage obligations - residential, fair value | $ 387 | |
Unrealized loss, less than 12 months | $ (13) | |
Count, 12 months or more | 0 | |
Fair value, 12 months or more | $ 0 | |
Unrealized loss, 12 months or more | $ 0 | |
Count, total | 2 | |
Fair value, total | $ 387 | |
Unrealized loss, total | $ (13) | |
US Treasury Securities [Member] | ||
Count, less than 12 months | 187 | 53 |
Collateralized mortgage obligations - residential, fair value | $ 123,930 | $ 62,246 |
Unrealized loss, less than 12 months | $ (5,193) | $ (76) |
Count, 12 months or more | 0 | 0 |
Fair value, 12 months or more | $ 0 | $ 0 |
Unrealized loss, 12 months or more | $ 0 | $ 0 |
Count, total | 187 | 53 |
Fair value, total | $ 123,930 | $ 62,246 |
Unrealized loss, total | $ (5,193) | $ (76) |
Residential Mortgage-Backed Securities [Member] | ||
Count, less than 12 months | 15 | |
Collateralized mortgage obligations - residential, fair value | $ 2,746 | |
Unrealized loss, less than 12 months | $ (33) | |
Count, 12 months or more | 0 | |
Fair value, 12 months or more | $ 0 | |
Unrealized loss, 12 months or more | $ 0 | |
Count, total | 15 | |
Fair value, total | $ 2,746 | |
Unrealized loss, total | $ (33) | |
Collateralized Mortgage-Backed Securities [Member] | ||
Count, less than 12 months | 5 | |
Collateralized mortgage obligations - residential, fair value | $ 1,126 | |
Unrealized loss, less than 12 months | $ (7) | |
Count, 12 months or more | 1 | |
Fair value, 12 months or more | $ 197 | |
Unrealized loss, 12 months or more | $ (2) | |
Count, total | 6 | |
Fair value, total | $ 1,323 | |
Unrealized loss, total | $ (9) |
Note 4 - Loans Receivable (Deta
Note 4 - Loans Receivable (Details Textual) Pure in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 USD ($) | Jun. 30, 2021 | Jun. 30, 2022 USD ($) | Jun. 30, 2021 | Dec. 31, 2021 USD ($) | |
Reserve for Uncollected Loan Interest | $ 58,000 | $ 58,000 | $ 140,000 | ||
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | $ 0 | $ 0 | $ 0 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 0 | ||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 |
Note 4 - Loans Receivable - Loa
Note 4 - Loans Receivable - Loans Receivable (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 |
Loans receivable | $ 1,149,292 | $ 1,050,638 | ||||
Net deferred loan origination costs | 653 | 284 | ||||
Allowance for loan losses | (7,202) | $ (6,786) | (6,715) | $ (6,857) | $ (7,395) | $ (7,751) |
Loans, net | 1,142,743 | 1,044,207 | ||||
Commercial Portfolio Segment [Member] | ||||||
Loans receivable | 519,662 | 489,512 | ||||
Allowance for loan losses | (2,149) | (2,078) | (1,652) | (1,377) | (1,377) | (1,536) |
Consumer Portfolio Segment [Member] | ||||||
Loans receivable | 1,574 | 1,685 | ||||
Allowance for loan losses | (42) | (46) | (44) | (47) | (47) | (54) |
One-to-Four Family Residential Real Estate [Member] | Real Estate Portfolio [Member] | ||||||
Loans receivable | 26,247 | 30,133 | ||||
Allowance for loan losses | (286) | (315) | (331) | (396) | (465) | (518) |
Multi-family Mortgage [Member] | Real Estate Portfolio [Member] | ||||||
Loans receivable | 485,742 | 426,136 | ||||
Allowance for loan losses | (3,630) | (3,390) | (3,377) | (3,690) | (3,902) | (4,062) |
Nonresidential Real Estate [Member] | Real Estate Portfolio [Member] | ||||||
Loans receivable | 115,983 | 103,172 | ||||
Allowance for loan losses | (1,093) | (957) | (1,311) | (1,336) | (1,592) | (1,569) |
Construction and Land Loans [Member] | ||||||
Loans receivable | 84 | 0 | ||||
Allowance for loan losses | $ (2) | $ 0 | $ 0 | $ (11) | $ (12) | $ (12) |
Note 4 - Loans Receivable - All
Note 4 - Loans Receivable - Allowance for Loan Losses and Loans Receivable (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 |
Allowance for loan losses, individually evaluated for impairment | $ 0 | $ 30 | ||||
Allowance for loan losses, collectively evaluated for impairment | 7,202 | 6,685 | ||||
Allowance for loan losses | 7,202 | $ 6,786 | 6,715 | $ 6,857 | $ 7,395 | $ 7,751 |
Loan balances, individually evaluated for impairment | 2,198 | 2,170 | ||||
Loan balances, collectively evaluated for impairment | 1,147,094 | 1,048,468 | ||||
Loans receivable | 1,149,292 | 1,050,638 | ||||
Net deferred loan origination costs | 653 | 284 | ||||
Allowance for loan losses | (7,202) | (6,786) | (6,715) | (6,857) | (7,395) | (7,751) |
Loans receivable, net of allowance for loan losses: June 30, 2022, $7,202 and December 31, 2021, $6,715 | 1,142,743 | 1,044,207 | ||||
Construction and Land Loans [Member] | ||||||
Allowance for loan losses, individually evaluated for impairment | 0 | |||||
Allowance for loan losses, collectively evaluated for impairment | 2 | |||||
Allowance for loan losses | 2 | 0 | 0 | 11 | 12 | 12 |
Loan balances, individually evaluated for impairment | 0 | |||||
Loan balances, collectively evaluated for impairment | 84 | |||||
Loans receivable | 84 | 0 | ||||
Allowance for loan losses | (2) | 0 | 0 | (11) | (12) | (12) |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate [Member] | ||||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||||
