LOANS AND ALLOWANCE FOR CREDIT LOSSES

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


	September 30, 2025
													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	$	6	$	—	$	—	$	6	$	21,850	$	21,856	$	—
Subdivision construction		—		—		—		—		25,452		25,452		—
Land development		—		—		—		—		32,725		32,725		—
Commercial construction		—		—		—		—		242,936		242,936		—
Owner occupied one- to four-family residential		—		77		582		659		671,617		672,276		—
Non-owner occupied one- to four-family residential		—		—		1,124		1,124		123,392		124,516		—
Commercial real estate		—		—		—		—		1,530,990		1,530,990		—
Other residential (multi-family)		—		—		—		—		1,485,546		1,485,546		—
Commercial business		—		—		—		—		230,299		230,299		—
Consumer auto		20		3		9		32		24,415		24,447		—
Consumer other		65		2		13		80		23,632		23,712		—
Home equity lines of credit		93		—		—		93		123,266		123,359		—
Total	$	184	$	82	$	1,728	$	1,994	$	4,536,120	$	4,538,114	$	—


	December 31, 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	$	12	$	—	$	—	$	12	$	30,521	$	30,533	$	—
Subdivision construction		—		—		—		—		19,861		19,861		—
Land development		—		—		464		464		42,040		42,504		—
Commercial construction		—		—		—		—		352,793		352,793		—
Owner occupied one- to four-family residential		1,704		816		950		3,470		706,976		710,446		—
Non-owner occupied one- to four-family residential		642		—		1,681		2,323		120,578		122,901		—
Commercial real estate		—		—		77		77		1,543,665		1,543,742		—
Other residential (multi-family)		—		—		—		—		1,549,249		1,549,249		—
Commercial business		—		—		384		384		219,907		220,291		—
Consumer auto		39		1		—		40		25,747		25,787		—
Consumer other		145		4		17		166		27,739		27,905		—
Home equity lines of credit		63		56		—		119		115,717		115,836		—
Total	$	2,605	$	877	$	3,573	$	7,055	$	4,754,793	$	4,761,848	$	—

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, June 30, 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

Allowance for credit losses
Balance, June 30, 2025	$	9,204	$	15,594	$	28,794	$	2,936	$	4,712	$	3,575	$	64,815
Provision (credit) charged to expense		—		—		—		—		—		—		—
Losses charged off		—		—		—		—		(32)		(270)		(302)
Recoveries		2		—		—		—		90		144		236
Balance, September 30, 2025	$	9,206	$	15,594	$	28,794	$	2,936	$	4,770	$	3,449	$	64,749


	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, 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

Allowance for credit losses
Balance, January 1, 2025	$	9,224	$	15,594	$	28,802	$	2,735	$	4,656	$	3,749	$	64,760
Provision (credit) charged to expense		—		—		—		—		—		—		—
Losses charged off		(46)		—		(8)		—		(179)		(745)		(978)
Recoveries		28		—		—		201		293		445		967
Balance, September 30, 2025	$	9,206	$	15,594	$	28,794	$	2,936	$	4,770	$	3,449	$	64,749


	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, June 30, 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

Allowance for unfunded commitments
Balance, June 30, 2025	$	755	$	4,603	$	681	$	472	$	1,147	$	387	$	8,045
Provision (credit) charged to expense		46		(136)		(91)		(94)		(84)		(20)		(379)
Balance, September 30, 2025	$	801	$	4,467	$	590	$	378	$	1,063	$	367	$	7,666


	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, 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

Allowance for unfunded commitments
Balance, January 1, 2025	$	619	$	4,833	$	653	$	496	$	1,468	$	434	$	8,503
Provision (credit) charged to expense		182		(366)		(63)		(118)		(405)		(67)		(837)
Balance, September 30, 2025	$	801	$	4,467	$	590	$	378	$	1,063	$	367	$	7,666

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


	Amortized Cost Basis at December 31, 2024
	Interest Rate		Term				Total
	Reduction		Extension		Combination		Modifications

		(In Thousands)
Construction and land development	$	—	$	—	$	—	$	—
One- to four-family residential		—		—		—		—
Other residential (multi-family)		—		2,709		—		2,709
Commercial real estate		—		70		—		70
Commercial business		—		—		—		—
Consumer		—		31		—		31
	$	—	$	2,810	$	—	$	2,810

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, 2025 and December 31, 2024.


