New Bancorp (NWBB) 10-Q 12 May 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 12, 2017
Document Information [Line Items]
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
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets
Cash and due from banks	$ 1,510	$ 1,419
Interest-earning demand deposits	9,110	8,438
Federal funds sold	4,840
Cash and cash equivalents	15,460	9,857
Interest-earning time deposits in banks	992	992
Loans, net of allowance for loan losses of $1,042, and $1,063 at March 31, 2017 and December 31, 2016, respectively	86,695	83,008
Premises and equipment	1,896	1,934
Federal Home Loan Bank stock	468	468
Foreclosed real estate held for sale, net	561	586
Accrued interest receivable	221	203
Bank owned life insurance	5,460	5,418
Mortgage servicing rights	566	483
Prepaid expenses and other assets	2,786	269
Total assets	115,105	103,218
Liabilities
Demand	29,879	28,676
Savings and money market accounts	15,984	16,404
Time	43,595	31,761
Total deposits	89,458	76,841
Federal funds purchased		1,000
Borrowings	10,027	10,027
Other liabilities	1,060	781
Total liabilities	100,545	88,649
Commitments and Contingencies
Redeemable common stock held by Employee Stock Ownership Plan (ESOP)	91	73
Shareholders' Equity
Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued
Common stock, $0.01 par value, 4,000,000 shares authorized, 696,600 shares issued and outstanding	7	7
Additional paid-in capital	5,764	5,761
Unearned ESOP shares	(494)	(501)
Retained earnings	9,283	9,302
Total shareholders' equity	14,560	14,569
Less maximum cash obligation related to ESOP shares	(91)	(73)
Total shareholders' equity less maximum cash obligation related to ESOP shares	14,469	14,496
Total liabilities and shareholders' equity	$ 115,105	$ 103,218

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Allowance for loan losses	$ 1,042	$ 1,063
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	4,000,000	4,000,000
Common stock, shares issued (in shares)	696,600	696,600
Common stock, shares outstanding (in shares)	696,600	696,600

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Interest Income
Loans	$ 931	$ 825
Interest-bearing deposits	18	12
Total interest income	949	837
Interest Expense
Deposits	166	153
Borrowings	39	33
Total interest expense	205	186
Net Interest Income	744	651
Provision for Loan Losses
Net Interest Income After Provision for Loan Losses	744	651
Noninterest Income
Service charges and fees	66	62
Gain on sale of loans	214	18
Gain on sale of foreclosed real estate, net	29
Income from bank owned life insurance	42	42
Loan servicing fees, net	14	18
Other operating	11	8
Total noninterest income	376	148
Noninterest Expense
Salaries and employee benefits	630	566
Occupancy and equipment	95	117
Data processing fees	114	101
FDIC insurance premiums	8	20
Insurance premiums	10	13
Professional services	121	124
Impairment losses and expenses of foreclosed real estate	9	5
Other	152	110
Total noninterest expense	1,139	1,056
Net Loss	$ (19)	$ (257)
Loss per share - basic and diluted (in dollars per share)	$ (0.03)	$ (0.40)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - 3 months ended Mar. 31, 2017 - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Shares Acquired by Employee Stock Ownership Plan [Member]	Retained Earnings [Member]	Maximum Cash Obligation Related to ESOP Shares [Member]	Total
Balance at Dec. 31, 2016	$ 7	$ 5,761	$ (501)	$ 9,302	$ (73)	$ 14,496
Maximum cash obligation related to ESOP shares					(18)	(18)
ESOP shares earned		3	7			10
Net loss for the three months ended March 31, 2017				(19)		(19)
Balance at Mar. 31, 2017	$ 7	$ 5,764	$ (494)	$ 9,283	$ (91)	$ 14,469

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating Activities
Net loss	$ (19,000)	$ (257,000)
Items not requiring (providing) cash
Depreciation and amortization	55,000	50,000
Deferred loan origination fees, costs, premiums, and discounts, net	(3,000)	1,000
Gain on sale of loans	(214,000)	(18,000)
Proceeds from sales of loans originated for sale	1,444,000	707,000
Loans originated for sale	(3,597,000)	(695,000)
Gain on sale of foreclosed real estate	(29,000)
ESOP shares earned	10,000	5,000
Cash surrender value of life insurance	(42,000)	(42,000)
Changes in
Accrued interest receivable	(18,000)	13,000
Prepaid expenses and other assets	(2,519,000)	53,000
Other liabilities	281,000	187,000
Net cash used in operating activities	(4,651,000)	(1,000)
Investing Activities
Net change in loans	(1,411,000)	1,928,000
Purchase of premises and equipment	(6,000)	(37,000)
Proceeds from sale of foreclosed assets	54,000
Net cash provided by (used in) investing activities	(1,363,000)	1,891,000
Financing Activities
Net increase in deposits	12,617,000	2,707,000
Net change in federal funds purchased	(1,000,000)
Net cash provided by financing activities	11,617,000	2,707,000
Increase in Cash and Cash Equivalents	5,603,000	4,597,000
Cash and Cash Equivalents, Beginning of Period	9,857,000	8,810,000
Cash and Cash Equivalents, End of Period	15,460,000	13,407,000
Supplemental Disclosure of Cash Flow Information
Interest on deposits and borrowings	$ 200,000	$ 189,000

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	Note 1: Basis of Presentation The accompanying condensed consolidated balance sheet of New Bancorp, Inc. (the Company) as of December 31, 2016, March 31, 2017 three March 31, 2017 2016, 10 10 December 31, 2016 10 10 In the opinion of management, all adjustments (consisting only of normal recurring adjustments) which are necessary for a fair presentation of the unaudited financial statements have been included to present fairly the financial position as of March 31, 2017 three March 31, 2017 2016. three March 31, 2017 Principles of Consolidation The consolidated financial s tatements as of and for the periods ended March 31, 2017 December 31, 2016, October 19, 2015. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles 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, valuation of deferred tax assets and fair values of financial instruments. Reclassifications Certain reclassifications have been made to the December 31, 2016 March 31, 2017 . These reclassifications had no effect on our results of operations.

Note 2 - Securities

Note 2 - Securities	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 2: Securities The Company had no March 31, 2017 December 31, 2016. three March 31, 2017 2016.