Allowance for loan losses, collectively evaluated for impairment | 286 | 331 | ||||
Allowance for loan losses | 286 | 315 | 331 | 396 | 465 | 518 |
Loan balances, individually evaluated for impairment | 1,046 | 1,299 | ||||
Loan balances, collectively evaluated for impairment | 25,201 | 28,834 | ||||
Loans receivable | 26,247 | 30,133 | ||||
Allowance for loan losses | (286) | (315) | (331) | (396) | (465) | (518) |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | ||||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||||
Allowance for loan losses, collectively evaluated for impairment | 3,630 | 3,377 | ||||
Allowance for loan losses | 3,630 | 3,390 | 3,377 | 3,690 | 3,902 | 4,062 |
Loan balances, individually evaluated for impairment | 485 | 498 | ||||
Loan balances, collectively evaluated for impairment | 485,257 | 425,638 | ||||
Loans receivable | 485,742 | 426,136 | ||||
Allowance for loan losses | (3,630) | (3,390) | (3,377) | (3,690) | (3,902) | (4,062) |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | ||||||
Allowance for loan losses, individually evaluated for impairment | 0 | 30 | ||||
Allowance for loan losses, collectively evaluated for impairment | 1,093 | 1,281 | ||||
Allowance for loan losses | 1,093 | 957 | 1,311 | 1,336 | 1,592 | 1,569 |
Loan balances, individually evaluated for impairment | 0 | 297 | ||||
Loan balances, collectively evaluated for impairment | 115,983 | 102,875 | ||||
Loans receivable | 115,983 | 103,172 | ||||
Allowance for loan losses | (1,093) | (957) | (1,311) | (1,336) | (1,592) | (1,569) |
Commercial Portfolio Segment [Member] | ||||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||||
Allowance for loan losses, collectively evaluated for impairment | 2,149 | 1,652 | ||||
Allowance for loan losses | 2,149 | 2,078 | 1,652 | 1,377 | 1,377 | 1,536 |
Loan balances, individually evaluated for impairment | 667 | 76 | ||||
Loan balances, collectively evaluated for impairment | 518,995 | 489,436 | ||||
Loans receivable | 519,662 | 489,512 | ||||
Allowance for loan losses | (2,149) | (2,078) | (1,652) | (1,377) | (1,377) | (1,536) |
Consumer Portfolio Segment [Member] | ||||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||||
Allowance for loan losses, collectively evaluated for impairment | 42 | 44 | ||||
Allowance for loan losses | 42 | 46 | 44 | 47 | 47 | 54 |
Loan balances, individually evaluated for impairment | 0 | 0 | ||||
Loan balances, collectively evaluated for impairment | 1,574 | 1,685 | ||||
Loans receivable | 1,574 | 1,685 | ||||
Allowance for loan losses | $ (42) | $ (46) | $ (44) | $ (47) | $ (47) | $ (54) |
Note 4 - Loans Receivable - Act
Note 4 - Loans Receivable - Activity in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Beginning balance | $ 6,786 | $ 7,395 | $ 6,715 | $ 7,751 |
Provision for (recovery of) loan losses | 459 | (678) | 735 | (1,013) |
Loans charged off | (67) | (6) | (281) | (101) |
Recoveries | 24 | 146 | 33 | 220 |
Total ending allowance balance | 7,202 | 6,857 | 7,202 | 6,857 |
Commercial Portfolio Segment [Member] | ||||
Beginning balance | 2,078 | 1,377 | 1,652 | 1,536 |
Provision for (recovery of) loan losses | 122 | (87) | 547 | (161) |
Loans charged off | (51) | 0 | (51) | (86) |
Recoveries | 0 | 87 | 1 | 88 |
Total ending allowance balance | 2,149 | 1,377 | 2,149 | 1,377 |
Consumer Portfolio Segment [Member] | ||||
Beginning balance | 46 | 47 | 44 | 54 |
Provision for (recovery of) loan losses | (4) | 6 | 15 | 6 |
Loans charged off | (15) | (6) | (33) | (15) |
Recoveries | 15 | 0 | 16 | 2 |
Total ending allowance balance | 42 | 47 | 42 | 47 |
One-to-Four Family Residential Real Estate [Member] | Real Estate Portfolio [Member] | ||||
Beginning balance | 315 | 465 | 331 | 518 |
Provision for (recovery of) loan losses | (31) | (118) | (45) | (231) |
Loans charged off | (1) | 0 | (5) | 0 |
Recoveries | 3 | 49 | 5 | 109 |
Total ending allowance balance | 286 | 396 | 286 | 396 |
Multi-family Mortgage [Member] | Real Estate Portfolio [Member] | ||||
Beginning balance | 3,390 | 3,902 | 3,377 | 4,062 |
Provision for (recovery of) loan losses | 236 | (222) | 244 | (393) |
Recoveries | 4 | 10 | 9 | 21 |
Total ending allowance balance | 3,630 | 3,690 | 3,630 | 3,690 |
Nonresidential Real Estate [Member] | Real Estate Portfolio [Member] | ||||
Beginning balance | 957 | 1,592 | 1,311 | 1,569 |
Provision for (recovery of) loan losses | 134 | (256) | (28) | (233) |
Loans charged off | 0 | (192) | ||
Total ending allowance balance | 1,093 | 1,336 | 1,093 | 1,336 |
Construction and Land Loans [Member] | ||||
Beginning balance | 0 | 12 | 0 | 12 |
Provision for (recovery of) loan losses | 2 | (1) | 2 | (1) |
Loans charged off | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Total ending allowance balance | $ 2 | $ 11 | $ 2 | $ 11 |
Note 4 - Loans Receivable - L_2
Note 4 - Loans Receivable - Loans Individually Evaluated for Impairment By Class (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | |
Loan balance, with no allowance recorded | $ 2,220 | $ 2,220 | $ 1,880 |
Recorded investment, with no allowance recorded | 2,198 | 2,198 | 1,873 |
