Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 3 Loans receivable consist of the following at the dates indicated: December 31, 2020 December 31, 2019 (In thousands) Real Estate: One- to four-family $ 309,828 $ 306,014 Multi-family 162,467 96,098 Commercial real estate 296,574 255,722 Construction and land 123,627 37,187 Total real estate loans 892,496 695,021 Consumer: Home equity 33,103 35,046 Auto and other consumer 128,233 112,119 Total consumer loans 161,336 147,165 Commercial business loans 100,201 41,571 Total loans 1,154,033 883,757 Less: Net deferred loan fees 4,346 206 Premium on purchased loans, net (6,129 ) (4,514 ) Allowance for loan losses 13,847 9,628 Total loans receivable, net $ 1,141,969 $ 878,437 Loans, by the earlier of next repricing date or maturity, at the dates indicated: December 31, 2020 December 31, 2019 (In thousands) Adjustable-rate loans Due within one year $ 149,701 $ 99,494 After one but within five years 231,491 238,244 After five but within ten years 83,286 53,142 After ten years 16,608 5,054 481,086 395,934 Fixed-rate loans Due within one year 54,903 37,110 After one but within five years 107,785 67,786 After five but within ten years 219,014 124,683 After ten years 291,245 258,244 672,947 487,823 Total loans $ 1,154,033 $ 883,757 The adjustable-rate loans have interest rate adjustment limitations and are generally indexed to multiple indices. Future market factors may The following tables summarize changes in the ALLL and the loan portfolio by segment and impairment method at or for the periods shown: At or For the Year Ended December 31, 2020 One- to four-family Multi-family Commercial real estate Construction and land Home equity Auto and other consumer Commercial business Unallocated Total (In thousands) ALLL: Beginning balance $ 3,024 $ 888 $ 2,243 $ 399 $ 454 $ 2,261 $ 208 $ 151 $ 9,628 Provision for (recapture of) loan losses 387 876 1,177 1,062 (99 ) 1,279 221 143 5,046 Charge-offs — — — (5 ) — (992 ) — — (997 ) Recoveries 58 — — 5 13 94 — — 170 Ending balance $ 3,469 $ 1,764 $ 3,420 $ 1,461 $ 368 $ 2,642 $ 429 $ 294 $ 13,847 At December 31, 2020 One- to four-family Multi-family Commercial real estate Construction and land Home equity Auto and other consumer Commercial business Unallocated Total (In thousands) Total ALLL $ 3,469 $ 1,764 $ 3,420 $ 1,461 $ 368 $ 2,642 $ 429 $ 294 $ 13,847 General reserve 3,433 1,764 3,419 1,461 364 2,366 429 294 13,530 Specific reserve 36 — 1 — 4 276 — — 317 Total loans $ 309,828 $ 162,467 $ 296,574 $ 123,627 $ 33,103 $ 128,233 $ 100,201 $ — $ 1,154,033 General reserves (1) 306,862 162,183 295,296 123,601 32,968 127,411 100,201 — 1,148,522 Specific reserves (2) 2,966 284 1,278 26 135 822 — — 5,511 ( 1 ( 2 At or For the Year Ended December 31, 2019 One- to four-family Multi-family Commercial real estate Construction and land Home equity Auto and other consumer Commercial business Unallocated Total (In thousands) ALLL: Beginning balance $ 3,297 $ 762 $ 2,289 $ 585 $ 480 $ 1,611 $ 334 $ 175 $ 9,533 Provision for (recapture of) loan losses (278 ) 126 (46 ) (188 ) (71 ) 1,275 (125 ) (24 ) 669 Charge-offs — — — — — (884 ) (3 ) — (887 ) Recoveries 5 — — 2 45 259 2 — 313 Ending balance $ 3,024 $ 888 $ 2,243 $ 399 $ 454 $ 2,261 $ 208 $ 151 $ 9,628 At December 31, 2019 One- to four-family Multi-family Commercial real estate Construction and land Home equity Auto and other consumer Commercial business Unallocated Total (In