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Loans Receivable Held for Sale | 6 Months Ended
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Jun. 30, 2019
Loans Receivable Held for Sale |
Loans Receivable Held for Sale |
Loans Receivable Held for Sale | NOTE (4) – Loans Receivable Held for Sale Loans receivable held for sale at June 30, 2019 and December 31, 2018 totaled $26.1 million and $6.2 million, respectively, and consisted of multi-family loans. The Bank transferred $1.1 million and $16.9 million of multi-family loans from the held-for-sale portfolio to the held-for-investment portfolio during the first half of 2019 and 2018, respectively. During the first six months of 2019, $10.7 million in loans receivable held for investment were transferred to loans receivable held for sale. There were no loan sales during the six months ended June 30, 2019. Sales of multi-family loans during the six months ended June 30, 2018 totaled $4.3 million. Loan repayments totaled $46 thousand and $82 thousand during the six months ended June 30, 2019 and 2018, respectively.

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