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Loans Receivable and Allowance for Credit Losses (Tables) | 3 Months Ended
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Mar. 31, 2024
Loans Receivable and Allowance for Credit Losses [Abstract] |
Recorded Investment in Loans Receivable |
| March 31, 2024 |  | December 31, 2023
|  | (In Thousands)
Residential one-to-four family | $ | 244,762 |  | $ | 248,295
Commercial and multi-family |  | 2,392,970 |  |  | 2,434,115
Construction |  | 180,975 |  |  | 192,816
Commercial business(1) |  | 276,864 |  |  | 269,274
Business express |  | 101,209 |  |  | 102,928
Home equity(2) |  | 65,518 |  |  | 66,331
Consumer |  | 2,847 |  |  | 3,643
|  | 3,265,145 |  |  | 3,317,402
Less: |  |  |  |  |
Deferred loan fees, net |  | (3,705) |  |  | (4,086)
Allowance for credit losses |  | (34,563) |  |  | (33,608)
Total Loans, net | $ | 3,226,877 |  | $ | 3,279,708
(1) Excludes Business express loans. (2) Includes home equity lines of credit.
Allowance for Credit Losses | The following table sets forth the activity in the Company’s allowance for credit losses for the three months ended March 31, 2024, and the related portion of the allowances for credit losses that is allocated to each loan class, as of March 31, 2024 (in thousands):
| Residential |  |  | Commercial & Multi-family |  | Construction |  | Commercial Business (1) |  | Business Express |  | Home Equity (2) |  | Consumer |  | Unallocated |  | Total
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance, January 1, 2024 | $ | 2,344 |  | $ | 16,301 |  | $ | 3,841 |  | $ | 5,811 |  | $ | 4,542 |  | $ | 691 |  | $ | 78 |  | $ | - |  | $ | 33,608
Charge-offs: |  | - |  |  | - |  |  | - |  |  | (29) |  |  | (1,122) |  |  | - |  |  | - |  |  | - |  |  | (1,151)
Recoveries: |  | 11 |  |  | - |  |  | - |  |  | 3 |  |  | 4 |  |  | - |  |  | - |  |  | - |  |  | 18
Provision (benefit): |  | (192) |  |  | (938) |  |  | (604) |  |  | 1,855 |  |  | 1,606 |  |  | (41) |  |  | 402 |  |  | - |  |  | 2,088
Ending Balance, March 31, 2024 | $ | 2,163 |  | $ | 15,363 |  | $ | 3,237 |  | $ | 7,640 |  | $ | 5,030 |  | $ | 650 |  | $ | 480 |  | $ | - |  | $ | 34,563
Ending Balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | - |  | $ | 956 |  | $ | 203 |  | $ | 3,291 |  | $ | 657 |  | $ | - |  | $ | 409 |  | $ | - |  | $ | 5,516
Collectively evaluated |  | 2,163 |  |  | 14,407 |  |  | 3,034 |  |  | 4,349 |  |  | 4,373 |  |  | 650 |  |  | 71 |  |  | - |  |  | 29,047
Ending Balance, March 31, 2024 | $ | 2,163 |  | $ | 15,363 |  | $ | 3,237 |  | $ | 7,640 |  | $ | 5,030 |  | $ | 650 |  | $ | 480 |  | $ | - |  | $ | 34,563
Loans Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 173 |  | $ | 52,572 |  | $ | 3,802 |  | $ | 8,315 |  | $ | 657 |  | $ | 212 |  | $ | - |  | $ | - |  | $ | 65,731
Collectively evaluated |  | 244,589 |  |  | 2,340,398 |  |  | 177,173 |  |  | 268,549 |  |  | 100,552 |  |  | 65,306 |  |  | 2,847 |  |  | - |  |  | 3,199,414
Total Gross Loans: | $ | 244,762 |  | $ | 2,392,970 |  | $ | 180,975 |  | $ | 276,864 |  | $ | 101,209 |  | $ | 65,518 |  | $ | 2,847 |  | $ | - |  | $ | 3,265,145
(1) Excludes Business express loans. (2) Includes home equity lines of credit. The following table sets forth the activity in the Company’s allowance for credit losses for the three months ended March 31, 2023, and the related portion of the allowances for credit losses that is allocated to each loan class, as of March 31, 2023 (in thousands):
