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Loans and Allowance for Credit Losses | 12 Months Ended
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Dec. 31, 2023
Loans and Allowance for Credit Losses |
Loans and Allowance for Credit Losses | Note 3: Loans and Allowance for Credit Losses The Company adopted ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, effective January 1, 2021. The guidance replaces the incurred loss methodology with an expected loss methodology that is referred to as the CECL methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables. It also applies to off-balance sheet credit exposures not accounted for as insurance, including loan commitments, standby letters of credits, financial guarantees, and other similar instruments. The Company adopted ASC 326 using the modified retrospective method for loans and off-balance sheet credit exposures. The Company recorded a one-time cumulative-effect adjustment to the allowance for credit losses on loans of $11.6 million. This adjustment brought the balance of the allowance for credit losses on loans to $67.3 million as of January 1, 2021. In addition, the Company recorded an $8.7 million liability for unfunded commitments as of January 1, 2021. The after-tax effect decreased retained earnings by $14.2 million. The adjustment was based upon the Company’s analysis of then-current conditions, assumptions and economic forecasts at January 1, 2021. Classes of loans at December 31, 2023 and 2022, included: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31,
​ |  | 2023 |  | 2022
​ | ​ | (In Thousands)
One- to four-family residential construction |  | $ | 29,628 |  | $ | 33,849
Subdivision construction | ​ |  | 23,359 | ​ |  | 32,067
Land development | ​ |  | 48,015 | ​ |  | 41,613
Commercial construction | ​ |  | 703,407 | ​ |  | 757,690
Owner occupied one- to four-family residential | ​ |  | 769,260 | ​ |  | 778,533
Non-owner occupied one- to four-family residential | ​ |  | 121,275 | ​ |  | 124,870
Commercial real estate | ​ |  | 1,521,032 | ​ |  | 1,530,663
Other residential | ​ |  | 942,071 | ​ |  | 781,761
Commercial business | ​ |  | 318,050 | ​ |  | 293,228
Industrial revenue bonds | ​ |  | 12,047 | ​ |  | 12,852
Consumer auto | ​ |  | 28,343 | ​ |  | 37,281
Consumer other | ​ |  | 28,978 | ​ |  | 33,732
Home equity lines of credit | ​ |  | 115,883 | ​ |  | 123,242
​ | ​ |  | 4,661,348 | ​ |  | 4,581,381
Allowance for credit losses | ​ |  | (64,670) | ​ |  | (63,480)
Deferred loan fees and gains, net | ​ |  | (7,058) | ​ |  | (11,065)
​ | ​ | $ | 4,589,620 | ​ | $ | 4,506,836
​ Classes of loans by aging were as follows as of the dates indicated: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2023
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total Loans
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Over 90 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total | ​ | > 90 Days Past
​ | ​ | 30-59 Days | ​ | 60-89 Days | ​ | Days | ​ | Total Past | ​ | ​ | ​ | ​ | Loans | ​ | Due and
​ |  | Past Due |  | Past Due |  | Past Due |  | Due |  | Current |  | Receivable |  | Still Accruing
​ | ​ | (In Thousands)
One- to four-family residential construction | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 29,628 | ​ | $ | 29,628 | ​ | $ | —
Subdivision construction | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 23,359 | ​ | ​ | 23,359 | ​ | ​ | —
Land development | ​ |  | — | ​ | ​ | — | ​ | ​ | 384 | ​ | ​ | 384 | ​ | ​ | 47,631 | ​ | ​ | 48,015 | ​ | ​ | —
Commercial construction | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 703,407 | ​ | ​ | 703,407 | ​ | ​ | —
Owner occupied one- to four- family residential | ​ |  | 2,778 | ​ | ​ | 125 | ​ | ​ | 722 | ​ | ​ | 3,625 | ​ | ​ | 765,635 | ​ | ​ | 769,260 | ​ | ​ | —
Non-owner occupied one- to four-family residential | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 121,275 | ​ | ​ | 121,275 | ​ | ​ | —
Commercial real estate | ​ |  | 187 | ​ | ​ | 92 | ​ | ​ | 10,552 | ​ | ​ | 10,831 | ​ | ​ | 1,510,201 | ​ | ​ | 1,521,032 | ​ | ​ | —
Other residential | ​ |  | 9,572 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 9,572 | ​ | ​ | 932,499 | ​ | ​ | 942,071 | ​ | ​ | —
Commercial business | ​ |  | — | ​ | ​ | — | ​ | ​ | 31 | ​ | ​ | 31 | ​ | ​ | 318,019 | ​ | ​ | 318,050 | ​ | ​ | —
Industrial revenue bonds | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 12,047 | ​ | ​ | 12,047 | ​ | ​ | —
Consumer auto | ​ |  | 116 | ​ | ​ | 65 | ​ | ​ | 8 | ​ | ​ | 189 | ​ | ​ | 28,154 | ​ | ​ | 28,343 | ​ | ​ | —
Consumer other | ​ |  | 137 | ​ | ​ | — | ​ | ​ | 42 | ​ | ​ | 179 | ​ | ​ | 28,799 | ​ | ​ | 28,978 | ​ | ​ | —
Home equity lines of credit | ​ |  | 335 | ​ | ​ | 26 | ​ | ​ | 9 | ​ | ​ | 370 | ​ | ​ | 115,513 | ​ | ​ | 115,883 | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | 13,125 | ​ | $ | 308 | ​ | $ | 11,748 | ​ | $ | 25,181 | ​ | $ | 4,636,167 | ​ | $ | 4,661,348 | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total Loans
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Over 90 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total | ​ | > 90 Days Past
​ | ​ | 30-59 Days | ​ | 60-89 Days | ​ | Days | ​ | Total Past | ​ | ​ | ​ | ​ | Loans | ​ | Due and
​ |  | Past Due |  | Past Due |  | Past Due |  | Due |  | Current |  | Receivable |  | Still Accruing
​ | ​ | (In Thousands)
One- to four-family residential construction | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 33,849 | ​ | $ | 33,849 | ​ | $ | —
