v3.25.2
Note 4 - Loans Receivable (Tables)
 6 Months Ended
Jun. 30, 2025
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

June 30, 2025

  

December 31, 2024

 

One-to-four family residential real estate

 $13,534  $14,829 

Multi-family residential real estate

  496,190   521,957 

Nonresidential real estate

  103,062   108,153 

Commercial loans and leases

  190,518   248,595 

Consumer

  1,775   1,623 
   805,079   895,157 

Allowance for credit losses

  (9,116)  (7,571)

Loans, net

 $795,963  $887,586 
Financing Receivable, Allowance for Credit Loss [Table Text Block]
  

Beginning balance

  

Provision for (recovery of) credit losses

  

Loans charged off

  

Recoveries

  

Ending balance

 

For the three months ended

                    
                     

June 30, 2025

                    

One-to-four family residential real estate:

                    

Home equity and junior liens

 $50  $(3) $—  $—  $47 

One-to-four family first liens

  211   (21)  —   3   193 

Multi-family residential real estate:

                    

Senior notes

  4,189   259   (156)  3   4,295 

Junior notes

  439   134   (141)  —   432 

Nonresidential real estate:

                    

Owner occupied

  173   8   —   —   181 

Non-owner occupied

  1,135   (83)  —   —   1,052 

Commercial loans and leases:

                    

Commercial

  850   (63)  (133)  3   657 

Equipment finance - Government

  50   2,057   —   —   2,107 

Equipment finance - Corporate Investment-grade

  134   (26)  —   —   108 

Consumer

  48   (1)  (4)  1   44 
  $7,279  $2,261  $(434) $10  $9,116 
                     

June 30, 2024

                    

One-to-four family residential real estate:

                    

Home equity and junior liens

 $63  $(2) $—  $—  $61 

One-to-four family first liens

  268   (7)  —   2   263 

Multi-family residential real estate:

                    

Senior notes

  4,370   28   —   4   4,402 

Junior notes

  449   (8)  —   —   441 

Nonresidential real estate:

                    

Owner occupied

  178   (5)  —   —   173 

Non-owner occupied

  1,266   (42)  —   —   1,224 

Commercial loans and leases:

                    

Commercial

  1,343   (73)  (10)  7   1,267 

Equipment finance - Government

  112   (15)  —   —   97 

Equipment finance - Corporate Investment-grade

  166   (6)  —   —   160 

Consumer

  34   32   (12)  —   54 
  $8,249  $(98) $(22) $13  $8,142 
  

Beginning balance

  

Provision for (recovery of) credit losses

  

Loans charged off

  

Recoveries

  

Ending balance

 

For the six months ended

                    
                     

June 30, 2025

                    

One-to-four family residential real estate:

                    

Home equity and junior liens

 $54  $(7) $—  $—  $47 

One-to-four family first liens

  217   (29)  —   5   193 

Multi-family residential real estate:

                    

Senior notes

  4,320   126   (156)  5   4,295 

Junior notes

  444   129   (141)  —   432 

Nonresidential real estate:

                    

Owner occupied

  180   1   —   —   181 

Non-owner occupied

  1,162   (110)  —   —   1,052 

Commercial loans and leases:

                    

Commercial

  944   (131)  (169)  13   657 

Equipment finance - Government

  60   2,047   —   —   2,107 

Equipment finance - Corporate Investment-grade

  142   (34)  —   —   108 

Consumer

  48   8   (14)  2   44 
  $7,571  $2,000  $(480) $25  $9,116 
                     

June 30, 2024

                    

One-to-four family residential real estate:

                    

Home equity and junior liens

 $75  $(14) $—  $—  $61 

One-to-four family first liens

  220   38   —   5   263 

Multi-family residential real estate:

                    

Senior notes

  4,178   214   —   10   4,402 

Junior notes

  371   70   —   —   441 

Nonresidential real estate:

                    

Owner occupied

  144   29   —   —   173 

Non-owner occupied

  1,022   202   —   —   1,224 

Commercial loans and leases:

                    

Commercial

  1,964   (541)  (168)  12   1,267 

Equipment finance - Government

  148   (51)  —   —   97 

Equipment finance - Corporate Investment-grade

  191   (31)  —   —   160 

Consumer

  32   47   (25)  —   54 
  $8,345  $(37) $(193) $27  $8,142 
Financing Receivable and Allowance for Loan Losses Based on Impairment Method [Table Text Block]
  

