| Loans |
Note 4- Loans The Company’s loans are stated at their face amount, net of deferred fees and costs and discounts, and consist of the classes of loans included in the table below. The Company has elected to exclude accrued interest receivable, totaling $670,442 at December 31, 2025 and $603,309 as of June 30, 2025, from the amortized cost basis of loans and measurement of credit loss. A summary of loans by major category follows: | | | | | | | | | Unaudited | | | | | | December 31, 2025 | | June 30, 2025 | | | | (Dollars in thousands) | Commercial real estate | | $ | 90,819 | | $ | 91,867 | Commercial and industrial | | | 3,659 | | | 3,876 | Construction | | | 800 | | | 733 | One-to-four-family residential | | | 64,008 | | | 56,330 | Multi-family real estate | | | 51,679 | | | 47,808 | Consumer | | | 2,767 | | | 1,957 | Total loans | | | 213,732 | | | 202,571 | Deferred loan fees | | | (116) | | | (67) | Allowance for credit losses | | | (1,703) | | | (1,708) | Loans, net | | $ | 211,913 | | $ | 200,796 |
The following tables summarize the activity in the allowance for credit losses - loans by loan class for the three and six months ended December 31, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | Allowance for Credit Losses-Loans-Three Months Ended December 31, 2025 | | | | | (Dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Provision for | | | | | | | | | | | | | | | | | | (Recovery of) | | | | | | | | | | | | | | | | | | Credit | | | | | | | | | Beginning | | | | | | | | | Losses- | | | Ending | | | | | | Balance | | | Charge-offs | | | Recoveries | | | Loans | | | Balance | | | | | | October 1, 2025 | | | | | | | | | | | | December 31, 2025 | Commercial real estate | | $ | 418 | | $ | — | | $ | — | | $ | (51) | | $ | 367 | Commercial and industrial | | | 14 | | | — | | | — | | | (4) | | | 10 | Construction | | | 5 | | | — | | | — | | | (4) | | | 1 | One-to-four-family residential | | | 979 | | | — | | | — | | | 121 | | | 1,100 | Multi-family real estate | | | 236 | | | — | | | — | | | (29) | | | 207 | Consumer | | | | 17 | | | — | | | 1 | | | — | | | 18 | Total loans | | | $ | 1,669 | | $ | — | | $ | 1 | | $ | 33 | | $ | 1,703 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for Credit Losses-Loans-Three Months Ended December 31, 2024 | | | | | (Dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Provision for | | | | | | | | | | | | | | | | | | (Recovery of) | | | | | | | | | | | | | | | | | | Credit | | | | | | | | | Beginning | | | | | | | | | Losses- | | | Ending | | | | | | Balance | | | Charge-offs | | | Recoveries | | | Loans | | | Balance | | | | | | October 1, 2024 | | | | | | | | | | | | December 31, 2024 | Commercial real estate | | $ | 244 | | $ | — | | $ | — | | $ | 18 | | $ | 262 | Commercial and industrial | | | 15 | | | — | | | — | | | (1) | | | 14 | Construction | | | — | | | — | | | — | | | — | | | — | One-to-four-family residential | | | 1,210 | | | — | | | — | | | (1) | | | 1,209 | Multi-family real estate | | | 168 | | | — | | | — | | | (11) | | | 157 | Consumer | | | | 5 | | | — | | | 1 | | | 3 | | | 9 | Total loans | | | $ | 1,642 | | $ | — | | $ | 1 | | $ | 8 | | $ | 1,651 | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | Allowance for Credit Losses-Loans-Six Months Ended December 31, 2025 | | | | | (Dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Provision for | | | | | | | | | | | | | | | | | | (Recovery of) | | | | | | | | | | | | | | | | | | Credit | | | | | | | | | Beginning | | | | | | | | | Losses- | | | Ending | | | | | | Balance | | | Charge-offs | | | Recoveries | | | Loans | | | Balance | | | | | | July 1, 2025 | | | | | | | | | | | | December 31, 2025 | Commercial real estate | | $ | 390 | | $ | — | | $ | — | | $ | (23) | | $ | 367 | Commercial and industrial | | | 11 | | | — | | | — | | | (1) | | | 10 | Construction | | | 4 | | | — | | | — | | | (3) | | | 1 | One-to-four-family residential | | | 1,123 | | | — | | | — | | | (23) | | | 1,100 | Multi-family real estate | | | 171 | | | — | | | — | | | 36 | | | 207 | Consumer | | | | 9 | | | — | | | 2 | | | 7 | | | 18 | Total loans | | | $ | 1,708 | | $ | — | | $ | 2 | | $ | (7) | | $ | 1,703 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for Credit Losses-Loans-Six Months Ended December 31, 2024 | | | | | (Dollars in thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Provision for | | | | | | | | | | | | | | | | | | (Recovery of) | | | | | | | | | | | | | | | | | | Credit | | | | | | | | | Beginning | | | | | | | | | Losses- | | | Ending | | | | | | Balance | | | Charge-offs | | | Recoveries | | | Loans | | | Balance | | | | | | July 1, 2024 | | | | | | | | | | | | December 31, 2024 | Commercial real estate | | $ | 259 | | $ | — | | $ | — | | $ | 3 | | $ | 262 | Commercial and industrial | | | 16 | | | — | | | — | | | (2) | | | 14 | Construction | | | 28 | | | — | | | — | | | (28) | | | — | One-to-four-family residential | | | 1,314 | | | — | | | — | | | (105) | | | 1,209 | Multi-family real estate | | | 175 | | | — | | | — | | | (18) | | | 157 | Consumer | | | | 5 | | | — | | | 1 | | | 3 | | | 9 | Total loans | | | $ | 1,797 | | $ | — | | $ | 1 | | $ | (147) | | $ | 1,651 | | | | | | | | | | | | | | | | | | |
