LOANS AND ALLOWANCE FOR CREDIT LOSSES

Schedule of classes of loans by aging as of the dates indicated


	June 30, 2025
													Total Loans
					Over 90						Total		> 90 Days Past
	30-59 Days		60-89 Days		Days		Total Past				Loans		Due and
	Past Due		Past Due		Past Due		Due		Current		Receivable		Still Accruing

	(In Thousands)
One- to four-family residential construction	$	—	$	—	$	—	$	—	$	21,667	$	21,667	$	—
Subdivision construction		—		—		—		—		25,415		25,415		—
Land development		—		—		—		—		27,297		27,297		—
Commercial construction		—		—		—		—		292,188		292,188		—
Owner occupied one- to four-family residential		105		120		665		890		676,845		677,735		—
Non-owner occupied one- to four-family residential		—		—		1,361		1,361		131,259		132,620		—
Commercial real estate		—		—		—		—		1,487,680		1,487,680		—
Other residential (multi-family)		—		—		—		—		1,577,941		1,577,941		—
Commercial business		30		33		—		63		195,019		195,082		—
Consumer auto		12		13		—		25		24,713		24,738		—
Consumer other		18		24		18		60		24,870		24,930		—
Home equity lines of credit		38		47		—		85		117,565		117,650		—
Total	$	203	$	237	$	2,044	$	2,484	$	4,602,459	$	4,604,943	$	—


	December 31, 2024
													Total Loans
					Over 90						Total		> 90 Days Past
	30-59 Days		60-89 Days		Days		Total Past				Loans		Due and
	Past Due		Past Due		Past Due		Due		Current		Receivable		Still Accruing

	(In Thousands)
One- to four-family residential construction	$	12	$	—	$	—	$	12	$	30,521	$	30,533	$	—
Subdivision construction		—		—		—		—		19,861		19,861		—
Land development		—		—		464		464		42,040		42,504		—
Commercial construction		—		—		—		—		352,793		352,793		—
Owner occupied one- to four-family residential		1,704		816		950		3,470		706,976		710,446		—
Non-owner occupied one- to four-family residential		642		—		1,681		2,323		120,578		122,901		—
Commercial real estate		—		—		77		77		1,543,665		1,543,742		—
Other residential (multi-family)		—		—		—		—		1,549,249		1,549,249		—
Commercial business		—		—		384		384		219,907		220,291		—
Consumer auto		39		1		—		40		25,747		25,787		—
Consumer other		145		4		17		166		27,739		27,905		—
Home equity lines of credit		63		56		—		119		115,717		115,836		—
Total	$	2,605	$	877	$	3,573	$	7,055	$	4,754,793	$	4,761,848	$	—

Schedule of activity in the allowance for credit losses and unfunded commitments by portfolio segment


	One- to Four-
	Family
	Residential and		Other		Commercial		Commercial		Commercial
	Construction		Residential		Real Estate		Construction		Business		Consumer		Total

	(In Thousands)
Allowance for credit losses
Balance, March 31, 2024	$	9,660	$	13,886	$	29,469	$	2,748	$	5,396	$	3,928	$	65,087
Provision (credit) charged to expense		—		—		—		—		—		—		—
Losses charged off		(9)		—		—		(101)		—		(439)		(549)
Recoveries		27		—		—		194		281		215		717
Balance, June 30, 2024	$	9,678	$	13,886	$	29,469	$	2,841	$	5,677	$	3,704	$	65,255

Allowance for credit losses
Balance, March 31, 2025	$	9,192	$	15,594	$	28,794	$	2,929	$	4,522	$	3,673	$	64,704
Provision (credit) charged to expense		—		—		—		—		—		—		—
Losses charged off		(10)		—		—		—		—		(241)		(251)
Recoveries		22		—		—		7		190		143		362
Balance, June 30, 2025	$	9,204	$	15,594	$	28,794	$	2,936	$	4,712	$	3,575	$	64,815


	One- to Four-
	Family
	Residential and		Other		Commercial		Commercial		Commercial
	Construction		Residential		Real Estate		Construction		Business		Consumer		Total

	(In Thousands)
Allowance for credit losses
Balance, January 1, 2024	$	9,820	$	13,370	$	28,171	$	2,844	$	6,935	$	3,530	$	64,670
Provision (credit) charged to expense		(107)		516		1,298		(96)		(1,596)		485		500
Losses charged off		(65)		—		—		(101)		(31)		(779)		(976)
Recoveries		30		—		—		194		369		468		1,061
Balance, June 30, 2024	$	9,678	$	13,886	$	29,469	$	2,841	$	5,677	$	3,704	$	65,255

Allowance for credit losses
Balance, January 1, 2025	$	9,224	$	15,594	$	28,802	$	2,735	$	4,656	$	3,749	$	64,760
Provision (credit) charged to expense		—		—		—		—		—		—		—
Losses charged off		(46)		—		(8)		—		(147)		(475)		(676)
Recoveries		26		—		—		201		203		301		731
Balance, June 30, 2025	$	9,204	$	15,594	$	28,794	$	2,936	$	4,712	$	3,575	$	64,815


