Note 4 - Loans (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
Notes Tables |
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Financing Receivable, Loans Outstanding By Class Of Loans [Table Text Block] |
(in thousands) | | March 31, 2025 | | | December 31, 2024 | |
Commercial and industrial | | $ | 134,095 | | | $ | 136,732 | |
Commercial mortgages: | | | | | | | | |
Multifamily | | | 840,726 | | | | 848,558 | |
Other | | | 841,829 | | | | 851,277 | |
Owner-occupied | | | 247,326 | | | | 263,272 | |
Residential mortgages: | | | | | | | | |
Closed end | | | 1,065,380 | | | | 1,084,090 | |
Revolving home equity | | | 33,452 | | | | 36,468 | |
Consumer and other | | | 1,126 | | | | 1,210 | |
| | $ | 3,163,934 | | | $ | 3,221,607 | |
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Financing Receivable, Allowance for Credit Loss [Table Text Block] |
| | Balance at | | | | | | | | | | | Provision (Credit) for | | | Balance at | |
(in thousands) | | 1/1/2025 | | | Chargeoffs | | | Recoveries | | | Credit Losses | | | 3/31/2025 | |
Commercial and industrial | | $ | 1,365 | | | $ | (348 | ) | | $ | 179 | | | $ | 207 | | | $ | 1,403 | |
Commercial mortgages: | | | | | | | | | | | | | | | | | | | | |
Multifamily | | | 8,734 | | | | — | | | | — | | | | (143 | ) | | | 8,591 | |
Other | | | 7,597 | | | | — | | | | — | | | | (4 | ) | | | 7,593 | |
Owner-occupied | | | 3,243 | | | | — | | | | — | | | | (156 | ) | | | 3,087 | |
Residential mortgages: | | | | | | | | | | | | | | | | | | | | |
Closed end | | | 7,107 | | | | (22 | ) | | | — | | | | 269 | | | | 7,354 | |
Revolving home equity | | | 269 | | | | — | | | | — | | | | (5 | ) | | | 264 | |
Consumer and other | | | 16 | | | | — | | | | — | | | | — | | | | 16 | |
| | $ | 28,331 | | | $ | (370 | ) | | $ | 179 | | | $ | 168 | | | $ | 28,308 | |
| | Balance at | | | | | | | | | | | Provision (Credit) for | | | Balance at | |
(in thousands) | | 1/1/2024 | | | Chargeoffs | | | Recoveries | | | Credit Losses | | | 3/31/2024 | |
Commercial and industrial | | $ | 2,030 | | | $ | (664 | ) | | $ | 7 | | | $ | 2 | | | $ | 1,375 | |
Commercial mortgages: | | | | | | | | | | | | | | | | | | | | |
Multifamily | | | 6,817 | | | | — | | | | — | | | | 1,297 | | | | 8,114 | |
Other | | | 7,850 | | | | — | | | | — | | | | (311 | ) | | | 7,539 | |
Owner-occupied | | | 3,104 | | | | — | | | | — | | | | (102 | ) | | | 3,002 | |
Residential mortgages: | | | | | | | | | | | | | | | | | | | | |
Closed end | | | 8,838 | | | | — | | | | — | | | | (857 | ) | | | 7,981 | |
Revolving home equity | | | 339 | | | | — | | | | — | | | | (30 | ) | | | 309 | |
Consumer and other | | | 14 | | | | — | | | | — | | | | 1 | | | | 15 | |
| | $ | 28,992 | | | $ | (664 | ) | | $ | 7 | | | $ | — | | | $ | 28,335 | |
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Financing Receivable, Past Due [Table Text Block] |
| | March 31, 2025 | |
| | Past Due | | | Nonaccrual | | | | | | | | | | | | | |
(in thousands) | | 30-59 Days | | | 60-89 Days | | | 90 Days or More and Still Accruing | | | With an Allowance for Credit Loss | | | With No Allowance for Credit Loss | | | Total Past Due Loans & Nonaccrual Loans | | | Current | | | Total Loans | |
Commercial and industrial | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 134,095 | | | $ | 134,095 | |
Commercial mortgages: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Multifamily | | | 6,798 | | | | — | | | | — | | | | 1,184 | | | | — | | | | 7,982 | | | | 832,744 | | | | 840,726 | |
Other | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 841,829 | | | | 841,829 | |
Owner-occupied | | | 95 | | | | — | | | | — | | | | — | | | | — | | | | 95 | | | | 247,231 | | | | 247,326 | |
Residential mortgages: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Closed end | | | 559 | | | | — | | | | — | | | | — | | | | 2,326 | | | | 2,885 | | | | 1,062,495 | | | | 1,065,380 | |
