Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2021 | Oct. 27, 2021 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001303942 | |
Entity Registrant Name | BankFinancial CORP | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2021 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2021 | |
Document Transition Report | false | |
Entity File Number | 0-51331 | |
Entity Incorporation, State or Country Code | MD | |
Entity Tax Identification Number | 75-3199276 | |
Entity Address, Address Line One | 60 North Frontage Road | |
Entity Address, City or Town | Burr Ridge | |
Entity Address, State or Province | IL | |
Entity Address, Postal Zip Code | 60527 | |
City Area Code | 800 | |
Local Phone Number | 894-6900 | |
Title of 12(b) Security | Common Stock, par value $0.01 per share | |
Trading Symbol | BFIN | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 13,280,723 |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Assets | ||
Cash and due from other financial institutions | $ 11,432 | $ 14,115 |
Interest-bearing deposits in other financial institutions | 517,183 | 489,381 |
Cash and cash equivalents | 528,615 | 503,496 |
Securities, at fair value | 14,693 | 23,829 |
Loans receivable, net of allowance for loan losses: September 30, 2021, $6,895 and December 31, 2020, $7,751 | 1,047,056 | 1,002,578 |
Foreclosed assets, net | 1,049 | 157 |
Stock in Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB"), at cost | 7,490 | 7,490 |
Premises and equipment, net | 24,772 | 24,675 |
Accrued interest receivable | 5,118 | 3,941 |
Bank-owned life insurance | 19,097 | 19,015 |
Deferred taxes | 2,348 | 2,741 |
Other assets | 9,904 | 8,920 |
Total assets | 1,660,142 | 1,596,842 |
Liabilities | ||
Noninterest-bearing | 328,182 | 326,188 |
Interest-bearing | 1,126,207 | 1,067,356 |
Total deposits | 1,454,389 | 1,393,544 |
Borrowings | 5,000 | 4,000 |
Subordinated Notes, net of unamortized issuance costs | 19,578 | 0 |
Advance payments by borrowers for taxes and insurance | 7,910 | 8,670 |
Accrued interest payable and other liabilities | 15,092 | 17,698 |
Total liabilities | 1,501,969 | 1,423,912 |
Stockholders’ equity | ||
Preferred Stock, $0.01 par value, 25,000,000 shares authorized, none issued or outstanding | 0 | 0 |
Common Stock, $0.01 par value, 100,000,000 shares authorized; 13,374,133 shares issued at September 30, 2021 and 14,769,765 shares issued at December 31, 2020 | 134 | 148 |
Additional paid-in capital | 92,381 | 107,815 |
Retained earnings | 65,498 | 64,754 |
Accumulated other comprehensive income | 160 | 213 |
Total stockholders’ equity | 158,173 | 172,930 |
Total liabilities and stockholders’ equity | $ 1,660,142 | $ 1,596,842 |
Consolidated Statements of Fi_2
Consolidated Statements of Financial Condition (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Allowance for loan losses | $ 6,895 | $ 7,751 |
Preferred Stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred Stock, shares authorized (in shares) | 25,000,000 | 25,000,000 |
Preferred Stock, shares issued (in shares) | 0 | 0 |
Preferred Stock, shares outstanding (in shares) | 0 | 0 |
Common Stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common Stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common Stock, shares issued (in shares) | 13,374,133 | 14,769,765 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | ||
Interest and dividend income | |||||
Loans, including fees | $ 11,389 | $ 12,027 | $ 33,510 | $ 38,307 | |
Securities | 46 | 183 | 152 | 758 | |
Other | 313 | 275 | 831 | 1,267 | |
Total interest income | 11,748 | 12,485 | 34,493 | 40,332 | |
Interest expense | |||||
Deposits | 520 | 1,488 | 1,740 | 6,041 | |
Subordinated Notes | 198 | 0 | 368 | 0 | |
Total interest expense | 718 | 1,488 | 2,108 | 6,041 | |
Net interest income | 11,030 | 10,997 | 32,385 | 34,291 | |
(Recovery of) provision for loan losses | (6) | (187) | (1,019) | 326 | |
Net interest income after (recovery of) provision for loan losses | 11,036 | 11,184 | 33,404 | 33,965 | |
Noninterest income | |||||
Deposit service charges and fees | 814 | 833 | 2,352 | 2,456 | |
Loan servicing fees | [1] | 140 | 44 | 336 | 189 |
Mortgage brokerage and banking fees | [1] | 16 | 44 | 33 | 84 |
Trust and insurance commissions and annuities income | 263 | 222 | 880 | 728 | |
Earnings on bank-owned life insurance | [1] | 31 | 10 | 82 | 51 |
Other | [1] | 110 | 111 | 375 | 317 |
Total noninterest income | 1,374 | 1,264 | 4,058 | 3,825 | |
Noninterest expense | |||||
Compensation and benefits | 5,782 | 5,398 | 16,811 | 16,084 | |
Office occupancy and equipment | 1,882 | 1,860 | 5,971 | 5,383 | |
Advertising and public relations | 150 | 135 | 525 | 405 | |
Information technology | 710 | 781 | 2,021 | 2,453 | |
Professional fees | 311 | 341 | 1,024 | 943 | |
Supplies, telephone, and postage | 382 | 288 | 1,224 | 875 | |
Amortization of intangibles | 0 | 6 | 7 | 27 | |
Nonperforming asset management | 6 | 57 | 55 | 154 | |
Operations of foreclosed assets, net | 81 | 23 | 366 | 13 | |
FDIC insurance premiums | 125 | 105 | 345 | 241 | |
Other | 737 | 793 | 2,245 | 2,086 | |
Total noninterest expense | 10,166 | 9,787 | 30,594 | 28,664 | |
Income before income taxes | 2,244 | 2,661 | 6,868 | 9,126 | |
Income tax expense | 600 | 713 | 1,829 | 2,408 | |
Net income | $ 1,644 | $ 1,948 | $ 5,039 | $ 6,718 | |
Basic and diluted earnings per common share (in dollars per share) | $ 0.12 | $ 0.13 | $ 0.35 | $ 0.45 | |
Basic and diluted weighted average common shares outstanding (in shares) | 13,722,333 | 14,842,150 | 14,289,615 | 15,008,271 | |
[1] | Not within the scope of ASC 606 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Net income | $ 1,644 | $ 1,948 | $ 5,039 | $ 6,718 |
Unrealized holding (loss) gain arising during the period | (38) | (4) | (73) | 7 |
Tax effect | 10 | 0 | 20 | (2) |
Net of tax | (28) | (4) | (53) | 5 |
Comprehensive income | $ 1,616 | $ 1,944 | $ 4,986 | $ 6,723 |
Consolidated Statements of Chan
Consolidated Statements of Changes In Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance at Dec. 31, 2019 | $ 153 | $ 112,420 | $ 61,573 | $ 226 | $ 174,372 |
Net income | 0 | 0 | 6,718 | 0 | 6,718 |
Other comprehensive income (loss), net of tax | 0 | 0 | 0 | 5 | 5 |
Repurchase and retirement of common stock | (5) | (4,189) | 0 | 0 | (4,194) |
Cash dividends declared on common stock | 0 | 0 | (4,504) | 0 | (4,504) |
Balance at Sep. 30, 2020 | 148 | 108,231 | 63,787 | 231 | 172,397 |
Balance at Jun. 30, 2020 | 149 | 108,748 | 63,322 | 235 | 172,454 |
Net income | 0 | 0 | 1,948 | 0 | 1,948 |
Other comprehensive income (loss), net of tax | 0 | 0 | 0 | (4) | (4) |
Repurchase and retirement of common stock | (1) | (517) | 0 | 0 | (518) |
Cash dividends declared on common stock | 0 | 0 | (1,483) | 0 | (1,483) |
Balance at Sep. 30, 2020 | 148 | 108,231 | 63,787 | 231 | 172,397 |
Balance at Dec. 31, 2020 | 148 | 107,815 | 64,754 | 213 | 172,930 |
Net income | 0 | 0 | 5,039 | 0 | 5,039 |
Other comprehensive income (loss), net of tax | 0 | 0 | 0 | (53) | (53) |
Repurchase and retirement of common stock | (14) | (15,434) | 0 | 0 | (15,448) |
Cash dividends declared on common stock | 0 | 0 | (4,295) | 0 | (4,295) |
Balance at Sep. 30, 2021 | 134 | 92,381 | 65,498 | 160 | 158,173 |
Balance at Jun. 30, 2021 | 141 | 100,877 | 65,230 | 188 | 166,436 |
Net income | 0 | 0 | 1,644 | 0 | 1,644 |
Other comprehensive income (loss), net of tax | 0 | 0 | 0 | (28) | (28) |
Repurchase and retirement of common stock | (7) | (8,496) | 0 | 0 | (8,503) |
Cash dividends declared on common stock | 0 | 0 | (1,376) | 0 | (1,376) |
Balance at Sep. 30, 2021 | $ 134 | $ 92,381 | $ 65,498 | $ 160 | $ 158,173 |
Consolidated Statements of Ch_2
Consolidated Statements of Changes In Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Repurchase and retirement of common stock (in shares) | 744,587 | 66,000 | 1,359,632 | 453,836 |
Cash dividends declared on common stock (in dollars per share) | $ 0.10 | $ 0.10 | $ 0.30 | $ 0.30 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | ||
Cash flows from operating activities | |||
Net income | $ 5,039,000 | $ 6,718,000 | |
Adjustments to reconcile net income to net cash from operating activities | |||
(Recovery of) provision for loan losses | (1,019,000) | 326,000 | |
Depreciation and amortization | 1,530,000 | 1,323,000 | |
Net change in net deferred loan origination costs | 316,000 | 545,000 | |
Gain on sale of foreclosed assets | (29,000) | (22,000) | |
Loss on disposal of other assets | 0 | 2,000 | |
Foreclosed assets valuation adjustments | 405,000 | 0 | |
Earnings on bank-owned life insurance | [1] | (82,000) | (51,000) |
Net change in: | |||
Accrued interest receivable | (1,177,000) | 209,000 | |
Other assets | 411,000 | 1,942,000 | |
Accrued interest payable and other liabilities | (3,472,000) | (2,399,000) | |
Net cash from operating activities | 1,922,000 | 8,593,000 | |
Cash flows from investing activities | |||
Proceeds from maturities | 14,869,000 | 55,599,000 | |
Proceeds from principal repayments | 1,386,000 | 2,206,000 | |
Purchases of securities | (7,193,000) | (39,657,000) | |
Net (increase) decrease in loans receivable | (43,419,000) | 101,108,000 | |
Loan participation purchased | (5,000,000) | 0 | |
Proceeds from sale of foreclosed assets | 3,205,000 | 120,000 | |
Purchase of premises and equipment, net | (1,552,000) | (1,133,000) | |
Net cash (used in) from investing activities | (37,704,000) | 118,243,000 | |
Cash flows from financing activities | |||
Deposits | 60,845,000 | 117,487,000 | |
Borrowings | 1,000,000 | 3,939,000 | |
Advance payments by borrowers for taxes and insurance | (760,000) | (224,000) | |
Proceeds from issuance of Subordinated Notes | 20,000,000 | 0 | |
Costs paid for issuance of Subordinated Notes | (441,000) | 0 | |
Repurchase and retirement of common stock | (15,448,000) | (4,194,000) | |
Cash dividends paid on common stock | (4,295,000) | (4,504,000) | |
Net cash from financing activities | 60,901,000 | 112,504,000 | |
Net change in cash and cash equivalents | 25,119,000 | 239,340,000 | |
Beginning cash and cash equivalents | 503,496,000 | 190,325,000 | |
Ending cash and cash equivalents | 528,615,000 | 429,665,000 | |
Supplemental disclosures of cash flow information: | |||
Interest paid | 1,763,000 | 6,047,000 | |
Income taxes paid | 2,641,000 | 155,000 | |
Income taxes refunded | 0 | 8,000 | |
Loans transferred to foreclosed assets | 4,473,000 | 33,000 | |
Recording of right of use asset in exchange for lease obligations in other assets and other liabilities | $ 866,000 | $ 111,000 | |
[1] | Not within the scope of ASC 606 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | NOTE 1 Basis of Presentation nine September 30, 2021 not may December 31, 2021 Certain information and note disclosures normally included in financial statements prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Use of Estimates COVID- 19 March 11, 2020, 19” 19 March 3, 2020, 50 1.00% 1.25%. 0% 0.25% March 16, 2020. 19 may 19 Reclassifications These unaudited consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10 December 31, 2020 Newly Issued Not In June 2016, No. 2016 13, 326 2016 13” 2016 13 December 15, 2022. |
Note 2 - Earnings Per Share
Note 2 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 2 Amounts reported in earnings per share reflect earnings available to common stockholders for the period divided by the weighted average number of shares of common stock outstanding during the period. Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Net income available to common stockholders $ 1,644 $ 1,948 $ 5,039 $ 6,718 Basic and diluted weighted average common shares outstanding 13,722,333 14,842,150 14,289,615 15,008,271 Basic and diluted earnings per common share $ 0.12 $ 0.13 $ 0.35 $ 0.45 |
Note 3 - Securities
