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): September 30 , 201 7 December 31, 201 6 Real estate loans: One-to-four family residential: Owner occupied $ 5,434 $ 5,389 Non-owner occupied 52,501 51,893 Total one-to-four family residential 57,935 57,282 Multi-family (five or more) residential 20,326 14,641 Commercial real estate 86,800 77,730 Construction 15,387 15,355 Home equity 4,201 4,775 Total real estate loans 184,649 169,783 Commercial business 11,571 9,295 Other consumer 43 26 Total Loans 196,263 179,104 Deferred loan fees and costs (757 ) (692 ) Allowance for loan losses (1,735 ) (1,605 ) Net Loans $ 193,771 $ 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 September 30, 2017 December 31, 2016 (in thousands): September 30 , 201 7 Pass Special Mention Substandard Doubtful Total One-to-four family residential owner occupied $ 5,434 $ - $ - $ - $ 5,434 One-to-four family residential non-owner occupied 51,963 - 538 - 52,501 Multi-family residential 20,326 - - - 20,326 Commercial real estate 85,716 117 967 - 86,800 Construction 13,318 - 2,069 - 15,387 Home equity 4,201 - - - 4,201 Commercial business 11,535 36 - - 11,571 Other consumer 43 - - - 43 Total $ 192,536 $ 153 $ 3,574 $ - $ 196,263 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 September 30, 2017 September 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 565 565 - 1,058 18 Multi-family residential - - - - - Commercial real estate 398 398 - 398 - Construction 2,069 2,069 - 2,061 58 Home equity 46 46 - 48 4 Commercial business - - - - - Other consumer - - - - - With an allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 170 170 38 95 4 Multi-family residential - - - - - Commercial real estate 133 133 1 395 7 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 735 735 38 1,153 22 Multi-family residential - - - - - Commercial real estate 531 531 1 793 7 Construction 2,069 2,069 - 2,061 58 Home equity 46 46 - 48 4 Commercial business - - - - - Other consumer - - - - - Total $ 3,381 $ 3,381 $ 39 $ 4,055 $ 91 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, 201 6 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 September 30, 2017, eight $719,000 eight December 31, 2016, eight $733,000 not nine nine September 30, 2017, no The following tables present the Company ’s TDR loans as of September 30, 2017 December 31, 2016 ( September 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 5 540 - 540 21 Multi-family residential - - - - - Commercial real estate 1 133 - 133 1 Construction - - - - - Home equity 2 46 - 46 - Commercial business - - - - - Other consumer - - - - - Total 8 $ 719 $ - $ 719 $ 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 September 30, 2017 December 31, 2016 September 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 540 - - - 540 Multi-family residential - - - - - Commercial real estate 133 - - - 133 Construction - - - - - Home equity 46 - - - 46 Commercial business - - - - - Other consumer - - - - - Total $ 719 $ - $ - $ - $ 719 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 September 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 and nine September 30, 2017 September 30, 2017 ( September 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 September 30 , 201 7 Allowance for loan losses: Beginning balance $ 45 $ 465 $ 156 $ 645 $ 137 $ 41 $ 111 $ 90 $ 1,690 Charge-offs - (38 ) - - - - - - (38 ) Recoveries - - - - - - - - - Provision (2 ) 93 (14 ) 10 (4 ) (18 ) 18 - 83 Ending balance $ 43 $ 520 $ 142 $ 655 $ 133 $ 23 $ 129 $ 90 $ 1,735 For the Nine Months Ended September 30 , 201 7 Allowance for loan