Revolving home equity | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 33,452 | | | | 33,452 | |
Consumer and other | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 1,126 | | | | 1,126 | |
| | $ | 7,452 | | | $ | — | | | $ | — | | | $ | 1,184 | | | $ | 2,326 | | | $ | 10,962 | | | $ | 3,152,972 | | | $ | 3,163,934 | |
| | December 31, 2024 | |
Commercial and industrial | | $ | 174 | | | $ | 96 | | | $ | — | | | $ | — | | | $ | — | | | $ | 270 | | | $ | 136,462 | | | $ | 136,732 | |
Commercial mortgages: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Multifamily | | | — | | | | — | | | | — | | | | 1,190 | | | | — | | | | 1,190 | | | | 847,368 | | | | 848,558 | |
Other | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 851,277 | | | | 851,277 | |
Owner-occupied | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 263,272 | | | | 263,272 | |
Residential mortgages: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Closed end | | | — | | | | — | | | | — | | | | — | | | | 2,039 | | | | 2,039 | | | | 1,082,051 | | | | 1,084,090 | |
Revolving home equity | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 36,468 | | | | 36,468 | |
Consumer and other | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 1,210 | | | | 1,210 | |
| | $ | 174 | | | $ | 96 | | | $ | — | | | $ | 1,190 | | | $ | 2,039 | | | $ | 3,499 | | | $ | 3,218,108 | | | $ | 3,221,607 | |
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Financing Receivable Credit Quality Indicators [Table Text Block] |
| | March 31, 2025 | |
| | Term Loans by Origination Year | | | Revolving | | | | | |
(in thousands) | | 2025 | | | 2024 | | | 2023 | | | 2022 | | | 2021 | | | Prior | | | Loans (1) | | | Total | |
Commercial and industrial: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Risk rating: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass | | $ | 6,431 | | | $ | 52,334 | | | $ | 16,123 | | | $ | 21,369 | | | $ | 10,072 | | | $ | 14,137 | | | $ | 6,869 | | | $ | 127,335 | |
Watch | | | — | | | | 2,925 | | | | 409 | | | | — | | | | 2,727 | | | | — | | | | — | | | | 6,061 | |
Special Mention | | | — | | | | — | | | | — | | | | 196 | | | | — | | | | — | | | | — | | | | 196 | |
Substandard | | | — | | | | — | | | | 503 | | | | — | | | | — | | | | — | | | | — | | | | 503 | |
Doubtful | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
| | $ | 6,431 | | | $ | 55,259 | | | $ | 17,035 | | | $ | 21,565 | | | $ | 12,799 | | | $ | 14,137 | | | $ | 6,869 | | | $ | 134,095 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Current-period gross chargeoffs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (348 | ) | | $ | (348 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial mortgages – multifamily: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Risk rating: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass | | $ | — | | | $ | 30,063 | | | $ | 41,395 | | | $ | 179,808 | | | $ | 165,203 | | | $ | 412,083 | | | $ | 125 | | | $ | 828,677 | |
Watch | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Special Mention | | | — | | | | 4,067 | | | | — | | | | 6,798 | | | | — | | | | — | | | | — | | | | 10,865 | |
Substandard | | | — | | | | — | | | | — | | | | — | | | | — | | | | 1,184 | | | | — | | | | 1,184 | |
Doubtful | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
| | $ | — | | | $ | 34,130 | | | $ | 41,395 | | | $ | 186,606 | | | $ | 165,203 | | | $ | 413,267 | | | $ | 125 | | | $ | 840,726 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Current-period gross chargeoffs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial mortgages – other: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Risk rating: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass | | $ | 4,230 | | | $ | 76,709 | | | $ | 66,463 | | | $ | 191,070 | | | $ | 212,468 | | | $ | 270,491 | | | $ | 22 | | | $ | 821,453 | |
