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 8 December 31, 20 17 Real estate loans: One-to-four family residential: Owner occupied $ 6,773 $ 5,681 Non-owner occupied 46,907 51,833 Total one-to-four family residential 53,680 57,514 Multi-family (five or more) residential 24,774 21,715 Commercial real estate 102,352 92,234 Construction 10,798 15,632 Home equity 4,485 5,129 Total real estate loans 196,089 192,224 Commercial business 20,527 11,954 Other consumer 119 138 Total Loans 216,735 204,316 Deferred loan fees and costs (857 ) (837 ) Allowance for loan losses (1,898 ) (1,812 ) Net Loans $ 213,980 $ 201,667 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, 2018 December 31, 2017 September 30 , 201 8 Pass Special Mention Substandard Doubtful Total One-to-four family residential owner occupied $ 6,356 $ - $ 417 $ - $ 6,773 One-to-four family residential non-owner occupied 46,598 309 - - 46,907 Multi-family residential 24,774 - - - 24,774 Commercial real estate 100,789 1,563 - - 102,352 Construction 10,798 - - - 10,798 Home equity 4,485 - - - 4,485 Commercial business 20,022 80 425 - 20,527 Other consumer 119 - - - 119 Total $ 213,941 $ 1,952 $ 842 $ - $ 216,735 December 31, 201 7 Pass Special Mention Substandard Doubtful Total One-to-four family residential owner occupied $ 5,258 $ 423 $ - $ - $ 5,681 One-to-four family residential non-owner occupied 51,372 29 432 - 51,833 Multi-family residential 21,715 - - - 21,715 Commercial real estate 91,549 399 286 - 92,234 Construction 13,563 - 2,069 - 15,632 Home equity 5,129 - - - 5,129 Commercial business 11,419 535 - - 11,954 Other consumer 138 - - - 138 Total $ 200,143 $ 1,386 $ 2,787 $ - $ 204,316 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, 2018 September 30 , 201 8 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 417 421 $ - $ 417 $ - One-to-four family residential non-owner occupied 267 267 - 324 13 Multi-family residential - - - - - Commercial real estate - - - - - Construction - - - 2,050 37 Home equity - - - 44 2 Commercial business - - - - - Other consumer - - - - - With an allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied - - - 94 4 Multi-family residential - - - - - Commercial real estate 133 133 5 133 7 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total: One-to-four family residential owner occupied $ 417 $ 421 $ - $ 417 $ - One-to-four family residential non-owner occupied 267 267 - 418 17 Multi-family residential - - - - - Commercial real estate 133 133 5 133 7 Construction - - - 2,050 37 Home equity - - - 44 2 Commercial business - - - - - Other consumer - - - - - Total $ 817 $ 821 $ 5 $ 3,062 $ 63 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, 2017 December 31, 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 442 442 - 937 24 Multi-family residential - - - - - Commercial real estate - - - 398 38 Construction 2,069 2,069 - 2,064 58 Home equity 45 45 - 47 5 Commercial business - - - - - Other consumer - - - - - With an allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 214 214 70 214 5 Multi-family residential - - - - - Commercial real estate 133 133 1 395 9 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 656 656 70 1,151 29 Multi-family residential - - - - - Commercial real estate 133 133 1 793 47 Construction 2,069 2,069 - 2,064 58 Home equity 45 45 - 47 5 Commercial business - - - - - Other consumer - - - - - Total $ 2,903 $ 2,903 $ 71 $ 4,055 $ 139 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, 2018, two $400,000 two December 31, 2017, eight $714,000 not nine nine September 30, 2018, no six The following tables present the Company’s TDR loans as of September 30, 2018 December 31, 2017 ( September 30 , 201 8 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 1 267 - 267 - Multi-family residential - - - - - Commercial real estate 1 133 - 133 5 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total 2 $ 400 $ - $ 400 $ 5 December 31, 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 5 536 - 536 25 Multi-family residential - - - - - Commercial real estate 1 133 - 133 1 Construction - - - - - Home equity 2 45 - 45 - Commercial business - - - - - Other consumer - - - - - Total 8 $ 714 $ - $ 714 $ 26 The contractual aging of the TDRs in the table above as of September 30, 2018 December 31, 2017 September 30 , 201 8 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 267 - - - 267 Multi-family residential - - - - - Commercial real estate 133 - - - 133 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total $ 400 $ - $ - $ - $ 400 December 31, 2017 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 536 - - - 536 Multi-family