Quaint Oak Bancorp (QNTO) 10-Q 11 Aug 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 09, 2017
Document Information [Line Items]
Entity Registrant Name	QUAINT OAK BANCORP INC
Entity Central Index Key	1,391,933
Trading Symbol	qnto
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		1,940,677
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets
Due from banks, non-interest-bearing	$ 42	$ 399
Due from banks, interest-bearing	7,833	8,901
Cash and cash equivalents	7,875	9,300
Investment in interest-earning time deposits	5,365	6,098
Investment securities available for sale	8,893	9,555
Loans held for sale	7,219	4,712
Loans receivable, net of allowance for loan losses (2017 $1,690; 2016 $1,605)	189,046	176,807
Accrued interest receivable	875	862
Investment in Federal Home Loan Bank stock, at cost	1,134	713
Bank-owned life insurance	3,772	3,728
Premises and equipment, net	1,993	1,730
Goodwill	515	515
Other intangible, net of accumulated amortization	441	465
Other real estate owned, net	185	435
Prepaid expenses and other assets	1,827	1,243
Total Assets	229,140	216,163
Liabilities
Non-interest bearing	7,040	5,852
Interest-bearing	172,063	171,155
Total deposits	179,103	177,007
Federal Home Loan Bank short-term borrowings	10,000	7,000
Federal Home Loan Bank long-term borrowings	15,500	8,500
Accrued interest payable	147	142
Advances from borrowers for taxes and insurance	2,163	2,210
Accrued expenses and other liabilities	472	514
Total Liabilities	207,385	195,373
Stockholders’ Equity
Preferred stock – $0.01 par value, 1,000,000 shares authorized; none issued or outstanding	0	0
Common stock – $0.01 par value; 9,000,000 shares authorized; 2,777,250 issued; 1,940,290 and 1,891,150 outstanding at June 30, 2017 and December 31, 2016, respectively	28	28
Additional paid-in capital	14,344	14,240
Treasury stock, at cost: 2017 836,960 shares; 2016 886,100 shares	(4,359)	(4,611)
Employee Stock Ownership Plan (ESOP)	(286)	(320)
Recognition & Retention Plan Trust (RRP)	(25)	(47)
Accumulated other comprehensive loss	(8)	(38)
Retained earnings	12,061	11,538
Total Stockholders' Equity	21,755	20,790
Total Liabilities and Stockholders’ Equity	$ 229,140	$ 216,163

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Loans receivable, allowance for loan losses	$ 1,690	$ 1,605
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
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)	9,000,000	9,000,000
Common stock, shares issued (in shares)	2,777,250	2,777,250
Common stock, shares outstanding (in shares)	1,940,290	1,891,150
Treasury stock, at cost, shares (in shares)	836,960	886,100

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Interest Income
Interest on loans	$ 2,523,000	$ 2,195,000	$ 4,953,000	$ 4,284,000
Interest and dividends on short-term investments and investment securities	81,000	75,000	166,000	148,000
Total Interest Income	2,604,000	2,270,000	5,119,000	4,432,000
Interest Expense
Interest on deposits	654,000	589,000	1,302,000	1,136,000
Interest on Federal Home Loan Bank borrowings	61,000	33,000	107,000	66,000
Total Interest Expense	715,000	622,000	1,409,000	1,202,000
Net Interest Income	1,889,000	1,648,000	3,710,000	3,230,000
Provision for loan losses	64,000	66,000	106,000	111,000
Net Interest Income after Provision for Loan Losses	1,825,000	1,582,000	3,604,000	3,119,000
Non-Interest Income
Mortgage banking and title abstract fees	147,000	147,000	258,000	280,000
Other fees and services charges	18,000	34,000	44,000	52,000
Insurance commissions	89,000		166,000
Income from bank-owned life insurance	22,000	22,000	44,000	44,000
Net gain on the sale of residential mortgage loans	716,000	504,000	824,000	758,000
Gain on sale of SBA loans	16,000		16,000	57,000
Loss on sales and write-downs on other real estate owned	(67,000)	(20,000)	(63,000)	(72,000)
Other	20,000	14,000	29,000	23,000
Total Non-Interest Income	961,000	701,000	1,318,000	1,142,000
Non-Interest Expense
Salaries and employee benefits	1,353,000	1,115,000	2,670,000	2,189,000
Directors' fees and expenses	50,000	51,000	102,000	107,000
Occupancy and equipment	145,000	139,000	290,000	270,000
Data processing	86,000	42,000	133,000	85,000
Professional fees	94,000	106,000	184,000	197,000
FDIC deposit insurance assessment	43,000	36,000	87,000	68,000
Other real estate owned expense	1,000	6,000	8,000	19,000
Advertising	39,000	30,000	78,000	61,000
Amortization of intangibles	12,000		24,000
Other	165,000	117,000	303,000	224,000
Total Non-Interest Expense	1,988,000	1,642,000	3,879,000	3,220,000
Income before Income Taxes	798,000	641,000	1,043,000	1,041,000
Income Taxes	274,000	239,000	348,000	400,000
Net Income	$ 524,000	$ 402,000	$ 695,000	$ 641,000
Earnings per share - basic (in dollars per share)	$ 0.28	$ 0.23	$ 0.38	$ 0.36
Average shares outstanding - basic (in shares)	1,865,612	1,775,829	1,851,945	1,765,078
Earnings per share - diluted (in dollars per share)	$ 0.26	$ 0.21	$ 0.35	$ 0.33
Average shares outstanding - diluted (in shares)	2,008,404	1,938,627	1,993,280	1,930,675

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net Income	$ 524,000	$ 402,000	$ 695,000	$ 641,000
Other Comprehensive Income (Loss):
Unrealized gains (losses) on investment securities available-for-sale	25,000	(7,000)	45,000	20,000
Income tax effect	(8,000)	2,000	(15,000)	(7,000)
Total other comprehensive income (loss)	17,000	(5,000)	30,000	13,000
Total Comprehensive Income	$ 541,000	$ 397,000	$ 725,000	$ 654,000

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($)	The 401(k) Plan [Member]Common Stock [Member]	The 401(k) Plan [Member]Additional Paid-in Capital [Member]	The 401(k) Plan [Member]Treasury Stock [Member]	The 401(k) Plan [Member]Unallocated Common Stock Held by Benefit Plans[Member]	The 401(k) Plan [Member]AOCI Attributable to Parent [Member]	The 401(k) Plan [Member]Retained Earnings [Member]	The 401(k) Plan [Member]	The 2013 Stock Incentive Plan [Member]Common Stock [Member]	The 2013 Stock Incentive Plan [Member]Additional Paid-in Capital [Member]	The 2013 Stock Incentive Plan [Member]Treasury Stock [Member]	The 2013 Stock Incentive Plan [Member]Unallocated Common Stock Held by Benefit Plans[Member]	The 2013 Stock Incentive Plan [Member]AOCI Attributable to Parent [Member]	The 2013 Stock Incentive Plan [Member]Retained Earnings [Member]	The 2013 Stock Incentive Plan [Member]	The 2008 Stock Option Plan [Member]Common Stock [Member]	The 2008 Stock Option Plan [Member]Additional Paid-in Capital [Member]	The 2008 Stock Option Plan [Member]Treasury Stock [Member]	The 2008 Stock Option Plan [Member]Unallocated Common Stock Held by Benefit Plans[Member]	The 2008 Stock Option Plan [Member]AOCI Attributable to Parent [Member]	The 2008 Stock Option Plan [Member]Retained Earnings [Member]	The 2008 Stock Option Plan [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Unallocated Common Stock Held by Benefit Plans[Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Net Income																												$ 641,000
Other comprehensive income (loss), net																												13,000
Net Income																												402,000
Other comprehensive income (loss), net																												$ (5,000)
BALANCE (in shares) at Dec. 31, 2016																						1,891,150						1,891,150
BALANCE at Dec. 31, 2016																						$ 28,000	$ 14,240,000	$ (4,611,000)	$ (367,000)	$ (38,000)	$ 11,538,000	$ 20,790,000
Common stock allocated by ESOP																							58,000		34,000			92,000
Treasury stock purchase (in shares)																						(385)
Treasury stock purchase																								(5,000)				(5,000)
Reissuance of treasury stock		$ 40,000	$ 28,000				$ 68,000		$ (28,000)	$ 28,000						$ (8,000)	$ 201,000				$ 193,000
Reissuance of treasury stock (in shares)	5,328							5,397							38,800
Stock based compensation expense																							64,000					64,000
Release of 4,864 vested RRP shares																							(22,000)		22,000
Cash dividends declared ($0.09 per share)																											(172,000)	(172,000)
Net Income																											695,000	695,000
Other comprehensive income (loss), net																										30,000		$ 30,000
BALANCE (in shares) at Jun. 30, 2017																						1,940,290						1,940,290
BALANCE at Jun. 30, 2017																						$ 28,000	14,344,000	(4,359,000)	(311,000)	(8,000)	12,061,000	$ 21,755,000
Net Income																												524,000
Other comprehensive income (loss), net																												$ 17,000
BALANCE (in shares) at Jun. 30, 2017																						1,940,290						1,940,290
BALANCE at Jun. 30, 2017																						$ 28,000	$ 14,344,000	$ (4,359,000)	$ (311,000)	$ (8,000)	$ 12,061,000	$ 21,755,000

Consolidated Statement of Stoc7

Consolidated Statement of Stockholders' Equity (Unaudited) (Parentheticals)	6 Months Ended
	Jun. 30, 2017$ / sharesshares
Common Stock [Member]
Release of vested shares (in shares) | shares	4,864
Cash dividends declared, per share (in dollars per share) | $ / shares	$ 0.09

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash Flows from Operating Activities
Net Income	$ 695,000	$ 641,000
Adjustments to reconcile net income to net cash used in operating activities:
Provision for loan losses	106,000	111,000
Depreciation expense	91,000	96,000
Amortization of intangibles	24,000
Net amortization of securities premiums	9,000	9,000
Accretion of deferred loan fees and costs, net	(178,000)	(156,000)
Stock-based compensation expense	156,000	150,000
Net gain on the sale of loans	(824,000)	(758,000)
Gain on the sale of SBA loans	(16,000)	(57,000)
Net loss on sale and write-downs of other real estate owned	63,000	72,000
Increase in the cash surrender value of bank-owned life insurance	(44,000)	(44,000)
Changes in assets and liabilities which provided (used) cash:
Loans held for sale-originations	(34,193,000)	(30,142,000)
Loans held for sale-proceeds	32,510,000	30,339,000
Accrued interest receivable	(13,000)	(115,000)
Prepaid expenses and other assets	(599,000)	(365,000)
Accrued interest payable	5,000	2,000
Accrued expenses and other liabilities	(42,000)	143,000
Net Cash Used in Operating Activities	(2,250,000)	(74,000)
Cash Flows from Investing Activities
Net decrease (increase) in investment in interest-earning time deposits	733,000	(10,000)
Purchase of investment securities available for sale		(3,895,000)
Principal repayments of investment securities available for sale	698,000	409,000
Net increase in loans receivable	(12,151,000)	(10,935,000)
Net increase in investment in Federal Home Loan Bank stock	(421,000)	(15,000)
Proceeds from the sale of other real estate owned	210,000	67,000
Capitalized expenditures on other real estate owned	(23,000)	(175,000)
Purchase of premises and equipment	(354,000)	(26,000)
Net Cash Used in Investing Activities	(11,308,000)	(14,580,000)
Cash Flows from Financing Activities
Net increase in demand deposits and savings accounts	1,636,000	3,180,000
Net increase in certificate accounts	460,000	14,018,000
Net proceeds from Federal Home Loan Bank short-term borrowings	3,000,000
Proceeds from Federal Home Loan Bank long-term borrowings	8,000,000
Repayment of Federal Home Loan Bank long-term borrowings	(1,000,000)
Dividends paid	(172,000)	(143,000)
Purchase of treasury stock	(5,000)	(6,000)
Proceeds from the reissuance of treasury stock	68,000	50,000
Proceeds from the exercise of stock options	193,000	112,000
Decrease in advances from borrowers for taxes and insurance	(47,000)	(68,000)
Net Cash Provided by Financing Activities	12,133,000	17,143,000
Net Increase (Decrease) in Cash and Cash Equivalents	(1,425,000)	2,489,000
Cash and Cash Equivalents – Beginning of Period	9,300,000	17,206,000
Cash and Cash Equivalents – End of Period	7,875,000	19,695,000
Cash payments for interest	1,404,000	1,200,000
Cash payments for income taxes	$ 505,000	$ 365,000

