0001437749-22-004758 | 10-K | XBRL Viewer

Print Document View Excel Document

Consolidated Statements of Changes In Stockholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Repurchase and retirement of common stock (in shares)	1,541,280	508,699
Cash dividends declared on common stock (in dollars per share)	$ 0.40	$ 0.40

Note 8 - Deposits (Details Textual) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Time Deposits, at or Above FDIC Insurance Limit	$ 22.5	$ 30.7
Certificates of Deposit, at Carrying Value	$ 3.5	$ 7.2

Note 12 - Employee Benefit Plan (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation And Postretirement Benefits, Minimum Age Of Employee (Year)	21 years
Share Based Compensation And Postretirement Benefits, Period of Service Required For Eligibility (Year)	1 year
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	50.00%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	6.00%
Defined Contribution Plan, Cost	$ 345,000	$ 331,000

Consolidated Statements of Changes In Stockholders' Equity - 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	9,163	0	9,163
Other comprehensive loss, net of tax effect	0	0	0	(13)	(13)
Repurchase and retirement of common stock	(5)	(4,605)	0	0	(4,610)
Cash dividends declared on common stock	0	0	(5,982)	0	(5,982)
Balance at Dec. 31, 2020	148	107,815	64,754	213	172,930
Net income	0	0	7,410	0	7,410
Other comprehensive loss, net of tax effect	0	0	0	(133)	(133)
Repurchase and retirement of common stock	(16)	(17,106)	0	0	(17,122)
Cash dividends declared on common stock	0	0	(5,619)	0	(5,619)
Balance at Dec. 31, 2021	$ 132	$ 90,709	$ 66,545	$ 80	$ 157,466

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431353&loc=SL124442407-227067

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21463-112644

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32136-110900

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 55
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=124507222&loc=d3e1436-108581

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=124431353&loc=SL124442411-227067

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669625-108580

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

+ Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3000-108585

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=123454820&loc=SL4569616-111683

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 23: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669625-108580

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 29: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 31: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=120409616&loc=SL4591551-111686

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=120409616&loc=SL4591552-111686

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

+ Details

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-Section 55
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=122038336&loc=d3e74512-122707

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

+ Details

Note 13 - Loan Commitments and Other Off-balance-sheet Activities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Commitments to Extend Credit [Member]
Notional Or Contractual Credit Extension Commitments	$ 38,864	$ 31,131
Standby Letters of Credit [Member]
Notional Or Contractual Credit Extension Commitments	6,937	6,668
Unused lines of Credit [Member]
Notional Or Contractual Credit Extension Commitments	$ 184,343	$ 200,240

Note 2 - Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	*For the years ended December 31,*
	*2021*		*2020*
Net income available to common stockholders	$	7,410	$	9,163
Basic and diluted weighted average common shares outstanding		14,031,198		14,951,656
Basic and diluted earnings per common share	$	0.53	$	0.61

Note 4 - Loans Receivable - Loans Individually Evaluated for Impairment By Class (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Loan balance, with no allowance recorded	$ 1,880	$ 2,589
Recorded investment, with no allowance recorded	1,873	2,238
Partial charge-off, with no allowance recorded	7	363
Average investment in impaired loans, with no allowance recorded	1,989	2,376
Interest income recognized, with no allowance recorded	59	73
Allowance for loan losses	30	28
Loan balance	2,160	2,869
Recorded investment	2,170	2,534
Partial charge-off	14	363
Allowance for loan losses, individually evaluated for impairment	30	28
Average investment in impaired loans	2,285	2,665
Interest income recognized, with related allowance recorded		73
Recorded investment	2,170	2,534
Nonresidential Real Estate Loans [Member]
Interest income recognized, with no allowance recorded	0
Loan balance, with allowance recorded	280	280
Recorded investment, with allowance recorded	297	296
Partial charge-off, with allowance recorded	7	0
Allowance for loan losses	30	28
Average investment in impaired loans, with allowance recorded	296	289
Allowance for loan losses, individually evaluated for impairment	30	28
Recorded investment, with allowance recorded	297	296
Interest income recognized, with related allowance recorded		0
Real Estate Portfolio [Member] \| One-to-Four Family Residential Real Estate [Member]
Loan balance, with no allowance recorded	1,299	2,069
Recorded investment, with no allowance recorded	1,299	1,718
Partial charge-off, with no allowance recorded	0	363
Average investment in impaired loans, with no allowance recorded	1,473	1,782
Interest income recognized, with no allowance recorded	29	42
Allowance for loan losses	0	0
Allowance for loan losses, individually evaluated for impairment	0	0
Real Estate Portfolio [Member] \| Multi-family Mortgage [Member]
Allowance for loan losses	0	0
Allowance for loan losses, individually evaluated for impairment	0	0
Real Estate Portfolio [Member] \| Multi-family Mortgage [Member] \| ILLINOIS
Loan balance, with no allowance recorded	498
Recorded investment, with no allowance recorded	498
Average investment in impaired loans, with no allowance recorded	509
Interest income recognized, with no allowance recorded	30
Real Estate Portfolio [Member] \| Commercial leases [Member]
Loan balance, with no allowance recorded	83
Recorded investment, with no allowance recorded	76
Partial charge-off, with no allowance recorded	7
Average investment in impaired loans, with no allowance recorded	7
Interest income recognized, with no allowance recorded	0
Commercial Portfolio Segment [Member]
Allowance for loan losses	0	0
Allowance for loan losses, individually evaluated for impairment	$ 0	0
Commercial Portfolio Segment [Member] \| Other [Member]
Loan balance, with no allowance recorded		520
Recorded investment, with no allowance recorded		520
Partial charge-off, with no allowance recorded		0
Average investment in impaired loans, with no allowance recorded		594
Interest income recognized, with no allowance recorded		$ 31

Note 8 - Deposits - Scheduled Maturities of Certificates of Deposits (Details) $ in Thousands	Dec. 31, 2021 USD ($)
2022	$ 167,415
2023	29,819
2024	9,428
2025	211
2026	45
Time Deposits, Total	$ 206,918

Note 14 - Fair Value (Details Textual) - USD ($)	12 Months Ended
Note 14 - Fair Value (Details Textual) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Impaired Loans, Fair Value Disclosure	$ 297,000	$ 296,000
Impaired Loans, Valuation Allowance	30,000	28,000
Increase (Decrease) in Impaired Loans Valuation Allowance	2,000
Foreclosed Assets, Gross	952,000	0
Foreclosed Assets, Valuation Allowance	227,000	0	$ 0
Repossessed Assets, Total	725,000	157,000	$ 186,000
Foreclosed Assets Valuation Adjustments	(420,000)	$ (0)
Impaired Loans [Member]
Impaired Loans, Valuation Allowance	$ 28,000

Note 5 - Foreclosed Assets (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Other Real Estate Owned and Other Foreclosed Assets [Table Text Block]

	*December 31, 2021*							*December 31, 2020*
	*Balance*		*Valuation Allowance*			*Net OREO Balance*		*Balance*		*Valuation Allowance*		*Net OREO Balance*
Foreclosed assets - OREO	$	—	$	—		$	—	$	157	$	—	$	157

Other foreclosed assets		952		(227	)		725		—		—		—
	$	952	$	(227	)	$	725	$	157	$	—	$	157

Roll Forward of Foreclosed Assets [Table Text Block]

	*At and For the Years Ended December 31,*
	*2021*			*2020*
Beginning balance	$	157		$	186
New foreclosed properties		4,473			33
Capitalized improvements		—			47
Valuation adjustments		(420	)		—
Valuation reductions from sales		193			—
Sales		(3,678	)		(109	)
Ending balance	$	725		$	157

Foreclosed Assets, Valuation Allowance [Table Text Block]

	*At and For the Years Ended December 31,*
	*2021*			*2020*
Beginning balance	$	—		$	—
Additions charged to expense		420			—
Reductions from sales		(193	)		—
Ending balance	$	227		$	—

Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Jan. 01, 2019
Factored Receivable Unpaid Principal Balance	$ 187,000
Factored Receivable, Customer Reserves	122,000
Deferred Tax Assets, Net, Total	2,762,000	$ 2,741,000
Deferred Tax Assets, Valuation Allowance, Total	(0)	200,000
Other Assets [Member]
Operating Lease, Right-of-Use Asset	$ 4,877,000	5,075,000
Core Deposits [Member] \| Other Assets [Member]
Finite-Lived Intangible Assets, Net, Ending Balance		$ 7,000
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset			$ 6,700,000
Building and Building Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	25 years
Building and Building Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	40 years
Building [Member] \| Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years
Building [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	20 years
Furniture and Fixtures [Member] \| Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	5 years
Furniture and Fixtures [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	15 years
Computer Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	2 years
Computer Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	5 years
Automobiles [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	4 years

Note 7 - Leases - Future Minimum Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
2022	$ 1,294
2023	1,241
2024	656
2025	506
2026	495
Thereafter	1,722
Total future minimum operating lease payments	5,914
Amounts representing interest	(1,037)
Other Liabilities [Member]
Present value of net future minimum operating lease payments	$ 4,877	$ 5,075

Note 10 - Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Beginning of year	$ 277	$ 244
Additions based on tax positions related to the current year	34	61
Additions for tax positions of prior years	10	2
Reductions due to the statute of limitations and reductions for tax positions of prior years	(38)	(30)
End of year	$ 283	$ 277

Note 16 - Company Only Condensed Financial Information

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

NOTE 16 – COMPANY ONLY CONDENSED FINANCIAL INFORMATION

Condensed financial information of BankFinancial Corporation as of December 31, 2021 and 2020 and for the two years then ended are as follows:

Condensed Statements of Financial Condition

	*December 31,*
	*2021*		*2020*
Assets
Cash in subsidiary	$	8,211	$	10,996
Investment in subsidiary		166,856		161,678
Deferred tax asset		587		393
Other assets		1,502		658
	$	177,156	$	173,725
Liabilities and Stockholders' Equity
Subordinated notes, net of unamortized issuance costs	$	19,590	$	—
Accrued expenses and other liabilities		100		795
Total stockholders’ equity		157,466		172,930
	$	177,156	$	173,725

Condensed Statements of Operations

	*For the years ended December 31,*
	*2021*			*2020*
Dividends from subsidiary	$	3,500		$	13,713
Interest expense		567			—
Other expense		1,595			1,625
Income before income tax and undistributed subsidiary excess distributions		1,338			12,088
Income tax benefit		(761	)		(231	)
Income before equity in undistributed subsidiary excess distributions		2,099			12,319
Equity in undistributed subsidiary (excess distributions)		5,311			(3,156	)
Net income	$	7,410		$	9,163

Condensed Statements of Cash Flows

	*For the years ended December 31,*
	*2021*			*2020*
Cash flows from operating activities
Net income	$	7,410		$	9,163
Adjustments:
Amortization		31			—
Equity in undistributed subsidiary excess distributions		(5,311	)		3,156
Change in other assets		(1,038	)		1,622
Change in accrued expenses and other liabilities		(695	)		783
Net cash from operating activities		397			14,724
Cash flows used in financing activities
Proceeds from issuance of subordinated notes		20,000			—
Costs paid for issuance of subordinated notes		(441	)		—
Repurchase and retirement of common stock		(17,122	)		(4,610	)
Cash dividends paid on common stock		(5,619	)		(5,982	)
Net cash used in financing activities		(3,182	)		(10,592	)
Net change in cash in subsidiary		(2,785	)		4,132
Beginning cash in subsidiary		10,996			6,864
Ending cash in subsidiary	$	8,211		$	10,996

Note 15 - Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Disaggregation of Revenue [Table Text Block]

	*For the years ended December 31,*
	*2021*		*2020*
Deposit service charges and fees	$	3,184	$	3,196
Loan servicing fees ⁽¹⁾		731		552
Mortgage brokerage and banking fees ⁽¹⁾		35		98
Trust and insurance commissions and annuities income		1,136		961
Earnings on bank-owned life insurance ⁽¹⁾		114		70
Other ⁽¹⁾		489		489
Total noninterest income	$	5,689	$	5,366

Note 11 - Regulatory Matters (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]

	*Actual*					*Required for Capital Adequacy Purposes*
	*Amount*		*Ratio*			*Amount*		*Ratio*
December 31, 2021
Community Bank Leverage Ratio	$	165,599		9.91	%	$	142,091		8.50	%
December 31, 2020
Community Bank Leverage Ratio	$	160,236		10.10	%	$	126,964		8.00	%

Note 13 - Loan Commitments and Other Off-balance-sheet Activities (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2021 USD ($)
Commitments To Extend Credit, Duration Of Extension (Day)	60 days
Commitments to Extend Credit [Member]
Notional Or Contractual Credit, Extension Commitments, Fixed Interest Rate Loan	$ 14.1
Commitments to Extend Credit [Member] \| Minimum [Member]
Notional Or Contractual Credit Extension Commitments, Fixed Interest Rate	2.65%
Notional Or Contractual Credit Extension Commitments, Loan Maturity (Month)	20 months
Commitments to Extend Credit [Member] \| Maximum [Member]
Notional Or Contractual Credit Extension Commitments, Fixed Interest Rate	6.50%
Notional Or Contractual Credit Extension Commitments, Loan Maturity (Month)	5 years

Note 2 - Earnings Per Share

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 2 – EARNINGS PER SHARE

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.

	*For the years ended December 31,*
	*2021*		*2020*
Net income available to common stockholders	$	7,410	$	9,163
Basic and diluted weighted average common shares outstanding		14,031,198		14,951,656
Basic and diluted earnings per common share	$	0.53	$	0.61

Note 15 - Revenue from Contracts with Customers (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenue from Contract with Customer, Excluding Assessed Tax, Total	$ 3,184	$ 3,196
Credit and Debit Card [Member]
Revenue from Contract with Customer, Excluding Assessed Tax, Total	$ 1,600	$ 1,400

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Note 4 - Loans Receivable - Loans Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Loans receivable	$ 1,050,638	$ 1,009,958
Net deferred loan origination costs	284	371
Allowance for loan losses	(6,715)	(7,751)	$ (7,632)
Loans, net	1,044,207	1,002,578
Commercial Portfolio Segment [Member]
Loans receivable	489,512	405,057
Allowance for loan losses	(1,652)	(1,536)	(2,065)
Consumer Portfolio Segment [Member]
Loans receivable	1,685	1,812
Allowance for loan losses	(44)	(54)	(40)
One-to-Four Family Residential Real Estate [Member] \| Real Estate Portfolio [Member]
Loans receivable	30,133	41,691
Allowance for loan losses	(331)	(518)	(675)
Multi-family Mortgage [Member] \| Real Estate Portfolio [Member]
Loans receivable	426,136	452,241
Allowance for loan losses	(3,377)	(4,062)	(3,676)
Nonresidential Real Estate [Member] \| Real Estate Portfolio [Member]
Loans receivable	103,172	108,658
Allowance for loan losses	(1,311)	(1,569)	$ (1,176)
Construction and Land Loans [Member]
Loans receivable	0	499
Allowance for loan losses	$ 0	(12)
Construction and Land Loans [Member] \| Commercial Portfolio Segment [Member]
Loans receivable		$ 499

Note 14 - Fair Value - Carrying Amount and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Securities	$ 85,694	$ 23,829
Certificates of deposit	206,918	253,000
Fair Value, Inputs, Level 1 [Member]
Securities	76,553	0
Fair Value, Inputs, Level 2 [Member]
Securities	9,141	23,829
Fair Value, Inputs, Level 3 [Member]
Securities	0	0
Reported Value Measurement [Member]
Cash and cash equivalents	502,162	503,496
Securities	85,694	23,829
Loans receivable, net of allowance for loan losses	1,044,207	1,002,578
FHLB and FRB stock	7,490	7,490
Accrued interest receivable	4,648	3,941
Certificates of deposit	206,918	253,000
Borrowings	5,000	4,000
Subordinated Notes	19,590
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	502,162	503,496
Securities	85,694	23,829
Loans receivable, net of allowance for loan losses	1,039,298	1,004,854
Accrued interest receivable	4,723	3,941
Certificates of deposit	206,530	253,906
Borrowings	4,999	3,998
Subordinated Notes	20,240
Estimate of Fair Value Measurement [Member] \| Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	448,552	480,574
Securities	76,553	0
Loans receivable, net of allowance for loan losses	0	0
FHLB and FRB stock	0	0
Accrued interest receivable	75	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	53,610	22,922
Securities	9,141	23,829
Loans receivable, net of allowance for loan losses	0	0
FHLB and FRB stock	0	0
Accrued interest receivable	17	52
Certificates of deposit	206,530	253,906
Borrowings	4,999	3,998
Subordinated Notes	20,240
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	1,039,298	1,004,854
FHLB and FRB stock	0	0
Accrued interest receivable	4,631	3,889
Certificates of deposit	0	0
Borrowings	0	$ 0
Subordinated Notes	$ 0

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Net income	$ 7,410	$ 9,163
Unrealized holding loss on securities arising during the period	(182)	(18)
Tax effect	49	5
Comprehensive loss, net of tax	(133)	(13)
Comprehensive income	$ 7,277	$ 9,150

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

+ Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

+ Details

Note 10 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	*For the years ended December 31,*
	*2021*		*2020*
Current expense	$	2,320	$	2,460
Deferred expense		28		1,137
Total income tax expense	$	2,348	$	3,597

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	*For the years ended December 31,*
	*2021*			*2020*
Expense computed at the statutory federal tax rate	$	2,048		$	2,680
State and local taxes, net of federal income tax effect		504			720
Other, net		(4	)		(3	)
Valuation allowance for deferred tax assets		(200	)		200
	$	2,348		$	3,597
Effective income tax rate		24.07	%		28.18	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	*December 31,*
	*2021*			*2020*
Gross deferred tax assets
Allowance for loan losses	$	1,798		$	2,075
Alternative minimum tax and net operating loss carryforwards		3,938			3,999
Lease liability		1,306			1,358
Other		854			568
		7,896			8,000
Gross deferred tax liabilities
Net deferred loan origination costs		(808	)		(873	)
Purchase accounting adjustments		(1,516	)		(1,570	)
Right of use asset		(1,306	)		(1,358	)
Other		(1,475	)		(1,180	)
Unrealized gain on securities		(29	)		(78	)
		(5,134	)		(5,059	)
Valuation allowance		—			(200	)
	$	2,762		$	2,741

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	*December 31,*
	*2021*			*2020*
Beginning of year	$	277		$	244
Additions based on tax positions related to the current year		34			61
Additions for tax positions of prior years		10			2
Reductions due to the statute of limitations and reductions for tax positions of prior years		(38	)		(30	)
End of year	$	283		$	277

Note 3 - Securities (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

Available-for-Sale Securities	*Amortized Cost*		*Gross Unrealized Gains*		*Gross Unrealized Losses*			*Fair Value*
December 31, 2021
U.S. Treasury Notes	$	76,621	$	8	$	(76	)	$	76,553
Certificates of deposit		2,728		—		—			2,728
Mortgage-backed securities - residential		4,660		173		—			4,833
Collateralized mortgage obligations - residential		1,576		4		—			1,580
	$	85,585	$	185	$	(76	)	$	85,694
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]

	*December 31, 2021*
	*Amortized Cost*		*Fair Value*
Due in one year or less	$	2,728	$	2,728
Due after one year through five years		76,621		76,553
		79,349		79,281
Mortgage-backed securities - residential		4,660		4,833
Collateralized mortgage obligations - residential		1,576		1,580
	$	85,585	$	85,694

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, 2021
U.S. Treasury Notes		53	$	62,246	$	(76	)		—	$	—	$	—			53	$	62,246	$	(76	)

December 31, 2020
Collateralized mortgage obligations - residential		—	$	—	$	—			3	$	1,588	$	(1	)		3	$	1,588	$	(1	)

Note 15 - Revenue from Contracts with Customers

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

NOTE 15 — REVENUE FROM CONTRACTS WITH CUSTOMERS

All of the Company's revenue from contracts with customers in the scope of ASC 606 is recognized within noninterest income. The following table presents the Company's sources of noninterest income. Items outside of the scope of the ASC 606 are noted as such.