Partial charge-off, with no allowance recorded | 10 | 10 | 7 |
Average investment in impaired loans, with no allowance recorded | 2,084 | 1,967 | 1,989 |
Interest income recognized, with no allowance recorded | 15 | 34 | 59 |
Loan balance, with no allowance recorded | 2,220 | 2,220 | 1,880 |
Recorded investment, with no allowance recorded | 2,198 | 2,198 | 1,873 |
Allowance for loan losses | 0 | 0 | 30 |
Recorded investment, with no allowance recorded | 2,198 | 2,198 | 1,873 |
Recorded investment, with no allowance recorded | 2,170 | ||
Partial charge-off, with no allowance recorded | 14 | ||
Allowance for loan losses | 30 | ||
Average investment in impaired loans, with no allowance recorded | 2,285 | ||
Interest income recognized, with no related allowance recorded | 59 | ||
Loan balance, with allowance recorded | 2,160 | ||
Nonresidential Real Estate Loans [Member] | |||
Loan balance, with allowance recorded | 280 | ||
Recorded investment, with no allowance recorded | 297 | ||
Partial charge-off, with no allowance recorded | 7 | ||
Allowance for loan losses | 30 | ||
Average investment in impaired loans, with no allowance recorded | 296 | ||
Interest income recognized, with no related allowance recorded | 0 | ||
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate [Member] | |||
Loan balance, with no allowance recorded | 1,046 | 1,046 | 1,299 |
Recorded investment, with no allowance recorded | 1,046 | 1,046 | 1,299 |
Partial charge-off, with no allowance recorded | 0 | 0 | 0 |
Average investment in impaired loans, with no allowance recorded | 1,057 | 1,132 | 1,473 |
Interest income recognized, with no allowance recorded | 5 | 11 | 29 |
Loan balance, with no allowance recorded | 1,046 | 1,046 | 1,299 |
Recorded investment, with no allowance recorded | 1,046 | 1,046 | 1,299 |
Allowance for loan losses | 0 | 0 | 0 |
Recorded investment, with no allowance recorded | 1,046 | 1,046 | 1,299 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | |||
Allowance for loan losses | 0 | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | ILLINOIS | |||
Loan balance, with no allowance recorded | 485 | 485 | 498 |
Recorded investment, with no allowance recorded | 485 | 485 | 498 |
Partial charge-off, with no allowance recorded | 0 | 0 | 0 |
Average investment in impaired loans, with no allowance recorded | 748 | 640 | 509 |
Interest income recognized, with no allowance recorded | 7 | 14 | 30 |
Loan balance, with no allowance recorded | 485 | 485 | 498 |
Recorded investment, with no allowance recorded | 485 | 485 | 498 |
Recorded investment, with no allowance recorded | 485 | 485 | 498 |
Real Estate Portfolio [Member] | Commercial leases [Member] | |||
Loan balance, with no allowance recorded | 689 | 689 | 83 |
Recorded investment, with no allowance recorded | 667 | 667 | 76 |
Partial charge-off, with no allowance recorded | 10 | 10 | 7 |
Average investment in impaired loans, with no allowance recorded | 279 | 195 | 7 |
Interest income recognized, with no allowance recorded | 3 | 9 | 0 |
Loan balance, with no allowance recorded | 689 | 689 | 83 |
Recorded investment, with no allowance recorded | 667 | 667 | 76 |
Allowance for loan losses | 0 | 0 | |
Recorded investment, with no allowance recorded | $ 667 | $ 667 | $ 76 |
Note 4 - Loans Receivable - Rec
Note 4 - Loans Receivable - Recorded Investment in Nonaccrual Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Recorded investment | $ 933 | $ 740 |
Loans past due over 90 days, still accruing | 753 | 10 |
Asset-based and Factored Receivables [Member] | ||
Recorded investment | 0 | |
Loans past due over 90 days, still accruing | 10 | |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate [Member] | ||
Recorded investment | 323 | 367 |
Loans past due over 90 days, still accruing | 0 | 0 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | ||
Recorded investment | 297 | |
Loans past due over 90 days, still accruing | 0 | |
Equipment Finance Leases, Other [Member] | ||
Recorded investment | 610 | 76 |
Loans past due over 90 days, still accruing | $ 753 | $ 0 |
Note 4 - Loans Receivable - Agi
Note 4 - Loans Receivable - Aging of the Recorded Investment of Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Loans receivable | $ 1,149,292 | $ 1,050,638 |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 486 | 6,876 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 18,850 | 6,188 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 1,664 | 750 |
Financial Asset, Past Due [Member] | ||
Loans receivable | 21,000 | 13,814 |
Financial Asset, Not Past Due [Member] | ||
Loans receivable | 1,128,292 | 1,036,824 |
Construction and Land Loans [Member] | ||
Loans receivable | 84 | 0 |
Construction and Land Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 0 | |
Construction and Land Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 0 | |
Construction and Land Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | |
Construction and Land Loans [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 0 | |
Construction and Land Loans [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 84 | |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | ||