Note 3 - Loans and Allowance fo

Note 3 - Loans and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 3: Loans and Allowance for Loan Losses The Company ’s loan and allowance for loan losses policies are as follows: Loans Receivable 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 princip al 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 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 ma nagement believes the uncollectability 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 collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may 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 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. Classes of loans at March 31, 2017 December 31, 2016 March 31, December 31, 2017 2016 (Unaudited) (In thousands) Real estate loans Residential $ 43,656 $ 43,036 Commercial 34,132 32,175 Construction and land 10,139 9,543 Commercial business 1,193 383 Consumer and other 689 776 Total loans 89,809 85,913 Less: Net deferred loan fees, premiums and discounts (105 ) (70 ) Undisbursed loans in process (1,967 ) (1,772 ) Allowance for loan losses (1,042 ) (1,063 ) Net loans $ 86,695 $ 83,008 Residential Real Estate: 1 4 $4.6 $4.7 March 31, 2017 December 31, 2016, first second first Commercial Real Estate: Commercial real estate loans typically involve larger principal amounts, and repayment of these loans is generally dependent on the successful operations of the property securing the loan or the business conducted on the property securing the loan. These loans are viewed primarily as cash flow loans and secondarily may Construction and Land: Construction and land loans are usually based upon estimates of costs and estimated value of the completed project and include independent appraisal reviews and a financial analysis of the developers and property owners. Sources of repayment of these loans may may Commercial Business : Consumer: The consumer loan portfolio consists of various term and line of credit loans such as automobile loans and loans for other personal purposes. Repayment for these types of loans will come from a borrower’s income sources that are typically independent of the loan purpose. Credit risk is driven by consumer economic factors (such as unemployment and general economic conditions in the Bank’s market area) and the creditworthiness of a borrower. The following table s present by portfolio segment, the activity in the allowance for loan losses for the three March 31, 2017 2016 March 31, 2017 December 31, 2016: For the Three Months Ended March 31, 2017 (Unaudited) Real Estate Construction Commercial Residential Commercial and Land Business Consumer Total (In thousands) Allowance for loan losses: Balance, January 1, 2017 $ 656 $ 326 $ 72 $ 4 $ 5 $ 1,063 Provision (credit) for loan losses (66 ) 39 6 18 3 - Charge-offs (12 ) - - (9 ) - (21 ) Recoveries - - - - - - Balance, March 31, 2017 $ 578 $ 365 $ 78 $ 13 $ 8 $ 1,042 For the Three Months ended March 31, 2016 Allowance for loan losses: Balance, January 1, 2016 $ 648 $ 383 $ 102 $ 19 $ 3 $ 1,155 Provision (credit) for loan losses 91 (72 ) (11 ) (12 ) 4 - Charge-offs - - - - - - Recoveries - - - - - - Balance, March 31 , 2016 $ 739 $ 311 $ 91 $ 7 $ 7 $ 1,155 March 31, 2017 (Unaudited) Real Estate Construction Commercial Residential Commercial and Land Business Consumer Total (In thousands) Allowance for loan losses: Ending balance, individually evaluated for impairment $ - $ - $ - $ - $ - $ - Ending balance, collectively evaluated for impairment $ 578 $ 365 $ 78 $ 13 $ 8 $ 1,042 Loans: Ending balance $ 43,656 $ 34,132 $ 10,139 $ 1,193 $ 689 $ 89,809 Ending balance; individually evaluated for impairment $ 2,757 $ 528 $ 1,681 $ - $ - $ 4,966 Ending balance; collectively evaluated for impairment $ 40,899 $ 33,604 $ 8,458 $ 1,193 $ 689 $ 84,843 December 31, 2016 Real Estate Construction Commercial Residential Commercial and Land Business Consumer Total (In thousands) Allowance for loan losses: Ending balance $ 656 $ 326 $ 72 $ 4 $ 5 $ 1,063 Ending balance, individually evaluated for impairment $ - $ - $ - $ - $ - $ - Ending balance, collectively evaluated for impairment $ 656 $ 326 $ 72 $ 4 $ 5 $ 1,063 Loans: Ending balance $ 43,036 $ 32,175 $ 9,543 $ 383 $ 776 $ 85,913 Ending balance; individually evaluated for impairment $ 2,779 $ 533 $ 1,709 $ - $ - $ 5,021 Ending balance; collectively evaluated for impairment $ 40,257 $ 31,642 $ 7,834 $ 383 $ 776 $ 80,892 Internal Risk Categories The Bank 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 Pass : Special Mention /Watch may Substandard : may may 90 Doubtful : These are loans with major defined weaknesses, where future charge-off of a part of the credit is highly likely. The primary repayment source is no longer viable and the viability of the secondary Loss : These are loans that represent near term charge-offs. Loans classified as loss are considered uncollectible and of such little value that it is not desirable to continue carrying them as assets on the Bank’s financial statements, even though partial recovery may The following tables present the credit risk profile of the Company’s loan portfolio based on internal rating category and payment activity as of March 31, 2017 December 31, 2016: March 31, 2017 Real Estate Construction Commercial Residential Commercial and Land Business Consumer Total (In thousands) Pass $ 41,496 $ 33,604 $ 8,823 $ 1,193 $ 689 $ 85,805 Special mention/Watch 290 - - - - 290 Substandard 1,870 528 1,316 - - 3,714 Doubtful - - - - - - Total $ 43,656 $ 34,132 $ 10,139 $ 1,193 $ 689 $ 89,809 December 31, 2016 Real Estate Construction Commercial Residential Commercial and Land Business Consumer Total (In thousands) Pass $ 40,724 $ 31,677 $ 8,520 $ 348 $ 766 $ 82,035 Special mention/Watch 415 - - - 10 425 Substandard 1,897 498 1,023 35 - 3,453 Doubtful - - - - - - Total $ 43,036 $ 32,175 $ 9,543 $ 383 $ 776 $ 85,913 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 March 31, 2017 December 31, 2016: March 31, 2017 (Unaudited) Total Loans > 30-59 Days 60-89 Days Greater Than Total Total Loans 90 Days & Past Due Past Due 90 Days Past Due Current Receivable Accruing (In thousands) Real estate Residential $ 272 $ - $ 314 $ 586 $ 43,070 $ 43,656 $ - Commercial - - - - 34,132 34,132 - Construction and land - - - - 10,139 10,139 - Commercial business - - - - 1,193 1,193 - Consumer - - - - 689 689 - Total $ 272 $ - $ 314 $ 586 $ 89,223 $ 89,809 $ - December 31, 2016 Total Loans > 30-59 Days 60-89 Days Greater Than Total Total Loans 90 Days & Past Due Past Due 90 Days Past Due Current Receivable Accruing (In thousands) Real estate Residential $ 194 $ - $ 327 $ 521 $ 42,515 $ 43,036 $ - Commercial - - 4 4 32,171 32,175 - Construction and land - - - - 9,543 9,543 - Commercial business - - - - 383 383 - Consumer - - - - 776 776 Total $ 194 $ - $ 331 $ 525 $ 85,388 $ 85,913 $ - A loan is considered impaired, in accordance with the impairment accounting guidance (ASC 310 10 35 16), Bank 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 table present s impaired loans as of March 31, 2017 three March 31, 2017 2016: As of For the Three Months Ended March 31, 2017 March 31, 2017 March 31, 2016 Recorded Balance Unpaid Principal Balance Specific Allowance Average Balance of Impaired Interest Income Recognized Average Balance of Impaired Interest Income Recognized (Unaudited) (In thousands) Loans without a specific valuation allowance: Real estate Residential $ 2,757 $ 2,874 $ - $ 2,510 $ 37 $ 1,451 $ 15 Commercial 528 528 - 528 7 236 4 Construction and land 1,681 1,681 - 1,713 25 1,739 21 Commercial business - - - - - Consumer - - - - - - - Loans with a specific valuation allowance: Real estate Residential - - - - - 270 1 Commercial - - - - - - - Construction and land - - - - - - - Commercial business - - - - - - - Consumer - - - - - - - Totals $ 4,966 $ 5,083 $ - $ 4,751 $ 69 $ 3,696 $ 41 T he following table presents impaired loans as of December 31, 2016: As of December 31, 2016 Recorded Balance Unpaid Principal Balance Specific Allowance Average Balance of Impaired Interest Income Recognized (In thousands) Loans without a specific valuation allowance: Real estate Residential $ 2,779 $ 2,936 $ - $ 2,420 $ 140 Commercial 533 560 - 230 28 Construction and land 1,709 1,709 - 1,760 95 Commercial business - - - - - Consumer - - - - - Loans with a specific valuation allowance: Real estate Residential - - - - - Commercial - - - - - Construction and land - - - - - Commercial business - - - - - Consumer - - - - - Totals $ 5,021 $ 5,205 $ - $ 4,410 $ 263 The following table presents the Company’s nonaccrual loans at March 31, 2017 December 31, 2016. March 31, 2017 December 31, 2016 (In thousands) Real estate loans Residential $ 617 $ 614 Commercial - 4 Construction and land - - Commercial business - - Consumer and other - - Total nonaccrual $ 617 $ 618 At March 31, 2017 December 31, 2016, one During the three March 31, 2017 2016, no The Company had no twelve March 31, 2017 2016 30 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 Bank’s internal underwriting policy. Foreclosed real estate held for sale consisted of residential real estate at March 31, 2017 December 31, 2016. $323,000 March 31, 2017 December 31, 2016.