| Residential |  |  | Commercial & Multi-family |  | Construction |  | Commercial Business (1) |  | Business Express |  | Home Equity (2) |  | Consumer |  | Unallocated |  | Total
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance December 31, 2022 | $ | 2,474 |  | $ | 21,749 |  | $ | 2,094 |  | $ | 4,495 |  | $ | 872 |  | $ | 485 |  | $ | 24 |  | $ | 180 |  | $ | 32,373
Effect of adopting ASU No. 2016-13 ("CECL") |  | 144 |  |  | (7,123) |  |  | 1,387 |  |  | 1,734 |  |  | (316) |  |  | 182 |  |  | 7 |  |  | (180) |  |  | (4,165)
Beginning Balance, January 1, 2023 | $ | 2,618 |  | $ | 14,626 |  | $ | 3,481 |  | $ | 6,229 |  | $ | 556 |  | $ | 667 |  | $ | 31 |  | $ | - |  | $ | 28,208
Charge-offs: |  | - |  |  | - |  |  | - |  |  | (1) |  |  | - |  |  | - |  |  | - |  |  | - |  |  | (1)
Recovery: |  | 12 |  |  | - |  |  | - |  |  | 25 |  |  | - |  |  | 16 |  |  | - |  |  | - |  |  | 53
Provisions (benefit): |  | (269) |  |  | 340 |  |  | 369 |  |  | (780) |  |  | 962 |  |  | (3) |  |  | 3 |  |  | - |  |  | 622
Ending Balance March 31, 2023 | $ | 2,361 |  | $ | 14,966 |  | $ | 3,850 |  | $ | 5,473 |  | $ | 1,518 |  | $ | 680 |  | $ | 34 |  | $ | - |  | $ | 28,882
Ending Balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | - |  | $ | - |  | $ | 605 |  | $ | 1,942 |  | $ | 39 |  | $ | - |  | $ | - |  | $ | - |  | $ | 2,586
Collectively evaluated |  | 2,361 |  |  | 14,966 |  |  | 3,245 |  |  | 3,531 |  |  | 1,479 |  |  | 680 |  |  | 34 |  |  | - |  |  | 26,296
Ending Balance March 31, 2023 | $ | 2,361 |  | $ | 14,966 |  | $ | 3,850 |  | $ | 5,473 |  | $ | 1,518 |  | $ | 680 |  | $ | 34 |  | $ | - |  | $ | 28,882
Loans Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 358 |  | $ | 10,114 |  | $ | 3,217 |  | $ | 3,644 |  | $ | 39 |  | $ | 212 |  | $ | - |  | $ | - |  | $ | 17,584
Collectively evaluated |  | 246,325 |  |  | 2,456,818 |  |  | 159,336 |  |  | 238,349 |  |  | 85,566 |  |  | 58,610 |  |  | 3,383 |  |  | - |  |  | 3,248,387
Total Gross Loans: | $ | 246,683 |  | $ | 2,466,932 |  | $ | 162,553 |  | $ | 241,993 |  | $ | 85,605 |  | $ | 58,822 |  | $ | 3,383 |  | $ | - |  | $ | 3,265,971
(1) Excludes Business express loans. (2) Includes home equity lines of credit. ‎ Note 7 - Loans Receivable and Allowance for Credit Losses (Continued) The following table sets forth the amount recorded in loans receivable at December 31, 2023. The table also details the amount of total loans receivable that are evaluated individually, and collectively, for impairment and the related portion of the allowance for credit losses that is allocated to each loan class (in thousands):
| Residential |  | Commercial & Multi-family |  | Construction |  | Commercial Business (1) |  | Business Express |  | Home Equity (2) |  | Consumer |  | Unallocated |  | Total
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance, December 31, 2022 | $ | 2,474 |  | $ | 21,749 |  | $ | 2,094 |  | $ | 4,495 |  | $ | 872 |  | $ | 485 |  | $ | 24 |  | $ | 180 |  | $ | 32,373
Effect of adopting ASU No. 2016-13 ("CECL") |  | 144 |  |  | (7,123) |  |  | 1,387 |  |  | 1,734 |  |  | (316) |  |  | 182 |  |  | 7 |  |  | (180) |  |  | (4,165)
Beginning Balance, January 1, 2023 | $ | 2,618 |  | $ | 14,626 |  | $ | 3,481 |  | $ | 6,229 |  | $ | 556 |  | $ | 667 |  | $ | 31 |  | $ | - |  | $ | 28,208