Note 3 - Securities | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 3 The fair value of securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income is as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-Sale Securities September 30, 2021 Certificates of deposit $ 7,441 $ — $ — $ 7,441 Municipal securities 401 1 — 402 Mortgage-backed securities - residential 4,909 212 — 5,121 Collateralized mortgage obligations - residential 1,724 5 — 1,729 $ 14,475 $ 218 $ — $ 14,693 December 31, 2020 Certificates of deposit $ 15,117 $ — $ — $ 15,117 Municipal securities 402 7 — 409 Mortgage-backed securities - residential 5,826 282 — 6,108 Collateralized mortgage obligations - residential 2,193 3 (1 ) 2,195 $ 23,538 $ 292 $ (1 ) $ 23,829 Mortgage-backed securities and collateralized mortgage obligations reflected in the preceding table were issued by U.S. government-sponsored entities and agencies, Freddie Mac, Fannie Mae and Ginnie Mae, and are obligations which the government has affirmed its commitment to support. The amortized cost and fair values of securities available-for-sale by contractual maturity are shown below. Securities not may may September 30, 2021 Amortized Cost Fair Value Due in one year or less $ 7,842 $ 7,843 Mortgage-backed securities - residential 4,909 5,121 Collateralized mortgage obligations - residential 1,724 1,729 $ 14,475 $ 14,693 Investment securities available-for-sale with carrying value of $1.1 million and $1.2 million at September 30, 2021 December 31, 2020 Securities available-for-sale with unrealized losses not Less than 12 Months 12 Months or More Total Count Fair Value Unrealized Loss Count Fair Value Unrealized Loss Count Fair Value Unrealized Loss December 31, 2020 Collateralized mortgage obligations - residential — $ — $ — 3 $ 1,588 $ (1 ) 3 $ 1,588 $ (1 ) The Company evaluates marketable investment securities with significant declines in fair value on a quarterly basis to determine whether they should be considered other-than-temporarily impaired under current accounting guidance, which generally provides that if a marketable security is in an unrealized loss position, whether due to general market conditions or industry or issuer-specific factors, the holder of the securities must assess whether the impairment is other-than-temporary. There were no September 30, 2021 December 31, 2020, not not not |
Note 4 - Loans Receivable
Note 4 - Loans Receivable | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 4 Loans receivable are as follows: September 30, 2021 December 31, 2020 One-to-four family residential real estate $ 31,829 $ 41,691 Multi-family mortgage 435,634 452,241 Nonresidential real estate 100,469 108,658 Construction and land 499 499 Commercial loans and leases 483,705 405,057 Consumer 1,760 1,812 1,053,896 1,009,958 Net deferred loan origination costs 55 371 Allowance for loan losses (6,895 ) (7,751 ) Loans, net $ 1,047,056 $ 1,002,578 The following tables present the balance in the allowance for loan losses and loans receivable by portfolio segment and based on impairment method: Allowance for loan losses Loan Balances Individually evaluated for impairment Collectively evaluated for impairment Total Individually evaluated for impairment Collectively evaluated for impairment Total September 30, 2021 One-to-four family residential real estate $ — $ 401 $ 401 $ 1,354 $ 30,475 $ 31,829 Multi-family mortgage — 3,579 3,579 503 435,131 435,634 Nonresidential real estate 28 1,278 1,306 296 100,173 100,469 Construction and land — 12 12 — 499 499 Commercial loans and leases — 1,554 1,554 9 483,696 483,705 Consumer — 43 43 — 1,760 1,760 $ 28 $ 6,867 $ 6,895 $ 2,162 $ 1,051,734 1,053,896 Net deferred loan origination costs 55 Allowance for loan losses (6,895 ) Loans, net $ 1,047,056 Allowance for loan losses Loan Balances Individually evaluated for impairment Collectively evaluated for impairment Total Individually evaluated for impairment Collectively evaluated for impairment Total December 31, 2020 One-to-four family residential real estate $ — $ 518 $ 518 $ 1,718 $ 39,973 $ 41,691 Multi-family mortgage — 4,062 4,062 520 451,721 452,241 Nonresidential real estate 28 1,541 1,569 296 108,362 108,658 Construction and land — 12 12 — 499 499 Commercial loans and leases — 1,536 1,536 — 405,057 405,057 Consumer — 54 54 — 1,812 1,812 $ 28 $ 7,723 $ 7,751 $ 2,534 $ 1,007,424 1,009,958 Net deferred loan origination costs 371 Allowance for loan losses (7,751 ) Loans, net $ 1,002,578 The following table represents the activity in the allowance for loan losses by portfolio segment: Beginning balance Provision for (recovery of) loan losses Loans charged off Recoveries Ending balance For the three months ended September 30, 2021 One-to-four family residential real estate $ 396 $ (33 ) $ — $ 38 $ 401 Multi-family mortgage 3,690 (118 ) — 7 3,579 Nonresidential real estate 1,336 (30 ) — — 1,306 Construction and land 11 1 — — 12 Commercial loans and leases 1,377 176 — 1 1,554 Consumer 47 (2 ) (2 ) — 43 $ 6,857 $ (6 ) $ (2 ) $ 46 $ 6,895 September 30, 2020 One-to-four family residential real estate $ 665 $ (42 ) $ (2 ) $ 2 $ 623 Multi-family mortgage 4,185 (98 ) — 56 4,143 Nonresidential real estate 1,602 115 — — 1,717 Commercial loans and leases 1,658 (178 ) — — 1,480 Consumer 46 16 (14 ) — 48 $ 8,156 $ (187 ) $ (16 ) $ 58 $ 8,011 Beginning balance Provision for (recovery of) loan losses Loans charged off Recoveries Ending balance For the nine months ended September 30, 2021 One-to-four family residential real estate $ 518 $ (264 ) $ — $ 147 $ 401 Multi-family mortgage 4,062 (511 ) — 28 3,579 Nonresidential real estate 1,569 (263 ) — — 1,306 Construction and land 12 — — — 12 Commercial loans and leases 1,536 15 (86 ) 89 1,554 Consumer 54 4 (17 ) 2 43 $ 7,751 $ (1,019 ) $ (103 ) $ 266 $ 6,895 September 30, 2020 One-to-four family residential real estate $ 675 $ (63 ) $ (7 ) $ 18 $ 623 Multi-family mortgage 3,676 384 — 83 4,143 Nonresidential real estate 1,176 541 — — 1,717 Commercial loans and leases 2,065 (588 ) — 3 1,480 Consumer 40 52 (44 ) — 48 $ 7,632 $ 326 $ (51 ) $ 104 $ 8,011 Impaired loans The following tables present loans individually evaluated for impairment by class of loans: Three Months Ended Nine Months Ended September 30, 2021 September 30, 2021 Loan Balance Recorded Investment Partial Charge-off Allowance for Loan Losses Allocated Average Investment in Impaired Loans Interest Income Recognized Average Investment in Impaired Loans Interest Income Recognized September 30, 2021 With no related allowance recorded: One-to-four family residential real estate $ 1,465 $ 1,354 $ 111 $ — $ 1,428 $ 7 $ 1,524 $ 23 Multi-family mortgage - Illinois 503 503 — — 506 7 512 22 Equipment finance - investment - rated 9 9 — — 2 — 1 — 1,977 1,866 111 — 1,936 14 2,037 45 With an allowance recorded - nonresidential real estate 280 296 — 28 296 — 296 — $ 2,257 $ 2,162 $ 111 $ 28 $ 2,232 $ 14 $ 2,333 $ 45 Year ended December 31, 2020 Loan Balance Recorded Investment Partial Charge-off Allowance for Loan Losses Allocated Average Investment in Impaired Loans Interest Income Recognized December 31, 2020 With no related allowance recorded: One-to-four family residential real estate $ 2,069 $ 1,718 $ 363 $ — $ 1,782 $ 42 Multi-family mortgage - Illinois 520 520 — — 594 31 2,589 2,238 363 — 2,376 73 With an allowance recorded - nonresidential real estate 280 296 — 28 289 — $ 2,869 $ 2,534 $ 363 $ 28 $ 2,665 $ 73 Nonaccrual Loans The following tables present the recorded investment in nonaccrual and loans 90 Loan Balance Recorded Investment Loans Past Due Over 90 Days, Still Accruing September 30, 2021 One-to-four family residential real estate $ 373 $ 341 $ — Nonresidential real estate 280 296 — Equipment finance - investment - rated 9 9 — $ 662 $ 646 $ — December 31, 2020 One-to-four family residential real estate $ 946 $ 925 $ — Nonresidential real estate 280 296 — $ 1,226 $ 1,221 $ — Nonaccrual loans and impaired loans are defined differently. Some loans may may one The Company’s reserve for uncollected loan interest was $132,000 and $133,000 at September 30, 2021 December 31, 2020 310–10, 310–10, Past Due Loans The following tables present the aging of the recorded investment of loans by class of loans: 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due Total Past Due Loans Not Past Due Total September 30, 2021 One-to-four family residential real estate loans: Owner occupied $ 32 $ 251 $ 341 $ 624 $ 24,476 $ 25,100 Non-owner occupied 5 9 — 14 6,715 6,729 Multi-family mortgage: Illinois — — — — 232,181 232,181 Other — — — — 203,453 203,453 Nonresidential real estate — — 296 296 100,173 100,469 Construction and land — — — — 499 499 Commercial loans and leases: Commercial — — — — 79,873 79,873 Asset-based — — — — 14,716 14,716 Equipment finance: Government — 1,190 — 1,190 157,989 159,179 Investment-rated 748 — 9 757 78,065 78,822 Other 1,112 476 — 1,588 108,095 109,683 Middle market — — — — 33,125 33,125 Small ticket — — — — 8,307 8,307 Consumer 7 21 — 28 1,732 1,760 $ 1,904 $ 1,947 $ 646 $ 4,497 $ 1,049,399 $ 1,053,896 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due Total Past Due Loans Not Past Due Total December 31, 2020 One-to-four family residential real estate loans: Owner occupied $ 252 $ 211 $ 834 $ 1,297 $ 32,078 $ 33,375 Non-owner occupied 3 132 91 226 8,090 8,316 Multi-family mortgage: Illinois 86 — — 86 221,943 222,029 Other — — — — 230,212 230,212 Nonresidential real estate — — 296 296 108,362 108,658 Construction and land — — — — 499 499 Commercial loans and leases: Commercial 4,886 — — 4,886 72,809 77,695 Asset-based — — — — 1,740 1,740 Equipment finance: Government 2,468 — — 2,468 100,272 102,740 Investment-rated 618 225 — 843 87,751 88,594 Other 853 2,487 — 3,340 122,677 126,017 Middle market — — — — 6,988 6,988 Small ticket — — — — 1,283 1,283 Consumer 6 5 — 11 1,801 1,812 $ 9,172 $ 3,060 $ 1,221 $ 13,453 $ 996,505 $ 1,009,958 U.S. Small Business Administration Paycheck Protection Program ("PPP") In response to the COVID- 19 March 27, 2020. The following table presents the PPP activity: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Paycheck protection program: Number of loans originated — 10 238 315 Loan balance originations $ — $ 136 $ 10,135 $ 11,160 Loan balance forgiven $ 4,801 $ — $ 14,538 $ 117 September 30, 2021 December 31, 2020 Paycheck protection program loans Number of loans 116 290 Loan balance $ 5,777 $ 10,180 COVID- 19 Section 4013 2020 50” not 19. Our Apartment and Commercial Real Estate COVID- 19 4013 four April 2020, December 2020. Our Small Investment Property COVID- 19 $750,000 4013 four April 2020, December 2020. May 2020 December 2020 June 30, 2021. CARES Act Section 4013 2020 35 4013 2020 35 Per the terms of the COVID- 19 June 30, 2021. The following table summarizes the remaining loan forbearance modifications as of December 31, 2020: Number of loans Principal Balance Remaining Amounts Deferred Small Investment Property COVID-19 Qualified Limited Forbearance Agreement Multi-family mortgage 8 $ 3,092 $ 17 Nonresidential real estate 10 3,363 22 Apartment and Commercial Real Estate COVID-19 Qualified Limited Forbearance Agreement Nonresidential real estate 2 2,480 6 One-to-four family residential real estate 10 1,402 8 30 $ 10,337 $ 53 Troubled Debt Restructurings The Company evaluates loan extensions or modifications not 4013 2020 35 340 10 Under ASC 340 10, The Company had no TDRs at September 30, 2021 December 31, 2020 three nine September 30, 2021 2020 three nine September 30, 2021 2020 twelve A loan is considered to be in payment default once it is 90 To determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Company’s internal underwriting policy. Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, including current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans based on credit risk. This analysis includes non-homogeneous loans, such as commercial and commercial real estate loans. This analysis is performed on a monthly basis. The Company uses the following definitions for risk ratings: Special Mention. may not not Substandard. may not not Nonaccrual. one Loans not Based on the most recent analysis performed, the risk categories of loans by class of loans are as follows: Pass Special Mention Substandard Nonaccrual Total September 30, 2021 One-to-four family residential real estate loans: Owner occupied $ 24,362 $ — $ 397 $ 341 $ 25,100 Non-owner occupied 6,617 — 112 — 6,729 Multi-family mortgage: Illinois 231,855 326 — — 232,181 Other 203,453 — — — 203,453 Nonresidential real estate 100,173 — — 296 100,469 Construction and land 499 — — — 499 Commercial loans and leases: Commercial 79,873 — — — 79,873 Asset-based 14,716 — — — 14,716 Equipment finance: Government 159,179 — — — 159,179 Investment-rated 78,813 — — 9 78,822 Other 108,492 — 1,191 — 109,683 Middle market 33,125 — — — 33,125 Small ticket 8,307 — — — 8,307 Consumer 1,751 2 7 — 1,760 $ 1,051,215 $ 328 $ 1,707 $ 646 $ 1,053,896 Pass Special Mention Substandard Nonaccrual Total December 31, 2020 One-to-four family residential real estate loans: Owner occupied $ 32,089 $ — $ 452 $ 834 $ 33,375 Non-owner occupied 8,164 27 34 91 8,316 Multi-family mortgage: Illinois 222,029 — — — 222,029 Other 230,212 — — — 230,212 Nonresidential real estate 106,280 1,998 84 296 108,658 Construction and land 499 — — — 499 Commercial loans and leases: Commercial 72,809 — 4,886 — 77,695 Asset-based 1,740 — — — 1,740 Equipment finance: Government 102,740 — — — 102,740 Investment-rated 88,594 — — — 88,594 Other 125,012 — 1,005 — 126,017 Middle market 6,988 — — — 6,988 Small ticket 1,283 — — — 1,283 Consumer 1,802 5 5 — 1,812 $ 1,000,241 $ 2,030 $ 6,466 $ 1,221 $ 1,009,958 |