	Term Loans by Origination Year
													Revolving
September 30, 2025	2025 YTD		2024		2023		2022		2021		Prior		Loans		Total

	(In Thousands)
One- to four-family residential construction
Satisfactory (1-4)	$	6,449	$	4,465	$	3,162	$	822	$	—	$	—	$	6,958	$	21,856
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		6,449		4,465		3,162		822		—		—		6,958		21,856
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Subdivision construction
Satisfactory (1-4)		790		3,899		339		265		17,368		437		2,354		25,452
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		790		3,899		339		265		17,368		437		2,354		25,452
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Construction and land development
Satisfactory (1-4)		5,666		9,929		4,250		2,329		392		7,267		2,892		32,725
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		5,666		9,929		4,250		2,329		392		7,267		2,892		32,725
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Other construction
Satisfactory (1-4)		24,194		146,042		11,306		43,233		18,161		—		—		242,936
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		24,194		146,042		11,306		43,233		18,161		—		—		242,936
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

One- to four-family residential
Satisfactory (1-4)		48,726		40,795		53,640		278,886		157,517		212,337		1,315		793,216
Watch (5)		—		—		—		—		—		714		—		714
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		29		71		475		270		1,403		614		2,862
Total		48,726		40,824		53,711		279,361		157,787		214,454		1,929		796,792
Current Period Gross Charge Offs		—		—		—		21		16		9		—		46

Other residential (multi-family)
Satisfactory (1-4)		88,290		120,379		112,729		578,941		358,548		220,649		3,336		1,482,872
Watch (5)		—		—		—		—		—		2,674		—		2,674
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		88,290		120,379		112,729		578,941		358,548		223,323		3,336		1,485,546
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Commercial real estate
Satisfactory (1-4)		37,758		127,216		98,011		320,790		191,515		702,547		30,562		1,508,399
Watch (5)		—		—		—		10,548		—		7,768		—		18,316
Special Mention (6)		—		—		—		—		—		4,275		—		4,275
Classified (7-9)		—		—		—		—		—		—		—		—
Total		37,758		127,216		98,011		331,338		191,515		714,590		30,562		1,530,990
Current Period Gross Charge Offs		—		—		—		—		8		—		—		8

Commercial business
Satisfactory (1-4)		24,074		24,280		10,538		14,740		16,521		39,846		96,840		226,839
Watch (5)		—		—		—		863		2,568		29		—		3,460
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		24,074		24,280		10,538		15,603		19,089		39,875		96,840		230,299
Current Period Gross Charge Offs		—		—		—		—		—		135		44		179

Consumer
Satisfactory (1-4)		12,968		11,513		5,566		3,239		1,280		8,232		127,310		170,108
Watch (5)		—		—		—		1		—		190		72		263
Special Mention (6)		—		—		—		—		—		—		883		883
Classified (7-9)		—		1		20		11		14		47		171		264
Total		12,968		11,514		5,586		3,251		1,294		8,469		128,436		171,518
Current Period Gross Charge Offs		19		43		21		14		2		643		3		745

Combined
Satisfactory (1-4)		248,915		488,518		299,541		1,243,245		761,302		1,191,315		271,567		4,504,403
Watch (5)		—		—		—		11,412		2,568		11,375		72		25,427
Special Mention (6)		—		—		—		—		—		4,275		883		5,158
Classified (7-9)		—		30		91		486		284		1,450		785		3,126
Total	$	248,915	$	488,548	$	299,632	$	1,255,143	$	764,154	$	1,208,415	$	273,307	$	4,538,114
Current Period Gross Charge Offs	$	19	$	43	$	21	$	35	$	26	$	787	$	47	$	978


