XML 37 R26.htm IDEA: XBRL DOCUMENT v3.25.2
Note 3 - Loans Receivable and Allowance for Credit Losses - Loans (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  June 30,  December 31, 
  

2025

  

2024

 

COMMERCIAL REAL ESTATE ("CRE") LOANS

        

CRE owner occupied

 $180,250  $170,396 

CRE non-owner occupied

  171,979   174,921 

Commercial and speculative construction and development

  300,723   280,798 

Multi-family

  263,185   245,222 

Total CRE loans

  916,137   871,337 

RESIDENTIAL REAL ESTATE LOANS

        

One-to-four-family

  639,881   617,322 

Home equity

  85,613   75,147 

Residential custom construction

  54,024   49,902 

Total residential real estate

  779,518   742,371 

CONSUMER LOANS

        

Indirect home improvement

  530,375   541,946 

Marine

  72,765   74,931 

Other consumer

  3,151   3,304 

Total consumer loans

  606,291   620,181 

COMMERCIAL BUSINESS LOANS

        

Commercial and industrial (“C&I”)

  294,563   287,014 

Warehouse lending

  17,952   12,918 

Total commercial business loans

  312,515   299,932 

Total loans receivable, gross

  2,614,461   2,533,821 

ACL on loans

  (32,189)  (31,870)

Total loans receivable, net

 $2,582,272  $2,501,951 
Financing Receivable, Allowance for Credit Loss [Table Text Block]
  

At or For the Three Months Ended June 30, 2025

 
     Residential     Commercial    

ACL ON LOANS

 

CRE

  

Real Estate

  

Consumer

  

Business

  

Total

 

Beginning balance

 $6,904  $7,475  $14,856  $2,418  $31,653 

Provision for (reversal of) credit losses on loans

  166   179   1,468   (98)  1,715 

Charge-offs

        (1,641)     (1,641)

Recoveries

        392   70   462 

Net (charge-offs) recoveries

        (1,249)  70   (1,179)

Ending balance

 $7,070  $7,654  $15,075  $2,390  $32,189 
  

At or For the Three Months Ended June 30, 2024

 
     Residential     Commercial    

ACL ON LOANS

 

CRE

  

Real Estate

  

Consumer

  

Business

  

Total

 

Beginning balance

 $6,482  $7,771  $12,933  $4,293  $31,479 

Provision for (reversal of) credit losses on loans

  189   (354)  914   252   1,001 

Charge-offs

        (1,015)  (733)  (1,748)

Recoveries

        421   85   506 

Net charge-offs

        (594)  (648)  (1,242)

Ending balance

 $6,671  $7,417  $13,253  $3,897  $31,238 
  

At or For the Six Months Ended June 30, 2025

 
      

Residential

      

Commercial

     

ACL ON LOANS

 

CRE

  

Real Estate

  

Consumer

  

Business

  

Total

 

Beginning balance

 $7,001  $7,440  $14,185  $3,244  $31,870 

Provision for (reversal of) credit losses on loans

  69   214   3,428   (491)  3,220 

Charge-offs

        (3,277)  (433)  (3,710)

Recoveries

        739   70   809 

Net charge-offs

        (2,538)  (363)  (2,901)

Ending balance

 $7,070  $7,654  $15,075  $2,390  $32,189 
  

At or For the Six Months Ended June 30, 2024

 
      

Residential

      

Commercial

     

ACL ON LOANS

 

CRE

  

Real Estate

  

Consumer

  

Business

  

Total

 

Beginning balance

 $7,293  $6,814  $13,357  $4,070  $31,534 

(Reversal of) provision for credit losses on loans

  (622)  603   1,558   883   2,422 

Charge-offs

        (2,501)  (1,141)  (3,642)

Recoveries

        839   85   924 

Net charge-offs

        (1,662)  (1,056)  (2,718)

Ending balance

 $6,671  $7,417  $13,253  $3,897  $31,238 
Financing Receivable, Modified [Table Text Block]
  

For the Three Months Ended June 30, 2025

  

For the Six Months Ended June 30, 2025

 
  

Combination

      