Note 5 - Foreclosed Assets
Note 5 - Foreclosed Assets | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Foreclosed Assets [Text Block] | NOTE 5 Real estate that is acquired through foreclosure or a deed in lieu of foreclosure is classified as other real estate owned ("OREO") until it is sold. When real estate is acquired through foreclosure or by deed in lieu of foreclosure, it is recorded at its fair value, less the estimated costs of disposal. If the fair value of the property is less than the loan balance, the difference is charged against the allowance for loan losses. Assets are classified as foreclosed when physical possession of the collateral is taken regardless of whether foreclosure proceedings have taken place. Other foreclosed assets received in satisfaction of borrowers debt are initially recorded at fair value of the asset less estimated costs to sell. September 30, 2021 December 31, 2020 Balance Valuation Allowance Net Balance Balance Valuation Allowance Net Balance Other real estate owned: One–to–four family residential $ 340 $ (228 ) $ 112 $ 157 $ — $ 157 Nonresidential real estate 170 (30 ) 140 — — — 510 (258 ) 252 157 — 157 Other foreclosed assets 875 (78 ) 797 — — — $ 1,385 $ (336 ) $ 1,049 $ 157 $ — $ 157 The following represents the roll forward of foreclosed assets: For the Three Months Ended For the Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Beginning balance $ 1,702 $ 143 $ 157 $ 186 New foreclosed assets — — 4,473 33 Valuation adjustments (124 ) — (405 ) — Valuation reductions from sales 69 — 69 — Sales (598 ) (33 ) (3,245 ) (109 ) Ending balance $ 1,049 $ 110 $ 1,049 $ 110 Activity in the valuation allowance is as follows: For the Three Months Ended For the Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Beginning balance $ 281 $ — $ — $ — Additions charged to expense 124 — 405 — Reductions from sales (69 ) — (69 ) — Ending balance $ 336 $ — $ 336 $ — There were no December 31, 2020 At September 30, 2021 December 31, 2020 September 30, 2021 December 31, 2020 |
Note 6 - Leases
Note 6 - Leases | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | NOTE 6 The following table represents the classification of the Company's right of use and lease liabilities: Statement of Financial Condition Location September 30, 2021 December 31, 2020 Operating Lease Right of Use Asset: Gross carrying amount $ 6,805 $ 6,694 New lease obligation 866 111 Accumulated amortization (2,502 ) (1,730 ) Net recorded value Other assets $ 5,169 $ 5,075 Operating Lease Liabilities: Right of use lease obligations Other liabilities $ 5,169 $ 5,075 Lease amortization expense was $292,000 and $221,000 for the three September 30, 2021 2020 nine September 30, 2021 2020 September 30, 2021 For the Three Months Ended For the Nine Months Ended September 30, September 30, Lease cost: 2021 2020 2021 2020 Operating lease cost $ 292 $ 221 $ 773 $ 660 Short-term lease cost 35 42 127 113 Sublease income (8 ) (19 ) (30 ) (56 ) Total lease cost $ 319 $ 244 $ 870 $ 717 Other information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 279 $ 238 $ 795 $ 709 Future minimum payments under non-cancellable operating leases with terms longer than 12 Twelve months ended September 30, 2022 $ 1,280 2023 1,290 2024 808 2025 505 2026 511 Thereafter 1,833 Total future minimum operating lease payments 6,227 Amounts representing interest (1,058 ) Present value of net future minimum operating lease payments $ 5,169 |
Note 7 - Borrowings and Subordi
Note 7 - Borrowings and Subordinated Notes | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 7 Borrowings and Subordinated Notes were as follows: September 30, 2021 December 31, 2020 Contractual Contractual Rate Amount Rate Amount Fixed-rate advance from FHLB, due May 9, 2022 — % $ 5,000 — % $ 4,000 Subordinated Notes, due May 15, 2031 3.75 % 19,578 — % — Line of credit, due March 31, 2022 2.50 % — 2.50 % — On April 14, 2021, May 15, 2031 ( The Company incurred $441,000 of issuance costs associated with the Notes. These issuance costs are being amortized over the 10-year life of the Notes. At September 30, 2021 The Notes bear interest at a fixed annual rate of 3.75%, from and including the date of issuance to May 14, 2026, May 15, 2026 may May 15, 2031 May 15, 2026, Principal and interest payments due on the Notes are subject to acceleration only in limited circumstances in the case of certain bankruptcy and insolvency-related events with respect to the Company. The Notes are unsecured, subordinated obligations of the Company and generally rank junior in right of payment to the Company’s current and future senior indebtedness. The Notes qualify as Tier 2 In 2020, March 31, 2022. September 30, 2021 December 31, 2020. |
Note 8 - Fair Value
Note 8 - Fair Value | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 8 Fair value is the exchange price that would be received for 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 on the measurement date. There are three may • Level 1 • Level 2 1 not • Level 3 The Company used the following methods and significant assumptions to estimate the fair value of each type of financial instrument: Securities 2 Impaired loans: may may 3 Foreclosed assets: no may The following table sets forth the Company’s financial assets that were accounted for at fair value and are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Fair Value Measurements Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value September 30, 2021 Securities: Certificates of deposit $ — $ 7,441 $ — $ 7,441 Municipal securities — 402 — 402 Mortgage-backed securities – residential — 5,121 — 5,121 Collateralized mortgage obligations – residential — 1,729 — 1,729 $ — $ 14,693 $ — $ 14,693 December 31, 2020 Securities: Certificates of deposit $ — $ 15,117 $ — $ 15,117 Municipal securities — 409 — 409 Mortgage-backed securities - residential — 6,108 — 6,108 Collateralized mortgage obligations – residential — 2,195 — 2,195 $ — $ 23,829 $ — $ 23,829 The following table sets forth the Company’s assets that were measured at fair value on a non-recurring basis: Fair Value Measurement Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value September 30, 2021 Impaired loans - nonresidential real estate $ — $ — $ 268 $ 268 Foreclosed assets: One–to–four family residential $ — $ — $ 73 $ 73 Nonresidential real estate — — 140 140 Other foreclosed assets — — 792 792 $ — $ — $ 1,005 $ 1,005 December 31, 2020 Impaired loans - nonresidential real estate $ — $ — $ 268 $ 268 Impaired loans, which are measured for impairment using the fair value of the collateral for collateral–dependent loans, had a carrying amount of $296,000, with a valuation allowance of $28,000 at September 30, 2021 December 31, 2020 no three nine September 30, 2021 three nine September 30, 2020 Foreclosed assets are carried at the lower of cost or fair value less costs to sell. At September 30, 2021 December 31, 2020 three September 30, 2021 nine September 30, 2021 three nine September 30, 2020 The following table presents quantitative information, based on certain empirical data with respect to Level 3 Fair Value Valuation Technique(s) Significant Unobservable Input(s) Range (Weighted Average) September 30, 2021 Impaired loans - nonresidential real estate $ 268 Sales comparison Discount applied to valuation 22.0 % Foreclosed assets: One–to–four family residential $ 73 Sales comparison Discount applied to valuation 65.0 % Nonresidential real estate 140 Sales comparison Discount applied to valuation 11.8 % Other foreclosed assets 792 Redemption value Discount applied to valuation 22.0 % $ 1,005 December 31, 2020 Impaired loans - nonresidential real estate $ 268 Sales comparison Discount applied to valuation 22.0 % The carrying amount and estimated fair value of financial instruments are as follows: Fair Value Measurements at September 30, 2021 Using: Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 528,615 $ 11,432 $ 517,183 $ — $ 528,615 Securities 14,693 — 14,693 — 14,693 Loans receivable, net of allowance for loan losses 1,047,056 — — 1,045,500 1,045,500 FHLB and FRB stock 7,490 — — — N /A Accrued interest receivable 5,118 — 103 5,015 5,118 Financial liabilities Certificates of deposit 217,267 — 217,452 — 217,452 Borrowings 5,000 — 4,998 — 4,998 Subordinated Notes 19,578 — 20,525 — 20,525 Fair Value Measurements at December 31, 2020 Using: Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 503,496 $ 14,115 $ 489,381 $ — $ 503,496 Securities 23,829 — 23,829 — 23,829 Loans receivable, net of allowance for loan losses 1,002,578 — — 1,004,854 1,004,854 FHLB and FRB stock 7,490 — — — N /A Accrued interest receivable 3,941 — 52 3,889 3,941 Financial liabilities Certificates of deposit 253,000 — 253,906 — 253,906 Borrowings 4,000 — 3,998 — 3,998 Loans third may not While the above estimates are based on management’s judgment of the most appropriate factors, as of the balance sheet date, there is no may not In addition, other assets and liabilities that are not not |
Note 9 - Revenue From Contracts
Note 9 - Revenue From Contracts With Customers | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | NOTE 9 All of the Company's revenue from contracts with customers within the scope of ASC 606 606 Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Deposit service charges and fees $ 814 $ 833 $ 2,352 $ 2,456 Loan servicing fees (1) 140 44 336 189 Mortgage brokerage and banking fees (1) 16 44 33 84 Trust and insurance commissions and annuities income 263 222 880 728 Earnings on bank-owned life insurance (1) 31 10 82 51 Other (1) 110 111 375 317 Total noninterest income $ 1,374 $ 1,264 $ 4,058 $ 3,825 ( 1 Not 606 A description of the Company's revenue streams accounted for under ASC 606 Deposit service charges and fees: Interchange income: three September 30, 2021 2020 nine September 30, 2021 2020 Trust and insurance commissions and annuities income: i.e Gains/losses on sales of foreclosed assets and other assets: three nine September 30, 2021 2020 not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2021 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation nine September 30, 2021 not may December 31, 2021 Certain information and note disclosures normally included in financial statements prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates |
Covid-19 [Policy Text Block] | COVID- 19 March 11, 2020, 19” 19 March 3, 2020, 50 1.00% 1.25%. 0% 0.25% March 16, 2020. 19 may 19 |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications These unaudited consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10 December 31, 2020 |
New Accounting Pronouncements, Policy [Policy Text Block] | Newly Issued Not In June 2016, No. 2016 13, 326 2016 13” 2016 13 December 15, 2022. |
Note 2 - Earnings Per Share (Ta
Note 2 - Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Net income available to common stockholders $ 1,644 $ 1,948 $ 5,039 $ 6,718 Basic and diluted weighted average common shares outstanding 13,722,333 14,842,150 14,289,615 15,008,271 Basic and diluted earnings per common share $ 0.12 $ 0.13 $ 0.35 $ 0.45 |
Note 3 - Securities (Tables)
Note 3 - Securities (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-Sale Securities September 30, 2021 Certificates of deposit $ 7,441 $ — $ — $ 7,441 Municipal securities 401 1 — 402 Mortgage-backed securities - residential 4,909 212 — 5,121 Collateralized mortgage obligations - residential 1,724 5 — 1,729 $ 14,475 $ 218 $ — $ 14,693 December 31, 2020 Certificates of deposit $ 15,117 $ — $ — $ 15,117 Municipal securities 402 7 — 409 Mortgage-backed securities - residential 5,826 282 — 6,108 Collateralized mortgage obligations - residential 2,193 3 (1 ) 2,195 $ 23,538 $ 292 $ (1 ) $ 23,829 |
Investments Classified by Contractual Maturity Date [Table Text Block] | September 30, 2021 Amortized Cost Fair Value Due in one year or less $ 7,842 $ 7,843 Mortgage-backed securities - residential 4,909 5,121 Collateralized mortgage obligations - residential 1,724 1,729 $ 14,475 $ 14,693 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less than 12 Months 12 Months or More Total Count Fair Value Unrealized Loss Count Fair Value Unrealized Loss Count Fair Value Unrealized Loss December 31, 2020 Collateralized mortgage obligations - residential — $ — $ — 3 $ 1,588 $ (1 ) 3 $ 1,588 $ (1 ) |
Note 4 - Loans Receivable (Tabl
