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 |