	*For the years ended December 31,*
	*2021*		*2020*
Deposit service charges and fees	$	3,184	$	3,196
Loan servicing fees ⁽¹⁾		731		552
Mortgage brokerage and banking fees ⁽¹⁾		35		98
Trust and insurance commissions and annuities income		1,136		961
Earnings on bank-owned life insurance ⁽¹⁾		114		70
Other ⁽¹⁾		489		489
Total noninterest income	$	5,689	$	5,366

(1)	Not within the scope of ASC 606

A description of the Company's revenue streams accounted for under ASC 606 follows:

Deposit service charges and fees: The Company earns fees from its deposit customers based on specific types of transactions, account maintenance and overdraft services. Transaction-based fees, which include services such as ATM use fees, stop payment charges, statement rendering, and ACH fees, are recognized at the time the transaction is executed as that is the point in time the Company fulfills the customer's request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer's account balance.

Interchange income: The Company earns interchange fees from debit cardholder transactions conducted through the Visa payment network. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder. Interchange income is included in deposit service charges and fees. Interchange income for the years ended December 31, 2021 and 2020 was $1.6 million and $1.4 million, respectively.

Trust and insurance commissions and annuities income: The Company earns trust, insurance commissions and annuities income from its contracts with trust customers to manage assets for investment, and/or to transact on their accounts. These fees are primarily earned over time as the Company provides the contracted monthly or quarterly services and are generally assessed based on a tiered scale of the market value of assets under management (AUM) at month-end. Fees that are transaction based, including trade execution services, are recognized at the point in time that the transaction is executed, i.e., the trade date. Other related services provided include fees the Company earns, which are based on a fixed fee schedule, are recognized when the services are rendered.

Gains/losses on sales of foreclosed assets and other assets: The Company records a gain or loss from the sale of foreclosed assets and other assets when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Company finances the sale of foreclosed assets to the buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the foreclosed assets asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Company adjusts the transaction price and related gain (loss) on sale if a significant financing component is present. Foreclosed assets sales for the years ended December 31, 2021 and 2020 were not financed by the Company.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

Note 14 - Fair Value - Quantitative Information for Financial Instruments on Non-recurring Basis (Details) - Fair Value, Nonrecurring [Member] $ in Thousands	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
One-to-Four Family Residential Real Estate [Member]
Foreclosed assets		$ 268
One-to-Four Family Residential Real Estate [Member] \| Fair Value, Inputs, Level 3 [Member]
Foreclosed assets		$ 268
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		0.220
Real Estate Portfolio [Member] \| Nonresidential Real Estate [Member]
Impaired loans - nonresidential real estate, fair value	$ 267
Real Estate Portfolio [Member] \| Nonresidential Real Estate [Member] \| Fair Value, Inputs, Level 3 [Member]
Impaired loans - nonresidential real estate, fair value	$ 267
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

Note 3 - Securities - Amortized Cost and Fair Value of Securities By Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Due in one year or less, amortized cost	$ 2,728
Due in one year or less, fair value	2,728
Due after one year through five years, amortized cost	76,621
Due after one year through five years	76,553
Amortized cost, single maturity date, amortized cost	79,349
Fair value, single maturity date	79,281
Amortized cost	85,585	$ 23,538
Fair value	85,694	23,829
Residential Mortgage Backed Securities [Member]
Amortized cost, without single maturity date, amortized cost	4,660
Fair value, without single maturity date	4,833
Amortized cost	4,660	5,826
Fair value	4,833	6,108
Collateralized Mortgage Backed Securities [Member]
Amortized cost, without single maturity date, amortized cost	1,576
Fair value, without single maturity date	1,580
Amortized cost	1,576	2,193
Fair value	$ 1,580	$ 2,195

Note 14 - Fair Value (Tables)

12 Months Ended

Dec. 31, 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*
December 31, 2021
Securities:
U.S. Treasury Notes	$	76,553	$	—	$	—	$	76,553
Certificates of deposit		—		2,728		—		2,728
Mortgage-backed securities – residential		—		4,833		—		4,833
Collateralized mortgage obligations – residential		—		1,580		—		1,580
	$	76,553	$	9,141	$	—	$	85,694

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*
December 31, 2021
Impaired loans	$	—	$	—	$	267	$	267

Foreclosed assets	$	—	$	—	$	725	$	725

December 31, 2020
Impaired loans	$	—	$	—	$	268	$	268

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

	*Fair Value*		*Valuation Technique*	*Unobservable Input*	*Range (Weighted Average)*
December 31, 2021
Impaired loans	$	267	Sales comparison	Discount applied to valuation		22.0	%

Foreclosed assets	$	725	Redemption value	Discount applied to valuation		15.6	%

December 31, 2020
Impaired loans	$	268	Sales comparison	Discount applied to valuation		22.0	%

Fair Value, by Balance Sheet Grouping [Table Text Block]

			*Fair Value Measurements at December 31, 2021 Using:*
	*Carrying Amount*		*Level 1*		*Level 2*		*Level 3*		*Total*
Financial assets
Cash and cash equivalents	$	502,162	$	448,552	$	53,610	$	—	$	502,162
Securities		85,694		76,553		9,141		—		85,694
Loans receivable, net of allowance for loan losses		1,044,207		—		—		1,039,298		1,039,298
FHLB and FRB stock		7,490		—		—		—		N/A
Accrued interest receivable		4,648		75		17		4,631		4,723
Financial liabilities
Certificates of deposit		206,918		—		206,530		—		206,530
Borrowings		5,000		—		4,999		—		4,999
Subordinated Notes		19,590		—		20,240		—		20,240

			*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	$	480,574	$	22,922	$	—	$	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 15 - Revenue from Contracts with Customers - Noninterest Income (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Deposit service charges and fees

$ 3,184

$ 3,196

Loan servicing fees

^[1]

731

552

Mortgage brokerage and banking fees

^[1]

Earnings on bank-owned life insurance

^[1]

114

Other

^[1]

489

Total noninterest income

5,689

5,366

Deposit Account [Member]

Deposit service charges and fees

3,184

3,196

Bank Servicing [Member]

Deposit service charges and fees

$ 1,136

$ 961

[1]	Not within the scope of ASC 606

- Definition

+ References

+ Details

Note 11 - Regulatory Matters

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Regulatory Capital Requirements under Banking Regulations [Text Block]

NOTE 11– REGULATORY MATTERS

The Bank is subject to regulatory capital requirements administered by the federal banking agencies. The capital adequacy guidelines and prompt corrective action regulations, involve the quantitative measurement of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. The failure to meet minimum capital requirements can result in regulatory actions. The final rules implementing Basel Committee on Banking Supervision's capital guidelines for U.S. banks (Basel III rules) became effective in 2015. The net unrealized gain or loss on available-for-sale securities is not included in computing regulatory capital.

In addition, as a result of the legislation, the federal banking agencies developed a “Community Bank Leverage Ratio” (the ratio of a bank’s tangible equity capital to average total consolidated assets) for financial institutions with assets of less than $10 billion. A “qualifying community bank” that exceeds this ratio will be deemed to be in compliance with all other capital and leverage requirements, including the capital requirements to be considered “well capitalized” under Prompt Corrective Action statutes. The federal banking agencies may consider a financial institution’s risk profile when evaluating whether it qualifies as a community bank for purposes of the capital ratio requirement. The federal banking agencies must set the minimum capital for the new Community Bank Leverage Ratio at not less than 8% and not more than 10%. Beginning in the second quarter 2020 and until the end of 2020, a banking organization that had a leverage ratio of 8% or greater and met certain other criteria could elect to use the Community Bank Leverage Ratio framework; and qualifying community banks will have until January 1, 2022, before the Community Bank Leverage Ratio requirement is re-established at greater than 9%. Pursuant to Section 4012 of the CARES Act and related interim final rules, the Community Bank Leverage Ratio is 8.5% for calendar year 2021, and 9% thereafter. A financial institution can elect to be subject to this new definition, and opt-out of this new definition, at any time. As a qualifying community bank, we elected to be subject to this definition beginning in the second quarter of 2020.

Prompt corrective action regulations provide five classifications: well-capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If only adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required.

The Company and the Bank have each adopted Regulatory Capital Policies that require the Bank to maintain a Tier 1 leverage ratio of at least 7.5% and a total risk-based capital ratio of at least 10.5%. The minimum capital ratios set forth in the Regulatory Capital Policies will be increased and other minimum capital requirements will be established if and as necessary. In accordance with the Regulatory Capital Policies, the Bank will not pursue any acquisition or growth opportunity, declare any dividend or conduct any stock repurchase that would cause the Bank's total risk-based capital ratio and/or its Tier 1 leverage ratio to fall below the established minimum capital levels or the capital levels required for capital adequacy plus the capital conservation buffer (“CCB”). The minimum CCB is 2.5%.

As of December 31, 2021, the Bank was well-capitalized, with all capital ratios exceeding the well-capitalized requirement. There are no conditions or events that management believes have changed the Bank’s prompt corrective action capitalization category.

The Bank is subject to regulatory restrictions on the amount of dividends it may declare and pay to the Company without prior regulatory approval, and to regulatory notification requirements for dividends that do not require prior regulatory approval.

The Bank's Community Bank Leverage Ratio was:

	*Actual*					*Required for Capital Adequacy Purposes*
	*Amount*		*Ratio*			*Amount*		*Ratio*
December 31, 2021
Community Bank Leverage Ratio	$	165,599		9.91	%	$	142,091		8.50	%
December 31, 2020
Community Bank Leverage Ratio	$	160,236		10.10	%	$	126,964		8.00	%

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References + Details

Note 5 - Foreclosed Assets - Activity in the Valuation Allowance (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Beginning balance	$ 0	$ 0
Additions charged to expense	420,000	0
Reductions from sales	(193,000)	0
Ending balance	$ 227,000	$ 0

Note 1 - Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation: BankFinancial Corporation, a Maryland corporation headquartered in Burr Ridge, Illinois, is the owner of all of the issued and outstanding capital stock of BankFinancial, National Association (the “Bank”). BankFinancial Corporation is a registered Bank Holding Company and its wholly-owned bank subsidiary is operating as BankFinancial, National Association.

Principles of Consolidation: The consolidated financial statements include the accounts of and transactions of BankFinancial Corporation, the Bank, and the Bank’s wholly-owned subsidiaries, Financial Assurance Services, Inc. and BFIN Asset Recovery Company, LLC (formerly BF Asset Recovery Corporation) (collectively, “the Company”) and have been prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”). All significant intercompany accounts and transactions have been eliminated. The Company’s revenues, operating income, and assets are primarily from the banking industry. To supplement loan originations, the Company purchases loans. The loan portfolio is concentrated in loans that are primarily secured by real estate.

Use of Estimates: The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Although these estimates and assumptions are based on the best available information, actual information, and actual results could differ from those estimates.

COVID-19: On March 11, 2020, the World Health Organization declared the outbreak of a novel coronavirus (“COVID-19”) as a global pandemic. The COVID-19 pandemic has adversely impacted, and could further adversely impact, a broad range of industries in which the Company’s customers operate and impair their ability to fulfill their financial obligations to the Company. On March 3, 2020, the Federal Open Market Committee reduced the target federal funds rate by 50 basis points to 1.00% to 1.25%. This rate was further reduced to a target range of 0% to 0.25% on March 16, 2020. This and other effects of the COVID-19 pandemic may continue to adversely affect the Company’s financial condition and results of operations. As a result of the COVID-19 pandemic, economic uncertainties have arisen which are likely to negatively impact net interest income and noninterest income. Other financial impacts could occur though such potential impact is unknown at this time.

Subsequent events: The Company has evaluated subsequent events for potential recognition and/or disclosures through the date the consolidated financial statements included in this Annual Report on Form 10-K were issued.

Interest-bearing Deposits in Other Financial Institutions: Interest-bearing deposits in other financial institutions maturing in less than 90 days are carried at cost.

Cash Flows: Cash and cash equivalents include cash, deposits with other financial institutions maturing in less than 90 days, and daily federal funds sold. Net cash flows are reported for customer loan and deposit transactions, interest bearing deposits in other financial institutions, borrowings, and advance payments by borrowers for taxes and insurance.

Securities: Debt securities are classified as available-for-sale when they might be sold before maturity. Securities available-for-sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income (loss), net of tax. Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are based on the amortized cost of the security sold. Declines in the fair value of securities below their cost that are other-than-temporary are reflected as realized losses. In determining if losses are other-than-temporary, management considers: (1) the length of time and extent that fair value has been less than cost or adjusted cost, as applicable, (2) the financial condition and near term prospects of the issuer, and (3) whether the Company has the intent to sell the debt security or it is more likely than not that the Company will be required to sell the debt security before the anticipated recovery.

Securities also include investments in certificates of deposit with maturities of greater than 90 days. These certificates of deposit are placed with insured institutions for varying maturities and amounts that are fully insured by the Federal Deposit Insurance Corporation (“FDIC”).

Federal Home Loan Bank (“FHLB”) Stock: The Bank is a member of the FHLB system. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income.

Federal Reserve Bank (“FRB”) Stock: The Bank is a member of its regional Federal Reserve Bank. FRB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income.

Loans and Loan Income: Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of the allowance for loan losses, premiums and discounts on loans purchased, and net deferred fees and loan costs. Interest income on loans is recognized in income over the term of the loan based on the amount of principal outstanding.

Premiums and discounts associated with loans purchased are amortized over the contractual term of the loan using the level–yield method. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments.

Interest income is reported on the interest method. Interest income is generally discontinued at the earlier of when a loan is 90 days past due or when we do not expect to receive full payment of interest or principal. Past due status is based on the contractual terms of the loan.

All interest accrued but not received for loans that have been placed on nonaccrual status is reversed against interest income. Interest received on such loans is accounted for on the cash–basis or cost–recovery method until qualifying for return to accrual status. Once a loan is placed on nonaccrual status, the borrower must generally demonstrate at least six months of payment performance before the loan is eligible to return to accrual status. Generally, the Company utilizes the “90 days delinquent, still accruing” category of loan classification when: (1) the loan is repaid in full shortly after the period end date; (2) the loan is well secured and there are no asserted or pending legal barriers to its collection; or (3) the borrower has remitted all scheduled payments and is otherwise in substantial compliance with the terms of the loan, but the processing of payments actually received or the renewal of a loan has not occurred for administrative reasons.

Factored Receivables: The Company purchases invoices from its factoring customers in schedules or batches. The face value of the invoices purchased or amount advanced is recorded by the Company as factored receivables, and the unadvanced portions of the invoices purchased, less fees, are considered customer reserves. The customer reserves are held to settle any payment disputes or collection shortfalls, may be used to pay customers’ obligations to various third parties as directed by the customer, are periodically released to or withdrawn by customers, and are reported as noninterest-bearing deposits in the Consolidated Statements of Financial Condition. The unpaid principal balances of these receivables were $187,000 at December 31, 2021 and are included in commercial loans and leases. The customer reserves associated with the factored receivables were $122,000 at December 31, 2021. There were no factored receivables as of December 31, 2020.

Factoring fees are recognized in interest income as incurred by the customer and deducted from the customer's reserve balances. Other factoring-related fees, which include wire transfer fees, broker fees, and other similar fees, are reported by the Company as loan servicing fees in noninterest income.