Note 4 - Loans Receivable (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, 2021 December 31, 2020 One-to-four family residential real estate $ 31,829 $ 41,691 Multi-family mortgage 435,634 452,241 Nonresidential real estate 100,469 108,658 Construction and land 499 499 Commercial loans and leases 483,705 405,057 Consumer 1,760 1,812 1,053,896 1,009,958 Net deferred loan origination costs 55 371 Allowance for loan losses (6,895 ) (7,751 ) Loans, net $ 1,047,056 $ 1,002,578 |
Financing Receivable and Allowance for Loan Losses Based on Impairment Method [Table Text Block] | Allowance for loan losses Loan Balances Individually evaluated for impairment Collectively evaluated for impairment Total Individually evaluated for impairment Collectively evaluated for impairment Total September 30, 2021 One-to-four family residential real estate $ — $ 401 $ 401 $ 1,354 $ 30,475 $ 31,829 Multi-family mortgage — 3,579 3,579 503 435,131 435,634 Nonresidential real estate 28 1,278 1,306 296 100,173 100,469 Construction and land — 12 12 — 499 499 Commercial loans and leases — 1,554 1,554 9 483,696 483,705 Consumer — 43 43 — 1,760 1,760 $ 28 $ 6,867 $ 6,895 $ 2,162 $ 1,051,734 1,053,896 Net deferred loan origination costs 55 Allowance for loan losses (6,895 ) Loans, net $ 1,047,056 Allowance for loan losses Loan Balances Individually evaluated for impairment Collectively evaluated for impairment Total Individually evaluated for impairment Collectively evaluated for impairment Total December 31, 2020 One-to-four family residential real estate $ — $ 518 $ 518 $ 1,718 $ 39,973 $ 41,691 Multi-family mortgage — 4,062 4,062 520 451,721 452,241 Nonresidential real estate 28 1,541 1,569 296 108,362 108,658 Construction and land — 12 12 — 499 499 Commercial loans and leases — 1,536 1,536 — 405,057 405,057 Consumer — 54 54 — 1,812 1,812 $ 28 $ 7,723 $ 7,751 $ 2,534 $ 1,007,424 1,009,958 Net deferred loan origination costs 371 Allowance for loan losses (7,751 ) Loans, net $ 1,002,578 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Beginning balance Provision for (recovery of) loan losses Loans charged off Recoveries Ending balance For the three months ended September 30, 2021 One-to-four family residential real estate $ 396 $ (33 ) $ — $ 38 $ 401 Multi-family mortgage 3,690 (118 ) — 7 3,579 Nonresidential real estate 1,336 (30 ) — — 1,306 Construction and land 11 1 — — 12 Commercial loans and leases 1,377 176 — 1 1,554 Consumer 47 (2 ) (2 ) — 43 $ 6,857 $ (6 ) $ (2 ) $ 46 $ 6,895 September 30, 2020 One-to-four family residential real estate $ 665 $ (42 ) $ (2 ) $ 2 $ 623 Multi-family mortgage 4,185 (98 ) — 56 4,143 Nonresidential real estate 1,602 115 — — 1,717 Commercial loans and leases 1,658 (178 ) — — 1,480 Consumer 46 16 (14 ) — 48 $ 8,156 $ (187 ) $ (16 ) $ 58 $ 8,011 Beginning balance Provision for (recovery of) loan losses Loans charged off Recoveries Ending balance For the nine months ended September 30, 2021 One-to-four family residential real estate $ 518 $ (264 ) $ — $ 147 $ 401 Multi-family mortgage 4,062 (511 ) — 28 3,579 Nonresidential real estate 1,569 (263 ) — — 1,306 Construction and land 12 — — — 12 Commercial loans and leases 1,536 15 (86 ) 89 1,554 Consumer 54 4 (17 ) 2 43 $ 7,751 $ (1,019 ) $ (103 ) $ 266 $ 6,895 September 30, 2020 One-to-four family residential real estate $ 675 $ (63 ) $ (7 ) $ 18 $ 623 Multi-family mortgage 3,676 384 — 83 4,143 Nonresidential real estate 1,176 541 — — 1,717 Commercial loans and leases 2,065 (588 ) — 3 1,480 Consumer 40 52 (44 ) — 48 $ 7,632 $ 326 $ (51 ) $ 104 $ 8,011 |
Impaired Financing Receivables [Table Text Block] | Three Months Ended Nine Months Ended September 30, 2021 September 30, 2021 Loan Balance Recorded Investment Partial Charge-off Allowance for Loan Losses Allocated Average Investment in Impaired Loans Interest Income Recognized Average Investment in Impaired Loans Interest Income Recognized September 30, 2021 With no related allowance recorded: One-to-four family residential real estate $ 1,465 $ 1,354 $ 111 $ — $ 1,428 $ 7 $ 1,524 $ 23 Multi-family mortgage - Illinois 503 503 — — 506 7 512 22 Equipment finance - investment - rated 9 9 — — 2 — 1 — 1,977 1,866 111 — 1,936 14 2,037 45 With an allowance recorded - nonresidential real estate 280 296 — 28 296 — 296 — $ 2,257 $ 2,162 $ 111 $ 28 $ 2,232 $ 14 $ 2,333 $ 45 Year ended December 31, 2020 Loan Balance Recorded Investment Partial Charge-off Allowance for Loan Losses Allocated Average Investment in Impaired Loans Interest Income Recognized December 31, 2020 With no related allowance recorded: One-to-four family residential real estate $ 2,069 $ 1,718 $ 363 $ — $ 1,782 $ 42 Multi-family mortgage - Illinois 520 520 — — 594 31 2,589 2,238 363 — 2,376 73 With an allowance recorded - nonresidential real estate 280 296 — 28 289 — $ 2,869 $ 2,534 $ 363 $ 28 $ 2,665 $ 73 |
Financing Receivable, Nonaccrual [Table Text Block] | Loan Balance Recorded Investment Loans Past Due Over 90 Days, Still Accruing September 30, 2021 One-to-four family residential real estate $ 373 $ 341 $ — Nonresidential real estate 280 296 — Equipment finance - investment - rated 9 9 — $ 662 $ 646 $ — December 31, 2020 One-to-four family residential real estate $ 946 $ 925 $ — Nonresidential real estate 280 296 — $ 1,226 $ 1,221 $ — |
Financing Receivable, Past Due [Table Text Block] | 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due Total Past Due Loans Not Past Due Total September 30, 2021 One-to-four family residential real estate loans: Owner occupied $ 32 $ 251 $ 341 $ 624 $ 24,476 $ 25,100 Non-owner occupied 5 9 — 14 6,715 6,729 Multi-family mortgage: Illinois — — — — 232,181 232,181 Other — — — — 203,453 203,453 Nonresidential real estate — — 296 296 100,173 100,469 Construction and land — — — — 499 499 Commercial loans and leases: Commercial — — — — 79,873 79,873 Asset-based — — — — 14,716 14,716 Equipment finance: Government — 1,190 — 1,190 157,989 159,179 Investment-rated 748 — 9 757 78,065 78,822 Other 1,112 476 — 1,588 108,095 109,683 Middle market — — — — 33,125 33,125 Small ticket — — — — 8,307 8,307 Consumer 7 21 — 28 1,732 1,760 $ 1,904 $ 1,947 $ 646 $ 4,497 $ 1,049,399 $ 1,053,896 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Past Due Total Past Due Loans Not Past Due Total December 31, 2020 One-to-four family residential real estate loans: Owner occupied $ 252 $ 211 $ 834 $ 1,297 $ 32,078 $ 33,375 Non-owner occupied 3 132 91 226 8,090 8,316 Multi-family mortgage: Illinois 86 — — 86 221,943 222,029 Other — — — — 230,212 230,212 Nonresidential real estate — — 296 296 108,362 108,658 Construction and land — — — — 499 499 Commercial loans and leases: Commercial 4,886 — — 4,886 72,809 77,695 Asset-based — — — — 1,740 1,740 Equipment finance: Government 2,468 — — 2,468 100,272 102,740 Investment-rated 618 225 — 843 87,751 88,594 Other 853 2,487 — 3,340 122,677 126,017 Middle market — — — — 6,988 6,988 Small ticket — — — — 1,283 1,283 Consumer 6 5 — 11 1,801 1,812 $ 9,172 $ 3,060 $ 1,221 $ 13,453 $ 996,505 $ 1,009,958 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Pass Special Mention Substandard Nonaccrual Total September 30, 2021 One-to-four family residential real estate loans: Owner occupied $ 24,362 $ — $ 397 $ 341 $ 25,100 Non-owner occupied 6,617 — 112 — 6,729 Multi-family mortgage: Illinois 231,855 326 — — 232,181 Other 203,453 — — — 203,453 Nonresidential real estate 100,173 — — 296 100,469 Construction and land 499 — — — 499 Commercial loans and leases: Commercial 79,873 — — — 79,873 Asset-based 14,716 — — — 14,716 Equipment finance: Government 159,179 — — — 159,179 Investment-rated 78,813 — — 9 78,822 Other 108,492 — 1,191 — 109,683 Middle market 33,125 — — — 33,125 Small ticket 8,307 — — — 8,307 Consumer 1,751 2 7 — 1,760 $ 1,051,215 $ 328 $ 1,707 $ 646 $ 1,053,896 Pass Special Mention Substandard Nonaccrual Total December 31, 2020 One-to-four family residential real estate loans: Owner occupied $ 32,089 $ — $ 452 $ 834 $ 33,375 Non-owner occupied 8,164 27 34 91 8,316 Multi-family mortgage: Illinois 222,029 — — — 222,029 Other 230,212 — — — 230,212 Nonresidential real estate 106,280 1,998 84 296 108,658 Construction and land 499 — — — 499 Commercial loans and leases: Commercial 72,809 — 4,886 — 77,695 Asset-based 1,740 — — — 1,740 Equipment finance: Government 102,740 — — — 102,740 Investment-rated 88,594 — — — 88,594 Other 125,012 — 1,005 — 126,017 Middle market 6,988 — — — 6,988 Small ticket 1,283 — — — 1,283 Consumer 1,802 5 5 — 1,812 $ 1,000,241 $ 2,030 $ 6,466 $ 1,221 $ 1,009,958 |
COVID 19 [Member] | |
Notes Tables | |
Schedule of Unusual or Infrequent Items, or Both [Table Text Block] | Number of loans Principal Balance Remaining Amounts Deferred Small Investment Property COVID-19 Qualified Limited Forbearance Agreement Multi-family mortgage 8 $ 3,092 $ 17 Nonresidential real estate 10 3,363 22 Apartment and Commercial Real Estate COVID-19 Qualified Limited Forbearance Agreement Nonresidential real estate 2 2,480 6 One-to-four family residential real estate 10 1,402 8 30 $ 10,337 $ 53 |
Paycheck Protection Program Loans [Member] | |
Notes Tables | |
Schedule of Unusual or Infrequent Items, or Both [Table Text Block] | For the Three Months Ended September 30, For the Nine Months Ended September 30, 2021 2020 2021 2020 Paycheck protection program: Number of loans originated — 10 238 315 Loan balance originations $ — $ 136 $ 10,135 $ 11,160 Loan balance forgiven $ 4,801 $ — $ 14,538 $ 117 September 30, 2021 December 31, 2020 Paycheck protection program loans Number of loans 116 290 Loan balance $ 5,777 $ 10,180 |
Note 5 - Foreclosed Assets (Tab
Note 5 - Foreclosed Assets (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Other Real Estate Owned and Other Foreclosed Assets [Table Text Block] | September 30, 2021 December 31, 2020 Balance Valuation Allowance Net Balance Balance Valuation Allowance Net Balance Other real estate owned: One–to–four family residential $ 340 $ (228 ) $ 112 $ 157 $ — $ 157 Nonresidential real estate 170 (30 ) 140 — — — 510 (258 ) 252 157 — 157 Other foreclosed assets 875 (78 ) 797 — — — $ 1,385 $ (336 ) $ 1,049 $ 157 $ — $ 157 |
Roll Forward of Foreclosed Assets [Table Text Block] | For the Three Months Ended For the Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Beginning balance $ 1,702 $ 143 $ 157 $ 186 New foreclosed assets — — 4,473 33 Valuation adjustments (124 ) — (405 ) — Valuation reductions from sales 69 — 69 — Sales (598 ) (33 ) (3,245 ) (109 ) Ending balance $ 1,049 $ 110 $ 1,049 $ 110 |
Foreclosed Assets, Valuation Allowance [Table Text Block] | For the Three Months Ended For the Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Beginning balance $ 281 $ — $ — $ — Additions charged to expense 124 — 405 — Reductions from sales (69 ) — (69 ) — Ending balance $ 336 $ — $ 336 $ — |
Note 6 - Leases (Tables)
Note 6 - Leases (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Assets and Liabilities, Lessee [Table Text Block] | Statement of Financial Condition Location September 30, 2021 December 31, 2020 Operating Lease Right of Use Asset: Gross carrying amount $ 6,805 $ 6,694 New lease obligation 866 111 Accumulated amortization (2,502 ) (1,730 ) Net recorded value Other assets $ 5,169 $ 5,075 Operating Lease Liabilities: Right of use lease obligations Other liabilities $ 5,169 $ 5,075 |
Lease, Cost [Table Text Block] | For the Three Months Ended For the Nine Months Ended September 30, September 30, Lease cost: 2021 2020 2021 2020 Operating lease cost $ 292 $ 221 $ 773 $ 660 Short-term lease cost 35 42 127 113 Sublease income (8 ) (19 ) (30 ) (56 ) Total lease cost $ 319 $ 244 $ 870 $ 717 Other information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 279 $ 238 $ 795 $ 709 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Twelve months ended September 30, 2022 $ 1,280 2023 1,290 2024 808 2025 505 2026 511 Thereafter 1,833 Total future minimum operating lease payments 6,227 Amounts representing interest (1,058 ) Present value of net future minimum operating lease payments $ 5,169 |
Note 7 - Borrowings and Subor_2
Note 7 - Borrowings and Subordinated Notes (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Federal Home Loan Bank, Advances [Table Text Block] | September 30, 2021 December 31, 2020 Contractual Contractual Rate Amount Rate Amount Fixed-rate advance from FHLB, due May 9, 2022 — % $ 5,000 — % $ 4,000 Subordinated Notes, due May 15, 2031 3.75 % 19,578 — % — Line of credit, due March 31, 2022 2.50 % — 2.50 % — |
Note 8 - Fair Value (Tables)
