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v3.25.1

Allowance for Credit Losses on Loans and Leases (Tables) | 3 Months Ended
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Mar. 31, 2025
Credit Loss [Abstract] |
Schedule of Activity in the Allowance for Loan and Lease Losses | The following table summarizes activity in the allowance for credit losses on loans and leases for the periods indicated:
| Multi- Family |  | Commercial Real Estate(1) |  | One-to-Four Family First Mortgage |  | Commercial and Industrial |  | Other |  | Total
Three Months Ended March 31, 2025 |
Balance, beginning of period | $ | 639 |  |  | $ | 304 |  |  | $ | 39 |  |  | $ | 151 |  |  | $ | 68 |  |  | $ | 1,201 |
Charge-offs | (80) |  | (2) |  | (1) |  | (34) |  | (7) |  | (124)
Recoveries | — |  | — |  | — |  | 6 |  | 3 |  | 9
Provision for (recovery of) credit losses on loans and leases | 50 |  | (13) |  | (1) |  | 44 |  | 2 |  | 82
Balance, end of period | $ | 609 |  |  | $ | 289 |  |  | $ | 37 |  |  | $ | 167 |  |  | $ | 66 |  |  | $ | 1,168 |
Three Months Ended March 31, 2024 |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period | $ | 307 |  |  | $ | 402 |  |  | $ | 47 |  |  | $ | 131 |  |  | $ | 105 |  |  | $ | 992 |
Charge-offs | (11) |  | (64) |  | — |  | (11) |  | (5) |  | (91)
Recoveries | 1 |  | — |  | — |  | 7 |  | 2 |  | 10
Provision for (recovery of) credit losses on loans and leases | 172 |  | 144 |  | (5) |  | 26 |  | (33) |  | 304
Balance, end of period | $ | 469 |  |  | $ | 482 |  |  | $ | 42 |  |  | $ | 153 |  |  | $ | 69 |  |  | $ | 1,215 |
(1)Includes Acquisition, Development, and Construction loans. The following table presents additional information about the Company’s non-accrual loans at March 31, 2025:
| Recorded Investment |  | Related Allowance |  |
Non-accrual loans with no related allowance: |  |  |  |  |
Multi-family | $ | 1,563 |  |  | $ | — |  |  |
Commercial real estate(1) | 446 |  | — |  |
One-to-four family first mortgage | 67 |  | — |  |
Commercial and Industrial | 46 |  | — |  |
Other | 1 |  | — |  |
Total non-accrual loans with no related allowance | $ | 2,123 |  |  | $ | — |  |  |
Non-accrual loans with an allowance recorded: |  |  |  |  |
Multi-family | $ | 798 |  |  | $ | 100 |  |  |
Commercial real estate(1) | 143 |  | 35 |  |
One-to-four family first mortgage | 10 |  | 1 |  |
Commercial and Industrial | 185 |  | 53 |  |
Other | 21 |  | 20 |  |
Total non-accrual loans with an allowance recorded | $ | 1,157 |  |  | $ | 209 |  |  |
Total non-accrual loans: |  |  |  |  |
Multi-family | $ | 2,361 |  |  | $ | 100 |  |  |
Commercial real estate(1) | 589 |  | 35 |  |
One-to-four family first mortgage | 77 |  | 1 |  |
Commercial and Industrial | 231 |  | 53 |  |
Other | 22 |  | 20 |  |
Total non-accrual loans | $ | 3,280 |  |  | $ | 209 |  |  |
(1)Includes Acquisition, Development, and Construction loans. The following table presents additional information about the Company’s non-accrual loans at December 31, 2024:
| Recorded Investment |  | Related Allowance |  |
Non-accrual loans with no related allowance: |  |  |  |  |
Multi-family | $ | 1,092 |  |  | $ | — |  |  |
Commercial real estate(1) | 429 |  | — |  |
One-to-four family first mortgage | 61 |  | — |  |
Commercial and Industrial | 51 |  | — |  |
Other | 3 |  | — |  |
Total non-accrual loans with no related allowance | $ | 1,636 |  |  | $ | — |  |  |
Non-accrual loans with an allowance recorded: |  |  |  |  |
Multi-family | $ | 663 |  |  | $ | 77 |  |  |
Commercial real estate(1) | 135 |  |  | 31 |  |  |
One-to-four family first mortgage | 9 |  | 1 |  |
Commercial and Industrial | 151 |  |  |  |
Other | 21 |  | 55 |  |
Total non-accrual loans with an allowance recorded | $ | 979 |  |  | $ | 164 |  |  |
Total non-accrual loans: |  |  |  |  |
Multi-family | $ | 1,755 |  |  | $ | 77 |  |  |
Commercial real estate(1) | 564 |  | 31 |  |
One-to-four family first mortgage | 70 |  | 1 |  |
Commercial and Industrial | 202 |  | — |  |
Other | 24 |  | 55 |  |
Total non-accrual loans | $ | 2,615 |  |  | $ | 164 |  |  |
(1)Includes Acquisition, Development, and Construction loans.

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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