One-to-four family residential real estate

  Multi-family residential real estate  

Nonresidential real estate

  

Commercial loans and leases

  

Consumer

  

Total

 

June 30, 2025

                        

Loans:

                        

Loans individually evaluated

 $30  $—  $—  $9,294  $—  $9,324 

Loans collectively evaluated

  13,504   496,190   103,062   181,224   1,775   795,755 
  $13,534  $496,190  $103,062  $190,518  $1,775  $805,079 

ACL:

                        

Loans individually evaluated

 $—  $—  $—  $2,075  $—  $2,075 

Loans collectively evaluated

  240   4,727   1,233   797   44   7,041 
  $240  $4,727  $1,233  $2,872  $44  $9,116 
  

One-to-four family residential real estate

  Multi-family residential real estate  

Nonresidential real estate

  

Commercial loans and leases

  

Consumer

  

Total

 

December 31, 2024

                        

Loans:

                        

Loans individually evaluated

 $148  $1,453  $393  $15,018  $—  $17,012 

Loans collectively evaluated

  14,681   520,504   107,760   233,577   1,623   878,145 
  $14,829  $521,957  $108,153  $248,595  $1,623  $895,157 

ACL:

                        

Loans individually evaluated

 $—  $—  $—  $—  $—  $— 

Loans collectively evaluated

  271   4,764   1,342   1,146   48   7,571 
  $271  $4,764  $1,342  $1,146  $48  $7,571 
Impaired Financing Receivables 1 [Table Text Block]
                  

Three Months Ended

  

Six Months Ended

 
                  

June 30, 2025

  

June 30, 2025

 
  

Loan Balance

  

Recorded Investment

  

Partial Charge-off

  

Allowance for Credit Losses Allocated

  

Average Investment

  

Interest Income Recognized

  

Average Investment

  

Interest Income Recognized

 

June 30, 2025

                                

With no related allowance recorded:

                                

One-to-four family residential real estate

 $30  $30  $—  $—  $62  $—  $95  $1 

Commercial loans and leases

  1,203   873   329   —   8,401   3   11,714   4 
   1,233   903   329   —   8,463   3   11,809   5 
                                 

With an allowance recorded - commercial loans and leases

  8,421   8,421   —   2,075   2,807   —   1,404   — 
                                 
  $9,654  $9,324  $329  $2,075  $11,270  $3  $13,213  $5 
                  

Year ended

 
                  

December 31, 2024

 
  

Loan Balance

  

Recorded Investment

  

Partial Charge-off

  

Allowance for Credit Losses Allocated

  

Average Investment

  

Interest Income Recognized

 

December 31, 2024

                        

With no related allowance recorded:

                        

One-to-four family residential real estate

 $138  $148  $—  $—  $66  $7 

Multi-family residential real estate

  1,416   1,453   —   —   607   28 

Nonresidential real estate

  366   393   —   —   228   3 

Commercial loans and leases

  20,210   15,018   5,192   —   20,225   9 
  $22,130  $17,012  $5,192  $—  $21,126  $47 
Financing Receivable, Nonaccrual [Table Text Block]
  

Nonaccrual

  

Loans Past Due Over 90 Days Still Accruing

 

June 30, 2025

        

One-to-four family residential real estate

 $13  $— 

Commercial loans and leases

  9,206   2,225 

Consumer

  —   1 
  $9,219  $2,226 

December 31, 2024

        

One-to-four family residential real estate

 $126  $— 

Multi-family residential real estate

  1,453   — 

Nonresidential real estate

  393   — 

Commercial loans and leases

  14,960   — 

Consumer

  2   — 
  $16,934  $— 
Financing Receivable, Past Due [Table Text Block]
  

30-59 Days Past Due

  

60-89 Days Past Due

  

Greater Than 89 Days Past Due

  

Total Past Due

  

Nonaccrual

  

Current

  

Total

 

June 30, 2025

                            

