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Loans held for sale (Tables)
9 Months Ended
Sep. 30, 2025
Summary of Significant Accounting Policies  
Schedule of loans sold

For the three months ended September 30, 2025

(Dollars in thousands)

    

Loans sold

    

Proceeds

    

Net charge-offs

    

Net gain

Performing loans

 

Small Business Administration

2

$

1,820

$

$

270

Total

 

2

$

1,820

$

$

270

Delinquent and non-performing loans

Multi-family residential

 

5

$

3,425

$

$

48

One-to-four family - mixed-use property

 

3

1,371

(20)

Total

 

8

$

4,796

$

(20)

$

48

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

S

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 nine months ended September 30, 2025

(Dollars in thousands)

    

Loans sold

    

Proceeds

    

Net charge-offs

    

Net gain (1)

Performing loans

 

Multi-family residential

 

12

$

33,721

$

$

Commercial

 

1

3,120

Small Business Administration

8

8,648

802

Total

 

21

$

45,489

$

$

802

Delinquent and non-performing loans

Multi-family residential

 

10

$

16,869

$

(1,681)

$

250

Commercial

 

1

5,098

238

One-to-four family - mixed-use property

 

4

1,508

(20)

19

Total

 

15

$

23,475

$

(1,701)

$

507

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

S

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

(1) Does not include $2.6 million net gain on sale recorded from the reversal of a previously recorded valuation allowance upon the transfer of $32.1 million of loans held for sale to loans held for investment and $0.2 million net loss on sale recorded to write-down performing mortgage loans to their anticipated sales price.