Note 1 - Financial Statement Pr

Note 1 - Financial Statement Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	Note 1 Basis of Financial Presentation. The consolidated financial statements include the accounts of Quaint Oak Bancorp, Inc., a Pennsylvania chartered corporation (the "Company" or "Quaint Oak Bancorp") and its wholly owned subsidiary, Quaint Oak Bank, a Pennsylvania chartered stock savings bank (“Bank”), along with its wholly owned subsidiaries. At June 30, 2017, five July 2009. July 2012 August 1, 2016, The Bank is subject to regulation by the Pennsylvania Department of Banking and Securities and the Federal Deposit Insurance Corporation. Pursuant to the Bank’s election under Section 10 two December 2014, The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP) for interim information and with the instructions to Form 10 not The foregoing consolidated financial statements are unaudited; but in the opinion of management include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation thereof. The balances as of December 31, 2016 2016 10 three six June 30, 2017 not may December 31, 2017. Use of Estimates in the Preparation of Financial Statements. Loans Receivable. The loans receivable portfolio is segmented into residential loans, commercial real estate loans, construction loans and consumer loans. The residential loan segment has two one four one four five The accrual of interest is generally discontinued when principal or interest has become 90 no Allowance for Loan Losses. no The allowance for loan losses is maintained at a level considered adequate to provide for losses that can be reasonably anticipated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may may The allowance consists of specific, general and unallocated components. The specific component relates to loans that are designated as impaired. For loans that are designated as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers pools of loans by loan class. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these categories of loans, adjusted for qualitative factors. These significant factors may A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not A loan is identified as a troubled debt restructuring (“TDR”) if the Company, for economic or legal reasons related to a debtor’s financial difficulties, grants a concession to the debtor that it would not For loans secured by real estate, estimated fair values are determined primarily through third The allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually for all loans (except one four $500,000, may not may may not Loans Held for Sale . Loans originated by the Bank’s mortgage banking subsidiary, Quaint Oak Mortgage, LLC, are intended for sale in the secondary market and are carried at the lower of cost or fair value (LOCOM). Gains and losses on loan sales (sales proceeds minus carrying value) are recorded in noninterest income, and direct loan origination costs, commissions and fees are deferred at origination of the loan and are recognized in noninterest income upon sale of the loan. Federal Home Loan Bank Stock . Federal law requires a member institution of the Federal Home Loan Bank (FHLB) system to hold restricted stock of its district Federal Home Loan Bank according to a predetermined formula. FHLB stock is carried at cost and evaluated for impairment. When evaluating FHLB stock for impairment, its value is determined based on the ultimate recoverability of the par value of the stock. We evaluate our holdings of FHLB stock for impairment each reporting period. No three six June 30, 2017 2016. Bank Owned Life Insurance (BOLl). Intangible Assets. August 1, 2016 $1.0 $515,000 $485,000 ten The Company will complete a goodwill and other intangible asset analysis at least on an annual basis or more often if events and circumstances indicate that there may Other Real Estate Owned , Net . no one four June 30, 2017. Share-Based Compensation. At June 30, 2017, three 2008 2008 2013 May 2008 2013. 10. The Company also has an employee stock ownership plan (“ESOP”). This plan is more fully described in Note 10. Comprehensive Income (Loss). Earnings per Share. Recent Accounting Pronouncements. May 2014, 2014 09, Revenue from Contracts with Customers December 15, 2016, not not not 606. In January 2016, 2016 01, Financial Instruments – Overall (Subtopic 825 10 not December 15, 2017, In February 2016, 2016 02, Leases (Topic 842 one 12 not may December 15, 2018, may not 1% In June 2016, 2016 13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be effected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. ASU 2016 13 December 15, 2019, December 15, 2018. first one first one In August 2016, 2016 15, Statement of Cash Flows (Topic 230 eight may December 15, 2017, In December 2016, 2016 20, Technical Corrections and Improvements to Topic 606, 460, not 606. 2016 20 January 1, 2018. In January 2017, 2017 04, Simplifying the Test for Goodwill Impairment 2 2, not December 15, 2019. This Update is not . In March 2017, 2017 08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310 20 The amendments in this Update shorten the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity should apply the amendments in this Update on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. Additionally, in the period of adoption, an entity should provide disclosures about a change in accounting principle. This Update is not . In May 2017, 2017 09, Compensation – Stock Compensation (Topic 718 not not December 15, 2017. 1 not 2 not This Update is not . Reclassifications. 2016 2017 not no

Note 2 - Earnings Per Share

Note 2 - Earnings Per Share	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 2 – Earnings Per Share Earnings per share (“EPS”) consists of two not three six June 30, 2017 2016, The following table sets forth the composition of the weighted average shares (denominator) used in the basic and dilutive earnings per share computations. For the Three Months Ended June 30, For the Six Months Ended June 30, 201 7 201 6 201 7 201 6 Net Income $ 524,000 $ 402,000 $ 695,000 $ 641,000 Weighted average shares outstanding – basic 1,865,612 1,775,829 1,851,945 1,765,078 Effect of dilutive common stock equivalents 142,792 162,798 141,335 165,597 Adjusted weighted average shares outstanding – diluted 2,008,404 1,938,627 1,993,280 1,930,675 Basic earnings per share $ 0.28 $ 0.23 $ 0.38 $ 0.36 Diluted earnings per share $ 0.26 $ 0.21 $ 0.35 $ 0.33

Note 3 - Accumulated Other Comp

Note 3 - Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	Note 3 – Accumulated Other Comprehensive Income (Loss) The following table presents the changes in accumulated other comprehensive income (loss) by component, net of tax, for the three six June 30, 2017 2016 Unrealized Gains (Losses) on Investment Securities Available for Sale (1) For the Three Months Ended June 30, For the Six Months Ended June 30, 201 7 201 6 201 7 201 6 Balance at the beginning of the period $ (25 ) $ 6 $ (38 ) $ (12 ) Other comprehensive income (loss) before classifications 17 (5 ) 30 13 Amount reclassified from accumulated other comprehensive income (loss) - - - - Total other comprehensive income (loss) 17 (5 ) 30 13 Balance at the end of the period $ (8 ) $ 1 $ (8 ) $ 1 ( 1

Note 4 - Investment in Interest

Note 4 - Investment in Interest-earning Time Deposits	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Investments and Other Noncurrent Assets [Text Block]	N ote 4 – Investment in Interest-Earning Time Deposits The investment in interest-earning time deposits as of June 30, 2017 December 31, 2016, : June 30, 2017 December 31, 2016 Investment in interest-earning time deposits Due in one year or less $ 2,053 $ 2,849 Due after one year through five years 3,312 3,249 Total $ 5,365 $ 6,098

Note 5 - Investment Securities

Note 5 - Investment Securities Available for Sale	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 5 – Investment Securities Available for Sale The amortized cost, gross unrealized gains and losses, and fair value of investment securities available for sale at June 30, 2017 December 31, 2016 June 30 , 201 7 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Available for Sale: Mortgage-backed securities: Governmental National Mortgage Association securities $ 6,128 $ 14 $ (1 ) $ 6,141 Federal Home Loan Mortgage Corporation securities 1,767 - (11 ) 1,756 Federal National Mortgage Association securities 650 - (10 ) 640 Total mortgage-backed securities 8,545 14 (22 ) 8,537 Debt securities: U.S. government agency 360 - (4 ) 356 Total available-for-sale-securities $ 8,905 $ 14 $ (26 ) $ 8,893 December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Available for Sale: Mortgage-backed securities: Governmental National Mortgage Association securities $ 6,608 $ 1 $ (19 ) $ 6,590 Federal Home Loan Mortgage Corporation securities 1,892 - (21 ) 1,871 Federal National Mortgage Association securities 752 - (12 ) 740 Total mortgage-backed securities 9,252 1 (52 ) 9,201 Debt securities: U.S. government agency 360 - (6 ) 354 Total available-for-sale-securities $ 9,612 $ 1 $ (58 ) $ 9,555 The amortized cost and fair value of debt securities at June 30, 2017, may Available for Sale Amortized Cost Fair Value Debt securities Due after one year through five years $ 360 $ 356 Due after ten years 8,545 8,537 Total $ 8,905 $ 8,893 The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position at June 30, 2017 December 31, 2016 ( June 30 , 201 7 Less than Twelve Months Twelve Months or Greater Total Number of Fair Value Gross Fair Value Gross Fair Value Gross Governmental National Mortgage Association mortgage-backed securities 2 $ 1,027 $ (1 ) $ - $ - $ 1,027 $ (1 ) Federal Home Loan Mortgage Corporation mortgage-backed securities 2 1,756 (11 ) - - 1,756 (11 ) Federal National Mortgage Association mortgage-backed securities 1 - - 640 (10 ) 640 (10 ) Debt securities, U.S. government agency 1 - - 356 (4 ) 356 (4 ) Total 6 $ 2,783 $ (12 ) $ 996 $ (14 ) $ 3,779 $ (26 ) December 31 , 2016 Less than Twelve Months Twelve Months or Greater Total Number of Fair Value Gross Fair Value Gross Fair Value Gross Governmental National Mortgage Association mortgage-backed securities 8 $ 5,874 $ (19 ) $ - $ - $ 5,874 $ (19 ) Federal Home Loan Mortgage Corporation mortgage-backed securities 2 1,871 (21 ) - - 1,871 (21 ) Federal National Mortgage Association mortgage-backed securities 1 740 (12 ) - - 740 (12 ) Debt securities, U.S. government agency 1 354 (6 ) - - 354 (6 ) Total 12 $ 8,839 $ (58 ) $ - $ - $ 8,839 $ (58 ) At June 30, 2017, six 0.67% may not June 30, 2017 no three six June 30, 2017 2016.

