New Bancorp (NWBB) 10-K 30 Mar 16 2015 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Mar. 28, 2016	Jun. 30, 2015
Entity Registrant Name	New Bancorp, Inc.
Entity Central Index Key	1,644,482
Trading Symbol	nwbb
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)		696,600
Entity Public Float			$ 7.7
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash and due from banks	$ 7,132,000	$ 5,165,000
Interest-earning demand deposits	1,678,000	2,816,000
Cash and cash equivalents	8,810,000	7,981,000
Interest-earning time deposits in banks	$ 992,000	992,000
Loans held for sale		581,000
Loans, net of allowance for loan losses of $1,155 and $1,147 at December 31, 2015 and 2014, respectively	$ 76,575,000	72,365,000
Premises and equipment	2,024,000	2,162,000
Federal Home Loan Bank stock	468,000	678,000
Foreclosed real estate held for sale, net	245,000	248,000
Accrued interest receivable	217,000	187,000
Bank owned life insurance	5,247,000	5,081,000
Mortgage servicing rights	317,000	269,000
Prepaid expenses and other assets	150,000	162,000
Total assets	95,045,000	90,706,000
Liabilities
Demand	20,435,000	20,161,000
Savings and money market accounts	18,918,000	21,070,000
Time	32,913,000	26,637,000
Total deposits	72,266,000	67,868,000
Federal funds purchased	0	2,500,000
Borrowings	6,927,000	6,927,000
Accrued nonqualified benefit plans	139,000	2,830,000
Other liabilities	639,000	572,000
Total liabilities	$ 79,971,000	$ 80,697,000
Commitments and Contingencies
Redeemable common stock held by Employee Stock Ownership Plan (ESOP)	$ 44,000
Shareholders' Equity
Preferred stock, $0.01 par value, 5,000,000 shares authorized, none issued
Common stock, $0.01 par value, 50,000,000 shares authorized, 696,600 shares issued and outstanding	$ 7,000
Additional paid-in capital	5,754,000
Unearned ESOP shares	(523,000)
Retained earnings	9,836,000	$ 10,009,000
Total shareholders' equity	15,074,000	$ 10,009,000
Less maximum cash obligation related to ESOP shares	(44,000)
Total shareholders' equity less maximum cash obligation related to ESOP shares	15,030,000	$ 10,009,000
Total liabilities and shareholders' equity	$ 95,045,000	$ 90,706,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Allowance for loan losses	$ 1,155	$ 1,147
Preferred stock, par value (in dollars per share)	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000
Preferred stock, shares issued (in shares)	0
Common stock, par value (in dollars per share)	$ 0.01
Common stock, shares authorized (in shares)	50,000,000
Common stock, shares issued (in shares)	696,600
Common stock, shares outstanding (in shares)	696,600

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Interest Income
Loans	$ 3,192	$ 2,869
Investment securities		8
Interest-bearing deposits	$ 38	54
Total interest income	3,230	2,931
Interest Expense
Deposits	598	556
Borrowings	135	37
Total interest expense	733	593
Net Interest Income	$ 2,497	2,338
Provision (Credit) for Loan Losses		(100)
Net Interest Income After Provision (Credit) for Loan Losses	$ 2,497	2,438
Noninterest Income
Service charges and fees	$ 304	296
Net realized loss on sale of available for sale securities (includes accumulated other comprehensive loss reclassifications for net losses on available for sale securities; 2014 - $(15)		(15)
Gain on sale of loans	$ 374	47
Loss on sale of foreclosed real estate, net	(27)	(110)
Income from bank owned life insurance	166	161
Loan servicing fees, net	31	45
Other operating	23	26
Total noninterest income	871	450
Noninterest Expense
Salaries and employee benefits	1,877	3,215
Occupancy and equipment	443	441
Data processing fees	404	387
Franchise taxes	4	37
FDIC insurance premiums	75	97
Insurance premiums	51	48
Professional services	195	512
Impairment losses and expenses of foreclosed real estate	142	277
Other	350	309
Total noninterest expense	3,541	5,323
Net Loss	$ (173)	$ (2,435)

Consolidated Statements of Ope5

Consolidated Statements of Operations (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Reclassification from accumulated other comprehensive loss for net losses on available for sale securities		$ (15)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Net loss	$ (173)	$ (2,435)
Other comprehensive income:
Unrealized holding gains on securities		17
Reclassification adjustment for realized losses		15
Other comprehensive income		32
Comprehensive loss	$ (173)	$ (2,403)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Shares Acquired by Employee Stock Ownership Plan [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Maximum Cash Obligation Related to ESOP Shares [Member]	Total
Balance at Dec. 31, 2013				$ 12,444	$ (32)		$ 12,412
Net loss				$ (2,435)			(2,435)
Other comprehensive income					$ 32		32
Balance at Dec. 31, 2014				$ 10,009			10,009
Net loss				(173)			$ (173)
Other comprehensive income
Balance at Dec. 31, 2015	$ 7	$ 5,754	$ (523)	$ 9,836		$ (44)	$ 15,030
Proceeds from issuance of common stock	$ 7	5,746	(557)				5,196
ESOP shares earned		$ 8	$ 34				42
Change related to ESOP shares						$ (44)	$ (44)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Operating activities
Net loss	$ (173,000)	$ (2,435,000)
Items not requiring cash:
Depreciation and amortization	$ 241,000	217,000
Amortization of premiums and discounts on securities, net		2,000
Amortization of deferred loan origination fees and costs, net	$ 3,000	(3,000)
Provision (credit) for loan losses		(100,000)
Loss on sale of investment securities		15,000
Gain on sale of loans	$ (374,000)	(47,000)
Proceeds from sales of loans originated for sale	9,502,000	1,521,000
Loans originated for sale	(8,740,000)	(2,066,000)
Loss on sale of foreclosed real estate	27,000	110,000
Impairment loss on foreclosed real estate	111,000	$ 159,000
ESOP shares earned	42,000
Cash surrender value of life insurance	(166,000)	$ (161,000)
Changes in
Accrued interest receivable	(30,000)	(22,000)
Prepaid expenses and other assets	12,000	(10,000)
Other liabilities	(2,624,000)	(2,140,000)
Net cash from operating activities	$ (2,169,000)	(4,960,000)
Investing activities
Net change in interest-earning time deposit in banks		743,000
Proceeds from sale of available-for-sale securities	$ 0	660,000
Principal repayments from mortgage-backed securities available-for-sale		$ 64,000
Proceeds from sale of loans transferred to loans held for sale	$ 2,135,000
Net change in loans	(6,608,000)	$ (15,553,000)
Purchase of premises and equipment	(36,000)	(183,000)
Proceeds from redemption of FHLB stock	210,000	239,000
Proceeds from sale of foreclosed assets	203,000	757,000
Net cash used in investing activities	(4,096,000)	(13,273,000)
Financing activities
Net increase (decrease) in deposits	4,398,000	(7,566,000)
Net change in federal funds purchased	$ (2,500,000)	2,500,000
Proceeds from borrowings		6,927,000
Repayment of borrowings		$ (1,000,000)
Proceeds from issuance of common stock	$ 5,196,000
Net cash provided by financing activities	7,094,000	$ 861,000
Net change in cash	829,000	(17,372,000)
Cash and Cash Equivalents, Beginning of Year	7,981,000	25,353,000
Cash and Cash Equivalents, End of Year	8,810,000	7,981,000
Supplemental Disclosure of Cash Flow Information
Interest on deposits and borrowings	731,000	589,000
Supplemental Disclosure of Noncash Investing Activities
Transfers from loans to real estate acquired through foreclosure	338,000	$ 82,000
Transfers from loans to loans held for sale	$ 2,057,000

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	Note 1: Nature of Operations and Summary of Significant Accounting Policies Nature of Operations New Bancorp, Inc. was formed to serve as the stock holding company for New Buffalo Savings Bank (the “Bank”) upon completion of its mutual-to-stock conversion. The conversion was effective October 19, 2015. New Bancorp, Inc. issued 696,600 shares at an offering price of $10.00 per share. The Bank conducts a general banking business in southwestern Michigan which primarily consists of attracting deposits from the general public and applying those funds to the origination of loans for residential, consumer and nonresidential purposes. Principles of Consolidation The consolidated financial statements as of and for the year ended December 31, 2015, include New Bancorp, Inc. and its wholly-owned subsidiary the Bank, together referred to as the “Company.” Intercompany transactions and balances have been eliminated in consolidation. The financial statements as of and for the year ended December 31, 2014 represent the Bank only, as the conversion to stock form, including the formation of New Bancorp, Inc., was completed on October 19, 2015. References herein to the “Company” for periods prior to the completion of the stock conversion should be deemed to refer to the “Bank.” Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, mortgage servicing rights, valuation of deferred tax assets and fair values of financial instruments. Cash and Cash Equivalents The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 2015, the Company’s cash accounts exceeded federally insured limits by approximately $5.7 million. Additionally, approximately $2.0 million of cash in total is held by the Federal Home Loan Bank and Federal Reserve Bank as of December 31, 2015, which is not federally insured. Interest-earning Deposits in Banks Interest-earning time deposits in banks mature in three years and are carried at cost. Securities Certain debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and recorded at amortized cost. Trading securities are recorded at fair value with changes in fair value included in earnings. Securities not classified as held to maturity or trading, are classified as “available for sale” and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. For debt securities with fair value below amortized cost, when the Company does not intend to sell a debt security, and it is more likely than not the Company will not have to sell the security before recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. Loans Held for Sale Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to noninterest income. Gains and losses on loan sales are recorded in noninterest income, and direct loan origination costs and fees are deferred at origination of the loan and are recognized in noninterest income upon sale of the loan. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoffs are reported at their outstanding principal balances adjusted for unearned income, charge-offs, the allowance for loan losses and any unamortized deferred fees or costs on originated loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. The accrual of interest on mortgage and commercial loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past-due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified 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 nonclassified loans and is based on historical charge-off experience and expected loss given default derived from the Bank’s internal risk rating process. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. 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 classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Accordingly, the Company does not separately identify individual consumer and residential loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. Premises and Equipment Depreciable assets are stated at cost less accumulated depreciation. Depreciation is charged to expense using the straight-line method over the estimated useful lives of the assets. The estimated useful lives of depreciable assets is 39 years for buildings, 10 years for building improvements, and three to seven years for furniture, fixtures and equipment. Maintenance and repairs are expensed and major improvements are capitalized. Federal Home Loan Bank Stock Federal Home Loan Bank (“FHLB”) stock is a required investment for institutions that are members of the FHLB system. The required investment in the common stock is based on a predetermined formula, carried at cost and evaluated for impairment. Foreclosed Real Estate Held for Sale Real estate acquired through, or in lieu of, loan foreclosure is held for sale and is initially recorded at fair value less cost to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in net income or expense from foreclosed assets. Foreclosed real estate held for sale consisted of residential real estate at December 31, 2015 and 2014. There were $423,000 of residential real estate loans in the process of foreclosure at December 31, 2015. Mortgage Servicing Rights Mortgage servicing assets are recognized separately when rights are acquired through purchase or through sale of financial assets. Under the servicing assets and liabilities accounting guidance (ASC 860-50), servicing rights resulting from the sale or securitization of loans originated by the Company are initially measured at fair value at the date of transfer. The Company subsequently measures the servicing asset using either the fair value or the amortization method. The Company has elected to initially and subsequently measure the mortgage servicing rights for consumer mortgage loans using the amortization method. Under the amortization method, servicing rights are amortized in proportion to and over the period of estimated net servicing income. The amortized assets are assessed for impairment based on fair value at each reporting date. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. These variables change from quarter to quarter as market conditions and projected interest rates change, and may have an adverse impact on the value of the mortgage servicing right and may result in a reduction to noninterest income. Each class of separately recognized servicing assets subsequently measured using the amortization method are evaluated and measured for impairment. Impairment is determined by stratifying rights into tranches based on predominant characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual tranche, to the extent that fair value is less than the carrying amount of the servicing assets for that tranche. The valuation allowance is adjusted to reflect changes in the measurement of impairment after the initial measurement of impairment. Fair value in excess of the carrying amount of servicing assets for that stratum is not recognized. Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company —put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. Income Taxes The Company accounts for income taxes in accordance with income tax accounting guidance (ASC 740, Income Taxes Tax positions are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Company has established a full valuation allowance for its net deferred tax asset as of December 31, 2015 and 2014. See Note 9, Income Taxes, for further information. Bank Owned Life Insurance The cash surrender value of bank owned life insurance policies represents the value of life insurance policies on certain current and former officers of the Company for which the Company is the beneficiary. The Company accounts for these assets using the cash surrender value method in determining the carrying value of the insurance policies. Comprehensive Income (Loss) Comprehensive income (loss) consists of net income (loss) and other comprehensive income. Other comprehensive income includes unrealized appreciation (depreciation) on available-for-sale securities. Earnings Per Share Earnings per share is not meaningful for the year ended December 31, 2015 and not applicable to the year ended December 31, 2014, as the Company completed its conversion to stock form in October 2015. Emerging Growth Company Critical Accounting Policy Disclosure We are an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933 (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012 ( the “JOBS Act”). We are eligible to take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies. As an “emerging growth company” we have elected to use the extended transition period to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. Accordingly, our financial statements may not be comparable to the financial statements of public companies that comply with such new or revised accounting standards.