Subdivision construction | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 32,067 | ​ | ​ | 32,067 | ​ |  | —
Land development | ​ |  | — | ​ | ​ | — | ​ | ​ | 384 | ​ | ​ | 384 | ​ | ​ | 41,229 | ​ | ​ | 41,613 | ​ |  | —
Commercial construction | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 757,690 | ​ | ​ | 757,690 | ​ |  | —
Owner occupied one- to four- family residential | ​ |  | 2,568 | ​ | ​ | 462 | ​ | ​ | 722 | ​ | ​ | 3,752 | ​ | ​ | 774,781 | ​ | ​ | 778,533 | ​ |  | —
Non-owner occupied one- to four-family residential | ​ |  | — | ​ | ​ | 63 | ​ | ​ | — | ​ | ​ | 63 | ​ | ​ | 124,807 | ​ | ​ | 124,870 | ​ |  | —
Commercial real estate | ​ |  | 196 | ​ | ​ | — | ​ | ​ | 1,579 | ​ | ​ | 1,775 | ​ | ​ | 1,528,888 | ​ | ​ | 1,530,663 | ​ |  | —
Other residential | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 781,761 | ​ | ​ | 781,761 | ​ |  | —
Commercial business | ​ |  | 8 | ​ | ​ | — | ​ | ​ | 586 | ​ | ​ | 594 | ​ | ​ | 292,634 | ​ | ​ | 293,228 | ​ |  | —
Industrial revenue bonds | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 12,852 | ​ | ​ | 12,852 | ​ |  | —
Consumer auto | ​ |  | 100 | ​ | ​ | 34 | ​ | ​ | 14 | ​ | ​ | 148 | ​ | ​ | 37,133 | ​ | ​ | 37,281 | ​ |  | —
Consumer other | ​ |  | 288 | ​ | ​ | 114 | ​ | ​ | 111 | ​ | ​ | 513 | ​ | ​ | 33,219 | ​ | ​ | 33,732 | ​ |  | —
Home equity lines of credit | ​ |  | 234 | ​ | ​ | 38 | ​ | ​ | 274 | ​ | ​ | 546 | ​ | ​ | 122,696 | ​ | ​ | 123,242 | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | 3,394 | ​ | $ | 711 | ​ | $ | 3,670 | ​ | $ | 7,775 | ​ | $ | 4,573,606 | ​ | $ | 4,581,381 | ​ | $ | —
​ Loans are placed on nonaccrual status at 90 days past due and interest is considered a loss unless the loan is well secured and in the process of collection. Payments received on nonaccrual loans are applied to principal until the loans are returned to accrual status. Loans are returned to accrual status when all payments contractually due are brought current, payment performance is sustained for a period of time, generally six months, and future payments are reasonably assured. With the exception of consumer loans, charge-offs on loans are recorded when available information indicates a loan is not fully collectible and the loss is reasonably quantifiable. Consumer loans are charged-off at specified delinquency dates consistent with regulatory guidelines. Non-accruing loans are summarized as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, | ​ | December 31,
​ |  | 2023 |  | 2022
​ | ​ | (In Thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​
One- to four-family residential construction | ​ | $ | — | ​ | $ | —
Subdivision construction | ​ |  | — | ​ |  | —
Land development | ​ |  | 384 | ​ |  | 384
Commercial construction | ​ |  | — | ​ |  | —
Owner occupied one- to four-family residential | ​ |  | 722 | ​ |  | 722
Non-owner occupied one- to four-family residential | ​ |  | — | ​ |  | —
Commercial real estate | ​ |  | 10,552 | ​ |  | 1,579
Other residential | ​ |  | — | ​ |  | —
Commercial business | ​ |  | 31 | ​ |  | 586
Industrial revenue bonds | ​ |  | — | ​ |  | —
Consumer auto | ​ |  | 8 | ​ |  | 14
Consumer other | ​ |  | 42 | ​ |  | 111
Home equity lines of credit | ​ |  | 9 | ​ |  | 274
Total non-accruing loans | ​ | $ | 11,748 | ​ | $ | 3,670
​ No interest income was recorded on these loans for the years ended December 31, 2023 and 2022, respectively. Nonaccrual loans for which there is no related allowance for credit losses as of December 31, 2023 had an amortized cost of $792,000. These loans are individually assessed and do not require an allowance due to being adequately collateralized under the collateral-dependent valuation method. A collateral-dependent loan is a financial asset for which the repayment is expected to be provided substantially through the operation or sale of the collateral when the borrower is experiencing financial difficulty based on the Company’s assessment as of the reporting date. Collateral-dependent loans are identified primarily by a classified risk rating with a loan balance equal to or greater than $100,000, including, but not limited to, any loan in process of foreclosure or repossession. ​ The following table presents the activity in the allowance for credit losses by portfolio segment for the years ended December 31, 2023, 2022 and 2021. On January 1, 2021, the Company adopted the CECL methodology, which added $11.6 million to the total Allowance for Credit Loss, including $1.9 million of remaining discount on loans that were previously accounted for as PCI. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | One- to Four- | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Family | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Residential | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | and | ​ | Other | ​ | Commercial | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Construction |  | Residential |  | Real Estate |  | Construction |  | Business |  | Consumer |  | Total
​ |  | (In Thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowance for credit losses |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Balance, January 1, 2023 | ​ | $ | 11,171 | ​ | $ | 12,110 | ​ | $ | 27,096 | ​ | $ | 2,865 | ​ | $ | 5,822 | ​ | $ | 4,416 | ​ | $ | 63,480
Provision (credit) charged to expense | ​ |  | (1,390) | ​ | ​ | 1,260 | ​ | ​ | 930 | ​ | ​ | (27) | ​ | ​ | 1,909 | ​ | ​ | (432) | ​ | ​ | 2,250
Losses charged off | ​ |  | (31) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1,037) | ​ | ​ | (1,754) | ​ | ​ | (2,822)
