Schedule of changes in the allowance for credit losses


	For the Nine Months Ended September 30, 2025
(Dollars in thousands)	Beginning Balance		Provision (Reversal)		Charge-offs		Recoveries		Ending Balance
Allowance for credit losses
One- to four-family residential	$	1,164	$	81	$	(113)	$	34	$	1,166
Commercial real estate		192		110		-		-		302
Construction and land		528		(246)		-		-		282
Multi-family residential		35		37		-		-		72
Commercial and industrial		372		(57)		-		17		332
Consumer		26		33		(40)		19		38
Unallocated		205		-		-		-		205
Total for loans	$	2,522	$	(42)	$	(153)	$	70	$	2,397
Unfunded lending commitments⁽¹⁾		121		6		-		-		127
Total	$	2,643	$	(36)	$	(153)	$	70	$	2,524

(1)

The allowance for credit losses on unfunded lending commitments is recorded within “other liabilities” on the statement of financial condition. The related provision for credit losses for unfunded lending commitments is recorded with the provision for credit losses on loans and reported in aggregate as the provision for credit losses on the income statement.


	For the Nine Months Ended September 30, 2024
(Dollars in thousands)	Beginning Balance		Provision (Reversal)		Charge-offs		Recoveries		Ending Balance
Allowance for credit losses
One- to four-family residential	$	1,240	$	62	$	(160)	$	68	$	1,210
Commercial real estate		213		17		(28)		14		216
Construction and land		283		258		-		-		541
Multi-family residential		50		(13)		-		-		37
Commercial and industrial		302		206		(133)		4		379
Consumer		36		27		(43)		11		31
Total for loans	$	2,124	$	557	$	(364)	$	97	$	2,414
Unfunded lending commitments		257		(26)		-		-		231
Total	$	2,381	$	531	$	(364)	$	97	$	2,645

Summary of current, past due and nonaccrual loans


	As of September 30, 2025
(Dollars in thousands)	Past Due 30-89 Days and Accruing		Past Due Over 90 Days and Accruing		Past Due Over 30 Days and Non-accruing		Total Past Due		Current and Accruing		Current and Non-accruing		Total Loans
One- to four-family residential	$	2,664	$	364	$	654	$	3,682	$	73,907	$	784	$	78,373
Commercial real estate		342		-		-		342		33,337		-		33,679
Construction and land		-		-		-		-		18,829		21		18,850
Multi-family residential		-		-		-		-		5,367		-		5,367
Commercial and industrial		68		-		-		68		25,597		-		25,665
Consumer		6		-		-		6		2,827		-		2,833
Total	$	3,080	$	364	$	654	$	4,098	$	159,864	$	805	$	164,767


	As of December 31, 2024
(Dollars in thousands)	Past Due 30-89 Days and Accruing		Past Due Over 90 Days and Accruing		Past Due Over 30 Days and Non-accruing		Total Past Due		Current and Accruing		Current and Non-accruing		Total Loans
One- to four-family residential	$	2,926	$	64	$	767	$	3,757	$	76,577	$	763	$	81,097
Commercial real estate		-		-		-		-		22,108		-		22,108
Construction and land		81		-		13		94		32,823		24		32,941
Multi-family residential		-		-		-		-		2,570		-		2,570
Commercial and industrial		1		-		-		1		26,438		-		26,439
Consumer		8		-		-		8		1,913		-		1,921
Total	$	3,016	$	64	$	780	$	3,860	$	162,429	$	787	$	167,076

Schedule of loan portfolio by credit quality classification and origination year

The following table presents the Company’s loan portfolio by credit quality classification and origination year as of September 30, 2025. The Company uses the latter of origination or renewal date to classify term loans into vintages.