The following table presents a breakdown of the provision for (recovery of) credit losses for the periods indicated: | | | | | | | | | | | | | | | Three Months | | Six Months | | | Ended | | Ended | | | December 31, | | December 31, | | | 2025 | | 2024 | | 2025 | | | 2024 | Provision for (recovery of) credit losses: | | | | | | | | | | | | | Provision for (recovery of) loans | | $ | 33,000 | | $ | 8,000 | | $ | (7,000) | | $ | (147,000) | Provision for unfunded commitments | | | — | | | — | | | — | | | — | Total provision for (recovery of) credit losses | | $ | 33,000 | | $ | 8,000 | | $ | (7,000) | | $ | (147,000) | | | | | | | | | | | | | |
Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, collateral adequacy, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis typically includes larger, non-homogeneous loans such as commercial and industrial, commercial real estate loans and multi-family real estate loans. This analysis is performed on an ongoing basis as new information is obtained. The Company uses the following definitions for risk ratings: Pass – Loans classified as pass represent loans that are evaluated and are performing under the stated terms. Pass rated assets are analyzed by the paying capacity, the current net worth, and the value of the loan collateral of the obligor. Watch - A watch grade is assigned to any credit that is adequately secured and performing but monitored for a number of indicators. These characteristics may include, but are not limited to: any unexpected short-term adverse financial performance from budgeted projections or prior period results (i.e., declining profits, sales, margins, cash flow, or increased reliance on leverage, including adverse balance sheet ratios, trade debt issues, etc.), any managerial or personal problems of company management, a decline in the entire industry or local economic conditions, failure to provide financial information or other documentation as requested, issues regarding delinquency, overdrafts, or renewals, and any other issues that cause concern for the Company. Special Mention – The characteristics of a special mention asset have potential weaknesses that deserve the Company’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the institution’s credit position at some future date. Special mention assets are considered criticized assets. Characteristics of special mention loans may include: continued adverse financial trends relating to declining sales, profits, margins, balance sheet ratios, increasing debt to worth, and trade debt issues; cash flows declining in coverage, a repeated lack of compliance with Bank requests for information, correction of a violation of loan covenants, lack of current or adequate financial information or documentation, or more serious managerial or declining industry conditions. Weakness identified in a special mention credit should be short-term in nature. Substandard – Loans classified as substandard are inadequately protected by the current net worth, paying capacity of the obligor, or by the collateral pledged. Substandard loans must have a well-defined weakness or weaknesses that jeopardize the repayment of the debt as originally contracted. They are characterized by the distinct possibility that the Company will sustain a loss if the deficiencies are not corrected. Doubtful – Loans classified as doubtful have the weaknesses of those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans in this category are individually evaluated for impairment or charged-off if deemed uncollectible. Residential and Consumer Grading System-One-to-four-family residential real estate and consumer loans are graded as either non-performing or performing. Non-performing-Non-performing loans are loans in which the borrower has not made the scheduled payments of principal or interest, and are generally loans over 90 days past due and still accruing interest, and