Recoveries | ​ |  | 70 | ​ | ​ | — | ​ | ​ | 145 | ​ | ​ | 6 | ​ | ​ | 241 | ​ | ​ | 1,300 | ​ | ​ | 1,762
Balance, December 31, 2023 | ​ | $ | 9,820 | ​ | $ | 13,370 | ​ | $ | 28,171 | ​ | $ | 2,844 | ​ | $ | 6,935 | ​ | $ | 3,530 | ​ | $ | 64,670
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowance for credit losses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance, December 31, 2021 | ​ | $ | 9,364 | ​ | $ | 10,502 | ​ | $ | 28,604 | ​ | $ | 2,797 | ​ | $ | 4,142 | ​ | $ | 5,345 | ​ | $ | 60,754
Provision (credit) charged to expense | ​ | ​ | 1,652 | ​ | ​ | 1,498 | ​ | ​ | (1,465) | ​ | ​ | 152 | ​ | ​ | 1,491 | ​ | ​ | (328) | ​ | ​ | 3,000
Losses charged off | ​ | ​ | (40) | ​ | ​ | — | ​ | ​ | (44) | ​ | ​ | (84) | ​ | ​ | (51) | ​ | ​ | (1,950) | ​ | ​ | (2,169)
Recoveries | ​ | ​ | 195 | ​ | ​ | 110 | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | 240 | ​ | ​ | 1,349 | ​ | ​ | 1,895
Balance, December 31, 2022 | ​ | $ | 11,171 | ​ | $ | 12,110 | ​ | $ | 27,096 | ​ | $ | 2,865 | ​ | $ | 5,822 | ​ | $ | 4,416 | ​ | $ | 63,480
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowance for credit losses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance, December 31, 2020 | ​ | $ | 4,536 | ​ | $ | 9,375 | ​ | $ | 33,707 | ​ | $ | 3,521 | ​ | $ | 2,390 | ​ | $ | 2,214 | ​ | $ | 55,743
CECL adoption | ​ | ​ | 4,533 | ​ | ​ | 5,832 | ​ | ​ | (2,531) | ​ | ​ | (1,165) | ​ | ​ | 1,499 | ​ | ​ | 3,427 | ​ | ​ | 11,595
Balance, January 1, 2021 | ​ | ​ | 9,069 | ​ | ​ | 15,207 | ​ | ​ | 31,176 | ​ | ​ | 2,356 | ​ | ​ | 3,889 | ​ | ​ | 5,641 | ​ | ​ | 67,338
Provision (credit) charged to expense | ​ | ​ | — | ​ | ​ | (4,797) | ​ | ​ | (2,478) | ​ | ​ | 575 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (6,700)
Losses charged off | ​ | ​ | (190) | ​ | ​ | — | ​ | ​ | (142) | ​ | ​ | (154) | ​ | ​ | (81) | ​ | ​ | (2,054) | ​ | ​ | (2,621)
Recoveries | ​ | ​ | 485 | ​ | ​ | 92 | ​ | ​ | 48 | ​ | ​ | 20 | ​ | ​ | 334 | ​ | ​ | 1,758 | ​ | ​ | 2,737
Balance, December 31, 2021 | ​ | $ | 9,364 | ​ | $ | 10,502 | ​ | $ | 28,604 | ​ | $ | 2,797 | ​ | $ | 4,142 | ​ | $ | 5,345 | ​ | $ | 60,754
​ The following table presents the activity in the allowance for unfunded commitments by portfolio segment for the years ended December 31, 2023, 2022 and 2021. On January 1, 2021, the Company adopted the CECL methodology, which created an $8.7 million allowance for unfunded commitments. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | One- to Four- | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Family | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Residential | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | and | ​ | Other | ​ | Commercial | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Construction |  | Residential |  | Real Estate |  | Construction |  | Business |  | Consumer |  | Total
​ | ​ | (In Thousands)
Allowance for unfunded commitments |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |
Balance, January 1, 2023 | ​ | $ | 736 | ​ | $ | 8,624 | ​ | $ | 416 | ​ | $ | 802 | ​ | $ | 1,734 | ​ | $ | 504 | ​ | $ | 12,816
Provision (credit) charged to expense | ​ | ​ | (30) | ​ | ​ | (4,618) | ​ | ​ | 203 | ​ | ​ | (61) | ​ | ​ | (775) | ​ | ​ | (48) | ​ | ​ | (5,329)
Balance, December 31, 2023 | ​ | $ | 706 | ​ | $ | 4,006 | ​ | $ | 619 | ​ | $ | 741 | ​ | $ | 959 | ​ | $ | 456 | ​ | $ | 7,487
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowance for unfunded commitments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance, December 31, 2021 | ​ | $ | 687 | ​ | $ | 5,703 | ​ | $ | 367 | ​ | $ | 908 | ​ | $ | 1,582 | ​ | $ | 382 | ​ | $ | 9,629
Provision (credit) charged to expense | ​ | ​ | 49 | ​ | ​ | 2,921 | ​ | ​ | 49 | ​ | ​ | (106) | ​ | ​ | 152 | ​ | ​ | 122 | ​ | ​ | 3,187
Balance, December 31, 2022 | ​ | $ | 736 | ​ | $ | 8,624 | ​ | $ | 416 | ​ | $ | 802 | ​ | $ | 1,734 | ​ | $ | 504 | ​ | $ | 12,816
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowance for unfunded commitments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance, December 31, 2020 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
CECL adoption | ​ | ​ | 917 | ​ | ​ | 5,227 | ​ | ​ | 354 | ​ | ​ | 910 | ​ | ​ | 935 | ​ | ​ | 347 | ​ | ​ | 8,690
Balance, January 1, 2021 | ​ | ​ | 917 | ​ | ​ | 5,227 | ​ | ​ | 354 | ​ | ​ | 910 | ​ | ​ | 935 | ​ | ​ | 347 | ​ | ​ | 8,690
Provision (credit) charged to expense | ​ | ​ | (230) | ​ | ​ | 476 | ​ | ​ | 13 | ​ | ​ | (2) | ​ | ​ | 647 | ​ | ​ | 35 | ​ | ​ | 939
Balance, December 31, 2021 | ​ | $ | 687 | ​ | $ | 5,703 | ​ | $ | 367 | ​ | $ | 908 | ​ | $ | 1,582 | ​ | $ | 382 | ​ | $ | 9,629
​ The portfolio segments used in the preceding tables correspond to the loan classes used in all other tables in Note 3 as follows:
| ● | The one- to four-family residential and construction segment includes the one- to four-family residential construction, subdivision construction, owner occupied one- to four-family residential and non-owner occupied one- to four-family residential classes.
| ● | The other residential (multi-family) segment corresponds to the other residential (multi-family) class.
| ● | The commercial real estate segment includes the commercial real estate and industrial revenue bonds classes.
| ● | The commercial construction segment includes the land development and commercial construction classes.
| ● | The commercial business segment corresponds to the commercial business class.
| ● | The consumer segment includes the consumer auto, consumer other and home equity lines of credit classes.