Loans receivable | 21,550 | 24,131 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 0 | 181 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 224 | 250 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 301 | 367 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 525 | 798 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 21,025 | 23,333 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | ||
Loans receivable | 4,697 | 6,002 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 2 | 2 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 81 | 9 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 83 | 11 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 4,614 | 5,991 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | ||
Loans receivable | 485,742 | 426,136 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | ILLINOIS | ||
Loans receivable | 277,845 | 235,870 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Other [Member] | ||
Loans receivable | 207,897 | 190,266 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ILLINOIS | ||
Loans receivable | 0 | 189 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ILLINOIS | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ILLINOIS | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, Past Due [Member] | ILLINOIS | ||
Loans receivable | 0 | 189 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, Past Due [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, Not Past Due [Member] | ILLINOIS | ||
Loans receivable | 277,845 | 235,681 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, Not Past Due [Member] | Other [Member] | ||
Loans receivable | 207,897 | 190,266 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | ||
Loans receivable | 115,983 | 103,172 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 297 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 0 | 297 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 115,983 | 102,875 |
Commercial Portfolio Segment [Member] | ||
Loans receivable | 519,662 | 489,512 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | ||
Loans receivable | 53,772 | 67,995 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 53,772 | 67,995 |
Commercial Portfolio Segment [Member] | Asset-based and Factored Receivables [Member] | ||
Loans receivable | 32,860 | 19,400 |
Commercial Portfolio Segment [Member] | Asset-based and Factored Receivables [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 254 | 26 |
Commercial Portfolio Segment [Member] | Asset-based and Factored Receivables [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 60 | 6 |
Commercial Portfolio Segment [Member] | Asset-based and Factored Receivables [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 10 |
Commercial Portfolio Segment [Member] | Asset-based and Factored Receivables [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 314 | 42 |
Commercial Portfolio Segment [Member] | Asset-based and Factored Receivables [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 32,546 | 19,358 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | ||
Loans receivable | 208,887 | 178,462 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 0 | 3,160 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 17,090 | 4,718 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 17,090 | 7,878 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 191,797 | 170,584 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | ||
Loans receivable | 64,797 | 82,626 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 0 | 290 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 566 | 1,201 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 213 | 0 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 779 | 1,491 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 64,018 | 81,135 |
Finance Leases Portfolio Segment [Member] | Other [Member] | ||
Loans receivable | 75,662 | 88,851 |
Finance Leases Portfolio Segment [Member] | Other [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 225 | 3,015 |
Finance Leases Portfolio Segment [Member] | Other [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 280 | 0 |
Finance Leases Portfolio Segment [Member] | Other [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 331 | 76 |
Finance Leases Portfolio Segment [Member] | Other [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 836 | 3,091 |
Finance Leases Portfolio Segment [Member] | Other [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 74,826 | 85,760 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | ||
Loans receivable | 59,457 | 40,582 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 538 | 0 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 753 | 0 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 1,291 | 0 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 58,166 | 40,582 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | ||
Loans receivable | 24,227 | 11,596 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 66 | 0 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 66 | 0 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 24,161 | 11,596 |
