LOANS AND ALLOWANCE FOR CREDIT LOSSES

Schedule of classes of loans by aging as of the dates indicated


	September 30, 2024
													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	$	—	$	—	$	—	$	—	$	27,643	$	27,643	$	—
Subdivision construction		—		—		—		—		20,077		20,077		—
Land development		—		—		553		553		38,470		39,023		—
Commercial construction		—		—		—		—		334,299		334,299		—
Owner occupied one- to four-family residential		143		61		68		272		716,300		716,572		—
Non-owner occupied one- to four-family residential		636		—		525		1,161		120,673		121,834		—
Commercial real estate		—		—		6,102		6,102		1,539,903		1,546,005		—
Other residential (multi-family)		—		—		—		—		1,569,879		1,569,879		—
Commercial business		—		—		139		139		226,898		227,037		—
Industrial revenue bonds		—		—		—		—		11,632		11,632		—
Consumer auto		18		4		12		34		25,836		25,870		—
Consumer other		105		20		84		209		27,144		27,353		—
Home equity lines of credit		1,613		—		—		1,613		113,116		114,729		—

Total	$	2,515	$	85	$	7,483	$	10,083	$	4,771,870	$	4,781,953	$	—


	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 (multi-family)		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	$	—

Schedule of activity in the allowance for credit losses and unfunded commitments by portfolio segment


	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, July 1, 2023	$	11,818	$	13,189	$	25,508	$	2,502	$	7,827	$	4,008	$	64,852
Provision (credit) charged to expense		—		—		—		—		—		—		—
Losses charged off		—		—		—		—		—		(498)		(498)
Recoveries		41		—		—		—		28		330		399
Balance, September 30, 2023	$	11,859	$	13,189	$	25,508	$	2,502	$	7,855	$	3,840	$	64,753

Allowance for credit losses
Balance, July 1, 2024	$	9,678	$	13,886	$	29,469	$	2,841	$	5,677	$	3,704	$	65,255
Provision (credit) charged to expense		(463)		1,708		633		(106)		(930)		358		1,200
Losses charged off		—		—		(1,235)		—		(164)		(332)		(1,731)
Recoveries		4		—		—		—		17		170		191
Balance, September 30, 2024	$	9,219	$	15,594	$	28,867	$	2,735	$	4,600	$	3,900	$	64,915


	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		647		1,079		(1,590)		(363)		1,851		(124)		1,500
Losses charged off		(31)		—		—		—		—		(1,409)		(1,440)
Recoveries		72		—		2		—		182		957		1,213
Balance, September 30, 2023	$	11,859	$	13,189	$	25,508	$	2,502	$	7,855	$	3,840	$	64,753

Allowance for credit losses
Balance, January 1, 2024	$	9,820	$	13,370	$	28,171	$	2,844	$	6,935	$	3,530	$	64,670
Provision (credit) charged to expense		(570)		2,224		1,931		(202)		(2,526)		843		1,700
Losses charged off		(65)		—		(1,235)		(101)		(195)		(1,111)		(2,707)
Recoveries		34		—		—		194		386		638		1,252
Balance, September 30, 2024	$	9,219	$	15,594	$	28,867	$	2,735	$	4,600	$	3,900	$	64,915


	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, July 1, 2023	$	758	$	6,791	$	464	$	871	$	987	$	500	$	10,371
Provision (credit) charged to expense		146		(1,412)		33		108		(34)		(36)		(1,195)
Balance, September 30, 2023	$	904	$	5,379	$	497	$	979	$	953	$	464	$	9,176

Allowance for unfunded commitments
Balance, July 1, 2024	$	673	$	3,346	$	646	$	550	$	1,343	$	452	$	7,010
Provision (credit) charged to expense		(262)		(543)		(19)		(57)		801		17		(63)
Balance, September 30, 2024	$	411	$	2,803	$	627	$	493	$	2,144	$	469	$	6,947


	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		168		(3,245)		81		177		(781)		(40)		(3,640)
Balance, September 30, 2023	$	904	$	5,379	$	497	$	979	$	953	$	464	$	9,176

Allowance for unfunded commitments
Balance, January 1, 2024	$	706	$	4,006	$	619	$	741	$	959	$	456	$	7,487
Provision (credit) charged to expense		(295)		(1,203)		8		(248)		1,185		13		(540)
Balance, September 30, 2024	$	411	$	2,803	$	627	$	493	$	2,144	$	469	$	6,947

Schedule of loan modifications made to borrowers experiencing financial difficulty by the loan portfolio and type of concessions granted


	Amortized Cost Basis at September 30, 2024
	Interest Rate		Term				Total
	Reduction		Extension		Combination		Modifications

		(In Thousands)
Construction and land development	$	—	$	—	$	—	$	—
One- to four-family residential		—		—		—		—
Other residential (multi-family)		—		2,720		—		2,720
Commercial real estate		—		75		6,014		6,089
Commercial business		—		—		—		—
Consumer		—		5		—		5
	$	—	$	2,800	$	6,014	$	8,814


	Amortized Cost Basis at 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 (multi-family)		—		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

Schedule of loans by category and risk rating separated by origination and loan class

The following tables present a summary of loans by category and risk rating separated by origination and loan class as of September 30, 2024 and December 31, 2023.