															Line-of-credit
															Arrangements
	Term Loans by Origination Year												Line-of-credit		Converted to
(Dollars in thousands)	2025		2024		2023		2022		2021		Prior		Arrangements		Term Loans		Total
One- to four-family residential
Pass	$	2,375	$	3,695	$	3,762	$	11,826	$	2,491	$	47,219	$	2,011	$	2,410	$	75,789
Special Mention		-		-		-		-		54		-		244		-		298
Substandard		-		21		10		-		-		2,255		-		-		2,286
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	2,375	$	3,716	$	3,772	$	11,826	$	2,545	$	49,474	$	2,255	$	2,410	$	78,373
Commercial real estate
Pass	$	1,749	$	4,187	$	4,922	$	1,439	$	810	$	8,041	$	82	$	11,783	$	33,013
Special Mention		-		-		-		98		312		-		-		-		410
Substandard		-		222		-		-		-		34		-		-		256
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	1,749	$	4,409	$	4,922	$	1,537	$	1,122	$	8,075	$	82	$	11,783	$	33,679
Construction and land
Pass	$	368	$	196	$	-	$	99	$	48	$	282	$	17,725	$	-	$	18,718
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		111		-		-		-		-		21		-		-		132
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	479	$	196	$	-	$	99	$	48	$	303	$	17,725	$	-	$	18,850
Multi-family residential
Pass	$	-	$	-	$	-	$	-	$	470	$	1,939	$	-	$	2,958	$	5,367
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	-	$	-	$	-	$	-	$	470	$	1,939	$	-	$	2,958	$	5,367
Commercial and industrial
Pass	$	1,877	$	10,259	$	2,093	$	179	$	168	$	442	$	8,573	$	-	$	23,591
Special Mention		19		-		-		-		-		-		-		-		19
Substandard		867		392		-		796		-		-		-		-		2,055
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	2,763	$	10,651	$	2,093	$	975	$	168	$	442	$	8,573	$	-	$	25,665
Consumer
Pass	$	1,780	$	282	$	281	$	165	$	130	$	195	$	-	$	-	$	2,833
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	1,780	$	282	$	281	$	165	$	130	$	195	$	-	$	-	$	2,833
Total
Pass	$	8,149	$	18,619	$	11,058	$	13,708	$	4,117	$	58,118	$	28,391	$	17,151	$	159,311
Special Mention		19		-		-		98		366		-		244		-		727
Substandard		978		635		10		796		-		2,310		-		-		4,729
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	9,146	$	19,254	$	11,068	$	14,602	$	4,483	$	60,428	$	28,635	$	17,151	$	164,767

The following table presents the Company’s loan portfolio by credit quality classification and origination year as of December 31, 2024. The Company uses the latter of origination or renewal date to classify term loans into vintages.


															Line-of-credit
															Arrangements
	Term Loans by Origination Year												Line-of-credit		Converted to
(Dollars in thousands)	2024		2023		2022		2021		2020		Prior		Arrangements		Term Loans		Total
One- to four-family residential
Pass	$	2,255	$	2,702	$	12,205	$	3,054	$	2,731	$	50,193	$	2,488	$	2,996	$	78,624
Special Mention		-		-		-		56		-		-		-		-		56
Substandard		22		21		-		-		24		2,350		-		-		2,417
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	2,277	$	2,723	$	12,205	$	3,110	$	2,755	$	52,543	$	2,488	$	2,996	$	81,097
Commercial real estate
Pass	$	3,176	$	4,691	$	1,729	$	1,070	$	3,236	$	5,673	$	-	$	1,884	$	21,459
Special Mention		-		-		102		320		-		-		-		-		422
Substandard		227		-		-		-		-		-		-		-		227
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	3,403	$	4,691	$	1,831	$	1,390	$	3,236	$	5,673	$	-	$	1,884	$	22,108
Construction and land
Pass	$	1,731	$	48	$	102	$	51	$	53	$	347	$	30,451	$	-	$	32,783
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		121		13		24		-		-		158
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	1,731	$	48	$	102	$	172	$	66	$	371	$	30,451	$	-	$	32,941
Multi-family residential
Pass	$	-	$	-	$	-	$	470	$	-	$	2,100	$	-	$	-	$	2,570
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	-	$	-	$	-	$	470	$	-	$	2,100	$	-	$	-	$	2,570
Commercial and industrial
Pass	$	11,095	$	3,640	$	1,142	$	429	$	243	$	281	$	7,944	$	1,665	$	26,439
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	11,095	$	3,640	$	1,142	$	429	$	243	$	281	$	7,944	$	1,665	$	26,439
Consumer
Pass	$	519	$	551	$	239	$	304	$	74	$	234	$	-	$	-	$	1,921
Special Mention		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-		-
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	519	$	551	$	239	$	304	$	74	$	234	$	-	$	-	$	1,921
Total
Pass	$	18,776	$	11,632	$	15,417	$	5,378	$	6,337	$	58,828	$	40,883	$	6,545	$	163,796
Special Mention		-		-		102		376		-		-		-		-		478
Substandard		249		21		-		121		37		2,374		-		-		2,802
Doubtful		-		-		-		-		-		-		-		-		-
Total	$	19,025	$	11,653	$	15,519	$	5,875	$	6,374	$	61,202	$	40,883	$	6,545	$	167,076