Consumer Portfolio Segment [Member] | ||
Loans receivable | 1,574 | 1,685 |
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 5 | 13 |
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 11 | 4 |
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Consumer Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 16 | 17 |
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | $ 1,558 | $ 1,668 |
Note 4 - Loans Receivable - PPP
Note 4 - Loans Receivable - PPP activity (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) | |
Loans receivable | $ 1,149,292 | $ 1,149,292 | $ 1,050,638 | ||
SBA CARES Act Paycheck Protection Program [Member] | |||||
Number of loans originated | 0 | 45 | 0 | 238 | |
Loan balance originations | $ 0 | $ 1,511 | $ 0 | $ 10,135 | |
Loan balance forgiven | $ 773 | $ 1,834 | $ 3,132 | $ 9,737 | |
Number of loans | 26 | 26 | 76 | ||
Loans receivable | $ 911 | $ 911 | $ 4,043 |
Note 4 - Loans Receivable - Ris
Note 4 - Loans Receivable - Risk Categories of Loans By Class of Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Loans receivable | $ 1,149,292 | $ 1,050,638 |
Pass [Member] | ||
Loans receivable | 1,143,732 | 1,047,962 |
Special Mention [Member] | ||
Loans receivable | 4,142 | 1,454 |
Substandard [Member] | ||
Loans receivable | 485 | 482 |
Nonaccrual [Member] | ||
Loans receivable | 933 | 740 |
Construction and Land Loans [Member] | ||
Loans receivable | 84 | 0 |
Construction and Land Loans [Member] | Pass [Member] | ||
Loans receivable | 84 | |
Construction and Land Loans [Member] | Special Mention [Member] | ||
Loans receivable | 0 | |
Construction and Land Loans [Member] | Substandard [Member] | ||
Loans receivable | 0 | |
Construction and Land Loans [Member] | Nonaccrual [Member] | ||
Loans receivable | 0 | |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | ||
Loans receivable | 21,550 | 24,131 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | Pass [Member] | ||
Loans receivable | 20,876 | 23,396 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | Substandard [Member] | ||
Loans receivable | 351 | 368 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | Nonaccrual [Member] | ||
Loans receivable | 323 | 367 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | ||
Loans receivable | 4,697 | 6,002 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | Pass [Member] | ||
Loans receivable | 4,624 | 5,894 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | Substandard [Member] | ||
Loans receivable | 73 | 108 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | Nonaccrual [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | ||
Loans receivable | 485,742 | 426,136 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | ILLINOIS | ||
Loans receivable | 277,845 | 235,870 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Other [Member] | ||
Loans receivable | 207,897 | 190,266 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Pass [Member] | ILLINOIS | ||
Loans receivable | 277,524 | 235,545 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Pass [Member] | Other [Member] | ||
Loans receivable | 207,897 | 190,266 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Special Mention [Member] | ILLINOIS | ||
Loans receivable | 321 | 325 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Special Mention [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Substandard [Member] | ILLINOIS | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Substandard [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Nonaccrual [Member] | ILLINOIS | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Nonaccrual [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | ||
Loans receivable | 115,983 | 103,172 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Pass [Member] | ||
Loans receivable | 115,983 | 102,875 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Substandard [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Nonaccrual [Member] | ||
Loans receivable | 0 | 297 |
Commercial Portfolio Segment [Member] | ||
Loans receivable | 519,662 | 489,512 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | ||
Loans receivable | 53,772 | 67,995 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | Pass [Member] | ||
Loans receivable | 53,772 | 67,995 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | Substandard [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | Nonaccrual [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Asset-based and Factored Receivables [Member] | ||
Loans receivable | 32,860 | 19,400 |
Commercial Portfolio Segment [Member] | Asset-based and Factored Receivables [Member] | Pass [Member] | ||
Loans receivable | 29,044 | 19,400 |
Commercial Portfolio Segment [Member] | Asset-based and Factored Receivables [Member] | Special Mention [Member] | ||
Loans receivable | 3,816 | 0 |
Commercial Portfolio Segment [Member] | Asset-based and Factored Receivables [Member] | Substandard [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Asset-based and Factored Receivables [Member] | Nonaccrual [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | ||