	Term Loans by Origination Year
													Revolving
September 30, 2024	2024 YTD		2023		2022		2021		2020		Prior		Loans		Total

	(In Thousands)
One- to four-family residential construction
Satisfactory (1-4)	$	7,079	$	11,566	$	3,710	$	44	$	—	$	—	$	5,244	$	27,643
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		7,079		11,566		3,710		44		—		—		5,244		27,643
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Subdivision construction
Satisfactory (1-4)		436		173		809		17,633		30		222		774		20,077
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		436		173		809		17,633		30		222		774		20,077
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Construction and land development
Satisfactory (1-4)		13,178		7,455		3,936		5,153		3,092		5,302		354		38,470
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		553		—		—		553
Total		13,178		7,455		3,936		5,153		3,645		5,302		354		39,023
Current Period Gross Charge Offs		—		—		—		—		—		101		—		101

Other construction
Satisfactory (1-4)		41,729		54,931		205,478		32,161		—		—		—		334,299
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		41,729		54,931		205,478		32,161		—		—		—		334,299
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

One- to four-family residential
Satisfactory (1-4)		27,701		63,194		310,038		180,197		95,828		158,900		459		836,317
Watch (5)		—		—		—		—		145		684		—		829
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		72		306		—		—		882		—		1,260
Total		27,701		63,266		310,344		180,197		95,973		160,466		459		838,406
Current Period Gross Charge Offs		—		49		—		—		—		15		—		64

Other residential (multi-family)
Satisfactory (1-4)		61,801		91,470		497,174		538,574		212,321		162,417		3,402		1,567,159
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		2,720		—		2,720
Classified (7-9)		—		—		—		—		—		—		—		—
Total		61,801		91,470		497,174		538,574		212,321		165,137		3,402		1,569,879
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Commercial real estate
Satisfactory (1-4)		49,148		71,127		351,065		225,014		96,327		700,369		34,019		1,527,069
Watch (5)		—		—		—		—		—		8,056		—		8,056
Special Mention (6)		—		—		—		—		—		439		—		439
Classified (7-9)		—		—		—		86		—		10,355		—		10,441
Total		49,148		71,127		351,065		225,100		96,327		719,219		34,019		1,546,005
Current Period Gross Charge Offs		—		—		54		—		—		1,181		—		1,235

Commercial business
Satisfactory (1-4)		14,082		35,041		60,157		21,326		8,218		45,992		45,487		230,303
Watch (5)		—		—		—		—		—		10		—		10
Special Mention (6)		—		—		2,045		3,384		42		—		2,553		8,024
Classified (7-9)		191		—		—		—		2		139		—		332
Total		14,273		35,041		62,202		24,710		8,262		46,141		48,040		238,669
Current Period Gross Charge Offs		—		—		—		4		27		164		—		195

Consumer
Satisfactory (1-4)		14,270		10,844		7,399		3,186		1,393		9,982		119,660		166,734
Watch (5)		—		—		7		16		4		196		109		332
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		2		13		31		6		—		121		713		886
Total		14,272		10,857		7,437		3,208		1,397		10,299		120,482		167,952
Current Period Gross Charge Offs		5		80		96		32		4		855		41		1,113

Combined
Satisfactory (1-4)		229,424		345,801		1,439,766		1,023,288		417,209		1,083,184		209,399		4,748,071
Watch (5)		—		—		7		16		149		8,946		109		9,227
Special Mention (6)		—		—		2,045		3,384		42		3,159		2,553		11,183
Classified (7-9)		193		85		337		92		555		11,497		713		13,472
Total	$	229,617	$	345,886	$	1,442,155	$	1,026,780	$	417,955	$	1,106,786	$	212,774	$	4,781,953
Current Period Gross Charge Offs	$	5	$	129	$	150	$	36	$	31	$	2,316	$	41	$	2,708


	Term Loans by Origination Year
													Revolving
December 31, 2023	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 (multi-family)
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		77		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