Note 8 - Fair Value (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Fair Value Measurements Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value September 30, 2021 Securities: Certificates of deposit $ — $ 7,441 $ — $ 7,441 Municipal securities — 402 — 402 Mortgage-backed securities – residential — 5,121 — 5,121 Collateralized mortgage obligations – residential — 1,729 — 1,729 $ — $ 14,693 $ — $ 14,693 December 31, 2020 Securities: Certificates of deposit $ — $ 15,117 $ — $ 15,117 Municipal securities — 409 — 409 Mortgage-backed securities - residential — 6,108 — 6,108 Collateralized mortgage obligations – residential — 2,195 — 2,195 $ — $ 23,829 $ — $ 23,829 |
Fair Value Measurements, Nonrecurring [Table Text Block] | Fair Value Measurement Using Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value September 30, 2021 Impaired loans - nonresidential real estate $ — $ — $ 268 $ 268 Foreclosed assets: One–to–four family residential $ — $ — $ 73 $ 73 Nonresidential real estate — — 140 140 Other foreclosed assets — — 792 792 $ — $ — $ 1,005 $ 1,005 December 31, 2020 Impaired loans - nonresidential real estate $ — $ — $ 268 $ 268 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | Fair Value Valuation Technique(s) Significant Unobservable Input(s) Range (Weighted Average) September 30, 2021 Impaired loans - nonresidential real estate $ 268 Sales comparison Discount applied to valuation 22.0 % Foreclosed assets: One–to–four family residential $ 73 Sales comparison Discount applied to valuation 65.0 % Nonresidential real estate 140 Sales comparison Discount applied to valuation 11.8 % Other foreclosed assets 792 Redemption value Discount applied to valuation 22.0 % $ 1,005 December 31, 2020 Impaired loans - nonresidential real estate $ 268 Sales comparison Discount applied to valuation 22.0 % |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Fair Value Measurements at September 30, 2021 Using: Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 528,615 $ 11,432 $ 517,183 $ — $ 528,615 Securities 14,693 — 14,693 — 14,693 Loans receivable, net of allowance for loan losses 1,047,056 — — 1,045,500 1,045,500 FHLB and FRB stock 7,490 — — — N /A Accrued interest receivable 5,118 — 103 5,015 5,118 Financial liabilities Certificates of deposit 217,267 — 217,452 — 217,452 Borrowings 5,000 — 4,998 — 4,998 Subordinated Notes 19,578 — 20,525 — 20,525 Fair Value Measurements at December 31, 2020 Using: Carrying Amount Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 503,496 $ 14,115 $ 489,381 $ — $ 503,496 Securities 23,829 — 23,829 — 23,829 Loans receivable, net of allowance for loan losses 1,002,578 — — 1,004,854 1,004,854 FHLB and FRB stock 7,490 — — — N /A Accrued interest receivable 3,941 — 52 3,889 3,941 Financial liabilities Certificates of deposit 253,000 — 253,906 — 253,906 Borrowings 4,000 — 3,998 — 3,998 |
Note 9 - Revenue From Contrac_2
Note 9 - Revenue From Contracts With Customers (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Deposit service charges and fees $ 814 $ 833 $ 2,352 $ 2,456 Loan servicing fees (1) 140 44 336 189 Mortgage brokerage and banking fees (1) 16 44 33 84 Trust and insurance commissions and annuities income 263 222 880 728 Earnings on bank-owned life insurance (1) 31 10 82 51 Other (1) 110 111 375 317 Total noninterest income $ 1,374 $ 1,264 $ 4,058 $ 3,825 |
Note 2 - Earnings Per Share - E
Note 2 - Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Net income available to common stockholders | $ 1,644 | $ 1,948 | $ 5,039 | $ 6,718 |
Basic and diluted weighted average common shares outstanding (in shares) | 13,722,333 | 14,842,150 | 14,289,615 | 15,008,271 |
Basic and diluted earnings per common share (in dollars per share) | $ 0.12 | $ 0.13 | $ 0.35 | $ 0.45 |
Note 3 - Securities (Details Te
Note 3 - Securities (Details Textual) - USD ($) $ in Millions | Sep. 30, 2021 | Dec. 31, 2020 |
Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value, Total | $ 1.1 | $ 1.2 |
Note 3 - Securities - Fair Valu
Note 3 - Securities - Fair Value of Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Amortized cost | $ 14,475 | $ 23,538 |
Gross unrealized gains | 218 | 292 |
Gross unrealized losses | 0 | (1) |
Fair value | 14,693 | 23,829 |
Certificates of Deposit [Member] | ||
Amortized cost | 7,441 | 15,117 |
Gross unrealized gains | 0 | 0 |
Gross unrealized losses | 0 | 0 |
Fair value | 7,441 | 15,117 |
US States and Political Subdivisions Debt Securities [Member] | ||
Amortized cost | 401 | 402 |
Gross unrealized gains | 1 | 7 |
Gross unrealized losses | 0 | 0 |
Fair value | 402 | 409 |
Residential Mortgage Backed Securities [Member] | ||
Amortized cost | 4,909 | 5,826 |
Gross unrealized gains | 212 | 282 |
Gross unrealized losses | 0 | 0 |
Fair value | 5,121 | 6,108 |
Collateralized Mortgage Backed Securities [Member] | ||
Amortized cost | 1,724 | 2,193 |
Gross unrealized gains | 5 | 3 |
Gross unrealized losses | 0 | (1) |
Fair value | $ 1,729 | $ 2,195 |
Note 3 - Securities - Amortized
Note 3 - Securities - Amortized Cost and Fair Value of Securities By Contractual Maturity (Details) $ in Thousands | Sep. 30, 2021USD ($) |
Due in one year or less, amortized cost | $ 7,842 |
Due in one year or less, fair value | 7,843 |
Amortized cost, single maturity date | 14,475 |
Fair value, single maturity date | 14,693 |
Residential Mortgage Backed Securities [Member] | |
Amortized cost, without single maturity date | 4,909 |
Fair value, without single maturity date | 5,121 |
Collateralized Mortgage Backed Securities [Member] | |
Amortized cost, without single maturity date | 1,724 |
Fair value, without single maturity date | $ 1,729 |
Note 3 - Securities - Securitie
Note 3 - Securities - Securities With Unrealized Losses (Details) - Collateralized Mortgage Backed Securities [Member] Pure in Thousands, $ in Thousands | Dec. 31, 2020USD ($) |
Count, less than 12 months | 0 |
Collateralized mortgage obligations - residential, fair value | $ 0 |
Unrealized loss, less than 12 months | $ 0 |
Count, 12 months or more | 3 |
Fair value, 12 months or more | $ 1,588 |
Unrealized loss, 12 months or more | $ (1) |
Count, total | 3 |
Fair value, total | $ 1,588 |
Unrealized loss, total | $ (1) |
Note 4 - Loans Receivable (Deta
Note 4 - Loans Receivable (Details Textual) Pure in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2021USD ($) | Sep. 30, 2020 | Sep. 30, 2021USD ($) | Sep. 30, 2020 | Dec. 31, 2020USD ($) | |
Reserve for Uncollected Loan Interest | $ 132,000 | $ 132,000 | $ 133,000 | ||
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | $ 0 | $ 0 | $ 0 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 0 | 0 | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 |
Note 4 - Loans Receivable - Loa
Note 4 - Loans Receivable - Loans Receivable (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Jun. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Dec. 31, 2019 |
Loans receivable | $ 1,053,896 | $ 1,009,958 | ||||
Net deferred loan origination costs | 55 | 371 | ||||
Allowance for loan losses | (6,895) | $ (6,857) | (7,751) | $ (8,011) | $ (8,156) | $ (7,632) |
Loans, net | 1,047,056 | 1,002,578 | ||||
Commercial Portfolio Segment [Member] | ||||||
Loans receivable | 483,705 | 405,057 | ||||
Allowance for loan losses | (1,554) | (1,377) | (1,536) | (1,480) | (1,658) | (2,065) |
Consumer Portfolio Segment [Member] | ||||||
Loans receivable | 1,760 | 1,812 | ||||
Allowance for loan losses | (43) | (47) | (54) | (48) | (46) | (40) |
One-to-Four Family Residential Real Estate [Member] | Real Estate Portfolio [Member] | ||||||
Loans receivable | 31,829 | 41,691 | ||||
Allowance for loan losses | (401) | (396) | (518) | (623) | (665) | (675) |
Multi-family Mortgage [Member] | Real Estate Portfolio [Member] | ||||||
Loans receivable | 435,634 | 452,241 | ||||
Allowance for loan losses | (3,579) | (3,690) | (4,062) | (4,143) | (4,185) | (3,676) |
Nonresidential Real Estate [Member] | Real Estate Portfolio [Member] | ||||||
Loans receivable | 100,469 | 108,658 | ||||
Allowance for loan losses | (1,306) | (1,336) | (1,569) | $ (1,717) | $ (1,602) | $ (1,176) |
Construction and Land Loans [Member] | ||||||
Loans receivable | 499 | 499 | ||||
Allowance for loan losses | $ (12) | $ (11) | (12) | |||
Construction and Land Loans [Member] | Commercial Portfolio Segment [Member] | ||||||
Loans receivable | $ 499 |
Note 4 - Loans Receivable - All
Note 4 - Loans Receivable - Allowance for Loan Losses and Loans Receivable (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Jun. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Dec. 31, 2019 |
Allowance for loan losses, individually evaluated for impairment | $ 28 | $ 28 | ||||
Allowance for loan losses, collectively evaluated for impairment | 6,867 | 7,723 | ||||
Allowance for loan losses | 6,895 | $ 6,857 | 7,751 | $ 8,011 | $ 8,156 | $ 7,632 |
Loan balances, individually evaluated for impairment | 2,162 | 2,534 | ||||
Loan balances, collectively evaluated for impairment | 1,051,734 | 1,007,424 | ||||
Loans receivable | 1,053,896 | 1,009,958 | ||||
Net deferred loan origination costs | 55 | 371 | ||||
Allowance for loan losses | (6,895) | (6,857) | (7,751) | (8,011) | (8,156) | (7,632) |
Loans receivable, net of allowance for loan losses: September 30, 2021, $6,895 and December 31, 2020, $7,751 | 1,047,056 | 1,002,578 | ||||
Allowance for loan losses | 6,895 | 6,857 | 7,751 | 8,011 | 8,156 | 7,632 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate [Member] | ||||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||||
Allowance for loan losses, collectively evaluated for impairment | 401 | 518 | ||||
Allowance for loan losses | 401 | 396 | 518 | 623 | 665 | 675 |
Loan balances, individually evaluated for impairment | 1,354 | 1,718 | ||||
Loan balances, collectively evaluated for impairment | 30,475 | 39,973 | ||||
Loans receivable | 31,829 | 41,691 | ||||
Allowance for loan losses | (401) | (396) | (518) | (623) | (665) | (675) |
Allowance for loan losses | 401 | 396 | 518 | 623 | 665 | 675 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | ||||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||||
Allowance for loan losses, collectively evaluated for impairment | 3,579 | 4,062 | ||||
Allowance for loan losses | 3,579 | 3,690 | 4,062 | 4,143 | 4,185 | 3,676 |
Loan balances, individually evaluated for impairment | 503 | 520 | ||||
Loan balances, collectively evaluated for impairment | 435,131 | 451,721 | ||||
Loans receivable | 435,634 | 452,241 | ||||
Allowance for loan losses | (3,579) | (3,690) | (4,062) | (4,143) | (4,185) | (3,676) |
Allowance for loan losses | 3,579 | 3,690 | 4,062 | 4,143 | 4,185 | 3,676 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | ||||||
Allowance for loan losses, individually evaluated for impairment | 28 | 28 | ||||
Allowance for loan losses, collectively evaluated for impairment | 1,278 | 1,541 | ||||
Allowance for loan losses | 1,306 | 1,336 | 1,569 | 1,717 | 1,602 | 1,176 |
Loan balances, individually evaluated for impairment | 296 | 296 | ||||
Loan balances, collectively evaluated for impairment | 100,173 | 108,362 | ||||
Loans receivable | 100,469 | 108,658 | ||||
Allowance for loan losses | (1,306) | (1,336) | (1,569) | (1,717) | (1,602) | (1,176) |
Allowance for loan losses | 1,306 | 1,336 | 1,569 | 1,717 | 1,602 | 1,176 |
Construction and Land Loans [Member] | ||||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||||
Allowance for loan losses, collectively evaluated for impairment | 12 | 12 | ||||
Allowance for loan losses | 12 | 12 | ||||
Loan balances, individually evaluated for impairment | 0 | 0 | ||||
Loan balances, collectively evaluated for impairment | 499 | 499 | ||||
Loans receivable | 499 | 499 | ||||
Allowance for loan losses | (12) | (12) | ||||
Allowance for loan losses | 12 | 12 | ||||
Commercial Portfolio Segment [Member] | ||||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||||
Allowance for loan losses, collectively evaluated for impairment | 1,554 | 1,536 | ||||
Allowance for loan losses | 1,554 | 1,377 | 1,536 | 1,480 | 1,658 | 2,065 |
Loan balances, individually evaluated for impairment | 9 | 0 | ||||
Loan balances, collectively evaluated for impairment | 483,696 | 405,057 | ||||
Loans receivable | 483,705 | 405,057 | ||||
Allowance for loan losses | (1,554) | (1,377) | (1,536) | (1,480) | (1,658) | (2,065) |
Allowance for loan losses | 1,554 | 1,377 | 1,536 | 1,480 | 1,658 | 2,065 |
Consumer Portfolio Segment [Member] | ||||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||||
Allowance for loan losses, collectively evaluated for impairment | 43 | 54 | ||||
Allowance for loan losses | 43 | 47 | 54 | 48 | 46 | 40 |
Loan balances, individually evaluated for impairment | 0 | 0 | ||||
Loan balances, collectively evaluated for impairment | 1,760 | 1,812 | ||||
Loans receivable | 1,760 | 1,812 | ||||