Note 2 - Restriction on Cash an

Note 2 - Restriction on Cash and Due From Banks	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Cash Restrictions and Due from Banks [Text Block]	Note 2: Restriction on Cash and Due From Banks The Company is generally required to maintain reserve funds in cash and/or on deposit with the Federal Reserve Bank. The Company had no reserve balance requirement at December 31, 2015.

Note 3 - Securities

Note 3 - Securities	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 3: Securities The Company had no available-for-sale securities at December 31, 2015 and 2014. Proceeds from sales of investment securities totaled $660,000 during the year ended December 31, 2014, resulting in gross realized losses of $15,000 on such sales. The Company had no sales of investment securities during the year ended December 31, 2015.

Note 4 - Loans and Allowance fo

Note 4 - Loans and Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 4: Loans and Allowance for Loan Losses Classes of loans at December 31, 2015 and 2014 include: 2015 2014 (In thousands) Real estate loans Residential $ 41,972 $ 37,481 Commercial 27,319 26,633 Construction and land 7,196 7,854 Commercial business 1,354 1,625 Consumer and other 321 392 Total loans 78,162 73,985 Less: Net deferred loan (fees) costs, premiums and discounts (2 ) 2 Undisbursed loans in process (430 ) (475 ) Allowance for loan losses (1,155 ) (1,147 ) Net loans $ 76,575 $ 72,365 The risk characteristics applicable to each segment of the loan portfolio are described below: Residential 1 -4 Family and Equity Lines of Credit Real Estate: Commercial Real Estate: Construction and Land: Commercial Business : Consumer: The following tables present by portfolio segment, the activity in the allowance for loan losses for the years ended December 31, 2015 and 2014, and the recorded investment in loans and impairment method as of December 31, 2015 and 2014: December 31, 2015 Real Estate Construction Commercial Residential Commercial and Land Business Consumer Total (In thousands) Allowance for loan losses: Balance, January 1, 2015 $ 575 $ 418 $ 126 $ 23 $ 5 $ 1,147 Provision for loan losses 65 (35 ) (24 ) (4 ) (2 ) - Charge-offs - - - - - - Recoveries 8 - - - - 8 Balance, December 31, 2015 $ 648 $ 383 $ 102 $ 19 $ 3 $ 1,155 Allowance for loan losses: Ending balance, individually evaluated for impairment $ 20 $ - $ - $ - $ - $ 20 Ending balance, collectively evaluated for impairment $ 628 $ 383 $ 102 $ 19 $ 3 $ 1,135 Loans: Ending balance $ 41,972 $ 27,319 $ 7,196 $ 1,354 $ 321 $ 78,162 Ending balance; individually evaluated for impairment $ 1,763 $ 229 $ 1,751 $ - $ - $ 3,743 Ending balance; collectively evaluated for impairment $ 40,209 $ 27,090 $ 5,445 $ 1,354 $ 321 $ 74,419 December 31, 2014 Real Estate Construction Commercial Residential Commercial and Land Business Consumer Total (In thousands) Allowance for loan losses: Balance, January 1, 2014 $ 596 $ 513 $ 127 $ 34 $ 3 $ 1,273 Provision (credit) for loan losses 5 (95 ) (1 ) (11 ) 2 (100 ) Charge-offs (26 ) - - - - (26 ) Recoveries - - - - - - Balance, December 31, 2014 $ 575 $ 418 $ 126 $ 23 $ 5 $ 1,147 Allowance for loan losses: Ending balance, individually evaluated for impairment $ 26 $ - $ - $ - $ - $ 26 Ending balance, collectively evaluated for impairment $ 549 $ 418 $ 126 $ 23 $ 5 $ 1,121 Loans: Ending balance $ 37,481 $ 26,633 $ 7,854 $ 1,625 $ 392 $ 73,985 Ending balance; individually evaluated for impairment $ 2,183 $ 214 $ 1,856 $ - $ - $ 4,253 Ending balance; collectively evaluated for impairment $ 35,298 $ 26,419 $ 5,998 $ 1,625 $ 392 $ 69,732 Internal Risk Categories The Company has adopted a standard loan grading system for all loans. Loans are selected for a grading review based on certain characteristics, including concentrations of credit and upon delinquency of 90 days or more. Definitions are as follows: Pass : Special Mention /Watch Substandard Doubtful Loss The following tables present the credit risk profile of the Company’s loan portfolio based on internal rating category and payment activity as of December 31, 2015 and 2014: December 31, 2015 Real Estate Construction Commercial Residential Commercial and Land Business Consumer Total (In thousands) Pass $ 39,842 $ 26,178 $ 7,022 $ 1,354 $ 297 $ 74,693 Special mention/Watch 686 529 8 - 27 1,250 Substandard 1,444 612 166 - - 2,222 Doubtful - - - - - - Total $ 41,972 $ 27,319 $ 7,196 $ 1,354 $ 321 $ 78,165 December 31, 2014 Real Estate Construction Commercial Residential Commercial and Land Business Consumer Total (In thousands) Pass $ 35,236 $ 24,777 $ 7,669 $ 1,625 $ 392 $ 69,699 Special mention/Watch 584 514 19 - - 1,117 Substandard 1,096 1,342 - - - 2,438 Doubtful 565 - 166 - - 731 Total $ 37,481 $ 26,633 $ 7,854 $ 1,625 $ 392 $ 73,985 The Company evaluates the loan risk grading system definitions and allowance for loan losses methodology on an ongoing basis. No significant changes were made to either during the past year. The following tables present the Company’s loan portfolio aging analysis of the recorded investment in loans as of December 31, 2015 and 2014: December 31, 2015 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Loans Receivable Total Loans > 90 Days & Accruing (In thousands) Real estate Residential $ 455 $ 100 $ 598 $ 1,153 $ 40,819 $ 41,972 $ - Commercial - 7 - 7 27,312 27,319 - Construction and land - - 166 166 7,030 7,196 - Commercial business - - - - 1,354 1,354 - Consumer - - - - 321 321 - Total $ 455 $ 107 $ 764 $ 1,326 $ 76,836 $ 78,162 $ - December 31, 2014 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Loans Receivable Total Loans > 90 Days & Accruing (In thousands) Real estate Residential $ 298 $ 109 $ 565 $ 972 $ 36,509 $ 37,481 $ - Commercial - - - - 26,633 26,633 - Construction and land - - 166 166 7,688 7,854 - Commercial business - - - - 1,625 1,625 - Consumer 22 - - 22 370 392 - Total $ 320 $ 109 $ 731 $ 1,160 $ 72,825 $ 73,985 $ - A loan is considered impaired, in accordance with the impairment accounting guidance (ASC 310-10-35-16), when based on current information and events, it is probable the Company will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Impaired loans include nonperforming multi-family and commercial loans but also include loans modified in troubled debt restructurings. The following tables present impaired loans as of and for the years ended December 31, 2015 and 2014: As of and for the year ended December 31, 2015 Recorded Balance Unpaid Principal Balance Specific Allowance Average Balance of Loans Interest Income Recognized (In thousands) Loans without a specific valuation allowance: Real estate Residential $ 1,607 $ 1,647 $ - $ 1,413 $ 66 Commercial 229 229 - 238 16 Construction and land 1,751 1,751 - 1,816 87 Commercial business - - - - - Consumer - - - - - Loans with a specific valuation allowance: Real estate Residential 156 166 20 118 - Commercial - - - - - Construction and land - - - - - Commercial business - - - - - Consumer - - - - - Totals $ 3,743 $ 3,793 $ 20 $ 3,585 $ 169 As of and for the year ended December 31, 2014 Recorded Balance Unpaid Principal Balance Specific Allowance Average Balance of Impaired Loans Interest Income Recognized (In thousands) Loans without a specific valuation allowance: Real estate Residential $ 1,617 $ 1,630 $ - $ 2,231 $ 80 Commercial 214 214 - 219 15 Construction and land 1,856 1,856 - 1,775 94 Commercial business - - - - - Consumer - - - - - Loans with a specific valuation allowance: Real estate Residential 566 584 26 316 - Commercial - - - - - Construction and land - - - - - Commercial business - - - - - Consumer - - - - - Totals $ 4,253 $ 4,284 $ 26 $ 4,541 $ 189 The following table presents the Company’s nonaccrual loans at December 31, 2015 and 2014. The table excludes performing troubled debt restructurings. December 31, 2015 2014 (In thousands) Real estate loans Residential $ 987 $ 1,033 Commercial 7 11 Construction and land 166 166 Commercial business - - Consumer and other - - Total nonaccrual $ 1,160 $ 1,210 At December 31, 2015 and 2014, the Company had certain loans that were modified in troubled debt restructurings and impaired. The modification of terms of such loans generally included one or a combination of the following: an extension of the maturity date, a reduction of the stated interest rate or a permanent reduction of the recorded investment in the loan. The following tables present information regarding troubled debt restructurings by class for the years ended December 31, 2015 and 2014. Newly classified troubled debt restructurings are as follows: December 31, 2015 Number of Contracts Pre- Modification Balance Post- Modification Balance (In thousands) Real estate Residential 1 $ 50 $ 50 Commercial 1 42 42 Construction and land - - - Commercial business - - - Consumer - - - 2 $ 92 $ 92 December 31, 2014 Number of Contracts Pre- Modification Balance Post- Modification Balance (In thousands) Real estate Residential 2 $ 116 $ 116 Commercial - - - Construction and land 2 319 319 Commercial business - - - Consumer - - - 4 $ 435 $ 435 Newly restructured loans by type of modification are as follows for the years ended December 31, 2015 and 2014: Interest Only Term Combination Total Modification December 31, 2015 (In thousands) Real estate Residential $ - $ 50 $ - $ 50 Commercial - 42 - 42 Construction and land - - - - Commercial business - - - - Consumer - - - - $ - $ 92 $ - $ 92 Interest Only Term Combination Total Modification December 31, 2014 (In thousands) Real estate Residential $ - $ - $ 116 $ 116 Commercial - - - - Construction and land - 296 23 319 Commercial business - - - - Consumer - - - - $ - $ 296 $ 139 $ 435 The troubled debt restructurings described did not increase the allowance for loan losses and did not result in charge offs during the years ended December 31, 2015 and 2014. The Company had no troubled debt restructurings modified in the years ended December 31, 2015 and 2014 that subsequently defaulted. A loan is considered to be in payment default once it is 30 days contractually past due under the loan’s modified terms. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Company’s internal underwriting policy.

Note 5 - Premises and Equipment

Note 5 - Premises and Equipment	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	Note 5: Premises and Equipment Major classifications of premises and equipment, stated at cost, at December 31, 2015 and 2014, are as follows: 2015 2014 (In thousands) Land $ 342 $ 342 Buildings and improvements 3,145 3,137 Furniture and equipment 2,418 2,389 5,905 5,868 Less accumulated depreciation 3,881 3,706 Net premises and equipment $ 2,024 $ 2,162

Note 6 - Loan Servicing

Note 6 - Loan Servicing	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Transfers and Servicing of Financial Assets [Text Block]	Note 6: Loan Servicing Loans serviced for others are not included in the accompanying consolidated balance sheets. The risks inherent in mortgage servicing assets relate primarily to changes in prepayments that result from shifts in mortgage interest rates. The unpaid principal balances of mortgage and other loans serviced for others were $40.6 million and $35.9 million at December 31, 2015 and 2014, respectively. Mortgage servicing rights activity for the years ended December 31, 2015 and 2014 was as follows: 2015 2014 (In thousands) Balance at beginning of year $ 269 $ 307 Additions 115 11 Amortization (67 ) (49 ) Balance at end of year $ 317 $ 269 The fair value of mortgage servicing rights approximates the carrying value at December 31, 2015 and 2014.

Note 7 - Interest-bearing Depos

Note 7 - Interest-bearing Deposits	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	Note 7: Time Deposits Time deposits in denominations of $250,000 or more were $4.6 million and $2.2 million at December 31, 2015 and 2014, respectively. At December 31, 2015, the scheduled maturities of time deposits were as follows: 2015 (In thousands) Maturing year ending December 31, 2016 $ 10,794 2017 7,643 2018 4,794 2019 3,523 2020 5,549 Thereafter 610 $ 32,913

Note 8 - Borrowings

Note 8 - Borrowings	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 8: Borrowings Scheduled maturities of advances from the Federal Home Loan Bank were as follows at December 31, 2015: Maturing in year ended Interest rate December 31, 2015 (In thousands) 1.43% 2017 $ 1,000 1.80% 2018 1,000 1.85% 2019 1,927 2.08% 2020 3,000 $ 6,927 The Company’s advances from the Federal Home Loan Bank are all at fixed rates of interest. The advances are secured by a pledge of certain eligible mortgage loans, totaling $23.1 million and $14.2 million at December 31, 2015 and 2014, respectively, and the Company’s investment in FHLB stock. The advances are subject to restrictions or penalties in the event of prepayment. At December 31, 2015, the Company had the ability to borrow additional advances from the FHLB totaling $9.9 million. In addition, at December 31, 2014, the Company had outstanding federal funds purchased from UBB Securities of $2.5 million, which matured daily, bearing interest at a rate of 0.75%. The Company had no outstanding federal funds purchased at December 31, 2015.

