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Loans Receivable Held for Sale | 3 Months Ended
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Mar. 31, 2020
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 March 31, 2020 totaled $45.5 million and consisted of multi-family loans. The Bank did not have any loans held for sale at December 31,2019. During the first quarter of 2020, the Bank originated $66.0 million of multi-family loans for sale and sold $20.5 million of loans held for sale. There were no loan sales during the three months ended March 31, 2019. Loan repayments totaled $55 thousand and $24 thousand during the three months ended March 31, 2020 and 2019, respectively.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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