Weighted-Average

  

Combination

      

Weighted-Average

 
  

Term

  

Total

  

Term

  

Term

  

Total

  

Term

 
  

Extension

  

Class of

  

Extension Payment

  

Extension

  

Class of

  

Extension Payment

 
  

Payment

  

Financing

  

Delay

  

Payment

  

Financing

  

Delay

 

CRE LOANS

 

Delay

  

Receivable

  

(in years)

  

Delay

  

Receivable

  

(in years)

 

CRE owner occupied

 $1,202   0.7%  3  $1,202   1.1%  3 
                         
      

Total

          

Total

     
      

Class of

          

Class of

     
  

Principal

  

Financing

  

Principal

  

Principal

  

Financing

  

Principal

 

COMMERCIAL BUSINESS LOANS

 

Forgiveness

  

Receivable

  

Forgiven

  

Forgiveness

  

Receivable

  

Forgiven

 

C&I

 $260   0.1% $357  $260   0.1% $357 
  

For the Three Months Ended June 30, 2024

  

For the Six Months Ended June 30, 2024

 
  

Combination

      

Weighted-Average

  

Combination

      

Weighted-Average

 
  

Term

  

Total

  

Term

  

Term

  

Total

  

Term

 
  

Extension

  

Class of

  

Extension Payment

  

Extension

  

Class of

  

Extension Payment

 
  

Payment

  

Financing

  

Delay

  

Payment

  

Financing

  

Delay

 

CRE LOANS

 

Delay

  

Receivable

  

(in years)

  

Delay

  

Receivable

  

(in years)

 

CRE owner occupied

 $1,116   0.6%  2  $1,116   0.6%  2 
Financing Receivable, Modified, Past Due [Table Text Block]
  

June 30, 2025

 
  

30-59

  

60-89

         
  

Days

  

Days

  

90 Days

  

Total

 
  

Past

  

Past

  

or More

  

Past

 

CRE LOANS

 

Due

  

Due

  

Past Due

  

Due

 

Commercial and speculative construction and development

 $  $  $9,083  $9,083 

COMMERCIAL BUSINESS LOANS

                

C&I

        260   260 
                 

Total loans

 $  $  $9,343  $9,343 
Financing Receivable, Past Due [Table Text Block]
  

June 30, 2025

 
  30-59  60-89                     
  

Days

  

Days

  

90 Days

  

Total

      

Total

     
  

Past

  

Past

  

or More

  

Past

      

Loans

  

Non-

 

CRE LOANS

 

Due

  

Due

  

Past Due

  

Due

  

Current

  

Receivable

  

Accrual (1)

 

CRE owner occupied

 $  $  $844  $844  $179,406  $180,250  $2,046 

CRE non-owner occupied

              171,979   171,979    

Commercial and speculative construction and development

        9,083   9,083   291,640   300,723   9,083 

Multi-family

              263,185   263,185    

Total CRE loans

        9,927   9,927   906,210   916,137   11,129 

RESIDENTIAL REAL ESTATE LOANS

                            

One-to-four-family (excludes loans held for sale)

        1,470   1,470   638,411   639,881   1,809 

Home equity

  79      126   205   85,408   85,613   251 

Residential custom construction

              54,024   54,024    

Total residential real estate loans

  79      1,596   1,675   777,843   779,518   2,060 

CONSUMER LOANS

                            

Indirect home improvement

  3,657   1,744   1,408   6,809   523,566   530,375   3,365 

Marine

  307   50   39   396   72,369   72,765   567 

Other consumer

  7   33   12   52   3,099   3,151   13 

Total consumer loans

  3,971   1,827   1,459   7,257   599,034   606,291   3,945 

COMMERCIAL BUSINESS LOANS

                            

C&I

        1,862   1,862   292,701   294,563   1,862 

Warehouse lending

              17,952   17,952    

Total commercial business loans

        1,862   1,862   310,653   312,515   1,862 

Total loans

 $4,050  $1,827  $14,844  $20,721  $2,593,740  $2,614,461  $18,996 
  

December 31, 2024

 
  30-59  60-89                     
  

Days

  