Impaired Loans: Impaired loans principally consist of nonaccrual loans and troubled debt restructurings (“TDRs”). A loan is considered impaired when, based on current information and events, management believes that it is probable that we will be unable to collect all amounts due (both principal and interest) according to the original contractual terms of the loan agreement. Once a loan is determined to be impaired, the amount of impairment is measured based on the loan's observable fair value, the fair value of the underlying collateral less selling costs if the loan is collateral-dependent, or the present value of expected future cash flows discounted at the loan's effective interest rate. If the measurement of the impaired loan is less than the recorded investment in the loan, the bank's allowance for the impaired collateral dependent loan under ASC 310-10-35 is based on fair value (less costs to sell), but the charge-off (the confirmed “loss”) is based on the appraised value. The remaining recorded investment in the loan after the charge-off will have a loan loss allowance for the amount by which the estimated fair value of the collateral (less costs to sell) is less than its appraised value.

Impaired loans with specific reserves are reviewed quarterly for any changes that would affect the specific reserve. Any impaired loan for which a determination has been made that the economic value is permanently reduced is charged-off against the allowance for loan losses to reflect its current economic value in the period in which the determination has been made.

At the time a collateral-dependent loan is initially determined to be impaired, we review the existing collateral appraisal. If the most recent appraisal is greater than a year old, a new appraisal is obtained on the underlying collateral. Appraisals are updated with a new independent appraisal at least annually and are formally reviewed by our internal appraisal department upon receipt of a new appraisal. All impaired loans and their related reserves are reviewed and updated each quarter.

Troubled Debt Restructurings: A loan is classified as a troubled debt restructuring when a borrower is experiencing financial difficulties that leads to a restructuring of the loan, and the Company grants concessions to the borrower in the restructuring that it would not otherwise consider. These concessions may include rate reductions, principal forgiveness, extension of maturity date and other actions intended to minimize potential losses.

In determining whether a debtor is experiencing financial difficulties, the Company considers if the debtor is in payment default or would be in payment default in the foreseeable future without the modification, the debtor declared or is in the process of declaring bankruptcy, there is substantial doubt that the debtor will continue as a going concern, the debtor has securities that have been or are in the process of being delisted, the debtor's entity-specific projected cash flows will not be sufficient to service any of its debt, or the debtor cannot obtain funds from sources other than the existing creditors at a market rate for debt with similar risk characteristics.

In determining whether the Company has granted a concession, the Company assesses, if it does not expect to collect all amounts due, whether the current value of the collateral will satisfy the amounts owed, whether additional collateral or guarantees from the debtor will serve as adequate compensation for other terms of the restructuring, and whether the debtor otherwise has access to funds at a market rate for debt with similar risk characteristics.

Periodically, the Company will restructure a note into two separate notes (A/B structure), charging off the entire B portion of the note. The A note is structured with appropriate loan-to-value and cash flow coverage ratios that provide for a high likelihood of repayment. The A note is classified as a nonperforming note until the borrower has displayed a historical payment performance for a reasonable time prior to and subsequent to the restructuring. A period of sustained repayment for at least six months generally is required to return the note to accrual status provided that management has determined that the performance is reasonably expected to continue. The A note will be classified as a restructured note (either performing or nonperforming) through the calendar year of the restructuring that the historical payment performance has been established.

Allowance for Loan Losses: The Company establishes provisions for loan losses, which are charged to the Company’s results of operations to maintain the allowance for loan losses to absorb probable incurred credit losses in the loan portfolio. In determining the level of the allowance for loan losses, the Company considers past and current loss experience, trends in classified loans, evaluations of real estate collateral, current economic conditions, volume and type of lending, adverse situations that may affect a borrower’s ability to repay a loan and the levels of nonperforming and other classified loans. The amount of the allowance is based on estimates and the ultimate losses may vary from the estimates as more information becomes available or events change.

The Company provides for loan losses based on the allowance method. Accordingly, all loan losses are charged to the related allowance and all recoveries are credited to it. Additions to the allowance for loan losses are provided by charges to income based on various factors that, in our judgment, deserve current recognition in estimating probable incurred credit losses. The Company reviews the loan portfolio on an ongoing basis and makes provisions for loan losses on a quarterly basis to maintain the allowance for loan losses in accordance with US GAAP. The allowance for loan losses consists of two components:

•

specific allowances established for any impaired residential non-owner occupied mortgage, multi-family mortgage, nonresidential real estate, construction and land, commercial, and commercial lease loans for which the recorded investment in the loan exceeds the measured value of the loan; and

•

general allowances for loan losses for each loan class based on historical loan loss experience; and adjustments to historical loss experience (general allowances), maintained to cover uncertainties that affect our estimate of probable incurred credit losses for each loan class.

The adjustments to historical loss experience are based on our evaluation of several factors, including levels of, and trends in, past due and classified loans; levels of, and trends in, charge–offs and recoveries; trends in volume and terms of loans, including any credit concentrations in the loan portfolio; experience and ability of lending management and other relevant staff; and national and local economic trends and conditions.

The Company evaluates the allowance for loan losses based upon the combined total of the specific and general components. Generally, when the loan portfolio increases, absent other factors, the allowance for loan loss methodology results in a higher dollar amount of estimated probable incurred credit losses than would be the case without the increase. Conversely, when the loan portfolio decreases, absent other factors, the allowance for loan loss methodology generally results in a lower dollar amount of estimated probable losses than would be the case without the decrease.

The loss ratio used in computing the required general loan loss reserve allowance for a given class of loan consists of (i) the actual loss ratio (measured on a weighted, rolling twelve-quarter basis), (ii) the change in credit quality within the specific loan class during the period, (iii) the actual inherent risk factor assigned to the specific loan class and (iv) the actual concentration of risk factor assigned to the specific loan class (collectively, the “Specific Loan Class Risk Factors”). The Specific Loan Class Risk Factors are weighted equally in the calculation. In addition, two additional quantitative factors, the National Economic risk factor and the Local Economic risk factor, are also components of the computation but are given different weightings in their computation due to their relative applicability to the specific loan class in the context of the effect of national and local economic conditions on their risk profile and performance.

Foreclosed Assets: Foreclosed assets are initially recorded at fair value less cost to sell when acquired, establishing a new cost basis. Physical possession of residential real estate property collateralizing a consumer mortgage loan occurs when the legal title is obtained upon completion of foreclosure or when the borrower conveys all interest in the property to satisfy the loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. These assets are subsequently accounted for at a lower of cost or fair value less estimated cost to sell. If fair value declines subsequent to foreclosure, a valuation allowance is recorded through expense. Operating expenses, gains and losses on disposition, and changes in the valuation allowance are reported in noninterest expense as operations of foreclosed assets.

Premises and Equipment: Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Depreciation is included in noninterest expense and is computed on the straight-line method over the estimated useful lives of the assets. Useful lives are estimated to be 25 to 40 years for buildings and improvements that extend the life of the original building, ten to 20 years for routine building improvements, five to 15 years for furniture and equipment, two to five years for computer hardware and software and no greater than four years on automobiles. The cost of maintenance and repairs is charged to expense as incurred and significant repairs are capitalized.

Lease Accounting: The Company adopted FASB ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”), including the adoption of the practical expedients, effective January 1, 2019. Leases (Topic 842) establishes a right of use model that requires a lessee to record a right of use (“ROU”) asset and a lease liability for all leases with terms longer than 12 months. The Company enters into operating leases in the normal course of business primarily for several of its branch and corporate locations. At adoption, January 1, 2019, the Company recorded assets and liabilities of $6.7 million as a result of recording additional lease contracts where the Company is lessee. The Company did not restate comparative periods.

Currently the Company is obligated under eight non-cancellable operating lease agreements for branch properties, commercial credit origination and customer service offices and its corporate office. The leases have varying terms, the longest of which will end in 2032. The Company's lease agreements include options to renew at the Company's discretion. The extensions are not reasonably certain to be exercised; therefore, they were not considered in the calculation of the ROU asset and lease liability. The Company has also elected not to recognize leases with original lease terms of 12 months or less (short-term leases) in the Company's Consolidated Statement of Financial Condition. The ROU assets are included in other assets and the lease obligations are included in other liabilities in the accompanying Consolidated Statements of Financial Condition.

Other Intangible Assets: Intangible assets acquired in a purchase business combination with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Core deposit intangible assets (“CDI”), are recognized at the time of acquisition based on valuations prepared by independent third parties or other estimates of fair value. In preparing such valuations, variables such as deposit servicing costs, attrition rates, and market discount rates are considered. CDI assets are amortized to expense over their useful lives. CDI were $7,000 at December 31, 2020, and fully amortized at December 31, 2021.

Bank-Owned Life Insurance: The Company has purchased life insurance policies on certain key executives. The Company owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement.

Long-Term Assets: Premises and equipment, right of use assets, core deposit and other intangible assets, and other long-term assets are reviewed for impairment when events indicate that their carrying amount may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value.

Loan Commitments and Related Financial Instruments: Financial instruments include off-balance-sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.

Income Taxes: Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Under US GAAP, a deferred tax asset valuation allowance is required to be recognized if it is “more likely than not” that the deferred tax asset will not be realized. The determination of the realizability of the deferred tax assets is highly subjective and dependent upon judgment concerning management’s evaluation of both positive and negative evidence, the forecasts of future taxable income, applicable tax planning strategies, and assessments of current and future economic and business conditions. The Company considers both positive and negative evidence regarding the ultimate realizability of our deferred tax assets. Examples of positive evidence may include the existence, if any, of taxes paid in available carry-back years and the likelihood that taxable income will be generated in future periods. Examples of negative evidence may include a cumulative loss in the current year and prior two years and negative general business and economic trends. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period of the enactment date.

This analysis is updated quarterly and adjusted as necessary. At December 31, 2021, the Company had a net deferred tax asset of $2.8 million. The net deferred tax asset was $2.7 million at December 31, 2020, net of a $200,000 valuation allowance against the Illinois net operating loss deduction carryforward.

A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, presuming that a tax examination will occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely to be realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded.

Retirement Plans: Employee 401(k) and profit sharing plan expense is the amount of matching contributions and any annual discretionary contribution made at the discretion of the Company’s Board of Directors.

Earnings per Common Share: Basic earnings per common share is net income divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is net income divided by the weighted average number of common shares outstanding during the period plus the dilutive effect of potential common shares.

Loss Contingencies: Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe that there are such matters that will have a material effect on the financial statements as of December 31, 2021.

Fair Values of Financial Instruments: Fair values of financial instruments are estimated using relevant market value information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates.

Comprehensive Income: Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses on securities, net of tax, which is also recognized as separate components of stockholders’ equity.

Transfers of Financial Assets: Transfers of financial assets are accounted for as sales when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.

Operating Segments: While management monitors the revenue streams of the various products and services, operations are managed and financial performance is evaluated on a Company-wide basis. Operating results are not reviewed by senior management to make resource allocation or performance decisions. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment.

Reclassifications: Certain reclassifications have been made in the prior year’s financial statements to conform to the current year’s presentation. Reclassifications had no effect on prior year net income or stockholders’ equity.

Newly Issued Not Yet Effective Accounting Standards

In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). These amendments require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. For SEC filers who are smaller reporting companies, ASU 2016-13 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022.

Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Consolidation, Policy [Policy Text Block]

Use of Estimates, Policy [Policy Text Block]

Use of Estimates: The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Although these estimates and assumptions are based on the best available information, actual information, and actual results could differ from those estimates.

Covid-19 [Policy Text Block]

COVID-19: On March 11, 2020, the World Health Organization declared the outbreak of a novel coronavirus (“COVID-19”) as a global pandemic. The COVID-19 pandemic has adversely impacted, and could further adversely impact, a broad range of industries in which the Company’s customers operate and impair their ability to fulfill their financial obligations to the Company. On March 3, 2020, the Federal Open Market Committee reduced the target federal funds rate by 50 basis points to 1.00% to 1.25%. This rate was further reduced to a target range of 0% to 0.25% on March 16, 2020. This and other effects of the COVID-19 pandemic may continue to adversely affect the Company’s financial condition and results of operations. As a result of the COVID-19 pandemic, economic uncertainties have arisen which are likely to negatively impact net interest income and noninterest income. Other financial impacts could occur though such potential impact is unknown at this time.

Subsequent Events, Policy [Policy Text Block]

Subsequent events: The Company has evaluated subsequent events for potential recognition and/or disclosures through the date the consolidated financial statements included in this Annual Report on Form 10-K were issued.

Interest-bearing Deposits in Other Financial Institutions [Policy Text Block]

Interest-bearing Deposits in Other Financial Institutions: Interest-bearing deposits in other financial institutions maturing in less than 90 days are carried at cost.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash Flows: Cash and cash equivalents include cash, deposits with other financial institutions maturing in less than 90 days, and daily federal funds sold. Net cash flows are reported for customer loan and deposit transactions, interest bearing deposits in other financial institutions, borrowings, and advance payments by borrowers for taxes and insurance.

Marketable Securities, Policy [Policy Text Block]

Securities: Debt securities are classified as available-for-sale when they might be sold before maturity. Securities available-for-sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income (loss), net of tax. Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are based on the amortized cost of the security sold. Declines in the fair value of securities below their cost that are other-than-temporary are reflected as realized losses. In determining if losses are other-than-temporary, management considers: (1) the length of time and extent that fair value has been less than cost or adjusted cost, as applicable, (2) the financial condition and near term prospects of the issuer, and (3) whether the Company has the intent to sell the debt security or it is more likely than not that the Company will be required to sell the debt security before the anticipated recovery.

Securities also include investments in certificates of deposit with maturities of greater than 90 days. These certificates of deposit are placed with insured institutions for varying maturities and amounts that are fully insured by the Federal Deposit Insurance Corporation (“FDIC”).

Federal Home Loan Bank Stock, Policy [Policy Text Block]

Federal Home Loan Bank (“FHLB”) Stock: The Bank is a member of the FHLB system. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income.

Federal Reserve Bank Stock, Policy [Policy Text Block]

Federal Reserve Bank (“FRB”) Stock: The Bank is a member of its regional Federal Reserve Bank. FRB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income.

Loans and Loan Income [Policy Text Block]

Loans and Loan Income: Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of the allowance for loan losses, premiums and discounts on loans purchased, and net deferred fees and loan costs. Interest income on loans is recognized in income over the term of the loan based on the amount of principal outstanding.

Premiums and discounts associated with loans purchased are amortized over the contractual term of the loan using the level–yield method. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments.

Interest income is reported on the interest method. Interest income is generally discontinued at the earlier of when a loan is 90 days past due or when we do not expect to receive full payment of interest or principal. Past due status is based on the contractual terms of the loan.

All interest accrued but not received for loans that have been placed on nonaccrual status is reversed against interest income. Interest received on such loans is accounted for on the cash–basis or cost–recovery method until qualifying for return to accrual status. Once a loan is placed on nonaccrual status, the borrower must generally demonstrate at least six months of payment performance before the loan is eligible to return to accrual status. Generally, the Company utilizes the “90 days delinquent, still accruing” category of loan classification when: (1) the loan is repaid in full shortly after the period end date; (2) the loan is well secured and there are no asserted or pending legal barriers to its collection; or (3) the borrower has remitted all scheduled payments and is otherwise in substantial compliance with the terms of the loan, but the processing of payments actually received or the renewal of a loan has not occurred for administrative reasons.

Factored Receivables: The Company purchases invoices from its factoring customers in schedules or batches. The face value of the invoices purchased or amount advanced is recorded by the Company as factored receivables, and the unadvanced portions of the invoices purchased, less fees, are considered customer reserves. The customer reserves are held to settle any payment disputes or collection shortfalls, may be used to pay customers’ obligations to various third parties as directed by the customer, are periodically released to or withdrawn by customers, and are reported as noninterest-bearing deposits in the Consolidated Statements of Financial Condition. The unpaid principal balances of these receivables were $187,000 at December 31, 2021 and are included in commercial loans and leases. The customer reserves associated with the factored receivables were $122,000 at December 31, 2021. There were no factored receivables as of December 31, 2020.

Factoring fees are recognized in interest income as incurred by the customer and deducted from the customer's reserve balances. Other factoring-related fees, which include wire transfer fees, broker fees, and other similar fees, are reported by the Company as loan servicing fees in noninterest income.

Loans and Leases Receivable, Nonperforming Loan and Lease, Policy [Policy Text Block]

Impaired Loans: Impaired loans principally consist of nonaccrual loans and troubled debt restructurings (“TDRs”). A loan is considered impaired when, based on current information and events, management believes that it is probable that we will be unable to collect all amounts due (both principal and interest) according to the original contractual terms of the loan agreement. Once a loan is determined to be impaired, the amount of impairment is measured based on the loan's observable fair value, the fair value of the underlying collateral less selling costs if the loan is collateral-dependent, or the present value of expected future cash flows discounted at the loan's effective interest rate. If the measurement of the impaired loan is less than the recorded investment in the loan, the bank's allowance for the impaired collateral dependent loan under ASC 310-10-35 is based on fair value (less costs to sell), but the charge-off (the confirmed “loss”) is based on the appraised value. The remaining recorded investment in the loan after the charge-off will have a loan loss allowance for the amount by which the estimated fair value of the collateral (less costs to sell) is less than its appraised value.

Impaired loans with specific reserves are reviewed quarterly for any changes that would affect the specific reserve. Any impaired loan for which a determination has been made that the economic value is permanently reduced is charged-off against the allowance for loan losses to reflect its current economic value in the period in which the determination has been made.