thousands) Total ALLL $ 3,024 $ 888 $ 2,243 $ 399 $ 454 $ 2,261 $ 208 $ 151 $ 9,628 General reserve 2,993 887 2,235 399 439 2,119 203 151 9,426 Specific reserve 31 1 8 — 15 142 5 — 202 Total loans $ 306,014 $ 96,098 $ 255,722 $ 37,187 $ 35,046 $ 112,119 $ 41,571 $ — $ 883,757 General reserves (1) 303,026 95,991 253,839 37,158 34,775 111,271 41,308 — 877,368 Specific reserves (2) 2,988 107 1,883 29 271 848 263 — 6,389 ( 1 ( 2 The following table presents a summary of loans individually evaluated for impairment by portfolio segment including the average recorded investment in and interest income recognized on impaired loans at or for the periods shown: Year Ended December 31, 2020 December 31, 2020 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized (In thousands) With no allowance recorded: One- to four-family $ 227 $ 257 $ — $ 168 $ 13 Multi-family 284 284 — 219 — Commercial real estate 1,216 1,308 — 1,213 33 Construction and land — 29 — 9 — Home equity 37 94 — 41 1 Auto and other consumer — 224 — — 13 Commercial business — — — 68 — Total 1,764 2,196 — 1,718 60 With an allowance recorded: One- to four-family 2,739 2,941 36 3,197 177 Multi-family — — — 119 — Commercial real estate 62 62 1 301 3 Construction and land 26 26 — 27 3 Home equity 98 157 4 186 9 Auto and other consumer 822 953 276 721 33 Commercial business — — — 109 — Total 3,747 4,139 317 4,660 225 Total impaired loans: One- to four-family 2,966 3,198 36 3,365 190 Multi-family 284 284 — 338 — Commercial real estate 1,278 1,370 1 1,514 36 Construction and land 26 55 — 36 3 Home equity 135 251 4 227 10 Auto and other consumer 822 1,177 276 721 46 Commercial business — — — 177 — Total $ 5,511 $ 6,335 $ 317 $ 6,378 $ 285 The following table presents a summary of loans individually evaluated for impairment by portfolio segment including the average recorded investment in and interest income recognized on impaired loans at or for the periods shown: Year Ended December 31, 2019 December 31, 2019 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized (In thousands) With no allowance recorded: One- to four-family $ 297 $ 332 $ — $ 237 $ 11 Commercial real estate 1,240 1,320 — 1,271 54 Construction and land — 33 — — — Home equity 45 110 — 120 2 Auto and other consumer 251 548 — 20 18 Commercial business — — — — 4 Total 1,833 2,343 — 1,648 89 With an allowance recorded: One- to four-family 2,691 2,911 31 2,801 178 Multi-family 107 107 1 109 5 Commercial real estate 643 643 8 654 34 Construction and land 29 29 — 50 3 Home equity 226 286 15 281 19 Auto and other consumer 597 690 142 372 19 Commercial business 263 263 5 290 13 Total 4,556 4,929 202 4,557 271 Total impaired loans: One- to four-family 2,988 3,243 31 3,038 189 Multi-family 107 107 1 109 5 Commercial real estate 1,883 1,963 8 1,925 88 Construction and land 29 62 — 50 3 Home equity 271 396 15 401 21 Auto and other consumer 848 1,238 142 392 37 Commercial business 263 263 5 290 17 Total $ 6,389 $ 7,272 $ 202 $ 6,205 $ 360 Interest income recognized on a cash basis on impaired loans for the years ended December 31, 2020 2019 The following table presents the recorded investment in nonaccrual loans by class of loan at the dates indicated: December 31, 2020 December 31, 2019 (In thousands) One- to four-family $ 912 $ 698 Multi-family 284 — Commercial real estate 157 109 Construction and land 26 29 Home equity 73 112 Auto and other consumer 821 848 Total nonaccrual loans $ 2,273 $ 