Days

  

90 Days

  

Total

      

Total

     
  

Past

  

Past

  

or More

  

Past

      

Loans

  

Non-

 

CRE LOANS

 

Due

  

Due

  

Past Due

  

Due

  

Current

  

Receivable

  

Accrual (1)

 

CRE owner occupied

 $845  $  $1,625  $2,470  $167,926  $170,396  $2,771 

CRE non-owner occupied

              174,921   174,921    

Commercial and speculative construction and development

        4,979   4,979   275,819   280,798   4,979 

Multi-family

              245,222   245,222    

Total CRE loans

  845      6,604   7,449   863,888   871,337   7,750 

RESIDENTIAL REAL ESTATE LOANS

                            

One-to-four-family

  2,507   253   76   2,836   614,486   617,322   164 

Home equity

  20      251   271   74,876   75,147   261 

Residential custom construction

  822         822   49,080   49,902    

Total residential real estate loans

  3,349   253   327   3,929   738,442   742,371   425 

CONSUMER LOANS

                            

Indirect home improvement

  3,920   1,787   758   6,465   535,481   541,946   1,677 

Marine

  718   150   40   908   74,023   74,931   289 

Other consumer

  17   1   13   31   3,273   3,304   14 

Total consumer loans

  4,655   1,938   811   7,404   612,777   620,181   1,980 

COMMERCIAL BUSINESS LOANS

                            

C&I

  118      3,331   3,449   283,565   287,014   3,446 

Warehouse lending

              12,918   12,918    

Total commercial business loans

  118      3,331   3,449   296,483   299,932   3,446 

Total loans

 $8,967  $2,191  $11,073  $22,231  $2,511,590  $2,533,821  $13,601 
Financing Receivable Credit Quality Indicators [Table Text Block]
  

June 30, 2025

 
                              

Revolving

     
                              

Loans

     

CRE LOANS

 

Term Loans by Year of Origination

  

Revolving

  

Converted

  

Total

 

CRE owner occupied

 

2025

  

2024

  

2023

  

2022

  

2021

  

Prior

  

Loans

  

to Term

  

Loans

 

Pass

 $16,960  $4,797  $32,536  $34,732  $12,788  $46,730  $  $  $148,543 

Watch

  149         3,921   12,526   7,391         23,987 

Special mention

           5,288      386         5,674 

Substandard

                 2,046         2,046 

Total CRE owner occupied

  17,109   4,797   32,536   43,941   25,314   56,553         180,250 

CRE non-owner occupied

                                    

Pass

  2,441   8,365   16,244   48,486   35,577   53,837         164,950 

Watch

                 416         416 

Special mention

        3,099   1,372      2,142         6,613 

Total CRE non-owner occupied

  2,441   8,365   19,343   49,858   35,577   56,395         171,979 

Commercial and speculative construction and development

                                    

Pass

  70,939   131,323   43,686   23,139   12,155   85   10,313      291,640 

Substandard

           9,083               9,083 

Total commercial and speculative construction and development

  70,939   131,323   43,686   32,222   12,155   85   10,313      300,723 

Multi-family

                                    

Pass

  23,624   20,732   7,060   20,094   88,115   103,560         263,185 

Total multi-family

  23,624   20,732   7,060   20,094   88,115   103,560         263,185 

Total CRE loans

 $114,113  $165,217  $102,625  $146,115  $161,161  $216,593  $10,313  $  $916,137 
  

June 30, 2025

 

RESIDENTIAL

                             

Revolving

     

REAL ESTATE LOANS

                             

Loans

     

One-to-four-family

 

Term Loans by Year of Origination

  

Revolving

  

Converted

  

Total

 

(excludes loans held for sale)

 

2025

  

2024

  

2023

  

2022

  

2021

  

Prior

  

Loans

  

to Term

  

Loans

 

Pass

 $60,494  $62,134  $111,733  $161,756  $101,329  $138,052  $  $  $635,498 

Substandard

        682   720      2,981         4,383 

Total one-to-four-family

  60,494   62,134   112,415   162,476   101,329   141,033         639,881 

Home equity

                                    