At the time a collateral-dependent loan is initially determined to be impaired, we review the existing collateral appraisal. If the most recent appraisal is greater than a year old, a new appraisal is obtained on the underlying collateral. Appraisals are updated with a new independent appraisal at least annually and are formally reviewed by our internal appraisal department upon receipt of a new appraisal. All impaired loans and their related reserves are reviewed and updated each quarter.

Troubled Debt Restructuring [Policy Text Block]

Troubled Debt Restructurings: A loan is classified as a troubled debt restructuring when a borrower is experiencing financial difficulties that leads to a restructuring of the loan, and the Company grants concessions to the borrower in the restructuring that it would not otherwise consider. These concessions may include rate reductions, principal forgiveness, extension of maturity date and other actions intended to minimize potential losses.

In determining whether a debtor is experiencing financial difficulties, the Company considers if the debtor is in payment default or would be in payment default in the foreseeable future without the modification, the debtor declared or is in the process of declaring bankruptcy, there is substantial doubt that the debtor will continue as a going concern, the debtor has securities that have been or are in the process of being delisted, the debtor's entity-specific projected cash flows will not be sufficient to service any of its debt, or the debtor cannot obtain funds from sources other than the existing creditors at a market rate for debt with similar risk characteristics.

In determining whether the Company has granted a concession, the Company assesses, if it does not expect to collect all amounts due, whether the current value of the collateral will satisfy the amounts owed, whether additional collateral or guarantees from the debtor will serve as adequate compensation for other terms of the restructuring, and whether the debtor otherwise has access to funds at a market rate for debt with similar risk characteristics.

Periodically, the Company will restructure a note into two separate notes (A/B structure), charging off the entire B portion of the note. The A note is structured with appropriate loan-to-value and cash flow coverage ratios that provide for a high likelihood of repayment. The A note is classified as a nonperforming note until the borrower has displayed a historical payment performance for a reasonable time prior to and subsequent to the restructuring. A period of sustained repayment for at least six months generally is required to return the note to accrual status provided that management has determined that the performance is reasonably expected to continue. The A note will be classified as a restructured note (either performing or nonperforming) through the calendar year of the restructuring that the historical payment performance has been established.

Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]

Allowance for Loan Losses: The Company establishes provisions for loan losses, which are charged to the Company’s results of operations to maintain the allowance for loan losses to absorb probable incurred credit losses in the loan portfolio. In determining the level of the allowance for loan losses, the Company considers past and current loss experience, trends in classified loans, evaluations of real estate collateral, current economic conditions, volume and type of lending, adverse situations that may affect a borrower’s ability to repay a loan and the levels of nonperforming and other classified loans. The amount of the allowance is based on estimates and the ultimate losses may vary from the estimates as more information becomes available or events change.

The Company provides for loan losses based on the allowance method. Accordingly, all loan losses are charged to the related allowance and all recoveries are credited to it. Additions to the allowance for loan losses are provided by charges to income based on various factors that, in our judgment, deserve current recognition in estimating probable incurred credit losses. The Company reviews the loan portfolio on an ongoing basis and makes provisions for loan losses on a quarterly basis to maintain the allowance for loan losses in accordance with US GAAP. The allowance for loan losses consists of two components:

•	specific allowances established for any impaired residential non-owner occupied mortgage, multi-family mortgage, nonresidential real estate, construction and land, commercial, and commercial lease loans for which the recorded investment in the loan exceeds the measured value of the loan; and

•	general allowances for loan losses for each loan class based on historical loan loss experience; and adjustments to historical loss experience (general allowances), maintained to cover uncertainties that affect our estimate of probable incurred credit losses for each loan class.

The adjustments to historical loss experience are based on our evaluation of several factors, including levels of, and trends in, past due and classified loans; levels of, and trends in, charge–offs and recoveries; trends in volume and terms of loans, including any credit concentrations in the loan portfolio; experience and ability of lending management and other relevant staff; and national and local economic trends and conditions.

The Company evaluates the allowance for loan losses based upon the combined total of the specific and general components. Generally, when the loan portfolio increases, absent other factors, the allowance for loan loss methodology results in a higher dollar amount of estimated probable incurred credit losses than would be the case without the increase. Conversely, when the loan portfolio decreases, absent other factors, the allowance for loan loss methodology generally results in a lower dollar amount of estimated probable losses than would be the case without the decrease.

The loss ratio used in computing the required general loan loss reserve allowance for a given class of loan consists of (i) the actual loss ratio (measured on a weighted, rolling twelve-quarter basis), (ii) the change in credit quality within the specific loan class during the period, (iii) the actual inherent risk factor assigned to the specific loan class and (iv) the actual concentration of risk factor assigned to the specific loan class (collectively, the “Specific Loan Class Risk Factors”). The Specific Loan Class Risk Factors are weighted equally in the calculation. In addition, two additional quantitative factors, the National Economic risk factor and the Local Economic risk factor, are also components of the computation but are given different weightings in their computation due to their relative applicability to the specific loan class in the context of the effect of national and local economic conditions on their risk profile and performance.

Financing Receivable, Real Estate Acquired Through Foreclosure [Policy Text Block]

Foreclosed Assets: Foreclosed assets are initially recorded at fair value less cost to sell when acquired, establishing a new cost basis. Physical possession of residential real estate property collateralizing a consumer mortgage loan occurs when the legal title is obtained upon completion of foreclosure or when the borrower conveys all interest in the property to satisfy the loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. These assets are subsequently accounted for at a lower of cost or fair value less estimated cost to sell. If fair value declines subsequent to foreclosure, a valuation allowance is recorded through expense. Operating expenses, gains and losses on disposition, and changes in the valuation allowance are reported in noninterest expense as operations of foreclosed assets.

Property, Plant and Equipment, Policy [Policy Text Block]

Premises and Equipment: Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Depreciation is included in noninterest expense and is computed on the straight-line method over the estimated useful lives of the assets. Useful lives are estimated to be 25 to 40 years for buildings and improvements that extend the life of the original building, ten to 20 years for routine building improvements, five to 15 years for furniture and equipment, two to five years for computer hardware and software and no greater than four years on automobiles. The cost of maintenance and repairs is charged to expense as incurred and significant repairs are capitalized.

Lessee, Leases [Policy Text Block]

Lease Accounting: The Company adopted FASB ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”), including the adoption of the practical expedients, effective January 1, 2019. Leases (Topic 842) establishes a right of use model that requires a lessee to record a right of use (“ROU”) asset and a lease liability for all leases with terms longer than 12 months. The Company enters into operating leases in the normal course of business primarily for several of its branch and corporate locations. At adoption, January 1, 2019, the Company recorded assets and liabilities of $6.7 million as a result of recording additional lease contracts where the Company is lessee. The Company did not restate comparative periods.

Currently the Company is obligated under eight non-cancellable operating lease agreements for branch properties, commercial credit origination and customer service offices and its corporate office. The leases have varying terms, the longest of which will end in 2032. The Company's lease agreements include options to renew at the Company's discretion. The extensions are not reasonably certain to be exercised; therefore, they were not considered in the calculation of the ROU asset and lease liability. The Company has also elected not to recognize leases with original lease terms of 12 months or less (short-term leases) in the Company's Consolidated Statement of Financial Condition. The ROU assets are included in other assets and the lease obligations are included in other liabilities in the accompanying Consolidated Statements of Financial Condition.

Goodwill and Intangible Assets, Policy [Policy Text Block]

Other Intangible Assets: Intangible assets acquired in a purchase business combination with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Core deposit intangible assets (“CDI”), are recognized at the time of acquisition based on valuations prepared by independent third parties or other estimates of fair value. In preparing such valuations, variables such as deposit servicing costs, attrition rates, and market discount rates are considered. CDI assets are amortized to expense over their useful lives. CDI were $7,000 at December 31, 2020, and fully amortized at December 31, 2021.

Life Insurance Corporate Or Bank Owned [Policy Text Block]

Bank-Owned Life Insurance: The Company has purchased life insurance policies on certain key executives. The Company owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement.

Impairment or Disposal of Long-Lived Assets, Including Goodwill and Intangible Assets, Policy [Policy Text Block]

Long-Term Assets: Premises and equipment, right of use assets, core deposit and other intangible assets, and other long-term assets are reviewed for impairment when events indicate that their carrying amount may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value.

Loan Commitments, Policy [Policy Text Block]

Loan Commitments and Related Financial Instruments: Financial instruments include off-balance-sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.

Income Tax, Policy [Policy Text Block]

Income Taxes: Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Under US GAAP, a deferred tax asset valuation allowance is required to be recognized if it is “more likely than not” that the deferred tax asset will not be realized. The determination of the realizability of the deferred tax assets is highly subjective and dependent upon judgment concerning management’s evaluation of both positive and negative evidence, the forecasts of future taxable income, applicable tax planning strategies, and assessments of current and future economic and business conditions. The Company considers both positive and negative evidence regarding the ultimate realizability of our deferred tax assets. Examples of positive evidence may include the existence, if any, of taxes paid in available carry-back years and the likelihood that taxable income will be generated in future periods. Examples of negative evidence may include a cumulative loss in the current year and prior two years and negative general business and economic trends. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period of the enactment date.

This analysis is updated quarterly and adjusted as necessary. At December 31, 2021, the Company had a net deferred tax asset of $2.8 million. The net deferred tax asset was $2.7 million at December 31, 2020, net of a $200,000 valuation allowance against the Illinois net operating loss deduction carryforward.

A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, presuming that a tax examination will occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely to be realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded.

Pension and Other Postretirement Plans, Policy [Policy Text Block]

Retirement Plans: Employee 401(k) and profit sharing plan expense is the amount of matching contributions and any annual discretionary contribution made at the discretion of the Company’s Board of Directors.

Earnings Per Share, Policy [Policy Text Block]

Earnings per Common Share: Basic earnings per common share is net income divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is net income divided by the weighted average number of common shares outstanding during the period plus the dilutive effect of potential common shares.

Commitments and Contingencies, Policy [Policy Text Block]

Loss Contingencies: Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe that there are such matters that will have a material effect on the financial statements as of December 31, 2021.

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Values of Financial Instruments: Fair values of financial instruments are estimated using relevant market value information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates.

Comprehensive Income, Policy [Policy Text Block]

Comprehensive Income: Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses on securities, net of tax, which is also recognized as separate components of stockholders’ equity.

Transfers and Servicing of Financial Assets, Policy [Policy Text Block]

Transfers of Financial Assets: Transfers of financial assets are accounted for as sales when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.

Segment Reporting, Policy [Policy Text Block]

Operating Segments: While management monitors the revenue streams of the various products and services, operations are managed and financial performance is evaluated on a Company-wide basis. Operating results are not reviewed by senior management to make resource allocation or performance decisions. Accordingly, all of the financial service operations are considered by management to be aggregated in one reportable operating segment.

Reclassification, Comparability Adjustment [Policy Text Block]

Reclassifications: Certain reclassifications have been made in the prior year’s financial statements to conform to the current year’s presentation. Reclassifications had no effect on prior year net income or stockholders’ equity.

New Accounting Pronouncements, Policy [Policy Text Block]

Newly Issued Not Yet Effective Accounting Standards

In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). These amendments require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. For SEC filers who are smaller reporting companies, ASU 2016-13 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022.

Note 4 - Loans Receivable - PPP activity (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Number of loans		30
Loans receivable	$ 1,050,638	$ 1,009,958
SBA CARES Act Paycheck Protection Program [Member]
Number of loans originated	238	315
Loan balance originations	$ 10,135	$ 11,160
Loan balance forgiven	$ 16,272	$ 980
Number of loans	76	290
Loans receivable	$ 4,043	$ 10,180

Note 7 - Leases (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Assets and Liabilities, Lessee [Table Text Block]

	*Statement of Financial Condition Location*	*December 31, 2021*			*December 31, 2020*
Operating Lease Right of Use Asset:
Gross carrying amount		$	6,805		$	6,694
New lease obligation			866			111
Accumulated amortization			(2,794	)		(1,730	)
Net recorded value	Other assets	$	4,877		$	5,075

Operating Lease Liabilities:
Right of use lease obligations	Other liabilities	$	4,877		$	5,075

Lease, Cost [Table Text Block]

	*For the year ended December 31, 2021*			*For the year ended December 31, 2020*
Lease cost:
Operating lease cost	$	1,064		$	882
Short-term lease cost		161			152
Sublease income		(38	)		(74	)
Total lease cost	$	1,187		$	960

Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,110		$	948

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Twelve months ended December 31,
2022	$	1,294
2023		1,241
2024		656
2025		506
2026		495
Thereafter		1,722
Total future minimum operating lease payments		5,914
Amounts representing interest		(1,037	)
Present value of net future minimum operating lease payments	$	4,877

Note 4 - Loans Receivable - Activity in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Beginning balance	$ 7,751	$ 7,632
(Recovery of) provision for loan losses	(1,240)	55
Loans charged off	(132)	(71)
Recoveries	336	135
Total ending allowance balance	6,715	7,751
Commercial Portfolio Segment [Member]
Beginning balance	1,536	2,065
(Recovery of) provision for loan losses	119	(533)
Loans charged off	(93)
Recoveries	90	4
Total ending allowance balance	1,652	1,536
Consumer Portfolio Segment [Member]
Beginning balance	54	40
(Recovery of) provision for loan losses	17	76
Loans charged off	(29)	(62)
Recoveries	2
Total ending allowance balance	44	54
Construction and Land Loans [Member]
Beginning balance	12
(Recovery of) provision for loan losses		12
Total ending allowance balance		12
One-to-Four Family Residential Real Estate [Member] \| Real Estate Portfolio [Member]
Beginning balance	518	675
(Recovery of) provision for loan losses	(395)	(185)
Loans charged off	(3)	(9)
Recoveries	211	37
Total ending allowance balance	331	518
Multi-family Mortgage [Member] \| Real Estate Portfolio [Member]
Beginning balance	4,062	3,676
(Recovery of) provision for loan losses	(718)	292
Recoveries	33	94
Total ending allowance balance	3,377	4,062
Nonresidential Real Estate [Member] \| Real Estate Portfolio [Member]
Beginning balance	1,569	1,176
(Recovery of) provision for loan losses	(251)	393
Loans charged off	(7)
Total ending allowance balance	1,311	1,569
Construction and Land Loans [Member]
Beginning balance	12
(Recovery of) provision for loan losses	(12)
Total ending allowance balance	$ 0	$ 12

Note 16 - Company Only Condensed Financial Information - Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Interest expense	$ 2,794	$ 6,988
Other expense	40,943	38,438
Income tax expense	2,348	3,597
Parent Company [Member]
Dividends from subsidiary	3,500	13,713
Interest expense	567	0
Other expense	1,595	1,625
Income before income tax and undistributed subsidiary excess distributions	1,338	12,088
Income tax expense	(761)	(231)
Income before equity in undistributed subsidiary excess distributions	2,099	12,319
Equity in undistributed subsidiary (excess distributions)	5,311	(3,156)
Net income	$ 7,410	$ 9,163

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669619-108580

Reference 25: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669625-108580

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

+ Details

Note 6 - Premises and Equipment

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE 6 – PREMISES AND EQUIPMENT

Year-end premises and equipment are as follows:

	*December 31,*
	*2021*			*2020*
Land and land improvements	$	12,261		$	11,989
Buildings and improvements		31,636			31,145
Furniture and equipment		10,249			10,111
Computer equipment		5,118			4,798
		59,264			58,043
Accumulated depreciation		(34,221	)		(33,368	)
	$	25,043		$	24,675

Depreciation of premises and equipment was $2.0 million and $1.7 million for the years ended December 31, 2021 and 2020, respectively.

Note 9 - Borrowings

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Debt Disclosure [Text Block]

NOTE 9 — BORROWINGS

	*December 31,*
	*2021*					*2020*
	*Contractual Rate*			*Amount*		*Contractual Rate*			*Amount*
Fixed-rate advance from FHLB, due May 9, 2022		—	%	$	5,000		—	%	$	4,000
Subordinated Notes, due May 15, 2031		3.75	%		19,590		—	%		—
Line of credit, due March 31, 2022		2.50	%		—		2.50	%		—

The Company maintains a collateral pledge agreement covering secured advances whereby the Company has agreed to keep on hand, free of all other pledges, liens, and encumbrances, specifically identified whole first mortgages on improved residential property not more than 90-days delinquent to secure advances from the FHLB. All of the Bank’s FHLB common stock is pledged as additional collateral for these advances. At December 31, 2021, $17.4 million and $296.8 million of first mortgage and multi-family mortgage loans, respectively, collateralized potential advances. At December 31, 2021, we had the ability to borrow an additional $274.8 million under our credit facilities with the FHLB. We also have the ability to pledge U.S. Treasury Notes of $75.0 million for FHLB advances. The Company also had available pre-approved overnight federal funds borrowing. At December 31, 2021 and 2020, there was no outstanding balance on these lines.

On April 14, 2021, the Company entered into Subordinated Note Purchase Agreements with certain qualified institutional buyers and accredited investors pursuant to which the Company sold and issued $20.0 million in aggregate principal amount of its 3.75% Fixed-to-Floating Rate Subordinated Notes due May 15, 2031 (the “Notes”).

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 December 31, 2021, there were $410,000 in remaining unamortized issuance costs and they are presented in the Company's financial statements as a reduction of the principal amount of the Notes.

The Notes bear interest at a fixed annual rate of 3.75%, from and including the date of issuance to May 14, 2026, payable semi-annually in arrears. From and including May 15, 2026 but excluding the maturity date or early redemption date, as applicable, the interest rate will reset quarterly to an interest rate per annum equal to Three-Month Term SOFR (as defined in the Notes) plus 299 basis points, payable quarterly in arrears. Under the conditions specified in the Notes, the interest rate accruing during the applicable floating rate period may be determined based on a rate other than Three-Month Term SOFR. The Notes have a stated maturity date of May 15, 2031 and are redeemable, in whole or in part, on May 15, 2026, on any interest payment date thereafter, and at any time upon the occurrence of certain events.