The weighted average interest rate on loans receivable at December 31, 2023 and 2022, was 6.25% and 5.54%, respectively. Loans serviced for others are not included in the accompanying consolidated statements of financial condition. The unpaid principal balance of loans serviced for others at December 31, 2023, was $439.9 million, consisting of $334.6 million of commercial loan participations sold to other financial institutions and $105.3 million of residential mortgage loans sold. The unpaid principal balance of loans serviced for others at December 31, 2022, was $540.2 million, consisting of $422.3 million of commercial loan participations sold to other financial institutions and $117.9 million of residential mortgage loans sold. In addition, available lines of credit on these loans were $123.6 million and $104.1 million at December 31, 2023 and 2022, respectively. The following tables present the amortized cost basis of collateral-dependent loans by class of loans at the dates indicated:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023
​ | ​ | Principal | ​ | Specific
​ | ​ | Balance | ​ | Allowance
​ |  | (In Thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​
One- to four-family residential construction | ​ | $ | — | ​ | $ | —
Subdivision construction | ​ |  | — | ​ | ​ | —
Land development | ​ |  | 384 | ​ | ​ | —
Commercial construction | ​ |  | — | ​ | ​ | —
Owner occupied one- to four-family residential | ​ |  | 691 | ​ | ​ | 29
Non-owner occupied one- to four-family residential | ​ |  | — | ​ | ​ | —
Commercial real estate | ​ |  | 10,548 | ​ | ​ | 1,200
Other residential | ​ |  | 7,162 | ​ | ​ | —
Commercial business | ​ |  | — | ​ | ​ | —
Industrial revenue bonds | ​ |  | — | ​ | ​ | —
Consumer auto | ​ |  | — | ​ | ​ | —
Consumer other | ​ |  | — | ​ | ​ | —
Home equity lines of credit | ​ |  | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | 18,785 | ​ | $ | 1,229
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022
​ | ​ | Principal | ​ | Specific
​ |  | Balance |  | Allowance
​ | ​ | (In Thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​
One- to four-family residential construction |  | $ | — | ​ | $ | —
Subdivision construction | ​ |  | — | ​ | ​ | —
Land development | ​ |  | 384 | ​ | ​ | —
Commercial construction | ​ |  | — | ​ | ​ | —
Owner occupied one- to four-family residential | ​ |  | 1,637 | ​ | ​ | 40
Non-owner occupied one- to four-family residential | ​ |  | — | ​ | ​ | —
Commercial real estate | ​ |  | 1,571 | ​ | ​ | —
Other residential | ​ |  | — | ​ | ​ | —
Commercial business | ​ |  | 586 | ​ | ​ | 125
Industrial revenue bonds | ​ |  | — | ​ | ​ | —
Consumer auto | ​ |  | — | ​ | ​ | —
Consumer other | ​ |  | 160 | ​ | ​ | 80
Home equity lines of credit | ​ |  | 135 | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | 4,473 | ​ | $ | 245
​ For loans that were non-accruing, interest of approximately $509,000, $292,000 and $432,000 would have been recognized on an accrual basis during the years ended December 31, 2023, 2022 and 2021, respectively. Modified Loans. As indicated in Note 1, in March 2022, the FASB issued ASU 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. ASU 2022-02 eliminates the troubled debt restructuring (TDR) recognition and measurement guidance and, instead, requires that an entity evaluate whether the loan modification represents a new loan or a continuation of an existing loan. It also enhances existing disclosure requirements and introduces new disclosure requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. ASU 2022-02 became effective for the Company on January 1, 2023. Adoption of this ASU did not have a material impact on the Company’s results of operations, financial position or liquidity, but resulted in additional disclosure requirements related to gross charge offs by vintage year and the removal of TDR disclosures, replaced by additional disclosures on the types of modifications of loans to borrowers experiencing financial difficulties. The Company has adopted this update prospectively. Under ASU 2022-02, loan modifications are reported if concessions have been granted to borrowers that are experiencing financial difficulty. Information on these loan modifications originated after the effective date is presented according to the new accounting guidance. Reporting periods prior to the adoption of ASU 2022-02 present information on TDRs under the previous disclosure requirements. The estimate of lifetime expected losses utilized in the allowance for credit losses model is developed using average historical loss on loans with similar risk characteristics, which includes losses from modifications of loans to borrowers experiencing financial difficulty. As a result, a change to the allowance for credit losses is generally not recorded upon modification. For modifications to loans made to borrowers experiencing financial difficulty that are adversely classified, the Company determines the allowance for credit losses on an individual basis, using the same process that it utilizes for other adversely classified loans. If collection efforts have begun and the modified loan is subsequently deemed collateral-dependent, the loan is placed on non-accrual status and the allowance for credit losses is determined based on an individual evaluation. If necessary, the loan is charged down to fair market value less estimated sales costs. The following table shows the composition of loan modifications made to borrowers experiencing financial difficulty by the loan portfolio and type of concessions granted during the year ended December 31, 2023. Each of the types of concessions granted comprised 2% or less of their respective classes of loan portfolios at December 31, 2023. During the year ended December 31, 2023, principal forgiveness of $563,000 was completed on commercial business loans and consumer loans. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended December 31, 2023
​ | ​ | Interest Rate | ​ | Term | ​ | ​ | ​ | ​ | Total
​ | ​ | Reduction | ​ | Extension | ​ | Combination | ​ | Modifications
​ | ​ | (In Thousands)