One-to-four family residential real estate

 $—  $2  $—  $2  $13  $13,519  $13,534 

Multi-family residential real estate

  —   810   —   810   —   495,380   496,190 

Nonresidential real estate

  421   —   —   421   —   102,641   103,062 

Commercial loans and leases

  6,088   146   2,225   8,459   9,206   172,853   190,518 

Consumer

  5   5   1   11   —   1,764   1,775 
  $6,514  $963  $2,226  $9,703  $9,219  $786,157  $805,079 
  

30-59 Days Past Due

  

60-89 Days Past Due

  

Greater Than 89 Days Past Due

  

Total Past Due

  

Nonaccrual

  

Current

  

Total

 

December 31, 2024

                            

One-to-four family residential real estate

 $181  $—  $—  $181  $126  $14,522  $14,829 

Multi-family residential real estate

  654   —   —   654   1,453   519,850   521,957 

Nonresidential real estate

  —   —   —   —   393   107,760   108,153 

Commercial loans and leases

  2,044   1,929   —   3,973   14,960   229,662   248,595 

Consumer

  4   5   —   9   2   1,612   1,623 
  $2,883  $1,934  $—  $4,817  $16,934  $873,406  $895,157 
Financing Receivable Credit Quality Indicators [Table Text Block]
  

Pass

  

Special Mention

  

Substandard

  

Substandard Nonaccrual

  

Total

 

June 30, 2025

                    

One-to-four family residential real estate

 $13,304  $—  $217  $13  $13,534 

Multi-family residential real estate

  487,698   —   8,492   —   496,190 

Nonresidential real estate

  101,167   1,475   420   —   103,062 

Commercial loans and leases

  179,128   —   2,184   9,206   190,518 

Consumer

  1,766   5   4   —   1,775 
  $783,063  $1,480  $11,317  $9,219  $805,079 
  

Pass

  

Special Mention

  

Substandard

  

Substandard Nonaccrual

  

Total

 

December 31, 2024

                    

One-to-four family residential real estate

 $14,485  $—  $218  $126  $14,829 

Multi-family residential real estate

  515,478   3,858   1,168   1,453   521,957 

Nonresidential real estate

  106,891   428   441   393   108,153 

Commercial loans and leases

  227,851   3,156   2,628   14,960   248,595 

Consumer

  1,613   4   4   2   1,623 
  $866,318  $7,446  $4,459  $16,934  $895,157 
  

Term Loans Amortized Cost Basis by Origination Year

             
  

2025

  

2024

  

2023

  

2022

  

2021

  

Prior

  

Revolving loans

  

Total

 

June 30, 2025

                                
                                 

One-to-four family residential real estate loans:

                             

Risk-rating

                                

Pass

 $273  $—  $481  $—  $—  $9,660  $2,890  $13,304 

Substandard

  73   —   —   —   —   72   72   217 

Nonaccrual

  —   —   —   —   —   —   13   13 
  $346  $—  $481  $—  $—  $9,732  $2,975  $13,534 

One-to-four family residential real estate loans:

                             

Current period recoveries

 $—  $—  $—  $—  $—  $5  $—  $5 

Multi-family residential real estate:

                            

Risk rating

                                

Pass

 $3,182  $33,281  $36,837  $187,326  $99,273  $122,619  $5,180  $487,698 

Substandard

  3,840   —   —   —   3,974   678   —   8,492 
  $7,022  $33,281  $36,837  $187,326  $103,247  $123,297  $5,180  $496,190 

Multi-family residential real estate:

                            

Current period gross charge-offs

 $—  $—  $—  $(297) $—  $—  $—  $(297)

Current period recoveries

  —   —   —   —   —   5   —   5 
  $—  $—  $—  $(297) $—  $5  $—  $(292)

Nonresidential real estate:

                                

Risk rating

                                

Pass

 $1,794  $15,790  $14,129  $44,977  $14,223  $9,244  $1,010  $101,167 

Special mention

  —   —   —   1,475   —   —   —   1,475 

Substandard

  420   —   —   —   —   —   —   420 
  $2,214  $15,790  $14,129  $46,452  $14,223  $9,244  $1,010  $103,062 

Commercial loans and leases:

                                

Risk rating

                                

Pass

 $10,580  $23,219  $23,649  $54,905  $21,280  $3,347  $42,148  $179,128 

Substandard

  —   —   —   84   —   4   2,096   2,184 

Nonaccrual

  —   —   43   9,122   41   —   —   9,206 
  $10,580  $23,219  $23,692  $64,111  $21,321  $3,351  $44,244  $190,518 