Note 6 - Loans Receivable, Net

Note 6 - Loans Receivable, Net and Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Financing Receivables [Text Block]	Note 6 - Loans Receivable, Net and Allowance for Loan Losses The composition of net loans receivable is as follows (in thousands): June 30 , 201 7 December 31, 201 6 Real estate loans: One-to-four family residential: Owner occupied $ 5,636 $ 5,389 Non-owner occupied 49,946 51,893 Total one-to-four family residential 55,582 57,282 Multi-family (five or more) residential 20,801 14,641 Commercial real estate 85,230 77,730 Construction 14,740 15,355 Home equity 4,344 4,775 Total real estate loans 180,697 169,783 Commercial business 10,709 9,295 Other consumer 47 26 Total Loans 191,453 179,104 Deferred loan fees and costs (717 ) (692 ) Allowance for loan losses (1,690 ) (1,605 ) Net Loans $ 189,046 $ 176,807 The following tables present the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system as of June 30, 2017 December 31, 2016 (in thousands): June 30 , 201 7 Pass Special Mention Substandard Doubtful Total One-to-four family residential owner occupied $ 5,636 $ - $ - $ - $ 5,636 One-to-four family residential non-owner occupied 49,065 119 762 - 49,946 Multi-family residential 20,801 - - - 20,801 Commercial real estate 84,145 117 968 - 85,230 Construction 12,680 - 2,060 - 14,740 Home equity 4,344 - - - 4,344 Commercial business 10,672 37 - - 10,709 Other consumer 47 - - - 47 Total $ 187,390 $ 273 $ 3,790 $ - $ 191,453 December 31, 2016 Pass Special Mention Substandard Doubtful Total One-to-four family residential owner occupied $ 5,389 $ - $ - $ - $ 5,389 One-to-four family residential non-owner occupied 50,864 122 907 - 51,893 Multi-family residential 14,641 - - - 14,641 Commercial real estate 76,281 117 1,332 - 77,730 Construction 13,355 - 2,000 - 15,355 Home equity 4,775 - - - 4,775 Commercial business 9,295 - - - 9,295 Other consumer 26 - - - 26 Total $ 174,626 $ 239 $ 4,239 $ - $ 179,104 The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not June 30, 2017 June 30 , 201 7 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 866 866 - 1,060 13 Multi-family residential - - - - - Commercial real estate 398 398 - 398 - Construction 308 308 - 308 - Home equity 47 47 - 48 3 Commercial business - - - - - Other consumer - - - - - With an allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 95 95 21 95 3 Multi-family residential - - - - - Commercial real estate 133 133 1 395 5 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 961 961 21 1,155 16 Multi-family residential - - - - - Commercial real estate 531 531 1 793 5 Construction 308 308 - 308 - Home equity 47 47 - 48 3 Commercial business - - - - - Other consumer - - - - - Total $ 1,847 $ 1,847 $ 22 $ 2,304 $ 24 The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not December 31, 2016 December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 925 925 - 1,208 56 Multi-family residential - - - - - Commercial real estate 660 660 - 660 7 Construction - - - - - Home equity 49 49 - 82 6 Commercial business - - - - - Other consumer - - - - - With an allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 167 167 28 169 8 Multi-family residential - - - - - Commercial real estate 133 133 11 133 9 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 1,092 1,092 28 1,377 64 Multi-family residential - - - - - Commercial real estate 793 793 11 793 16 Construction - - - - - Home equity 49 49 - 82 6 Commercial business - - - - - Other consumer - - - - - Total $ 1,934 $ 1,934 $ 39 $ 2,252 $ 86 The loan portfolio also includes certain loans that have been modified in a troubled debt restructuring, where economic concessions have been granted to borrowers who have experienced or are expected to experience financial difficulties. These concessions typically result from loss mitigation activities and could include reductions in the interest rate, payment extensions, forbearance, or other actions. At June 30, 2017, eight $724,000 eight December 31, 2016, eight $733,000 not six six June 30, 2017, no The following tables present the Company’s TDR loans as of June 30, 2017 December 31, 2016 ( June 30 , 201 7 Number of Contracts Recorded Investment Non- Accrual Accruing Related Allowance One-to-four family residential owner occupied - $ - $ - $ - $ - One-to-four family residential non-owner occupied 5 544 - 544 21 Multi-family residential - - - - - Commercial real estate 1 133 - 133 1 Construction - - - - - Home equity 2 47 - 47 - Commercial business - - - - - Other consumer - - - - - Total 8 $ 724 $ - $ 724 $ 22 December 31, 2016 Number of Contracts Recorded Investment Non- Accrual Accruing Related Allowance One-to-four family residential owner occupied - $ - $ - $ - $ - One-to-four family residential non-owner occupied 5 551 - 551 28 Multi-family residential - - - - - Commercial real estate 1 133 - 133 11 Construction - - - - - Home equity 2 49 - 49 - Commercial business - - - - - Other consumer - - - - - Total 8 $ 733 $ - $ 733 $ 39 The contractual aging of the TDRs in the table above as of June 30, 2017 December 31, 2016 June 30 , 201 7 Accruing Past Due Less than 30 Days Past Due 30-89 Days 90 Days or More Past Due Non- Accrual Total One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 544 - - - 544 Multi-family residential - - - - - Commercial real estate 133 - - - 133 Construction - - - - - Home equity 47 - - - 47 Commercial business - - - - - Other consumer - - - - - Total $ 724 $ - $ - $ - $ 724 December 31, 201 6 Accruing Past Due Less than 30 Days Past Due 30-89 Days 90 Days or More Past Due Non- Accrual Total One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 551 - - - 551 Multi-family residential - - - - - Commercial real estate 133 - - - 133 Construction - - - - - Home equity 49 - - - 49 Commercial business - - - - - Other consumer - - - - - Total $ 733 $ - $ - $ - $ 733 Any reserve for an impaired TDR loan is based upon the present value of the future expected cash flows discounted at the loan’s original effective rate or upon the fair value of the collateral less costs to sell, if the loan is deemed collateral dependent. At June 30, 2017 no The general practice of the Bank is to work with borrowers so that they are able to pay back their loan in full. If a borrower continues to be delinquent or cannot meet the terms of a TDR modification and the loan is determined to be uncollectible, the loan will be charged off. Following is a summary, by loan portfolio class, of changes in the allowance for loan losses for the three six June 30, 2017 June 30, 2017 ( June 30, 2017 1-4 Family Residential Owner Occupied 1-4 Family Residential Non-Owner Occupied Multi-Family Residential Commercial Real Estate Construction Home Equity Commercial Business and Other Consumer Unallocated Total For the Three Months Ended June 30, 201 7 Allowance for loan losses: Beginning balance $ 44 $ 524 $ 108 $ 612 $ 127 $ 51 $ 94 $ 90 $ 1,650 Charge-offs - - - (24 ) - - - - (24 ) Recoveries - - - - - - - - - Provision 1 (59 ) 48 57 10 (10 ) 17 - 64 Ending balance $ 45 $ 465 $ 156 $ 645 $ 137 $ 41 $ 111 $ 90 $ 1,690 For the Six Months Ended June 30, 201 7 Allowance for loan losses: Beginning balance $ 41 $ 503 $ 103 $ 616 $ 138 $ 37 $ 87 $ 80 $ 1,605 Charge-offs - - - (24 ) - - - - (24 ) Recoveries - - - 3 - - - - 3 Provision 4 (38 ) 53 50 (1 ) 4 24 10 106 Ending balance $ 45 $ 465 $ 156 $ 645 $ 137 $ 41 $ 111 $ 90 $ 1,690 Ending balance evaluated for impairment: Individually $ - $ 21 $ - $ 1 $ - $ - $ - $ - $ 22 Collectively $ 45 $ 444 $ 156 $ 644 $ 137 $ 41 $ 111 $ 90 $ 1,668 Loans receivable: Ending balance: $ 5,636 $ 49,946 $ 20,801 $ 85,230 $ 14,740 $ 4,344 $ 10,756 $ - $ 191,453 Ending balance evaluated for impairment: Individually $ - $ 961 $ - $ 531 $ 308 $ 47 $ - $ - $ 1,847 Collectively $ 5,636 $ 48,985 $ 20,801 $ 84,699 $ 14,432 $ 4,297 $ 10,756 $ - $ 189,606 The Bank allocated decreased allowance for loan loss provisions to the 1 4 three six June 30, 2017, three six June 30, 2017, Following is a summary, by loan portfolio class, of changes in the allowance for loan losses for the three six June 30, 2016 ( June 30, 2016 1-4 Family Residential Owner Occupied 1-4 Family Residential Non-Owner Occupied Multi-Family Residential Commercial Real Estate Construction Home Equity Commercial Business and Other Consumer Unallocated Total For the Three Months Ended June 30, 2016 Allowance for loan losses: Beginning balance $ 51 $ 512 $ 56 $ 425 $ 149 $ 52 $ 32 $ 81 $ 1,358 Charge-offs - - - - - - - - - Recoveries - - - - - - - - - Provision (5 ) 13 10 59 (34 ) (1 ) 5 19 66 Ending balance $ 46 $ 525 $ 66 $ 484 $ 115 $ 51 $ 37 $ 100 $ 1,424 For the Six Months Ended June 30, 2016 Allowance for loan losses: Beginning balance $ 55 $ 486 $ 81 $ 389 $ 153 $ 50 $ 18 $ 81 $ 1,313 Charge-offs - - - - - - - - - Recoveries - - - - - - - - - Provision (9 ) 39 (15 ) 95 (38 ) 1 19 19 111 Ending balance $ 46 $ 525 $ 66 $ 484 $ 115 $ 51 $ 37 $ 100 $ 1,424 Ending balance evaluated for impairment: Individually $ - $ 31 $ - $ 11 $ - $ - $ - $ - $ 42 Collectively $ 46 $ 494 $ 66 $ 473 $ 115 $ 51 $ 37 $ 100 $ 1,382 The Bank allocated increased allowance for loan loss provisions to the commercial real estate, the 1 4 three six June 30, 2016, three six June 30, 2016, Following is a summary, by loan portfolio class, of changes in the allowance for loan losses for the year ended December 31, 2016 December 31, 2016 ( December 31, 201 6 1-4 Family Residential Owner Occupied 1-4 Family Residential Non- Owner Occupied Multi- Family Residential Commercial Real Estate Construction Home Equity Commercial Business and Other Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 55 $ 486 $ 81 $ 389 $ 153 $ 50 $ 18 $ 81 $ 1,313 Charge-offs - - - - - - - - - Recoveries - - - - - - - - - Provision (14 ) 17 22 227 (15 ) (13 ) 69 (1 ) 292 Ending balance $ 41 $ 503 $ 103 $ 616 $ 138 $ 37 $ 87 $ 80 $ 1,605 Ending balance evaluated for impairment Individually $ - $ 28 $ - $ 11 $ - $ - $ - $ - $ 39 Collectively $ 41 $ 475 $ 103 $ 605 $ 138 $ 37 $ 87 $ 80 $ 1,566 Loans receivable: Ending balance $ 5,389 $ 51,893 $ 14,641 $ 77,730 $ 15,355 $ 4,775 $ 9,321 $ - $ 179,104 Ending balance evaluated for impairment Individually $ - $ 1,092 $ - $ 793 $ - $ 49 $ - $ - $ 1,934 Collectively $ 5,389 $ 50,801 $ 14,641 $ 76,937 $ 15,355 $ 4,726 $ 9,321 $ - $ 177,170 The Bank allocated increased allowance for loan loss provisions to the commercial real estate, commercial business, and multi-family portfolio classes for the year ended December 31, 2016, 1 4 December 31, 2016, one four December 31, 2016 The following table presents nonaccrual loans by classes of the loan portfolio as of June 30, 2017 December 31, 2016 ( June 30 , 201 7 December 31, 201 6 One-to-four family residential owner occupied $ - $ - One-to-four family residential non-owner occupied 417 541 Multi-family residential - -- Commercial real estate 398 660 Construction 308 - Home equity - - Commercial business - - Other consumer - - Total $ 1,123 $ 1,201 Non-performing loans, which consist of non-accruing loans plus accruing loans 90 $1.7 $1.9 June 30, 2017 December 31, 2016, For the three six June 30, 2017 2016 no $30,000 $55,000 three six June 30, 2017, $29,000 $56,000 three six June 30, 2016, The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The following tables present the classes of the loan portfolio summarized by the past due status as of June 30, 2017 December 31, 2016 ( June 30 , 201 7 30- 89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Receivable Loans Receivable 90 Days or More Past Due and Accruing One-to-four family residential owner occupied $ 546 $ 244 $ 790 $ 4,846 $ 5,636 $ 244 One-to-four family residential non-owner occupied 654 635 1,289 48,657 49,946 218 Multi-family residential - - - 20,801 20,801 - Commercial real estate 667 500 1,167 84,063 85,230 102 Construction 697 308 1,005 13,735 14,740 - Home equity 34 - 34 4,310 4,344 - Commercial business - - - 10,709 10,709 - Other consumer - - - 47 47 - Total $ 2,598 $ 1,687 $ 4,285 $ 187,168 $ 191,453 $ 564 December 31, 2016 30- 89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Receivable Loans Receivable 90 Days or More Past Due and Accruing One-to-four family residential owner occupied $ 310 $ 9 $ 319 $ 5,070 $ 5,389 $ 9 One-to-four family residential non-owner occupied 271 778 1,049 50,844 51,893 237 Multi-family residential - - - 14,641 14,641 - Commercial real estate 385 777 1,162 76,568 77,730 117 Construction 596 308 904 14,451 15,355 308 Home equity 115 - 115 4,660 4,775 - Commercial business 43 - 43 9,252 9,295 - Other consumer - - - 26 26 - Total $ 1,720 $ 1,872 $ 3,592 $ 175,512 $ 179,104 $ 671

Note 7 - Goodwill and Other Int

Note 7 - Goodwill and Other Intangible, Net	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 7 – Goodwill and Other Intangible, Net On August 1, 2016, $1.0 $515,000 $485,000 ten June 30, 2017 $441,000 $44,000. three six June 30, 2017 $12,000 $24,000,

Note 8 - Deposits

Note 8 - Deposits	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	Note 8 – Deposits Deposits consist of the following classifications (in thousands): June 30, 201 7 December 31, 201 6 Non-interest bearing checking accounts $ 7,040 $ 5,852 Passbook accounts 731 1,189 Savings accounts 1,523 1,784 Money market accounts 32,281 31,114 Certificates of deposit 137,528 137,068 Total deposits $ 179,103 $ 177,007

Note 9 - Borrowings

Note 9 - Borrowings	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 9 – Borrowings Federal Home Loan Bank advances consist of the following at June 30, 2017 December 31, 2016 ( June 30 , 201 7 December 31, 201 6 Amount Weighted Interest Amount Weighted Interest Short-term borrowings $ 10,000 1.24 % $ 7,000 0.54 % Fixed rate borrowings maturing: 2017 $ 1,500 1.30 % $ 2,500 1.15 % 2018 3,000 1.46 3,000 1.46 2019 3,000 1.86 2,000 1.95 2020 2,000 2.00 1,000 2.15 2021 2,000 1.96 - - 2022 2,000 2.12 - - 2023 2,000 2.28 - - Total FHLB long-term debt $ 15,500 1.85 % $ 8,500 1.56 %

Note 10 - Stock Compensation Pl

Note 10 - Stock Compensation Plans	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 1 0 – Stock Compensation Plans Employee Stock Ownership Plan The Company maintains an Employee Stock Ownership Plan (ESOP) for the benefit of employees who meet the eligibility requirements of the plan. Using proceeds from a loan from the Company, the ESOP purchased 8%, 222,180 2007. 7.75% 15 Shares of the Company’s common stock purchased by the ESOP are held in a suspense account and reported as unallocated common stock held by the ESOP in stockholders’ equity until released for allocation to participants. As the debt is repaid, shares are released from collateral and are allocated to each eligible participant based on the ratio of each such participant’s base compensation to the total base compensation of eligible plan participants. As the unearned shares are committed to be released and allocated among participants, the Company recognizes compensation expense equal to the average market value of the shares, and the shares become outstanding for earnings per share computations. During the three six June 30, 2017, $47,000 $92,000 three six June 30, 2016, $43,000 $86,000 Recognition & Retention and Stock Incentive Plans In May 2008, 2008 2008 111,090 price of $4.68 $520,000. May 2013, 2013 no 48,750, 25%, may As of June 30, 2017, 10,261 21,968 none five A summary of the status of the share awards under the RRP and Stock Incentive Plan as of June 30, 2017 2016 six June 30, 2017 2016 June 30, 2017 June 30 , 2016 Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Unvested at the beginning of the period 20,524 $ 8.10 30,784 $ 8.10 Granted - - - - Vested (10,263 ) 8.10 (10,260 ) 8.10 Forfeited - - - - Unvested at the end of the period 10,261 $ 8.10 20,524 $ 8.10 Compensation expense on the restricted stock awards is recognized ratably over the five six June 30, 2017 2016, $ 42,000 $ 14,000 June 30, 2017, $73,000 0.9 Stock Option and Stock Incentive Plans In May 2008, 2008 277,726 no May 2013 195,000 48,750 may 146,250 For grants in May 2008, $5.00 422 As of June 30, 2017, 277,548 56,276 none five ten A summary of option activity under the Company’s Option Plan and Stock Incentive Plan of June 30, 2017 2016 six June 30, 2017 and 2016 as follows: 201 7 201 6 Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in years) Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in years) Outstanding at the beginning of the year 316,348 $ 6.49 3.8 354,266 $ 6.33 4.7 Granted - - - - - - Exercised (38,800 ) 5.00 - (22,518 ) 5.00 - Forfeited - - - - - - Outstanding at end of period 277,548 $ 6.70 3.6 331,748 $ 6.42 4.2 Exercisable at end of period 247,228 $ 6.53 3.4 270,148 $ 6.04 1.9 During both the six June 30, 2017 2016, $ 22,000 $ 2,000 June 30, 2017, $40,000 0.9