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 capital for regulatory capital purposes.

In 2020, the Company established a $5.0 million unsecured line of credit with a correspondent bank. Interest is payable at a rate of Prime Rate as published in the Wall Street Journal minus 0.75%, with a minimum rate of 2.40%. The line of credit has been extended since its original maturity date and the current maturity date is March 31, 2022. The line of credit had no outstanding balance at December 31, 2021 and 2020.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Note 4 - Loans Receivable (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	*December 31,*
	*2021*			*2020*
One-to-four family residential real estate	$	30,133		$	41,691
Multi-family mortgage		426,136			452,241
Nonresidential real estate		103,172			108,658
Construction and land		—			499
Commercial loans and leases		489,512			405,057
Consumer		1,685			1,812
		1,050,638			1,009,958
Net deferred loan origination costs		284			371
Allowance for loan losses		(6,715	)		(7,751	)
Loans, net	$	1,044,207		$	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*
December 31, 2021
One-to-four family residential real estate	$	—	$	331	$	331	$	1,299	$	28,834	$	30,133
Multi-family mortgage		—		3,377		3,377		498		425,638		426,136
Nonresidential real estate		30		1,281		1,311		297		102,875		103,172
Commercial loans and leases		—		1,652		1,652		76		489,436		489,512
Consumer		—		44		44		—		1,685		1,685
	$	30	$	6,685	$	6,715	$	2,170	$	1,048,468		1,050,638
Net deferred loan origination costs												284
Allowance for loan losses												(6,715	)
Loans, net											$	1,044,207

	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*
December 31, 2021
One-to-four family residential real estate	$	518	$	(395	)	$	(3	)	$	211	$	331
Multi-family mortgage		4,062		(718	)		—			33		3,377
Nonresidential real estate		1,569		(251	)		(7	)		—		1,311
Construction and land		12		(12	)		—			—		—
Commercial loans and leases		1,536		119			(93	)		90		1,652
Consumer		54		17			(29	)		2		44
	$	7,751	$	(1,240	)	$	(132	)	$	336	$	6,715

December 31, 2020
One-to-four family residential real estate	$	675	$	(185	)	$	(9	)	$	37	$	518
Multi-family mortgage		3,676		292			—			94		4,062
Nonresidential real estate		1,176		393			—			—		1,569
Construction and land		—		12			—			—		12
Commercial loans and leases		2,065		(533	)		—			4		1,536
Consumer		40		76			(62	)		—		54
	$	7,632	$	55		$	(71	)	$	135	$	7,751

Impaired Financing Receivables [Table Text Block]

	*Loan Balance*		*Recorded Investment*		*Partial Charge- off*		*Allowance for Loan Losses Allocated*		*Average Investment in Impaired Loans*		*Interest Income Recognized*
December 31, 2021
With no related allowance recorded
One-to-four family residential real estate	$	1,299	$	1,299	$	—	$	—	$	1,473	$	29
Multi-family mortgage - Illinois		498		498		—		—		509		30
Commercial leases		83		76		7		—		7		—
		1,880		1,873		7		—		1,989		59

With an allowance recorded - nonresidential real estate		280		297		7		30		296		—
	$	2,160	$	2,170	$	14	$	30	$	2,285	$	59


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*
December 31, 2021
One-to-four family residential real estate	$	367	$	367	$	—
Nonresidential real estate		280		297		—
Commercial loans		—		—		10
Equipment finance - other		83		76		—
	$	730	$	740	$	10
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*
December 31, 2021
One-to-four family residential real estate loans:
Owner occupied	$	181	$	250	$	367	$	798	$	23,333	$	24,131
Non-owner occupied		2		9		—		11		5,991		6,002
Multi-family mortgage:
Illinois		189		—		—		189		235,681		235,870
Other		—		—		—		—		190,266		190,266
Nonresidential real estate		—		—		297		297		102,875		103,172
Commercial loans and leases:
Commercial		—		—		—		—		67,995		67,995
Asset-based		26		6		10		42		19,358		19,400
Equipment finance:
Government		3,160		4,718		—		7,878		170,584		178,462
Investment-rated		290		1,201		—		1,491		81,135		82,626
Other		3,015		—		76		3,091		85,760		88,851
Middle market		—		—		—		—		40,582		40,582
Small ticket		—		—		—		—		11,596		11,596
Consumer		13		4		—		17		1,668		1,685
	$	6,876	$	6,188	$	750	$	13,814	$	1,036,824	$	1,050,638

	*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*
December 31, 2021
One-to-four family residential real estate loans:
Owner occupied	$	23,396	$	—	$	368	$	367	$	24,131
Non-owner occupied		5,894		—		108		—		6,002
Multi-family mortgage:
Illinois		235,545		325		—		—		235,870
Other		190,266		—		—		—		190,266
Nonresidential real estate		102,875		—		—		297		103,172
Commercial loans and leases:
Commercial		67,995		—		—		—		67,995
Asset-based		19,400		—		—		—		19,400
Equipment finance:
Government		178,427		35		—		—		178,462
Investment-rated		82,626		—		—		—		82,626
Other		87,685		1,090		—		76		88,851
Middle market		40,582		—		—		—		40,582
Small ticket		11,596		—		—		—		11,596
Consumer		1,675		4		6		—		1,685
	$	1,047,962	$	1,454	$	482	$	740	$	1,050,638

	*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]

			*Principal*		*Remaining Amounts*
	*Number of loans*		*Balance*		*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 years ended December 31,*
Paycheck Protection Program:	*2021*		*2020*
Number of loans originated		238		315
Loan balance originations	$	10,135	$	11,160
Loan balance forgiven	$	16,272	$	980

	*December 31, 2021*		*December 31, 2020*
Paycheck Protection Program loans
Number of loans		76		290
Loan balance	$	4,043	$	10,180

Note 4 - Loans Receivable

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 4 – LOANS RECEIVABLE

Loans receivable are as follows:

	*December 31,*
	*2021*			*2020*
One-to-four family residential real estate	$	30,133		$	41,691
Multi-family mortgage		426,136			452,241
Nonresidential real estate		103,172			108,658
Construction and land		—			499
Commercial loans and leases		489,512			405,057
Consumer		1,685			1,812
		1,050,638			1,009,958
Net deferred loan origination costs		284			371
Allowance for loan losses		(6,715	)		(7,751	)
Loans, net	$	1,044,207		$	1,002,578

Loan Origination/Risk Management. The Company has certain lending policies and procedures in place that are designed to maximize loan income within an acceptable level of risk. The Company reviews and approves these policies and procedures on a periodic basis. A reporting system supplements the review process by providing management with frequent reports related to loan production, loan quality, concentrations of credit, loan delinquencies and nonperforming and potential problem loans via trend and risk rating migration.

The Company originates multi-family mortgages, nonresidential real estate, commercial loans, commercial leases and equipment finance transactions, and a limited quantity of construction and land loans. We originated one-to-four family residential mortgage loans until December 31, 2017. We also occasionally purchase and sell loan participations. The following briefly describes our principal loan products.

Commercial Real Estate

The Company originates real estate loans principally secured by first liens, both non-owner occupied and owner-occupied commercial real estate. The non-owner occupied commercial real estate properties are predominantly multi-family apartment buildings, office buildings, light industrial buildings, shopping centers and mixed-use developments and, to a much lesser extent, more specialized properties such as nursing homes and other healthcare facilities.

Multi-family mortgage loans generally are secured by multi-family rental properties such as apartment buildings, including subsidized apartment units. In general, loan amounts range between $500,000 and $6.0 million at December 31, 2021. Approximately 45% of the collateral is located outside of our primary market area; however, we do not have a concentration in any single market in excess of 25% of our loan portfolio outside of our primary market area. In underwriting multi-family mortgage loans, the Company considers a number of factors, which include the projected net cash flow to the loan’s debt service requirement (generally requiring a minimum ratio of 120%), the age and condition of the collateral, the financial resources and income level of the borrower, the borrower’s experience in owning or managing similar properties and, proximity to diverse employment opportunities. Multi-family mortgage loans are generally originated in amounts up to 80% of the appraised value of the property securing the loan. Personal guarantees are usually obtained on multi-family mortgage loans if the borrower/property owner is a legal entity.

Loans secured by multi-family mortgages generally involve a greater degree of credit risk as a result of several factors, including the concentration of principal in a limited number of loans and borrowers, the effects of general economic conditions on income producing properties, and the increased difficulty of evaluating and monitoring these types of loans. Furthermore, the repayment of loans secured by multi-family mortgages typically depends upon the successful operation of the related real estate property. If the cash flow from the project is reduced below acceptable thresholds, the borrower’s ability to repay the loan may be impaired.

The Company emphasizes nonresidential real estate loans with initial principal balances between $500,000 and $6.0 million. Substantially all of our nonresidential real estate loans are secured by properties located in our primary market area. The Company’s nonresidential real estate loans are generally written as three- or five-year adjustable-rate mortgages or mortgages with balloon maturities of three or five years. Amortization on these loans is typically based on 20- to 30-year schedules. The Company also originates some 15-year fixed-rate, fully amortizing loans.

In the underwriting of nonresidential real estate loans, the Company generally lends up to 80% of the property’s appraised value. Decisions to lend are based on the economic viability of the property as the primary source of repayment and the creditworthiness of the borrower. In evaluating a proposed commercial real estate loan, we emphasize the ratio of the property’s projected net cash flow to the loan’s debt service requirement (generally requiring a minimum ratio of 120%), computed after deduction for a vacancy factor and property expenses we deem appropriate. Personal guarantees are usually pursued and obtained from nonresidential real estate borrowers. The Company requires title insurance insuring the priority of our lien on real estate collateral, fire and extended coverage casualty insurance, and, if appropriate, flood insurance, in order to protect our security interest in the underlying real property collateral.

Nonresidential real estate loans generally carry higher interest rates and have shorter terms and typically involve larger loan balances concentrated with single borrowers or groups of related borrowers. In addition, the payment of loans secured by income-producing properties typically depends on the successful operation of the related real estate project and thus may be subject to a greater extent to adverse conditions in the real estate market and in the general economy.

Construction and Land Loans

Although the Company does not actively originate construction and land loans presently, construction and land loans generally consist of land acquisition loans to help finance the purchase of land intended for further development, including single-family homes, multi-family housing and commercial income property, development loans to builders in our market area to finance improvements to real estate, consisting mostly of single-family subdivisions, typically to finance the cost of utilities, roads, sewers and other development costs.

Commercial Loans and Leases

The commercial loan and lease category includes all commercial credit facilities extended for the purpose of financing working capital or operating assets, including Equipment Finance, Commercial Finance and Community Finance exposures. In general, commercial credit decisions are based upon our assessment of the borrower’s cash flow, proposed collateral, business and credit history and any additional positive or negative credit risk factors, such as personal or corporate guarantors. In addition to evaluating the borrower’s financial condition, we consider the adequacy of the primary and secondary sources of repayment for the loan. Independent reports of the borrower’s credit history supplement our analysis of the borrower’s creditworthiness and at times may be supplemented with trade credit reports or verifications of credit or assets. We review proposed collateral for a secured transaction to determine its use in business operations, and its potential value as a secondary source of repayment. Where applicable, we evaluate personal or corporate guarantors’ financial capacity and credit history as a tertiary source of repayment. Commercial business loans generally have higher interest rates because they have a higher risk of default since their repayment generally depends on the successful operation of the borrower’s business and the sufficiency of any collateral. Pricing of commercial loans is based primarily on the overall credit risk of the credit exposure, with due consideration given to borrowers with appropriate deposit relationships.

Equipment Finance

The Company lends money for equipment and software finance transactions (collectively, “equipment finance transactions”) on a national basis. The Company originates equipment finance transactions through equipment leasing companies, banks, vendors and other market sources. Generally, equipment finance transactions are secured by an assignment of the payments due under the obligation and by a security interest in the assets financed. In most cases, the obligor acknowledges our security interest in the assets financed and agrees to send all payments directly to us or to a third-party paying agency. Consequently, the Company underwrites equipment finance transactions by examining the creditworthiness of the obligor and any surety, and the purpose, use and value of the assets financed for collateral purposes. Equipment finance transactions are generally non-recourse to the originating company.

Generally, the Company’s equipment finance transactions are secured primarily by technology equipment, medical equipment, material handling equipment and other capital equipment; however, licenses for software essential for the operation of financed equipment, or to the operations of the obligor, are also eligible for financing. The Company conducts equipment finance transactions for the U.S. Government, state and local governments, publicly-traded companies with and without public debt ratings, privately-held companies, and small businesses. Generally, equipment finance transactions have a maximum maturity of five years, repaid on a fully-amortizing basis. The maximum outstanding credit exposure to any Equipment Finance obligor is less than $10 million, except for investment-grade corporate obligors and the U.S. Government; however, the average amount of an Equipment Finance transaction was $1.1 million at December 31, 2021.

Commercial Finance

The Company lends money to finance small- and medium-size businesses for working capital purposes on a national basis. The Company offers traditional commercial lines of credit, asset-based lines of credit and accounts receivable factoring to companies in manufacturing, distribution/logistics, health care and professional services sectors, including contractors of the U.S. Government; however, not all types of Commercial Finance credit facilities are presently available to all business sectors. Commercial finance borrowers are typically subject to more stringent liquidity and collateral underwriting, and ongoing credit monitoring practices, than traditional commercial bank credit borrowers. Generally, commercial finance transactions have a maximum maturity of two years. The maximum outstanding credit commitment to any Commercial Finance borrower is $15 million for transactions secured by health-care receivables or contract payments due from the U.S. Government; however, the average commercial finance credit commitment was $1.1 million at December 31, 2021.

Community Finance

The Company makes various types of secured and unsecured commercial loans to for-profit, not-for-profit and local government borrowers in our primary market area for the purpose of financing equipment acquisition, expansion, working capital and other general business purposes. The terms of these loans generally range from less than one year to five years. The loans are either negotiated on a fixed-rate basis or carry adjustable interest rates indexed to (i) a lending rate that is determined internally, or (ii) a short-term market rate index.

The following tables present the balance in the allowance for loan losses and the 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*
December 31, 2021
One-to-four family residential real estate	$	—	$	331	$	331	$	1,299	$	28,834	$	30,133
Multi-family mortgage		—		3,377		3,377		498		425,638		426,136
Nonresidential real estate		30		1,281		1,311		297		102,875		103,172
Commercial loans and leases		—		1,652		1,652		76		489,436		489,512
Consumer		—		44		44		—		1,685		1,685
	$	30	$	6,685	$	6,715	$	2,170	$	1,048,468		1,050,638
Net deferred loan origination costs												284
Allowance for loan losses												(6,715	)
Loans, net											$	1,044,207

	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 presents 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*
December 31, 2021
One-to-four family residential real estate	$	518	$	(395	)	$	(3	)	$	211	$	331
Multi-family mortgage		4,062		(718	)		—			33		3,377
Nonresidential real estate		1,569		(251	)		(7	)		—		1,311
Construction and land		12		(12	)		—			—		—
Commercial loans and leases		1,536		119			(93	)		90		1,652
Consumer		54		17			(29	)		2		44
	$	7,751	$	(1,240	)	$	(132	)	$	336	$	6,715

December 31, 2020
One-to-four family residential real estate	$	675	$	(185	)	$	(9	)	$	37	$	518
Multi-family mortgage		3,676		292			—			94		4,062
Nonresidential real estate		1,176		393			—			—		1,569
Construction and land		—		12			—			—		12
Commercial loans and leases		2,065		(533	)		—			4		1,536
Consumer		40		76			(62	)		—		54
	$	7,632	$	55		$	(71	)	$	135	$	7,751

Impaired loans

The following tables present loans individually evaluated for impairment by class of loans:

	*Loan Balance*		*Recorded Investment*		*Partial Charge- off*		*Allowance for Loan Losses Allocated*		*Average Investment in Impaired Loans*		*Interest Income Recognized*
December 31, 2021
With no related allowance recorded
One-to-four family residential real estate	$	1,299	$	1,299	$	—	$	—	$	1,473	$	29
Multi-family mortgage - Illinois		498		498		—		—		509		30
Commercial leases		83		76		7		—		7		—
		1,880		1,873		7		—		1,989		59

With an allowance recorded - nonresidential real estate		280		297		7		30		296		—
	$	2,160	$	2,170	$	14	$	30	$	2,285	$	59


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 days or more past due still on accrual by class of loans:

	*Loan Balance*		*Recorded Investment*		*Loans Past Due Over 90 Days, still accruing*
December 31, 2021
One-to-four family residential real estate	$	367	$	367	$	—
Nonresidential real estate		280		297		—
Commercial loans		—		—		10
Equipment finance - other		83		76		—
	$	730	$	740	$	10
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 be included in both categories, and some may only be included in one category. Nonaccrual loans include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans.

The Company’s reserve for uncollected loan interest was $140,000 and $133,000 at December 31, 2021 and 2020, respectively. When a loan is on non-accrual status and the ultimate collectability of the total principal of an impaired loan is in doubt, all payments are applied to principal under the cost recovery method. Alternatively, when a loan is on non-accrual status but there is doubt concerning only the ultimate collectability of interest, contractual interest is credited to interest income only when received, under the cash basis method pursuant to the provisions of FASB ASC 310–10, as applicable. In all cases, the average balances are calculated based on the month–end balances of the financing receivables within the period reported pursuant to the provisions of FASB ASC 310–10, as applicable.