Allowance for loan losses | (43) | (47) | (54) | (48) | (46) | (40) |
Allowance for loan losses | $ 43 | $ 47 | $ 54 | $ 48 | $ 46 | $ 40 |
Note 4 - Loans Receivable - Act
Note 4 - Loans Receivable - Activity in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Beginning balance | $ 6,857 | $ 8,156 | $ 7,751 | $ 7,632 |
(Recovery of) provision for loan losses | (6) | (187) | (1,019) | 326 |
Loans charged off | (2) | (16) | (103) | (51) |
Recoveries | 46 | 58 | 266 | 104 |
Total ending allowance balance | 6,895 | 8,011 | 6,895 | 8,011 |
Commercial Portfolio Segment [Member] | ||||
Beginning balance | 1,377 | 1,658 | 1,536 | 2,065 |
(Recovery of) provision for loan losses | 176 | (178) | 15 | (588) |
Loans charged off | 0 | 0 | (86) | 0 |
Recoveries | 1 | 0 | 89 | 3 |
Total ending allowance balance | 1,554 | 1,480 | 1,554 | 1,480 |
Consumer Portfolio Segment [Member] | ||||
Beginning balance | 47 | 46 | 54 | 40 |
(Recovery of) provision for loan losses | (2) | 16 | 4 | 52 |
Loans charged off | (2) | (14) | (17) | (44) |
Recoveries | 0 | 0 | 2 | 0 |
Total ending allowance balance | 43 | 48 | 43 | 48 |
One-to-Four Family Residential Real Estate [Member] | Real Estate Portfolio [Member] | ||||
Beginning balance | 396 | 665 | 518 | 675 |
(Recovery of) provision for loan losses | (33) | (42) | (264) | (63) |
Loans charged off | 0 | (2) | 0 | (7) |
Recoveries | 38 | 2 | 147 | 18 |
Total ending allowance balance | 401 | 623 | 401 | 623 |
Multi-family Mortgage [Member] | Real Estate Portfolio [Member] | ||||
Beginning balance | 3,690 | 4,185 | 4,062 | 3,676 |
(Recovery of) provision for loan losses | (118) | (98) | (511) | 384 |
Loans charged off | 0 | 0 | 0 | 0 |
Recoveries | 7 | 56 | 28 | 83 |
Total ending allowance balance | 3,579 | 4,143 | 3,579 | 4,143 |
Nonresidential Real Estate [Member] | Real Estate Portfolio [Member] | ||||
Beginning balance | 1,336 | 1,602 | 1,569 | 1,176 |
(Recovery of) provision for loan losses | (30) | 115 | (263) | 541 |
Loans charged off | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Total ending allowance balance | 1,306 | $ 1,717 | 1,306 | $ 1,717 |
Construction and Land Loans [Member] | ||||
Beginning balance | 11 | 12 | ||
(Recovery of) provision for loan losses | 1 | 0 | ||
Loans charged off | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Total ending allowance balance | $ 12 | $ 12 |
Note 4 - Loans Receivable - L_2
Note 4 - Loans Receivable - Loans Individually Evaluated for Impairment By Class (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Sep. 30, 2021 | Dec. 31, 2020 | |
Loan balance, with no allowance recorded | $ 1,977 | $ 1,977 | $ 2,589 |
Recorded investment, with no allowance recorded | 1,866 | 1,866 | 2,238 |
Partial charge-off, with no allowance recorded | 111 | 111 | 363 |
Average investment in impaired loans, with no allowance recorded | 1,936 | 2,037 | 2,376 |
Interest income recognized, with no allowance recorded | 14 | 45 | 73 |
Loan balance, with allowance recorded | 2,257 | 2,257 | |
With an allowance recorded, recorded investment | 2,162 | 2,162 | 2,534 |
Partial charge-off, with allowance recorded | 111 | 111 | 363 |
Allowance for loan losses | 28 | 28 | 28 |
Average investment in impaired loans, with allowance recorded | 2,232 | 2,333 | 2,665 |
Interest income recognized, with related allowance recorded | 14 | 45 | 73 |
Loan balance, with no allowance recorded | 1,977 | 1,977 | 2,589 |
Recorded investment, with no allowance recorded | 1,866 | 1,866 | 2,238 |
Loan balance, with allowance recorded | 2,257 | 2,257 | |
Allowance for loan losses | 28 | ||
Loan balance, with allowance recorded | 2,869 | ||
Nonresidential Real Estate Loans [Member] | |||
Loan balance, with allowance recorded | 280 | 280 | 280 |
With an allowance recorded, recorded investment | 296 | 296 | 296 |
Partial charge-off, with allowance recorded | 0 | 0 | 0 |
Allowance for loan losses | 28 | 28 | |
Average investment in impaired loans, with allowance recorded | 296 | 296 | 289 |
Interest income recognized, with related allowance recorded | 0 | 0 | 0 |
Loan balance, with allowance recorded | 280 | 280 | 280 |
Allowance for loan losses | 28 | ||
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate [Member] | |||
Loan balance, with no allowance recorded | 1,465 | 1,465 | 2,069 |
Recorded investment, with no allowance recorded | 1,354 | 1,354 | 1,718 |
Partial charge-off, with no allowance recorded | 111 | 111 | 363 |
Average investment in impaired loans, with no allowance recorded | 1,428 | 1,524 | 1,782 |
Interest income recognized, with no allowance recorded | 7 | 23 | 42 |
Allowance for loan losses | 0 | 0 | 0 |
Loan balance, with no allowance recorded | 1,465 | 1,465 | 2,069 |
Recorded investment, with no allowance recorded | 1,354 | 1,354 | 1,718 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | |||
Allowance for loan losses | 0 | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | ILLINOIS | |||
Loan balance, with no allowance recorded | 503 | 503 | 520 |
Recorded investment, with no allowance recorded | 503 | 503 | 520 |
Partial charge-off, with no allowance recorded | 0 | 0 | 0 |
Average investment in impaired loans, with no allowance recorded | 506 | 512 | 594 |
Interest income recognized, with no allowance recorded | 7 | 22 | 31 |
Loan balance, with no allowance recorded | 503 | 503 | 520 |
Recorded investment, with no allowance recorded | 503 | 503 | $ 520 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | |||
Loan balance, with no allowance recorded | 9 | 9 | |
Recorded investment, with no allowance recorded | 9 | 9 | |
Partial charge-off, with no allowance recorded | 0 | 0 | |
Average investment in impaired loans, with no allowance recorded | 2 | 1 | |
Interest income recognized, with no allowance recorded | 0 | 0 | |
Loan balance, with no allowance recorded | 9 | 9 | |
Recorded investment, with no allowance recorded | $ 9 | $ 9 |
Note 4 - Loans Receivable - Rec
Note 4 - Loans Receivable - Recorded Investment in Nonaccrual Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Loan balance | $ 662 | $ 1,226 |
Recorded investment | 646 | 1,221 |
Loans past due over 90 days, still accruing | 0 | 0 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate [Member] | ||
Loan balance | 373 | 946 |
Recorded investment | 341 | 925 |
Loans past due over 90 days, still accruing | 0 | 0 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | ||
Loan balance | 280 | 280 |
Recorded investment | 296 | 296 |
Loans past due over 90 days, still accruing | 0 | $ 0 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | ||
Loan balance | 9 | |
Recorded investment | 9 | |
Loans past due over 90 days, still accruing | $ 0 |
Note 4 - Loans Receivable - Agi
Note 4 - Loans Receivable - Aging of the Recorded Investment of Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Loans receivable | $ 1,053,896 | $ 1,009,958 |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 1,904 | 9,172 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 1,947 | 3,060 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 646 | 1,221 |
Financial Asset, Past Due [Member] | ||
Loans receivable | 4,497 | 13,453 |
Financial Asset, Not Past Due [Member] | ||
Loans receivable | 1,049,399 | 996,505 |
Construction and Land Loans [Member] | ||
Loans receivable | 499 | 499 |
Construction and Land Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Construction and Land Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Construction and Land Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Construction and Land Loans [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 0 | 0 |
Construction and Land Loans [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 499 | 499 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | ||
Loans receivable | 25,100 | 33,375 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 32 | 252 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 251 | 211 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 341 | 834 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 624 | 1,297 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 24,476 | 32,078 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | ||
Loans receivable | 6,729 | 8,316 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 5 | 3 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 9 | 132 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 91 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 14 | 226 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 6,715 | 8,090 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | ||
Loans receivable | 435,634 | 452,241 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | ILLINOIS | ||
Loans receivable | 232,181 | 222,029 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Other [Member] | ||
Loans receivable | 203,453 | 230,212 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ILLINOIS | ||
Loans receivable | 0 | 86 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ILLINOIS | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ILLINOIS | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, Past Due [Member] | ILLINOIS | ||
Loans receivable | 0 | 86 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, Past Due [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, Not Past Due [Member] | ILLINOIS | ||
Loans receivable | 232,181 | 221,943 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Financial Asset, Not Past Due [Member] | Other [Member] | ||
Loans receivable | 203,453 | 230,212 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | ||
Loans receivable | 100,469 | 108,658 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 296 | 296 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 296 | 296 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 100,173 | 108,362 |
Commercial Portfolio Segment [Member] | ||
Loans receivable | 483,705 | 405,057 |
Commercial Portfolio Segment [Member] | Construction and Land Loans [Member] | ||
Loans receivable | 499 | |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | ||
Loans receivable | 79,873 | 77,695 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 0 | 4,886 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 0 | 4,886 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 79,873 | 72,809 |
Commercial Portfolio Segment [Member] | Asset-based [Member] | ||
Loans receivable | 14,716 | 1,740 |
Commercial Portfolio Segment [Member] | Asset-based [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Asset-based [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Asset-based [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Asset-based [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Asset-based [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 14,716 | 1,740 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | ||
Loans receivable | 159,179 | 102,740 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 0 | 2,468 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 1,190 | 0 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 1,190 | 2,468 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 157,989 | 100,272 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | ||
Loans receivable | 78,822 | 88,594 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 748 | 618 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 0 | 225 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 9 | 0 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 757 | 843 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 78,065 | 87,751 |
Finance Leases Portfolio Segment [Member] | Other [Member] | ||
Loans receivable | 109,683 | 126,017 |
Finance Leases Portfolio Segment [Member] | Other [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 1,112 | 853 |
Finance Leases Portfolio Segment [Member] | Other [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 476 | 2,487 |
Finance Leases Portfolio Segment [Member] | Other [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Other [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 1,588 | 3,340 |
Finance Leases Portfolio Segment [Member] | Other [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 108,095 | 122,677 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | ||
Loans receivable | 33,125 | 6,988 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 33,125 | 6,988 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | ||
Loans receivable | 8,307 | 1,283 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | 8,307 | 1,283 |
Consumer Portfolio Segment [Member] | ||
Loans receivable | 1,760 | 1,812 |
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans receivable | 7 | 6 |