Note 11 - Fair Value Measuremen

Note 11 - Fair Value Measurements and Fair Values of Financial Instruments	6 Months Ended
	Jun. 30, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 1 1 – Fair Value Measurements and Fair Values of Financial Instruments Fair value estimates are based on quoted market prices, if available, quoted market prices of similar assets or liabilities, or the present value of expected future cash flows and other valuation techniques. These valuations are significantly affected by discount rates, cash flow assumptions, and risk assumptions used. Therefore, fair value estimates may not not may Fair value is determined at one not not not not The following disclosures show the hierarchal disclosure framework associated with the level of pricing observations utilized in measuring assets and liabilities at fair value. The three Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Quaint Oak Bancorp, Inc. Notes to Unaudited Consolidated Financial Statements Note 1 1 – Fair Value Measurements and Fair Values of Financial Instruments (Continued) Level II: Pricing inputs are other than the quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities includes items for which quoted prices are available but traded less frequently and items that are fair-valued using other financial instruments, the parameters of which can be directly observed. Level III: Valuations derived from valuation techniques in which one This hierarchy requires the use of observable market data when available. The following is a discussion of assets and liabilities measured at fair value on a recurring basis and valuation techniques applied: Investment Securities Available-For-Sale: 1 2 We may Impaired Loans: 3 Other Real Estate Owned: 3 Quaint Oak Bancorp, Inc. Notes to Unaudited Consolidated Financial Statements Note 1 1 – Fair Value Measurements and Fair Values of Financial Instruments (Continued) The table below sets forth the financial assets and liabilities that were accounted for on a recurring and nonrecurring basis by level within the fair value hierarchy as of June 30, 2017 ( June 30 , 201 7 Fair Value Measurements Using: Total Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Recurring fair value measurements Investment securities available for sale Governmental National Mortgage Association mortgage-backed securities $ 6,141 $ - $ 6,141 $ - Federal Home Loan Mortgage Corporation mortgage-backed securities 1,756 - 1,756 - Federal National Mortgage Association mortgage- backed securities 640 - 640 - Debt securities, U.S. government agency 356 - 356 - Total investment securities available for sale $ 8,893 $ - $ 8,893 $ - Nonrecurring fair value measurements Impaired loans $ 1,825 $ - $ - $ 1,825 Other real estate owned 185 - - 185 The table below sets forth the financial assets and liabilities that were accounted for on a recurring and nonrecurring basis by level within the fair value hierarchy as of December 31, 2016 ( December 31, 2016 Fair Value Measurements Using: Total Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Recurring fair value measurements Investment securities available for sale Governmental National Mortgage Association mortgage-backed securities $ 6,590 $ - $ 6,590 $ - Federal Home Loan Mortgage Corporation mortgage-backed securities 1,871 - 1,871 - Federal National Mortgage Association mortgage- backed securities 740 - 740 - Debt securities, U.S. government agency 354 - 354 - Total investment securities available for sale $ 9,555 $ - $ 9,555 $ - Nonrecurring fair value measurements Impaired loans $ 1,895 $ - $ - $ 1,895 Other real estate owned 435 - - 435 Quaint Oak Bancorp, Inc. Notes to Unaudited Consolidated Financial Statements Note 1 1 – Fair Value Measurements and Fair Values of Financial Instruments (Continued) The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has used Level 3 June 30, 2017 December 31, 2016 ( June 30 , 201 7 Quantitative Information About Level 3 Fair Value Measurements Total Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 1,825 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 23% (1%) Other real estate owned $ 185 Appraisal of collateral (1) Appraisal adjustments ( 2) 0% - 10% (10%) December 31, 201 6 Quantitative Information About Level 3 Fair Value Measurements Total Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 1,895 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 22% (2%) Other real estate owned $ 435 Appraisal of collateral (1) Appraisal adjustments ( 2) 0% - 29% (12%) ________________ ( 1 Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 ( 2 Appraisals may The estimated fair values of the Company’s financial instruments were as follows at June 30, 2017 December 31, 2016 Fair Value Measurements at June 30 , 2017 Carrying Amount Fair Value Estimate Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Financial Assets Cash and cash equivalents $ 7,875 $ 7,875 $ 7,875 $ - $ - Investment in interest-earning time deposits 5,365 5,405 - - 5,405 Investment securities available for sale 8,893 8,893 - 8,893 - Loans held for sale 7,219 7,513 - 7,513 - Loans receivable, net 189,046 189,564 - - 189,564 Accrued interest receivable 875 875 875 - - Investment in FHLB stock 1,134 1,134 1,134 - - Bank-owned life insurance 3,772 3,772 3,772 - - Financial Liabilities Deposits 179,103 180,567 41,575 - 138,992 FHLB short-term borrowings 10,000 10,000 10,000 - - FHLB long-term borrowings 15,500 15,499 - - 15,499 Accrued interest payable 147 147 147 - - Quaint Oak Bancorp, Inc. Notes to Unaudited Consolidated Financial Statements Note 1 1 – Fair Value Measurements and Fair Values of Financial Instruments (Continued) Fair Value Measurements at December 31, 201 6 Carrying Amount Fair Value Estimate Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Financial Assets Cash and cash equivalents $ 9,300 $ 9,300 $ 9,300 $ - $ - Investment in interest-earning time deposits 6,098 6,163 - - 6,163 Investment securities available for sale 9,555 9,555 - 9,555 - Loans held for sale 4,712 4,879 - 4,879 - Loans receivable, net 176,807 177,870 - - 177,870 Accrued interest receivable 862 862 862 - - Investment in FHLB stock 713 713 713 - - Bank-owned life insurance 3,728 3,728 3,728 - - Financial Liabilities Deposits 177,007 179,050 39,939 - 139,111 FHLB short-term borrowings 7,000 7,000 7,000 - - FHLB long-term borrowings 8,500 8,507 - - 8,507 Accrued interest payable 142 142 142 - - The following methods and assumptions were used to measure the fair value of financial instruments recorded at cost on the Company’s consolidated balance sheets: Cash and Cash Equivalents. The carrying amounts reported in the consolidated balance sheets for cash and short-term instruments approximate those assets’ fair values. Interest-Earning Time Deposits. Loans Held for Sale Loans Receivable, Net. The fair values of loans are estimated using discounted cash flow methodology. The discount rates take into account interest rates currently being offered to customers for loans with similar terms, the credit risk associated with the loan and market factors, including liquidity. The valuation of the loan portfolio reflects discounts that the Company believes are consistent with transactions occurring in the market place for both performing and distressed loan types. The carrying value that fair value is compared to is net of the allowance for loan losses and other associated premiums and discounts. Due to the significant judgment involved in evaluating credit quality, loans are classified with Level 3 Accrued Interest Receivable. The carrying amount of accrued interest receivable approximates its fair value. Quaint Oak Bancorp, Inc. Notes to Unaudited Consolidated Financial Statements Note 1 1 – Fair Value Measurements and Fair Values of Financial Instruments (Continued) Investment in Federal Home Loan Bank Stock. The carrying amount of restricted investment in Federal Home Loan Bank stock approximates fair value, and considers the limited marketability of such securities. Bank-Owned Life Insurance. Deposits. Federal Home Loan Bank Borrowings. Fair values of FHLB borrowings are estimated based on rates currently available to the Company for similar terms and remaining maturities. Accrued Interest Payable. The carrying amount of accrued interest payable approximates its fair value. Off-Balance Sheet Financial Instruments. Off-balance sheet financial instruments consist of commitments to extend credit. Fair values for commitments to extend credit are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreement and the present credit standing of the counterparties. The estimated fair value of the commitments to extend credit are insignificant and therefore are not

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Financial Presentation. The consolidated financial statements include the accounts of Quaint Oak Bancorp, Inc., a Pennsylvania chartered corporation (the "Company" or "Quaint Oak Bancorp") and its wholly owned subsidiary, Quaint Oak Bank, a Pennsylvania chartered stock savings bank (“Bank”), along with its wholly owned subsidiaries. At June 30, 2017, five July 2009. July 2012 August 1, 2016, The Bank is subject to regulation by the Pennsylvania Department of Banking and Securities and the Federal Deposit Insurance Corporation. Pursuant to the Bank’s election under Section 10 two December 2014, The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP) for interim information and with the instructions to Form 10 not The foregoing consolidated financial statements are unaudited; but in the opinion of management include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation thereof. The balances as of December 31, 2016 2016 10 three six June 30, 2017 not may December 31, 2017.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates in the Preparation of Financial Statements.
Finance, Loans and Leases Receivable, Policy [Policy Text Block]	Loans Receivable. The loans receivable portfolio is segmented into residential loans, commercial real estate loans, construction loans and consumer loans. The residential loan segment has two one four one four five The accrual of interest is generally discontinued when principal or interest has become 90 no
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Allowance for Loan Losses. no The allowance for loan losses is maintained at a level considered adequate to provide for losses that can be reasonably anticipated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may may The allowance consists of specific, general and unallocated components. The specific component relates to loans that are designated as impaired. For loans that are designated as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers pools of loans by loan class. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these categories of loans, adjusted for qualitative factors. These significant factors may A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not A loan is identified as a troubled debt restructuring (“TDR”) if the Company, for economic or legal reasons related to a debtor’s financial difficulties, grants a concession to the debtor that it would not For loans secured by real estate, estimated fair values are determined primarily through third The allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually for all loans (except one four $500,000, may not may may not
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block]	Loans Held for Sale . Loans originated by the Bank’s mortgage banking subsidiary, Quaint Oak Mortgage, LLC, are intended for sale in the secondary market and are carried at the lower of cost or fair value (LOCOM). Gains and losses on loan sales (sales proceeds minus carrying value) are recorded in noninterest income, and direct loan origination costs, commissions and fees are deferred at origination of the loan and are recognized in noninterest income upon sale of the loan.
Federal Home Loan Bank Stock [Policy Text Block]	Federal Home Loan Bank Stock . Federal law requires a member institution of the Federal Home Loan Bank (FHLB) system to hold restricted stock of its district Federal Home Loan Bank according to a predetermined formula. FHLB stock is carried at cost and evaluated for impairment. When evaluating FHLB stock for impairment, its value is determined based on the ultimate recoverability of the par value of the stock. We evaluate our holdings of FHLB stock for impairment each reporting period. No three six June 30, 2017 2016.
Bank Owned Life Insurance [Policy Text Block]	Bank Owned Life Insurance (BOLl).
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Intangible Assets. August 1, 2016 $1.0 $515,000 $485,000 ten The Company will complete a goodwill and other intangible asset analysis at least on an annual basis or more often if events and circumstances indicate that there may
Loans and Leases Receivable, Real Estate Acquired Through Foreclosure, Policy [Policy Text Block]	Other Real Estate Owned , Net . no one four June 30, 2017.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Share-Based Compensation. At June 30, 2017, three 2008 2008 2013 May 2008 2013. 10. The Company also has an employee stock ownership plan (“ESOP”). This plan is more fully described in Note 10.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income (Loss).
Earnings Per Share, Policy [Policy Text Block]	Earnings per Share.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements. May 2014, 2014 09, Revenue from Contracts with Customers December 15, 2016, not not not 606. In January 2016, 2016 01, Financial Instruments – Overall (Subtopic 825 10 not December 15, 2017, In February 2016, 2016 02, Leases (Topic 842 one 12 not may December 15, 2018, may not 1% In June 2016, 2016 13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be effected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. ASU 2016 13 December 15, 2019, December 15, 2018. first one first one In August 2016, 2016 15, Statement of Cash Flows (Topic 230 eight may December 15, 2017, In December 2016, 2016 20, Technical Corrections and Improvements to Topic 606, 460, not 606. 2016 20 January 1, 2018. In January 2017, 2017 04, Simplifying the Test for Goodwill Impairment 2 2, not December 15, 2019. This Update is not . In March 2017, 2017 08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310 20 The amendments in this Update shorten the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity should apply the amendments in this Update on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. Additionally, in the period of adoption, an entity should provide disclosures about a change in accounting principle. This Update is not . In May 2017, 2017 09, Compensation – Stock Compensation (Topic 718 not not December 15, 2017. 1 not 2 not This Update is not .
Reclassification, Policy [Policy Text Block]	Reclassifications. 2016 2017 not no

Note 2 - Earnings Per Share (Ta

Note 2 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Three Months Ended June 30, For the Six Months Ended June 30, 201 7 201 6 201 7 201 6 Net Income $ 524,000 $ 402,000 $ 695,000 $ 641,000 Weighted average shares outstanding – basic 1,865,612 1,775,829 1,851,945 1,765,078 Effect of dilutive common stock equivalents 142,792 162,798 141,335 165,597 Adjusted weighted average shares outstanding – diluted 2,008,404 1,938,627 1,993,280 1,930,675 Basic earnings per share $ 0.28 $ 0.23 $ 0.38 $ 0.36 Diluted earnings per share $ 0.26 $ 0.21 $ 0.35 $ 0.33

Note 3 - Accumulated Other Co22

Note 3 - Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Unrealized Gains (Losses) on Investment Securities Available for Sale (1) For the Three Months Ended June 30, For the Six Months Ended June 30, 201 7 201 6 201 7 201 6 Balance at the beginning of the period $ (25 ) $ 6 $ (38 ) $ (12 ) Other comprehensive income (loss) before classifications 17 (5 ) 30 13 Amount reclassified from accumulated other comprehensive income (loss) - - - - Total other comprehensive income (loss) 17 (5 ) 30 13 Balance at the end of the period $ (8 ) $ 1 $ (8 ) $ 1

Note 4 - Investment in Intere23

Note 4 - Investment in Interest-earning Time Deposits (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Investments in Interest-Earning Time Deposits by Contractual Maturity [Table Text Block]	June 30, 2017 December 31, 2016 Investment in interest-earning time deposits Due in one year or less $ 2,053 $ 2,849 Due after one year through five years 3,312 3,249 Total $ 5,365 $ 6,098

Note 5 - Investment Securitie24

Note 5 - Investment Securities Available for Sale (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Available-for-sale Securities [Table Text Block]	June 30 , 201 7 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Available for Sale: Mortgage-backed securities: Governmental National Mortgage Association securities $ 6,128 $ 14 $ (1 ) $ 6,141 Federal Home Loan Mortgage Corporation securities 1,767 - (11 ) 1,756 Federal National Mortgage Association securities 650 - (10 ) 640 Total mortgage-backed securities 8,545 14 (22 ) 8,537 Debt securities: U.S. government agency 360 - (4 ) 356 Total available-for-sale-securities $ 8,905 $ 14 $ (26 ) $ 8,893 December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Available for Sale: Mortgage-backed securities: Governmental National Mortgage Association securities $ 6,608 $ 1 $ (19 ) $ 6,590 Federal Home Loan Mortgage Corporation securities 1,892 - (21 ) 1,871 Federal National Mortgage Association securities 752 - (12 ) 740 Total mortgage-backed securities 9,252 1 (52 ) 9,201 Debt securities: U.S. government agency 360 - (6 ) 354 Total available-for-sale-securities $ 9,612 $ 1 $ (58 ) $ 9,555
Investments Classified by Contractual Maturity Date [Table Text Block]	Available for Sale Amortized Cost Fair Value Debt securities Due after one year through five years $ 360 $ 356 Due after ten years 8,545 8,537 Total $ 8,905 $ 8,893
Schedule of Unrealized Loss on Investments [Table Text Block]	June 30 , 201 7 Less than Twelve Months Twelve Months or Greater Total Number of Fair Value Gross Fair Value Gross Fair Value Gross Governmental National Mortgage Association mortgage-backed securities 2 $ 1,027 $ (1 ) $ - $ - $ 1,027 $ (1 ) Federal Home Loan Mortgage Corporation mortgage-backed securities 2 1,756 (11 ) - - 1,756 (11 ) Federal National Mortgage Association mortgage-backed securities 1 - - 640 (10 ) 640 (10 ) Debt securities, U.S. government agency 1 - - 356 (4 ) 356 (4 ) Total 6 $ 2,783 $ (12 ) $ 996 $ (14 ) $ 3,779 $ (26 ) December 31 , 2016 Less than Twelve Months Twelve Months or Greater Total Number of Fair Value Gross Fair Value Gross Fair Value Gross Governmental National Mortgage Association mortgage-backed securities 8 $ 5,874 $ (19 ) $ - $ - $ 5,874 $ (19 ) Federal Home Loan Mortgage Corporation mortgage-backed securities 2 1,871 (21 ) - - 1,871 (21 ) Federal National Mortgage Association mortgage-backed securities 1 740 (12 ) - - 740 (12 ) Debt securities, U.S. government agency 1 354 (6 ) - - 354 (6 ) Total 12 $ 8,839 $ (58 ) $ - $ - $ 8,839 $ (58 )