Note 4 - Regulatory Matters

Note 4 - Regulatory Matters	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	Note 4: 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. At March 31, 2017 December 31, 2016, 1 1 1 Basel III was effective for the Company on January 1, 2015. 1 1 zero 2.50 2019. regulatory capital. Management believes, as of March 31, 2017 December 31, 2016, As of March 31, 2017 December 31, 2016, ’s category. New Bancorp, Inc. Notes to Condensed Consolidated Financial Statements 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 March 31, 2017 Total Capital (to Risk-Weighted Assets) $ 13,989 17.8 % $ 6,273 8.0 % $ 7,841 10.0 % Tier 1 Capital (to Risk-Weighted Assets) $ 13,008 16.6 % $ 4,705 6.0 % $ 6,273 8.0 % Common Equity Tier I Capital (to Risk-Weighted Assets) $ 13,008 16.6 % $ 3,529 4.5 % $ 5,097 6.5 % Tier I Leverage Capital (to Average Total Assets) $ 13,008 12.1 % $ 4,299 4.0 % $ 5,374 5.0 % As of December 31, 2016 Total Capital (to Risk-Weighted Assets) $ 13,943 17.6 % $ 6,327 8.0 % $ 7,908 10.0 % Tier I Capital (to Risk-Weighted Assets) $ 12,954 16.4 % $ 4,745 6.0 % $ 6,327 8.0 % Common Equity Tier I Capital (to Risk-Weighted Assets) $ 12,954 16.4 % $ 3,559 4.5 % $ 5,140 6.5 % Tier I Capital (to Total Assets) $ 12,954 12.9 % $ 4,024 4.0 % $ 5,030 5.0 %

Note 5 - Disclosures About Fair

Note 5 - Disclosures About Fair Value of Assets and Liabilities	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 5: 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 may Level 1 Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2 Significant other observable inputs other than Level 1 Level 3 Significant unobservable inputs that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. 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 March 31, 2017 December 31, 2016: Fair Value Measurement Using 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) March 31, 2017 Impaired loans, collateral dependent $ 220 $ - $ - $ 220 December 31, 2016 Impaired loans, collateral dependent $ 232 $ - $ - $ 232 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 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 The Bank 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 . 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. Unobservable (Level 3) The following table presents quantitative information about unobservable inputs used in nonrecurring Level 3 Fair Value Valuation Technique Unobservable Inputs Range (In thousands) March 31, 2017 Impaired loans (collateral dependent) $ 220 Marketable comparable properties Marketability discount 17% - 24% December 31, 2016 Impaired loans (collateral dependent) $ 232 Marketable comparable properties Marketability discount 10% - 15% 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 March 31, 2017 December 31, 2016. 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) March 31, 2017 Financial assets Cash and due from banks $ 1,510 $ 1,510 $ 1,510 $ - $ - Interest-earning demand deposits 9,110 4,270 4,270 - - Federal funds sold 4,840 4,840 4,840 - - Interest-earning time deposits in banks 992 992 - 992 - Loans, net 86,695 86,511 - - 86,511 Federal Home Loan Bank stock 468 468 - 468 - Accrued interest receivable 221 221 - 221 - Servicing rights 566 566 - - 566 Financial liabilities Deposits 89,458 89,720 45,863 43,857 - Advances from the Federal Home Loan Bank 10,027 10,120 - 10,120 - Accrued interest payable 12 12 - 12 - December 31, 2016 Financial assets Cash and due from banks $ 1,419 $ 1,419 $ 1,419 $ - $ - Interest-earning demand deposits 8,438 8,438 8,438 - - Interest-earning time deposits in banks 992 992 - 992 - Loans, net 83,008 83,538 - - 83,538 Federal Home Loan Bank stock 468 468 - 468 - Accrued interest receivable 203 203 - 203 - Servicing rights 483 483 - - 483 Financial liabilities Deposits 76,841 77,104 45,080 32,024 - Federal funds purchased 1,000 1,000 1,000 - - Advances from the Federal Home Loan Bank 10,027 10,127 - 10,127 - Accrued interest payable 7 7 - 7 - 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, Interest-earning Demand Deposits and Federal Funds Sold The carrying amount approximates fair value. Interest-earning Time Deposits in Banks The carrying amount approximates fair value. 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 Bank 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. Servicing Rights S ervicing 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. 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 Bank. The rates were the average of current rates offered by local competitors of the Bank. The estimated fair val ue 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. F ederal 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 the Federal Home Loan Bank. 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 6 - Recent Accounting Pron