Pass

  13,078   2,673   1,952   305   1,377   7,104   58,873      85,362 

Substandard

                 9   242      251 

Total home equity

  13,078   2,673   1,952   305   1,377   7,113   59,115      85,613 

Residential custom construction

                                    

Pass

  18,701   31,725   2,228   1,370               54,024 

Total residential custom construction

  18,701   31,725   2,228   1,370               54,024 

Total residential real estate loans

 $92,273  $96,532  $116,595  $164,151  $102,706  $148,146  $59,115  $  $779,518 
  

June 30, 2025

 
                              

Revolving

     
                              Loans     

CONSUMER LOANS

 Term Loans by Year of Origination Revolving  Converted  Total 

Indirect home improvement

 

2025

  

2024

  

2023

  

2022

  

2021

  

Prior

  

Loans

  

to Term

  

Loans

 

Pass

 $55,257  $82,203  $114,599  $149,039  $65,997  $59,915  $  $  $527,010 

Substandard

  17   728   824   921   406   469         3,365 

Total indirect home improvement

  55,274   82,931   115,423   149,960   66,403   60,384         530,375 

Indirect home improvement gross charge-offs

  19   634   674   1,038   371   399         3,135 

Marine

                                    

Pass

  5,617   11,599   10,407   18,416   7,717   18,442         72,198 

Substandard

           114   96   357         567 

Total marine

  5,617   11,599   10,407   18,530   7,813   18,799         72,765 

Marine gross charge-offs

     63                     63 

Other consumer

                                    

Pass

  114   210   56   213   23   141   2,381      3,138 

Substandard

                    13      13 

Total other consumer

  114   210   56   213   23   141   2,394      3,151 

Other consumer gross charge-offs

              2   23   54      79 

Total consumer loans

 $61,005  $94,740  $125,886  $168,703  $74,239  $79,324  $2,394  $  $606,291 

Total consumer loans gross charge-offs

 $19  $697  $674  $1,038  $373  $422  $54  $  $3,277 
  

June 30, 2025

 
         

Revolving

     

COMMERCIAL

                             

Loans

     

BUSINESS LOANS

 Term Loans by Year of Origination  Revolving  Converted  Total 

C&I

 

2025

  

2024

  

2023

  

2022

  

2021

  

Prior

  

Loans

  

to Term

  

Loans

 

Pass

 $25,720  $57,730  $21,350  $16,522  $14,317  $12,434  $127,178  $747  $275,998 

Watch

        4,995      661   1,516   3,501      10,673 

Special mention

              520   451   1,700      2,671 

Substandard

  192      84      1,703   2,447   721   74   5,221 

Total C&I

  25,912   57,730   26,429   16,522   17,201   16,848   133,100   821   294,563 

C&I gross charge-offs

              433            433 

Warehouse lending

                                    

Pass

                    13,901      13,901 

Special mention

                    4,051      4,051 

Total warehouse lending

                    17,952      17,952 

Total commercial business loans

 $25,912  $57,730  $26,429  $16,522  $17,201  $16,848  $151,052  $821  $312,515 

Total commercial business loans gross charge-offs

 $  $  $  $  $433  $  $  $  $433 
                                     

TOTAL LOANS RECEIVABLE, GROSS

                                    

Pass

 $292,945  $413,491  $361,851  $474,072  $339,395  $440,300  $212,646  $747  $2,535,447 

Watch

  149      4,995   3,921   13,187   9,323   3,501      35,076 

Special mention

        3,099   6,660   520   2,979   5,751      19,009 

Substandard

  209   728   1,590   10,838   2,205   8,309   976   74   24,929 

Total loans receivable, gross

 $293,303  $414,219  $371,535  $495,491  $355,307  $460,911  $222,874  $821  $2,614,461 

Total gross charge-offs

 $19  $697  $674  $1,038  $806  $422  $54  $  $3,710 
  

December 31, 2024

 
                              

Revolving

     
                              

Loans

     

CRE LOANS

 

Term Loans by Year of Origination

  

Revolving

  

Converted

  

Total

 

CRE owner occupied

 