	One- to Four-
	Family
	Residential and		Other		Commercial		Commercial		Commercial
	Construction		Residential		Real Estate		Construction		Business		Consumer		Total

	(In Thousands)
Allowance for unfunded commitments
Balance, March 31, 2024	$	679	$	3,978	$	614	$	509	$	1,353	$	484	$	7,617
Provision (credit) charged to expense		(6)		(632)		32		41		(10)		(32)		(607)
Balance, June 30, 2024	$	673	$	3,346	$	646	$	550	$	1,343	$	452	$	7,010

Allowance for unfunded commitments
Balance, March 31, 2025	$	658	$	4,594	$	620	$	418	$	1,428	$	437	$	8,155
Provision (credit) charged to expense		97		9		61		54		(281)		(50)		(110)
Balance, June 30, 2025	$	755	$	4,603	$	681	$	472	$	1,147	$	387	$	8,045


	One- to Four-
	Family
	Residential and		Other		Commercial		Commercial		Commercial
	Construction		Residential		Real Estate		Construction		Business		Consumer		Total

	(In Thousands)
Allowance for unfunded commitments
Balance, January 1, 2024	$	706	$	4,006	$	619	$	741	$	959	$	456	$	7,487
Provision (credit) charged to expense		(33)		(660)		27		(191)		384		(4)		(477)
Balance, June 30, 2024	$	673	$	3,346	$	646	$	550	$	1,343	$	452	$	7,010

Allowance for unfunded commitments
Balance, January 1, 2025	$	619	$	4,833	$	653	$	496	$	1,468	$	434	$	8,503
Provision (credit) charged to expense		136		(230)		28		(24)		(321)		(47)		(458)
Balance, June 30, 2025	$	755	$	4,603	$	681	$	472	$	1,147	$	387	$	8,045

Schedule of loan modifications made to borrowers experiencing financial difficulty by the loan portfolio and type of concessions granted

Amortized Cost Basis at June 30, 2025

Interest Rate

Term

Total

Reduction

Extension

Combination

Modifications

(In Thousands)

Construction and land development

$

—

$

—

$

—

$

—

One- to four-family residential

—

Other residential (multi-family)

—

Commercial real estate

—

Commercial business

—

Consumer

—

$

—

$

—

$

—

$

—


	Amortized Cost Basis at December 31, 2024
	Interest Rate		Term				Total
	Reduction		Extension		Combination		Modifications

		(In Thousands)
Construction and land development	$	—	$	—	$	—	$	—
One- to four-family residential		—		—		—		—
Other residential (multi-family)		—		2,709		—		2,709
Commercial real estate		—		70		—		70
Commercial business		—		—		—		—
Consumer		—		31		—		31
	$	—	$	2,810	$	—	$	2,810

Schedule of loans by category and risk rating separated by origination and loan class

The following tables present a summary of loans by category and risk rating separated by origination and loan class as of June 30, 2025 and December 31, 2024.


	Term Loans by Origination Year
													Revolving
June 30, 2025	2025 YTD		2024		2023		2022		2021		Prior		Loans		Total

	(In Thousands)
One- to four-family residential construction
Satisfactory (1-4)	$	4,017	$	6,863	$	4,676	$	822	$	—	$	—	$	5,289	$	21,667
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		4,017		6,863		4,676		822		—		—		5,289		21,667
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Subdivision construction
Satisfactory (1-4)		400		3,936		343		270		17,776		460		2,230		25,415
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		400		3,936		343		270		17,776		460		2,230		25,415
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Construction and land development
Satisfactory (1-4)		1,222		10,168		4,258		1,120		509		7,123		2,897		27,297
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		1,222		10,168		4,258		1,120		509		7,123		2,897		27,297
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Other construction
Satisfactory (1-4)		25,411		134,514		20,586		94,307		17,370		—		—		292,188
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		25,411		134,514		20,586		94,307		17,370		—		—		292,188
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

One- to four-family residential
Satisfactory (1-4)		33,036		41,408		56,380		285,573		163,887		224,983		500		805,767
Watch (5)		—		—		—		—		—		724		—		724
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		308		479		344		1,156		1,577		3,864
Total		33,036		41,408		56,688		286,052		164,231		226,863		2,077		810,355
Current Period Gross Charge Offs		—		—		—		21		16		9		—		46

Other residential (multi-family)
Satisfactory (1-4)		63,819		65,872		111,631		622,476		422,747		284,956		3,755		1,575,256
Watch (5)		—		—		—		—		—		2,685		—		2,685
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		63,819		65,872		111,631		622,476		422,747		287,641		3,755		1,577,941
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Commercial real estate
Satisfactory (1-4)		9,965		112,068		90,687		302,479		193,116		723,170		33,061		1,464,546
Watch (5)		—		—		—		11,047		—		7,790		—		18,837
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		4,297		—		4,297
Total		9,965		112,068		90,687		313,526		193,116		735,257		33,061		1,487,680
Current Period Gross Charge Offs		—		—		—		—		8		—		—		8