Note 6 - Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note 6: Recent Accounting Pronouncements The Company is an emerging growth company and as such will be subject to the effective dates noted for the private companies if they differ from the effective dates noted for public companies. FASB ASU 2014 09, In May 2014, Accounting Standards Update (ASU) 2014 09, March, 2016 2016 08, April 2016, 2016 10, May 2016, 2016 12, The amendments are effective, as to the Company, for annual reporting periods beginning after December 15, 2017 FASB ASU 2016 01, In January 2016, FASB issued ASU 2016 01, The amendments in this update are effective, as to the Company, for fiscal years beginning after December 15, 2017, 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. 2016 01 FASB ASU 2016 02, In February 2016 FASB issued ASU 2016 02, ● 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. The amendments in ASU 2016 02 December 15, 2019, January 1, 2020. may FASB ASU 2016 13, – Credit Losses In June 2016, 2016 13, Financial Instruments - Credit Losses”. The amendments in this Update replace the incurred loss model with a methodology that reflects expected credit losses over the life of the loan and requires consideration of a broader range of reasonable and supportable information to calculate credit loss estimates. 2016 13 estimates. The ASU requires an organization to estimate supportable forecasts. Additional disclosures are required. ASU No. 2016 13 December 15, 2020, December 15, 2021. 2016 13 may s continuing to evaluate the potential impact on the Company's results of operations and financial position.

Note 7 - Loss Per Share

Note 7 - Loss Per Share	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 7: Loss Per Share Basic loss per share (“LPS”) is calculated by dividing net loss applicable to common stock by the weighted-average number of shares of common stock outstanding during the period. Unallocated common shares held by the Company’s Employee Stock Ownership Plan (the “ESOP”) are shown as a reduction in stockholders’ equity and are excluded from weighted-average common shares outstanding for basic and diluted LPS calculations until they are committed to be released. Loss per share for the three March 31, 2017 2016 $0.03 $0.40, 696,600 49,458 52,353 no March 31, 2017 2016.

Note 8 - Employee Stock Ownersh

Note 8 - Employee Stock Ownership Plan	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	Note 8: Employee Stock Ownership Plan As part of the Company ’s stock conversion, shares were purchased by the ESOP with a loan from New Bancorp. All employees of the Bank meeting certain tenure ESOP was $10,000 $5,000 three March 31, 2017 2016, . $10.00. 49,458 $717,000 $14.50 March 31, 2017.

Note 9 - Change in Corporate Fo

Note 9 - Change in Corporate Form	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Change in Corporate Form [Text Block]	Note 9: Change in Corporate Form On October 19, 2015, Bank converted into a federal stock savings bank and established a stock holding company, New Bancorp, Inc., as parent of the Bank. The Bank converted to the stock form of ownership, followed by the issuance of all of the Bank ’s outstanding stock to New Bancorp, Inc. 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 apprai sal of the Bank and the Company. The stock was priced at $10.00 8% October 19, 2015 696,600 totaled $1.2 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 ’s assets, liabilities and equity unchanged as a result.

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial s tatements as of and for the periods ended March 31, 2017 December 31, 2016, October 19, 2015.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles 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, valuation of deferred tax assets and fair values of financial instruments.
Reclassification, Policy [Policy Text Block]	Reclassifications Certain reclassifications have been made to the December 31, 2016 March 31, 2017 . These reclassifications had no effect on our results of operations.
New Accounting Pronouncements, Policy [Policy Text Block]	FASB ASU 2014 09, In May 2014, Accounting Standards Update (ASU) 2014 09, March, 2016 2016 08, April 2016, 2016 10, May 2016, 2016 02 12, The amendments are effective for annual reporting periods beginning after December 15, 2017 FASB ASU 2016 01, In January 2016, FASB issued ASU 2016 01, For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2017, 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. 2016 01 FASB ASU 2016 02, In February 2016 FASB issued ASU 2016 02, ● 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 December 15, 2018, January 1, 2019, may FASB ASU 2016 13, – Credit Losses In June 2016, 2016 13, Financial Instruments - Credit Losses”. The amendments in this Update replace the incurred loss model with a methodology that reflects expected credit losses over the life of the loan and requires consideration of a broader range of reasonable and supportable information to calculate credit loss estimates. 2016 13 estimates. The ASU requires an organization to estimate supportable forecasts. Additional disclosures are required. ASU No. 2016 13 December 15, 2019. December 15, 2018. 2016 13 may s continuing to evaluate the potential impact on the Company's results of operations and financial position.