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*
December 31, 2021
One-to-four family residential real estate loans:
Owner occupied	$	181	$	250	$	367	$	798	$	23,333	$	24,131
Non-owner occupied		2		9		—		11		5,991		6,002
Multi-family mortgage:
Illinois		189		—		—		189		235,681		235,870
Other		—		—		—		—		190,266		190,266
Nonresidential real estate		—		—		297		297		102,875		103,172
Commercial loans and leases:
Commercial		—		—		—		—		67,995		67,995
Asset-based		26		6		10		42		19,358		19,400
Equipment finance:
Government		3,160		4,718		—		7,878		170,584		178,462
Investment-rated		290		1,201		—		1,491		81,135		82,626
Other		3,015		—		76		3,091		85,760		88,851
Middle market		—		—		—		—		40,582		40,582
Small ticket		—		—		—		—		11,596		11,596
Consumer		13		4		—		17		1,668		1,685
	$	6,876	$	6,188	$	750	$	13,814	$	1,036,824	$	1,050,638

	*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

In response to the COVID-19 pandemic, the Coronavirus Aid, Relief and Economic Security Act ("CARES Act") was passed by Congress and signed into law on March 27, 2020. The CARES Act established the Paycheck Protection Program ("PPP"), designed to provide a direct incentive for small businesses to keep their workers on the payroll. Under the most recently published guidance, the U.S. Small Business Administration ("SBA") will forgive PPP loans if all employee retention criteria are met, and the funds are used for eligible expenses.

The following table presents the PPP activity:

	*For the years ended December 31,*
Paycheck Protection Program:	*2021*		*2020*
Number of loans originated		238		315
Loan balance originations	$	10,135	$	11,160
Loan balance forgiven	$	16,272	$	980

	*December 31, 2021*		*December 31, 2020*
Paycheck Protection Program loans
Number of loans		76		290
Loan balance	$	4,043	$	10,180

COVID-19 Loan Forbearance Programs

Section 4013 of the CARES Act provides that a qualified loan modification is exempt by law from classification as a Troubled Debt Restructuring ("TDR") pursuant to US GAAP. In addition, the Revised Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working With Customers Affected by the Coronavirus (“OCC Bulletin 2020-50”) provides more limited circumstances in which a loan modification is not subject to classification as a TDR and also defined the circumstances where the borrower’s loan is reported as current on loan payments. Pursuant to these new capabilities, we developed several loan forbearance programs to assist borrowers with managing cash flows disrupted due to COVID-19.

Our Apartment and Commercial Real Estate COVID-19 Qualified Limited Forbearance Agreement permitted borrowers who qualified under Section 4013 of the CARES Act to make an election to pay scheduled interest and escrow payments (if applicable) for a four-month period beginning in April 2020, and pay all deferred principal payments by December 2020.

Our Small Investment Property COVID-19 Qualified Limited Forbearance Agreement permitted borrowers with loan balances under $750,000 who qualified under Section 4013 of the CARES Act to make an election to pay scheduled interest and escrow payments (if applicable) for a four-month period beginning in April 2020, and pay all deferred principal payments by December 2020. In addition, the borrower could elect to defer the May 2020 loan payment entirely, with all deferred interest amounts due by December 2020 and all deferred principal amounts due by June 30, 2021.

CARES Act Section 4013 and OCC Bulletin 2020- 35 forbearance agreements were available to qualified commercial loan and commercial finance borrowers, and to commercial equipment lessees.

For residential mortgage and consumer loans, relief under CARES Act Section 4013 or OCC Bulletin 2020-35 forbearance agreements were available to qualified borrowers with terms consistent with secondary residential mortgage market standards established by Fannie Mae.

Per the terms of the COVID-19 loan forbearance modifications program, all loan deferrals were paid in full as of June 30, 2021.

The following table summarizes the remaining loan forbearance modifications at December 31, 2020:

			*Principal*		*Remaining Amounts*
	*Number of loans*		*Balance*		*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 qualified under Section 4013 of the CARES Act or under OCC Bulletin 2020-35 in accordance with FASB ASC 340-10 with respect to the classification of the loan as a TDR.

Under ASC 340-10, if the Company grants a loan extension or modification to a borrower experiencing financial difficulties for other than an insignificant period of time that includes a below–market interest rate, principal forgiveness, payment forbearance or other concession intended to minimize the economic loss to the Company, the loan extension or loan modification is classified as a TDR. In cases where borrowers are granted new terms that provide for a reduction of either interest or principal then due and payable, management measures any impairment on the restructured loan in the same manner as for impaired loans as noted above.

The Company had no TDRs at December 31, 2021 and 2020. During the years ending December 31, 2021 and 2020, there were no loans modified and classified as TDRs. During the years ending December 31, 2021 and 2020, there were no TDR loans that subsequently defaulted within twelve months of their modification.

A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms.

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. A Special Mention asset has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the institution’s credit position at some future date. Special Mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification.

Substandard. Loans categorized as substandard continue to accrue interest, but exhibit a well-defined weakness or weaknesses that may jeopardize the liquidation of the debt. The loans continue to accrue interest because they are well secured and collection of principal and interest is expected within a reasonable time. The risk rating guidance published by the Office of the Comptroller of the Currency clarifies that a loan with a well-defined weakness does not have to present a probability of default for the loan to be rated Substandard, and that an individual loan’s loss potential does not have to be distinct for the loan to be rated Substandard.

Nonaccrual. An asset classified Nonaccrual has all the weaknesses inherent in one classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered “Pass” rated loans.

Based on the most recent analysis performed, the risk category of loans by class of loans are as follows:

	*Pass*		*Special Mention*		*Substandard*		*Nonaccrual*		*Total*
December 31, 2021
One-to-four family residential real estate loans:
Owner occupied	$	23,396	$	—	$	368	$	367	$	24,131
Non-owner occupied		5,894		—		108		—		6,002
Multi-family mortgage:
Illinois		235,545		325		—		—		235,870
Other		190,266		—		—		—		190,266
Nonresidential real estate		102,875		—		—		297		103,172
Commercial loans and leases:
Commercial		67,995		—		—		—		67,995
Asset-based		19,400		—		—		—		19,400
Equipment finance:
Government		178,427		35		—		—		178,462
Investment-rated		82,626		—		—		—		82,626
Other		87,685		1,090		—		76		88,851
Middle market		40,582		—		—		—		40,582
Small ticket		11,596		—		—		—		11,596
Consumer		1,675		4		6		—		1,685
	$	1,047,962	$	1,454	$	482	$	740	$	1,050,638

	*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

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Foreclosed Assets [Text Block]

NOTE 5 - FORECLOSED ASSETS

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.

	*December 31, 2021*							*December 31, 2020*
	*Balance*		*Valuation Allowance*			*Net OREO Balance*		*Balance*		*Valuation Allowance*		*Net OREO Balance*
Foreclosed assets - OREO	$	—	$	—		$	—	$	157	$	—	$	157

Other foreclosed assets		952		(227	)		725		—		—		—
	$	952	$	(227	)	$	725	$	157	$	—	$	157

The following represents the roll forward of foreclosed assets:

	*At and For the Years Ended December 31,*
	*2021*			*2020*
Beginning balance	$	157		$	186
New foreclosed properties		4,473			33
Capitalized improvements		—			47
Valuation adjustments		(420	)		—
Valuation reductions from sales		193			—
Sales		(3,678	)		(109	)
Ending balance	$	725		$	157

Activity in the valuation allowance is as follows:

	*At and For the Years Ended December 31,*
	*2021*			*2020*
Beginning balance	$	—		$	—
Additions charged to expense		420			—
Reductions from sales		(193	)		—
Ending balance	$	227		$	—

At December 31, 2021 and 2020, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process was $73,000 and $187,000, respectively. At December 31, 2021, other foreclosed assets consisted of non real estate collateral repossessed related to a previously classified Chicago area commercial loan. At December 31, 2020, the balance of OREO includes no foreclosed residential real estate properties recorded as a result of obtaining physical possession of the property without title.

Note 10 - Income Taxes - A Reconciliation of the Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Expense computed at the statutory federal tax rate	$ 2,048	$ 2,680
State and local taxes, net of federal income tax effect	504	720
Other, net	(4)	(3)
Valuation allowance for deferred tax assets	(200)	200
Total income tax expense	$ 2,348	$ 3,597
Effective income tax rate	24.07%	28.18%

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Consolidated Statements of Financial Condition - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and due from other financial institutions	$ 9,095,000	$ 14,115,000
Interest-bearing deposits in other financial institutions	493,067,000	489,381,000
Cash and cash equivalents	502,162,000	503,496,000
Securities, at fair value	85,694,000	23,829,000
Loans receivable, net of allowance for loan losses: December 31, 2021, $6,715 and December 31, 2020, $7,751	1,044,207,000	1,002,578,000
Foreclosed assets, net	725,000	157,000
Stock in Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB"), at cost	7,490,000	7,490,000
Premises and equipment, net	25,043,000	24,675,000
Accrued interest receivable	4,648,000	3,941,000
Bank-owned life insurance	19,129,000	19,015,000
Deferred taxes	2,762,000	2,741,000
Other assets	8,822,000	8,920,000
Total assets	1,700,682,000	1,596,842,000
Liabilities
Noninterest-bearing	342,176,000	326,188,000
Interest-bearing	1,146,255,000	1,067,356,000
Total deposits	1,488,431,000	1,393,544,000
Borrowings	5,000,000	4,000,000
Subordinated notes, net of unamortized issuance costs	19,590,000	0
Advance payments by borrowers for taxes and insurance	7,993,000	8,670,000
Accrued interest payable and other liabilities	22,202,000	17,698,000
Total liabilities	1,543,216,000	1,423,912,000
Commitments and contingent liabilities
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; 13,228,485 shares issued at December 31, 2021 and 14,769,765 shares issued at December 31, 2020	132,000	148,000
Additional paid-in capital	90,709,000	107,815,000
Retained earnings	66,545,000	64,754,000
Accumulated other comprehensive income	80,000	213,000
Total stockholders’ equity	157,466,000	172,930,000
Total liabilities and stockholders’ equity	$ 1,700,682,000	$ 1,596,842,000

Note 10 - Income Taxes - Schedule of Deferred Tax Assets, Net (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Allowance for loan losses	$ 1,798,000	$ 2,075,000
Alternative minimum tax and net operating loss carryforwards	3,938,000	3,999,000
Lease liability	1,306,000	1,358,000
Other	854,000	568,000
Deferred Tax Assets, Gross, Total	7,896,000	8,000,000
Net deferred loan origination costs	(808,000)	(873,000)
Purchase accounting adjustments	(1,516,000)	(1,570,000)
Right of use asset	(1,306,000)	(1,358,000)
Other	(1,475,000)	(1,180,000)
Unrealized gain on securities	(29,000)	(78,000)
Deferred Tax Liabilities, Gross, Total	(5,134,000)	(5,059,000)
Valuation allowance	0	(200,000)
Deferred Tax Assets, Net, Total	$ 2,762,000	$ 2,741,000

Note 4 - Loans Receivable - COVID Loan Forbearance Program (Details) $ in Thousands	Dec. 31, 2020 USD ($)
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 6 - Premises and Equipment (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Depreciation, Total	$ 2.0	$ 1.7

Note 7 - Leases - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Operating lease cost	$ 1,064	$ 882
Short-term lease cost	161	152
Sublease income	(38)	(74)
Total lease cost	1,187	960
Operating cash flows from operating leases	$ 1,110	$ 948

Consolidated Statements of Financial Condition (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Allowance for loan losses	$ 6,715	$ 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)	13,228,485	14,769,765

Note 10 - Income Taxes (Details Textual) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Bad Debt Reserve for Tax Purposes of Qualified Lender	$ 14,900,000	$ 14,900,000
Deferred Tax Assets, Net, Total	2,762,000	2,741,000
Operating Loss Carryforwards, Total		160,236
Tax Credit Carryforwards, Alternative Minimum Tax, Not Subject to Expiration	225,000
State and Local Jurisdiction [Member]
Operating Loss Carryforwards, Total	44,500,000
State and Local Jurisdiction [Member] \| Illinois Department of Revenue [Member]
Tax Credit Carryforward, Valuation Allowance	0	$ 200,000
Domestic Tax Authority [Member]
Operating Loss Carryforwards, Total	$ 7,000,000.0

Consolidated Statements of Operations - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Interest and dividend income

Loans, including fees

$ 45,188

$ 50,467

Securities

232

854

Other

1,146

1,554

Total interest income

46,566

52,875

Interest expense

Deposits

2,227

6,988

Subordinated notes

567

Total interest expense

2,794

6,988

Net interest income

43,772

45,887

(Recovery of) provision for loan losses

(1,240)

Net interest income after (recovery of) provision for loan losses

45,012

45,832

Noninterest income

Deposit service charges and fees

3,184

3,196

Loan servicing fees

^[1]

731

552

Mortgage brokerage and banking fees

^[1]

Trust and insurance commissions and annuities income

1,136

961

Earnings on bank-owned life insurance

^[1]

114

Other

^[1]

489

Total noninterest income

5,689

5,366

Noninterest expense

Compensation and benefits

22,638

21,323

Office occupancy and equipment

7,524

7,271

Advertising and public relations

742

591

Information technology

3,083

3,360

Professional fees

1,336

1,356

Supplies, telephone, and postage

1,615

1,232

Nonperforming asset management

146

Operations of foreclosed assets, net

364

FDIC insurance premiums

478

348

Other

3,111

2,794

Total noninterest expense

40,943

38,438

Income before income taxes

9,758

12,760

Income tax expense

2,348

3,597

Net income

$ 7,410

$ 9,163

Basic and diluted earnings per common share (in dollars per share)

$ 0.53

$ 0.61

Basic and diluted weighted average common shares outstanding (in shares)

14,031,198

14,951,656

[1]	Not within the scope of ASC 606

Note 10 - Income Taxes

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Income Tax Disclosure [Text Block]

NOTE 10 – INCOME TAXES

The income tax expense is as follows:

	*For the years ended December 31,*
	*2021*		*2020*
Current expense	$	2,320	$	2,460
Deferred expense		28		1,137
Total income tax expense	$	2,348	$	3,597

A reconciliation of the provision for income taxes computed at the statutory federal corporate tax rate of 21% for 2021 and 2020, to the income tax expense in the Consolidated Statements of Operations follows:

	*For the years ended December 31,*
	*2021*			*2020*
Expense computed at the statutory federal tax rate	$	2,048		$	2,680
State and local taxes, net of federal income tax effect		504			720
Other, net		(4	)		(3	)
Valuation allowance for deferred tax assets		(200	)		200
	$	2,348		$	3,597
Effective income tax rate		24.07	%		28.18	%

Retained earnings at December 31, 2021 and 2020 include $14.9 million for which no deferred federal income tax liability has been recorded. This amount represents an allocation of income to bad debt deductions for tax purposes alone.

The net deferred tax asset is as follows:

	*December 31,*
	*2021*			*2020*
Gross deferred tax assets
Allowance for loan losses	$	1,798		$	2,075
Alternative minimum tax and net operating loss carryforwards		3,938			3,999
Lease liability		1,306			1,358
Other		854			568
		7,896			8,000
Gross deferred tax liabilities
Net deferred loan origination costs		(808	)		(873	)
Purchase accounting adjustments		(1,516	)		(1,570	)
Right of use asset		(1,306	)		(1,358	)
Other		(1,475	)		(1,180	)
Unrealized gain on securities		(29	)		(78	)
		(5,134	)		(5,059	)
Valuation allowance		—			(200	)
	$	2,762		$	2,741

As of December 31, 2021 and 2020, the Company’s net deferred tax asset (“DTA”) was $2.8 million and $2.7 million, respectively.

A DTA valuation allowance is required under ASC 740 when the realization of a DTA is assessed and the assessment indicates that it is “more likely than not” (i.e., more than 50% likely) that all or a portion of the DTA will not be realized. All available evidence, both positive and negative must be considered to determine whether, based on the weight of that evidence, a valuation allowance against the net DTA is required. Objectively verifiable evidence is assigned greater weight than evidence that is not objectively verifiable. The valuation allowance is analyzed quarterly for changes affecting the DTA.

The Company’s ability to realize the DTA is dependent upon the generation of future taxable income during the periods in which the tax attributes underlying the DTA become deductible. The amount of the DTA that will ultimately be realized will be impacted by the Company’s future taxable income, any changes to the many variables that could impact future taxable income and the then applicable corporate tax rate. As of December 31, 2020, a valuation allowance of $200,000 was attributed to the Illinois net loss deduction carryforwards, this was recovered in 2021 and there was no valuation allowance at December 31, 2021.

At December 31, 2021, the Company had a federal net operating loss carryforward of $7.0 million relating to its acquisition of Downers Grove National Bank, which is subject to utilization limitations under Section 382 of the Internal Revenue Code, and will begin to expire in 2030, and $225,000 of alternative minimum tax credit carryforward that does not expire and is subject to utilization limitations under Section 382 of the Internal Revenue Code. At December 31, 2021, the Company had a state net operating loss carryforward for the State of Illinois of $44.5 million, which will begin to expire in 2031 and fully expires in 2033.

Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	*December 31,*
	*2021*			*2020*
Beginning of year	$	277		$	244
Additions based on tax positions related to the current year		34			61
Additions for tax positions of prior years		10			2
Reductions due to the statute of limitations and reductions for tax positions of prior years		(38	)		(30	)
End of year	$	283		$	277

The Company does not expect the total amount of unrecognized tax benefits to significantly increase or decrease in the next twelve months. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. At December 31, 2021 and 2020, the Company had immaterial amounts accrued for potential interest and penalties.