Charge-offs: |  | - |  |  | - |  |  | - |  |  | - |  |  | (805) |  |  | - |  |  | - |  |  | - |  |  | (805)
Recoveries: |  | 45 |  |  | - |  |  | - |  |  | 29 |  |  | 11 |  |  | 16 |  |  | - |  |  | - |  |  | 101
Provision (benefit): |  | (319) |  |  | 1,675 |  |  | 360 |  |  | (447) |  |  | 4,780 |  |  | 8 |  |  | 47 |  |  | - |  |  | 6,104
Ending Balance, December 31, 2023 | $ | 2,344 |  | $ | 16,301 |  | $ | 3,841 |  | $ | 5,811 |  | $ | 4,542 |  | $ | 691 |  | $ | 78 |  | $ | - |  | $ | 33,608
Ending Balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | - |  | $ | 990 |  | $ | 310 |  | $ | 2,132 |  | $ | 797 |  | $ | - |  | $ | - |  | $ | - |  | $ | 4,229
Collectively evaluated |  | 2,344 |  |  | 15,311 |  |  | 3,531 |  |  | 3,679 |  |  | 3,745 |  |  | 691 |  |  | 78 |  |  | - |  |  | 29,379
Ending Balance, December 31, 2023 | $ | 2,344 |  | $ | 16,301 |  | $ | 3,841 |  | $ | 5,811 |  | $ | 4,542 |  | $ | 691 |  | $ | 78 |  | $ | - |  | $ | 33,608
Loans Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated | $ | 444 |  | $ | 42,259 |  | $ | 4,292 |  | $ | 6,015 |  | $ | 797 |  | $ | 212 |  | $ | - |  | $ | - |  | $ | 54,019
Collectively evaluated |  | 247,851 |  |  | 2,391,856 |  |  | 188,524 |  |  | 263,259 |  |  | 102,131 |  |  | 66,119 |  |  | 3,643 |  |  | - |  |  | 3,263,383
Total Gross Loans | $ | 248,295 |  | $ | 2,434,115 |  | $ | 192,816 |  | $ | 269,274 |  | $ | 102,928 |  | $ | 66,331 |  | $ | 3,643 |  | $ | - |  | $ | 3,317,402
(1) Excludes Business express loans. (2) Includes home equity lines of credit.
Allowance for Credit Losses on Off-Balance Sheet Exposures |
|  | Three Months Ended March 31, 2024
|  | (In thousands)
Allowance for Credit Losses: |  |
Balance at December 31, 2023 | $ | 694
Provision for credit losses |  | 65
Balance at March 31, 2024 | $ | 759
|  | Three Months Ended March 31, 2023
|  | (In thousands)
Allowance for Credit Losses: |  |
Balance at December 31, 2022 | $ | -
Impact of adopting ASU 2016-13 ("CECL") effective January 1, 2023 |  | 1,266
Benefit for credit losses |  | (577)
Balance at March 31, 2023 | $ | 689
Delinquency Status of Total Loans | The following table sets forth the delinquency status of total loans receivable as of March 31, 2024:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans Receivable
| 30-59 Days |  | 60-90 Days |  | Greater Than |  | Total Past |  |  |  |  | Total Loans |  | >90 Days
| Past Due |  | Past Due |  | 90 Days |  | Due |  | Current |  | Receivable |  | and Accruing
|  | (In Thousands)
Residential one-to-four family | $ | 1,499 |  | $ | 308 |  | $ | - |  | $ | 1,807 |  | $ | 242,955 |  | $ | 244,762 |  | $ | -
Commercial and multi-family |  | 3,600 |  |  | 17,100 |  |  | 6,842 |  |  | 27,542 |  |  | 2,365,428 |  |  | 2,392,970 |  |  | -
Construction |  | 577 |  |  | 387 |  |  | 586 |  |  | 1,550 |  |  | 179,425 |  |  | 180,975 |  |  | -
Commercial business(1) |  | 3,831 |  |  | 308 |  |  | 2,443 |  |  | 6,582 |  |  | 270,282 |  |  | 276,864 |  |  | -
Business express |  | 2,272 |  |  | 662 |  |  | - |  |  | 2,934 |  |  | 98,275 |  |  | 101,209 |  |  |
Home equity(2) |  | 816 |  |  | 330 |  |  | - |  |  | 1,146 |  |  | 64,372 |  |  | 65,518 |  |  | -
Consumer |  | - |  |  | - |  |  | - |  |  | - |  |  | 2,847 |  |  | 2,847 |  |  | -
Total | $ | 12,595 |  | $ | 19,095 |  | $ | 9,871 |  | $ | 41,561 |  | $ | 3,223,584 |  | $ | 3,265,145 |  | $ | -
