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Loans held for sale
9 Months Ended
Sep. 30, 2024
Loans held for sale  
Loans held for sale

6.     Loans held for sale

Loans held for sale are carried at the lower of cost or estimated fair value. At September 30, 2024 and December 31, 2023, the Bank did not have any loans held for sale.

The following table shows loans sold during the periods indicated:

For the three months ended September 30, 2024

(Dollars in thousands)

    

Loans sold

    

Proceeds

    

Net charge-offs

    

Net gain

Performing loans

 

Multi-family residential

 

1

$

2,446

$

$

Commercial

 

1

5,875

Total

 

2

$

8,321

$

$

Delinquent and non-performing loans

Multi-family residential

 

1

$

989

$

$

Commercial

 

1

2,827

One-to-four family - mixed-use property

 

1

900

113

One-to-four family - residential

1

1,223

24

Total

 

4

$

5,939

$

$

137

For the three months ended September 30, 2023

(Dollars in thousands)

    

Loans sold

    

Proceeds

    

Net charge-offs

    

Net gain

Performing loans

 

Commercial

 

2

$

2,000

$

$

Total

 

2

$

2,000

$

$

For the nine months ended September 30, 2024

(Dollars in thousands)

    

Loans sold

    

Proceeds

    

Net charge-offs

    

Net gain

Performing loans

 

Multi-family residential

 

1

$

2,446

$

$

Commercial

 

1

5,875

Total

 

2

$

8,321

$

$

Delinquent and non-performing loans

Multi-family residential

 

5

$

2,973

$

$

55

Commercial

 

3

3,797

One-to-four family - mixed-use property

 

6

2,446

194

One-to-four family - residential

1

1,223

24

Total

 

15

$

10,439

$

$

273

For the nine months ended September 30, 2023

(Dollars in thousands)

    

Loans sold

    

Proceeds

    

Net charge-offs

    

Net gain

Performing loans

 

  

 

  

 

  

 

  

Commercial

2

$

2,000

$

$

Total

 

2

$

2,000

$

$

Delinquent and non-performing loans

 

Multi-family residential

 

7

$

3,622

$

$

69

Commercial

 

3

1,867

(8)

One-to-four family - mixed-use property

 

3

1,553

39

Total

 

13

$

7,042

$

(8)

$

108