Note 3 - Loans and Allowance 17

Note 3 - Loans and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	March 31, December 31, 2017 2016 (Unaudited) (In thousands) Real estate loans Residential $ 43,656 $ 43,036 Commercial 34,132 32,175 Construction and land 10,139 9,543 Commercial business 1,193 383 Consumer and other 689 776 Total loans 89,809 85,913 Less: Net deferred loan fees, premiums and discounts (105 ) (70 ) Undisbursed loans in process (1,967 ) (1,772 ) Allowance for loan losses (1,042 ) (1,063 ) Net loans $ 86,695 $ 83,008
Allowance for Credit Losses on Financing Receivables [Table Text Block]	For the Three Months Ended March 31, 2017 (Unaudited) Real Estate Construction Commercial Residential Commercial and Land Business Consumer Total (In thousands) Allowance for loan losses: Balance, January 1, 2017 $ 656 $ 326 $ 72 $ 4 $ 5 $ 1,063 Provision (credit) for loan losses (66 ) 39 6 18 3 - Charge-offs (12 ) - - (9 ) - (21 ) Recoveries - - - - - - Balance, March 31, 2017 $ 578 $ 365 $ 78 $ 13 $ 8 $ 1,042 For the Three Months ended March 31, 2016 Allowance for loan losses: Balance, January 1, 2016 $ 648 $ 383 $ 102 $ 19 $ 3 $ 1,155 Provision (credit) for loan losses 91 (72 ) (11 ) (12 ) 4 - Charge-offs - - - - - - Recoveries - - - - - - Balance, March 31 , 2016 $ 739 $ 311 $ 91 $ 7 $ 7 $ 1,155 March 31, 2017 (Unaudited) Real Estate Construction Commercial Residential Commercial and Land Business Consumer Total (In thousands) Allowance for loan losses: Ending balance, individually evaluated for impairment $ - $ - $ - $ - $ - $ - Ending balance, collectively evaluated for impairment $ 578 $ 365 $ 78 $ 13 $ 8 $ 1,042 Loans: Ending balance $ 43,656 $ 34,132 $ 10,139 $ 1,193 $ 689 $ 89,809 Ending balance; individually evaluated for impairment $ 2,757 $ 528 $ 1,681 $ - $ - $ 4,966 Ending balance; collectively evaluated for impairment $ 40,899 $ 33,604 $ 8,458 $ 1,193 $ 689 $ 84,843 December 31, 2016 Real Estate Construction Commercial Residential Commercial and Land Business Consumer Total (In thousands) Allowance for loan losses: Ending balance $ 656 $ 326 $ 72 $ 4 $ 5 $ 1,063 Ending balance, individually evaluated for impairment $ - $ - $ - $ - $ - $ - Ending balance, collectively evaluated for impairment $ 656 $ 326 $ 72 $ 4 $ 5 $ 1,063 Loans: Ending balance $ 43,036 $ 32,175 $ 9,543 $ 383 $ 776 $ 85,913 Ending balance; individually evaluated for impairment $ 2,779 $ 533 $ 1,709 $ - $ - $ 5,021 Ending balance; collectively evaluated for impairment $ 40,257 $ 31,642 $ 7,834 $ 383 $ 776 $ 80,892
Financing Receivable Credit Quality Indicators [Table Text Block]	March 31, 2017 Real Estate Construction Commercial Residential Commercial and Land Business Consumer Total (In thousands) Pass $ 41,496 $ 33,604 $ 8,823 $ 1,193 $ 689 $ 85,805 Special mention/Watch 290 - - - - 290 Substandard 1,870 528 1,316 - - 3,714 Doubtful - - - - - - Total $ 43,656 $ 34,132 $ 10,139 $ 1,193 $ 689 $ 89,809 December 31, 2016 Real Estate Construction Commercial Residential Commercial and Land Business Consumer Total (In thousands) Pass $ 40,724 $ 31,677 $ 8,520 $ 348 $ 766 $ 82,035 Special mention/Watch 415 - - - 10 425 Substandard 1,897 498 1,023 35 - 3,453 Doubtful - - - - - - Total $ 43,036 $ 32,175 $ 9,543 $ 383 $ 776 $ 85,913
Past Due Financing Receivables [Table Text Block]	March 31, 2017 (Unaudited) Total Loans > 30-59 Days 60-89 Days Greater Than Total Total Loans 90 Days & Past Due Past Due 90 Days Past Due Current Receivable Accruing (In thousands) Real estate Residential $ 272 $ - $ 314 $ 586 $ 43,070 $ 43,656 $ - Commercial - - - - 34,132 34,132 - Construction and land - - - - 10,139 10,139 - Commercial business - - - - 1,193 1,193 - Consumer - - - - 689 689 - Total $ 272 $ - $ 314 $ 586 $ 89,223 $ 89,809 $ - December 31, 2016 Total Loans > 30-59 Days 60-89 Days Greater Than Total Total Loans 90 Days & Past Due Past Due 90 Days Past Due Current Receivable Accruing (In thousands) Real estate Residential $ 194 $ - $ 327 $ 521 $ 42,515 $ 43,036 $ - Commercial - - 4 4 32,171 32,175 - Construction and land - - - - 9,543 9,543 - Commercial business - - - - 383 383 - Consumer - - - - 776 776 Total $ 194 $ - $ 331 $ 525 $ 85,388 $ 85,913 $ -
Impaired Financing Receivables [Table Text Block]	As of For the Three Months Ended March 31, 2017 March 31, 2017 March 31, 2016 Recorded Balance Unpaid Principal Balance Specific Allowance Average Balance of Impaired Interest Income Recognized Average Balance of Impaired Interest Income Recognized (Unaudited) (In thousands) Loans without a specific valuation allowance: Real estate Residential $ 2,757 $ 2,874 $ - $ 2,510 $ 37 $ 1,451 $ 15 Commercial 528 528 - 528 7 236 4 Construction and land 1,681 1,681 - 1,713 25 1,739 21 Commercial business - - - - - Consumer - - - - - - - Loans with a specific valuation allowance: Real estate Residential - - - - - 270 1 Commercial - - - - - - - Construction and land - - - - - - - Commercial business - - - - - - - Consumer - - - - - - - Totals $ 4,966 $ 5,083 $ - $ 4,751 $ 69 $ 3,696 $ 41 As of December 31, 2016 Recorded Balance Unpaid Principal Balance Specific Allowance Average Balance of Impaired Interest Income Recognized (In thousands) Loans without a specific valuation allowance: Real estate Residential $ 2,779 $ 2,936 $ - $ 2,420 $ 140 Commercial 533 560 - 230 28 Construction and land 1,709 1,709 - 1,760 95 Commercial business - - - - - Consumer - - - - - Loans with a specific valuation allowance: Real estate Residential - - - - - Commercial - - - - - Construction and land - - - - - Commercial business - - - - - Consumer - - - - - Totals $ 5,021 $ 5,205 $ - $ 4,410 $ 263
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	March 31, 2017 December 31, 2016 (In thousands) Real estate loans Residential $ 617 $ 614 Commercial - 4 Construction and land - - Commercial business - - Consumer and other - - Total nonaccrual $ 617 $ 618