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Loans receivable | 21 | 5 |
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Loans receivable | 0 | 0 |
Consumer Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||
Loans receivable | 28 | 11 |
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||
Loans receivable | $ 1,732 | $ 1,801 |
Note 4 - Loans Receivable - PPP
Note 4 - Loans Receivable - PPP activity (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | Dec. 31, 2020USD ($) | |
Number of loans | 30 | ||||
Loans receivable | $ 1,053,896 | $ 1,053,896 | $ 1,009,958 | ||
SBA CARES Act Paycheck Protection Program [Member] | |||||
Number of loans originated | 0 | 10 | 238 | 315 | |
Loan balance originations | $ 0 | $ 136 | $ 10,135 | $ 11,160 | |
Loan balance forgiven | $ 4,801 | $ 0 | $ 14,538 | $ 117 | |
Number of loans | 116 | 116 | 290 | ||
Loans receivable | $ 5,777 | $ 5,777 | $ 10,180 |
Note 4 - Loans Receivable - COV
Note 4 - Loans Receivable - COVID Loan Forbearance Program (Details) $ in Thousands | Dec. 31, 2020USD ($) |
Number of loans | 30 |
Principal balance | $ 10,337 |
Principal Amount Deferred | $ 53 |
Multi-family Mortgage [Member] | COVID 19 [Member] | Small Investment Property Forbearance Agreement [Member] | |
Number of loans | 8 |
Principal balance | $ 3,092 |
Principal Amount Deferred | $ 17 |
Nonresidential Real Estate [Member] | COVID 19 [Member] | Small Investment Property Forbearance Agreement [Member] | |
Number of loans | 10 |
Principal balance | $ 3,363 |
Principal Amount Deferred | $ 22 |
Nonresidential Real Estate [Member] | COVID 19 [Member] | Standard Forbearance Agreement [Member] | |
Number of loans | 2 |
Principal balance | $ 2,480 |
Principal Amount Deferred | $ 6 |
One-to-Four Family Residential Real Estate [Member] | COVID 19 [Member] | Standard Forbearance Agreement [Member] | |
Number of loans | 10 |
Principal Amount Deferred | $ 8 |
One To Four Family Residential Real Estate Loans [Member] | COVID 19 [Member] | Standard Forbearance Agreement [Member] | |
Principal balance | $ 1,402 |
Note 4 - Loans Receivable - Ris
Note 4 - Loans Receivable - Risk Categories of Loans By Class of Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Loans receivable | $ 1,053,896 | $ 1,009,958 |
Pass [Member] | ||
Loans receivable | 1,051,215 | 1,000,241 |
Special Mention [Member] | ||
Loans receivable | 328 | 2,030 |
Substandard [Member] | ||
Loans receivable | 1,707 | 6,466 |
Nonaccrual [Member] | ||
Loans receivable | 646 | 1,221 |
Construction and Land Loans [Member] | ||
Loans receivable | 499 | 499 |
Construction and Land Loans [Member] | Pass [Member] | ||
Loans receivable | 499 | |
Construction and Land Loans [Member] | Special Mention [Member] | ||
Loans receivable | 0 | |
Construction and Land Loans [Member] | Substandard [Member] | ||
Loans receivable | 0 | |
Construction and Land Loans [Member] | Nonaccrual [Member] | ||
Loans receivable | 0 | |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | ||
Loans receivable | 25,100 | 33,375 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | Pass [Member] | ||
Loans receivable | 24,362 | 32,089 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | Substandard [Member] | ||
Loans receivable | 397 | 452 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Owner Occupied [Member] | Nonaccrual [Member] | ||
Loans receivable | 341 | 834 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | ||
Loans receivable | 6,729 | 8,316 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | Pass [Member] | ||
Loans receivable | 6,617 | 8,164 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 27 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | Substandard [Member] | ||
Loans receivable | 112 | 34 |
Real Estate Portfolio [Member] | One-to-Four Family Residential Real Estate, Non-owner Occupied [Member] | Nonaccrual [Member] | ||
Loans receivable | 0 | 91 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | ||
Loans receivable | 435,634 | 452,241 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | ILLINOIS | ||
Loans receivable | 232,181 | 222,029 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Other [Member] | ||
Loans receivable | 203,453 | 230,212 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Pass [Member] | ILLINOIS | ||
Loans receivable | 231,855 | 222,029 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Pass [Member] | Other [Member] | ||
Loans receivable | 203,453 | 230,212 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Special Mention [Member] | ILLINOIS | ||
Loans receivable | 326 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Special Mention [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Substandard [Member] | ILLINOIS | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Substandard [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Nonaccrual [Member] | ILLINOIS | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Multi-family Mortgage [Member] | Nonaccrual [Member] | Other [Member] | ||
Loans receivable | 0 | 0 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | ||
Loans receivable | 100,469 | 108,658 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Pass [Member] | ||
Loans receivable | 100,173 | 106,280 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 1,998 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Substandard [Member] | ||
Loans receivable | 0 | 84 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Nonaccrual [Member] | ||
Loans receivable | 296 | 296 |
Commercial Portfolio Segment [Member] | ||
Loans receivable | 483,705 | 405,057 |
Commercial Portfolio Segment [Member] | Construction and Land Loans [Member] | ||
Loans receivable | 499 | |
Commercial Portfolio Segment [Member] | Construction and Land Loans [Member] | Pass [Member] | ||
Loans receivable | 499 | |
Commercial Portfolio Segment [Member] | Construction and Land Loans [Member] | Special Mention [Member] | ||
Loans receivable | 0 | |
Commercial Portfolio Segment [Member] | Construction and Land Loans [Member] | Substandard [Member] | ||
Loans receivable | 0 | |
Commercial Portfolio Segment [Member] | Construction and Land Loans [Member] | Nonaccrual [Member] | ||
Loans receivable | 0 | |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | ||
Loans receivable | 79,873 | 77,695 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | Pass [Member] | ||
Loans receivable | 79,873 | 72,809 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | Substandard [Member] | ||
Loans receivable | 0 | 4,886 |
Commercial Portfolio Segment [Member] | Commercial Lines and Loans for Operations [Member] | Nonaccrual [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Asset-based [Member] | ||
Loans receivable | 14,716 | 1,740 |
Commercial Portfolio Segment [Member] | Asset-based [Member] | Pass [Member] | ||
Loans receivable | 14,716 | 1,740 |
Commercial Portfolio Segment [Member] | Asset-based [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Asset-based [Member] | Substandard [Member] | ||
Loans receivable | 0 | 0 |
Commercial Portfolio Segment [Member] | Asset-based [Member] | Nonaccrual [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | ||
Loans receivable | 159,179 | 102,740 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | Pass [Member] | ||
Loans receivable | 159,179 | 102,740 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | Substandard [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Equipment Finance Leases, Government [Member] | Nonaccrual [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | ||
Loans receivable | 78,822 | 88,594 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | Pass [Member] | ||
Loans receivable | 78,813 | 88,594 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | Substandard [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Investment Rated Commercial Leases [Member] | Nonaccrual [Member] | ||
Loans receivable | 9 | 0 |
Finance Leases Portfolio Segment [Member] | Other [Member] | ||
Loans receivable | 109,683 | 126,017 |
Finance Leases Portfolio Segment [Member] | Other [Member] | Pass [Member] | ||
Loans receivable | 108,492 | 125,012 |
Finance Leases Portfolio Segment [Member] | Other [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Other [Member] | Substandard [Member] | ||
Loans receivable | 1,191 | 1,005 |
Finance Leases Portfolio Segment [Member] | Other [Member] | Nonaccrual [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | ||
Loans receivable | 33,125 | 6,988 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | Pass [Member] | ||
Loans receivable | 33,125 | 6,988 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | Substandard [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Middle Market Leases [Member] | Nonaccrual [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | ||
Loans receivable | 8,307 | 1,283 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | Pass [Member] | ||
Loans receivable | 8,307 | 1,283 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | Special Mention [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | Substandard [Member] | ||
Loans receivable | 0 | 0 |
Finance Leases Portfolio Segment [Member] | Small Ticket Leases [Member] | Nonaccrual [Member] | ||
Loans receivable | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Loans receivable | 1,760 | 1,812 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Loans receivable | 1,751 | 1,802 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Loans receivable | 2 | 5 |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Loans receivable | 7 | 5 |
Consumer Portfolio Segment [Member] | Nonaccrual [Member] | ||
Loans receivable | $ 0 | $ 0 |
Note 5 - Foreclosed Assets (Det
Note 5 - Foreclosed Assets (Details Textual) - USD ($) | Sep. 30, 2021 | Jun. 30, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Dec. 31, 2019 |
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Total | $ 1,049,000 | $ 157,000 | ||||
Mortgage Loans in Process of Foreclosure, Amount | 73,000 | 187,000 | ||||
Foreclosed Assets, Valuation Allowance | 336,000 | $ 281,000 | 0 | $ 0 | $ 0 | $ 0 |
Foreclosed Residential Real Estate Properties, Physical Possession Without Title [Member] | ||||||
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Total | $ 0 | $ 0 |
Note 5 - Foreclosed Assets - Re
Note 5 - Foreclosed Assets - Real Estate Acquired Through Foreclosure (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Other real estate owned | $ 510 | $ 157 |
Other real estate owned, valuation allowance | (258) | 0 |
Net OREO balance | 252 | 157 |
Other foreclosed assets, gross | 875 | 0 |
Other foreclosed assets, valuation allowance | (78) | 0 |
Other foreclosed assets | 797 | 0 |
Other real estate owned and other foreclosed assets, gross | 1,385 | 157 |
Other real estate owned and other foreclosed assets, valuation allowance | (336) | 0 |
Total | 1,049 | 157 |
One-to-Four Family Residential Real Estate [Member] | ||
Other real estate owned | 340 | 157 |
Other real estate owned, valuation allowance | (228) | 0 |
Net OREO balance | 112 | 157 |
Nonresidential Real Estate Loans [Member] | ||
Other real estate owned | 170 | 0 |
Other real estate owned, valuation allowance | (30) | 0 |
Net OREO balance | $ 140 | $ 0 |
Note 5 - Foreclosed Assets- Rol
Note 5 - Foreclosed Assets- Roll Forward of Foreclosed Assets (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Beginning balance | $ 1,702,000 | $ 143,000 | $ 157,000 | $ 186,000 |
New foreclosed assets | 0 | 0 | 4,473,000 | 33,000 |
Valuation adjustments | (124,000) | 0 | (405,000) | 0 |
Valuation reductions from sales | 69,000 | 0 | 69,000 | 0 |
Sales | (598,000) | (33,000) | (3,245,000) | (109,000) |
Ending balance | $ 1,049,000 | $ 110,000 | $ 1,049,000 | $ 110,000 |
Note 5 - Foreclosed Assets - Ac
Note 5 - Foreclosed Assets - Activity in the Valuation Allowance (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Beginning balance | $ 281,000 | $ 0 | $ 0 | $ 0 |
Additions charged to expense | 124,000 | 0 | 405,000 | 0 |
Reductions from sales | (69,000) | 0 | (69,000) | 0 |
Ending balance | $ 336,000 | $ 0 | $ 336,000 | $ 0 |
Note 6 - Leases (Details Textua
Note 6 - Leases (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Operating Lease, Right-of-Use Asset, Amortization Expense | $ 292,000 | $ 221,000 | $ 773,000 | $ 660,000 |
Operating Lease, Weighted Average Remaining Lease Term (Year) | 7 years 1 month 6 days | 7 years 1 month 6 days | ||
Operating Lease, Weighted Average Discount Rate, Percent | 2.83% | 2.83% |
Note 6 - Leases - Classificatio
Note 6 - Leases - Classification of Right of Use and Lease Liabilities (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2021 | Dec. 31, 2020 | |