Commercial business
Satisfactory (1-4)		17,652		25,746		11,528		17,928		17,386		42,140		58,767		191,147
Watch (5)		—		—		—		911		2,959		—		—		3,870
Special Mention (6)		—		—		—		—		—		32		—		32
Classified (7-9)		—		—		—		—		—		—		33		33
Total		17,652		25,746		11,528		18,839		20,345		42,172		58,800		195,082
Current Period Gross Charge Offs		—		—		—		—		—		135		12		147

Consumer
Satisfactory (1-4)		9,250		13,281		6,656		4,049		1,578		8,866		122,315		165,995
Watch (5)		—		—		—		1		—		193		73		267
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		11		2		17		3		11		53		959		1,056
Total		9,261		13,283		6,673		4,053		1,589		9,112		123,347		167,318
Current Period Gross Charge Offs		—		21		15		12		—		425		2		475

Combined
Satisfactory (1-4)		164,772		413,856		306,745		1,329,024		834,369		1,291,698		228,814		4,569,278
Watch (5)		—		—		—		11,959		2,959		11,392		73		26,383
Special Mention (6)		—		—		—		—		—		32		—		32
Classified (7-9)		11		2		325		482		355		5,506		2,569		9,250
Total	$	164,783	$	413,858	$	307,070	$	1,341,465	$	837,683	$	1,308,628	$	231,456	$	4,604,943
Current Period Gross Charge Offs	$	—	$	21	$	15	$	33	$	24	$	569	$	14	$	676


	Term Loans by Origination Year
													Revolving
December 31, 2024	2024		2023		2022		2021		2020		Prior		Loans		Total

	(In Thousands)
One- to four-family residential construction
Satisfactory (1-4)	$	11,750	$	8,961	$	822	$	—	$	—	$	—	$	9,000	$	30,533
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		11,750		8,961		822		—		—		—		9,000		30,533
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Subdivision construction
Satisfactory (1-4)		711		182		136		17,609		29		205		989		19,861
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		711		182		136		17,609		29		205		989		19,861
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Construction and land development
Satisfactory (1-4)		18,282		6,112		2,722		5,210		3,105		4,236		2,373		42,040
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		464		—		—		464
Total		18,282		6,112		2,722		5,210		3,569		4,236		2,373		42,504
Current Period Gross Charge Offs		—		—		—		—		—		101		—		101

Other construction
Satisfactory (1-4)		78,337		52,046		189,389		33,021		—		—		—		352,793
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		78,337		52,046		189,389		33,021		—		—		—		352,793
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

One- to four-family residential
Satisfactory (1-4)		42,931		59,973		304,054		176,759		91,238		153,392		426		828,773
Watch (5)		—		—		—		—		145		597		—		742
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		628		387		129		—		1,178		1,510		3,832
Total		42,931		60,601		304,441		176,888		91,383		155,167		1,936		833,347
Current Period Gross Charge Offs		—		49		—		—		—		16		—		65

Other residential (multi-family)
Satisfactory (1-4)		66,028		92,268		552,183		506,902		179,094		146,712		3,352		1,546,539
Watch (5)		—		—		—		—		—		2,710		—		2,710
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		66,028		92,268		552,183		506,902		179,094		149,422		3,352		1,549,249
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Commercial real estate
Satisfactory (1-4)		97,512		81,282		320,442		217,049		96,246		682,549		35,937		1,531,017
Watch (5)		—		—		—		—		—		7,879		—		7,879
Special Mention (6)		—		—		—		—		—		438		—		438
Classified (7-9)		—		—		—		77		—		4,331		—		4,408
Total		97,512		81,282		320,442		217,126		96,246		695,197		35,937		1,543,742
Current Period Gross Charge Offs		—		—		54		10		—		1,236		—		1,300

Commercial business
Satisfactory (1-4)		21,179		29,846		28,678		20,301		7,646		44,908		62,015		214,573
Watch (5)		—		—		1,005		3,296		—		—		—		4,301
Special Mention (6)		—		—		995		—		38		—		—		1,033
Classified (7-9)		—		245		—		—		—		139		—		384
Total		21,179		30,091		30,678		23,597		7,684		45,047		62,015		220,291
Current Period Gross Charge Offs		—		—		—		4		27		164		48		243

Consumer
Satisfactory (1-4)		17,391		9,234		6,147		2,618		1,151		10,478		120,653		167,672
Watch (5)		—		—		5		—		4		194		107		310
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		1		9		11		20		—		53		1,452		1,546
Total		17,392		9,243		6,163		2,638		1,155		10,725		122,212		169,528
Current Period Gross Charge Offs		13		105		122		32		4		1,161		54		1,491

Combined
Satisfactory (1-4)		354,121		339,904		1,404,573		979,469		378,509		1,042,480		234,745		4,733,801
Watch (5)		—		—		1,010		3,296		149		11,380		107		15,942
Special Mention (6)		—		—		995		—		38		438		—		1,471
Classified (7-9)		1		882		398		226		464		5,701		2,962		10,634
Total	$	354,122	$	340,786	$	1,406,976	$	982,991	$	379,160	$	1,059,999	$	237,814	$	4,761,848
Current Period Gross Charge Offs	$	13	$	154	$	176	$	46	$	31	$	2,678	$	102	$	3,200