Note 4 - Regulatory Matters (Ta

Note 4 - Regulatory Matters (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 Total Capital (to Risk-Weighted Assets) $ 13,989 17.8 % $ 6,273 8.0 % $ 7,841 10.0 % Tier 1 Capital (to Risk-Weighted Assets) $ 13,008 16.6 % $ 4,705 6.0 % $ 6,273 8.0 % Common Equity Tier I Capital (to Risk-Weighted Assets) $ 13,008 16.6 % $ 3,529 4.5 % $ 5,097 6.5 % Tier I Leverage Capital (to Average Total Assets) $ 13,008 12.1 % $ 4,299 4.0 % $ 5,374 5.0 % As of December 31, 2016 Total Capital (to Risk-Weighted Assets) $ 13,943 17.6 % $ 6,327 8.0 % $ 7,908 10.0 % Tier I Capital (to Risk-Weighted Assets) $ 12,954 16.4 % $ 4,745 6.0 % $ 6,327 8.0 % Common Equity Tier I Capital (to Risk-Weighted Assets) $ 12,954 16.4 % $ 3,559 4.5 % $ 5,140 6.5 % Tier I Capital (to Total Assets) $ 12,954 12.9 % $ 4,024 4.0 % $ 5,030 5.0 %

Note 5 - Disclosures About Fa19

Note 5 - Disclosures About Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Fair Value Measurements, Nonrecurring [Table Text Block]	Fair Value Measurement Using 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) March 31, 2017 Impaired loans, collateral dependent $ 220 $ - $ - $ 220 December 31, 2016 Impaired loans, collateral dependent $ 232 $ - $ - $ 232
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	Fair Value Valuation Technique Unobservable Inputs Range (In thousands) March 31, 2017 Impaired loans (collateral dependent) $ 220 Marketable comparable properties Marketability discount 17% - 24% December 31, 2016 Impaired loans (collateral dependent) $ 232 Marketable comparable properties Marketability discount 10% - 15%
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) March 31, 2017 Financial assets Cash and due from banks $ 1,510 $ 1,510 $ 1,510 $ - $ - Interest-earning demand deposits 9,110 4,270 4,270 - - Federal funds sold 4,840 4,840 4,840 - - Interest-earning time deposits in banks 992 992 - 992 - Loans, net 86,695 86,511 - - 86,511 Federal Home Loan Bank stock 468 468 - 468 - Accrued interest receivable 221 221 - 221 - Servicing rights 566 566 - - 566 Financial liabilities Deposits 89,458 89,720 45,863 43,857 - Advances from the Federal Home Loan Bank 10,027 10,120 - 10,120 - Accrued interest payable 12 12 - 12 - December 31, 2016 Financial assets Cash and due from banks $ 1,419 $ 1,419 $ 1,419 $ - $ - Interest-earning demand deposits 8,438 8,438 8,438 - - Interest-earning time deposits in banks 992 992 - 992 - Loans, net 83,008 83,538 - - 83,538 Federal Home Loan Bank stock 468 468 - 468 - Accrued interest receivable 203 203 - 203 - Servicing rights 483 483 - - 483 Financial liabilities Deposits 76,841 77,104 45,080 32,024 - Federal funds purchased 1,000 1,000 1,000 - - Advances from the Federal Home Loan Bank 10,027 10,127 - 10,127 - Accrued interest payable 7 7 - 7 -

Note 2 - Securities (Details Te

Note 2 - Securities (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Available-for-sale Securities	$ 0		$ 0
Proceeds from Sale of Available-for-sale Securities	$ 0	$ 0

Note 3 - Loans and Allowance 21

Note 3 - Loans and Allowance for Loan Losses (Details Textual) xbrli-pure in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2016	Dec. 31, 2016USD ($)
Financing Receivable, Modifications, Number of Contracts	0	0
Mortgage Loans in Process of Foreclosure, Amount	$ 323,000		$ 323,000
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Loans and Leases Receivable, Collateral for Secured Borrowings	$ 4,600,000		$ 4,700,000

Note 3 - Loans and Allowance 22

Note 3 - Loans and Allowance for Loan Losses - Classes of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Loans	$ 89,809	$ 85,913
Net deferred loan fees, premiums and discounts	(105)	(70)
Undisbursed loans in process	(1,967)	(1,772)
Allowance for loan losses	(1,042)	(1,063)	$ (1,155)	$ (1,155)
Net loans	86,695	83,008
Residential Portfolio Segment [Member]
Loans	43,656	43,036
Allowance for loan losses	(578)	(656)	(739)	(648)
Commercial Real Estate Portfolio Segment [Member]
Loans	34,132	32,175
Allowance for loan losses	(365)	(326)	(311)	(383)
Construction and Land Real Estate [Member]
Loans	10,139	9,543
Allowance for loan losses	(78)	(72)	(91)	(102)
Commercial Portfolio Segment [Member]
Loans	1,193	383
Allowance for loan losses	(13)	(4)	(7)	(19)
Consumer Portfolio Segment [Member]
Loans	689	776
Allowance for loan losses	$ (8)	$ (5)	$ (7)	$ (3)

Note 3 - Loans and Allowance 23

Note 3 - Loans and Allowance for Loan Losses - Activity in Allowance for Loan Losses and Recorded Investment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Dec. 31, 2016
Balance	$ 1,063	$ 1,155
Provision (credit) for loan losses
Charge-offs	(21)
Recoveries
Balance	1,042	1,155
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment			1,042	1,063
Loans			89,809	85,913
Loans; individually evaluated for impairment			4,966	5,021
Loans; collectively evaluated for impairment			84,843	80,892
Allowance for loan losses	1,042	1,155	1,042	1,063
Residential Portfolio Segment [Member]
Balance	656	648
Provision (credit) for loan losses	(66)	91
Charge-offs	(12)
Recoveries
Balance	578	739
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment			578	656
Loans			43,656	43,036
Loans; individually evaluated for impairment			2,757	2,779
Loans; collectively evaluated for impairment			40,899	40,257
Allowance for loan losses	656	648	578	656
Commercial Real Estate Portfolio Segment [Member]
Balance	326	383
Provision (credit) for loan losses	39	(72)
Charge-offs
Recoveries
Balance	365	311
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment			365	326
Loans			34,132	32,175
Loans; individually evaluated for impairment			528	533
Loans; collectively evaluated for impairment			33,604	31,642
Allowance for loan losses	326	383	365	326
Construction and Land Real Estate [Member]
Balance	72	102
Provision (credit) for loan losses	6	(11)
Charge-offs
Recoveries
Balance	78	91
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment			78	72
Loans			10,139	9,543
Loans; individually evaluated for impairment			1,681	1,709
Loans; collectively evaluated for impairment			8,458	7,834
Allowance for loan losses	72	102	78	72
Commercial Portfolio Segment [Member]
Balance	4	19
Provision (credit) for loan losses	18	(12)
Charge-offs	(9)
Recoveries
Balance	13	7
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment			13	4
Loans			1,193	383
Loans; individually evaluated for impairment
Loans; collectively evaluated for impairment			1,193	383
Allowance for loan losses	4	19	13	4
Consumer Portfolio Segment [Member]
Balance	5	3
Provision (credit) for loan losses	3	4
Charge-offs
Recoveries
Balance	8	7
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment			8	5
Loans			689	776
Loans; individually evaluated for impairment
Loans; collectively evaluated for impairment			689	776
Allowance for loan losses	$ 5	$ 3	$ 8	$ 5

