Financing Receivables [Text Block] | Note 6 - Loans Receivable, Net and Allowance for Loan Losses The composition of net loans receivable is as follows: June 30 , 201 9 December 31, 201 8 Real estate loans: One-to-four family residential: Owner occupied $ 6,304 $ 6,603 Non-owner occupied 43,351 47,361 Total one-to-four family residential 49,655 53,694 Multi-family (five or more) residential 23,498 23,967 Commercial real estate 108,275 103,819 Construction 9,719 9,998 Home equity 3,970 4,347 Total real estate loans 195,117 196,095 Commercial business 34,009 23,616 Other consumer 11 19 Total Loans 229,137 219,730 Deferred loan fees and costs (822 ) (867 ) Allowance for loan losses (2,126 ) (1,965 ) Net Loans $ 226,189 $ 216,898 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, 2019 December 31, 2018 June 30 , 201 9 Pass Special Mention Substandard Doubtful Total One-to-four family residential owner occupied $ 6,132 $ - $ 172 $ - $ 6,304 One-to-four family residential non-owner occupied 42,556 - 795 - 43,351 Multi-family residential 23,498 - - - 23,498 Commercial real estate 103,986 1,975 2,314 - 108,275 Construction 9,719 - - - 9,719 Home equity 3,970 - - - 3,970 Commercial business 33,960 - 49 - 34,009 Other consumer 11 - - - 11 Total $ 223,832 $ 1,975 $ 3,330 $ - $ 229,137 December 31, 201 8 Pass Special Mention Substandard Doubtful Total One-to-four family residential owner occupied $ 6,421 $ - $ 182 $ - $ 6,603 One-to-four family residential non-owner occupied 46,534 - 827 - 47,361 Multi-family residential 23,967 - - - 23,967 Commercial real estate 101,821 - 1,998 - 103,819 Construction 9,998 - - - 9,998 Home equity 4,347 - - - 4,347 Commercial business 23,149 - 467 - 23,616 Other consumer 19 - - - 19 Total $ 216,256 $ - $ 3,374 $ - $ 219,730 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, 2019 June 30 , 201 9 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 $ 172 $ 178 $ - $ 173 $ - One-to-four family residential non-owner occupied 264 264 - 265 8 Multi-family residential - - - - - Commercial real estate - - - - - Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - - With an allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 68 68 50 68 - Multi-family residential - - - - - Commercial real estate 133 133 5 133 6 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total: One-to-four family residential owner occupied $ 172 $ 178 $ - $ 173 $ - One-to-four family residential non-owner occupied 332 332 50 333 8 Multi-family residential - - - - - Commercial real estate 133 133 5 133 6 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total $ 637 $ 643 $ 55 $ 639 $ 14 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, 2018 December 31, 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 $ 182 $ 185 $ - $ 417 $ 23 One-to-four family residential non-owner occupied 265 265 - 324 17 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 68 68 50 162 4 Multi-family residential - - - - - Commercial real estate 133 133 5 133 10 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total: One-to-four family residential owner occupied $ 182 $ 185 $ - $ 417 $ 23 One-to-four family residential non-owner occupied 333 333 50 486 21 Multi-family residential - - - - - Commercial real estate 133 133 5 133 10 Construction - - - 2,050 37 Home equity - - - 44 2 Commercial business - - - - - Other consumer - - - - - Total $ 648 $ 651 $ 55 $ 3,130 $ 93 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, 2019, two $397,000 six June 30, 2019, no December 31, 2018, two $398,000 not six The following tables present the Company’s TDR loans as of June 30, 2019 December 31, 2018 ( June 30, 2019 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 1 264 - 264 - Multi-family residential - - - - - Commercial real estate 1 133 - 133 5 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total 2 $ 397 $ - $ 397 $ 5 December 31, 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 1 265 - 265 - Multi-family residential - - - - - Commercial real estate 1 133 - 133 5 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total 2 $ 398 $ - $ 398 $ 5 The contractual aging of the TDRs in the table above as of June 30, 2019 December 31, 2018 June 30, 2019 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 264 - - - 264 Multi-family residential - - - - - Commercial real estate 133 - - - 133 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total $ 397 $ - $ - $ - $ 397 December 31, 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 265 - - - 265 Multi-family residential - - - - - Commercial real estate 133 - - - 133 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total $ 398 $ - $ - $ - $ 398 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, 2019 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, 2019 June 30, 2019 ( June 30, 201 9 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 9 Allowance for loan losses: Beginning balance $ 49 $ 463 $ 160 $ 809 $ 142 $ 24 $ 303 $ 100 $ 2,050 Charge-offs - - - - - - - - - Recoveries - - - - - - - - - Provision - (26 ) (7 ) 26 