Construction and land development | ​ | $ | — | ​ | $ | — | ​ | $ | 1,553 | ​ | $ | 1,553
One- to four-family residential | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Other residential | ​ |  | — | ​ |  | 2,750 | ​ |  | — | ​ |  | 2,750
Commercial real estate | ​ |  | — | ​ |  | 77 | ​ |  | 20,365 | ​ |  | 20,442
Commercial business | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Consumer | ​ |  | 5 | ​ |  | 7 | ​ |  | — | ​ |  | 12
​ | ​ | $ | 5 | ​ | $ | 2,834 | ​ | $ | 21,918 | ​ | $ | 24,757
​ The Company closely monitors the performance of loans to borrowers experiencing financial difficulty that are modified to understand the effectiveness of its modification efforts. The following table depicts the performance (under modified terms) at December 31, 2023 of loans that were modified during the year ended December 31, 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2023
​ | ​ | ​ | ​ | ​ | 30-89 Days | ​ | Over 90 Days | ​ | ​ | ​
​ | ​ | Current | ​ | Past Due | ​ | Past Due | ​ | Total
​ | ​ | (In Thousands)
Construction and land development | ​ | $ | 1,553 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,553
One- to four-family residential | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Other residential | ​ |  | 2,750 | ​ |  | — | ​ |  | — | ​ |  | 2,750
Commercial real estate | ​ |  | 12,384 | ​ |  | — | ​ |  | 8,058 | ​ |  | 20,442
Commercial business | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Consumer | ​ |  | 12 | ​ |  | — | ​ |  | — | ​ |  | 12
​ | ​ | $ | 16,699 | ​ | $ | — | ​ | $ | 8,058 | ​ | $ | 24,757
​ ​ TDRs by class are presented below as of December 31, 2022. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022
​ | ​ | Accruing TDR Loans | ​ | Non-accruing TDR Loans | ​ | Total TDR Loans
​ | ​ | Number | ​ | Balance | ​ | Number | ​ | Balance | ​ | Number | ​ | Balance
​ | ​ | (In Thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land development | ​ | — | ​ | $ | — |  | — | ​ | $ | — |  | — | ​ | $ | —
One- to four-family residential | ​ | 13 | ​ |  | 1,028 |  | 3 | ​ |  | 98 |  | 16 | ​ |  | 1,126
Other residential | ​ | — | ​ |  | — |  | — | ​ |  | — |  | — | ​ |  | —
Commercial real estate | ​ | — | ​ |  | — |  | 2 | ​ |  | 1,571 |  | 2 | ​ |  | 1,571
Commercial business | ​ | — | ​ |  | — |  | — | ​ |  | — |  | — | ​ |  | —
Consumer | ​ | 13 | ​ |  | 210 |  | 5 | ​ |  | 42 |  | 18 | ​ |  | 252
​ | ​ | 26 | ​ | $ | 1,238 |  | 10 | ​ | $ | 1,711 |  | 36 | ​ | $ | 2,949
​ The following tables present newly restructured loans during the years ended December 31, 2022 and 2021 by type of modification: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total
​ |  | Interest Only |  | Term |  | Combination |  | Modification
​ | ​ | (In Thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential one-to-four family | ​ | $ | — | ​ | $ | — | ​ | $ | 32 | ​ | $ | 32
Commercial real estate | ​ |  | — | ​ |  | — | ​ |  | 247 | ​ |  | 247
Commercial business | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Consumer | ​ |  | — | ​ |  | 4 | ​ |  | 3 | ​ |  | 7
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | $ | — | ​ | $ | 4 | ​ | $ | 282 | ​ | $ | 286
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total
​ |  | Interest Only |  | Term |  | Combination |  | Modification
​ | ​ | (In Thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential one-to-four family | ​ | $ | 31 | ​ | $ | 202 | ​ | $ | 134 | ​ | $ | 367
Commercial real estate | ​ | ​ | 1,768 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,768
Commercial business | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Consumer | ​ |  | — | ​ |  | 259 | ​ |  | 11 | ​ |  | 270
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | $ | 1,799 | ​ | $ | 461 | ​ | $ | 145 | ​ | $ | 2,405
​ At December 31, 2022, of the $2.9 million in TDRs, $1.7 million were classified as substandard using the Company’s internal grading system. The Company had no TDRs that were modified in the previous 12 months and subsequently defaulted during the year ended December 31, 2022. Loan Risk Ratings. The nature and extent of impairments of modified loans, including those which have experienced a subsequent payment default, are considered in the determination of an appropriate level of the allowance for credit losses. The Company utilizes an internal risk rating system comprised of a series of grades to categorize loans according to perceived risk associated with the expectation of debt repayment. The analysis of the borrower’s ability to repay considers specific information, including but not limited to current financial information, historical payment experience, industry information, collateral levels and collateral types. A risk rating is assigned at loan origination and then monitored throughout the contractual term for possible risk rating changes. Satisfactory loans range from Excellent to Moderate Risk, but generally are loans supported by strong recent financial statements. The character and capacity of the borrower are strong, including reasonable project performance, good industry experience, liquidity and/or net worth. The probability of financial deterioration seems unlikely. Repayment is expected from approved sources over a reasonable period of time. Watch loans are identified when the borrower has capacity to perform according to terms; however, elements of uncertainty exist. Margins of debt service coverage may be narrow, historical patterns of financial performance may be erratic, collateral margins may be diminished and the borrower may be a new and/or thinly capitalized company. Some management weakness may also exist, the borrower may have somewhat limited access to other financial institutions, and that access may diminish in difficult economic times. Special Mention loans have weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of repayment prospects or the Bank’s credit position at some future date. It is a transitional grade that is closely monitored for improvement or deterioration. The Substandard rating is applied to loans where the borrower exhibits