Note 9 - Income Taxes

Note 9 - Income Taxes	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 9: Income Taxes A reconciliation of the federal income tax expense (benefit) at the statutory rate to the Company’s actual income tax expense (benefit) is shown below: Year Ended December 31, 2015 2014 (In thousands) Computed at statutory rate (34%) $ (59 ) $ (828 ) Increase (decrease) resulting from: Bank-owned life insurance (56 ) (55 ) Change in valuation allowance 112 919 Other 3 (36 ) Actual income taxes (credits) $ - $ - The composition of the Company’s net deferred tax asset at December 31, 2015 and 2014, is as follows: 2015 2014 (In thousands) Deferred tax assets Allowance for loan losses $ 400 $ 398 Deferred compensation 48 974 Expenses on foreclosed assets held for sale 35 52 Net operating loss carryforward 3,943 2,870 Other 26 26 Deferred tax assets 4,452 4,320 Deferred tax liabilities Federal Home Loan Bank dividends (16 ) (23 ) Mortgage servicing rights (110 ) (93 ) Deferred loan orgination fees (1 ) - Depreciation (33 ) (24 ) Deferred tax liabilities (160 ) (140 ) Net deferred tax asset before valuation allowance 4,292 4,180 Valuation allowance Beginning balance (4,180 ) (3,261 ) Increase during period (112 ) (919 ) Ending balance (4,292 ) (4,180 ) Net deferred tax asset $ - $ - As of December 31, 2015 and 2014, the net deferred tax asset was fully reserved. Management recorded a valuation allowance against the net deferred tax asset at December 31, 2015 and 2014, based on consideration of, but not limited to, the Company’s cumulative pre-tax losses during the past three years, the composition of recurring and non-recurring income from operations over the past several years and the magnitude of recent taxable income as compared to net operating loss carryforwards. When determining the amount of deferred tax assets that are more-likely-than-not to be realized, and therefore recorded as a benefit, the Company conducts a regular assessment of all available information. This information includes, but is not limited to, taxable income in prior periods, projected future income and projected future reversals of deferred tax items. Based on these criteria, the Company determined that it was necessary to maintain a full valuation allowance against the entire net deferred tax asset. The Company’s net operating loss of $11.3 million at December 31, 2015, will be carried forward to use against future taxable income. The net operating loss carryforwards begin to expire in the year ending December 31, 2030. Indiana net operating loss carryforwards totaled $1.0 million at December 31, 2015 and will begin to expire in the year ending December 31, 2024. Retained earnings at both December 31, 2015 and 2014, includes approximately $1.5 million for which no deferred federal income tax liability has been recognized. This amount represents an allocation of income to bad debt deductions for tax purposes only. Reduction of amounts so allocated for purposes other than tax bad debt losses or adjustments arising from carryback of net operating losses would create income for tax purposes only, which would be subject to the then-current corporate income tax rate. The deferred income tax liability on the preceding amount that would have been recorded if it was expected to reverse into taxable income in the foreseeable future was approximately $510,000 at December 31, 2015 and 2014. As of December 31, 2015 and 2014, the Company had no unrecognized tax benefits or accrued interest and penalties recorded. The Bank does not expect the total amount of unrecognized tax benefits to significantly increase within the next twelve months. The Company will record interest and penalties as a component of income tax expense. The Company is subject to U.S. federal and Indiana income tax. The Company is no longer subject to examination by taxing authorities for years prior to 2012.

Note 10 - Regulatory Matters

Note 10 - Regulatory Matters	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	Note 10: Regulatory Matters The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory- and possibly additional discretionary- actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Bank’s regulators could require adjustments to regulatory capital not reflected in these financial statements. Quantitative measures established by regulation to ensure capital adequacy requires the Bank to maintain minimum amounts and ratios (set forth in the table below), for periods through December 31, 2014, of total and Tier I capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier I capital to total assets (as defined). At December 31, 2015, quantitative measures established by regulation to ensure capital adequacy requires the Bank to maintain minimum amounts and ratios (set forth in the table below), of total capital, Tier 1 capital and common equity Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined) and of Tier 1 leverage capital to average total assets. Basel III was effective for the Co mpany on January 1, 2015. Basel III requires the Co mpany and the Bank to maintain minimum amounts and ratio s of common equity tier 1capital to risk weighted assets, as defined in the regulation. Under the new Basel III rules, in order to avoid limitations on capital distributions, including dividends, the Co mpany must hold a capital conservation buffer above the adequately capitalized common equity tier 1 capital to risk-weighted assets ratio. The capital conservation buffer is being phased in from zero percent to 2.50 percent by 2019. Under Basel III, the Co mpany and Bank elected to opt-out of including accumulated other comprehensive income in regulatory capital. Regulatory capital ratios at December 31, 2015, were calculated under Basel III while regulatory capital ratios at December 31, 2014, were calculated under Basel I. Management believes, as of December 31, 2015 and 2014, that the Bank meets all capital adequacy requirements to which it is subject. As of December 31, 2015 and 2014, the most recent notification categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier 1 risk-based, common equity Tier 1, and Tier 1 leverage capital ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the Bank’s category. The Bank is subject to certain restrictions on the amounts of dividends that it may declare without prior regulatory approval. Generally, the Bank’s payment of dividends is limited to net income for the current year plus the two preceding calendar years, less capital distributions paid over the comparable time period. At December 31, 2015, no dividends were available for dividend declaration without prior regulatory approval. The Bank’s actual capital amounts and ratios are presented in the following table: Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of December 31, 2015 Total Capital (to Risk-Weighted Assets) $ 14,072 21.3 % $ 5,295 8.0 % $ 6,618 10.0 % Tier 1 Capital (to Risk-Weighted Assets) $ 13,241 20.0 % $ 3,971 6.0 % $ 5,295 8.0 % Common Equity Tier I Capital (to Risk-Weighted Assets) $ 13,241 20.0 % $ 2,978 4.5 % $ 4,302 6.5 % Tier I Leverage Capital (to Average Total Assets) $ 13,241 13.9 % $ 3,801 4.0 % $ 4,752 5.0 % As of December 31, 2014 Total Capital (to Risk-Weighted Assets) $ 10,817 16.3 % $ 5,316 8.0 % $ 6,645 10.0 % Tier I Capital (to Risk-Weighted Assets) $ 9,982 15.0 % $ 2,658 4.0 % $ 3,987 6.0 % Tier I Capital (to Total Assets) $ 9,982 11.0 % $ 3,627 4.0 % $ 5,441 6.0 %

Note 11 - Related Party Transac

Note 11 - Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	Note 11: Related Party Transactions At December 31, 2015 and 2014, the Company had loans outstanding to executive officers, directors and their affiliates (related parties), in the amount of approximately $2.5 million and $2.1 million, respectively. During the year ended December 31, 2015, loans originated to related parties totaled $1.3 million and principal repayments from related parties totaled $914,000, respectively. At December 31, 2015 and 2014, the Company had deposits from certain officers, directors and other related interests totaling approximately $349,000 and $753,000, respectively.

Note 12 - Employee Benefits

Note 12 - Employee Benefits	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	Note 12: Employee Benefits The Company had a supplemental executive retirement plan (“SERP”) agreement with certain former executive officers. The Company had recorded annual expense equal to the projected present value of the payments due after retirement. The SERP agreements were terminated in July 2013. In addition, the Company has an agreement to provide partial reimbursement of medical coverage expenses for the former executive officers. The liability recorded under these agreements was $139,000 and $2.8 million at December 31, 2015 and 2014, respectively. The Company recognized expense for these agreements totaling $18,000 and $963,000 for the years ended December 31, 2015 and 2014, respectively. The accrued SERP agreement liability was paid in 2015. During 2015, the Company entered into a salary continuation agreement with the Company’s President that provides supplemental retirement benefits. The Company will contribute a total of $105,000 to the plan over a five year period that will be paid out over a 15 year period upon retirement. The funds will accrue interest at a rate of 4.50%. The Company recognized expense for this plan totaling $22,000 during the year ended December 31, 2015. The Company participates in the Pentegra Defined Benefit Plan for Financial Institutions (the “Plan”), a multiemployer defined benefit pension plan, for the benefit of substantially all employees. The risks of participating in a multiemployer plan are different from single-employer plans in the following aspects: 1. Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers. 2. If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers. 3. If the Company chooses to stop participating in its multiemployer plan, the Company may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability. The Company maintained participation in the Plan for the years ended December 31, 2015 and 2014. The Employee Identification Number (EIN) is 13-5645888 and the three-digit plan number is 333. The Plan operates as a multi-employer plan for accounting purposes and as a multiple-employer plan under the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code 413(c). There are no collective bargaining agreements in place that require contributions to the Plan. The Company has frozen this Plan effective 2011. The Plan is administered by the trustees of the Financial Institutions Retirement Fund. Plan contributions and expense were approximately $30,000 and $553,000, for the years ended December 31, 2015 and 2014, respectively. The Company’s funded status in the Plan at December 31, 2015 and 2014 was approximately 99.7% and 96.7%, respectively. Total contributions made to the Pentegra DB Plan as reported on the Form 5500, equal $190.8 million and $136.5 million for the plan years ended June 30, 2014 and 2013, respectively. The Company’s contributions to the Pentegra DB Plan are not more than 5% of the total contributions to the Pentegra DB Plan. F- 32 Table Of Contents New Bancorp, Inc. Notes to Consolidated Financial Statements December 31, 2015 and 2014 (In Thousands) The Company has a retirement savings 401(k) plan covering substantially all employees. Employees attain eligibility in the 401(k) plan upon completing one year of service and being 21 years of age or older. Employees may contribute amounts, up to the federal limitations, of their compensation with the Company matching 3% of the employee’s total contributions. Employer contributions charged to expense were $27,000 and $22,000, for the years ended December 31, 2015 and 2014, respectively. As part of the Company’s stock conversion, shares were purchased by the ESOP with a loan from New Bancorp, Inc. All employees of the Bank meeting certain tenure requirements are entitled to participate in the ESOP. The ESOP acquired 55,728 shares of the Company’s common stock in the conversion. During the year ended December 31, 2015, a total of 3,375 shares were allocated to ESOP plan participants, leaving 52,353 unallocated shares in the ESOP at December 31, 2015. Compensation expense related to the ESOP was $42,000 for the year ended December 31, 2015. The stock price at the formation date was $10.00. The aggregate fair value of the 52,353 unallocated shares was $681,000 based on the $13.00 closing price of the common stock on December 31, 2015. In the event the ESOP is unable to satisfy the obligation to repurchase the shares held by each beneficiary upon the beneficiary’s termination or retirement, the Company is obligated to repurchase the shares. At December 31, 2015, the fair value of these shares is $44,000. There are no outstanding shares held by former employees that are subject to an ESOP related repurchase option.

Note 13 - Commitments and Credi

Note 13 - Commitments and Credit Risk	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 13: Commitments and Credit Risk Commitments to Originate Loans Commitments to originate loans are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since a portion of the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Each customer’s creditworthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management’s credit evaluation of the counterparty. Collateral held varies, but may include accounts receivable, inventory, property, plant and equipment, commercial real estate and residential real estate. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual notional amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations, including receipt of collateral, as those utilized for on-balance-sheet instruments. F- 33 Table Of Contents New Bancorp, Inc. Notes to Consolidated Financial Statements December 31, 2015 and 2014 (In Thousands) At December 31, 2015, the Company had outstanding commitments to originate loans aggregating approximately $532,000, comprised of fixed-rate loans, with interest rates ranging from 4.125% to 4.375%. In addition, at December 31, 2015, the Company had commitments under undisbursed construction loans totaling $430,000 and commitments under commercial and consumer lines of credit totaling $2.5 million and $810,000, respectively. At December 31, 2014, the Company had outstanding commitments to originate loans aggregating approximately $156,000, comprised of fixed-rate loans, with interest rates of 4.125%. In addition, at December 31, 2014, the Company had commitments under undisbursed construction loans totaling $475,000 and commitments under commercial and consumer lines of credit totaling $1.6 million and $1.2 million, respectively. The Company had commitments under outstanding financial standby letters of credit totaling $36,000 at both December 31, 2015 and 2014.