(1) Excludes Business express loans. (2) Includes home equity lines of credit. The following table sets forth the delinquency status of total loans receivable at December 31, 2023:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Loans Receivable
| 30-59 Days |  | 60-90 Days |  | Greater Than |  | Total Past |  |  |  |  | Total Loans |  | >90 Days
| Past Due |  | Past Due |  | 90 Days |  | Due |  | Current |  | Receivable |  | and Accruing
|  | (In Thousands)
Residential one-to-four family | $ | 4,701 |  | $ | - |  | $ | 270 |  | $ | 4,971 |  | $ | 243,324 |  | $ | 248,295 |  | $ | -
Commercial and multi-family |  | 1,853 |  |  | 7,876 |  |  | 6,842 |  |  | 16,571 |  |  | 2,417,544 |  |  | 2,434,115 |  |  | -
Construction |  | 3,641 |  |  | - |  |  | 586 |  |  | 4,227 |  |  | 188,589 |  |  | 192,816 |  |  | -
Commercial business(1) |  | 2,314 |  |  | 362 |  |  | 1,081 |  |  | 3,757 |  |  | 265,517 |  |  | 269,274 |  |  | -
Business express |  | 1,922 |  |  | 249 |  |  | 50 |  |  | 2,221 |  |  | 100,707 |  |  | 102,928 |  |  |
Home equity(2) |  | 907 |  |  | - |  |  | - |  |  | 907 |  |  | 65,424 |  |  | 66,331 |  |  | -
Consumer |  | - |  |  | - |  |  | - |  |  | - |  |  | 3,643 |  |  | 3,643 |  |  | -
Total | $ | 15,338 |  | $ | 8,487 |  | $ | 8,829 |  | $ | 32,654 |  | $ | 3,284,748 |  | $ | 3,317,402 |  | $ | -
(1) Excludes Business express loans. (2) Includes home equity lines of credit.
Amortized Cost Basis Of Loans Modified |
|  | For the Three Months Ended March 31, 2024
|  | (In Thousands)
Significant Payment Delay |  | Number |  | Amortized Cost Basis |  | % of Total Class of Financing Receivable |  | Financial Effect
Residential one-to-four family |  | 1 | $ | 180 |  | 0.01 | % | Amortization extension
Non-Accruing Loans |
| As of March 31, 2024
| (in Thousands)
|  | Nonaccrual loans with an Allowance for Credit Losses |  |  | Nonaccrual loans without an Allowance for Credit Losses |  |  | Total Nonaccrual loans |  |  | Amortized Cost of Loans Past due 90 and Still Accruing
Residential one-to-four family | $ | - |  | $ | 429 |  | $ | 429 |  | $ | -
Commercial and multi-family |  | 2,029 |  |  | 10,598 |  |  | 12,627 |  |  | -
Construction |  | 2,251 |  |  | 974 |  |  | 3,225 |  |  | -
Commercial business (1) |  | 1,983 |  |  | 3,933 |  |  | 5,916 |  |  | -
Business express loans |  | - |  |  | - |  |  | - |  |  | -
Home equity (2) |  | - |  |  | 44 |  |  | 44 |  |  | -
Consumer |  | - |  |  | - |  |  | - |  |  | -
Total | $ | 6,263 |  | $ | 15,978 |  | $ | 22,241 |  | $ | -
(1) Excludes Business express loans. (2) Includes home equity lines of credit.
| As of December 31, 2023
| (in Thousands)
|  | Nonaccrual loans with an Allowance for Credit Losses |  |  | Nonaccrual loans without an Allowance for Credit Losses |  |  | Total Nonaccrual loans |  |  | Amortized Cost of Loans Past due 90 and Still Accruing
Residential one-to-four family | $ | - |  | $ | 270 |  | $ | 270 |  | $ | -
Commercial and multi-family |  | 2,029 |  |  | 6,655 |  |  | 8,684 |  |  | -
Construction |  | 2,312 |  |  | 1,980 |  |  | 4,292 |  |  | -
Commercial business (1) |  | 2,050 |  |  | 2,892 |  |  | 4,942 |  |  | -
Business express loans |  | 549 |  |  | - |  |  | 549 |  |  | -
Home equity (2) |  | - |  |  | 46 |  |  | 46 |  |  | -
Total | $ | 6,940 |  | $ | 11,843 |  | $ | 18,783 |  | $ | -
(1) Excludes Business express loans. (2) Includes home equity lines of credit.