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Loans

  

to Term

  

Loans

 

Pass

 $4,659  $31,943  $35,248  $15,653  $28,970  $22,926  $  $679  $140,078 

Watch

        9,300   12,654      4,354         26,308 

Special mention

                 394         394 

Substandard

              1,625   1,991         3,616 

Total CRE owner occupied

  4,659   31,943   44,548   28,307   30,595   29,665      679   170,396 

CRE non-owner occupied

                                    

Pass

  8,364   16,491   48,829   36,221   14,682   43,216         167,803 

Watch

     3,135   1,389         2,594         7,118 

Total CRE non-owner occupied

  8,364   19,626   50,218   36,221   14,682   45,810         174,921 

Commercial and speculative construction and development

                                    

Pass

  129,201   77,241   28,810   29,851      380   10,336      275,819 

Substandard

        4,979                  4,979 

Total commercial and speculative construction and development

  129,201   77,241   33,789   29,851      380   10,336      280,798 

Multi-family

                                    

Pass

  20,662   7,030   20,098   89,733   59,886   47,813         245,222 

Total multi-family

  20,662   7,030   20,098   89,733   59,886   47,813         245,222 

Total CRE loans

 $162,886  $135,840  $148,653  $184,112  $105,163  $123,668  $10,336  $679  $871,337 
  

December 31, 2024

 

RESIDENTIAL

                             

Revolving

     

REAL ESTATE LOANS

                             

Loans

     

One-to-four-family

 

Term Loans by Year of Origination

  

Revolving

  

Converted

  

Total

 

(excludes loans held for sale)

 

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Loans

  

to Term

  

Loans

 

Pass

 $77,602  $110,505  $174,355  $109,006  $76,653  $66,426  $  $  $614,547 

Substandard

        735         2,040         2,775 

Total one-to-four-family

  77,602   110,505   175,090   109,006   76,653   68,466         617,322 

Home equity

                                    

Pass

  6,501   2,379   326   1,538   5,930   1,631   56,430   151   74,886 

Substandard

                 14   247      261 

Total home equity

  6,501   2,379   326   1,538   5,930   1,645   56,677   151   75,147 

Residential custom construction

                                    

Pass

  38,741   9,771   1,390                  49,902 

Total residential custom construction

  38,741   9,771   1,390                  49,902 

Total residential real estate loans

 $122,844  $122,655  $176,806  $110,544  $82,583  $70,111  $56,677  $151  $742,371 
  

December 31, 2024

 
                              

Revolving

     
                              Loans     

CONSUMER LOANS

 Term Loans by Year of Origination Revolving  Converted  Total 

Indirect home improvement

 

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Loans

  

to Term

  

Loans

 

Pass

 $98,516  $130,254  $167,896  $74,577  $28,045  $40,981  $  $  $540,269 

Substandard

  99   403   712   100   106   257         1,677 

Total indirect home improvement

  98,615   130,657   168,608   74,677   28,151   41,238         541,946 

Indirect home improvement gross charge-offs

  381   1,477   1,627   677   568   523         5,253 

Marine

                                    

Pass

  13,322   11,386   20,449   8,521   10,958   10,006         74,642 

Substandard

              106   183         289 

Total marine

  13,322   11,386   20,449   8,521   11,064   10,189         74,931 

Marine gross charge-offs

     21   128   51   128   237         565 

Other consumer

                                    

Pass

  310   93   334   56   35   126   2,336      3,290 

Substandard

           3         11      14 

Total other consumer

  310   93   334   59   35   126   2,347      3,304 

Other consumer gross charge-offs

  1   33   6         45   91      176 

Total consumer loans

 $112,247  $142,136  $189,391  $83,257  $39,250  $51,553  $2,347  $  $620,181 

Total consumer loans gross charge-offs

 $382  $1,531  $1,761  $728  $696  $805  $91  $  $5,994 
  

December 31, 2024

 
         

Revolving

     

COMMERCIAL

                             

Loans

     

BUSINESS LOANS

 Term Loans by Year of Origination  Revolving  Converted  Total 

C&I

 