Note 14 - Disclosures About Fai

Note 14 - Disclosures About Fair Value of Assets and Liabilities	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 14: Disclosures about Fair Value of Assets and Liabilities Fair value is the exchange price that would be received to sell an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value: Level 1 Level 2 Level 3 F- 34 Table Of Contents New Bancorp, Inc. Notes to Consolidated Financial Statements December 31, 2015 and 2014 (In Thousands) Nonrecurring Measurements The following table presents fair value measurements of assets measured at fair value on a non-recurring basis and the level within the fair value hierarchy in which fair value measurements fall at December 31, 2015 and 2014: Fair Value Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) December 31, 2015 Impaired loans $ 136 $ - $ - $ 136 Foreclosed assets held for sale 245 - - 245 December 31, 2014 Impaired loans $ 540 $ - $ - $ 540 Foreclosed assets held for sale 76 - - 76 Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a non-recurring basis and recognized in the accompanying balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below. Collateral-dependent Impaired Loans, Net of ALLL The estimated fair value of collateral-dependent impaired loans is based on the appraised fair value of the collateral, less estimated cost to sell. Collateral-dependent impaired loans are classified within Level 3 of the fair value hierarchy. The Company considers the appraisal or evaluation as the starting point for determining fair value and then considers other factors and events in the environment that may affect the fair value. Appraisals of the collateral underlying collateral-dependent loans are obtained when the loan is determined to be collateral-dependent and subsequently as deemed necessary by management. Appraisals are reviewed for accuracy and consistency by management. Appraisers are selected from the list of approved appraisers maintained by management. The appraised values are reduced by discounts to consider lack of marketability and estimated cost to sell if repayment or satisfaction of the loan is dependent on the sale of the collateral. These discounts and estimates are developed by management by comparison to historical results. F- 35 Table Of Contents New Bancorp, Inc. Notes to Consolidated Financial Statements December 31, 2015 and 2014 (In Thousands) Foreclosed Real Estate Held for Sale Foreclosed real estate held for sale is carried at the lower of fair value at acquisition date or current estimated fair value, less estimated cost to sell when the real estate is acquired. Estimated fair value of foreclosed real estate is based on appraisals or evaluations. Foreclosed real estate is classified within Level 3 of the fair value hierarchy. Appraisals of foreclosed real estate are obtained when the real estate is acquired and subsequently as deemed necessary by management. Appraisals are reviewed for accuracy and consistency by the management. Appraisers are selected from the list of approved appraisers maintained by management. Unobservable (Level 3) Inputs The following table presents quantitative information about unobservable inputs used in nonrecurring Level 3 fair value measurements: Fair Value Valuation Technique Unobservable Inputs Range (In thousands) December 31, 2015 Impaired loans (collateral dependent) $ 136 Marketable comparable properties Marketability discount 10% - 15% Foreclosed real estate 245 Marketable comparable properties Comparability adjustments 9% December 31, 2014 Impaired loans (collateral dependent) $ 540 Marketable comparable properties Marketability discount 10% - 15% Foreclosed real estate 76 Marketable comparable properties Comparability adjustments 10% F- 36 Table Of Contents New Bancorp, Inc. Notes to Consolidated Financial Statements December 31, 2015 and 2014 (In Thousands) Fair Value of Financial Instruments The following table presents the estimated fair values of the Company’s financial instruments not carried at fair value and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2015 and 2014. Fair Value Measurement Using Carrying Value Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) December 31, 2015 Financial assets Cash and due from banks $ 7,132 $ 7,132 $ 7,132 $ - $ - Interest-earning demand deposits 1,678 1,678 1,678 - - Interest-earning time deposits in banks 992 992 - 992 - Loans, net 76,575 77,086 - - 77,086 Federal Home Loan Bank stock 468 468 - 468 - Accrued interest receivable 217 217 - 217 - Mortgage servicing rights 317 317 - - 317 Financial liabilities Deposits 72,266 72,708 39,353 33,355 - Advances from the Federal Home Loan Bank 6,927 7,023 - 7,023 - Accrued interest payable 11 11 - 11 - December 31, 2014 Financial assets Cash and due from banks $ 5,165 $ 5,165 $ 5,165 $ - $ - Interest-earning demand deposits 2,816 2,816 2,816 - - Interest-earning time deposits in banks 992 992 - 992 - Loans held for sale 581 592 - 592 - Loans, net 72,365 72,959 - - 72,959 Federal Home Loan Bank stock 678 678 - 678 - Accrued interest receivable 187 187 - 187 - Mortgage servicing rights 269 269 - - 269 Financial liabilities Deposits 67,868 68,507 41,231 27,276 - Federal funds purchased 2,500 2,500 2,500 - - Advances from the Federal Home Loan Bank 6,927 7,049 - 7,049 - Accrued interest payable 9 9 - 9 - F- 37 Table Of Contents New Bancorp, Inc. Notes to Consolidated Financial Statements December 31, 2015 and 2014 (In Thousands) The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying balance sheets at amounts other than fair value. Cash and Due from Banks and Interest-bearing Demand Deposits The carrying amount approximates fair value. Interest-earning Time Deposits in Banks The carrying amount approximates fair value. Loans Held For Sale Fair value is based on prices quoted by the U.S. government sponsored agencies generally used by the Company in sales transactions. Loans Fair value is estimated by discounting the future cash flows using the market rates at which similar notes would be made to borrowers with similar credit ratings and for the same remaining maturities. The market rates used are based on current rates the Company would impose for similar loans and reflect a market participant assumption about risks associated with nonperformance, illiquidity, and the structure and term of the loans along with local economic and market conditions. Federal Home Loan Bank Stock Fair value is estimated at book value due to restrictions that limit the sale or transfer of such securities. Accrued Interest Receivable and Payable The carrying amount approximates fair value. The carrying amount is determined using the interest rate, balance and last payment date. Mortgage Servicing Rights Mortgage servicing rights do not trade in an active, open market with readily observable prices. Accordingly, fair value is estimated using discounted cash flow models having significant inputs of discount rate, prepayment speed and default rate. F- 38 Table Of Contents New Bancorp, Inc. Notes to Consolidated Financial Statements December 31, 2015 and 2014 (In Thousands) Deposits Fair value of term deposits is estimated by discounting the future cash flows using rates of similar deposits with similar maturities. The market rates used were obtained from a knowledgeable independent third party and reviewed by the Company. The rates were the average of current rates offered by local competitors of the Company. The estimated fair value of demand, NOW, savings and money market deposits is the book value since rates are regularly adjusted to market rates and amounts are payable on demand at the reporting date. Federal Funds Purchased The carrying amount approximates fair value. Federal Home Loan Bank Advances Fair value is estimated by discounting the future cash flows using rates of similar advances with similar maturities. These rates were obtained from current rates offered by FHLB. Commitments to Originate Loans, Letters of Credit and Lines of Credit The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair values of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date.

Note 15 - Recent Accounting Pro

Note 15 - Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note 15: Recent Accounting Pronouncements FASB ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities F- 39 Table Of Contents New Bancorp, Inc. Notes to Consolidated Financial Statements December 31, 2015 and 2014 (In Thousands) For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. For all other entities, the guidance is effective for fiscal years beginning after December 15, 2018 and for interim periods within fiscal years beginning after December 15, 2019. Early adoption of the amendments in this update is not permitted, except that early application by public business entities to financial statements of fiscal years or interim periods that have not yet been issued or, by all other entities, that have not yet been made available for issuance are permitted as of the beginning of the fiscal year of adoption for the following amendment: An entity should present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk if the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. An entity should apply the amendments to this update by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. Management is currently evaluating the impact of adopting this guidance on the Company’s financial statements. FASB ASU 2016-02, Leases In February 2016 the FASB issued ASU 2016-02, Leases. ● A lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis; and ● A right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers The new lease guidance simplified the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. Lessees will no longer be provided with a source of off-balance sheet financing. Public business entities should apply the amendments in ASU 2016-02 for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years (i.e., January 1, 2019, for a calendar year entity). For non-public entities, the guidance is effective date for fiscal years beginning after December 15, 2019. Early adoption is permitted for all entities. F- 40 Table Of Contents New Bancorp, Inc. Notes to Consolidated Financial Statements December 31, 2015 and 2014 (In Thousands) Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. Management is currently evaluating the impact of adopting this guidance on the Company’s financial statements. FASB ASU 2014-09, Revenue from Contracts with Customers In May 2014, the FASB issued amended guidance on revenue recognition from contracts with customers. The standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most contract revenue recognition guidance, including industry-specific guidance. The core principle of the amended guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amended guidance is effective for annual reporting periods beginning after December 15, 2017, and interim periods within the reporting period, and should be applied either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying the amendments recognized at the date of initial application. Early adoption is prohibited. With the issuance of ASU 2015-14 on July 9, 2015, FASB approved the deferral of the effective date of ASU 2014-09 for one year giving companies the option to early adopt using the original effective dates. Management is currently in the process of evaluating the impact of the amended guidance on the Bank’s financial statements

Note 16 - Change in Corporate F

Note 16 - Change in Corporate Form	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Change in Corporate Form [Text Block]	Note 16: Change in Corporate Form On October 19, 2015, the Bank consummated its mutual –to-stock conversion pursuant to which it became a Federal stock savings bank and the wholly owned subsidiary of New Bancorp, Inc., as parent of the Bank. As part of the conversion, the Bank became the wholly owned subsidiary of the Company, and the Company issued and sold shares of its capital stock pursuant to an independent valuation appraisal of the Bank and the Company. The stock was priced at $10.00 per share. In addition, the Bank’s board of directors adopted an employee stock ownership plan (ESOP) which subscribed for 8% of the common stock sold in the offering. The Conversion was completed on October 19, 2015 and resulted in the issuance of 696,600 common shares by the Company. The cost of the Conversion and issuing the capital stock totaled $1.2 million and was deducted from the proceeds of the offering. F- 41 Table Of Contents New Bancorp, Inc. Notes to Consolidated Financial Statements December 31, 2015 and 2014 (In Thousands) In accordance with OCC regulations, at the time of the Conversion, the Bank substantially restricted retained earnings by establishing a liquidation account. The liquidation account will be maintained for the benefit of eligible holders who continue to maintain their accounts at the Bank after the Conversion. The liquidation account will be reduced annually to the extent that eligible account holders have reduced their qualifying deposits. Subsequent increases will not restore an eligible account holder’s interest in the liquidation account. In the event of a complete liquidation of the Bank, and only in such event, each eligible account holder will be entitled to receive a distribution from the liquidation account in an amount proportionate to the adjusted qualifying account balances then held. The Bank may not pay dividends if those dividends would reduce equity capital below the required liquidation account amount. The conversion was accounted for as a change in corporate form with the historic basis of the Bank’s assets, liabilities and equity unchanged as a result.

Note 17 - Condensed Financial I

Note 17 - Condensed Financial Information (Parent Company Only)	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	Note 17: Condensed Financial Information (Parent Company Only) Presented below is condensed financial information as to the financial position, results of operations and cash flows of the Company: Condensed Balance Sheet December 31, 2015 (In thousands) Assets Cash $ 1,833 Investment in Bank subsidiary 13,241 Total assets $ 15,074 Liabilities and Shareholders' Equity Liabilities $ - Redeemable common stock held by ESOP 44 Total shareholders' equity less maximum cash obligation related to ESOP shares 15,030 Total liabilities and shareholders' equity $ 15,074 Condensed Statement of Operations For the Period Ended December 31, 2015 Income Interest income $ 3 Expenses Equity in net loss of Bank subsidiary (158 ) Net loss $ (155 ) Condensed Statement of Cash Flows For the Period Ended December 31, 2015 Operating activities Net loss $ (155 ) Other adjustments 34 Items not requiring cash: Equity in loss of Bank subsidiary 158 Net cash from operating activities 37 Investing activities Investment in Bank subsidiary (3,400 ) Financing activities Proceeds from issuance of common stock 5,196 Net change in cash 1,833 Cash at beginning of period - Cash at end of period $ 1,833