well-defined weaknesses that jeopardize its continued performance and are of a severity that the distinct possibility of default exists. Loans are placed on “non-accrual” when management does not expect to collect payments consistent with acceptable and agreed upon terms of repayment. Doubtful loans have all the weaknesses inherent to those classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable. The Loss category is used when loans are considered uncollectable and no longer included as an asset. All loans are analyzed for risk rating updates regularly. For larger loans, rating assessments may be more frequent if relevant information is obtained earlier through debt covenant monitoring or overall relationship management. Smaller loans are monitored as identified by the loan officer based on the risk profile of the individual borrower or if the loan becomes past due related to credit issues. Loans rated Watch, Special Mention, Substandard or Doubtful are subject to quarterly review and monitoring processes. In addition to the regular monitoring performed by the lending personnel and credit committees, loans are subject to review by the credit review department, which verifies the appropriateness of the risk ratings for the loans chosen as part of its risk-based review plan. The following tables present a summary of loans by category and risk rating separated by origination and loan class as of December 31, 2023 and 2022.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Term Loans by Origination Year | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Revolving | ​ | ​ |
​ |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Loans |  | Total
​ | ​ | (In Thousands)
One- to four-family residential construction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | $ | 12,528 | ​ | $ | 9,878 | ​ | $ | 41 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 7,181 | ​ | $ | 29,628
Watch (5) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ | ​ | —
Special Mention (6) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ | ​ | —
Classified (7-9) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ | ​ | —
Total | ​ | ​ | 12,528 | ​ | ​ | 9,878 | ​ | ​ | 41 | ​ |  | — | ​ | ​ | — | ​ |  | — | ​ | ​ | 7,181 | ​ | ​ | 29,628
Current Period Gross Charge Offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Subdivision construction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | ​ | 532 | ​ | ​ | 1,022 | ​ | ​ | 21,333 | ​ | ​ | 43 | ​ | ​ | 64 | ​ | ​ | 365 | ​ | ​ | — | ​ | ​ | 23,359
Watch (5) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Special Mention (6) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Classified (7-9) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total | ​ | ​ | 532 | ​ | ​ | 1,022 | ​ | ​ | 21,333 | ​ |  | 43 | ​ | ​ | 64 | ​ |  | 365 | ​ | ​ | — | ​ | ​ | 23,359
Current Period Gross Charge Offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land development | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | ​ | 14,860 | ​ | ​ | 12,564 | ​ | ​ | 5,658 | ​ | ​ | 3,682 | ​ | ​ | 5,458 | ​ | ​ | 4,531 | ​ | ​ | 878 | ​ | ​ | 47,631
Watch (5) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Special Mention (6) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Classified (7-9) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 384 | ​ | ​ | 384
Total | ​ | ​ | 14,860 | ​ | ​ | 12,564 | ​ | ​ | 5,658 | ​ |  | 3,682 | ​ | ​ | 5,458 | ​ |  | 4,531 | ​ | ​ | 1,262 | ​ | ​ | 48,015
Current Period Gross Charge Offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other construction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | ​ | 60,895 | ​ | ​ | 422,727 | ​ | ​ | 203,918 | ​ | ​ | 15,867 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 703,407
Watch (5) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Special Mention (6) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Classified (7-9) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total | ​ | ​ | 60,895 | ​ | ​ | 422,727 | ​ | ​ | 203,918 | ​ | ​ | 15,867 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 703,407
Current Period Gross Charge Offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
One- to four-family residential | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | ​ | 66,733 | ​ | ​ | 330,489 | ​ | ​ | 203,781 | ​ | ​ | 108,232 | ​ | ​ | 60,288 | ​ | ​ | 118,570 | ​ | ​ | 483 | ​ | ​ | 888,576
Watch (5) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 171 | ​ | ​ | 862 | ​ | ​ | 46 | ​ | ​ | 1,079
Special Mention (6) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Classified (7-9) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 543 | ​ | ​ | 148 | ​ | ​ | — | ​ | ​ | 189 | ​ | ​ | — | ​ | ​ | 880
Total | ​ | ​ | 66,733 | ​ | ​ | 330,489 | ​ | ​ | 204,324 | ​ | ​ | 108,380 | ​ | ​ | 60,459 | ​ | ​ | 119,621 | ​ | ​ | 529 | ​ | ​ | 890,535
Current Period Gross Charge Offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 11 | ​ | ​ | 20 | ​ | ​ | 31
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other residential | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | ​ | 18,795 | ​ | ​ | 108,389 | ​ | ​ | 391,516 | ​ | ​ | 180,916 | ​ | ​ | 108,173 | ​ | ​ | 111,462 | ​ | ​ | 3,335 | ​ | ​ | 922,586
Watch (5) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Special Mention (6) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 12,322 | ​ | ​ | — | ​ | ​ | 12,322
Classified (7-9) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 7,163 | ​ | ​ | — | ​ | ​ | 7,163
Total | ​ | ​ | 18,795 | ​ | ​ | 108,389 | ​ | ​ | 391,516 | ​ | ​ | 180,916 | ​ | ​ | 108,173 | ​ | ​ | 130,947 | ​ | ​ | 3,335 | ​ | ​ | 942,071
Current Period Gross Charge Offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial real estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | ​ | 53,158 | ​ | ​ | 284,738 | ​ | ​ | 237,822 | ​ | ​ | 103,393 | ​ | ​ | 161,680 | ​ | ​ | 624,515 | ​ | ​ | 35,276 | ​ | ​ | 1,500,582
Watch (5) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 154 | ​ | ​ | 5,348 | ​ | ​ | — | ​ | ​ | 5,502
