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Other Real Estate Owned (“OREO”)
 12 Months Ended
Dec. 31, 2024
Real Estate Owned, Disclosure of Detailed Components [Abstract]  
Other Real Estate Owned (“OREO”) Other Real Estate Owned (“OREO”)
The OREO balance consists of foreclosed residential properties from loans receivable that were marketed for sale. The following table presents an analysis of the activity in OREO for the years ended December 31, 2024, 2023 and 2022:
(In thousands)Year Ended December 31,
202420232022
Beginning balance$2,843 $— $— 
Additions— 2,843 — 
Sold— — — 
Write-downs— — — 
Ending balance$2,843 $2,843 $— 
As of December 31, 2024, the Bank’s OREO balance was $2.8 million, representing property acquired in 2023. The OREO balance reflects the lower of the carrying value of the loan receivable due from the mortgage of the foreclosed residential property or the estimated net realized value of the underlying property acquired through foreclosure. For the years ended December 31, 2024, 2023 and 2022, the Bank did not sell any OREO properties.