Note 6 - Loans Receivable, Ne25

Note 6 - Loans Receivable, Net and Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	June 30 , 201 7 December 31, 201 6 Real estate loans: One-to-four family residential: Owner occupied $ 5,636 $ 5,389 Non-owner occupied 49,946 51,893 Total one-to-four family residential 55,582 57,282 Multi-family (five or more) residential 20,801 14,641 Commercial real estate 85,230 77,730 Construction 14,740 15,355 Home equity 4,344 4,775 Total real estate loans 180,697 169,783 Commercial business 10,709 9,295 Other consumer 47 26 Total Loans 191,453 179,104 Deferred loan fees and costs (717 ) (692 ) Allowance for loan losses (1,690 ) (1,605 ) Net Loans $ 189,046 $ 176,807
Financing Receivable Credit Quality Indicators [Table Text Block]	June 30 , 201 7 Pass Special Mention Substandard Doubtful Total One-to-four family residential owner occupied $ 5,636 $ - $ - $ - $ 5,636 One-to-four family residential non-owner occupied 49,065 119 762 - 49,946 Multi-family residential 20,801 - - - 20,801 Commercial real estate 84,145 117 968 - 85,230 Construction 12,680 - 2,060 - 14,740 Home equity 4,344 - - - 4,344 Commercial business 10,672 37 - - 10,709 Other consumer 47 - - - 47 Total $ 187,390 $ 273 $ 3,790 $ - $ 191,453 December 31, 2016 Pass Special Mention Substandard Doubtful Total One-to-four family residential owner occupied $ 5,389 $ - $ - $ - $ 5,389 One-to-four family residential non-owner occupied 50,864 122 907 - 51,893 Multi-family residential 14,641 - - - 14,641 Commercial real estate 76,281 117 1,332 - 77,730 Construction 13,355 - 2,000 - 15,355 Home equity 4,775 - - - 4,775 Commercial business 9,295 - - - 9,295 Other consumer 26 - - - 26 Total $ 174,626 $ 239 $ 4,239 $ - $ 179,104
Impaired Financing Receivables [Table Text Block]	June 30 , 201 7 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 866 866 - 1,060 13 Multi-family residential - - - - - Commercial real estate 398 398 - 398 - Construction 308 308 - 308 - Home equity 47 47 - 48 3 Commercial business - - - - - Other consumer - - - - - With an allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 95 95 21 95 3 Multi-family residential - - - - - Commercial real estate 133 133 1 395 5 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 961 961 21 1,155 16 Multi-family residential - - - - - Commercial real estate 531 531 1 793 5 Construction 308 308 - 308 - Home equity 47 47 - 48 3 Commercial business - - - - - Other consumer - - - - - Total $ 1,847 $ 1,847 $ 22 $ 2,304 $ 24 December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 925 925 - 1,208 56 Multi-family residential - - - - - Commercial real estate 660 660 - 660 7 Construction - - - - - Home equity 49 49 - 82 6 Commercial business - - - - - Other consumer - - - - - With an allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 167 167 28 169 8 Multi-family residential - - - - - Commercial real estate 133 133 11 133 9 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 1,092 1,092 28 1,377 64 Multi-family residential - - - - - Commercial real estate 793 793 11 793 16 Construction - - - - - Home equity 49 49 - 82 6 Commercial business - - - - - Other consumer - - - - - Total $ 1,934 $ 1,934 $ 39 $ 2,252 $ 86
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	June 30 , 201 7 Number of Contracts Recorded Investment Non- Accrual Accruing Related Allowance One-to-four family residential owner occupied - $ - $ - $ - $ - One-to-four family residential non-owner occupied 5 544 - 544 21 Multi-family residential - - - - - Commercial real estate 1 133 - 133 1 Construction - - - - - Home equity 2 47 - 47 - Commercial business - - - - - Other consumer - - - - - Total 8 $ 724 $ - $ 724 $ 22 December 31, 2016 Number of Contracts Recorded Investment Non- Accrual Accruing Related Allowance One-to-four family residential owner occupied - $ - $ - $ - $ - One-to-four family residential non-owner occupied 5 551 - 551 28 Multi-family residential - - - - - Commercial real estate 1 133 - 133 11 Construction - - - - - Home equity 2 49 - 49 - Commercial business - - - - - Other consumer - - - - - Total 8 $ 733 $ - $ 733 $ 39
Contractual Aging of Troubled Debt Restructurings [Table Text Block]	June 30 , 201 7 Accruing Past Due Less than 30 Days Past Due 30-89 Days 90 Days or More Past Due Non- Accrual Total One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 544 - - - 544 Multi-family residential - - - - - Commercial real estate 133 - - - 133 Construction - - - - - Home equity 47 - - - 47 Commercial business - - - - - Other consumer - - - - - Total $ 724 $ - $ - $ - $ 724 December 31, 201 6 Accruing Past Due Less than 30 Days Past Due 30-89 Days 90 Days or More Past Due Non- Accrual Total One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 551 - - - 551 Multi-family residential - - - - - Commercial real estate 133 - - - 133 Construction - - - - - Home equity 49 - - - 49 Commercial business - - - - - Other consumer - - - - - Total $ 733 $ - $ - $ - $ 733
Schedule of Credit Losses for Financing Receivables, Current [Table Text Block]	June 30, 2017 1-4 Family Residential Owner Occupied 1-4 Family Residential Non-Owner Occupied Multi-Family Residential Commercial Real Estate Construction Home Equity Commercial Business and Other Consumer Unallocated Total For the Three Months Ended June 30, 201 7 Allowance for loan losses: Beginning balance $ 44 $ 524 $ 108 $ 612 $ 127 $ 51 $ 94 $ 90 $ 1,650 Charge-offs - - - (24 ) - - - - (24 ) Recoveries - - - - - - - - - Provision 1 (59 ) 48 57 10 (10 ) 17 - 64 Ending balance $ 45 $ 465 $ 156 $ 645 $ 137 $ 41 $ 111 $ 90 $ 1,690 For the Six Months Ended June 30, 201 7 Allowance for loan losses: Beginning balance $ 41 $ 503 $ 103 $ 616 $ 138 $ 37 $ 87 $ 80 $ 1,605 Charge-offs - - - (24 ) - - - - (24 ) Recoveries - - - 3 - - - - 3 Provision 4 (38 ) 53 50 (1 ) 4 24 10 106 Ending balance $ 45 $ 465 $ 156 $ 645 $ 137 $ 41 $ 111 $ 90 $ 1,690 Ending balance evaluated for impairment: Individually $ - $ 21 $ - $ 1 $ - $ - $ - $ - $ 22 Collectively $ 45 $ 444 $ 156 $ 644 $ 137 $ 41 $ 111 $ 90 $ 1,668 Loans receivable: Ending balance: $ 5,636 $ 49,946 $ 20,801 $ 85,230 $ 14,740 $ 4,344 $ 10,756 $ - $ 191,453 Ending balance evaluated for impairment: Individually $ - $ 961 $ - $ 531 $ 308 $ 47 $ - $ - $ 1,847 Collectively $ 5,636 $ 48,985 $ 20,801 $ 84,699 $ 14,432 $ 4,297 $ 10,756 $ - $ 189,606 June 30, 2016 1-4 Family Residential Owner Occupied 1-4 Family Residential Non-Owner Occupied Multi-Family Residential Commercial Real Estate Construction Home Equity Commercial Business and Other Consumer Unallocated Total For the Three Months Ended June 30, 2016 Allowance for loan losses: Beginning balance $ 51 $ 512 $ 56 $ 425 $ 149 $ 52 $ 32 $ 81 $ 1,358 Charge-offs - - - - - - - - - Recoveries - - - - - - - - - Provision (5 ) 13 10 59 (34 ) (1 ) 5 19 66 Ending balance $ 46 $ 525 $ 66 $ 484 $ 115 $ 51 $ 37 $ 100 $ 1,424 For the Six Months Ended June 30, 2016 Allowance for loan losses: Beginning balance $ 55 $ 486 $ 81 $ 389 $ 153 $ 50 $ 18 $ 81 $ 1,313 Charge-offs - - - - - - - - - Recoveries - - - - - - - - - Provision (9 ) 39 (15 ) 95 (38 ) 1 19 19 111 Ending balance $ 46 $ 525 $ 66 $ 484 $ 115 $ 51 $ 37 $ 100 $ 1,424 Ending balance evaluated for impairment: Individually $ - $ 31 $ - $ 11 $ - $ - $ - $ - $ 42 Collectively $ 46 $ 494 $ 66 $ 473 $ 115 $ 51 $ 37 $ 100 $ 1,382 December 31, 201 6 1-4 Family Residential Owner Occupied 1-4 Family Residential Non- Owner Occupied Multi- Family Residential Commercial Real Estate Construction Home Equity Commercial Business and Other Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 55 $ 486 $ 81 $ 389 $ 153 $ 50 $ 18 $ 81 $ 1,313 Charge-offs - - - - - - - - - Recoveries - - - - - - - - - Provision (14 ) 17 22 227 (15 ) (13 ) 69 (1 ) 292 Ending balance $ 41 $ 503 $ 103 $ 616 $ 138 $ 37 $ 87 $ 80 $ 1,605 Ending balance evaluated for impairment Individually $ - $ 28 $ - $ 11 $ - $ - $ - $ - $ 39 Collectively $ 41 $ 475 $ 103 $ 605 $ 138 $ 37 $ 87 $ 80 $ 1,566 Loans receivable: Ending balance $ 5,389 $ 51,893 $ 14,641 $ 77,730 $ 15,355 $ 4,775 $ 9,321 $ - $ 179,104 Ending balance evaluated for impairment Individually $ - $ 1,092 $ - $ 793 $ - $ 49 $ - $ - $ 1,934 Collectively $ 5,389 $ 50,801 $ 14,641 $ 76,937 $ 15,355 $ 4,726 $ 9,321 $ - $ 177,170
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	June 30 , 201 7 December 31, 201 6 One-to-four family residential owner occupied $ - $ - One-to-four family residential non-owner occupied 417 541 Multi-family residential - -- Commercial real estate 398 660 Construction 308 - Home equity - - Commercial business - - Other consumer - - Total $ 1,123 $ 1,201
Past Due Financing Receivables [Table Text Block]	June 30 , 201 7 30- 89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Receivable Loans Receivable 90 Days or More Past Due and Accruing One-to-four family residential owner occupied $ 546 $ 244 $ 790 $ 4,846 $ 5,636 $ 244 One-to-four family residential non-owner occupied 654 635 1,289 48,657 49,946 218 Multi-family residential - - - 20,801 20,801 - Commercial real estate 667 500 1,167 84,063 85,230 102 Construction 697 308 1,005 13,735 14,740 - Home equity 34 - 34 4,310 4,344 - Commercial business - - - 10,709 10,709 - Other consumer - - - 47 47 - Total $ 2,598 $ 1,687 $ 4,285 $ 187,168 $ 191,453 $ 564 December 31, 2016 30- 89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Receivable Loans Receivable 90 Days or More Past Due and Accruing One-to-four family residential owner occupied $ 310 $ 9 $ 319 $ 5,070 $ 5,389 $ 9 One-to-four family residential non-owner occupied 271 778 1,049 50,844 51,893 237 Multi-family residential - - - 14,641 14,641 - Commercial real estate 385 777 1,162 76,568 77,730 117 Construction 596 308 904 14,451 15,355 308 Home equity 115 - 115 4,660 4,775 - Commercial business 43 - 43 9,252 9,295 - Other consumer - - - 26 26 - Total $ 1,720 $ 1,872 $ 3,592 $ 175,512 $ 179,104 $ 671

Note 8 - Deposits (Tables)

Note 8 - Deposits (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Deposit Liabilities, Type [Table Text Block]	June 30, 201 7 December 31, 201 6 Non-interest bearing checking accounts $ 7,040 $ 5,852 Passbook accounts 731 1,189 Savings accounts 1,523 1,784 Money market accounts 32,281 31,114 Certificates of deposit 137,528 137,068 Total deposits $ 179,103 $ 177,007

Note 9 - Borrowings (Tables)

Note 9 - Borrowings (Tables)	6 Months Ended
	Jun. 30, 2017
Federal Home Loan Bank Advances [Member]
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	June 30 , 201 7 December 31, 201 6 Amount Weighted Interest Amount Weighted Interest Short-term borrowings $ 10,000 1.24 % $ 7,000 0.54 % Fixed rate borrowings maturing: 2017 $ 1,500 1.30 % $ 2,500 1.15 % 2018 3,000 1.46 3,000 1.46 2019 3,000 1.86 2,000 1.95 2020 2,000 2.00 1,000 2.15 2021 2,000 1.96 - - 2022 2,000 2.12 - - 2023 2,000 2.28 - - Total FHLB long-term debt $ 15,500 1.85 % $ 8,500 1.56 %

Note 10 - Stock Compensation 28

Note 10 - Stock Compensation Plans (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Share-based Compensation, Activity [Table Text Block]	June 30, 2017 June 30 , 2016 Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Unvested at the beginning of the period 20,524 $ 8.10 30,784 $ 8.10 Granted - - - - Vested (10,263 ) 8.10 (10,260 ) 8.10 Forfeited - - - - Unvested at the end of the period 10,261 $ 8.10 20,524 $ 8.10
Share-based Compensation, Stock Options, Activity [Table Text Block]	201 7 201 6 Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in years) Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in years) Outstanding at the beginning of the year 316,348 $ 6.49 3.8 354,266 $ 6.33 4.7 Granted - - - - - - Exercised (38,800 ) 5.00 - (22,518 ) 5.00 - Forfeited - - - - - - Outstanding at end of period 277,548 $ 6.70 3.6 331,748 $ 6.42 4.2 Exercisable at end of period 247,228 $ 6.53 3.4 270,148 $ 6.04 1.9