	Term Loans by Origination Year
													Revolving
December 31, 2024	2024		2023		2022		2021		2020		Prior		Loans		Total

	(In Thousands)
One- to four-family residential construction
Satisfactory (1-4)	$	11,750	$	8,961	$	822	$	—	$	—	$	—	$	9,000	$	30,533
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		11,750		8,961		822		—		—		—		9,000		30,533
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Subdivision construction
Satisfactory (1-4)		711		182		136		17,609		29		205		989		19,861
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		711		182		136		17,609		29		205		989		19,861
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Construction and land development
Satisfactory (1-4)		18,282		6,112		2,722		5,210		3,105		4,236		2,373		42,040
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		464		—		—		464
Total		18,282		6,112		2,722		5,210		3,569		4,236		2,373		42,504
Current Period Gross Charge Offs		—		—		—		—		—		101		—		101

Other construction
Satisfactory (1-4)		78,337		52,046		189,389		33,021		—		—		—		352,793
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		78,337		52,046		189,389		33,021		—		—		—		352,793
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

One- to four-family residential
Satisfactory (1-4)		42,931		59,973		304,054		176,759		91,238		153,392		426		828,773
Watch (5)		—		—		—		—		145		597		—		742
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		628		387		129		—		1,178		1,510		3,832
Total		42,931		60,601		304,441		176,888		91,383		155,167		1,936		833,347
Current Period Gross Charge Offs		—		49		—		—		—		16		—		65

Other residential (multi-family)
Satisfactory (1-4)		66,028		92,268		552,183		506,902		179,094		146,712		3,352		1,546,539
Watch (5)		—		—		—		—		—		2,710		—		2,710
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		66,028		92,268		552,183		506,902		179,094		149,422		3,352		1,549,249
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Commercial real estate
Satisfactory (1-4)		97,512		81,282		320,442		217,049		96,246		682,549		35,937		1,531,017
Watch (5)		—		—		—		—		—		7,879		—		7,879
Special Mention (6)		—		—		—		—		—		438		—		438
Classified (7-9)		—		—		—		77		—		4,331		—		4,408
Total		97,512		81,282		320,442		217,126		96,246		695,197		35,937		1,543,742
Current Period Gross Charge Offs		—		—		54		10		—		1,236		—		1,300

Commercial business
Satisfactory (1-4)		21,179		29,846		28,678		20,301		7,646		44,908		62,015		214,573
Watch (5)		—		—		1,005		3,296		—		—		—		4,301
Special Mention (6)		—		—		995		—		38		—		—		1,033
Classified (7-9)		—		245		—		—		—		139		—		384
Total		21,179		30,091		30,678		23,597		7,684		45,047		62,015		220,291
Current Period Gross Charge Offs		—		—		—		4		27		164		48		243

Consumer
Satisfactory (1-4)		17,391		9,234		6,147		2,618		1,151		10,478		120,653		167,672
Watch (5)		—		—		5		—		4		194		107		310
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		1		9		11		20		—		53		1,452		1,546
Total		17,392		9,243		6,163		2,638		1,155		10,725		122,212		169,528
Current Period Gross Charge Offs		13		105		122		32		4		1,161		54		1,491

Combined
Satisfactory (1-4)		354,121		339,904		1,404,573		979,469		378,509		1,042,480		234,745		4,733,801
Watch (5)		—		—		1,010		3,296		149		11,380		107		15,942
Special Mention (6)		—		—		995		—		38		438		—		1,471
Classified (7-9)		1		882		398		226		464		5,701		2,962		10,634
Total	$	354,122	$	340,786	$	1,406,976	$	982,991	$	379,160	$	1,059,999	$	237,814	$	4,761,848
Current Period Gross Charge Offs	$	13	$	154	$	176	$	46	$	31	$	2,678	$	102	$	3,200