Note 3 - Loans and Allowance 24

Note 3 - Loans and Allowance for Loan Losses - Credit Risk Profile Based on Internal Rating Category (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Loans	$ 89,809	$ 85,913
Residential Portfolio Segment [Member]
Loans	43,656	43,036
Commercial Real Estate Portfolio Segment [Member]
Loans	34,132	32,175
Construction and Land Real Estate [Member]
Loans	10,139	9,543
Commercial Portfolio Segment [Member]
Loans	1,193	383
Consumer Portfolio Segment [Member]
Loans	689	776
Pass [Member]
Loans	85,805	82,035
Pass [Member] | Residential Portfolio Segment [Member]
Loans	41,496	40,724
Pass [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans	33,604	31,677
Pass [Member] | Construction and Land Real Estate [Member]
Loans	8,823	8,520
Pass [Member] | Commercial Portfolio Segment [Member]
Loans	1,193	348
Pass [Member] | Consumer Portfolio Segment [Member]
Loans	689	766
Special Mention [Member]
Loans	290	425
Special Mention [Member] | Residential Portfolio Segment [Member]
Loans	290	415
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans
Special Mention [Member] | Construction and Land Real Estate [Member]
Loans
Special Mention [Member] | Commercial Portfolio Segment [Member]
Loans
Special Mention [Member] | Consumer Portfolio Segment [Member]
Loans		10
Substandard [Member]
Loans	3,714	3,453
Substandard [Member] | Residential Portfolio Segment [Member]
Loans	1,870	1,897
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans	528	498
Substandard [Member] | Construction and Land Real Estate [Member]
Loans	1,316	1,023
Substandard [Member] | Commercial Portfolio Segment [Member]
Loans		35
Substandard [Member] | Consumer Portfolio Segment [Member]
Loans
Doubtful [Member]
Loans
Doubtful [Member] | Residential Portfolio Segment [Member]
Loans
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans
Doubtful [Member] | Construction and Land Real Estate [Member]
Loans
Doubtful [Member] | Commercial Portfolio Segment [Member]
Loans
Doubtful [Member] | Consumer Portfolio Segment [Member]
Loans

Note 3 - Loans and Allowance 25

Note 3 - Loans and Allowance for Loan Losses - Aging Analysis of the Recorded Investment in Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Loans past due	$ 586	$ 525
Current	89,223	85,388
Loans	89,809	85,913
90 days past due and still accruing
Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	272	194
Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	314	331
Residential Portfolio Segment [Member]
Loans past due	586	521
Current	43,070	42,515
Loans	43,656	43,036
90 days past due and still accruing
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	272	194
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	314	327
Commercial Real Estate Portfolio Segment [Member]
Loans past due		4
Current	34,132	32,171
Loans	34,132	32,175
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
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due		4
Construction and Land Real Estate [Member]
Loans past due
Current	10,139	9,543
Loans	10,139	9,543
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
Commercial Portfolio Segment [Member]
Loans past due
Current	1,193	383
Loans	1,193	383
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
Consumer Portfolio Segment [Member]
Loans past due
Current	689	776
Loans	689	776
90 days past due and still accruing
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due
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

Note 3 - Loans and Allowance 26

Note 3 - Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Specific allowance
Recorded balance	4,966		5,021
Unpaid principal balance	5,083		5,205
Average balance of impaired loans	4,751	$ 3,696	4,410
Interest income recognized	69	41	263
Residential Portfolio Segment [Member]
Recorded balance, with no valuation allowance	2,757		2,779
Unpaid principal balance, with no valuation allowance	2,874		2,936
Average balance of impaired loans, without a valuation allowance	2,510	1,451	2,420
Interest income recognized, without a valuation allowance	37	15	140
Recorded balance, with a valuation allowance
Unpaid principal balance, with a valuation allowance
Specific allowance
Average balance of impaired loans, with a valuation allowance		270
Interest income recognized, with a valuation allowance		1
Commercial Real Estate Portfolio Segment [Member]
Recorded balance, with no valuation allowance	528		533
Unpaid principal balance, with no valuation allowance	528		560
Average balance of impaired loans, without a valuation allowance	528	236	230
Interest income recognized, without a valuation allowance	7	4	28
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	1,681		1,709
Unpaid principal balance, with no valuation allowance	1,681		1,709
Average balance of impaired loans, without a valuation allowance	1,713	1,739	1,760
Interest income recognized, without a valuation allowance	25	21	95
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

Note 3 - Loans and Allowance 27

Note 3 - Loans and Allowance for Loan Losses - Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Nonaccrual loans	$ 617	$ 618
Residential Portfolio Segment [Member]
Nonaccrual loans	617	614
Commercial Real Estate Portfolio Segment [Member]
Nonaccrual loans		4
Construction and Land Real Estate [Member]
Nonaccrual loans
Commercial Portfolio Segment [Member]
Nonaccrual loans
Consumer Portfolio Segment [Member]
Nonaccrual loans

Note 4 - Regulatory Matters (De

Note 4 - Regulatory Matters (Details Textual)	Jan. 01, 2019	Mar. 31, 2017
Capital Conservation Buffer		0.00%
Scenario, Forecast [Member]
Capital Conservation Buffer	2.50%