Note 11 - Fair Value Measurem29

Note 11 - Fair Value Measurements and Fair Values of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2017
Notes Tables
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	June 30 , 201 7 Fair Value Measurements Using: Total Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Recurring fair value measurements Investment securities available for sale Governmental National Mortgage Association mortgage-backed securities $ 6,141 $ - $ 6,141 $ - Federal Home Loan Mortgage Corporation mortgage-backed securities 1,756 - 1,756 - Federal National Mortgage Association mortgage- backed securities 640 - 640 - Debt securities, U.S. government agency 356 - 356 - Total investment securities available for sale $ 8,893 $ - $ 8,893 $ - Nonrecurring fair value measurements Impaired loans $ 1,825 $ - $ - $ 1,825 Other real estate owned 185 - - 185 December 31, 2016 Fair Value Measurements Using: Total Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Recurring fair value measurements Investment securities available for sale Governmental National Mortgage Association mortgage-backed securities $ 6,590 $ - $ 6,590 $ - Federal Home Loan Mortgage Corporation mortgage-backed securities 1,871 - 1,871 - Federal National Mortgage Association mortgage- backed securities 740 - 740 - Debt securities, U.S. government agency 354 - 354 - Total investment securities available for sale $ 9,555 $ - $ 9,555 $ - Nonrecurring fair value measurements Impaired loans $ 1,895 $ - $ - $ 1,895 Other real estate owned 435 - - 435
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	June 30 , 201 7 Quantitative Information About Level 3 Fair Value Measurements Total Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 1,825 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 23% (1%) Other real estate owned $ 185 Appraisal of collateral (1) Appraisal adjustments ( 2) 0% - 10% (10%) December 31, 201 6 Quantitative Information About Level 3 Fair Value Measurements Total Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 1,895 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 22% (2%) Other real estate owned $ 435 Appraisal of collateral (1) Appraisal adjustments ( 2) 0% - 29% (12%)
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements at June 30 , 2017 Carrying Amount Fair Value Estimate Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Financial Assets Cash and cash equivalents $ 7,875 $ 7,875 $ 7,875 $ - $ - Investment in interest-earning time deposits 5,365 5,405 - - 5,405 Investment securities available for sale 8,893 8,893 - 8,893 - Loans held for sale 7,219 7,513 - 7,513 - Loans receivable, net 189,046 189,564 - - 189,564 Accrued interest receivable 875 875 875 - - Investment in FHLB stock 1,134 1,134 1,134 - - Bank-owned life insurance 3,772 3,772 3,772 - - Financial Liabilities Deposits 179,103 180,567 41,575 - 138,992 FHLB short-term borrowings 10,000 10,000 10,000 - - FHLB long-term borrowings 15,500 15,499 - - 15,499 Accrued interest payable 147 147 147 - - Fair Value Measurements at December 31, 201 6 Carrying Amount Fair Value Estimate Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Financial Assets Cash and cash equivalents $ 9,300 $ 9,300 $ 9,300 $ - $ - Investment in interest-earning time deposits 6,098 6,163 - - 6,163 Investment securities available for sale 9,555 9,555 - 9,555 - Loans held for sale 4,712 4,879 - 4,879 - Loans receivable, net 176,807 177,870 - - 177,870 Accrued interest receivable 862 862 862 - - Investment in FHLB stock 713 713 713 - - Bank-owned life insurance 3,728 3,728 3,728 - - Financial Liabilities Deposits 177,007 179,050 39,939 - 139,111 FHLB short-term borrowings 7,000 7,000 7,000 - - FHLB long-term borrowings 8,500 8,507 - - 8,507 Accrued interest payable 142 142 142 - -

Note 1 - Financial Statement 30

Note 1 - Financial Statement Presentation and Significant Accounting Policies (Details Textual)	Aug. 01, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)
Number of Wholly-Owned Subsidiaries				5
Number of Subsidiary Branch Offices		2		2
Past Due Period of Principal or Interest Payment				90 days
Threshold for Loans to be Evaluated Annually, Minimum		$ 500,000		$ 500,000
Impairment of Federal Home Loan Bank Stock		$ 0	$ 0	$ 0	$ 0
Number of Share-Based Plans				3
Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncement, Estimated Increase in Assets and Liabilities		1.00%		1.00%
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member]
Number of Mortgage Loans in Foreclosure Proceedings		0		0
Signature Insurance Services, LLC [Member]
Payments to Acquire Businesses, Gross	$ 1,000,000
Goodwill, Acquired During Period	515,000
Signature Insurance Services, LLC [Member] | Other Intangible Assets [Member]
Finite-lived Intangible Assets Acquired	$ 485,000
Finite-Lived Intangible Asset, Useful Life	10 years

Note 2 - Earnings Per Share - W

Note 2 - Earnings Per Share - Weighted Average Shares Used in Basic and Dilutive Earnings Per Share Computations (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net Income	$ 524,000	$ 402,000	$ 695,000	$ 641,000
Weighted average shares outstanding – basic (in shares)	1,865,612	1,775,829	1,851,945	1,765,078
Effect of dilutive common stock equivalents (in shares)	142,792	162,798	141,335	165,597
Adjusted weighted average shares outstanding – diluted (in shares)	2,008,404	1,938,627	1,993,280	1,930,675
Basic earnings per share (in dollars per share)	$ 0.28	$ 0.23	$ 0.38	$ 0.36
Diluted earnings per share (in dollars per share)	$ 0.26	$ 0.21	$ 0.35	$ 0.33

Note 3 - Accumulated Other Co32

Note 3 - Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
BALANCE				$ 20,790
Total other comprehensive income (loss)		$ 17	$ (5)	30	$ 13
BALANCE		21,755		21,755
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
BALANCE	[1]	(25)	6	(38)	(12)
Other comprehensive income (loss) before classifications	[1]	17	(5)	30	13
Amount reclassified from accumulated other comprehensive income (loss)	[1]
Total other comprehensive income (loss)	[1]	17	(5)	30	13
BALANCE	[1]	$ (8)	$ 1	$ (8)	$ 1
[1]	All amounts are net of tax. Amounts in parentheses indicate debits.

Note 4 - Investment in Intere33

Note 4 - Investment in Interest-earning Time Deposits - Investment in Interest-earnings Time Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Due in one year or less	$ 2,053	$ 2,849
Due after one year through five years	3,312	3,249
Total	$ 5,365	$ 6,098

Note 5 - Investment Securitie34

Note 5 - Investment Securities Available for Sale (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2016
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	6		6		12
Percentage of Aggregate Depreciation Held by Debt Securities	0.67%		0.67%
Other than Temporary Impairment Losses, Investments	$ 0	$ 0	$ 0	$ 0

Note 5 - Investment Securitie35

Note 5 - Investment Securities Available for Sale - Amortized Cost and Fair Value of Investment Securities Available for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Amortized cost	$ 8,905	$ 9,612
Gross unrealized gains	14	1
Gross unrealized losses	(26)	(58)
Fair value	8,893	9,555
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Amortized cost	8,545	9,252
Gross unrealized gains	14	1
Gross unrealized losses	(22)	(52)
Fair value	8,537	9,201
US Government Agencies Debt Securities [Member]
Amortized cost	360	360
Gross unrealized gains
Gross unrealized losses	(4)	(6)
Fair value	356	354
Government National Mortgage Association (GNMA) Insured Loans [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Amortized cost	6,128	6,608
Gross unrealized gains	14	1
Gross unrealized losses	(1)	(19)
Fair value	6,141	6,590
Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Amortized cost	1,767	1,892
Gross unrealized gains
Gross unrealized losses	(11)	(21)
Fair value	1,756	1,871
Federal National Mortgage Association (FNMA) Insured Loans [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Amortized cost	650	752
Gross unrealized gains
Gross unrealized losses	(10)	(12)
Fair value	$ 640	$ 740

Note 5 - Investment Securitie36

Note 5 - Investment Securities Available for Sale - Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Due after one year through five years, amortized cost	$ 360
Due after one year through five years, fair value	356
Due after ten years, amortized cost	8,545
Due after ten years, fair value	8,537
Total, amortized cost	8,905	$ 9,612
Total, fair value	$ 8,893

Note 5 - Investment Securitie37

Note 5 - Investment Securities Available for Sale - Gross Unrealized Losses and Fair Value (Details) $ in Thousands	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)
Fair value	$ 3,779	$ 8,839
Gross unrealized losses	$ (26)	$ (58)
Number of securities	6	12
Fair value, less than twelve months	$ 2,783	$ 8,839
Gross unrealized losses, less than twelve months	(12)	(58)
Fair value, twelve months or greater	996
Gross unrealized losses, twelve months or greater	(14)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Government National Mortgage Association (GNMA) Insured Loans [Member]
Fair value	1,027	5,874
Gross unrealized losses	$ (1)	$ (19)
Number of securities	2	8
Fair value, less than twelve months	$ 1,027	$ 5,874
Gross unrealized losses, less than twelve months	(1)	(19)
Fair value, twelve months or greater
Gross unrealized losses, twelve months or greater
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member]
Fair value	1,756	1,871
Gross unrealized losses	$ (11)	$ (21)
Number of securities	2	2
Fair value, less than twelve months	$ 1,756	$ 1,871
Gross unrealized losses, less than twelve months	(11)	(21)
Fair value, twelve months or greater
Gross unrealized losses, twelve months or greater
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal National Mortgage Association (FNMA) Insured Loans [Member]
Fair value	640	740
Gross unrealized losses	$ (10)	$ (12)
Number of securities	1	1
Fair value, less than twelve months		$ 740
Gross unrealized losses, less than twelve months		(12)
Fair value, twelve months or greater	640
Gross unrealized losses, twelve months or greater	(10)
US Government Agencies Debt Securities [Member]
Fair value	356	354
Gross unrealized losses	$ (4)	$ (6)
Number of securities	1	1
Fair value, less than twelve months		$ 354
Gross unrealized losses, less than twelve months		(6)
Fair value, twelve months or greater	356
Gross unrealized losses, twelve months or greater	$ (4)

Note 6 - Loans Receivable, Ne38

Note 6 - Loans Receivable, Net and Allowance for Loan Losses (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Troubled Debt Restructuring, Number of Contracts	8		8		8
Financing Receivable, Modifications, Recorded Investment	$ 724,000		$ 724,000		$ 733,000
Financing Receivable, Modifications, Number of Contracts			0
Loans and Leases Receivable, Impaired, Commitment to Lend	0		$ 0
Loans and Leases Receivable, Gross	191,453,000		191,453,000		179,104,000
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans	30,000	$ 29,000	55,000	$ 56,000
Impaired Financing Receivable, Interest Income, Cash Basis Method	0	$ 0	0	$ 0
Nonperforming Financial Instruments [Member]
Loans and Leases Receivable, Gross	$ 1,700,000		$ 1,700,000		$ 1,900,000

Note 6 - Loans Receivable, Ne39

Note 6 - Loans Receivable, Net and Allowance for Loan Losses - Composition of Net Loans Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
Loans	$ 191,453		$ 179,104
Deferred loan fees and costs	(717)		(692)
Allowance for loan losses	(1,690)	$ (1,650)	(1,605)	$ (1,424)	$ (1,358)	$ (1,313)
Net Loans	189,046		176,807
Real Estate Portfolio Segment [Member]
Loans	180,697		169,783
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member]
Loans	5,636		5,389
Allowance for loan losses	(45)	(44)	(41)	(46)	(51)	(55)
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member]
Loans	49,946		51,893
Allowance for loan losses	(465)	(524)	(503)	(525)	(512)	(486)
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Loans [Member]
Loans	55,582		57,282
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member]
Loans	20,801		14,641
Allowance for loan losses	(156)	(108)	(103)	(66)	(56)	(81)
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member]
Loans	85,230		77,730
Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans	14,740		15,355
Allowance for loan losses	(137)	(127)	(138)	(115)	(149)	(153)
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member]
Loans	4,344		4,775
Allowance for loan losses	(41)	$ (51)	(37)	$ (51)	$ (52)	$ (50)
Commercial Portfolio Segment [Member]
Loans	10,709		9,295
Consumer Portfolio Segment [Member]
Loans	$ 47		$ 26

Note 6 - Loans Receivable, Ne40

Note 6 - Loans Receivable, Net and Allowance for Loan Losses - Loan Portfolio by Credit Rating (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Loans	$ 191,453	$ 179,104
Pass [Member]
Loans	187,390	174,626
Special Mention [Member]
Loans	273	239
Substandard [Member]
Loans	3,790	4,239
Doubtful [Member]
Loans
Real Estate Portfolio Segment [Member]
Loans	180,697	169,783
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member]
Loans	5,636	5,389
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Pass [Member]
Loans	5,636	5,389
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Special Mention [Member]
Loans
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Substandard [Member]
Loans
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Doubtful [Member]
Loans
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member]
Loans	49,946	51,893
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Pass [Member]
Loans	49,065	50,864
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Special Mention [Member]
Loans	119	122
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Substandard [Member]
Loans	762	907
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Doubtful [Member]
Loans
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member]
Loans	20,801	14,641
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Pass [Member]
Loans	20,801	14,641
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Special Mention [Member]
Loans
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Substandard [Member]
Loans
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Doubtful [Member]
Loans
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member]
Loans	85,230	77,730
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Pass [Member]
Loans	84,145	76,281
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Special Mention [Member]
Loans	117	117
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Substandard [Member]
Loans	968	1,332
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Doubtful [Member]
Loans
Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans	14,740	15,355
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member]
Loans	12,680	13,355
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member]
Loans
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member]
Loans	2,060	2,000
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member]
Loans
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member]
Loans	4,344	4,775
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Pass [Member]
Loans	4,344	4,775
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Special Mention [Member]
Loans
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Substandard [Member]
Loans
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Doubtful [Member]
Loans
Commercial Portfolio Segment [Member]
Loans	10,709	9,295
Commercial Portfolio Segment [Member] | Pass [Member]
Loans	10,672	9,295
Commercial Portfolio Segment [Member] | Special Mention [Member]
Loans	37
Commercial Portfolio Segment [Member] | Substandard [Member]
Loans
Commercial Portfolio Segment [Member] | Doubtful [Member]
Loans
Consumer Portfolio Segment [Member]
Loans	47	26
Consumer Portfolio Segment [Member] | Pass [Member]
Loans	47	26
Consumer Portfolio Segment [Member] | Special Mention [Member]
Loans
Consumer Portfolio Segment [Member] | Substandard [Member]
Loans
Consumer Portfolio Segment [Member] | Doubtful [Member]
Loans