Special Mention (6) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 4,396 | ​ | ​ | — | ​ | ​ | 4,396
Classified (7-9) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 10,552 | ​ | ​ | — | ​ | ​ | 10,552
Total | ​ | ​ | 53,158 | ​ | ​ | 284,738 | ​ | ​ | 237,822 | ​ | ​ | 103,393 | ​ | ​ | 161,834 | ​ | ​ | 644,811 | ​ | ​ | 35,276 | ​ | ​ | 1,521,032
Current Period Gross Charge Offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial business | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | ​ | 58,551 | ​ | ​ | 92,224 | ​ | ​ | 30,361 | ​ | ​ | 15,371 | ​ | ​ | 10,043 | ​ | ​ | 55,044 | ​ | ​ | 57,177 | ​ | ​ | 318,771
Watch (5) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,369 | ​ | ​ | — | ​ | ​ | 1,369
Special Mention (6) | ​ | ​ | — | ​ | ​ | 1,186 | ​ | ​ | 3,840 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 4,900 | ​ | ​ | 9,926
Classified (7-9) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 4 | ​ | ​ | 27 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 31
Total | ​ | ​ | 58,551 | ​ | ​ | 93,410 | ​ | ​ | 34,205 | ​ | ​ | 15,398 | ​ | ​ | 10,043 | ​ | ​ | 56,413 | ​ | ​ | 62,077 | ​ | ​ | 330,097
Current Period Gross Charge Offs | ​ | ​ | — | ​ | ​ | 7 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,030 | ​ | ​ | — | ​ | ​ | 1,037
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | ​ | 16,629 | ​ | ​ | 12,010 | ​ | ​ | 6,163 | ​ | ​ | 2,811 | ​ | ​ | 828 | ​ | ​ | 12,089 | ​ | ​ | 122,166 | ​ | ​ | 172,696
Watch (5) | ​ | ​ | — | ​ | ​ | 3 | ​ | ​ | 21 | ​ | ​ | 6 | ​ | ​ | 3 | ​ | ​ | 201 | ​ | ​ | 154 | ​ | ​ | 388
Special Mention (6) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 8 | ​ | ​ | 8
Classified (7-9) | ​ | ​ | — | ​ | ​ | 42 | ​ | ​ | 12 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 49 | ​ | ​ | 9 | ​ | ​ | 112
Total | ​ | ​ | 16,629 | ​ | ​ | 12,055 | ​ | ​ | 6,196 | ​ | ​ | 2,817 | ​ | ​ | 831 | ​ | ​ | 12,339 | ​ | ​ | 122,337 | ​ | ​ | 173,204
Current Period Gross Charge Offs | ​ | ​ | 4 | ​ | ​ | 135 | ​ | ​ | 24 | ​ | ​ | 3 | ​ | ​ | 18 | ​ | ​ | 1,493 | ​ | ​ | 97 | ​ | ​ | 1,754
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Combined | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | ​ | 302,681 | ​ | ​ | 1,274,041 | ​ | ​ | 1,100,593 | ​ |  | 430,315 | ​ | ​ | 346,534 | ​ |  | 926,576 | ​ | ​ | 226,496 | ​ | ​ | 4,607,236
Watch (5) | ​ | ​ | — | ​ | ​ | 3 | ​ | ​ | 21 | ​ |  | 6 | ​ | ​ | 328 | ​ |  | 7,780 | ​ | ​ | 200 | ​ | ​ | 8,338
Special Mention (6) | ​ | ​ | — | ​ | ​ | 1,186 | ​ | ​ | 3,840 | ​ |  | — | ​ | ​ | — | ​ |  | 16,718 | ​ | ​ | 4,908 | ​ | ​ | 26,652
Classified (7-9) | ​ | ​ | — | ​ | ​ | 42 | ​ | ​ | 559 | ​ |  | 175 | ​ | ​ | — | ​ |  | 17,953 | ​ | ​ | 393 | ​ | ​ | 19,122
Total | ​ | $ | 302,681 | ​ | $ | 1,275,272 | ​ | $ | 1,105,013 | ​ | $ | 430,496 | ​ | $ | 346,862 | ​ | $ | 969,027 | ​ | $ | 231,997 | ​ | $ | 4,661,348
Current Period Gross Charge Offs | ​ | $ | 4 | ​ | $ | 142 | ​ | $ | 24 | ​ | $ | 3 | ​ | $ | 18 | ​ | $ | 2,534 | ​ | $ | 97 | ​ | $ | 2,822
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Term Loans by Origination Year | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Revolving | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Loans |  | Total
​ | ​ | (In Thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
One- to four-family residential construction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | $ | 21,885 | ​ | $ | 7,265 | ​ | $ | 1,391 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 3,308 | ​ | $ | 33,849
Watch (5) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ | ​ | —
Special Mention (6) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ | ​ | —
Classified (7-9) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ | ​ | —
Total | ​ | ​ | 21,885 | ​ | ​ | 7,265 | ​ | ​ | 1,391 | ​ |  | — | ​ | ​ | — | ​ |  | — | ​ | ​ | 3,308 | ​ | ​ | 33,849
Current Period Gross Charge Offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Subdivision construction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | ​ | 4,478 | ​ | ​ | 25,864 | ​ | ​ | 800 | ​ | ​ | 203 | ​ | ​ | 134 | ​ | ​ | 588 | ​ | ​ | — | ​ | ​ | 32,067
Watch (5) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Special Mention (6) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Classified (7-9) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total | ​ | ​ | 4,478 | ​ | ​ | 25,864 | ​ | ​ | 800 | ​ |  | 203 | ​ | ​ | 134 | ​ |  | 588 | ​ | ​ | — | ​ | ​ | 32,067
Current Period Gross Charge Offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Construction and land development | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | ​ | 16,746 | ​ | ​ | 6,914 | ​ | ​ | 4,866 | ​ | ​ | 7,338 | ​ | ​ | 762 | ​ | ​ | 3,990 | ​ | ​ | 613 | ​ | ​ | 41,229
Watch (5) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Special Mention (6) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Classified (7-9) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 384 | ​ | ​ | 384
Total | ​ | ​ | 16,746 | ​ | ​ | 6,914 | ​ | ​ | 4,866 | ​ |  | 7,338 | ​ | ​ | 762 | ​ |  | 3,990 | ​ | ​ | 997 | ​ | ​ | 41,613
Current Period Gross Charge Offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 84 | ​ | ​ | 84
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other construction | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | ​ | 113,512 | ​ | ​ | 446,125 | ​ | ​ | 176,340 | ​ | ​ | 21,713 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 757,690
Watch (5) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Special Mention (6) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Classified (7-9) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total | ​ | ​ | 113,512 | ​ | ​ | 446,125 | ​ | ​ | 176,340 | ​ | ​ | 21,713 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 757,690
Current Period Gross Charge Offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
One- to four-family residential | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | ​ | 340,886 | ​ | ​ | 219,504 | ​ | ​ | 128,509 | ​ | ​ | 73,162 | ​ | ​ | 39,685 | ​ | ​ | 97,236 | ​ | ​ | 687 | ​ | ​ | 899,669
