Loans held for sale (Tables)

6 Months Ended

Jun. 30, 2025

Summary of Significant Accounting Policies


	For the three months ended June 30, 2025
(Dollars in thousands)	Loans sold	Proceeds		Net charge-offs		Net gain ⁽¹⁾

Performing loans
Small Business Administration	2	$	1,025	$	—	$	98
Total	2	$	1,025	$	—	$	98
Delinquent and non-performing loans
Multi-family residential	4	$	12,894	$	(1,681)	$	68
Total	4	$	12,894	$	(1,681)	$	68


	For the three months ended June 30, 2024
(Dollars in thousands)	Loans sold	Proceeds		Net charge-offs		Net gain
Delinquent and non-performing loans
Multi-family residential	1	S	432	$	—	$	—
One-to-four family - mixed-use property	1		258		—		26
Total	2	$	690	$	—	$	26


	For the six months ended June 30, 2025
(Dollars in thousands)	Loans sold	Proceeds		Net charge-offs		Net gain ⁽²⁾

Performing loans
Multi-family residential	12	$	33,721	$	—	$	—
Commercial	1		3,120		—		—
Small Business Administration	6		6,829		—		532
Total	19	$	43,670	$	—	$	532
Delinquent and non-performing loans
Multi-family residential	5	$	13,444	$	(1,681)	$	202
Commercial	1		5,098		—		238
One-to-four family - mixed-use property	1		137		—		19
Total	7	$	18,679	$	(1,681)	$	459

	For the six months ended June 30, 2024
(Dollars in thousands)	Loans sold	Proceeds		Net charge-offs		Net gain

Delinquent and non-performing loans
Multi-family residential	4	$	1,984	$	—	$	55
Commercial	2		970		—		—
One-to-four family - mixed-use property	5		1,546		—		81
Total	11	$	4,500	$	—	$	136

(1)	Does not include $2.6 million net gain on sale recorded from the reversal of a previously recorded valuation allowance upon the transfer of $32.1 million of loans held for sale to loans held for investment.

(2)

Does not include $2.6 million net gain on sale recorded from the reversal of a previously recorded valuation allowance upon the transfer of $32.1 million of loans held for sale to loans held for investment and $0.2 million net loss on sale recorded to write-down performing mortgage loans to their anticipated sales price.