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements as of and for the year ended December 31, 2015, include New Bancorp, Inc. and its wholly-owned subsidiary the Bank, together referred to as the “Company.” Intercompany transactions and balances have been eliminated in consolidation. The financial statements as of and for the year ended December 31, 2014 represent the Bank only, as the conversion to stock form, including the formation of New Bancorp, Inc., was completed on October 19, 2015. References herein to the “Company” for periods prior to the completion of the stock conversion should be deemed to refer to the “Bank.”
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, mortgage servicing rights, valuation of deferred tax assets and fair values of financial instruments.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 2015, the Company’s cash accounts exceeded federally insured limits by approximately $5.7 million. Additionally, approximately $2.0 million of cash in total is held by the Federal Home Loan Bank and Federal Reserve Bank as of December 31, 2015, which is not federally insured.
Deposits in Banks [Policy Text Block]	Interest-earning Deposits in Banks Interest-earning time deposits in banks mature in three years and are carried at cost.
Marketable Securities, Policy [Policy Text Block]	Securities Certain debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and recorded at amortized cost. Trading securities are recorded at fair value with changes in fair value included in earnings. Securities not classified as held to maturity or trading, are classified as “available for sale” and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. For debt securities with fair value below amortized cost, when the Company does not intend to sell a debt security, and it is more likely than not the Company will not have to sell the security before recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income.
Loans Held-for-sale [Policy Text Block]	Loans Held for Sale Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to noninterest income. Gains and losses on loan sales are recorded in noninterest income, and direct loan origination costs and fees are deferred at origination of the loan and are recognized in noninterest income upon sale of the loan.
Finance, Loans and Leases Receivable, Policy [Policy Text Block]	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoffs are reported at their outstanding principal balances adjusted for unearned income, charge-offs, the allowance for loan losses and any unamortized deferred fees or costs on originated loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. The accrual of interest on mortgage and commercial loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past-due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified 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 nonclassified loans and is based on historical charge-off experience and expected loss given default derived from the Bank’s internal risk rating process. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. 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 classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Accordingly, the Company does not separately identify individual consumer and residential loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower.
Property, Plant and Equipment, Policy [Policy Text Block]	Premises and Equipment Depreciable assets are stated at cost less accumulated depreciation. Depreciation is charged to expense using the straight-line method over the estimated useful lives of the assets. The estimated useful lives of depreciable assets is 39 years for buildings, 10 years for building improvements, and three to seven years for furniture, fixtures and equipment. Maintenance and repairs are expensed and major improvements are capitalized.
Federal Home Loan Bank Stock [Policy Text Block]	Federal Home Loan Bank Stock Federal Home Loan Bank (“FHLB”) stock is a required investment for institutions that are members of the FHLB system. The required investment in the common stock is based on a predetermined formula, carried at cost and evaluated for impairment.
Loans and Leases Receivable, Real Estate Acquired Through Foreclosure, Policy [Policy Text Block]	Foreclosed Real Estate Held for Sale Real estate acquired through, or in lieu of, loan foreclosure is held for sale and is initially recorded at fair value less cost to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in net income or expense from foreclosed assets. Foreclosed real estate held for sale consisted of residential real estate at December 31, 2015 and 2014. There were $423,000 of residential real estate loans in the process of foreclosure at December 31, 2015.
Loans and Leases Receivable, Mortgage Banking Activities, Policy [Policy Text Block]	Mortgage Servicing Rights Mortgage servicing assets are recognized separately when rights are acquired through purchase or through sale of financial assets. Under the servicing assets and liabilities accounting guidance (ASC 860-50), servicing rights resulting from the sale or securitization of loans originated by the Company are initially measured at fair value at the date of transfer. The Company subsequently measures the servicing asset using either the fair value or the amortization method. The Company has elected to initially and subsequently measure the mortgage servicing rights for consumer mortgage loans using the amortization method. Under the amortization method, servicing rights are amortized in proportion to and over the period of estimated net servicing income. The amortized assets are assessed for impairment based on fair value at each reporting date. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. These variables change from quarter to quarter as market conditions and projected interest rates change, and may have an adverse impact on the value of the mortgage servicing right and may result in a reduction to noninterest income. Each class of separately recognized servicing assets subsequently measured using the amortization method are evaluated and measured for impairment. Impairment is determined by stratifying rights into tranches based on predominant characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual tranche, to the extent that fair value is less than the carrying amount of the servicing assets for that tranche. The valuation allowance is adjusted to reflect changes in the measurement of impairment after the initial measurement of impairment. Fair value in excess of the carrying amount of servicing assets for that stratum is not recognized. Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income.
Transfers and Servicing of Financial Assets, Policy [Policy Text Block]	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company —put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.
Income Tax, Policy [Policy Text Block]	Income Taxes The Company accounts for income taxes in accordance with income tax accounting guidance (ASC 740, Income Taxes Tax positions are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Company has established a full valuation allowance for its net deferred tax asset as of December 31, 2015 and 2014. See Note 9, Income Taxes, for further information.
Life Settlement Contracts, Policy [Policy Text Block]	Bank Owned Life Insurance The cash surrender value of bank owned life insurance policies represents the value of life insurance policies on certain current and former officers of the Company for which the Company is the beneficiary. The Company accounts for these assets using the cash surrender value method in determining the carrying value of the insurance policies.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income (Loss) Comprehensive income (loss) consists of net income (loss) and other comprehensive income. Other comprehensive income includes unrealized appreciation (depreciation) on available-for-sale securities.
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Share Earnings per share is not meaningful for the year ended December 31, 2015 and not applicable to the year ended December 31, 2014, as the Company completed its conversion to stock form in October 2015.
Emerging Growth Company, Policy [Policy Text Block]	Emerging Growth Company Critical Accounting Policy Disclosure We are an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933 (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012 ( the “JOBS Act”). We are eligible to take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies. As an “emerging growth company” we have elected to use the extended transition period to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. Accordingly, our financial statements may not be comparable to the financial statements of public companies that comply with such new or revised accounting standards.
New Accounting Pronouncements, Policy [Policy Text Block]	FASB ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. For all other entities, the guidance is effective for fiscal years beginning after December 15, 2018 and for interim periods within fiscal years beginning after December 15, 2019. Early adoption of the amendments in this update is not permitted, except that early application by public business entities to financial statements of fiscal years or interim periods that have not yet been issued or, by all other entities, that have not yet been made available for issuance are permitted as of the beginning of the fiscal year of adoption for the following amendment: An entity should present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk if the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. An entity should apply the amendments to this update by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. Management is currently evaluating the impact of adopting this guidance on the Company’s financial statements. FASB ASU 2016-02, Leases In February 2016 the FASB issued ASU 2016-02, Leases. ? A lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis; and ? A right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers The new lease guidance simplified the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. Lessees will no longer be provided with a source of off-balance sheet financing. Public business entities should apply the amendments in ASU 2016-02 for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years (i.e., January 1, 2019, for a calendar year entity). For non-public entities, the guidance is effective date for fiscal years beginning after December 15, 2019. Early adoption is permitted for all entities. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. Management is currently evaluating the impact of adopting this guidance on the Company’s financial statements. FASB ASU 2014-09, Revenue from Contracts with Customers In May 2014, the FASB issued amended guidance on revenue recognition from contracts with customers. The standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most contract revenue recognition guidance, including industry-specific guidance. The core principle of the amended guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amended guidance is effective for annual reporting periods beginning after December 15, 2017, and interim periods within the reporting period, and should be applied either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying the amendments recognized at the date of initial application. Early adoption is prohibited. With the issuance of ASU 2015-14 on July 9, 2015, FASB approved the deferral of the effective date of ASU 2014-09 for one year giving companies the option to early adopt using the original effective dates. Management is currently in the process of evaluating the impact of the amended guidance on the Bank’s financial statements

Note 4 - Loans and Allowance 27

Note 4 - Loans and Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	2015 2014 (In thousands) Real estate loans Residential $ 41,972 $ 37,481 Commercial 27,319 26,633 Construction and land 7,196 7,854 Commercial business 1,354 1,625 Consumer and other 321 392 Total loans 78,162 73,985 Less: Net deferred loan (fees) costs, premiums and discounts (2 ) 2 Undisbursed loans in process (430 ) (475 ) Allowance for loan losses (1,155 ) (1,147 ) Net loans $ 76,575 $ 72,365
Allowance for Credit Losses on Financing Receivables [Table Text Block]	December 31, 2015 Real Estate Construction Commercial Residential Commercial and Land Business Consumer Total (In thousands) Allowance for loan losses: Balance, January 1, 2015 $ 575 $ 418 $ 126 $ 23 $ 5 $ 1,147 Provision for loan losses 65 (35 ) (24 ) (4 ) (2 ) - Charge-offs - - - - - - Recoveries 8 - - - - 8 Balance, December 31, 2015 $ 648 $ 383 $ 102 $ 19 $ 3 $ 1,155 Allowance for loan losses: Ending balance, individually evaluated for impairment $ 20 $ - $ - $ - $ - $ 20 Ending balance, collectively evaluated for impairment $ 628 $ 383 $ 102 $ 19 $ 3 $ 1,135 Loans: Ending balance $ 41,972 $ 27,319 $ 7,196 $ 1,354 $ 321 $ 78,162 Ending balance; individually evaluated for impairment $ 1,763 $ 229 $ 1,751 $ - $ - $ 3,743 Ending balance; collectively evaluated for impairment $ 40,209 $ 27,090 $ 5,445 $ 1,354 $ 321 $ 74,419 December 31, 2014 Real Estate Construction Commercial Residential Commercial and Land Business Consumer Total (In thousands) Allowance for loan losses: Balance, January 1, 2014 $ 596 $ 513 $ 127 $ 34 $ 3 $ 1,273 Provision (credit) for loan losses 5 (95 ) (1 ) (11 ) 2 (100 ) Charge-offs (26 ) - - - - (26 ) Recoveries - - - - - - Balance, December 31, 2014 $ 575 $ 418 $ 126 $ 23 $ 5 $ 1,147 Allowance for loan losses: Ending balance, individually evaluated for impairment $ 26 $ - $ - $ - $ - $ 26 Ending balance, collectively evaluated for impairment $ 549 $ 418 $ 126 $ 23 $ 5 $ 1,121 Loans: Ending balance $ 37,481 $ 26,633 $ 7,854 $ 1,625 $ 392 $ 73,985 Ending balance; individually evaluated for impairment $ 2,183 $ 214 $ 1,856 $ - $ - $ 4,253 Ending balance; collectively evaluated for impairment $ 35,298 $ 26,419 $ 5,998 $ 1,625 $ 392 $ 69,732
Financing Receivable Credit Quality Indicators [Table Text Block]	December 31, 2015 Real Estate Construction Commercial Residential Commercial and Land Business Consumer Total (In thousands) Pass $ 39,842 $ 26,178 $ 7,022 $ 1,354 $ 297 $ 74,693 Special mention/Watch 686 529 8 - 27 1,250 Substandard 1,444 612 166 - - 2,222 Doubtful - - - - - - Total $ 41,972 $ 27,319 $ 7,196 $ 1,354 $ 321 $ 78,165 December 31, 2014 Real Estate Construction Commercial Residential Commercial and Land Business Consumer Total (In thousands) Pass $ 35,236 $ 24,777 $ 7,669 $ 1,625 $ 392 $ 69,699 Special mention/Watch 584 514 19 - - 1,117 Substandard 1,096 1,342 - - - 2,438 Doubtful 565 - 166 - - 731 Total $ 37,481 $ 26,633 $ 7,854 $ 1,625 $ 392 $ 73,985
Past Due Financing Receivables [Table Text Block]	December 31, 2015 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Loans Receivable Total Loans > 90 Days & Accruing (In thousands) Real estate Residential $ 455 $ 100 $ 598 $ 1,153 $ 40,819 $ 41,972 $ - Commercial - 7 - 7 27,312 27,319 - Construction and land - - 166 166 7,030 7,196 - Commercial business - - - - 1,354 1,354 - Consumer - - - - 321 321 - Total $ 455 $ 107 $ 764 $ 1,326 $ 76,836 $ 78,162 $ - December 31, 2014 30-59 Days Past Due 60-89 Days Past Due Greater Than 90 Days Total Past Due Current Total Loans Receivable Total Loans > 90 Days & Accruing (In thousands) Real estate Residential $ 298 $ 109 $ 565 $ 972 $ 36,509 $ 37,481 $ - Commercial - - - - 26,633 26,633 - Construction and land - - 166 166 7,688 7,854 - Commercial business - - - - 1,625 1,625 - Consumer 22 - - 22 370 392 - Total $ 320 $ 109 $ 731 $ 1,160 $ 72,825 $ 73,985 $ -
Impaired Financing Receivables [Table Text Block]	As of and for the year ended December 31, 2015 Recorded Balance Unpaid Principal Balance Specific Allowance Average Balance of Loans Interest Income Recognized (In thousands) Loans without a specific valuation allowance: Real estate Residential $ 1,607 $ 1,647 $ - $ 1,413 $ 66 Commercial 229 229 - 238 16 Construction and land 1,751 1,751 - 1,816 87 Commercial business - - - - - Consumer - - - - - Loans with a specific valuation allowance: Real estate Residential 156 166 20 118 - Commercial - - - - - Construction and land - - - - - Commercial business - - - - - Consumer - - - - - Totals $ 3,743 $ 3,793 $ 20 $ 3,585 $ 169 As of and for the year ended December 31, 2014 Recorded Balance Unpaid Principal Balance Specific Allowance Average Balance of Impaired Loans Interest Income Recognized (In thousands) Loans without a specific valuation allowance: Real estate Residential $ 1,617 $ 1,630 $ - $ 2,231 $ 80 Commercial 214 214 - 219 15 Construction and land 1,856 1,856 - 1,775 94 Commercial business - - - - - Consumer - - - - - Loans with a specific valuation allowance: Real estate Residential 566 584 26 316 - Commercial - - - - - Construction and land - - - - - Commercial business - - - - - Consumer - - - - - Totals $ 4,253 $ 4,284 $ 26 $ 4,541 $ 189
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	December 31, 2015 2014 (In thousands) Real estate loans Residential $ 987 $ 1,033 Commercial 7 11 Construction and land 166 166 Commercial business - - Consumer and other - - Total nonaccrual $ 1,160 $ 1,210
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	December 31, 2015 Number of Contracts Pre- Modification Balance Post- Modification Balance (In thousands) Real estate Residential 1 $ 50 $ 50 Commercial 1 42 42 Construction and land - - - Commercial business - - - Consumer - - - 2 $ 92 $ 92 December 31, 2014 Number of Contracts Pre- Modification Balance Post- Modification Balance (In thousands) Real estate Residential 2 $ 116 $ 116 Commercial - - - Construction and land 2 319 319 Commercial business - - - Consumer - - - 4 $ 435 $ 435
Troubled Debt Restructurings on Financing Receivables, Modification Type [Table Text Block]	Interest Only Term Combination Total Modification December 31, 2015 (In thousands) Real estate Residential $ - $ 50 $ - $ 50 Commercial - 42 - 42 Construction and land - - - - Commercial business - - - - Consumer - - - - $ - $ 92 $ - $ 92 Interest Only Term Combination Total Modification December 31, 2014 (In thousands) Real estate Residential $ - $ - $ 116 $ 116 Commercial - - - - Construction and land - 296 23 319 Commercial business - - - - Consumer - - - - $ - $ 296 $ 139 $ 435

Note 5 - Premises and Equipme28

Note 5 - Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Property, Plant and Equipment [Table Text Block]	2015 2014 (In thousands) Land $ 342 $ 342 Buildings and improvements 3,145 3,137 Furniture and equipment 2,418 2,389 5,905 5,868 Less accumulated depreciation 3,881 3,706 Net premises and equipment $ 2,024 $ 2,162

Note 6 - Loan Servicing (Tables

Note 6 - Loan Servicing (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Servicing Assets at Fair Value [Table Text Block]	2015 2014 (In thousands) Balance at beginning of year $ 269 $ 307 Additions 115 11 Amortization (67 ) (49 ) Balance at end of year $ 317 $ 269

Note 7 - Interest-bearing Dep30

Note 7 - Interest-bearing Deposits (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Deposits, Schedule of Maturities [Table Text Block]	2015 (In thousands) Maturing year ending December 31, 2016 $ 10,794 2017 7,643 2018 4,794 2019 3,523 2020 5,549 Thereafter 610 $ 32,913