Loans receivable | 208,887 | 178,462 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | Pass [Member] | ||
Loans receivable | 208,887 | 178,427 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 35 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | Substandard [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | Nonaccrual [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | ||
Loans receivable | 64,797 | 82,626 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | Pass [Member] | ||
Loans receivable | 64,584 | 82,626 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | Substandard [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | Nonaccrual [Member] | ||
Loans receivable | 213 | 0 |
Finance Leases Portfolio Segment [Member] | Other [Member] | ||
Loans receivable | 75,662 | 88,851 |
Finance Leases Portfolio Segment [Member] | Other [Member] | Pass [Member] | ||
Loans receivable | 75,275 | 87,685 |
Finance Leases Portfolio Segment [Member] | Other [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 1,090 |
Finance Leases Portfolio Segment [Member] | Other [Member] | Substandard [Member] | ||
Loans receivable | 56 | 0 |
Finance Leases Portfolio Segment [Member] | Other [Member] | Nonaccrual [Member] | ||
Loans receivable | 331 | 76 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | ||
Loans receivable | 59,457 | 40,582 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | Pass [Member] | ||
Loans receivable | 59,457 | 40,582 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | Substandard [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | Nonaccrual [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | ||
Loans receivable | 24,227 | 11,596 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | Pass [Member] | ||
Loans receivable | 24,161 | 11,596 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | Substandard [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | Nonaccrual [Member] | ||
Loans receivable | 66 | 0 |
Consumer Portfolio Segment [Member] | ||
Loans receivable | 1,574 | 1,685 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Loans receivable | 1,564 | 1,675 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Loans receivable | 5 | 4 |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Loans receivable | 5 | 6 |
Consumer Portfolio Segment [Member] | Nonaccrual [Member] | ||
Loans receivable | $ 0 | $ 0 |
Note 5 - Foreclosed Assets (Det
Note 5 - Foreclosed Assets (Details Textual) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Mortgage Loans in Process of Foreclosure, Amount | $ 73,000 | $ 73,000 |
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Total | 842,000 | $ 725,000 |
Foreclosed Residential Real Estate Properties, Physical Possession Without Title [Member] | ||
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Total | $ 0 |
Note 5 - Foreclosed Assets - Re
Note 5 - Foreclosed Assets - Real Estate Acquired Through Foreclosure (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Foreclosed assets - Nonresidential real estate OREO | $ 274 | $ 0 |
Foreclosed assets - Nonresidential real estate OREO | 0 | 0 |
Foreclosed assets - Nonresidential real estate OREO | 274 | 0 |
Other foreclosed assets, gross | 768 | 952 |
Other foreclosed assets, valuation allowance | (200) | (227) |
Other foreclosed assets | 568 | 725 |
Other real estate owned and other foreclosed assets, gross | 1,042 | 952 |
Other real estate owned and other foreclosed assets, valuation allowance | (200) | (227) |
Total | $ 842 | $ 725 |
Note 5 - Foreclosed Assets- Rol
Note 5 - Foreclosed Assets- Roll Forward of Foreclosed Assets (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Beginning balance | $ 968 | $ 4,630 | $ 725 | $ 157 |
New foreclosed assets | 45 | 0 | 319 | 4,473 |
Valuation adjustments | 0 | (281) | 0 | (281) |
Valuation reductions from sales | 19 | 0 | 27 | 0 |
Sales | (190) | (2,647) | (229) | (2,647) |
Ending balance | $ 842 | $ 1,702 | $ 842 | $ 1,702 |
Note 5 - Foreclosed Assets - Ac
Note 5 - Foreclosed Assets - Activity in the Valuation Allowance (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Beginning balance | $ 219,000 | $ 0 | $ 227,000 | $ 0 |
Additions charged to expense | 0 | 281,000 | 0 | 281,000 |
Reductions from sales | (19,000) | 0 | (27,000) | 0 |
Ending balance | $ 200,000 | $ 281,000 | $ 200,000 | $ 281,000 |
Note 6 - Borrowings and Subor_3
Note 6 - Borrowings and Subordinated Notes (Details Textual) - USD ($) | 12 Months Ended | |||
Apr. 14, 2021 | Dec. 31, 2020 | Jun. 30, 2022 | Dec. 31, 2021 | |
Federal Home Loan Bank Advances [Member] | ||||
Debt, Long-term and Short-term, Combined Amount, Total | $ 0 | $ 0 | ||
Line of Credit [Member] | Unsecured Debt [Member] | ||||
Line of Credit, Current | $ 5,000,000 | |||
Debt Instrument, Prime Rate Floor | 2.40% | |||
Prime Rate [Member] | Line of Credit [Member] | Unsecured Debt [Member] | ||||
Debt Instrument, Basis Spread on Variable Rate | 0.75% | |||
The 3.75 Percent Fixed-to-Floating Rate Subordinated Notes [Member] | ||||
Debt Instrument, Face Amount | $ 20,000,000 | |||