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Loans

  

to Term

  

Loans

 

Pass

 $65,491  $20,084  $20,091  $16,468  $6,135  $8,791  $120,899  $602  $258,561 

Watch

     4,987      722   1,799      4,183      11,691 

Special mention

           543      556   6,375      7,474 

Substandard

     2,373      2,243   1,255   1,296   2,121      9,288 

Total C&I

  65,491   27,444   20,091   19,976   9,189   10,643   133,578   602   287,014 

C&I gross charge-offs

                 380   761      1,141 

Warehouse lending

                                    

Pass

                    11,060      11,060 

Special mention

                    1,858      1,858 

Total warehouse lending

                    12,918      12,918 

Total commercial business loans

 $65,491  $27,444  $20,091  $19,976  $9,189  $10,643  $146,496  $602  $299,932 

Total commercial business loans gross charge-offs

 $  $  $  $  $  $380  $761  $  $1,141 
                                     

TOTAL LOANS RECEIVABLE, GROSS

                                    

Pass

 $463,369  $417,177  $517,826  $381,624  $231,294  $242,296  $201,061  $1,432  $2,456,079 

Watch

     8,122   10,689   13,376   1,799   6,948   4,183      45,117 

Special mention

           543      950   8,233      9,726 

Substandard

  99   2,776   6,426   2,346   3,092   5,781   2,379      22,899 

Total loans receivable, gross

 $463,468  $428,075  $534,941  $397,889  $236,185  $255,975  $215,856  $1,432  $2,533,821 

Total gross charge-offs

 $382  $1,531  $1,761  $728  $696  $1,185  $852  $  $7,135 
Financing Receivable, Nonaccrual [Table Text Block]
  

June 30, 2025

  

December 31, 2024

 
  

Nonaccrual with

  

Nonaccrual with

  

Total

  

Nonaccrual with

  

Nonaccrual with

  

Total

 

CRE LOANS

 

No ACL

  

ACL

  

Nonaccrual

  

No ACL

  

ACL

  

Nonaccrual

 

CRE owner occupied

 $2,046  $  $2,046  $2,771  $  $2,771 

Commercial and speculative construction and development

     9,083   9,083      4,979   4,979 
   2,046   9,083   11,129   2,771   4,979   7,750 
                         

RESIDENTIAL REAL ESTATE LOANS

                        

One-to-four-family

  1,809      1,809   164      164 

Home equity

  251      251   261      261 
   2,060      2,060   425      425 
                         

CONSUMER LOANS

                        

Indirect home improvement

     3,365   3,365      1,677   1,677 

Marine

     567   567      289   289 

Other consumer

     13   13      14   14 
      3,945   3,945      1,980   1,980 

COMMERCIAL BUSINESS LOANS

                        

C&I

  1,697   165   1,862   2,486   960   3,446 

Total

 $5,803  $13,193  $18,996  $5,682  $7,919  $13,601 
Financing Receivable, Collateral Dependent Loans [Table Text Block]
  

June 30, 2025

  

December 31, 2024

 
     

Residential

  

Other

         

Residential

  

Other

     
     Real  Non-Real         Real  Non-Real     

CRE LOANS

 

CRE

  

Estate

  

Estate

  

Total

  

CRE

  

Estate

  

Estate

  

Total

 

CRE owner occupied

 $2,046  $  $  $2,046  $2,771  $  $  $2,771 

Commercial and speculative construction and development

  9,083         9,083   4,979          4,979 
   11,129         11,129   7,750         7,750 
                         

RESIDENTIAL REAL ESTATE LOANS

                                

One-to-four-family

     1,809      1,809      164      164 

Home equity

     251      251      261      261 
      2,060      2,060      425      425 
                         

CONSUMER LOANS

                                

Indirect home improvement

        3,365   3,365         1,677   1,677 

Marine

        567   567         289   289 
         3,932   3,932         1,966   1,966 

COMMERCIAL BUSINESS LOANS

                                

C&I

        1,862   1,862         3,446   3,446 

Total

 $11,129  $2,060  $5,794  $18,983  $7,750  $425  $5,412  $13,587