Commercial loans and leases:

                                

Current period gross charge-offs

 $—  $(88) $(11) $(65) $(4) $—  $(1) $(169)

Current period recoveries

  —   —   8   3   —   2   —   13 
  $—  $(88) $(3) $(62) $(4) $2  $(1) $(156)

Consumer:

                                

Risk rating

                                

Pass

 $81  $675  $151  $3  $—  $48  $808  $1,766 

Special mention

  —   —   —   —   —   —   5   5 

Substandard

  —   1   —   —   —   —   3   4 
  $81  $676  $151  $3  $—  $48  $816  $1,775 

Consumer:

                                

Current period gross charge-offs

 $—  $—  $—  $—  $—  $—  $(14) $(14)

Current period recoveries

  —   —   —   —   —   —   2   2 

Current period recoveries

 $—  $—  $—  $—  $—  $—  $(12) $(12)
  

Term Loans Amortized Cost Basis by Origination Year

             
  

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Revolving loans

  

Total

 

December 31, 2024

                                
                                 

One-to-four family residential real estate:

                             

Risk rating

                                

Pass

 $—  $484  $—  $—  $34  $10,897  $3,070  $14,485 

Substandard

  —   —   —   —   —   81   137   218 

Nonaccrual

  —   —   —   —   —   111   15   126 
  $—  $484  $—  $—  $34  $11,089  $3,222  $14,829 

One-to-four family residential real estate:

                             

Current period recoveries

 $—  $—  $—  $—  $—  $28  $—  $28 

Multi-family residential real estate:

                            

Risk rating

                                

Pass

 $33,812  $38,228  $199,495  $107,420  $55,129  $75,772  $5,622  $515,478 

Special mention

  —   —   3,858   —   —   —   —   3,858 

Substandard

  —   —   —   —   —   1,168   —   1,168 

Nonaccrual

  —   216   1,237   —   —   —   —   1,453 
  $33,812  $38,444  $204,590  $107,420  $55,129  $76,940  $5,622  $521,957 

Multi-family residential real estate:

                         

Current period gross charge-offs

 $—  $—  $(5) $—  $—  $—  $—  $(5)

Current period recoveries

  —   —   —   —   —   18   —   18 
  $—  $—  $(5) $—  $—  $18  $—  $13 

Nonresidential real estate:

                                

Risk rating

                                

Pass

 $16,760  $14,355  $46,759  $14,771  $7,335  $5,998  $913  $106,891 

Special mention

  —   —   428   —   —   —   —   428 

Substandard

  441   —   —   —   —   —   —   441 

Nonaccrual

  —   —   393   —   —   —   —   393 
  $17,201  $14,355  $47,580  $14,771  $7,335  $5,998  $913  $108,153 

Commercial loans and leases :

                                

Risk rating

                                

Pass

 $27,360  $32,517  $72,546  $30,764  $9,973  $723  $53,968  $227,851 

Special mention

  —   —   —   —   —   —   3,156   3,156 

Substandard

  —   —   103   40   —   —   2,485   2,628 

Nonaccrual

  —   55   14,747   —   158   —   —   14,960 
  $27,360  $32,572  $87,396  $30,804  $10,131  $723  $59,609  $248,595 

Commercial loans and leases :

                                

Current period gross charge-offs

 $—  $(332) $(4,998) $(44) $(493) $—  $—  $(5,867)

Current period recoveries

  —   —   1   5   7   1   —   14 
  $—  $(332) $(4,997) $(39) $(486) $1  $—  $(5,853)

Consumer:

                                

Risk rating

                                

Pass

 $788  $169  $3  $20  $49  $—  $584  $1,613 

Special mention

  —   —   —   —   —   —   4   4 

Substandard

  —   —   —   —   —   —   4   4 

Nonaccrual

  2   —   —   —   —   —   —   2 
  $790  $169  $3  $20  $49  $—  $592  $1,623 

Consumer:

                                

Current period gross charge-offs

 $—  $—  $—  $—  $—  $—  $(44) $(44)

Current period recoveries

  —   —   —   —   —   —   1   1 
  $—  $—  $—  $—  $—  $—  $(43) $(43)