Loan Portfolio by Pass Rating | The following table summarizes the Company's loans by year of origination and internally assigned credit risk rating at March 31, 2024 and gross charge-offs for the three months ended March 31, 2024.
Loans by Year of Origination at March 31, 2024
|  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  | Revolving Loans |  | Revolving Loans to Term Loans |  | Total
Residential one-to-four family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | - | $ | 17,095 | $ | 52,521 | $ | 37,956 | $ | 31,210 | $ | 103,842 | $ | - | $ | - | $ | 242,624
Special Mention |  | - |  | - |  | 489 |  | 90 |  | - |  | - |  | - |  | - |  | 579
Substandard |  | - |  | - |  | - |  | 1,303 |  | - |  | 256 |  | - |  | - |  | 1,559
Total one-to-four family | $ | - | $ | 17,095 | $ | 53,010 | $ | 39,349 | $ | 31,210 | $ | 104,098 | $ | - | $ | - | $ | 244,762
Commercial and multi-family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 1,200 | $ | 216,671 | $ | 764,734 | $ | 223,690 | $ | 213,531 | $ | 843,449 | $ | 2,000 | $ | - | $ | 2,265,275
Special Mention |  | - |  | 9,871 |  | 34,181 |  | - |  | - |  | 5,801 |  | 140 |  | - |  | 49,993
Substandard |  | - |  | - |  | 14,865 |  | 4,639 |  | 3,575 |  | 54,623 |  | - |  | - |  | 77,702
Total Commercial and multi-family | $ | 1,200 | $ | 226,542 | $ | 813,780 | $ | 228,329 | $ | 217,106 | $ | 903,873 | $ | 2,140 | $ | - | $ | 2,392,970
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | - | $ | 25,473 | $ | 71,926 | $ | 52,767 | $ | 19,448 | $ | 1,849 | $ | 5,710 | $ | - | $ | 177,173
Special Mention |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
Substandard |  | - |  | - |  | - |  | 965 |  | 586 |  | 2,251 |  | - |  | - |  | 3,802
Total Construction | $ | - | $ | 25,473 | $ | 71,926 | $ | 53,732 | $ | 20,034 | $ | 4,100 | $ | 5,710 | $ | - | $ | 180,975
Commercial business |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | - | $ | 3,141 |  | 290 |  | 1,984 | $ | 4,135 | $ | 40,198 | $ | 207,677 | $ | 549 | $ | 257,974
Special Mention |  | - |  | - |  | - |  | 421 |  | - |  | 1,063 |  | 4,003 |  | - |  | 5,487
Substandard |  | - |  | - |  | - |  | - |  | - |  | 4,645 |  | 7,356 |  | 1,402 |  | 13,403
Total Commercial business | $ | - | $ | 3,141 | $ | 290 | $ | 2,405 | $ | 4,135 | $ | 45,906 | $ | 219,036 | $ | 1,951 | $ | 276,864
Business express |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | - | $ | - |  | - |  | - | $ | - | $ | - | $ | 98,604 | $ | - | $ | 98,604
Special Mention |  | - |  | - |  | - |  | - |  | - |  | - |  | 1,703 |  | - |  | 1,703
Substandard |  | - |  | - |  | - |  | - |  | - |  | - |  | 902 |  | - |  | 902
Total Business express | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 101,209 | $ | - | $ | 101,209
Home equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | - | $ | 3,979 | $ | 1,461 | $ | 541 | $ | 754 | $ | 7,219 | $ | 50,445 | $ | 746 | $ | 65,145
Special Mention |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
Substandard |  | - |  | - |  | 44 |  | - |  | - |  | - |  | 117 |  | 212 |  | 373
Total Home equity | $ | - | $ | 3,979 | $ | 1,505 | $ | 541 | $ | 754 | $ | 7,219 | $ | 50,562 | $ | 958 | $ | 65,518
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 1,059 | $ | 1,183 | $ | 451 | $ | 19 | $ | 105 | $ | 24 | $ | 6 | $ | - | $ | 2,847
Special Mention |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
Substandard |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
Total Consumer | $ | 1,059 | $ | 1,183 | $ | 451 | $ | 19 | $ | 105 | $ | 24 | $ | 6 | $ | - | $ | 2,847
Total Loans | $ | 2,259 | $ | 277,413 | $ | 940,962 | $ | 324,375 | $ | 273,344 | $ | 1,065,220 | $ | 378,663 | $ | 2,909 | $ | 3,265,145
Gross charge-offs | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 29 | $ | 1,122 | $ | - | $ | 1,151
‎ Note 7 - Loans Receivable and Allowance for Credit Losses (Continued) The following table summarizes the Company's loans by year of origination and internally assigned credit risk rating at December 31, 2023.