Note 6 - Loans Receivable, Ne41

Note 6 - Loans Receivable, Net and Allowance for Loan Losses - Impaired Loans by Loan Portfolio Class (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Average recorded investment	$ 2,304	$ 2,252
Interest income recognized	24	86
Recorded investment	1,847	1,934
Unpaid principal balance	1,847	1,934
Related allowance	22	39
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member]
Interest income recognized, with an allowance recorded
Average recorded investment
Interest income recognized
Recorded investment
Unpaid principal balance
Recorded investment, with no related allowance recorded
Unpaid principal balance, with no related allowance recorded
Average recorded investment, with no related allowance recorded
Interest income recognized, with no related allowance recorded
Recorded investment, with an allowance recorded
Unpaid principal balance, with an allowance recorded
Related allowance
Average recorded investment, with an allowance recorded
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member]
Interest income recognized, with an allowance recorded	3	8
Average recorded investment	1,155	1,377
Interest income recognized	16	64
Recorded investment	961	1,092
Unpaid principal balance	961	1,092
Recorded investment, with no related allowance recorded	866	925
Unpaid principal balance, with no related allowance recorded	866	925
Average recorded investment, with no related allowance recorded	1,060	1,208
Interest income recognized, with no related allowance recorded	13	56
Recorded investment, with an allowance recorded	95	167
Unpaid principal balance, with an allowance recorded	95	167
Related allowance	21	28
Average recorded investment, with an allowance recorded	95	169
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member]
Interest income recognized, with an allowance recorded
Average recorded investment
Interest income recognized
Recorded investment
Unpaid principal balance
Recorded investment, with no related allowance recorded
Unpaid principal balance, with no related allowance recorded
Average recorded investment, with no related allowance recorded
Interest income recognized, with no related allowance recorded
Recorded investment, with an allowance recorded
Unpaid principal balance, with an allowance recorded
Related allowance
Average recorded investment, with an allowance recorded
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member]
Interest income recognized, with an allowance recorded	5	9
Average recorded investment	793	793
Interest income recognized	5	16
Recorded investment	531	793
Unpaid principal balance	531	793
Recorded investment, with no related allowance recorded	398	660
Unpaid principal balance, with no related allowance recorded	398	660
Average recorded investment, with no related allowance recorded	398	660
Interest income recognized, with no related allowance recorded		7
Recorded investment, with an allowance recorded	133	133
Unpaid principal balance, with an allowance recorded	133	133
Related allowance	1	11
Average recorded investment, with an allowance recorded	395	133
Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Interest income recognized, with an allowance recorded
Average recorded investment	308
Interest income recognized
Recorded investment	308
Unpaid principal balance	308
Recorded investment, with no related allowance recorded	308
Unpaid principal balance, with no related allowance recorded	308
Average recorded investment, with no related allowance recorded	308
Interest income recognized, with no related allowance recorded
Recorded investment, with an allowance recorded
Unpaid principal balance, with an allowance recorded
Related allowance
Average recorded investment, with an allowance recorded
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member]
Interest income recognized, with an allowance recorded
Average recorded investment	48	82
Interest income recognized	3	6
Recorded investment	47	49
Unpaid principal balance	47	49
Recorded investment, with no related allowance recorded	47	49
Unpaid principal balance, with no related allowance recorded	47	49
Average recorded investment, with no related allowance recorded	48	82
Interest income recognized, with no related allowance recorded	3	6
Recorded investment, with an allowance recorded
Unpaid principal balance, with an allowance recorded
Related allowance
Average recorded investment, with an allowance recorded
Commercial Portfolio Segment [Member]
Interest income recognized, with an allowance recorded
Average recorded investment
Interest income recognized
Recorded investment
Unpaid principal balance
Recorded investment, with no related allowance recorded
Unpaid principal balance, with no related allowance recorded
Average recorded investment, with no related allowance recorded
Interest income recognized, with no related allowance recorded
Recorded investment, with an allowance recorded
Unpaid principal balance, with an allowance recorded
Related allowance
Average recorded investment, with an allowance recorded
Consumer Portfolio Segment [Member]
Interest income recognized, with an allowance recorded
Average recorded investment
Interest income recognized
Recorded investment
Unpaid principal balance
Recorded investment, with no related allowance recorded
Unpaid principal balance, with no related allowance recorded
Average recorded investment, with no related allowance recorded
Interest income recognized, with no related allowance recorded
Recorded investment, with an allowance recorded
Unpaid principal balance, with an allowance recorded
Related allowance
Average recorded investment, with an allowance recorded

Note 6 - Loans Receivable, Ne42

Note 6 - Loans Receivable, Net and Allowance for Loan Losses - Troubled Debt Restructuring Loans (Details)	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)
Troubled debt restructuring, number of contracts	8	8
Troubled debt restructuring, recorded investment	$ 724,000	$ 733,000
Troubled debt restructuring, related allowance	22,000	39,000
Nonaccruing Instrument [Member]
Troubled debt restructuring, recorded investment
Accruing Instrument [Member]
Troubled debt restructuring, recorded investment	$ 724,000	$ 733,000
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member]
Troubled debt restructuring, number of contracts
Troubled debt restructuring, recorded investment
Troubled debt restructuring, related allowance
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Nonaccruing Instrument [Member]
Troubled debt restructuring, recorded investment
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Accruing Instrument [Member]
Troubled debt restructuring, recorded investment
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member]
Troubled debt restructuring, number of contracts	5	5
Troubled debt restructuring, recorded investment	$ 544,000	$ 551,000
Troubled debt restructuring, related allowance	21,000	28,000
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Nonaccruing Instrument [Member]
Troubled debt restructuring, recorded investment
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Accruing Instrument [Member]
Troubled debt restructuring, recorded investment	$ 544,000	$ 551,000
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member]
Troubled debt restructuring, number of contracts
Troubled debt restructuring, recorded investment
Troubled debt restructuring, related allowance
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Nonaccruing Instrument [Member]
Troubled debt restructuring, recorded investment
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Accruing Instrument [Member]
Troubled debt restructuring, recorded investment
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member]
Troubled debt restructuring, number of contracts	1	1
Troubled debt restructuring, recorded investment	$ 133,000	$ 133,000
Troubled debt restructuring, related allowance	1,000	11,000
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Nonaccruing Instrument [Member]
Troubled debt restructuring, recorded investment
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Accruing Instrument [Member]
Troubled debt restructuring, recorded investment	$ 133,000	$ 133,000
Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Troubled debt restructuring, number of contracts
Troubled debt restructuring, recorded investment
Troubled debt restructuring, related allowance
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Nonaccruing Instrument [Member]
Troubled debt restructuring, recorded investment
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Accruing Instrument [Member]
Troubled debt restructuring, recorded investment
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member]
Troubled debt restructuring, number of contracts	2	2
Troubled debt restructuring, recorded investment	$ 47,000	$ 49,000
Troubled debt restructuring, related allowance
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Nonaccruing Instrument [Member]
Troubled debt restructuring, recorded investment
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Accruing Instrument [Member]
Troubled debt restructuring, recorded investment	$ 47,000	$ 49,000
Commercial Portfolio Segment [Member]
Troubled debt restructuring, number of contracts
Troubled debt restructuring, recorded investment
Troubled debt restructuring, related allowance
Commercial Portfolio Segment [Member] | Nonaccruing Instrument [Member]
Troubled debt restructuring, recorded investment
Commercial Portfolio Segment [Member] | Accruing Instrument [Member]
Troubled debt restructuring, recorded investment
Consumer Portfolio Segment [Member]
Troubled debt restructuring, number of contracts
Troubled debt restructuring, recorded investment
Troubled debt restructuring, related allowance
Consumer Portfolio Segment [Member] | Nonaccruing Instrument [Member]
Troubled debt restructuring, recorded investment
Consumer Portfolio Segment [Member] | Accruing Instrument [Member]
Troubled debt restructuring, recorded investment

Note 6 - Loans Receivable, Ne43

Note 6 - Loans Receivable, Net and Allowance for Loan Losses - Contractual Aging of the TDRs (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Troubled debt restructurings, non-accrual
Troubled debt restructuring, recorded investment	724,000	733,000
Troubled debt restructurings, current & past due less than 30 Day	724,000	733,000
Troubled debt restructurings, past due 30-89 days
Troubled debt restructurings, greater than 90 days
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member]
Troubled debt restructurings, non-accrual
Troubled debt restructuring, recorded investment
Troubled debt restructurings, current & past due less than 30 Day
Troubled debt restructurings, past due 30-89 days
Troubled debt restructurings, greater than 90 days
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member]
Troubled debt restructurings, non-accrual
Troubled debt restructuring, recorded investment	544,000	551,000
Troubled debt restructurings, current & past due less than 30 Day	544,000	551,000
Troubled debt restructurings, past due 30-89 days
Troubled debt restructurings, greater than 90 days
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member]
Troubled debt restructurings, non-accrual
Troubled debt restructuring, recorded investment
Troubled debt restructurings, current & past due less than 30 Day
Troubled debt restructurings, past due 30-89 days
Troubled debt restructurings, greater than 90 days
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member]
Troubled debt restructurings, non-accrual
Troubled debt restructuring, recorded investment	133,000	133,000
Troubled debt restructurings, current & past due less than 30 Day	133,000	133,000
Troubled debt restructurings, past due 30-89 days
Troubled debt restructurings, greater than 90 days
Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Troubled debt restructurings, non-accrual
Troubled debt restructuring, recorded investment
Troubled debt restructurings, current & past due less than 30 Day
Troubled debt restructurings, past due 30-89 days
Troubled debt restructurings, greater than 90 days
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member]
Troubled debt restructurings, non-accrual
Troubled debt restructuring, recorded investment	47,000	49,000
Troubled debt restructurings, current & past due less than 30 Day	47,000	49,000
Troubled debt restructurings, past due 30-89 days
Troubled debt restructurings, greater than 90 days
Commercial Portfolio Segment [Member]
Troubled debt restructurings, non-accrual
Troubled debt restructuring, recorded investment
Troubled debt restructurings, current & past due less than 30 Day
Troubled debt restructurings, past due 30-89 days
Troubled debt restructurings, greater than 90 days
Consumer Portfolio Segment [Member]
Troubled debt restructurings, non-accrual
Troubled debt restructuring, recorded investment
Troubled debt restructurings, current & past due less than 30 Day
Troubled debt restructurings, past due 30-89 days
Troubled debt restructurings, greater than 90 days

Note 6 - Loans Receivable, Ne44

Note 6 - Loans Receivable, Net and Allowance for Loan Losses - Changes in the Allowance for Loan Losses and Recorded Investment in Loans Receivable (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Provision	$ 64	$ 66	$ 106	$ 111	$ 292
Allowance for loan losses, ending balance	1,690	1,424	1,690	1,424	1,605
Allowance for loan losses, individually evaluated for impairment	22	42	22	42	39
Allowance for loan losses, collectively evaluated for impairment	1,668	1,382	1,668	1,382	1,566
Loans receivable	191,453		191,453		179,104
Loans receivable, individually evaluated for impairment	1,847		1,847		1,934
Loans receivable, collectively evaluated for impairment	189,606		189,606		177,170
Allowance for loan losses, beginning balance	1,650	1,358	1,605	1,313	1,313
Charge-offs	(24)		(24)
Recoveries			3
Real Estate Portfolio Segment [Member]
Loans receivable	180,697		180,697		169,783
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member]
Provision	1	(5)	4	(9)	(14)
Allowance for loan losses, ending balance	45	46	45	46	41
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment	45	46	45	46	41
Loans receivable	5,636		5,636		5,389
Loans receivable, individually evaluated for impairment
Loans receivable, collectively evaluated for impairment	5,636		5,636		5,389
Allowance for loan losses, beginning balance	44	51	41	55	55
Charge-offs
Recoveries
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member]
Provision	(59)	13	(38)	39	17
Allowance for loan losses, ending balance	465	525	465	525	503
Allowance for loan losses, individually evaluated for impairment	21	31	21	31	28
Allowance for loan losses, collectively evaluated for impairment	444	494	444	494	475
Loans receivable	49,946		49,946		51,893
Loans receivable, individually evaluated for impairment	961		961		1,092
Loans receivable, collectively evaluated for impairment	48,985		48,985		50,801
Allowance for loan losses, beginning balance	524	512	503	486	486
Charge-offs
Recoveries
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member]
Provision	48	10	53	(15)	22
Allowance for loan losses, ending balance	156	66	156	66	103
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment	156	66	156	66	103
Loans receivable	20,801		20,801		14,641
Loans receivable, individually evaluated for impairment
Loans receivable, collectively evaluated for impairment	20,801		20,801		14,641
Allowance for loan losses, beginning balance	108	56	103	81	81
Charge-offs
Recoveries
Real Estate Portfolio Segment [Member] | Commercial Real Estate and Lines of Credit [Member]
Provision	57	59	50	95	227
Allowance for loan losses, ending balance	645	484	645	484	616
Allowance for loan losses, individually evaluated for impairment	1	11	1	11	11
Allowance for loan losses, collectively evaluated for impairment	644	473	644	473	605
Loans receivable	85,230		85,230		77,730
Loans receivable, individually evaluated for impairment	531		531		793
Loans receivable, collectively evaluated for impairment	84,699		84,699		76,937
Allowance for loan losses, beginning balance	612	425	616	389	389
Charge-offs	(24)		(24)
Recoveries			3
Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Provision	10	(34)	(1)	(38)	(15)
Allowance for loan losses, ending balance	137	115	137	115	138
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment	137	115	137	115	138
Loans receivable	14,740		14,740		15,355
Loans receivable, individually evaluated for impairment	308		308
Loans receivable, collectively evaluated for impairment	14,432		14,432		15,355
Allowance for loan losses, beginning balance	127	149	138	153	153
Charge-offs
Recoveries
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member]
Provision	(10)	(1)	4	1	(13)
Allowance for loan losses, ending balance	41	51	41	51	37
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment	41	51	41	51	37
Loans receivable	4,344		4,344		4,775
Loans receivable, individually evaluated for impairment	47		47		49
Loans receivable, collectively evaluated for impairment	4,297		4,297		4,726
Allowance for loan losses, beginning balance	51	52	37	50	50
Charge-offs
Recoveries
Commercial and Consumer Portfolio Segments [Member]
Provision	17	5	24	19	69
Allowance for loan losses, ending balance	111	37	111	37	87
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment	111	37	111	37	87
Loans receivable	10,756		10,756		9,321
Loans receivable, individually evaluated for impairment
Loans receivable, collectively evaluated for impairment	10,756		10,756		9,321
Allowance for loan losses, beginning balance	94	32	87	18	18
Charge-offs
Recoveries
Unallocated Financing Receivables [Member]
Provision		19	10	19	(1)
Allowance for loan losses, ending balance	90	100	90	100	80
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment	90	100	90	100	80
Loans receivable
Loans receivable, individually evaluated for impairment
Loans receivable, collectively evaluated for impairment
Allowance for loan losses, beginning balance	90	81	80	81	81
Charge-offs
Recoveries

Note 6 - Loans Receivable, Ne45

Note 6 - Loans Receivable, Net and Allowance for Loan Losses - Non-accrual Loans by Class of Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Loans	$ 1,123	$ 1,201
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member]
Loans
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member]
Loans	417	541
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member]
Loans
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member]
Loans	398	660
Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans	308
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member]
Loans
Commercial Portfolio Segment [Member]
Loans
Consumer Portfolio Segment [Member]
Loans