1,796 Past due loans 90 December 31, 2020 2019 The following table presents the recorded investment of past due loans, by class, as of December 31, 2020 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans (In thousands) Real Estate: One- to four-family $ 406 $ 132 $ 29 $ 567 $ 309,261 $ 309,828 Multi-family — — — — 162,467 162,467 Commercial real estate — — — — 296,574 296,574 Construction and land 56 — 26 82 123,545 123,627 Total real estate loans 462 132 55 649 891,847 892,496 Consumer: Home equity 94 — — 94 33,009 33,103 Auto and other consumer 815 138 137 1,090 127,143 128,233 Total consumer loans 909 138 137 1,184 160,152 161,336 Commercial business loans — — — — 100,201 100,201 Total loans $ 1,371 $ 270 $ 192 $ 1,833 $ 1,152,200 $ 1,154,033 The following table presents the recorded investment of past due loans, by class, as of December 31, 2019 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans (In thousands) Real Estate: One- to four-family $ 928 $ 92 $ 116 $ 1,136 $ 304,878 $ 306,014 Multi-family — — — — 96,098 96,098 Commercial real estate — — — — 255,722 255,722 Construction and land 38 — — 38 37,149 37,187 Total real estate loans 966 92 116 1,174 693,847 695,021 Consumer: Home equity 299 24 — 323 34,723 35,046 Auto and other consumer 1,423 370 614 2,407 109,712 112,119 Total consumer loans 1,722 394 614 2,730 144,435 147,165 Commercial business loans — 115 — 115 41,456 41,571 Total loans $ 2,688 $ 601 $ 730 $ 4,019 $ 879,738 $ 883,757 Credit quality indicator 6, 7, 8 8 not not When First Federal classifies problem assets as either substandard or doubtful, it may may not not 4 5 not 1 3 Additionally, First Federal categorizes loans as performing or nonperforming based on payment activity. Loans that are more than 90 The following table represents the internally assigned grade as of December 31, 2020 Pass Watch Special Mention Substandard Total (In thousands) Real Estate: One- to four-family $ 303,840 $ 2,487 $ 1,730 $ 1,771 $ 309,828 Multi-family 146,536 15,647 — 284 162,467 Commercial real estate 250,970 20,759 20,690 4,155 296,574 Construction and land 114,575 8,914 74 64 123,627 Total real estate loans 815,921 47,807 22,494 6,274 892,496 Consumer: Home equity 32,500 349 100 154 33,103 Auto and other consumer 124,115 2,034 1,216 868 128,233 Total consumer loans 156,615 2,383 1,316 1,022 161,336 Commercial business loans 92,010 7,791 168 232 100,201 Total loans $ 1,064,546 $ 57,981 $ 23,978 $ 7,528 $ 1,154,033 The following table represents the internally assigned grade as of December 31, 2019 Pass Watch Special Mention Substandard Total (In thousands) Real Estate: One- to four-family $ 301,312 $ 2,685 $ 1,148 $ 869 $ 306,014 Multi-family 95,694 — 107 297 96,098 Commercial real estate 251,531 97 2,800 1,294 255,722 Construction and land 35,897 1,184 77 29 37,187 Total real estate loans 684,434 3,966 4,132 2,489 695,021 Consumer: Home equity 34,260 470 89 227 35,046 Auto and other consumer 107,327 3,243 594 955 112,119 Total consumer loans 141,587 3,713 683 1,182 147,165 Commercial business loans 39,653 376 263 1,279 41,571 Total loans $ 865,674 $ 8,055 $ 5,078 $ 4,950 $ 883,757 The following table represents the credit risk profile based on payment activity as of December 31, 2020 Nonperforming Performing Total (In thousands) Real Estate: One- to four-family $ 912 $ 308,916 $ 309,828 Multi-family 284 162,183 162,467 Commercial real estate 157 296,417 296,574 Construction and