residential - - - - - Commercial real estate 133 - - - 133 Construction - - - - - Home equity 45 - - - 45 Commercial business - - - - - Other consumer - - - - - Total $ 714 $ - $ - $ - $ 714 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, 2018 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 nine September 30, 2018 September 30, 2018 ( September 30, 201 8 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 8 Allowance for loan losses: Beginning balance $ 60 $ 439 $ 166 $ 728 $ 179 $ 24 $ 201 $ 33 $ 1,830 Charge-offs - - - - (115 ) - - - (115 ) Recoveries - - - - - - - - - Provision (9 ) (14 ) 7 203 98 (17 ) (72 ) (13 ) 183 Ending balance $ 51 $ 425 $ 173 $ 931 $ 162 $ 7 $ 129 $ 20 $ 1,898 For the Nine Months Ended September 30, 201 8 Allowance for loan losses: Beginning balance $ 48 $ 540 $ 152 $ 687 $ 136 $ 27 $ 140 $ 82 $ 1,812 Charge-offs - (47 ) - - (215 ) - - - (262 ) Recoveries - - - - - - - - - Provision 3 (68 ) 21 244 241 (20 ) (11 ) (62 ) 348 Ending balance $ 51 $ 425 $ 173 $ 931 $ 162 $ 7 $ 129 $ 20 $ 1,898 Ending balance evaluated for impairment: Individually $ - $ - $ - $ 5 $ - $ - $ - $ - $ 5 Collectively $ 51 $ 425 $ 173 $ 926 $ 162 $ 7 $ 129 $ 20 $ 1,893 Loans receivable: Ending balance: $ 6,773 $ 46,907 $ 24,774 $ 102,352 $ 10,798 $ 4,485 $ 20,646 $ 216,735 Ending balance evaluated for impairment: Individually $ 417 $ 267 $ - $ 133 $ - $ - $ - $ 817 Collectively $ 6,356 $ 46,640 $ 24,774 $ 102,219 $ 10,798 $ 4,485 $ 20,646 $ 215,918 The Bank allocated increased allowance for loan loss provisions to the commercial real estate portfolio classes for the three nine September 30, 2018, three nine September 30, 2018, three nine September 30, 2018, Following is a summary, by loan portfolio class, of changes in the allowance for loan losses for the three nine 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 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 year ended December 31, 2017 December 31, 2017 ( December 31, 201 7 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 $ 41 $ 503 $ 103 $ 616 $ 138 $ 37 $ 87 $ 80 $ 1,605 Charge-offs - (56 ) - (24 ) - - - - (80 ) Recoveries - - - 3 - - - - 3 Provision 7 93 49 92 (2 ) (10 ) 53 2 284 Ending balance $ 48 $ 540 $ 152 $ 687 $ 136 $ 27 $ 140 $ 82 $ 1,812 Ending balance evaluated for impairment: Individually $ - $ 70 $ - $ 1 $ - $ - $ - $ - $ 71 Collectively $ 48 $ 470 $ 152 $ 686 $ 136 $ 27 $ 140 $ 82 $ 1,741 Loans receivable: 1 Ending balance $ 5,681 $ 51,833 $ 21,715 $ 92,234 $ 15,632 $ 5,129 $ 12,092 1 $ 204,316 Ending balance evaluated for impairment: Individually $ - $ 656 $ - $ 133 $ 2,069 $ 45 $ - 1 $ 2,903 Collectively $ 5,681 $ 51,177 $ 21,715 $ 92,101 $ 13,563 $ 5,084 $ 12,092 1 $ 201,413 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, 2017, 1 4 December 31, 2017, The following table presents nonaccrual loans by classes of the loan portfolio as of September 30, 2018 December 31, 2017 ( September 30 , 201 8 December 31, 201 7 One-to-four family residential owner occupied $ 417 $ - One-to-four family residential non-owner occupied - 120 Multi-family residential - - Commercial real estate - - Construction - 2,069 Home equity - - Commercial business - - Other consumer - - Total $ 417 $ 2,189 Non-performing loans, which consist of non-accruing loans plus accruing loans 90 $1.6 $3.1 September 30, 2018 December 31, 2017, For the three nine September 30, 2018 2017 no $6,000 $18,000 three nine September 30, 2018, $63,000 $103,000 three nine September 30, 2017, October 2018, one four September 30, 2018 $236,000 $23,000 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, 2018 December 31, 2017 ( September 30 , 201 8 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 $ 564 $ 417 $ 981 $ 5,792 $ 6,773 $ - One-to-four family residential non-owner occupied 1,867 533 2,400 44,507 46,907 533 Multi-family residential - - - 24,774 24,774 - Commercial real estate 2,085 190 2,275 100,077 102,352 190 Construction 295 - 295 10,503 10,798 - Home equity 173 - 173 4,312 4,485 - Commercial business 37 425 462 20,065 20,527 425 Other consumer - - - 119 119 - Total $ 5,021 $ 1,565 $ 6,586 $ 210,149 $ 216,735 $ 1,148 December 31, 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 $ 670 $ 423 $ 1,093 $ 4,588 $ 5,681 $ 423 One-to-four family residential non-owner occupied 969 337 1,306 50,527 51,833 217 Multi-family residential 313 - 313 21,402 21,715 - Commercial real estate 505 241 746 91,488 92,234 241 Construction 407 2,069 2,476 13,156 15,632 - Home equity 51 - 51 5,078 5,129 - Commercial business - - - 11,954 11,954 - Other consumer - - - 138 138 - Total $ 2,915 $ 3,070 $ 5,985 $ 198,331 $ 204,316 $ 881 |