The Company and its subsidiary are subject to U.S. federal income tax as well as income tax of the various states where the Company does business. The Company is no longer subject to examination by the federal taxing authorities for years before 2018 and the Illinois taxing authorities for years before 2018.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Note 3 - Securities (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value, Total	$ 0	$ 1,200

Note 12 - Employee Benefit Plan

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Compensation and Employee Benefit Plans [Text Block]

NOTE 12 – EMPLOYEE BENEFIT PLAN

Profit Sharing Plan/401(k) Plan. The Company has a defined contribution plan (“profit sharing plan”) covering all of its eligible employees. Employees are eligible to participate in the profit sharing plan after attainment of age 21 and completion of one year of service. The Company provides a match of $0.50 on each $1.00 of contribution up to 6% of eligible compensation beginning April 1, 2007. The Company may also contribute an additional amount annually at the discretion of the Board of Directors. Contributions totaling $345,000 and $331,000 were made for the years ended December 31, 2021 and 2020, respectively.

Note 9 - Borrowings (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Federal Home Loan Bank, Advances [Table Text Block]

	*December 31,*
	*2021*					*2020*
	*Contractual Rate*			*Amount*		*Contractual Rate*			*Amount*
Fixed-rate advance from FHLB, due May 9, 2022		—	%	$	5,000		—	%	$	4,000
Subordinated Notes, due May 15, 2031		3.75	%		19,590		—	%		—
Line of credit, due March 31, 2022		2.50	%		—		2.50	%		—

Note 16 - Company Only Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Condensed Balance Sheet [Table Text Block]

	*December 31,*
	*2021*		*2020*
Assets
Cash in subsidiary	$	8,211	$	10,996
Investment in subsidiary		166,856		161,678
Deferred tax asset		587		393
Other assets		1,502		658
	$	177,156	$	173,725
Liabilities and Stockholders' Equity
Subordinated notes, net of unamortized issuance costs	$	19,590	$	—
Accrued expenses and other liabilities		100		795
Total stockholders’ equity		157,466		172,930
	$	177,156	$	173,725

Condensed Income Statement [Table Text Block]

	*For the years ended December 31,*
	*2021*			*2020*
Dividends from subsidiary	$	3,500		$	13,713
Interest expense		567			—
Other expense		1,595			1,625
Income before income tax and undistributed subsidiary excess distributions		1,338			12,088
Income tax benefit		(761	)		(231	)
Income before equity in undistributed subsidiary excess distributions		2,099			12,319
Equity in undistributed subsidiary (excess distributions)		5,311			(3,156	)
Net income	$	7,410		$	9,163

Condensed Cash Flow Statement [Table Text Block]

	*For the years ended December 31,*
	*2021*			*2020*
Cash flows from operating activities
Net income	$	7,410		$	9,163
Adjustments:
Amortization		31			—
Equity in undistributed subsidiary excess distributions		(5,311	)		3,156
Change in other assets		(1,038	)		1,622
Change in accrued expenses and other liabilities		(695	)		783
Net cash from operating activities		397			14,724
Cash flows used in financing activities
Proceeds from issuance of subordinated notes		20,000			—
Costs paid for issuance of subordinated notes		(441	)		—
Repurchase and retirement of common stock		(17,122	)		(4,610	)
Cash dividends paid on common stock		(5,619	)		(5,982	)
Net cash used in financing activities		(3,182	)		(10,592	)
Net change in cash in subsidiary		(2,785	)		4,132
Beginning cash in subsidiary		10,996			6,864
Ending cash in subsidiary	$	8,211		$	10,996

Note 9 - Borrowings - Advances From the FHLB (Details) - USD ($) $ in Thousands	Dec. 31, 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	$ 19,590	$ 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%

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Note 11 - Regulatory Matters - Bank's Community Leverage Ratio (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Community Bank Leverage Ratio, actual amount	$ 165,599
Community Bank Leverage Ratio, actual ratio	9.91%	10.10%
Community Bank Leverage Ratio, required for capital adequacy purposes amount	$ 142,091	$ 126,964
Community Bank Leverage Ratio, required for capital adequacy purposes ratio	8.50%	8.00%
Operating Loss Carryforwards, Total		$ 160,236

Note 3 - Securities - Fair Value of Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Amortized cost	$ 85,585	$ 23,538
Gross unrealized gains	185	292
Gross unrealized losses	(76)	(1)
Fair value	85,694	23,829
US States and Political Subdivisions Debt Securities [Member]
Amortized cost	76,621	402
Gross unrealized gains	8	7
Gross unrealized losses	(76)	0
Fair value	76,553	409
Certificates of Deposit [Member]
Amortized cost	2,728	15,117
Gross unrealized gains	0	0
Gross unrealized losses	0	0
Fair value	2,728	15,117
Residential Mortgage Backed Securities [Member]
Amortized cost	4,660	5,826
Gross unrealized gains	173	282
Gross unrealized losses	0	0
Fair value	4,833	6,108
Collateralized Mortgage Backed Securities [Member]
Amortized cost	1,576	2,193
Gross unrealized gains	4	3
Gross unrealized losses	0	(1)
Fair value	$ 1,580	$ 2,195

Note 10 - Income Taxes - Schedule of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Current expense	$ 2,320	$ 2,460
Deferred expense	28	1,137
Total income tax expense	$ 2,348	$ 3,597

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Note 4 - Loans Receivable - Allowance for Loan Losses and Loans Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Allowance for loan losses, individually evaluated for impairment	$ 30	$ 28
Allowance for loan losses, collectively evaluated for impairment	6,685	7,723
Allowance for loan losses	6,715	7,751	$ 7,632
Loan balances, individually evaluated for impairment	2,170	2,534
Loan balances, collectively evaluated for impairment	1,048,468	1,007,424
Loans receivable	1,050,638	1,009,958
Net deferred loan origination costs	284	371
Allowance for loan losses	(6,715)	(7,751)	(7,632)
Loans receivable, net of allowance for loan losses: December 31, 2021, $6,715 and December 31, 2020, $7,751	1,044,207	1,002,578
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	331	518
Allowance for loan losses	331	518	675
Loan balances, individually evaluated for impairment	1,299	1,718
Loan balances, collectively evaluated for impairment	28,834	39,973
Loans receivable	30,133	41,691
Allowance for loan losses	(331)	(518)	(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	3,377	4,062
Allowance for loan losses	3,377	4,062	3,676
Loan balances, individually evaluated for impairment	498	520
Loan balances, collectively evaluated for impairment	425,638	451,721
Loans receivable	426,136	452,241
Allowance for loan losses	(3,377)	(4,062)	(3,676)
Real Estate Portfolio [Member] \| Nonresidential Real Estate [Member]
Allowance for loan losses, individually evaluated for impairment	30	28
Allowance for loan losses, collectively evaluated for impairment	1,281	1,541
Allowance for loan losses	1,311	1,569	1,176
Loan balances, individually evaluated for impairment	297	296
Loan balances, collectively evaluated for impairment	102,875	108,362
Loans receivable	103,172	108,658
Allowance for loan losses	(1,311)	(1,569)	(1,176)
Construction and Land Loans [Member]
Allowance for loan losses, individually evaluated for impairment		0
Allowance for loan losses, collectively evaluated for impairment		12
Allowance for loan losses		12
Loan balances, individually evaluated for impairment		0
Loan balances, collectively evaluated for impairment		499
Loans receivable		499
Allowance for loan losses		(12)
Commercial Portfolio Segment [Member]
Allowance for loan losses, individually evaluated for impairment	0	0
Allowance for loan losses, collectively evaluated for impairment	1,652	1,536
Allowance for loan losses	1,652	1,536	2,065
Loan balances, individually evaluated for impairment	76	0
Loan balances, collectively evaluated for impairment	489,436	405,057
Loans receivable	489,512	405,057
Allowance for loan losses	(1,652)	(1,536)	(2,065)
Consumer Portfolio Segment [Member]
Allowance for loan losses, individually evaluated for impairment	0	0
Allowance for loan losses, collectively evaluated for impairment	44	54
Allowance for loan losses	44	54	40
Loan balances, individually evaluated for impairment	0	0
Loan balances, collectively evaluated for impairment	1,685	1,812
Loans receivable	1,685	1,812
Allowance for loan losses	$ (44)	$ (54)	$ (40)

Note 13 - Loan Commitments and Other Off-balance-sheet Activities

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Loan Commitments And Other Off-Balance Sheet Activities [Text Block]

NOTE 13 – LOAN COMMITMENTS AND OTHER OFF-BALANCE-SHEET ACTIVITIES

The Company is party to various financial instruments with off-balance-sheet risk. The Company uses these financial instruments in the normal course of business to meet the financing needs of customers and to effectively manage exposure to interest rate risk. These financial instruments include commitments to extend credit, standby letters of credit, unused lines of credit, and commitments to sell loans. When viewed in terms of the maximum exposure, those instruments may involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the Consolidated Statements of Financial Condition. Credit risk is the possibility that a counterparty to a financial instrument will be unable to perform its contractual obligations. Interest rate risk is the possibility that, due to changes in economic conditions, the Company’s net interest income will be adversely affected.

The following is a summary of the contractual or notional amount of each significant class of off-balance-sheet financial instruments outstanding. The Company’s exposure to credit loss in the event of nonperformance by the counterparty for commitments to extend credit, standby letters of credit, and unused lines of credit is represented by the contractual notional amount of these instruments.

	*December 31,*
	*2021*		*2020*
Financial instruments wherein contractual amounts represent credit risk
Commitments to extend credit	$	38,864	$	31,131
Standby letters of credit		6,937		6,668
Unused lines of credit		184,343		200,240

Commitments to extend credit are generally made for periods of 60 days or less. The fixed-rate loan commitments totaled $14.1 million with interest rates ranging from 2.65% to 6.50% and maturities ranging from 20 months to 5 years.

Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if it is deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the customers.

Note 5 - Foreclosed Assets (Details Textual) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Mortgage Loans in Process of Foreclosure, Amount	$ 73,000	$ 187,000
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Total	$ 725,000	157,000
Foreclosed Residential Real Estate Properties, Physical Possession Without Title [Member]
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Total		$ 0

Note 14 - Fair Value

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Fair Value Disclosures [Text Block]

NOTE 14 – FAIR VALUE

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 levels of inputs that may be used to measure fair values:

•

Level 1 – Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.


	•	Level 2 – Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.


	•	Level 3 – Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

The Company used the following methods and significant assumptions to estimate the fair value of each type of financial instrument:

Securities: The fair values of debt securities are generally determined by matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2).

Impaired Loans: The fair value of impaired loans with specific allocations of the allowance for loan losses is generally based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available for similar loans and collateral underlying such loans. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification. Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted in accordance with the allowance policy.

Foreclosed assets: Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals which are updated no less frequently than annually. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach with data from comparable properties. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Foreclosed assets are evaluated on a quarterly basis for additional impairment and adjusted accordingly.

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*
December 31, 2021
Securities:
U.S. Treasury Notes	$	76,553	$	—	$	—	$	76,553
Certificates of deposit		—		2,728		—		2,728
Mortgage-backed securities – residential		—		4,833		—		4,833
Collateralized mortgage obligations – residential		—		1,580		—		1,580
	$	76,553	$	9,141	$	—	$	85,694

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*
December 31, 2021
Impaired loans	$	—	$	—	$	267	$	267

Foreclosed assets	$	—	$	—	$	725	$	725

December 31, 2020
Impaired loans	$	—	$	—	$	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 $297,000, with a valuation allowance of $30,000 at December 31, 2021, compared to a carrying amount of $296,000 and a valuation allowance of $28,000 at December 31, 2020, resulting in an increase in the provision for loan losses of $2,000 for the year ended December 31, 2021, compared to an increase in the provision for loan losses of $28,000 for the year ended December 31, 2020.

Foreclosed assets are carried at the lower of cost or fair value less costs to sell. At December 31, 2021, foreclosed assets had a carrying value of $952,000 less a valuation allowance of $227,000, or $725,000. At December 31, 2020, there were no foreclosed assets with valuation allowances. There were $420,000 of valuation adjustments of foreclosed assets recorded in the year ended December 31, 2021, compared to no valuation adjustment recorded for the year ended December 31, 2020.

The following table presents quantitative information, based on certain empirical data with respect to Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis:

	*Fair Value*		*Valuation Technique*	*Unobservable Input*	*Range (Weighted Average)*
December 31, 2021
Impaired loans	$	267	Sales comparison	Discount applied to valuation		22.0	%

Foreclosed assets	$	725	Redemption value	Discount applied to valuation		15.6	%

December 31, 2020
Impaired loans	$	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 December 31, 2021 Using:*
	*Carrying Amount*		*Level 1*		*Level 2*		*Level 3*		*Total*
Financial assets
Cash and cash equivalents	$	502,162	$	448,552	$	53,610	$	—	$	502,162
Securities		85,694		76,553		9,141		—		85,694
Loans receivable, net of allowance for loan losses		1,044,207		—		—		1,039,298		1,039,298
FHLB and FRB stock		7,490		—		—		—		N/A
Accrued interest receivable		4,648		75		17		4,631		4,723
Financial liabilities
Certificates of deposit		206,918		—		206,530		—		206,530
Borrowings		5,000		—		4,999		—		4,999
Subordinated Notes		19,590		—		20,240		—		20,240

			*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	$	480,574	$	22,922	$	—	$	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: The exit price observations are obtained from an independent third-party using its proprietary valuation model and methodology and may not reflect actual or prospective market valuations. The valuation is based on the probability of default, loss given default, recovery delay, prepayment, and discount rate assumptions.

While the above estimates are based on management’s judgment of the most appropriate factors, as of the balance sheet date, there is no assurance that the estimated fair values would have been realized if the assets were disposed of or the liabilities settled at that date, since market values may differ depending on the various circumstances. The estimated fair values would also not apply to subsequent dates.

In addition, other assets and liabilities that are not financial instruments, such as premises and equipment, are not included in the above disclosures.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Note 3 - Securities - Securities With Unrealized Losses (Details)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
US Treasury Securities [Member]
Count, less than 12 months	53
Collateralized mortgage obligations - residential, fair value	$ 62,246,000
Unrealized loss, less than 12 months	$ (76,000)
Count, total	53
Fair value, total	$ 62,246
Unrealized loss, total	$ (76,000)
Collateralized Mortgage Backed Securities [Member]
Count, less than 12 months		0
Collateralized mortgage obligations - residential, fair value		$ 0
Unrealized loss, less than 12 months		$ 0
Count, total		3
Fair value, total		$ 1,588,000
Unrealized loss, total		$ (1,000)
Count, 12 months or more		3
Fair value, 12 months or more		$ 1,588,000
Unrealized loss, 12 months or more		$ (1,000)

Note 7 - Leases

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

NOTE 7 - LEASES

The following table represents the classification of the Company's right of use and lease liabilities:

	*Statement of Financial Condition Location*	*December 31, 2021*			*December 31, 2020*
Operating Lease Right of Use Asset:
Gross carrying amount		$	6,805		$	6,694
New lease obligation			866			111
Accumulated amortization			(2,794	)		(1,730	)
Net recorded value	Other assets	$	4,877		$	5,075

Operating Lease Liabilities:
Right of use lease obligations	Other liabilities	$	4,877		$	5,075

Lease amortization expense was $1.1 million and $882,000 for the years ended December 31, 2021 and 2020, respectively. At December 31, 2021, the weighted-average remaining lease term for the Company's operating leases was 7.0 years and the weighted-average discount rate used in the measurement of the Company's operating lease liabilities was 2.83%. For each operating lease, the discount rate is the FHLB fixed rate advance rate for the term most closely aligning with the remaining lease term at inception.

	*For the year ended December 31, 2021*			*For the year ended December 31, 2020*
Lease cost:
Operating lease cost	$	1,064		$	882
Short-term lease cost		161			152
Sublease income		(38	)		(74	)
Total lease cost	$	1,187		$	960

Other information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,110		$	948

Future minimum payments under non-cancellable operating leases with terms longer than 12 months, are as follows at December 31, 2021. Future minimum payments on shorter term leases are excluded as the amounts are insignificant.

