v3.25.3
Note 4 - Loans Receivable (Tables)
 9 Months Ended
Sep. 30, 2025
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

September 30, 2025

  

December 31, 2024

 

One-to-four family residential real estate

 $12,859  $14,829 

Multi-family residential real estate

  486,050   521,957 

Nonresidential real estate

  98,804   108,153 

Commercial loans and leases

  169,335   248,595 

Consumer

  1,598   1,623 
   768,646   895,157 

Allowance for credit losses

  (8,814)  (7,571)

Loans, net

 $759,832  $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

                    
                     

September 30, 2025

                    

One-to-four family residential real estate:

                    

Home equity and junior liens

 $47  $(2) $—  $—  $45 

One-to-four family first liens

  193   (15)  —   3   181 

Multi-family residential real estate:

                    

Senior notes

  4,295   (99)  —   3   4,199 

Junior notes

  432   (25)  —   —   407 

Nonresidential real estate:

                    

Owner occupied

  181   (12)  —   —   169 

Non-owner occupied

  1,052   (68)  —   —   984 

Commercial loans and leases:

                    

Commercial

  657   14   (90)  4   585 

Equipment finance - Government

  2,107   (9)  —   —   2,098 

Equipment finance - Corporate Investment-grade

  108   (2)  —   —   106 

Consumer

  44   8   (12)  —   40 
  $9,116  $(210) $(102) $10  $8,814 
                     

September 30, 2024

                    

One-to-four family residential real estate:

                    

Home equity and junior liens

 $61  $(5) $—  $—  $56 

One-to-four family first liens

  263   (47)  —   22   238 

Multi-family residential real estate:

                    

Senior notes

  4,402   (54)  —   6   4,354 

Junior notes

  441   10   —   —   451 

Nonresidential real estate:

                    

Owner occupied

  173   23   —   —   196 

Non-owner occupied

  1,224   (5)  —   —   1,219 

Commercial loans and leases:

                    

Commercial

  1,267   209   (364)  —   1,112 

Equipment finance - Government

  97   342   (367)  —   72 

Equipment finance - Corporate Investment-grade

  160   (15)  —   —   145 

Consumer

  54   14   (12)  —   56 
  $8,142  $472  $(743) $28  $7,899 
  

Beginning balance

  

Provision for (recovery of) credit losses

  

Loans charged off

  

Recoveries

  

Ending balance

 

For the nine months ended

                    
                     

September 30, 2025

                    

One-to-four family residential real estate:

                    

Home equity and junior liens

 $54  $(9) $—  $—  $45 

One-to-four family first liens

  217   (44)  —   8   181 

Multi-family residential real estate:

                    

Senior notes

  4,320   27   (156)  8   4,199 

Junior notes

  444   104   (141)  —   407 

Nonresidential real estate:

                    

Owner occupied

  180   (11)  —   —   169 

Non-owner occupied

  1,162   (178)  —   —   984 

Commercial loans and leases:

                    

Commercial

  944   (117)  (259)  17   585 

Equipment finance - Government

  60   2,038   —   —   2,098 

Equipment finance - Corporate Investment-grade

  142   (36)  —   —   106 

Consumer

  48   16   (26)  2   40 
  $7,571  $1,790  $(582) $35  $8,814 
                     

September 30, 2024

                    

One-to-four family residential real estate:

                    

Home equity and junior liens

 $75  $(19) $—  $—  $56 

One-to-four family first liens

  220   (9)  —   27   238 

Multi-family residential real estate:

                    

Senior notes

  4,178   160   —   16   4,354 

Junior notes

  371   80   —   —   451 

Nonresidential real estate:

                    

Owner occupied

  144   52   —   —   196 

Non-owner occupied

  1,022   197   —   —   1,219 

Commercial loans and leases:

                    

Commercial

  1,964   (332)  (532)  12   1,112 

Equipment finance - Government

  148   291   (367)  —   72 

Equipment finance - Corporate Investment-grade

  191   (46)  —   —   145 

Consumer

  32   61   (37)  —   56 
  $8,345  $435  $(936) $55  $7,899 
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

 

September 30, 2025

                        

Loans:

                        

Loans individually evaluated

 $27  $—  $—  $9,307  $—  $9,334 

Loans collectively evaluated

  12,832   486,050   98,804   160,028   1,598   759,312 
  $12,859  $486,050  $98,804  $169,335  $1,598  $768,646 

ACL:

                        

Loans individually evaluated

 $—  $—  $—  $2,075  $—  $2,075 

Loans collectively evaluated

  226   4,606   1,153   714   40   6,739 
  $226  $4,606  $1,153  $2,789  $40  $8,814 
  

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

  

Nine Months Ended

 
                  

September 30, 2025

  

September 30, 2025

 
  

Loan Balance

  

Recorded Investment

  

Partial Charge-off

  

Allowance for Credit Losses Allocated

  

Average Investment

  