Gross carrying amount | $ 6,805 | $ 6,694 |
New lease obligation | 866 | 111 |
Accumulated amortization | (2,502) | (1,730) |
Other Assets [Member] | ||
Net recorded value | 5,169 | 5,075 |
Other Liabilities [Member] | ||
Right of use lease obligations | $ 5,169 | $ 5,075 |
Note 6 - Leases - Lease Cost (D
Note 6 - Leases - Lease Cost (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Operating lease cost | $ 292 | $ 221 | $ 773 | $ 660 |
Short-term lease cost | 35 | 42 | 127 | 113 |
Sublease income | (8) | (19) | (30) | (56) |
Total lease cost | 319 | 244 | 870 | 717 |
Operating cash flows from operating leases | $ 279 | $ 238 | $ 795 | $ 709 |
Note 6 - Leases - Future Minimu
Note 6 - Leases - Future Minimum Payments (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
2022 | $ 1,280 | |
2023 | 1,290 | |
2024 | 808 | |
2025 | 505 | |
2026 | 511 | |
Thereafter | 1,833 | |
Total future minimum operating lease payments | 6,227 | |
Amounts representing interest | (1,058) | |
Other Liabilities [Member] | ||
Present value of net future minimum operating lease payments | $ 5,169 | $ 5,075 |
Note 7 - Borrowings and Subor_3
Note 7 - Borrowings and Subordinated Notes (Details Textual) - USD ($) | Apr. 14, 2021 | Dec. 31, 2020 | Sep. 30, 2021 |
Federal Home Loan Bank Advances [Member] | |||
Debt, Long-term and Short-term, Combined Amount, Total | $ 0 | $ 0 | |
Line of Credit [Member] | Unsecured Debt [Member] | |||
Line of Credit, Current | $ 5,000,000 | ||
Debt Instrument, Prime Rate Floor | 2.40% | ||
Prime Rate [Member] | Line of Credit [Member] | Unsecured Debt [Member] | |||
Debt Instrument, Basis Spread on Variable Rate | 0.75% | ||
The 3.75 Percent Fixed-to-Floating Rate Subordinated Notes [Member] | |||
Debt Instrument, Face Amount | $ 20,000,000 | ||
Debt Instrument, Interest Rate, Stated Percentage | 3.75% | ||
Debt Issuance Costs, Net, Total | $ 441,000 | $ 422,000 | |
Debt Instrument, Term (Year) | 10 years | ||
The 3.75 Percent Fixed-to-Floating Rate Subordinated Notes [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | |||
Debt Instrument, Basis Spread on Variable Rate | 2.99% |
Note 7 - Borrowings and Subor_4
Note 7 - Borrowings and Subordinated Notes - Advances From the FHLB (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Fixed-rate advance from FHLB, due May 9, 2022, interest rate | 0.00% | 0.00% |
Fixed-rate advance from FHLB, due May 9, 2022 | $ 5,000 | $ 4,000 |
Subordinated Notes, net of unamortized issuance costs | $ 19,578 | $ 0 |
Line of credit, due March 31, 2022, interest rate | 2.50% | 2.50% |
Line of credit, due March 31, 2022 | $ 0 | $ 0 |
Subordinated Debt [Member] | ||
Subordinated Notes, due May 15, 2031 | 3.75% | 0.00% |
Note 8 - Fair Value (Details Te
Note 8 - Fair Value (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2019 | |
Impaired Loans, Fair Value Disclosure | $ 296,000 | $ 296,000 | $ 296,000 | |||||
Impaired Loans, Valuation Allowance | 28,000 | 28,000 | 28,000 | |||||
Provision for Loan and Lease Losses, Total | (6,000) | $ (187,000) | (1,019,000) | $ 326,000 | ||||
Foreclosed Assets, Gross | 1,400,000 | 1,400,000 | ||||||
Foreclosed Assets, Valuation Allowance | 336,000 | 0 | 336,000 | 0 | $ 281,000 | 0 | $ 0 | $ 0 |
Repossessed Assets, Total | 1,049,000 | 110,000 | 1,049,000 | 110,000 | $ 1,702,000 | $ 157,000 | $ 143,000 | $ 186,000 |
Foreclosed Assets Valuation Adjustments | (124,000) | 0 | (405,000) | 0 | ||||
Impaired Loans [Member] | ||||||||
Provision for Loan and Lease Losses, Total | $ 28,000 | $ 20,000 | $ 28,000 | $ 20,000 |
Note 8 - Fair Value - Financial
Note 8 - Fair Value - Financial Assets At Fair Value (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Securities | $ 14,693 | $ 23,829 |
Certificates of Deposit [Member] | ||
Securities | 7,441 | 15,117 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities | 402 | 409 |
Residential Mortgage Backed Securities [Member] | ||
Securities | 5,121 | 6,108 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities | 1,729 | 2,195 |
Fair Value, Inputs, Level 1 [Member] | ||
Securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Certificates of Deposit [Member] | ||
Securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Residential Mortgage Backed Securities [Member] | ||
Securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage Backed Securities [Member] | ||
Securities | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Securities | 14,693 | 23,829 |
Fair Value, Inputs, Level 2 [Member] | Certificates of Deposit [Member] | ||
Securities | 7,441 | 15,117 |
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Securities | 402 | 409 |
Fair Value, Inputs, Level 2 [Member] | Residential Mortgage Backed Securities [Member] | ||
Securities | 5,121 | 6,108 |
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Backed Securities [Member] | ||
Securities | 1,729 | 2,195 |
Fair Value, Inputs, Level 3 [Member] | ||
Securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Certificates of Deposit [Member] | ||
Securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Residential Mortgage Backed Securities [Member] | ||
Securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage Backed Securities [Member] | ||
Securities | $ 0 | $ 0 |
Note 8 - Fair Value - Financi_2
Note 8 - Fair Value - Financial Assets At Fair Value on Non-recurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Foreclosed assets | $ 1,005 | |
One-to-Four Family Residential Real Estate [Member] | ||
Foreclosed assets | 73 | |
Nonresidential Real Estate Loans [Member] | ||
Foreclosed assets | 140 | |
Other Foreclosed Assets [Member] | ||
Foreclosed assets | 792 | |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | ||
Impaired loans - nonresidential real estate, fair value | 268 | $ 268 |
Fair Value, Inputs, Level 1 [Member] | ||
Foreclosed assets | 0 | |
Fair Value, Inputs, Level 1 [Member] | One-to-Four Family Residential Real Estate [Member] | ||
Foreclosed assets | 0 | |
Fair Value, Inputs, Level 1 [Member] | Nonresidential Real Estate Loans [Member] | ||
Foreclosed assets | 0 | |
Fair Value, Inputs, Level 1 [Member] | Other Foreclosed Assets [Member] | ||
Foreclosed assets | 0 | |
Fair Value, Inputs, Level 1 [Member] | Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | ||
Impaired loans - nonresidential real estate, fair value | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Foreclosed assets | 0 | |
Fair Value, Inputs, Level 2 [Member] | One-to-Four Family Residential Real Estate [Member] | ||
Foreclosed assets | 0 | |
Fair Value, Inputs, Level 2 [Member] | Nonresidential Real Estate Loans [Member] | ||
Foreclosed assets | 0 | |
Fair Value, Inputs, Level 2 [Member] | Other Foreclosed Assets [Member] | ||
Foreclosed assets | 0 | |
Fair Value, Inputs, Level 2 [Member] | Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | ||
Impaired loans - nonresidential real estate, fair value | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Foreclosed assets | 1,005 | |
Fair Value, Inputs, Level 3 [Member] | Nonresidential Real Estate [Member] | ||
Foreclosed assets | 140 | |
Fair Value, Inputs, Level 3 [Member] | One-to-Four Family Residential Real Estate [Member] | ||
Foreclosed assets | 73 | |
Fair Value, Inputs, Level 3 [Member] | Nonresidential Real Estate Loans [Member] | ||
Foreclosed assets | 140 | |
Fair Value, Inputs, Level 3 [Member] | Other Foreclosed Assets [Member] | ||
Foreclosed assets | 792 | |
Fair Value, Inputs, Level 3 [Member] | Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | ||
Impaired loans - nonresidential real estate, fair value | $ 268 | $ 268 |
Note 8 - Fair Value - Quantitat
Note 8 - Fair Value - Quantitative Information for Financial Instruments on Non-recurring Basis (Details) - Fair Value, Nonrecurring [Member] $ in Thousands | Sep. 30, 2021USD ($) | Dec. 31, 2020USD ($) |
Foreclosed assets | $ 1,005 | |
Fair Value, Inputs, Level 3 [Member] | ||
Foreclosed assets | 1,005 | |
Nonresidential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Foreclosed assets | $ 140 | |
Nonresidential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | Valuation, Market Approach [Member] | Measurement Input, Discount Rate [Member] | ||
Foreclosed assets, measurement input | 0.118 | |
One-to-Four Family Residential Real Estate [Member] | ||
Foreclosed assets | $ 73 | |
One-to-Four Family Residential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Foreclosed assets | $ 73 | |
One-to-Four Family Residential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | Valuation, Market Approach [Member] | Measurement Input, Discount Rate [Member] | ||
Foreclosed assets, measurement input | 0.650 | |
Other Foreclosed Assets [Member] | ||
Foreclosed assets | $ 792 | |
Other Foreclosed Assets [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Foreclosed assets | $ 792 | |
Other Foreclosed Assets [Member] | Fair Value, Inputs, Level 3 [Member] | Valuation, Market Approach [Member] | Measurement Input, Discount Rate [Member] | ||
Foreclosed assets, measurement input | 0.220 | |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | ||
Impaired loans - nonresidential real estate, fair value | $ 268 | $ 268 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Impaired loans - nonresidential real estate, fair value | $ 268 | $ 268 |
Real Estate Portfolio [Member] | Nonresidential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | Valuation, Market Approach [Member] | Measurement Input, Discount Rate [Member] | ||
Imapired loans, measurement input | 0.220 | 0.220 |
Note 8 - Fair Value - Carrying
Note 8 - Fair Value - Carrying Amount and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020 |
Securities | $ 14,693 | $ 23,829 |
Fair Value, Inputs, Level 1 [Member] | ||
Securities | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Securities | 14,693 | 23,829 |
Fair Value, Inputs, Level 3 [Member] | ||
Securities | 0 | 0 |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 528,615 | 503,496 |
Securities | 14,693 | 23,829 |
Loans receivable, net of allowance for loan losses | 1,047,056 | 1,002,578 |
FHLB and FRB stock | 7,490 | 7,490 |
Accrued interest receivable | 5,118 | 3,941 |
Certificates of deposit | 217,267 | 253,000 |
Borrowings | 5,000 | 4,000 |
Subordinated Notes | 19,578 | |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 528,615 | 503,496 |
Securities | 14,693 | 23,829 |
Loans receivable, net of allowance for loan losses | 1,045,500 | 1,004,854 |
Accrued interest receivable | 5,118 | 3,941 |
Certificates of deposit | 217,452 | 253,906 |
Borrowings | 4,998 | 3,998 |
Subordinated Notes | 20,525 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 11,432 | 14,115 |
Securities | 0 | 0 |
Loans receivable, net of allowance for loan losses | 0 | 0 |
FHLB and FRB stock | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Certificates of deposit | 0 | 0 |
Borrowings | 0 | 0 |
Subordinated Notes | 0 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | 517,183 | 489,381 |
Securities | 14,693 | 23,829 |
Loans receivable, net of allowance for loan losses | 0 | 0 |
FHLB and FRB stock | 0 | 0 |
Accrued interest receivable | 103 | 52 |
Certificates of deposit | 217,452 | 253,906 |
Borrowings | 4,998 | 3,998 |
Subordinated Notes | 20,525 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and cash equivalents | 0 | 0 |
Securities | 0 | 0 |
Loans receivable, net of allowance for loan losses | 1,045,500 | 1,004,854 |
FHLB and FRB stock | 0 | 0 |
Accrued interest receivable | 5,015 | 3,889 |
Certificates of deposit | 0 | 0 |
Borrowings | 0 | $ 0 |
Subordinated Notes | $ 0 |
Note 9 - Revenue From Contrac_3
Note 9 - Revenue From Contracts With Customers (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 814,000 | $ 833,000 | $ 2,352,000 | $ 2,456,000 |
Credit and Debit Card [Member] | ||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 409,000 | $ 394,000 | $ 1,200,000 | $ 1,100,000 |
Note 9 - Revenue From Contrac_4
Note 9 - Revenue From Contracts With Customers - Noninterest Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | ||
Deposit service charges and fees | $ 814 | $ 833 | $ 2,352 | $ 2,456 | |
Loan servicing fees | [1] | 140 | 44 | 336 | 189 |
Mortgage brokerage and banking fees | [1] | 16 | 44 | 33 | 84 |
Earnings on bank-owned life insurance | [1] | 31 | 10 | 82 | 51 |
Other | [1] | 110 | 111 | 375 | 317 |
Total noninterest income | 1,374 | 1,264 | 4,058 | 3,825 | |
Deposit Account [Member] | |||||
Deposit service charges and fees | 814 | 833 | 2,352 | 2,456 | |
Bank Servicing [Member] | |||||
Deposit service charges and fees | $ 263 | $ 222 | $ 880 | $ 728 | |
[1] | Not within the scope of ASC 606 |