Loans by Year of Origination at December 31, 2023
|  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  | Revolving Loans |  | Revolving Loans to Term Loans |  | Total
Residential one-to-four family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 17,080 | $ | 53,623 | $ | 38,178 | $ | 31,420 | $ | 12,067 | $ | 93,764 | $ | - | $ | - | $ | 246,132
Special Mention |  | - |  | 492 |  | 91 |  | - |  | - |  | - |  | - |  | - |  | 583
Substandard |  | - |  | - |  | 1,310 |  | - |  | - |  | 270 |  | - |  | - |  | 1,580
Total one-to-four family | $ | 17,080 | $ | 54,115 | $ | 39,579 | $ | 31,420 | $ | 12,067 | $ | 94,034 | $ | - | $ | - | $ | 248,295
Commercial and multi-family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 222,435 | $ | 778,076 | $ | 224,823 | $ | 214,768 | $ | 50,755 | $ | 824,375 | $ | 1,922 | $ | - | $ | 2,317,154
Special Mention |  | 9,908 |  | 34,375 |  | - |  | - |  | 529 |  | 4,453 |  | 140 |  | - |  | 49,405
Substandard |  | - |  | 14,931 |  | 4,023 |  | 3,575 |  | - |  | 45,027 |  | - |  | - |  | 67,556
Total Commercial and multi-family | $ | 232,343 | $ | 827,382 | $ | 228,846 | $ | 218,343 | $ | 51,284 | $ | 873,855 | $ | 2,062 | $ | - | $ | 2,434,115
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 21,730 | $ | 74,180 | $ | 59,564 | $ | 21,462 | $ | - | $ | 5,878 | $ | 5,710 | $ | - | $ | 188,524
Special Mention |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
Substandard |  | - |  | 1,394 |  | - |  | 586 |  | - |  | 2,312 |  | - |  | - |  | 4,292
Total Construction | $ | 21,730 | $ | 75,574 | $ | 59,564 | $ | 22,048 | $ | - | $ | 8,190 | $ | 5,710 | $ | - | $ | 192,816
Commercial business |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 3,179 | $ | 297 | $ | 2,967 | $ | 4,234 | $ | 7,080 | $ | 33,675 | $ | 201,008 | $ | 150 | $ | 252,590
Special Mention |  | - |  | - |  | - |  | - |  | 317 |  | 830 |  | 4,410 |  | - |  | 5,557
Substandard |  | - |  | - |  | - |  | - |  | - |  | 4,703 |  | 6,424 |  | - |  | 11,127
Total Commercial business | $ | 3,179 | $ | 297 | $ | 2,967 | $ | 4,234 | $ | 7,397 | $ | 39,208 | $ | 211,842 | $ | 150 | $ | 269,274
Business express |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 101,531 | $ | - | $ | 101,531
Special Mention |  | - |  | - |  | - |  | - |  | - |  | - |  | 600 |  | - |  | 600
Substandard |  | - |  | - |  | - |  | - |  | - |  | - |  | 797 |  | - |  | 797
Total Business express | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 102,928 | $ | - | $ | 102,928
Home equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 5,022 | $ | 1,487 | $ | 553 | $ | 769 | $ | 1,280 | $ | 6,181 | $ | 50,111 | $ | 553 | $ | 65,956
Special Mention |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
Substandard |  | - |  | 46 |  | - |  | - |  | - |  | - |  | 117 |  | 212 |  | 375
Total Home equity | $ | 5,022 | $ | 1,533 | $ | 553 | $ | 769 | $ | 1,280 | $ | 6,181 | $ | 50,228 | $ | 765 | $ | 66,331
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 1,497 | $ | 471 | $ | 1,521 | $ | 109 | $ | 39 | $ | - | $ | 6 | $ | - | $ | 3,643
Special Mention |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
Substandard |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
Total Consumer | $ | 1,497 | $ | 471 | $ | 1,521 | $ | 109 | $ | 39 | $ | - | $ | 6 | $ | - | $ | 3,643
Total Loans | $ | 280,851 | $ | 959,372 | $ | 333,030 | $ | 276,923 | $ | 72,067 | $ | 1,021,468 | $ | 372,776 | $ | 915 | $ | 3,317,402
Gross charge-offs | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 805 | $ | - | $ | 805

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