Note 6 - Loans Receivable, Ne46

Note 6 - Loans Receivable, Net and Allowance for Loan Losses - Loan Portfolio Summarized by Past Due Status (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Loans, past due	$ 4,285	$ 3,592
Loans, current	187,168	175,512
Loans	191,453	179,104
Loans > 90 days and accruing	564	671
30 to 89 Days Delinquent [Member]
Loans, past due	2,598	1,720
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans, past due	1,687	1,872
Real Estate Portfolio Segment [Member]
Loans	180,697	169,783
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member]
Loans, past due	790	319
Loans, current	4,846	5,070
Loans	5,636	5,389
Loans > 90 days and accruing	244	9
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | 30 to 89 Days Delinquent [Member]
Loans, past due	546	310
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans, past due	244	9
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member]
Loans, past due	1,289	1,049
Loans, current	48,657	50,844
Loans	49,946	51,893
Loans > 90 days and accruing	218	237
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | 30 to 89 Days Delinquent [Member]
Loans, past due	654	271
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans, past due	635	778
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member]
Loans, past due
Loans, current	20,801	14,641
Loans	20,801	14,641
Loans > 90 days and accruing
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | 30 to 89 Days Delinquent [Member]
Loans, past due
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans, past due
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member]
Loans, past due	1,167	1,162
Loans, current	84,063	76,568
Loans	85,230	77,730
Loans > 90 days and accruing	102	117
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | 30 to 89 Days Delinquent [Member]
Loans, past due	667	385
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans, past due	500	777
Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans, past due	1,005	904
Loans, current	13,735	14,451
Loans	14,740	15,355
Loans > 90 days and accruing		308
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | 30 to 89 Days Delinquent [Member]
Loans, past due	697	596
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans, past due	308	308
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member]
Loans, past due	34	115
Loans, current	4,310	4,660
Loans	4,344	4,775
Loans > 90 days and accruing
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | 30 to 89 Days Delinquent [Member]
Loans, past due	34	115
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans, past due
Commercial Portfolio Segment [Member]
Loans, past due		43
Loans, current	10,709	9,252
Loans	10,709	9,295
Loans > 90 days and accruing
Commercial Portfolio Segment [Member] | 30 to 89 Days Delinquent [Member]
Loans, past due		43
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans, past due
Consumer Portfolio Segment [Member]
Loans, past due
Loans, current	47	26
Loans	47	26
Loans > 90 days and accruing
Consumer Portfolio Segment [Member] | 30 to 89 Days Delinquent [Member]
Loans, past due
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans, past due

Note 7 - Goodwill and Other I47

Note 7 - Goodwill and Other Intangible, Net (Details Textual) - USD ($)	Aug. 01, 2016	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Finite-Lived Intangible Assets, Net		$ 441,000		$ 441,000		$ 465,000
Amortization of Intangible Assets		12,000		24,000
Other Intangible Assets [Member]
Finite-Lived Intangible Assets, Net		441,000		441,000
Finite-Lived Intangible Assets, Accumulated Amortization		$ 44,000		$ 44,000
Signature Insurance Services, LLC [Member]
Payments to Acquire Businesses, Gross	$ 1,000,000
Goodwill, Acquired During Period	515,000
Signature Insurance Services, LLC [Member] | Other Intangible Assets [Member]
Finite-lived Intangible Assets Acquired	$ 485,000
Finite-Lived Intangible Asset, Useful Life	10 years

Note 8 - Deposits - Summary of

Note 8 - Deposits - Summary of Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Non-interest bearing checking accounts	$ 7,040	$ 5,852
Money market accounts	32,281	31,114
Certificates of deposit	137,528	137,068
Total deposits	179,103	177,007
Passbook Accounts [Member]
Interest-bearing deposits	731	1,189
Savings Accounts [Member]
Interest-bearing deposits	$ 1,523	$ 1,784

Note 9 - Borrowings - Federal H

Note 9 - Borrowings - Federal Home Loan Bank Long-term Borrowings (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
2017, weighted interest rate	1.30%	1.15%
Short-term borrowings, amount	$ 10	$ 7
Short-term borrowings, , weighted interest rate	1.24%	0.54%
2017, amount	$ 1.5	$ 2.5
2018, amount	$ 3	$ 3
2018, weighted interest rate	1.46%	1.46%
2019, amount	$ 3	$ 2
2019, weighted interest rate	1.86%	1.95%
2020, amount	$ 2	$ 1
2020, weighted interest rate	2.00%	2.15%
2021, amount	$ 2
2021, weighted interest rate	1.96%
2022, amount	$ 2
2022, weighted interest rate	2.12%
2023, amount	$ 2
2023, weighted interest rate	2.28%
Total FHLB long-term debt, amount	$ 15.5	$ 8.5
Total FHLB long-term debt, weighted interest rate	1.85%	1.56%

Note 10 - Stock Compensation 50

Note 10 - Stock Compensation Plans (Details Textual) - USD ($)	1 Months Ended		3 Months Ended		6 Months Ended		12 Months Ended
	May 31, 2013	May 31, 2008	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2007	Dec. 31, 2016	Dec. 31, 2015
Employee Stock Ownership Plan (ESOP), Compensation Expense			$ 47,000	$ 43,000	$ 92,000	$ 86,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number			10,261	20,524	10,261	20,524		20,524	30,784
Allocated Share-based Compensation Expense					$ 42,000	$ 42,000
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense					14,000	$ 14,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options			$ 73,000		$ 73,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition					328 days
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price					$ 5	$ 5
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number			277,548	331,748	277,548	331,748		316,348	354,266
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period					10 years
Allocated Share-based Compensation Expense					$ 22,000	$ 22,000
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense					2,000	$ 2,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options			$ 40,000		$ 40,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition					328 days
Employee Stock Option [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period					5 years
The 2008 Recognition and Retention Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Purchased for Award		111,090
Share-based Compensation Arrangement by Share-based Payment Award, Per Share Weighted Average Price of Shares Purchased		$ 4.68
Employee Service Share-based Compensation, Cash Flow Effect, Cash Used to Settle Awards		$ 520,000
The 2013 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	195,000
The 2013 Stock Incentive Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	48,750
Percentage of Shares May Be Granted As Restricted Stock Awards	25.00%
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant			21,968		21,968
The 2013 Stock Incentive Plan [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	146,250
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number			277,548		277,548
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant			56,276		56,276
The RRP and Stock Incentive Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number			10,261		10,261
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant			0		0
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period					5 years
The RRP and Stock Incentive Plan [Member] | Restricted Stock [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period					5 years
The 2008 Stock Option Plan [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price		$ 5
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant			0		0
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		277,726
Employee Stock Ownership Plan [Member]
Percentage of Company Shares Purchased by ESOP							8.00%
Employee Stock Ownership Plan (ESOP), Shares Contributed to ESOP							222,180
ESOP Loan Interest Rate							7.75%
Employee Stock Ownership Plan (ESOP), Loan Term							15 years

Note 10 - Stock Compensation 51

Note 10 - Stock Compensation Plans - Status of Shares Under the RRP and Stock Incentive Plan (Details) - Restricted Stock [Member] - $ / shares	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Unvested at the beginning of the period, weighted average grant date fair value (in dollars per share)	$ 8.10	$ 8.10
Unvested at the beginning of the period, number of shares (in shares)	20,524	30,784
Granted, number of shares (in shares)
Granted, weighted average grant date fair value (in dollars per share)
Vested, number of shares (in shares)	(10,263)	(10,260)
Vested, weighted average grant date fair value (in dollars per share)	$ 8.10	$ 8.10
Unvested at the end of the period, weighted average grant date fair value (in dollars per share)	8.10	8.10
Forfeited, weighted average grant date fair value (in dollars per share)
Forfeited, number of shares (in shares)
Unvested at the end of the period, number of shares (in shares)	10,261	20,524

Note 10 - Stock Compensation 52

Note 10 - Stock Compensation Plans - Summary of Option Activity (Details) - Employee Stock Option [Member] - $ / shares	6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Outstanding at the beginning of the year, number of shares (in shares)	316,348	354,266	354,266
Outstanding at the beginning of the year, weighted average exercise price (in dollars per share)	$ 6.49	$ 6.33	$ 6.33
Outstanding at end of period, weighted average exercise price (in dollars per share)	$ 6.70	$ 6.42	$ 6.49	$ 6.33
Outstanding at the beginning of the year, weighted average remaining contractual life (Year)	3 years 219 days	4 years 73 days	3 years 292 days	4 years 255 days
Granted, number of shares (in shares)
Granted, weighted average exercise price (in dollars per share)
Granted, weighted average remaining contractual life (Year)
Exercised, number of shares (in shares)	(38,800)	(22,518)
Exercised, weighted average exercise price (in dollars per share)	$ 5	$ 5
Exercised, weighted average remaining contractual life (Year)
Forfeited, weighted average exercise price (in dollars per share)
Forfeited, number of shares (in shares)
Exercisable at end of period, weighted average remaining contractual life (Year)	3 years 146 days	1 year 328 days
Exercisable at end of period, number of shares (in shares)	247,228	270,148
Exercisable at end of period, weighted average exercise price (in dollars per share)	$ 6.53	$ 6.04
Outstanding at end of period, number of shares (in shares)	277,548	331,748	316,348	354,266

Note 11 - Fair Value Measurem53

Note 11 - Fair Value Measurements and Fair Values of Financial Instruments - Financial Assets and Liabilities on a Recurring and Nonrecurring (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Fair value	$ 8,893	$ 9,555
Fair Value, Measurements, Recurring [Member]
Total investment securities available for sale	8,893	9,555
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Total investment securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Total investment securities available for sale	8,893	9,555
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Total investment securities available for sale
Fair Value, Measurements, Nonrecurring [Member]
Impaired loans	1,825	1,895
Other real estate owned	185	435
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Impaired loans
Other real estate owned
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Impaired loans
Other real estate owned
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Impaired loans	1,825	1,895
Other real estate owned	185	435
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair value	8,537	9,201
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Government National Mortgage Association (GNMA) Insured Loans [Member]
Fair value	6,141	6,590
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Government National Mortgage Association (GNMA) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member]
Fair value	6,141	6,590
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Government National Mortgage Association (GNMA) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Government National Mortgage Association (GNMA) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value	6,141	6,590
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Government National Mortgage Association (GNMA) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member]
Fair value	1,756	1,871
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member]
Fair value	1,756	1,871
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value	1,756	1,871
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal National Mortgage Association (FNMA) Insured Loans [Member]
Fair value	640	740
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal National Mortgage Association (FNMA) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member]
Fair value	640	740
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal National Mortgage Association (FNMA) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal National Mortgage Association (FNMA) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value	640	740
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal National Mortgage Association (FNMA) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value
US Government Agencies Debt Securities [Member]
Fair value	356	354
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair value	356	354
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value	356	354
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value

Note 11 - Fair Value Measurem54

Note 11 - Fair Value Measurements and Fair Values of Financial Instruments - Additional Quantitative Information About Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Appraisal of Collateral [Member] - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2017	Dec. 31, 2016
Impaired Loans [Member]
Total fair value		$ 1,825	$ 1,895
Valuation techniques	[1]	Appraisal of collateral	Appraisal of collateral
Unobservable input	[2]	Appraisal adjustments	Appraisal adjustments
Impaired Loans [Member] | Minimum [Member]
Unobservable input, range		0.00%	0.00%
Impaired Loans [Member] | Maximum [Member]
Unobservable input, range		231.00%	222.00%
Other Real Estate Owned [Member]
Total fair value		$ 185	$ 435
Valuation techniques	[1]	Appraisal of collateral	Appraisal of collateral
Unobservable input	[2]	Appraisal adjustments	Appraisal adjustments
Other Real Estate Owned [Member] | Minimum [Member]
Unobservable input, range		0.00%	0.00%
Other Real Estate Owned [Member] | Maximum [Member]
Unobservable input, range		1010.00%	2912.00%
[1]	Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are identifiable.
[2]	Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percentage of the appraisal.

Note 11 - Fair Value Measurem55

Note 11 - Fair Value Measurements and Fair Values of Financial Instruments - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Fair value	$ 8,893	$ 9,555
Accrued interest receivable	875	862
Bank-owned life insurance	3,772	3,728
Reported Value Measurement [Member]
Fair value	8,893	9,555
Loans held for sale	7,219	4,712
Loans receivable, net	189,046	176,807
Accrued interest receivable	875	862
Investment in FHLB stock	1,134	713
Bank-owned life insurance	3,772	3,728
Deposits	179,103	177,007
FHLB short-term borrowings	10,000	7,000
FHLB long-term borrowings	15,500	8,500
Accrued interest payable	147	142
Cash and cash equivalents	7,875	9,300
Investment in interest-earning time deposits	5,365	6,098
Estimate of Fair Value Measurement [Member]
Fair value	8,893	9,555
Loans held for sale	7,513	4,879
Loans receivable, net	189,564	177,870
Accrued interest receivable	875	862
Investment in FHLB stock	1,134	713
Bank-owned life insurance	3,772	3,728
Deposits	180,567	179,050
FHLB short-term borrowings	10,000	7,000
FHLB long-term borrowings	15,499	8,507
Accrued interest payable	147	142
Cash and cash equivalents	7,875	9,300
Investment in interest-earning time deposits	5,405	6,163
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value
Loans held for sale
Loans receivable, net
Accrued interest receivable	875	862
Investment in FHLB stock	1,134	713
Bank-owned life insurance	3,772	3,728
Deposits	41,575	39,939
FHLB short-term borrowings	10,000	7,000
FHLB long-term borrowings
Accrued interest payable	147	142
Cash and cash equivalents	7,875	9,300
Investment in interest-earning time deposits
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value	8,893	9,555
Loans held for sale	7,513	4,879
Loans receivable, net
Accrued interest receivable
Investment in FHLB stock
Bank-owned life insurance
Deposits
FHLB short-term borrowings
FHLB long-term borrowings
Accrued interest payable
Cash and cash equivalents
Investment in interest-earning time deposits
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value
Loans held for sale
Loans receivable, net	189,564	177,870
Accrued interest receivable
Investment in FHLB stock
Bank-owned life insurance
Deposits	138,992	139,111
FHLB short-term borrowings
FHLB long-term borrowings	15,499	8,507
Accrued interest payable
Cash and cash equivalents
Investment in interest-earning time deposits	$ 5,405	$ 6,163