land 26 123,601 123,627 Consumer: Home equity 73 33,030 33,103 Auto and other consumer 821 127,412 128,233 Commercial business loans — 100,201 100,201 Total loans $ 2,273 $ 1,151,760 $ 1,154,033 The following table represents the credit risk profile based on payment activity as of December 31, 2019 Nonperforming Performing Total (In thousands) Real Estate: One- to four-family $ 698 $ 305,316 $ 306,014 Multi-family — 96,098 96,098 Commercial real estate 109 255,613 255,722 Construction and land 29 37,158 37,187 Consumer: Home equity 112 34,934 35,046 Auto and other consumer 848 111,271 112,119 Commercial business loans — 41,571 41,571 Total loans $ 1,796 $ 881,961 $ 883,757 The Coronavirus Aid, Relief, and Economic Security Act of 2020 March 27, 2020, ( 19 not six 30 December 31, 2020 19 not 19 December 31, 2020 Count Balance Percent (Dollars in Thousands) Real Estate: One-to-four family 3 $ 450 19.2 % Multi-family 1 918 39.0 Commercial real estate 1 657 28.0 Construction and land 1 67 2.9 Total real estate loans 6 2,092 89.1 Consumer: Home equity — — — Auto and other consumer 13 257 10.9 Total consumer loans 13 257 10.9 Commercial business loans — — — Total loans 19 $ 2,349 100.0 % The following is a summary of information pertaining to TDR loans included in impaired loans at the dates indicated: December 31, 2020 December 31, 2019 (In thousands) Total TDR loans $ 2,224 $ 3,544 Allowance for loan losses related to TDR loans 26 41 Total nonaccrual TDR loans 108 81 The following table presents newly restructured and renewals or modifications of existing TDR loans by class that occurred during the year ended December 31, 2020 Number of Contracts Rate Modification Term Modification Combination Modification Total Modifications (Dollars in thousands) Pre-modification outstanding recorded investment One- to four-family 1 $ 29 $ — $ — $ 29 1 $ 29 $ — $ — $ 29 Post-modification outstanding recorded investment One- to four-family 1 $ 29 $ — $ — $ 29 1 $ 29 $ — $ — $ 29 There were no TDR loans which incurred a payment default within 12 December 31, 2020 The following table presents newly restructured and renewals or modifications of existing TDR loans by class that occurred during the year ended December 31, 2019 Number of Contracts Rate Modification Term Modification Combination Modification Total Modifications (Dollars in thousands) Pre-modification outstanding recorded investment One- to four-family 1 $ — $ — $ 50 $ 50 1 $ — $ — $ 50 $ 50 Post-modification outstanding recorded investment One- to four-family 1 $ — $ — $ 51 $ 51 1 $ — $ — $ 51 $ 51 The following is a summary of TDR loans which incurred a payment default within 12 December 31, 2019 Number of Contracts Rate Modification Term Modification Combination Modification Total Modifications (Dollars in thousands) TDR loans that subsequently defaulted One- to four-family 2 $ — $ — $ 99 $ 99 No additional funds are committed to be advanced in connection with TDR loans at December 31, 2020 The following table presents TDR loans by class at the dates indicated by accrual and nonaccrual status. December 31, 2020 December 31, 2019 Accrual Nonaccrual Total Accrual Nonaccrual Total (In thousands) One- to four-family $ 2,054 $ 108 $ 2,162 $ 2,290 $ 81 $ 2,371 Multi-family — — — 107 — 107 Commercial real estate — — — 643 — 643 Home equity 62 — 62 160 — 160 Commercial business loans — — — 263 — 263 Total TDR loans $ 2,116 $ 108 $ 2,224 $ 3,463 $ 81 $ 3,544 |