Twelve months ended December 31,
2022	$	1,294
2023		1,241
2024		656
2025		506
2026		495
Thereafter		1,722
Total future minimum operating lease payments		5,914
Amounts representing interest		(1,037	)
Present value of net future minimum operating lease payments	$	4,877

Note 2 - Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Net income available to common stockholders	$ 7,410	$ 9,163
Basic and diluted weighted average common shares outstanding (in shares)	14,031,198	14,951,656
Basic and diluted earnings per common share (in dollars per share)	$ 0.53	$ 0.61

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

+ Details

Note 6 - Premises and Equipment (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Property, Plant and Equipment [Table Text Block]

	*December 31,*
	*2021*			*2020*
Land and land improvements	$	12,261		$	11,989
Buildings and improvements		31,636			31,145
Furniture and equipment		10,249			10,111
Computer equipment		5,118			4,798
		59,264			58,043
Accumulated depreciation		(34,221	)		(33,368	)
	$	25,043		$	24,675

Note 6 - Premises and Equipment - Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property and equipment, gross	$ 59,264	$ 58,043
Accumulated depreciation	(34,221)	(33,368)
Property, Plant and Equipment, Net, Ending Balance	25,043	24,675
Land and Land Improvements [Member]
Property and equipment, gross	12,261	11,989
Building and Building Improvements [Member]
Property and equipment, gross	31,636	31,145
Furniture and Fixtures [Member]
Property and equipment, gross	10,249	10,111
Computer Equipment [Member]
Property and equipment, gross	$ 5,118	$ 4,798

Note 13 - Loan Commitments and Other Off-balance-sheet Activities (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]

	*December 31,*
	*2021*		*2020*
Financial instruments wherein contractual amounts represent credit risk
Commitments to extend credit	$	38,864	$	31,131
Standby letters of credit		6,937		6,668
Unused lines of credit		184,343		200,240

Note 7 - Leases - Classification of Right of Use and Lease Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Gross carrying amount	$ 6,805	$ 6,694
New lease obligation	866	111
Accumulated amortization	(2,794)	(1,730)
Other Assets [Member]
Net recorded value	4,877	5,075
Other Liabilities [Member]
Right of use lease obligations	$ 4,877	$ 5,075

Note 3 - Securities

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

NOTE 3 – SECURITIES

The fair value of securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income is as follows:

Available-for-Sale Securities

Amortized Cost

Gross Unrealized Gains

Gross Unrealized Losses

Fair Value

December 31, 2021

U.S. Treasury Notes
$ 76,621 $ 8 $ (76 ) $ 76,553

Certificates of deposit
2,728 — — 2,728

Mortgage-backed securities - residential
4,660 173 — 4,833

Collateralized mortgage obligations - residential
1,576 4 — 1,580

$ 85,585 $ 185 $ (76 ) $ 85,694

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 at December 31, 2021 by contractual maturity are shown below. Securities not due at a single maturity date are shown separately. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

December 31, 2021

Amortized Cost
Fair Value

Due in one year or less
$ 2,728 $ 2,728

Due after one year through five years
76,621 76,553

79,349 79,281

Mortgage-backed securities - residential
4,660 4,833

Collateralized mortgage obligations - residential
1,576 1,580

$ 85,585 $ 85,694

An investment security available-for-sale with a carrying amount of $1.2 million at December 31, 2020 was pledged as collateral on customer repurchase agreements and for other purposes as required or permitted by law; there were no investment securities pledged at December 31, 2021.

Securities available-for-sale with unrealized losses at December 31, 2021 and 2020 not recognized in income are as follows:

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, 2021

U.S. Treasury Notes
53 $ 62,246 $ (76 ) — $ — $ — 53 $ 62,246 $ (76 )

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.

Certain U.S. Treasury Notes that the Company holds in its investment portfolio were in an unrealized loss position at December 31, 2021, but the unrealized loss was not considered significant under the Company’s impairment testing methodology. In addition, the Company does not intend to sell these securities, and it is not likely that the Company will be required to sell the securities before their anticipated recovery occurs.

Note 9 - Borrowings (Details Textual) - USD ($)		12 Months Ended
Note 9 - Borrowings (Details Textual) - USD ($)	Apr. 14, 2021	Dec. 31, 2020	Dec. 31, 2021
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged		$ 0	$ 0
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds			274,800,000
Federal Home Loan Bank Advances General Debt Obligations Disclosures, Amount Of Pledgeable U.S. Treasury Notes			75,000,000.0
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		$ 5,000,000.0
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	$ 20,000,000.0
Debt Instrument, Interest Rate, Stated Percentage	3.75%
Debt Issuance Costs, Net, Total	$ 441,000		410,000
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%
First Mortgage [Member]
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged			17,400,000
Multi Family Mortgage Loans [Member]
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged			$ 296,800,000

Note 8 - Deposits (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Deposit Liabilities, Type [Table Text Block]

	*December 31,*
	*2021*		*2020*
Noninterest-bearing demand deposits	$	342,176	$	326,188
Interest-bearing NOW accounts		404,335		336,994
Money market accounts		333,369		297,801
Savings deposits		201,633		179,561
Certificates of deposit		206,918		253,000
	$	1,488,431	$	1,393,544

Time Deposit Maturities [Table Text Block]

2022	$	167,415
2023		29,819
2024		9,428
2025		211
2026		45
	$	206,918

- Definition

Tabular disclosure of type of deposit liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (e)

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (f)
-Subparagraph (2)(i)(ii)

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (a)
-Subparagraph (1)

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (f)
-Subparagraph (1)

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (d)

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (f)
-Subparagraph (2)(i)

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (f)
-Subparagraph (2)(i)(iv)

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (a)
-Subparagraph (5)

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (f)
-Subparagraph (2)(i)(iii)

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (a)
-Subparagraph (4)

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (f)
-Subparagraph (2)

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (c)

Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (a)
-Subparagraph (2)

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (a)
-Subparagraph (3)

Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (a)

+ Details

Note 4 - Loans Receivable (Details Textual)	12 Months Ended
Note 4 - Loans Receivable (Details Textual)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Loans and Leases Receivable, Gross, Total	$ 1,050,638,000	$ 1,009,958,000
Reserve for Uncollected Loan Interest	140,000	133,000
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend	$ 0	$ 0
Financing Receivable, Modifications, Number of Contracts	0	0
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts	0
Residential Mortgage [Member] \| First Mortgage [Member]
Percent Threshold On Loan To Value Ratios Requiring Private Mortgage Insurance	80.00%
Nonresidential Real Estate Loans [Member]
Projected Cash Flow To Loan Debt Service Requirement	120.00%
Nonresidential Real Estate Loans [Member] \| Fixed Rate Nonresidential Mortgage [Member]
Loans and Leases Receivable, Amortization Period (Year)	15 years
Equipment Finance [Member]
Loans and Lease Receivables Outstanding Credit Exposure, Average Amount	$ 1,100,000
Commercial leases [Member]
Loans and Lease Receivables Outstanding Credit Exposure, Average Amount	$ 1,100,000
Minimum [Member] \| Nonresidential Real Estate Loans [Member]
Mortgage Loans on Real Estate, Maturity (Year)	3 years
Loans and Leases Receivable, Balloon Maturity (Year)	3 years
Loans and Leases Receivable, Amortization Period (Year)	20 years
Maximum [Member] \| Multi Family Mortgage Loans [Member]
Loan Amount To Appraised Value Of Property Securing Loan, Percentage	80.00%
Maximum [Member] \| Nonresidential Real Estate Loans [Member]
Mortgage Loans on Real Estate, Maturity (Year)	5 years
Loans and Leases Receivable, Balloon Maturity (Year)	5 years
Loans and Leases Receivable, Amortization Period (Year)	30 years
Maximum [Member] \| Equipment Finance [Member]
Commercial Leases Maturity (Year)	5 years
Loans And Lease Receivables, Outstanding Credit Exposure	$ 10,000,000
Maximum [Member] \| Commercial leases [Member]
Loans And Lease Receivables, Outstanding Credit Exposure	$ 15,000,000
Collateralized Loan [Member] \| Multi Family Mortgage Loans [Member]
Collateralized Loan Receivable, Percentage Of Collateral Located Outside Primary Market Area	45.00%
Projected Cash Flow To Loan Debt Service Requirement	120.00%
Collateralized Loan [Member] \| Minimum [Member] \| Multi Family Mortgage Loans [Member]
Loans and Leases Receivable, Gross, Total	$ 500,000
Collateralized Loan [Member] \| Minimum [Member] \| Nonresidential Real Estate Loans [Member]
Loans and Leases Receivable, Gross, Total	500,000
Collateralized Loan [Member] \| Maximum [Member] \| Multi Family Mortgage Loans [Member]
Loans and Leases Receivable, Gross, Total	6,000,000.0
Collateralized Loan [Member] \| Maximum [Member] \| Nonresidential Real Estate Loans [Member]
Loans and Leases Receivable, Gross, Total	$ 6,000,000.0

Note 16 - Company Only Condensed Financial Information - Condensed Statements of Financial Condition (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred tax asset	$ 2,762	$ 2,741
Other assets	8,822	8,920
Assets, Total	1,700,682	1,596,842
Subordinated notes, net of unamortized issuance costs	19,590	0
Total stockholders’ equity	157,466	172,930	$ 174,372
Liabilities and Equity, Total	1,700,682	1,596,842
Parent Company [Member]
Cash in subsidiary	8,211	10,996	$ 6,864
Investment in subsidiary	166,856	161,678
Deferred tax asset	587	393
Other assets	1,502	658
Assets, Total	177,156	173,725
Subordinated notes, net of unamortized issuance costs	19,590	0
Accrued expenses and other liabilities	100	795
Total stockholders’ equity	157,466	172,930
Liabilities and Equity, Total	$ 177,156	$ 173,725

Note 4 - Loans Receivable - Recorded Investment in Nonaccrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Loan balance	$ 730	$ 1,226
Recorded investment	740	1,221
Loans past due over 90 days, still accruing	10	0
Real Estate Portfolio [Member] \| One-to-Four Family Residential Real Estate [Member]
Loan balance	367	946
Recorded investment	367	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	297	296
Loans past due over 90 days, still accruing	0	$ 0
Commercial Portfolio Segment [Member]
Loan balance	0
Recorded investment	0
Loans past due over 90 days, still accruing	10
Equipment Finance Leases, Other [Member]
Loan balance	83
Recorded investment	76
Loans past due over 90 days, still accruing	$ 0

Note 5 - Foreclosed Assets - Real Estate Acquired Through Foreclosure (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Other real estate owned	$ 0	$ 157
Other real estate owned, valuation allowance	0	0
Net OREO balance	0	157
Other foreclosed assets, gross	952	0
Other foreclosed assets, valuation allowance	(227)	0
Other foreclosed assets	725	0
Other real estate owned and other foreclosed assets, gross	952	157
Other real estate owned and other foreclosed assets, valuation allowance	(227)	0
Total	$ 725	$ 157

Note 14 - Fair Value - Financial Assets At Fair Value on Non-recurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
One-to-Four Family Residential Real Estate [Member]
Foreclosed assets		$ 268
Real Estate Portfolio [Member] \| Nonresidential Real Estate [Member]
Impaired loans - nonresidential real estate, fair value	$ 267
Fair Value, Inputs, Level 1 [Member] \| One-to-Four Family Residential Real Estate [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
Fair Value, Inputs, Level 2 [Member] \| One-to-Four Family Residential Real Estate [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
Fair Value, Inputs, Level 3 [Member] \| One-to-Four Family Residential Real Estate [Member]
Foreclosed assets		$ 268
Fair Value, Inputs, Level 3 [Member] \| Real Estate Portfolio [Member] \| Nonresidential Real Estate [Member]
Impaired loans - nonresidential real estate, fair value	$ 267

Note 7 - Leases (Details Textual) - USD ($)	12 Months Ended
Note 7 - Leases (Details Textual) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Operating Lease, Right-of-Use Asset, Amortization Expense	$ 1,100,000	$ 882,000
Operating Lease, Weighted Average Remaining Lease Term (Year)	7 years
Operating Lease, Weighted Average Discount Rate, Percent	2.83%

Note 5 - Foreclosed Assets- Roll Forward of Foreclosed Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Beginning balance	$ 157,000	$ 186,000
New foreclosed properties	4,473,000	33,000
Capitalized improvements	0	47,000
Valuation adjustments	(420,000)	(0)
Valuation reductions from sales	193,000	0
Sales	(3,678,000)	(109,000)
Ending balance	$ 725,000	$ 157,000

Consolidated Statements of Cash Flows - USD ($)

12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Cash flows from operating activities

Net income

$ 7,410,000

$ 9,163,000

Adjustments to reconcile to net income to net cash from operating activities

(Recovery of) provision for loan losses

(1,240,000)

55,000

Depreciation and amortization

2,072,000

1,791,000

Net change in net deferred loan origination costs

87,000

541,000

Gain on sale of foreclosed assets

(24,000)

(22,000)

Loss on disposal of other assets

5,000

Foreclosed assets valuation adjustments

420,000

Earnings on bank-owned life insurance

^[1]

(114,000)

(70,000)

Net change in:

Deferred income tax

28,000

1,137,000

Accrued interest receivable

(703,000)

622,000

Other assets

1,130,000

1,300,000

Accrued interest payable and other liabilities

(1,298,000)

(1,005,000)

Net cash from operating activities

7,768,000

13,517,000

Cash flows (used in) from investing activities

Proceeds from maturities

20,230,000

77,762,000

Proceeds from principal repayments

1,780,000

2,691,000

Purchases of securities

(79,124,000)

(44,113,000)

Net (increase) decrease in loans receivable

(40,190,000)

164,666,000

Loan participation purchased

(5,000,000)

Proceeds from sale of foreclosed assets

3,509,000

73,000

Purchase of premises and equipment, net

(2,335,000)

(2,007,000)

Net cash (used in) from investing activities

(101,130,000)

199,072,000

Cash flows from financing activities

Deposits

94,887,000

108,787,000

Borrowings

1,000,000

3,939,000

Advance payments by borrowers for taxes and insurance

(677,000)

(1,552,000)

Proceeds from issuance of subordinated notes

20,000,000

Costs paid for issuance of subordinated notes

(441,000)

Repurchase and retirement of common stock

(17,122,000)

(4,610,000)

Cash dividends paid on common stock

(5,619,000)

(5,982,000)

Net cash from financing activities

92,028,000

100,582,000

Net change in cash and cash equivalents

(1,334,000)

313,171,000

Beginning cash and cash equivalents

503,496,000

190,325,000

Ending cash and cash equivalents

502,162,000

503,496,000

Supplemental disclosures of cash flow information:

Interest paid

2,708,000

7,035,000

Income taxes paid

3,416,000

191,000

Income taxes refunded

14,000

Loans transferred to foreclosed assets

4,473,000

33,000

Due to broker

4,936,000

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 8 - Deposits - Composition of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Noninterest-bearing demand deposits	$ 342,176	$ 326,188
Interest-bearing NOW accounts	404,335	336,994
Money market accounts	333,369	297,801
Savings deposits	201,633	179,561
Certificates of deposit	206,918	253,000
Total deposits	$ 1,488,431	$ 1,393,544

Note 16 - Company Only Condensed Financial Information - Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Depreciation and amortization	$ 2,072	$ 1,791
Other assets	1,130	1,300
Net cash from operating activities	7,768	13,517
Proceeds from issuance of subordinated notes	20,000	0
Costs paid for issuance of subordinated notes	(441)	0
Repurchase and retirement of common stock	(17,122)	(4,610)
Cash dividends paid on common stock	(5,619)	(5,982)
Net cash from financing activities	92,028	100,582
Parent Company [Member]
Net income	7,410	9,163
Depreciation and amortization	31	0
Equity in undistributed subsidiary excess distributions	(5,311)	3,156
Other assets	(1,038)	1,622
Change in accrued expenses and other liabilities	(695)	783
Net cash from operating activities	397	14,724
Proceeds from issuance of subordinated notes	20,000	0
Costs paid for issuance of subordinated notes	(441)	0
Repurchase and retirement of common stock	(17,122)	(4,610)
Cash dividends paid on common stock	(5,619)	(5,982)
Net cash from financing activities	(3,182)	(10,592)
Net change in cash in subsidiary	(2,785)	4,132
Beginning cash in subsidiary	10,996	6,864
Ending cash in subsidiary	$ 8,211	$ 10,996

Note 14 - Fair Value - Financial Assets At Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Securities	$ 85,694	$ 23,829
US Treasury and Government [Member]
Securities	76,553
Certificates of Deposit [Member]
Securities	2,728	15,117
Residential Mortgage Backed Securities [Member]
Securities	4,833	6,108
Collateralized Mortgage Backed Securities [Member]
Securities	1,580	2,195
US States and Political Subdivisions Debt Securities [Member]
Securities	76,553	409
Fair Value, Inputs, Level 1 [Member]
Securities	76,553	0
Fair Value, Inputs, Level 1 [Member] \| US Treasury and Government [Member]
Securities	76,553
Fair Value, Inputs, Level 1 [Member] \| Certificates of Deposit [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 1 [Member] \| US States and Political Subdivisions Debt Securities [Member]
Securities		0
Fair Value, Inputs, Level 2 [Member]
Securities	9,141	23,829
Fair Value, Inputs, Level 2 [Member] \| US Treasury and Government [Member]
Securities	0
Fair Value, Inputs, Level 2 [Member] \| Certificates of Deposit [Member]
Securities	2,728	15,117
Fair Value, Inputs, Level 2 [Member] \| Residential Mortgage Backed Securities [Member]
Securities	4,833	6,108
Fair Value, Inputs, Level 2 [Member] \| Collateralized Mortgage Backed Securities [Member]
Securities	1,580	2,195
Fair Value, Inputs, Level 2 [Member] \| US States and Political Subdivisions Debt Securities [Member]
Securities		409
Fair Value, Inputs, Level 3 [Member]
Securities	0	0
Fair Value, Inputs, Level 3 [Member] \| US Treasury and Government [Member]
Securities	0
Fair Value, Inputs, Level 3 [Member] \| Certificates of Deposit [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
Fair Value, Inputs, Level 3 [Member] \| US States and Political Subdivisions Debt Securities [Member]
Securities		$ 0

Note 8 - Deposits

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

NOTE 8 - DEPOSITS

Composition of deposits is as follows:

	*December 31,*
	*2021*		*2020*
Noninterest-bearing demand deposits	$	342,176	$	326,188
Interest-bearing NOW accounts		404,335		336,994
Money market accounts		333,369		297,801
Savings deposits		201,633		179,561
Certificates of deposit		206,918		253,000
	$	1,488,431	$	1,393,544

Time deposits that meet or exceed the FDIC Insurance limit of $250,000 were $22.5 million and $30.7 million at December 31, 2021 and 2020, respectively. Certificates of deposits include wholesale certificates totaling $3.5 million and $7.2 million at December 31, 2021 and 2020, respectively.

Scheduled maturities of certificates of deposit for the next five years as of December 31, 2021 are as follows:

2022	$	167,415
2023		29,819
2024		9,428
2025		211
2026		45
	$	206,918