Note 4 - Loans, Allowance for Credit Losses and Credit Quality (Tables)

6 Months Ended

Jun. 30, 2025

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

		*At June 30,*								*At December 31,*
		*2025*								*2024*
		*Amount*				*Percent*				*Amount*				*Percent*
		(Dollars in thousands)
Real estate loans:
One-to-four family residential		$	448,473				34.6	%		$	422,841				36.9	%
Multi-family			385,845				29.9	%			343,970				30.0	%
Commercial			309,990				24.0	%			228,991				20.0	%
Home equity lines of credit and loans			47,586				3.7	%			45,154				4.0	%
Construction			87,211				6.8	%			90,894				7.9	%
Other loans:
Commercial			12,330				0.9	%			13,844				1.2	%
Consumer			889				0.1	%			141				0.0	%
Total loans, gross			1,292,324				100.0	%			1,145,835				100.0	%
Less:
Net deferred loan fees			(697	)							(502	)
Allowance for credit losses			(9,886	)							(8,884	)
Total loans, net		$	1,281,741							$	1,136,449

Financing Receivable, Allowance for Credit Loss [Table Text Block]

		*For the three months ended June 30, 2025*
		(in thousands)
		*Beginning*												*Provision*				*Ending*
		*Balance*				*Charge-offs*				*Recoveries*				*(benefit)*				Balance⁽¹⁾
Real estate loans:
One-to-four family residential		$	2,698			$	—			$	—			$	135			$	2,833
Multi-family			2,632				—				—				134				2,766
Commercial			2,532				—				—				586				3,118
Home equity lines of credit and loans			119				—				—				15				134
Construction			708				—				—				208				916
Other loans:
Commercial			118				—				—				(5	)			113
Consumer			1				(2	)			1				6				6
Total		$	8,808			$	(2	)		$	1			$	1,079			$	9,886

		*For the six months ended June 30, 2025*
		(in thousands)
		*Beginning*												*(Benefit)*				*Ending*
		*Balance*				*Charge-offs*				*Recoveries*				*provision*				Balance⁽¹⁾
Real estate loans:
One-to-four family residential		$	2,928			$	—			$	—			$	(95	)		$	2,833
Multi-family			2,422				—				—				344				2,766
Commercial			2,260				—				—				858				3,118
Home equity lines of credit and loans			118				—				—				16				134
Construction			1,036				—				—				(120	)			916
Other loans:
Commercial			119				(81	)			—				75				113
Consumer			1				(3	)			1				7				6
Total		$	8,884			$	(84	)		$	1			$	1,085			$	9,886

		*For the three months ended June 30, 2024*
		(in thousands)
		*Beginning*												*Provision*				*Ending*
		*Balance*				*Charge-offs*				*Recoveries*				*(benefit)*				Balance⁽¹⁾
Real estate loans:
One-to-four family residential		$	3,511			$	—			$	—			$	93			$	3,604
Multi-family			1,283				—				—				21				1,304
Commercial			1,672				—				—				68				1,740
Home equity lines of credit and loans			319				—				—				44				363
Construction			1,681				—				—				133				1,814
Other loans:
Commercial			203				—				—				(4	)			199
Consumer			1				(3	)			—				3				1
Total		$	8,670			$	(3	)		$	—			$	358			$	9,025

		*For the six months ended June 30, 2024*
		(in thousands)
		*Beginning*																*Ending*
		*Balance*				*Charge-offs*				*Recoveries*				*Provision*				Balance⁽¹⁾
Real estate loans:
One-to-four family residential		$	3,555			$	—			$	—			$	49			$	3,604
Multi-family			1,190				—				—				114				1,304
Commercial			1,636				—				—				104				1,740
Home equity lines of credit and loans			321				—				—				42				363
Construction			1,757				—				—				57				1,814
Other loans:
Commercial			131				—				—				68				199
Consumer			1				(3	)			—				3				1
Total		$	8,591			$	(3	)		$	—			$	437			$	9,025

Financing Receivable, Past Due [Table Text Block]

																										*90 days or*
										*90 Days*				*Total*				*Total*				*Total*				*more past due*				*Loans on*
		*30–59 Days*				*60–89 Days*				*or More*				*Past Due*				*Current*				*Loans*				*and accruing*				*Non-accrual*
		(in thousands)
As of June 30, 2025
Real estate loans:
One-to-four family residential		$	57			$	490			$	106			$	653			$	447,820			$	448,473			$	—			$	982
Multi-family			1,313				—				—				1,313				384,532				385,845				—				—
Commercial			—				—				—				—				309,990				309,990				—				—
Home equity lines of credit and loans			80				—				12				92				47,494				47,586				—				304
Construction			—				—				—				—				87,211				87,211				—				—