losses: Beginning balance $ 41 $ 503 $ 103 $ 616 $ 138 $ 37 $ 87 $ 80 $ 1,605 Charge-offs - (38 ) - (24 ) - - - - (62 ) Recoveries - - - 3 - - - - 3 Provision 2 55 39 60 (5 ) (14 ) 42 10 189 Ending balance $ 43 $ 520 $ 142 $ 655 $ 133 $ 23 $ 129 $ 90 $ 1,735 Ending balance evaluated for impairment: Individually $ - $ 38 $ - $ 1 $ - $ - $ - $ - $ 39 Collectively $ 43 $ 482 $ 142 $ 654 $ 133 $ 23 $ 129 $ 90 $ 1,696 Loans receivable: Ending balance: $ 5,434 $ 52,501 $ 20,326 $ 86,800 $ 15,387 $ 4,201 $ 11,614 $ - $ 196,263 Ending balance evaluated for impairment: Individually $ - $ 735 $ - $ 531 $ 2,069 $ 46 $ - $ - $ 3,381 Collectively $ 5,434 $ 51,766 $ 20,326 $ 86,269 $ 13,318 $ 4,155 $ 11,614 $ - $ 192,882 The Bank allocated increased allowance for loan loss provisions to the 1 4 three nine September 30, 2017, three nine September 30, 2017, three nine September 30, 2017, nine September 30, 2017, three nine September 30, 2017, Following is a summary, by loan portfolio class, of changes in the allowance for loan losses for the three nine September 30, 2016 ( September 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 September 30 , 2016 Allowance for loan losses: Beginning balance $ 46 $ 525 $ 66 $ 484 $ 115 $ 51 $ 37 $ 100 $ 1,424 Charge-offs - - - - - - - - - Recoveries - - - - - - - - - Provision (9 ) 25 (11 ) 63 28 (19 ) 14 (30 ) 61 Ending balance $ 37 $ 550 $ 55 $ 547 $ 143 $ 32 $ 51 $ 70 $ 1,485 For the Nine Months Ended September 30 , 2016 Allowance for loan losses: Beginning balance $ 55 $ 486 $ 81 $ 389 $ 153 $ 50 $ 18 $ 81 $ 1,313 Charge-offs - - - - - - - - - Recoveries - - - - - - - - - Provision (18 ) 64 (26 ) 158 (10 ) (18 ) 33 (11 ) 172 Ending balance $ 37 $ 550 $ 55 $ 547 $ 143 $ 32 $ 51 $ 70 $ 1,485 Ending balance evaluated for impairment: Individually $ - $ 30 $ - $ 11 $ - $ - $ - $ - $ 41 Collectively $ 37 $ 520 $ 55 $ 536 $ 143 $ 32 $ 51 $ 70 $ 1,444 The Bank allocated increased allowance for loan loss provisions to the commercial real estate and lines of credit, the 1 4 three nine September 30, 2016, three September 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, loan loss provisions to the one four December 31, 2016, one four December 31, 2016 The following table presents nonaccrual loans by classes of the loan portfolio as of September 30, 2017 December 31, 2016 ( September 30 , 201 7 December 31, 201 6 One-to-four family residential owner occupied $ - $ - One-to-four family residential non-owner occupied 195 541 Multi-family residential - -- Commercial real estate 398 660 Construction 2,069 - Home equity - - Commercial business - - Other consumer - - Total $ 2,662 $ 1,201 Non-performing loans, which consist of non-accruing loans plus accruing loans 90 3.5 $1.9 September 30, 2017 December 31, 2016, For the three nine September 30, 2017 2016 no $63,000 $103,000 three nine September 30, 2017, $26,000 $82,000 three nine September 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 September 30, 2017 December 31, 2016 ( September 30 , 201 7 30- 89 Days Past Due 90 Days or M ore Pas t 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 $ 468 $ 417 $ 885 $ 4,549 $ 5,434 $ 417 One-to-four family residential non-owner occupied 611 439 1,050 51,451 52,501 244 Multi-family residential 81 - 81 20,245 20,326 - Commercial real estate 2,603 617 3,220 83,580 86,800 219 Construction 509 2,069 2,578 12,809 15,387 - Home equity 34 - 34 4,167 4,201 - Commercial business - - - 11,571 11,571 - Other consumer - - - 43 43 - Total $ 4,306 $ 3,542 $ 7,848 $ 188,415 $ 196,263 $ 880 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 |