Debt Instrument, Interest Rate, Stated Percentage | 3.75% | |||
Debt Issuance Costs, Net, Total | $ 441,000 | $ 388,000 | $ 410,000 | |
Debt Instrument, Term (Year) | 10 years | |||
The 3.75 Percent Fixed-to-Floating Rate Subordinated Notes [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | ||||
Debt Instrument, Basis Spread on Variable Rate | 2.99% |
Note 6 - Borrowings and Subor_4
Note 6 - Borrowings and Subordinated Notes - Advances From the FHLB (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Fixed-rate advance from FHLB, due May 9, 2022, interest rate | 0% | 0% |
Fixed-rate advance from FHLB, due May 9, 2022 | $ 0 | $ 5,000 |
Subordinated notes, net of unamortized issuance costs | $ 19,612 | $ 19,590 |
Line of credit, due March 31, 2022, interest rate | 4% | 2.50% |
Line of credit, due March 30, 2023 | $ 0 | $ 0 |
Subordinated Debt [Member] | ||
Subordinated notes, due May 15, 2031 | 3.75% | 3.75% |
Note 7 - Fair Value (Details Te
Note 7 - Fair Value (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Mar. 31, 2022 | Dec. 31, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | |
Impaired Loans, Fair Value Disclosure | $ 297,000 | |||||||
Impaired Loans, Valuation Allowance | 30,000 | |||||||
Foreclosed Assets, Gross | $ 723,000 | $ 723,000 | 952,000 | |||||
Foreclosed Assets, Valuation Allowance | 200,000 | $ 281,000 | 200,000 | $ 281,000 | $ 219,000 | 227,000 | $ 0 | $ 0 |
Foreclosed Assets, Net of Valuation Reserve | 523,000 | 523,000 | $ 725,000 | |||||
Foreclosed Assets Valuation Adjustments, With Valuation Reserve | 0 | 281,000 | 0 | 281,000 | ||||
Impaired Loans [Member] | ||||||||
Impaired Loans, Valuation Allowance | $ 30,000 | $ 28,000 | $ 30,000 | $ 28,000 |
Note 7 - Fair Value - Financial
Note 7 - Fair Value - Financial Assets At Fair Value (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Securities | $ 158,951 | $ 85,694 |
Certificates of Deposit [Member] | ||
Securities | 248 | 2,728 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities | 387 | |
US Treasury and Government [Member] | ||
Securities | 152,577 | |
Residential Mortgage-Backed Securities [Member] | ||
Securities | 4,382 | 4,833 |
Collateralized Mortgage-Backed Securities [Member] | ||
Securities | 1,357 | 1,580 |
US Treasury Securities [Member] | ||
Securities | 152,577 | 76,553 |
Fair Value, Inputs, Level 1 [Member] | ||
Securities | 152,577 | 76,553 |
Fair Value, Inputs, Level 1 [Member] | Certificates of Deposit [Member] | ||
Securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Securities | 0 | |
Fair Value, Inputs, Level 1 [Member] | US Treasury and Government [Member] | ||
Securities | 152,577 | |
Fair Value, Inputs, Level 1 [Member] | Residential Mortgage-Backed Securities [Member] | ||
Securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage-Backed Securities [Member] | ||
Securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | US Treasury Securities [Member] | ||
Securities | 76,553 | |
Fair Value, Inputs, Level 2 [Member] | ||
Securities | 6,374 | 9,141 |
Fair Value, Inputs, Level 2 [Member] | Certificates of Deposit [Member] | ||
Securities | 248 | 2,728 |
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Securities | 387 | |
Fair Value, Inputs, Level 2 [Member] | US Treasury and Government [Member] | ||
Securities | 0 | |
Fair Value, Inputs, Level 2 [Member] | Residential Mortgage-Backed Securities [Member] | ||
Securities | 4,382 | 4,833 |
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage-Backed Securities [Member] | ||
Securities | 1,357 | 1,580 |
Fair Value, Inputs, Level 2 [Member] | US Treasury Securities [Member] | ||
Securities | 0 | |
Fair Value, Inputs, Level 3 [Member] | ||
Securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Certificates of Deposit [Member] | ||
Securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Securities | 0 | |
Fair Value, Inputs, Level 3 [Member] | US Treasury and Government [Member] | ||
Securities | 0 | |
Fair Value, Inputs, Level 3 [Member] | Residential Mortgage-Backed Securities [Member] | ||
Securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage-Backed Securities [Member] | ||
Securities | $ 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | US Treasury Securities [Member] | ||
Securities | $ 0 |
Note 7 - Fair Value - Financi_2
Note 7 - Fair Value - Financial Assets At Fair Value on Non-recurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
One-to-Four Family Residential Real Estate [Member] | ||
Foreclosed assets | $ 523 | $ 725 |
One-to-Four Family Residential Real Estate [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Foreclosed assets | 0 | 0 |
One-to-Four Family Residential Real Estate [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Foreclosed assets | 0 | 0 |
One-to-Four Family Residential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Foreclosed assets | $ 523 | 725 |
Nonresidential Real Estate [Member] | Real Estate Portfolio [Member] | ||
Impaired loans - nonresidential real estate, fair value | 267 | |
Nonresidential Real Estate [Member] | Fair Value, Inputs, Level 1 [Member] | Real Estate Portfolio [Member] | ||