Other loans:
Commercial			—				—				—				—				12,330				12,330				—				—
Consumer			—				—				—				—				889				889				—				—
		$	1,450			$	490			$	118			$	2,058			$	1,290,266			$	1,292,324			$	—			$	1,286

																										90 days or
										*90 Days*				*Total*				*Total*				*Total*				*more past due*				*Loans on*
		*30–59 Days*				*60–89 Days*				*or More*				*Past Due*				*Current*				*Loans*				*and accruing*				*Non-accrual*
		(in thousands)
As of December 31, 2024
Real estate loans:
One-to-four family residential		$	1,260			$	—			$	1,077			$	2,337			$	420,504			$	422,841			$	—			$	1,872
Multi-family			—				—				—				—				343,970				343,970				—				—
Commercial			—				—				—				—				228,991				228,991				—				—
Home equity lines of credit and loans			405				—				85				490				44,664				45,154				—				85
Construction			—				—				—				—				90,894				90,894				—				—

Other loans:
Commercial			—				—				—				—				13,844				13,844				—				—
Consumer			—				—				—				—				141				141				—				—
		$	1,665			$	—			$	1,162			$	2,827			$	1,143,008			$	1,145,835			$	—			$	1,957

Financing Receivable, Nonaccrual [Table Text Block]

														*Six Months Ended*
		*As of June 30, 2025*												*June 30, 2025*
		*With an*				*Without an*
		*Allowance for*				*Allowance for*								*Interest Income*
		*Credit Losses*				*Credit Losses*				*Total*				*Recognized*
		(in thousands)

Real estate loans:
One-to-four family residential		$	—			$	982			$	982			$	32
Home equity lines of credit and loans			—				304				304				17
Total nonaccrual loans		$	—			$	1,286			$	1,286			$	49

														Year Ended
		As of December 31, 2024												December 31, 2024
		*With an*				*Without an*
		*Allowance for*				*Allowance for*								*Interest Income*
		*Credit Losses*				*Credit Losses*				*Total*				*Recognized*
		(in thousands)

Real estate loans:
One-to-four family residential		$	—			$	1,872			$	1,872			$	53
Home equity lines of credit and loans			—				85				85				1
Total nonaccrual loans		$	—			$	1,957			$	1,957			$	54

Financing Receivable Credit Quality Indicators [Table Text Block]

																										*Revolving*				*Revolving*
																										*Loans*				*Loans*
																										*Amortized*				*Converted*
		*Term Loans Amortized Cost Basis by Origination Year*																								*Cost Basis*				*to Term*				*Total*
		*2025*				*2024*				*2023*				*2022*				*2021*				*Prior*
		(in thousands)
As of June 30, 2025
One-to-four family residential
Pass		$	17,297			$	8,865			$	14,006			$	33,592			$	14,440			$	15,095			$	—			$	—			$	103,295
Special Mention			—				—				522				—				365				518				—				—				1,405
Substandard			—				—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—				—
Loans not formally rated ⁽¹⁾			22,427				27,097				46,181				81,025				66,996				100,047				—				—				343,773
Total		$	39,724			$	35,962			$	60,709			$	114,617			$	81,801			$	115,660			$	—			$	—			$	448,473

Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Multi-family
Pass		$	51,895			$	21,409			$	52,357			$	204,438			$	28,267			$	17,083			$	10,396			$	—			$	385,845
Special Mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—				—
Loans not formally rated ⁽¹⁾			—				—				—				—				—				—				—				—				—
Total		$	51,895			$	21,409			$	52,357			$	204,438			$	28,267			$	17,083			$	10,396			$	—			$	385,845

Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Commercial real estate
Pass		$	68,926			$	28,561			$	38,690			$	98,260			$	24,521			$	44,621			$	6,411			$	—			$	309,990
Special Mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—				—
Loans not formally rated ⁽¹⁾			—				—				—				—				—				—				—				—				—
Total		$	68,926			$	28,561			$	38,690			$	98,260			$	24,521			$	44,621			$	6,411			$	—			$	309,990

Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Home equity lines of credit and loans
Pass		$	—			$	197			$	320			$	—			$	—			$	—			$	6,582			$	—			$	7,099
Special Mention			—				—				—				—				—				5				337				12				354
Substandard			—				—				—				—				—				—				99				—				99
Doubtful			—				—				—				—				—				—				—				—				—
Loans not formally rated ⁽¹⁾			89				173				367				26				4				63				38,669				643				40,034
Total		$	89			$	370			$	687			$	26			$	4			$	68			$	45,687			$	655			$	47,586

Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Construction
Pass		$	15,131			$	42,451			$	12,781			$	10,038			$	337			$	2,988			$	—			$	—			$	83,726
Special Mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—				—
Loans not formally rated ⁽¹⁾			1,991				951				543				—				—				—				—				—				3,485
Total		$	17,122			$	43,402			$	13,324			$	10,038			$	337			$	2,988			$	—			$	—			$	87,211

Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Commercial
Pass		$	—			$	4,501			$	4,392			$	2,314			$	288			$	167			$	668			$	—			$	12,330
Special Mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—				—
Loans not formally rated ⁽¹⁾			—				—				—				—				—				—				—				—				—
Total		$	—			$	4,501			$	4,392			$	2,314			$	288			$	167			$	668			$	—			$	12,330

Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	16			$	65			$	—			$	81

Consumer
Pass		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—
Special Mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—				—
Loans not formally rated ⁽¹⁾			765				7				12				24				35				4				42				—				889
Total		$	765			$	7			$	12			$	24			$	35			$	4			$	42			$	—			$	889

Current-period gross charge-offs		$	3			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	3

																										Revolving				Revolving
																										Loans				Loans
																										Amortized				Converted
		Term Loans Amortized Cost Basis by Origination Year																								Cost Basis				to Term				Total
		2024				2023				2022				2021				2020				Prior
		(in thousands)
As of December 31, 2024
One-to-four family residential
Pass		$	8,351			$	12,065			$	34,466			$	15,123			$	3,979			$	11,766			$	—			$	—			$	85,750
Special Mention			—				—				—				—				636				771				—				—				1,407
Substandard			—				—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—				—
Loans not formally rated ⁽¹⁾			30,905				46,491				84,245				68,818				48,728				56,497				—				—				335,684
Total		$	39,256			$	58,556			$	118,711			$	83,941			$	53,343			$	69,034			$	—			$	—			$	422,841

Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Multi-family
Pass		$	24,006			$	55,612			$	201,562			$	35,315			$	8,611			$	8,792			$	10,072			$	—			$	343,970
Special Mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—				—
Loans not formally rated ⁽¹⁾			—				—				—				—				—				—				—				—				—
Total		$	24,006			$	55,612			$	201,562			$	35,315			$	8,611			$	8,792			$	10,072			$	—			$	343,970

Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Commercial real estate
Pass		$	28,614			$	40,935			$	82,054			$	25,215			$	15,447			$	32,071			$	4,655			$	—			$	228,991
Special Mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—				—
Loans not formally rated ⁽¹⁾			—				—				—				—				—				—				—				—				—
Total		$	28,614			$	40,935			$	82,054			$	25,215			$	15,447			$	32,071			$	4,655			$	—			$	228,991

Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Home equity lines of credit and loans
Pass		$	199			$	323			$	—			$	—			$	—			$	—			$	8,083			$	—			$	8,605
Special Mention			—				—				—				—				—				10				322				—				332
Substandard			—				—				—				—				—				—				99				—				99
Doubtful			—				—				—				—				—				—				—				—				—
Loans not formally rated ⁽¹⁾			176				382				27				7				—				71				34,618				837				36,118
Total		$	375			$	705			$	27			$	7			$	—			$	81			$	43,122			$	837			$	45,154

Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Construction
Pass		$	30,986			$	19,398			$	32,483			$	2,493			$	—			$	2,988			$	—			$	—			$	88,348
Special Mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—				—
Loans not formally rated ⁽¹⁾			1,116				1,430				—				—				—				—				—				—				2,546
Total		$	32,102			$	20,828			$	32,483			$	2,493			$	—			$	2,988			$	—			$	—			$	90,894

Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Commercial
Pass		$	4,501			$	4,410			$	2,597			$	340			$	—			$	195			$	1,801			$	—			$	13,844
Special Mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—				—
Loans not formally rated ⁽¹⁾			—				—				—				—				—				—				—				—				—
Total		$	4,501			$	4,410			$	2,597			$	340			$	—			$	195			$	1,801			$	—			$	13,844

Current-period gross charge-offs		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—

Consumer
Pass		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—
Special Mention			—				—				—				—				—				—				—				—				—
Substandard			—				—				—				—				—				—				—				—				—
Doubtful			—				—				—				—				—				—				—				—				—
Loans not formally rated ⁽¹⁾			7				16				29				39				—				6				44				—				141
Total		$	7			$	16			$	29			$	39			$	—			$	6			$	44			$	—			$	141

Current-period gross charge-offs		$	4			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	4