38 (1 ) 67 (21 ) 76 Ending balance $ 49 $ 437 $ 153 $ 835 $ 180 $ 23 $ 370 $ 79 $ 2,126 For the Six Months Ended June 30, 201 9 Allowance for loan losses: Beginning balance $ 51 $ 435 $ 156 $ 839 $ 175 $ 21 $ 247 $ 41 $ 1,965 Charge-offs - - - - - - - - - Recoveries - - - - - - - - - Provision (2 ) 2 (3 ) (4 ) 5 2 123 38 161 Ending balance $ 49 $ 437 $ 153 $ 835 $ 180 $ 23 $ 370 $ 79 $ 2,126 Ending balance evaluated for impairment: Individually $ - $ 50 $ - $ 5 $ - $ - $ - $ - $ 55 Collectively $ 49 $ 387 $ 153 $ 830 $ 180 $ 23 $ 370 $ 79 $ 2,071 Loans receivable: Ending balance: $ 6,304 $ 43,351 $ 23,498 $ 108,275 $ 9,719 $ 3,970 $ 34,020 $ 229,137 Ending balance evaluated for impairment: Individually $ 172 $ 332 $ - $ 133 $ - $ - $ - $ 637 Collectively $ 6,132 $ 43,019 $ 23,498 $ 108,142 $ 9,719 $ 3,970 $ 34,020 $ 228,500 The Bank allocated increased allowance for loan loss provisions to the commercial business portfolio class for the three six June 30, 2019, three June 30, 2019, three June 30, 2019, 1 4 three June 30, 2019, Following is a summary, by loan portfolio class, of changes in the allowance for loan losses for the three six June 30, 2018 ( June 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 June 30, 201 8 Allowance for loan losses: Beginning balance $ 54 $ 495 $ 164 $ 720 $ 142 $ 26 $ 170 $ 65 $ 1,836 Charge-offs - - - - (100 ) - - - (100 ) Recoveries - - - - - - - - - Provision 6 (56 ) 2 8 137 (2 ) 31 (32 ) 94 Ending balance $ 60 $ 439 $ 166 $ 728 $ 179 $ 24 $ 201 $ 33 $ 1,830 For the Six Months Ended June 30, 201 8 Allowance for loan losses: Beginning balance $ 48 $ 540 $ 152 $ 687 $ 136 $ 27 $ 140 $ 82 $ 1,812 Charge-offs - (47 ) - - (100 ) - - - (147 ) Recoveries - - - - - - - - - Provision 12 (54 ) 14 41 143 (3 ) 61 (49 ) 165 Ending balance $ 60 $ 439 $ 166 $ 728 $ 179 $ 24 $ 201 $ 33 $ 1,830 Ending balance evaluated for impairment: Individually $ - $ 20 $ - $ 5 $ - $ - $ - $ - $ 25 Collectively $ 60 $ 419 $ 166 $ 723 $ 179 $ 24 $ 201 $ 33 $ 1,805 The Bank allocated decreased allowance for loan loss provisions to the 1 4 three six June 30, 2018, three six June 30, 2018, three six June 30, 2018, three six June 30, 2018, Following is a summary, by loan portfolio class, of changes in the allowance for loan losses for the year ended December 31, 2018 December 31, 2018 ( December 31, 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 Allowance for loan losses: Beginning balance $ 48 $ 540 $ 152 $ 687 $ 136 $ 27 $ 140 $ 82 $ 1,812 Charge-offs - (47 ) - - (215 ) - - - (262 ) Recoveries - - - - - - - - - Provision 3 (58 ) 4 152 254 (6 ) 107 (41 ) 415 Ending balance $ 51 $ 435 $ 156 $ 839 $ 175 $ 21 $ 247 $ 41 $ 1,965 Ending balance evaluated for impairment Individually $ - $ 50 $ - $ 5 $ - $ - $ - $ - $ 55 Collectively $ 51 $ 385 $ 156 $ 834 $ 175 $ 21 $ 247 $ 41 $ 1,910 Loans receivable: Ending balance $ 6,603 $ 47,361 $ 23,967 $ 103,819 $ 9,998 $ 4,347 $ 23,635 $ 219,730 Ending balance evaluated for impairment Individually $ 182 $ 333 $ - $ 133 $ - $ - $ - $ 648 Collectively $ 6,421 $ 47,028 $ 23,967 $ 103,686 $ 9,998 $ 4,347 $ 23,635 $ 219,082 The Bank allocated increased allowance for loan loss provisions to the construction loan portfolio class for the year ended December 31, 2018, December 31, 2018, December 31, 2018, 1 4 December 31, 2018, The following table presents nonaccrual loans by classes of the loan portfolio as of June 30, 2019 December 31, 2018 ( June 30 , 201 9 December 31, 201 8 One-to-four family residential owner occupied $ 172 $ 182 One-to-four family residential non-owner occupied 68 68 Multi-family residential - - Commercial real estate - - Construction - - Home equity - - Commercial business - - Other consumer - - Total $ 240 $ 250 Non-performing loans, which consist of non-accruing loans plus accruing loans 90 $592,000 $1.2 June 30, 2019 December 31, 2018, For the three six June 30, 2019 2018 no $4,000 $9,000 three six June 30, 2019, $9,000 $18,000 three six June 30, 2018, 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, 2019 December 31, 2018 ( June 30 , 201 9 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 $ 643 $ 172 $ 815 $ 5,489 $ 6,304 $ - One-to-four family residential non-owner occupied 365 230 595 42,756 43,351 162 Multi-family residential - - - 23,498 23,498 - Commercial real estate 256 190 446 107,829 108,275 190 Construction 790 - 790 8,929 9,719 - Home equity 30 - 30 3,940 3,970 - Commercial business 179 - 179 33,830 34,009 - Other consumer - - - 11 11 - Total $ 2,263 $ 592 $ 2,855 $ 226,282 $ 229,137 $ 352 December 31, 201 8 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 $ 1,096 $ 182 $ 1,278 $ 5,325 $ 6,603 $ - One-to-four family residential non-owner occupied 1,259 68 1,327 46,034 47,361 - Multi-family residential 371 -- 371 23,596 23,967 - Commercial real estate 2,070 548 2,618 101,201 103,819 548 Construction 2,231 - 2,231 7,767 9,998 - Home equity 31 - 31 4,316 4,347 - Commercial business 3 380 383 23,233 23,616 380 Other consumer - - - 19 19 - Total $ 7,061 $ 1,178 $ 8,239 $ 211,491 $ 219,730 $ 928 |