Note 4 - Regulatory Matters - A

Note 4 - Regulatory Matters - Actual Capital Amounts and Ratios (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Capital	$ 13,989,000	$ 13,943,000
Capital to Risk Weighted Assets	17.80%	17.60%
Capital Required for Capital Adequacy	$ 6,273,000	$ 6,327,000
Capital Required for Capital Adequacy to Risk Weighted Assets	8.00%	8.00%
Capital Required to be Well Capitalized	$ 7,841,000	$ 7,908,000
Capital Required to be Well Capitalized to Risk Weighted Assets	10.00%	10.00%
Tier 1 Capital	$ 13,008,000	$ 12,954,000
Tier 1 Capital to Risk Weighted Assets	16.60%	16.40%
Tier 1 Risk Based Capital Required for Capital Adequacy	$ 4,705,000	$ 4,745,000
Tier 1 Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	6.00%	6.00%
Tier 1 Risk Based Capital Required to be Well Capitalized	$ 6,273,000	$ 6,327,000
Tier 1 Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	8.00%	8.00%
Common Equity Tier I Capital	$ 13,008,000	$ 12,954
Common Equity Tier I Capital to Risk Weighted Assets	16.60%	16.40%
Common Equity Tier 1 Risk Based Capital Required for Capital Adequacy	$ 3,529,000	$ 3,559
Common Equity Tier 1 Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	4.50%	4.50%
Common Equity Tier 1 Risk Based Capital Required to be Well Capitalized	$ 5,097,000	$ 5,140
Common Equity Tier 1 Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	6.50%	6.50%
Tier 1 Leverage Capital	$ 13,008,000	$ 12,954,000
Tier 1 Leverage Capital to Average Assets	12.10%	12.90%
Tier 1 Leverage Capital Required for Capital Adequacy	$ 4,299,000	$ 4,024,000
Tier 1 Leverage Capital Required for Capital Adequacy to Average Assets	4.00%	4.00%
Tier 1 Leverage Capital Required to be Well Capitalized	$ 5,374,000	$ 5,030,000
Tier I Leverage Capital Required to be Well Capitalized to Risk Weighted Assets	5.00%	5.00%

Note 5 - Disclosures About Fa30

Note 5 - Disclosures About Fair Value of Assets and Liabilities - Assets Measured at Fair Value on a Non-Recurring Basis (Details) - Impaired Loans, Collateral-Dependent [Member] - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets, fair value, non-recurring basis	$ 220	$ 232
Fair Value, Inputs, Level 1 [Member]
Assets, fair value, non-recurring basis
Fair Value, Inputs, Level 2 [Member]
Assets, fair value, non-recurring basis
Fair Value, Inputs, Level 3 [Member]
Assets, fair value, non-recurring basis	$ 220	$ 232

Note 5 - Disclosures About Fa31

Note 5 - Disclosures About Fair Value of Assets and Liabilities - Quantitative Information About Unobservable Inputs (Details) - Impaired Loans, Collateral-Dependent [Member] - Market Approach Valuation Technique [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Fair value	$ 220	$ 232
Valuation technique	Marketable comparable properties	Marketable comparable properties
Unobservable input	Marketability discount	Marketability discount
Minimum [Member]
Marketability discount	17.00%	10.00%
Maximum [Member]
Marketability discount	24.00%	15.00%

Note 5 - Disclosures About Fa32

Note 5 - Disclosures About Fair Value of Assets and Liabilities - Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Reported Value Measurement [Member]
Financial assets
Cash and due from banks	$ 1,510	$ 1,419
Interest-earning demand deposits	9,110	8,438
Federal funds sold	4,840	1,000
Interest-earning time deposits in banks	992	992
Loans, net	86,695	83,008
Federal Home Loan Bank stock	468	468
Accrued interest receivable	221	203
Servicing rights	566	483
Financial liabilities
Deposits	89,458	76,841
Advances from the Federal Home Loan Bank	10,027	10,027
Accrued interest payable	12	7
Federal funds sold	4,840	1,000
Estimate of Fair Value Measurement [Member]
Financial assets
Cash and due from banks	1,510	1,419
Interest-earning demand deposits	4,270	8,438
Federal funds sold	4,840	1,000
Interest-earning time deposits in banks	992	992
Loans, net	86,511	83,538
Federal Home Loan Bank stock	468	468
Accrued interest receivable	221	203
Servicing rights	566	483
Financial liabilities
Deposits	89,720	77,104
Advances from the Federal Home Loan Bank	10,120	10,127
Accrued interest payable	12	7
Federal funds sold	4,840	1,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Financial assets
Cash and due from banks	1,510	1,419
Interest-earning demand deposits	4,270	8,438
Federal funds sold	4,840	1,000
Interest-earning time deposits in banks
Loans, net
Federal Home Loan Bank stock
Accrued interest receivable
Servicing rights
Financial liabilities
Deposits	45,863	45,080
Advances from the Federal Home Loan Bank
Accrued interest payable
Federal funds sold	4,840	1,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Financial assets
Cash and due from banks
Interest-earning demand deposits
Federal funds sold
Interest-earning time deposits in banks	992	992
Loans, net
Federal Home Loan Bank stock	468	468
Accrued interest receivable	221	203
Servicing rights
Financial liabilities
Deposits	43,857	32,024
Advances from the Federal Home Loan Bank	10,120	10,127
Accrued interest payable	12	7
Federal funds sold
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Financial assets
Cash and due from banks
Interest-earning demand deposits
Federal funds sold
Interest-earning time deposits in banks
Loans, net	86,511	83,538
Federal Home Loan Bank stock
Accrued interest receivable
Servicing rights	566	483
Financial liabilities
Deposits
Advances from the Federal Home Loan Bank
Accrued interest payable
Federal funds sold

Note 7 - Loss Per Share (Detail

Note 7 - Loss Per Share (Details Textual) - $ / shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Oct. 19, 2015
Earnings Per Share, Basic and Diluted	$ (0.03)	$ (0.40)
Common Stock, Shares, Issued	696,600	696,600	696,600	696,600
Weighted Average Number of Shares, Employee Stock Ownership Plan Shares Not Committed to be Released	49,458	52,353
Weighted Average Number Diluted Shares Outstanding Adjustment	0	0

Note 8 - Employee Stock Owner34

Note 8 - Employee Stock Ownership Plan (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Employee Stock Ownership Plan (ESOP), Compensation Expense	$ 10,000	$ 5,000
Share Price at Formation Date	$ 10
Shares Held in Employee Stock Option Plan, Committed-to-be-Released	49,458
Employee Stock Ownership Plan (ESOP), Deferred Shares, Fair Value	$ 717,000
Share Price	$ 14.50

Note 9 - Change in Corporate 35

Note 9 - Change in Corporate Form (Details Textual) - USD ($) $ / shares in Units, $ in Millions	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Oct. 19, 2015
Sale of Stock, Price Per Share				$ 10
Common Stock, Subscriptions, Percentage				8.00%
Common Stock, Shares, Issued	696,600	696,600	696,600	696,600
Costs of Conversion and to Issue Stock				$ 1.2