Watch | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Special Mention | | | — | | | | — | | | | — | | | | — | | | | — | | | | 5,844 | | | | — | | | | 5,844 | |
Substandard | | | — | | | | — | | | | — | | | | — | | | | — | | | | 14,532 | | | | — | | | | 14,532 | |
Doubtful | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
| | $ | 4,230 | | | $ | 76,709 | | | $ | 66,463 | | | $ | 191,070 | | | $ | 212,468 | | | $ | 290,867 | | | $ | 22 | | | $ | 841,829 | |
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Current-period gross chargeoffs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Commercial mortgages – owner-occupied: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Risk rating: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass | | $ | — | | | $ | 33,964 | | | $ | 21,742 | | | $ | 47,752 | | | $ | 43,458 | | | $ | 89,022 | | | $ | 2,290 | | | $ | 238,228 | |
Watch | | | — | | | | — | | | | 238 | | | | — | | | | 4,817 | | | | — | | | | — | | | | 5,055 | |
Special Mention | | | — | | | | — | | | | — | | | | 3,191 | | | | 852 | | | | — | | | | — | | | | 4,043 | |
Substandard | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Doubtful | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
| | $ | — | | | $ | 33,964 | | | $ | 21,980 | | | $ | 50,943 | | | $ | 49,127 | | | $ | 89,022 | | | $ | 2,290 | | | $ | 247,326 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Current-period gross chargeoffs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
| | March 31, 2025 | |
| | Term Loans by Origination Year | | | Revolving | | | | | |
(in thousands) | | 2025 | | | 2024 | | | 2023 | | | 2022 | | | 2021 | | | Prior | | | Loans (1) | | | Total | |
Residential mortgages (2): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Risk rating: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass | | $ | — | | | $ | 6,163 | | | $ | 26,120 | | | $ | 184,727 | | | $ | 153,766 | | | $ | 691,638 | | | $ | 33,452 | | | $ | 1,095,866 | |
Watch | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Special Mention | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Substandard | | | — | | | | — | | | | — | | | | — | | | | — | | | | 2,908 | | | | — | | | | 2,908 | |
Doubtful | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
| | $ | — | | | $ | 6,163 | | | $ | 26,120 | | | $ | 184,727 | | | $ | 153,766 | | | $ | 694,546 | | | $ | 33,452 | | | $ | 1,098,774 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Current-period gross chargeoffs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (22 | ) | | $ | — | | | $ | (22 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Consumer and other: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Risk rating: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Pass | | $ | — | | | $ | — | | | $ | 34 | | | $ | 133 | | | $ | — | | | $ | 100 | | | $ | 810 | | | $ | 1,077 | |
Watch | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Special Mention | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Substandard | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Doubtful | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Not Rated | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 49 | | | | 49 | |
| | $ | — | | | $ | — | | | $ | 34 | | | $ | 133 | | | $ | — | | | $ | 100 | | | $ | 859 | | | $ | 1,126 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Current-period gross chargeoffs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Loans | | $ | 10,661 | | | $ | 206,225 | | | $ | 173,027 | | | $ | 635,044 | | | $ | 593,363 | | | $ | 1,501,939 | | | $ | 43,617 | | | $ | 3,163,876 | |
Total gross chargeoffs | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (22 | ) | | $ | (348 | ) | | $ | (370 | ) |
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