Note 8 - Borrowings (Tables)

Note 8 - Borrowings (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Federal Home Loan Bank, Advances, Maturities [Table Text Block]	Maturing in year ended Interest rate December 31, 2015 (In thousands) 1.43% 2017 $ 1,000 1.80% 2018 1,000 1.85% 2019 1,927 2.08% 2020 3,000 $ 6,927

Note 9 - Income Taxes (Tables)

Note 9 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year Ended December 31, 2015 2014 (In thousands) Computed at statutory rate (34%) $ (59 ) $ (828 ) Increase (decrease) resulting from: Bank-owned life insurance (56 ) (55 ) Change in valuation allowance 112 919 Other 3 (36 ) Actual income taxes (credits) $ - $ -
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2015 2014 (In thousands) Deferred tax assets Allowance for loan losses $ 400 $ 398 Deferred compensation 48 974 Expenses on foreclosed assets held for sale 35 52 Net operating loss carryforward 3,943 2,870 Other 26 26 Deferred tax assets 4,452 4,320 Deferred tax liabilities Federal Home Loan Bank dividends (16 ) (23 ) Mortgage servicing rights (110 ) (93 ) Deferred loan orgination fees (1 ) - Depreciation (33 ) (24 ) Deferred tax liabilities (160 ) (140 ) Net deferred tax asset before valuation allowance 4,292 4,180 Valuation allowance Beginning balance (4,180 ) (3,261 ) Increase during period (112 ) (919 ) Ending balance (4,292 ) (4,180 ) Net deferred tax asset $ - $ -

Note 10 - Regulatory Matters (T

Note 10 - Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of December 31, 2015 Total Capital (to Risk-Weighted Assets) $ 14,072 21.3 % $ 5,295 8.0 % $ 6,618 10.0 % Tier 1 Capital (to Risk-Weighted Assets) $ 13,241 20.0 % $ 3,971 6.0 % $ 5,295 8.0 % Common Equity Tier I Capital (to Risk-Weighted Assets) $ 13,241 20.0 % $ 2,978 4.5 % $ 4,302 6.5 % Tier I Leverage Capital (to Average Total Assets) $ 13,241 13.9 % $ 3,801 4.0 % $ 4,752 5.0 % As of December 31, 2014 Total Capital (to Risk-Weighted Assets) $ 10,817 16.3 % $ 5,316 8.0 % $ 6,645 10.0 % Tier I Capital (to Risk-Weighted Assets) $ 9,982 15.0 % $ 2,658 4.0 % $ 3,987 6.0 % Tier I Capital (to Total Assets) $ 9,982 11.0 % $ 3,627 4.0 % $ 5,441 6.0 %

Note 14 - Disclosures About F34

Note 14 - Disclosures About Fair Value of Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Fair Value Measurements, Nonrecurring [Table Text Block]	Fair Value Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) December 31, 2015 Impaired loans $ 136 $ - $ - $ 136 Foreclosed assets held for sale 245 - - 245 December 31, 2014 Impaired loans $ 540 $ - $ - $ 540 Foreclosed assets held for sale 76 - - 76
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	Fair Value Valuation Technique Unobservable Inputs Range (In thousands) December 31, 2015 Impaired loans (collateral dependent) $ 136 Marketable comparable properties Marketability discount 10% - 15% Foreclosed real estate 245 Marketable comparable properties Comparability adjustments 9% December 31, 2014 Impaired loans (collateral dependent) $ 540 Marketable comparable properties Marketability discount 10% - 15% Foreclosed real estate 76 Marketable comparable properties Comparability adjustments 10%
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurement Using Carrying Value Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) December 31, 2015 Financial assets Cash and due from banks $ 7,132 $ 7,132 $ 7,132 $ - $ - Interest-earning demand deposits 1,678 1,678 1,678 - - Interest-earning time deposits in banks 992 992 - 992 - Loans, net 76,575 77,086 - - 77,086 Federal Home Loan Bank stock 468 468 - 468 - Accrued interest receivable 217 217 - 217 - Mortgage servicing rights 317 317 - - 317 Financial liabilities Deposits 72,266 72,708 39,353 33,355 - Advances from the Federal Home Loan Bank 6,927 7,023 - 7,023 - Accrued interest payable 11 11 - 11 - December 31, 2014 Financial assets Cash and due from banks $ 5,165 $ 5,165 $ 5,165 $ - $ - Interest-earning demand deposits 2,816 2,816 2,816 - - Interest-earning time deposits in banks 992 992 - 992 - Loans held for sale 581 592 - 592 - Loans, net 72,365 72,959 - - 72,959 Federal Home Loan Bank stock 678 678 - 678 - Accrued interest receivable 187 187 - 187 - Mortgage servicing rights 269 269 - - 269 Financial liabilities Deposits 67,868 68,507 41,231 27,276 - Federal funds purchased 2,500 2,500 2,500 - - Advances from the Federal Home Loan Bank 6,927 7,049 - 7,049 - Accrued interest payable 9 9 - 9 -

Note 17 - Condensed Financial35

Note 17 - Condensed Financial Information (Parent Company Only) (Tables)	12 Months Ended
	Dec. 31, 2015
Notes Tables
Condensed Balance Sheet [Table Text Block]	(In thousands) Assets Cash $ 1,833 Investment in Bank subsidiary 13,241 Total assets $ 15,074 Liabilities and Shareholders' Equity Liabilities $ - Redeemable common stock held by ESOP 44 Total shareholders' equity less maximum cash obligation related to ESOP shares 15,030 Total liabilities and shareholders' equity $ 15,074
Condensed Income Statement [Table Text Block]	Income Interest income $ 3 Expenses Equity in net loss of Bank subsidiary (158 ) Net loss $ (155 )
Condensed Cash Flow Statement [Table Text Block]	Operating activities Net loss $ (155 ) Other adjustments 34 Items not requiring cash: Equity in loss of Bank subsidiary 158 Net cash from operating activities 37 Investing activities Investment in Bank subsidiary (3,400 ) Financing activities Proceeds from issuance of common stock 5,196 Net change in cash 1,833 Cash at beginning of period - Cash at end of period $ 1,833

Note 1 - Nature of Operations36

Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Oct. 19, 2015	Dec. 31, 2014
Building [Member]
Property, Plant and Equipment, Useful Life	39 years
Building Improvements [Member]
Property, Plant and Equipment, Useful Life	10 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	7 years
Common Stock, Shares, Issued	696,600	696,600
Share Price	$ 13	$ 10
Cash, Uninsured Amount	$ 5,700,000
Restricted Cash and Cash Equivalents	$ 2,000,000
Maturity of Time Deposits	3 years
Mortgage Loans in Process of Foreclosure, Amount	$ 423,000

Note 2 - Restriction on Cash 37

Note 2 - Restriction on Cash and Due From Banks (Details Textual)	Dec. 31, 2015USD ($)
Federal Reserve Bank, Reserve Balance Requirement	$ 0

Note 3 - Securities (Details Te

Note 3 - Securities (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Available-for-sale Securities	$ 0	$ 0
Proceeds from Sale of Available-for-sale Securities	$ 0	660,000
Available-for-sale Securities, Gross Realized Losses		$ 15,000

Note 4 - Loans and Allowance 39

Note 4 - Loans and Allowance for Loan Losses (Details Textual)	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Loans and Leases Receivable, Collateral for Secured Borrowings	$ 4,200,000	$ 3,400,000
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Allowance for Credit Losses, Change in Method of Calculating Impairment	$ 0	$ 0
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down	$ 0	$ 0

Note 4 - Loans and Allowance 40

Note 4 - Loans and Allowance for Loan Losses - Classes of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Residential Portfolio Segment [Member]
Real estate loans
Residential	$ 41,972	$ 37,481
Allowance for loan losses	(648)	(575)
Commercial Real Estate Portfolio Segment [Member]
Real estate loans
Residential	27,319	26,633
Allowance for loan losses	(383)	(418)
Construction and Land Real Estate [Member]
Real estate loans
Residential	7,196	7,854
Allowance for loan losses	(102)	(126)
Commercial Portfolio Segment [Member]
Real estate loans
Residential	1,354	1,625
Allowance for loan losses	(19)	(23)
Consumer Portfolio Segment [Member]
Real estate loans
Residential	321	392
Allowance for loan losses	(3)	(5)
Residential	78,162	73,985
Net deferred loan (fees) costs, premiums and discounts	(2)	2
Undisbursed loans in process	(430)	(475)
Allowance for loan losses	(1,155)	(1,147)
Net loans	$ 76,575	$ 72,365

Note 4 - Loans and Allowance 41

Note 4 - Loans and Allowance for Loan Losses - Activity in Allowance for Loan Losses and Recorded Investment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Residential Portfolio Segment [Member]
Balance	$ 575	$ 596
Provision (credit) for loan losses	$ 65	5
Charge-offs		$ (26)
Recoveries	$ 8
Balance	648	$ 575
Ending balance, individually evaluated for impairment	20	26
Ending balance, collectively evaluated for impairment	628	549
Residential	41,972	37,481
Ending balance; individually evaluated for impairment	1,763	2,183
Ending balance; collectively evaluated for impairment	40,209	35,298
Commercial Real Estate Portfolio Segment [Member]
Balance	418	513
Provision (credit) for loan losses	$ (35)	$ (95)
Charge-offs
Recoveries
Balance	$ 383	$ 418
Ending balance, individually evaluated for impairment
Ending balance, collectively evaluated for impairment	$ 383	$ 418
Residential	27,319	26,633
Ending balance; individually evaluated for impairment	229	214
Ending balance; collectively evaluated for impairment	27,090	26,419
Construction and Land Real Estate [Member]
Balance	126	127
Provision (credit) for loan losses	$ (24)	$ (1)
Charge-offs
Recoveries
Balance	$ 102	$ 126
Ending balance, individually evaluated for impairment
Ending balance, collectively evaluated for impairment	$ 102	$ 126
Residential	7,196	7,854
Ending balance; individually evaluated for impairment	1,751	1,856
Ending balance; collectively evaluated for impairment	5,445	5,998
Commercial Portfolio Segment [Member]
Balance	23	34
Provision (credit) for loan losses	$ (4)	$ (11)
Charge-offs
Recoveries
Balance	$ 19	$ 23
Ending balance, individually evaluated for impairment
Ending balance, collectively evaluated for impairment	$ 19	$ 23
Residential	$ 1,354	$ 1,625
Ending balance; individually evaluated for impairment
Ending balance; collectively evaluated for impairment	$ 1,354	$ 1,625
Consumer Portfolio Segment [Member]
Balance	5	3
Provision (credit) for loan losses	$ (2)	$ 2
Charge-offs
Recoveries
Balance	$ 3	$ 5
Ending balance, individually evaluated for impairment
Ending balance, collectively evaluated for impairment	$ 3	$ 5
Residential	$ 321	$ 392
Ending balance; individually evaluated for impairment
Ending balance; collectively evaluated for impairment	$ 321	$ 392
Balance	$ 1,147	1,273
Provision (credit) for loan losses		(100)
Charge-offs		$ (26)
Recoveries	$ 8
Balance	1,155	$ 1,147
Ending balance, individually evaluated for impairment	20	26
Ending balance, collectively evaluated for impairment	1,135	1,121
Residential	78,162	73,985
Ending balance; individually evaluated for impairment	3,743	4,253
Ending balance; collectively evaluated for impairment	$ 74,419	$ 69,732

Note 4 - Loans and Allowance 42

Note 4 - Loans and Allowance for Loan Losses - Credit Risk Profile Based on Internal Rating Category (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Pass [Member] | Residential Portfolio Segment [Member]
Residential	$ 39,842	$ 35,236
Pass [Member] | Commercial Real Estate Portfolio Segment [Member]
Residential	26,178	24,777
Pass [Member] | Construction and Land Real Estate [Member]
Residential	7,022	7,669
Pass [Member] | Commercial Portfolio Segment [Member]
Residential	1,354	1,625
Pass [Member] | Consumer Portfolio Segment [Member]
Residential	297	392
Pass [Member]
Residential	74,693	69,699
Special Mention [Member] | Residential Portfolio Segment [Member]
Residential	686	584
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member]
Residential	529	514
Special Mention [Member] | Construction and Land Real Estate [Member]
Residential	$ 8	$ 19
Special Mention [Member] | Commercial Portfolio Segment [Member]
Residential
Special Mention [Member] | Consumer Portfolio Segment [Member]
Residential	$ 27
Special Mention [Member]
Residential	1,250	$ 1,117
Substandard [Member] | Residential Portfolio Segment [Member]
Residential	1,444	1,096
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member]
Residential	612	$ 1,342
Substandard [Member] | Construction and Land Real Estate [Member]
Residential	$ 166
Substandard [Member] | Commercial Portfolio Segment [Member]
Residential
Substandard [Member] | Consumer Portfolio Segment [Member]
Residential
Substandard [Member]
Residential	$ 2,222	$ 2,438
Doubtful [Member] | Residential Portfolio Segment [Member]
Residential		$ 565
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member]
Residential
Doubtful [Member] | Construction and Land Real Estate [Member]
Residential		$ 166
Doubtful [Member] | Commercial Portfolio Segment [Member]
Residential
Doubtful [Member] | Consumer Portfolio Segment [Member]
Residential
Doubtful [Member]
Residential		$ 731
Residential Portfolio Segment [Member]
Residential	$ 41,972	37,481
Commercial Real Estate Portfolio Segment [Member]
Residential	27,319	26,633
Construction and Land Real Estate [Member]
Residential	7,196	7,854
Commercial Portfolio Segment [Member]
Residential	1,354	1,625
Consumer Portfolio Segment [Member]
Residential	321	392
Residential	$ 78,162	$ 73,985