Watch (5) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 179 | ​ | ​ | 88 | ​ | ​ | 1,341 | ​ | ​ | 57 | ​ | ​ | 1,665
Special Mention (6) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Classified (7-9) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 158 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,832 | ​ | ​ | 79 | ​ | ​ | 2,069
Total | ​ | ​ | 340,886 | ​ | ​ | 219,504 | ​ | ​ | 128,667 | ​ | ​ | 73,341 | ​ | ​ | 39,773 | ​ | ​ | 100,409 | ​ | ​ | 823 | ​ | ​ | 903,403
Current Period Gross Charge Offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 39 | ​ | ​ | 1 | ​ | ​ | 40
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other residential | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | ​ | 83,822 | ​ | ​ | 133,648 | ​ | ​ | 168,232 | ​ | ​ | 142,630 | ​ | ​ | 122,614 | ​ | ​ | 123,538 | ​ | ​ | 3,939 | ​ | ​ | 778,423
Watch (5) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 3,338 | ​ | ​ | — | ​ | ​ | 3,338
Special Mention (6) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Classified (7-9) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total | ​ | ​ | 83,822 | ​ | ​ | 133,648 | ​ | ​ | 168,232 | ​ | ​ | 142,630 | ​ | ​ | 122,614 | ​ | ​ | 126,876 | ​ | ​ | 3,939 | ​ | ​ | 781,761
Current Period Gross Charge Offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial real estate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | ​ | 221,341 | ​ | ​ | 171,484 | ​ | ​ | 109,939 | ​ | ​ | 203,426 | ​ | ​ | 185,682 | ​ | ​ | 577,216 | ​ | ​ | 36,658 | ​ | ​ | 1,505,746
Watch (5) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 23,338 | ​ | ​ | — | ​ | ​ | 23,338
Special Mention (6) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Classified (7-9) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,579 | ​ | ​ | — | ​ | ​ | 1,579
Total | ​ | ​ | 221,341 | ​ | ​ | 171,484 | ​ | ​ | 109,939 | ​ | ​ | 203,426 | ​ | ​ | 185,682 | ​ | ​ | 602,133 | ​ | ​ | 36,658 | ​ | ​ | 1,530,663
Current Period Gross Charge Offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 44 | ​ | ​ | — | ​ | ​ | 44
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial business | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | ​ | 45,349 | ​ | ​ | 66,258 | ​ | ​ | 39,645 | ​ | ​ | 15,505 | ​ | ​ | 9,309 | ​ | ​ | 65,307 | ​ | ​ | 64,088 | ​ | ​ | 305,461
Watch (5) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 34 | ​ | ​ | — | ​ | ​ | 34
Special Mention (6) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Classified (7-9) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 394 | ​ | ​ | 191 | ​ | ​ | 585
Total | ​ | ​ | 45,349 | ​ | ​ | 66,258 | ​ | ​ | 39,645 | ​ | ​ | 15,505 | ​ | ​ | 9,309 | ​ | ​ | 65,735 | ​ | ​ | 64,279 | ​ | ​ | 306,080
Current Period Gross Charge Offs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 51 | ​ | ​ | 51
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | ​ | 21,309 | ​ | ​ | 11,168 | ​ | ​ | 5,711 | ​ | ​ | 2,708 | ​ | ​ | 3,263 | ​ | ​ | 16,380 | ​ | ​ | 132,792 | ​ | ​ | 193,331
Watch (5) | ​ | ​ | — | ​ | ​ | 28 | ​ | ​ | — | ​ | ​ | 7 | ​ | ​ | — | ​ | ​ | 160 | ​ | ​ | 100 | ​ | ​ | 295
Special Mention (6) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Classified (7-9) | ​ | ​ | — | ​ | ​ | 11 | ​ | ​ | 9 | ​ | ​ | — | ​ | ​ | 2 | ​ | ​ | 248 | ​ | ​ | 359 | ​ | ​ | 629
Total | ​ | ​ | 21,309 | ​ | ​ | 11,207 | ​ | ​ | 5,720 | ​ | ​ | 2,715 | ​ | ​ | 3,265 | ​ | ​ | 16,788 | ​ | ​ | 133,251 | ​ | ​ | 194,255
Current Period Gross Charge Offs | ​ | ​ | 19 | ​ | ​ | 66 | ​ | ​ | 7 | ​ | ​ | 49 | ​ | ​ | 59 | ​ | ​ | 1,594 | ​ | ​ | 156 | ​ | ​ | 1,950
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Combined | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Satisfactory (1-4) | ​ | ​ | 869,328 | ​ | ​ | 1,088,230 | ​ | ​ | 635,433 | ​ |  | 466,685 | ​ | ​ | 361,449 | ​ |  | 884,255 | ​ | ​ | 242,085 | ​ | ​ | 4,547,465
Watch (5) | ​ | ​ | — | ​ | ​ | 28 | ​ | ​ | — | ​ |  | 186 | ​ | ​ | 88 | ​ |  | 28,211 | ​ | ​ | 157 | ​ | ​ | 28,670
Special Mention (6) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ | ​ | —
Classified (7-9) | ​ | ​ | — | ​ | ​ | 11 | ​ | ​ | 167 | ​ |  | — | ​ | ​ | 2 | ​ |  | 4,053 | ​ | ​ | 1,013 | ​ | ​ | 5,246
Total | ​ | $ | 869,328 | ​ | $ | 1,088,269 | ​ | $ | 635,600 | ​ | $ | 466,871 | ​ | $ | 361,539 | ​ | $ | 916,519 | ​ | $ | 243,255 | ​ | $ | 4,581,381
Current Period Gross Charge Offs | ​ | $ | 19 | ​ | $ | 66 | ​ | $ | 7 | ​ | $ | 49 | ​ | $ | 59 | ​ | $ | 1,677 | ​ | $ | 292 | ​ | $ | 2,169
​ ​ Certain of the Bank’s real estate loans are pledged as collateral for borrowings as set forth in Notes 9 and 11. Certain directors and executive officers of the Company and the Bank, and their affiliates, are customers of and had transactions with the Bank in the ordinary course of business. Except for the interest rates on loans secured by personal residences, in the opinion of management, all loans included in such transactions were made on substantially the same terms as those prevailing at the time for comparable transactions with unrelated parties. Generally, residential first mortgage loans and home equity lines of credit to all employees and directors have been granted at interest rates equal to the Bank’s cost of funds, subject to annual adjustments in the case of residential first mortgage loans and monthly adjustments in the case of home equity lines of credit. At December 31, 2023 and 2022, loans outstanding to these directors and executive officers, and their related interests, are summarized as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
​ | ​ | (In Thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​
Balance, beginning of year | ​ | $ | 7,950 | ​ | $ | 10,097
New loans | ​ |  | 10,694 | ​ |  | 3,079
Payments | ​ |  | (2,618) | ​ |  | (5,226)
​ | ​ | ​ | ​ | ​ | ​ | ​
Balance, end of year | ​ | $ | 16,026 | ​ | $ | 7,950
​

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent + Details
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- References No definition available. + Details
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