Impaired loans - nonresidential real estate, fair value | 0 | |
Nonresidential Real Estate [Member] | Fair Value, Inputs, Level 2 [Member] | Real Estate Portfolio [Member] | ||
Impaired loans - nonresidential real estate, fair value | 0 | |
Nonresidential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | Real Estate Portfolio [Member] | ||
Impaired loans - nonresidential real estate, fair value | $ 267 |
Note 7 - Fair Value - Quantitat
Note 7 - Fair Value - Quantitative Information for Financial Instruments on Non-recurring Basis (Details) - Fair Value, Nonrecurring [Member] $ in Thousands | Jun. 30, 2022 USD ($) | Dec. 31, 2021 USD ($) |
One-to-Four Family Residential Real Estate [Member] | ||
Foreclosed assets | $ 523 | $ 725 |
One-to-Four Family Residential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Foreclosed assets | $ 523 | $ 725 |
One-to-Four Family Residential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | Valuation, Market Approach [Member] | Measurement Input, Discount Rate [Member] | ||
Foreclosed assets | 8.4 | 15.6 |
Nonresidential Real Estate [Member] | Real Estate Portfolio [Member] | ||
Impaired loans - nonresidential real estate, fair value | $ 267 | |
Nonresidential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | Real Estate Portfolio [Member] | ||
Impaired loans - nonresidential real estate, fair value | $ 267 | |
Nonresidential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | Valuation, Market Approach [Member] | Measurement Input, Discount Rate [Member] | Real Estate Portfolio [Member] | ||
Imapired loans, measurement input | 22 |
Note 7 - Fair Value - Carrying
Note 7 - Fair Value - Carrying Amount and Estimated Fair Value of Financial Instruments (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Securities | $ 158,951,000 | $ 85,694,000 |
Fair Value, Inputs, Level 1 [Member] | ||
Securities | 152,577,000 | 76,553,000 |
Fair Value, Inputs, Level 2 [Member] | ||
Securities | 6,374,000 | 9,141,000 |
Fair Value, Inputs, Level 3 [Member] | ||
Securities | 0 | 0 |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 270,471,000 | 502,162,000 |
Securities | 158,951,000 | 85,694,000 |
Loans receivable, net of allowance for loan losses | 1,142,743,000 | 1,044,207,000 |
FHLB and FRB stock | 7,490,000 | 7,490,000 |
Accrued interest receivable | 6,660,000 | 4,648,000 |
Certificates of deposit | 193,110,000 | 206,918,000 |
Subordinated notes | 19,612,000 | 19,590 |
Borrowings | 5,000,000 | |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 270,471,000 | 502,162,000 |
Securities | 158,951,000 | 85,694,000 |
Loans receivable, net of allowance for loan losses | 1,126,357,000 | 1,039,298,000 |
Accrued interest receivable | 6,660,000 | 4,648,000 |
Certificates of deposit | 190,200,000 | 206,530,000 |
Subordinated notes | 18,675,000 | 20,240 |
Borrowings | 4,999,000 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 265,253,000 | 448,552,000 |
Securities | 152,577,000 | 76,553,000 |
Loans receivable, net of allowance for loan losses | 0 | 0 |
FHLB and FRB stock | 0 | 0 |
Accrued interest receivable | 278,000 | 79,000 |
Certificates of deposit | 0 | 0 |
Subordinated notes | 0 | 0 |
Borrowings | 0 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | 5,218,000 | 53,610,000 |
Securities | 6,374,000 | 9,141,000 |
Loans receivable, net of allowance for loan losses | 0 | 0 |
FHLB and FRB stock | 0 | 0 |
Accrued interest receivable | 11,000 | 13,000 |
Certificates of deposit | 190,200,000 | 206,530,000 |
Subordinated notes | 18,675,000 | 20,240 |
Borrowings | 4,999,000 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and cash equivalents | 0 | 0 |
Securities | 0 | 0 |
Loans receivable, net of allowance for loan losses | 1,126,357,000 | 1,039,298,000 |
FHLB and FRB stock | 0 | 0 |
Accrued interest receivable | 6,371,000 | 4,556,000 |
Certificates of deposit | 0 | 0 |
Subordinated notes | $ 0 | 0 |
Borrowings | $ 0 |
Note 8 - Revenue From Contrac_3
Note 8 - Revenue From Contracts With Customers (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Revenue from Contract with Customer, Excluding Assessed Tax | $ 826,000 | $ 800,000 | $ 1,607,000 | $ 1,538,000 |
Credit and Debit Card [Member] | ||||
Revenue from Contract with Customer, Excluding Assessed Tax | $ 375,000 | $ 435,000 | $ 735,000 | $ 816,000 |
Note 8 - Revenue From Contrac_4
Note 8 - Revenue From Contracts With Customers - Noninterest Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | ||
Deposit service charges and fees | $ 826 | $ 800 | $ 1,607 | $ 1,538 | |
Loan servicing fees | [1] | 190 | 141 | 291 | 196 |
Mortgage brokerage and banking fees | [1] | 9 | 5 | 17 | 17 |
Earnings on bank-owned life insurance | [1] | 11 | 30 | 39 | 51 |
Bank-owned life insurance death benefit | [1] | 446 | 0 | 446 | 0 |
Other | [1] | 95 | 167 | 283 | 265 |
Total noninterest income | 1,839 | 1,426 | 3,283 | 2,684 | |
Deposit Account [Member] | |||||
Deposit service charges and fees | 826 | 800 | 1,607 | 1,538 | |
Bank Servicing [Member] | |||||
Deposit service charges and fees | $ 262 | $ 283 | $ 600 | $ 617 | |
[1]Not within the scope of ASC 606 |