Note 4 - Loans and Allowance 43

Note 4 - Loans and Allowance for Loan Losses - Aging Analysis of the Recorded Investment in Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	$ 455	$ 298
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	100	109
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	598	565
Residential Portfolio Segment [Member]
Loans past due	1,153	972
Current	40,819	36,509
Residential	$ 41,972	$ 37,481
90 days past due and still accruing
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	$ 7
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due
Commercial Real Estate Portfolio Segment [Member]
Loans past due	$ 7
Current	27,312	$ 26,633
Residential	$ 27,319	$ 26,633
90 days past due and still accruing
Construction and Land Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due
Construction and Land Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due
Construction and Land Real Estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	$ 166	$ 166
Construction and Land Real Estate [Member]
Loans past due	166	166
Current	7,030	7,688
Residential	$ 7,196	$ 7,854
90 days past due and still accruing
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due
Commercial Portfolio Segment [Member]
Loans past due
Current	$ 1,354	$ 1,625
Residential	$ 1,354	$ 1,625
90 days past due and still accruing
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due		$ 22
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due
Consumer Portfolio Segment [Member]
Loans past due		$ 22
Current	$ 321	370
Residential	$ 321	$ 392
90 days past due and still accruing
Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	$ 455	$ 320
Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	107	109
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	764	731
Loans past due	1,326	1,160
Current	76,836	72,825
Residential	$ 78,162	$ 73,985
90 days past due and still accruing

Note 4 - Loans and Allowance 44

Note 4 - Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Residential Portfolio Segment [Member]
Recorded balance, with no valuation allowance	$ 1,607	$ 1,617
Unpaid principal balance, with no valuation allowance	1,647	1,630
Average balance of impaired loans, without a valuation allowance	1,413	2,231
Interest income recognized, without a valuation allowance	66	80
Recorded balance, with a valuation allowance	156	566
Unpaid principal balance, with a valuation allowance	166	584
Specific allowance	20	26
Average balance of impaired loans, with a valuation allowance	$ 118	$ 316
Interest income recognized, with a valuation allowance
Commercial Real Estate Portfolio Segment [Member]
Recorded balance, with no valuation allowance	$ 229	$ 214
Unpaid principal balance, with no valuation allowance	229	214
Average balance of impaired loans, without a valuation allowance	238	219
Interest income recognized, without a valuation allowance	$ 16	$ 15
Recorded balance, with a valuation allowance
Unpaid principal balance, with a valuation allowance
Specific allowance
Average balance of impaired loans, with a valuation allowance
Interest income recognized, with a valuation allowance
Construction and Land Real Estate [Member]
Recorded balance, with no valuation allowance	$ 1,751	$ 1,856
Unpaid principal balance, with no valuation allowance	1,751	1,856
Average balance of impaired loans, without a valuation allowance	1,816	1,775
Interest income recognized, without a valuation allowance	$ 87	$ 94
Recorded balance, with a valuation allowance
Unpaid principal balance, with a valuation allowance
Specific allowance
Average balance of impaired loans, with a valuation allowance
Interest income recognized, with a valuation allowance
Commercial Portfolio Segment [Member]
Recorded balance, with no valuation allowance
Unpaid principal balance, with no valuation allowance
Average balance of impaired loans, without a valuation allowance
Interest income recognized, without a valuation allowance
Recorded balance, with a valuation allowance
Unpaid principal balance, with a valuation allowance
Specific allowance
Average balance of impaired loans, with a valuation allowance
Interest income recognized, with a valuation allowance
Consumer Portfolio Segment [Member]
Recorded balance, with no valuation allowance
Unpaid principal balance, with no valuation allowance
Average balance of impaired loans, without a valuation allowance
Interest income recognized, without a valuation allowance
Recorded balance, with a valuation allowance
Unpaid principal balance, with a valuation allowance
Specific allowance
Average balance of impaired loans, with a valuation allowance
Interest income recognized, with a valuation allowance
Specific allowance	$ 20	$ 26
Recorded balance	3,743	4,253
Unpaid principal balance	3,793	4,284
Average balance of impaired loans	3,585	4,541
Interest income recognized	$ 169	$ 189

Note 4 - Loans and Allowance 45

Note 4 - Loans and Allowance for Loan Losses - Nonaccrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Residential Portfolio Segment [Member]
Nonaccrual loans	$ 987	$ 1,033
Commercial Real Estate Portfolio Segment [Member]
Nonaccrual loans	7	11
Construction and Land Real Estate [Member]
Nonaccrual loans	$ 166	$ 166
Commercial Portfolio Segment [Member]
Nonaccrual loans
Consumer Portfolio Segment [Member]
Nonaccrual loans
Nonaccrual loans	$ 1,160	$ 1,210

Note 4 - Loans and Allowance 46

Note 4 - Loans and Allowance for Loan Losses - Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Residential Portfolio Segment [Member]
Number of contracts	1	2
Pre-modification balance	$ 50	$ 116
Post-modification balance	$ 50	$ 116
Commercial Real Estate Portfolio Segment [Member]
Number of contracts	1
Pre-modification balance	$ 42
Post-modification balance	$ 42
Construction and Land Real Estate [Member]
Number of contracts		2
Pre-modification balance		$ 319
Post-modification balance		$ 319
Commercial Portfolio Segment [Member]
Number of contracts
Pre-modification balance
Post-modification balance
Consumer Portfolio Segment [Member]
Number of contracts
Pre-modification balance
Post-modification balance
Number of contracts	2	4
Pre-modification balance	$ 92	$ 435
Post-modification balance	$ 92	$ 435

Note 4 - Loans and Allowance 47

Note 4 - Loans and Allowance for Loan Losses - Restructured Loans by Type of Modification (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member]
Loan restructuring, modifications, recorded investment
Residential Portfolio Segment [Member] | Extended Maturity [Member]
Loan restructuring, modifications, recorded investment	$ 50
Residential Portfolio Segment [Member] | Interest Rate Reduction and Extended Maturity [Member]
Loan restructuring, modifications, recorded investment		$ 116
Residential Portfolio Segment [Member]
Loan restructuring, modifications, recorded investment	$ 50	$ 116
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member]
Loan restructuring, modifications, recorded investment
Commercial Real Estate Portfolio Segment [Member] | Extended Maturity [Member]
Loan restructuring, modifications, recorded investment	$ 42
Commercial Real Estate Portfolio Segment [Member] | Interest Rate Reduction and Extended Maturity [Member]
Loan restructuring, modifications, recorded investment
Commercial Real Estate Portfolio Segment [Member]
Loan restructuring, modifications, recorded investment	$ 42
Construction and Land Real Estate [Member] | Contractual Interest Rate Reduction [Member]
Loan restructuring, modifications, recorded investment
Construction and Land Real Estate [Member] | Extended Maturity [Member]
Loan restructuring, modifications, recorded investment		$ 296
Construction and Land Real Estate [Member] | Interest Rate Reduction and Extended Maturity [Member]
Loan restructuring, modifications, recorded investment		23
Construction and Land Real Estate [Member]
Loan restructuring, modifications, recorded investment		$ 319
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member]
Loan restructuring, modifications, recorded investment
Commercial Portfolio Segment [Member] | Extended Maturity [Member]
Loan restructuring, modifications, recorded investment
Commercial Portfolio Segment [Member] | Interest Rate Reduction and Extended Maturity [Member]
Loan restructuring, modifications, recorded investment
Commercial Portfolio Segment [Member]
Loan restructuring, modifications, recorded investment
Consumer Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member]
Loan restructuring, modifications, recorded investment
Consumer Portfolio Segment [Member] | Extended Maturity [Member]
Loan restructuring, modifications, recorded investment
Consumer Portfolio Segment [Member] | Interest Rate Reduction and Extended Maturity [Member]
Loan restructuring, modifications, recorded investment
Consumer Portfolio Segment [Member]
Loan restructuring, modifications, recorded investment
Contractual Interest Rate Reduction [Member]
Loan restructuring, modifications, recorded investment
Extended Maturity [Member]
Loan restructuring, modifications, recorded investment	$ 92	$ 296
Interest Rate Reduction and Extended Maturity [Member]
Loan restructuring, modifications, recorded investment		139
Loan restructuring, modifications, recorded investment	$ 92	$ 435

Note 5 - Premises and Equipme48

Note 5 - Premises and Equipment - Major Classifications of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Land [Member]
Land	$ 342	$ 342
Building and Building Improvements [Member]
Land	3,145	3,137
Furniture and Fixtures [Member]
Land	2,418	2,389
Land	5,905	5,868
Less accumulated depreciation	3,881	3,706
Net premises and equipment	$ 2,024	$ 2,162

Note 6 - Loan Servicing (Detail

Note 6 - Loan Servicing (Details Textual) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Principal Amount Outstanding on Loans Managed and Securitized or Asset-backed Financing Arrangement	$ 40.6	$ 35.9

Note 6 - Loan Servicing - Mortg

Note 6 - Loan Servicing - Mortgage Servicing Rights Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Mortgage Servicing Rights [Member]
Balance at beginning of year	$ 269	$ 307
Additions	115	11
Amortization	(67)	(49)
Balance at end of year	317	269
Balance at beginning of year	269
Balance at end of year	$ 317	$ 269

Note 7 - Interest-bearing Dep51

Note 7 - Interest-bearing Deposits (Details Textual) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Time Deposits $250,000 or More	$ 4.6	$ 2.2

Note 7 - Interest-bearing Dep52

Note 7 - Interest-bearing Deposits - Scheduled Maturities of Time Deposits (Details) $ in Thousands	Dec. 31, 2015USD ($)
2,016	$ 10,794
2,017	7,643
2,018	4,794
2,019	3,523
2,020	5,549
Thereafter	610
	$ 32,913

Note 8 - Borrowings (Details Te

Note 8 - Borrowings (Details Textual) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Eligible Mortage Loans [Member]
Advances from Federal Home Loan Banks	$ 23,100,000	$ 14,200,000
Federal Home Loan Bank [Member]
Debt Instrument, Unused Borrowing Capacity, Amount	9,900,000
UBB Securities [Member]
Federal Funds Purchased		$ 2,500,000
Debt Instrument, Interest Rate, Stated Percentage		0.75%
Federal Funds Purchased	0	$ 2,500,000
Advances from Federal Home Loan Banks	$ 6,927,000	$ 6,927,000

Note 8 - Borrowings - Maturitie

Note 8 - Borrowings - Maturities of Advances from the Federal Home Loan Bank (Details) $ in Thousands	Dec. 31, 2015USD ($)
Interest rate, 2017	1.43%
Federal Home Loan Bank Advances, 2017	$ 1,000
Interest rate, 2018	1.80%
Federal Home Loan Bank Advances, 2018	$ 1,000
Interest rate, 2019	1.85%
Federal Home Loan Bank Advances, 2019	$ 1,927
Interest rate, 2020	2.08%
Federal Home Loan Bank Advances, 2020	$ 3,000
Federal Home Loan Bank Advances, total	$ 6,927

Note 9 - Income Taxes (Details

Note 9 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Internal Revenue Service (IRS) [Member] | Domestic Tax Authority [Member]
Operating Loss Carryforwards, Expiration Date	Dec. 31, 2030
Operating Loss Carryforwards	$ 11,300,000
Indiana Department of Revenue [Member] | State and Local Jurisdiction [Member]
Operating Loss Carryforwards, Expiration Date	Dec. 31, 2024
Operating Loss Carryforwards	$ 1,000,000
Earliest Tax Year [Member]
Open Tax Year	2,012
Bad Debt Reserve forTax Purposes of Qualified Lender	$ 1,500,000	$ 1,500,000
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Bad Debt Reserve for Tax Purposes of Qualified Lender	0	0
Unrecognized Tax Benefits	0	0
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	0	0
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability that Would Have Been Recognized	$ 510,000	$ 510,000

Note 9 - Income Taxes - Reconci

Note 9 - Income Taxes - Reconciliation of Federal Income Tax Expense (Benefit) at the Statutory Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Computed at statutory rate (34%)	$ (59)	$ (828)
Bank-owned life insurance	(56)	(55)
Change in valuation allowance	112	919
Other	$ 3	$ (36)
Actual income taxes (credits)

Note 9 - Income Taxes - Composi

Note 9 - Income Taxes - Composition of Net Deferred Tax Asset (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets
Allowance for loan losses	$ 400,000	$ 398,000
Deferred compensation	48,000	974,000
Expenses on foreclosed assets held for sale	35,000	52,000
Net operating loss carryforward	3,943,000	2,870,000
Other	26,000	26,000
Deferred tax assets	4,452,000	4,320,000
Deferred tax liabilities
Federal Home Loan Bank dividends	(16,000)	(23,000)
Mortgage servicing rights	(110,000)	$ (93,000)
Deferred loan orgination fees	(1,000)
Depreciation	(33,000)	$ (24,000)
Deferred tax liabilities	(160,000)	(140,000)
Net deferred tax asset before valuation allowance	4,292,000	4,180,000
Valuation allowance
Beginning balance	4,180,000	3,261,000
Increase during period	87,000	919,000
Ending balance	4,267,000	4,180,000
Net deferred tax asset	$ 0	$ 0