Interest Income Recognized

  

Average Investment

  

Interest Income Recognized

 

September 30, 2025

                                

With no related allowance recorded:

                                

One-to-four family residential real estate

 $27  $27  $—  $—  $28  $—  $72  $1 

Commercial loans and leases

  1,297   886   408   —   868   2   8,098   6 
   1,324   913   408   —   896   2   8,170   7 
                                 

With an allowance recorded - commercial loans and leases

  8,421   8,421   —   2,075   8,421   —   3,743   — 
                                 
  $9,745  $9,334  $408  $2,075  $9,317  $2  $11,913  $7 
                  

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

 

September 30, 2025

        

One-to-four family residential real estate

 $12  $— 

Nonresidential real estate

  —   408 

Commercial loans and leases

  9,230   1,835 

Consumer

  —   1 
  $9,242  $2,244 

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

 

September 30, 2025

                            

One-to-four family residential real estate

 $—  $65  $—  $65  $12  $12,782  $12,859 

Multi-family residential real estate

  —   19   —   19   —   486,031   486,050 

Nonresidential real estate

  —   —   408   408   —   98,396   98,804 

Commercial loans and leases

  2,494   482   1,835   4,811   9,230   155,294   169,335 

Consumer

  4   5   1   10   —   1,588   1,598 
  $2,498  $571  $2,244  $5,313  $9,242  $754,091  $768,646 
  

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

 

September 30, 2025

                    

One-to-four family residential real estate

 $12,425  $281  $141  $12  $12,859 

Multi-family residential real estate

  477,584   4,514   3,952   —   486,050 

Nonresidential real estate

  97,614   782   408   —   98,804 

Commercial loans and leases

  158,193   1   1,911   9,230   169,335 

Consumer

  1,590   5   3   —   1,598 
  $747,406  $5,583  $6,415  $9,242  $768,646 
  

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

 

September 30, 2025

                                
                                 

One-to-four family residential real estate:

                             

Risk-rating

                                

Pass

 $70  $—  $480  $—  $—  $9,067  $2,808  $12,425 

Special mention

  281   —   —   —   —   —   —   281 

Substandard

  —   —   —   —   —   69   72   141 

Nonaccrual

  —   —   —   —   —   —   12   12 
  $351  $—  $480  $—  $—  $9,136  $2,892  $12,859 

One-to-four family residential real estate:

                             

Current period recoveries

 $—  $—  $—  $—  $—  $8  $—  $8 

Multi-family residential real estate:

                            

Risk rating

                                

Pass

 $8,420  $32,511  $33,624  $184,506  $96,700  $117,339  $4,484  $477,584 

Special mention

  —   —   —   3,839   —   675   —   4,514 

Substandard

  —   —   —   —   3,952   —   —   3,952 
  $8,420  $32,511  $33,624  $188,345  $100,652  $118,014  $4,484  $486,050 

Multi-family residential real estate:

                            

Current period gross charge-offs

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

Current period recoveries

  —   —   —   —   —   8   —   8 
  $—  $—  $—  $(297) $—  $8  $—  $(289)

Nonresidential real estate:

                                

Risk rating

                                

Pass

 $1,074  $12,322  $14,015  $46,089  $13,994  $9,112  $1,008  $97,614 

Special mention

  —   —   —   —   —   782   —   782 

Substandard

  —   —   —   —   —   408   —   408 
  $1,074  $12,322  $14,015  $46,089  $13,994  $10,302  $1,008  $98,804 

Commercial loans and leases:

                                

Risk rating

                                

Pass

 $15,146  $20,382  $20,374  $42,946  $16,275  $1,397  $41,673  $158,193 

Special mention

  —   —   —   —   —   —   1   1 

Substandard

  —   —   —   76   —   1   1,834   1,911 

Nonaccrual

  —   —   38   9,156   36   —   —   9,230 
  $15,146  $20,382  $20,412  $52,178  $16,311  $1,398  $43,508  $169,335 

Commercial loans and leases:

                                

Current period gross charge-offs

 $(11) $(88) $(11) $(142) $(6) $—  $(1) $(259)

Current period recoveries

  —   —   8   7   —   2   —   17 
  $(11) $(88) $(3) $(135) $(6) $2  $(1) $(242)

Consumer:

                                

Risk rating

                                

Pass

 $195  $572  $142  $3  $—  $—  $678  $1,590 

Special mention

  —   —   —   —   —   —   5   5 

Substandard

  —   1   —   —   —   —   2   3 
  $195  $573  $142  $3  $—  $—  $685  $1,598 

Consumer:

                                

Current period gross charge-offs

 $—  $—  $—  $—  $—  $—  $(26) $(26)

Current period recoveries

  —   —   —   —   —   —   2   2 
  $—  $—  $—  $—  $—  $—  $(24) $(24)
  

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 
  $16,760  $14,355  $47,580  $14,771  $7,335  $6,439  $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)