Note 10 - Regulatory Matters (D

Note 10 - Regulatory Matters (Details Textual)	Dec. 31, 2015
Phased in from 2015 to 2019 [Member]
Capital Conservation Buffer	2.50%
Capital Conservation Buffer	0.00%

Note 10 - Regulatory Matters -

Note 10 - Regulatory Matters - Actual Capital Amounts and Ratios (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Total capital	$ 14,072	$ 10,817
Total Capital (to Risk-Weighted Assets)	21.30%	16.30%
Total capital required for capital adequacy	$ 5,295	$ 5,316
Total capital (to risk-weighted assets) required for capital adequacy	8.00%	8.00%
Total capital required to be well capitalized	$ 6,618	$ 6,645
Total capital (to risk-weighted assets) required to be well capitalized	10.00%	10.00%
Tier 1 risk-based capital	$ 13,241	$ 9,982
Tier 1 capital (to risk-weighted assets)	20.00%	15.00%
Tier 1 risk-based capital required for capital adequacy	$ 3,971	$ 2,658
Tier 1 capital (to risk-weighted assets) required for capital adequacy	6.00%	4.00%
Tier 1 risk-based capital required to be well capitalized	$ 5,295	$ 3,987
Tier 1 capital (to risk-weighted assets) required to be well capitalized	8.00%	6.00%
Common equity tier I capital	$ 13,241
Common equity tier I capital (to risk-weighted assets)	20.00%
Common equity tier I capital required for capital adequacy	$ 2,978
Common equity tier I capital (to risk-weighted assets) required for capital adequacy	4.50%
Common equity tier I capital required to be well capitalized	$ 4,302
Common equity tier I capital (to risk-weighted assets) required to be well capitalized	6.50%
Tier I leverage capital	$ 13,241
Tier I leverage capital (to average total assets)	13.90%
Tier I leverage capital required for capital adequacy	$ 3,801
Tier I leverage capital (to average total assets) required for capital adequacy	4.00%
Tier I leverage capital required to be well capitalized	$ 4,752
Tier I leverage capital (to average total assets) required to be well capitalized	5.00%
Tier I capital		$ 9,982
Tier I capital (to total assets)		11.00%
Tier 1 capital required for capital adequacy		$ 3,627
Tier I capital (to total assets) required for capital adequacy		4.00%
Tier I capital required to be well capitalized		$ 5,441
Tier I capital (to total assets) required to be well capitalized		6.00%

Note 11 - Related Party Trans60

Note 11 - Related Party Transactions (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Notes Receivable, Related Parties	$ 2,500,000	$ 2,100,000
Payments to Fund Long-term Loans to Related Parties	1,300,000
Proceeds from Collection of (Payments to Fund) Long-term Loans to Related Parties	914,000
Related Party Deposit Liabilities	$ 349,000	$ 753,000

Note 12 - Employee Benefits (De

Note 12 - Employee Benefits (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Oct. 19, 2015
Supplemental Executive Retirement Plan (SERP) [Member]
Accrued Employee Benefits	$ 139,000	$ 2,800,000
Defined Contribution Plan, Cost Recognized	18,000	963,000
Pentegra Defined Benefit Plan (The Plan) [Member]
Defined Contribution Plan, Cost Recognized	$ 30,000	$ 553,000
Defined Benefit Plan, Funded Status Percentage	99.70%	96.70%
Defined Benefit Plan, Contributions by Employer	$ 190,800,000	$ 136,500,000
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum	5.00%
President [Member]
Defined Contribution Plan, Cost Recognized	$ 22,000
Defined Benefit Plans, Estimated Future Employer Contributions in Next Five Years	$ 105,000
Defined Benefit Plans, Accrued Interest Rate on Funds	4.50%
Pension Plan [Member]
Defined Contribution Plan, Cost Recognized	$ 27,000	22,000
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	3.00%
Accrued Employee Benefits	$ 139,000	$ 2,830,000
Employee Stock Ownership Plan (ESOP), Shares in ESOP	55,728
Shares Held in Employee Stock Option Plan, Allocated	3,375
Shares Held in Employee Stock Option Plan, Committed-to-be-Released	52,353
Employee Stock Ownership Plan (ESOP), Compensation Expense	$ 42,000
Share Price at Formation Date	$ 10
Employee Stock Ownership Plan (ESOP), Deferred Shares, Fair Value	$ 681,000
Share Price	$ 13		$ 10
Employee Stock Ownership Plan (ESOP), Fair Value of Shares Subject to Repurchase Obligation	$ 44,000

Note 13 - Commitments and Cre62

Note 13 - Commitments and Credit Risk (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Standby Letters of Credit Commitments [Member]
Fair Value, Concentration of Risk, Commitments	$ 36,000	$ 36,000
Loan Origination Commitments [Member] | Minimum [Member]
Fair Value Inputs, Interest Rate	4.125%
Loan Origination Commitments [Member] | Maximum [Member]
Fair Value Inputs, Interest Rate	4.375%
Loan Origination Commitments [Member]
Fair Value, Concentration of Risk, Commitments	$ 532,000	$ 156,000
Fair Value Inputs, Interest Rate		4.125%
Construction Loans [Member]
Fair Value, Concentration of Risk, Commitments	430,000	$ 475,000
Commercial Lines of Credit [Member]
Fair Value, Concentration of Risk, Commitments	2,500,000	1,600,000
Consumer Lines of Credit [Member]
Fair Value, Concentration of Risk, Commitments	$ 810,000	$ 1,200,000

Note 14 - Disclosures About F63

Note 14 - Disclosures About Fair Value of Assets and Liabilities - Assets Measured at Fair Value on a Non-Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Impaired Loans, Collateral-Dependent [Member] | Fair Value, Inputs, Level 1 [Member]
Assets, fair value, non-recurring basis
Impaired Loans, Collateral-Dependent [Member] | Fair Value, Inputs, Level 2 [Member]
Assets, fair value, non-recurring basis
Impaired Loans, Collateral-Dependent [Member] | Fair Value, Inputs, Level 3 [Member]
Assets, fair value, non-recurring basis	$ 136	$ 540
Impaired Loans, Collateral-Dependent [Member]
Assets, fair value, non-recurring basis	$ 136	$ 540
Foreclosed Real Estate [Member] | Fair Value, Inputs, Level 1 [Member]
Assets, fair value, non-recurring basis
Foreclosed Real Estate [Member] | Fair Value, Inputs, Level 2 [Member]
Assets, fair value, non-recurring basis
Foreclosed Real Estate [Member] | Fair Value, Inputs, Level 3 [Member]
Assets, fair value, non-recurring basis	$ 245	$ 76
Foreclosed Real Estate [Member]
Assets, fair value, non-recurring basis	$ 245	$ 76

Note 14 - Disclosures About F64

Note 14 - Disclosures About Fair Value of Assets and Liabilities - Quantitative Information About Unobservable Inputs (Details) - Market Approach Valuation Technique [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Impaired Loans, Collateral-Dependent [Member] | Minimum [Member]
Marketability discount	10.00%	10.00%
Impaired Loans, Collateral-Dependent [Member] | Maximum [Member]
Marketability discount	15.00%	15.00%
Impaired Loans, Collateral-Dependent [Member]
Fair value	$ 136	$ 540
Valuation technique	Marketable comparable properties	Marketable comparable properties
Unobservable input	Marketability discount	Marketability discount
Marketability discount
Foreclosed Real Estate [Member] | Minimum [Member]
Comparability adjustments
Foreclosed Real Estate [Member] | Maximum [Member]
Comparability adjustments
Foreclosed Real Estate [Member]
Fair value	$ 245	$ 76
Valuation technique	Marketable comparable properties	Marketable comparable properties
Unobservable input	Comparability adjustments	Comparability adjustments
Comparability adjustments	9.00%	10.00%

Note 14 - Disclosures About F65

Note 14 - Disclosures About Fair Value of Assets and Liabilities - Fair Values of Financial Instruments (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Inputs, Level 1 [Member]
Financial assets
Cash and due from banks, fair value	$ 7,132,000	$ 5,165,000
Interest-earning demand deposits, fair value	$ 1,678,000	$ 2,816,000
Interest-earning time deposits in banks, fair value
Loans, net, fair value
Federal Home Loan Bank stock
Accrued interest receivable, fair value
Mortgage servicing rights, fair value
Loans held for sale, fair value
Financial liabilities
Deposits, fair value	$ 39,353,000	$ 41,231,000
Advances from the Federal Home Loan Bank, fair value
Accrued interest payable, fair value
Federal funds purchased, fair value		$ 2,500,000
Fair Value, Inputs, Level 2 [Member]
Financial assets
Cash and due from banks, fair value
Interest-earning demand deposits, fair value
Interest-earning time deposits in banks, fair value	$ 992,000	$ 992,000
Loans, net, fair value
Federal Home Loan Bank stock	$ 468,000	$ 678,000
Accrued interest receivable, fair value	$ 217,000	$ 187,000
Mortgage servicing rights, fair value
Loans held for sale, fair value		$ 592,000
Financial liabilities
Deposits, fair value	$ 33,355,000	27,276,000
Advances from the Federal Home Loan Bank, fair value	7,023,000	7,049,000
Accrued interest payable, fair value	$ 11,000	$ 9,000
Federal funds purchased, fair value
Fair Value, Inputs, Level 3 [Member]
Financial assets
Cash and due from banks, fair value
Interest-earning demand deposits, fair value
Interest-earning time deposits in banks, fair value
Loans, net, fair value	$ 77,086,000	$ 72,959,000
Federal Home Loan Bank stock
Accrued interest receivable, fair value
Mortgage servicing rights, fair value	$ 317,000	$ 269,000
Loans held for sale, fair value
Financial liabilities
Deposits, fair value
Advances from the Federal Home Loan Bank, fair value
Accrued interest payable, fair value
Federal funds purchased, fair value
Cash	$ 7,132,000	$ 5,165,000
Cash and due from banks, fair value	7,132,000	5,165,000
Interest-earning demand deposits	1,678,000	2,816,000
Interest-earning demand deposits, fair value	1,678,000	2,816,000
Interest-earning time deposits in banks	992,000	992,000
Interest-earning time deposits in banks, fair value	992,000	992,000
Loans, net	76,575,000	72,365,000
Loans, net, fair value	77,086,000	72,959,000
Federal Home Loan Bank stock	468,000	678,000
Accrued interest receivable	217,000	187,000
Accrued interest receivable, fair value	217,000	187,000
Mortgage servicing rights	317,000	269,000
Mortgage servicing rights, fair value	$ 317,000	269,000
Loans held for sale		581,000
Loans held for sale, fair value		592,000
Deposits	$ 72,266,000	67,868,000
Deposits, fair value	72,708,000	68,507,000
Advances from Federal Home Loan Banks	6,927,000	6,927,000
Advances from the Federal Home Loan Bank, fair value	7,023,000	7,049,000
Accrued interest payable	11,000	9,000
Accrued interest payable, fair value	11,000	9,000
Federal Funds Purchased	$ 0	2,500,000
Federal funds purchased, fair value		$ 2,500,000

Note 16 - Change in Corporate66

Note 16 - Change in Corporate Form (Details Textual) - USD ($) $ / shares in Units, $ in Millions	Dec. 31, 2015	Oct. 19, 2015	Dec. 31, 2014
Sale of Stock, Price Per Share		$ 10
Common Stock, Subscriptions, Percentage		8.00%
Common Stock, Shares, Issued	696,600	696,600
Costs of Conversion and to Issue Stock		$ 1.2

Note 17 - Condensed Financial67

Note 17 - Condensed Financial Information (Parent Company Only) - Condensed Balance Sheet (Details) $ in Thousands	Dec. 31, 2015USD ($)
Parent Company [Member]
Assets
Cash	$ 1,833
Investment in Bank subsidiary	13,241
Total assets	$ 15,074
Liabilities and Shareholders' Equity
Liabilities
Redeemable common stock held by ESOP	$ 44
Total shareholders' equity less maximum cash obligation related to ESOP shares	15,030
Total liabilities and shareholders' equity	15,074
Cash	7,132
Total assets	95,045
Liabilities	79,971
Redeemable common stock held by ESOP	44
Total liabilities and shareholders' equity	$ 95,045

Note 17 - Condensed Financial68

Note 17 - Condensed Financial Information (Parent Company Only) - Condensed Statement of Operations (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Parent Company [Member]
Income
Interest income	$ 3
Expenses
Equity in net loss of Bank subsidiary	158
Net loss	(155)
Interest income	3,230
Net loss	$ (173)

Note 17 - Condensed Financial69

Note 17 - Condensed Financial Information (Parent Company Only) - Condensed Statement of Cash Flows (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Parent Company [Member]
Operating activities
Net loss	$ (155)
Items not requiring cash:
Equity in net loss of Bank subsidiary	158
Net cash from operating activities	37
Investing activities
Investment in Bank subsidiary	(3,400)
Financing activities
Proceeds from issuance of common stock	5,196
Net change in cash	$ 1,833
Cash at beginning of period
Cash at end of period	$ 1,833
Net loss	(173)
Other adjustments	34
Net cash from operating activities	(2,169)
Proceeds from issuance of common stock	5,196
Net change in cash	829
Cash at beginning of period	5,165
Cash at end of period	$ 7,132