loans on non-accrual status. Performing-Performing loans are those loans in which the borrower is making timely payments of both principal and interest as upon the agreed loan terms. The following table presents the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of watch, special mention, substandard and doubtful within the Company’s internal risk rating system as of December 31, 2025 based on fiscal year of origination: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving | | | | | | | | | | | | | | | | | | | | | | | | | | | Loans | | | | | | | | | | | | | | | | | | | | | | | | Revolving | | Converted to | | | | | | 2026 | | 2025 | | 2024 | | 2023 | | 2022 | | Prior | | Loans | | Term Loans | | Total | | | | (Dollars in thousands) | Commercial real estate | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 10,166 | | $ | 27,727 | | $ | 2,034 | | $ | 3,236 | | $ | 22,246 | | $ | 24,596 | | $ | 161 | | $ | — | | $ | 90,166 | Watch | | | — | | | — | | | — | | | 653 | | | — | | | — | | | — | | | — | | | 653 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Nonaccrual | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total commercial real estate | | $ | 10,166 | | $ | 27,727 | | $ | 2,034 | | $ | 3,889 | | $ | 22,246 | | $ | 24,596 | | $ | 161 | | $ | — | | $ | 90,819 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 432 | | $ | 380 | | $ | 72 | | $ | 398 | | $ | 902 | | $ | 1,466 | | $ | 9 | | $ | — | | $ | 3,659 | Watch | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Nonaccrual | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total commercial and industrial | | $ | 432 | | $ | 380 | | $ | 72 | | $ | 398 | | $ | 902 | | $ | 1,466 | | $ | 9 | | $ | — | | $ | 3,659 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Construction | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | — | | $ | 800 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 800 | Watch | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Nonaccrual | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total construction | | $ | — | | $ | 800 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 800 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Multi-family real estate | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 12,629 | | $ | 3,627 | | $ | 1,241 | | $ | 2,547 | | $ | 15,569 | | $ | 16,034 | | $ | 32 | | $ | — | | $ | 51,679 | Watch | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Nonaccrual | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total multi-family real estate | | $ | 12,629 | | $ | 3,627 | | $ | 1,241 | | $ | 2,547 | | $ | 15,569 | | $ | 16,034 | | $ | 32 | | $ | — | | $ | 51,679 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | One-to-four-family residential | | | | | | | | | | | | | | | | | | | | | | | | | | | | Performing | | $ | 12,297 | | $ | 9,474 | | $ | 2,606 | | $ | 6,042 | | $ | 9,310 | | $ | 24,089 | | $ | — | | $ | — | | $ | 63,818 | Non-performing | | | — | | | — | | | — | | | 123 | | | — | | | 67 | | | — | | | — | | | 190 | Total one-to-four-family | | $ | 12,297 | | $ | 9,474 | | $ | 2,606 | | $ | 6,165 | | $ | 9,310 | | $ | 24,156 | | $ | — | | $ | — | | $ | 64,008 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Consumer | | | | | | | | | | | | | | | | | | | | | | | | | | | | Performing | | $ | — | | $ | 156 | | $ | 32 | | $ | 25 | | $ | 58 | | $ | — | | $ | 2,496 | | $ | — | | $ | 2,767 | Non-performing | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total consumer | | $ | — | | $ | 156 | | $ | 32 | | $ | 25 | | $ | 58 | | $ | — | | $ | 2,496 | | $ | — | | $ | 2,767 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total loans | | $ | 35,524 | | $ | 42,164 | | $ | 5,985 | | $ | 13,024 | | $ | 48,085 | | $ | 66,252 | | $ | 2,698 | | $ | — | | $ | 213,732 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The following table presents the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of watch, special mention, substandard and doubtful within the Company’s internal risk rating system as of June 30, 2025 based on fiscal year of origination: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving | | | | | | | | | | | | | | | | | | | | | | | | | | | Loans | | | | | | | | | | | | | | | | | | | | | | | | Revolving | | Converted to | | | | | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | Loans | | Term Loans | | Total | | | | (Dollars in thousands) | Commercial real estate | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 27,952 | | $ | 4,203 | | $ | 4,041 | | $ | 25,549 | | $ | 18,297 | | $ | 11,029 | | $ | 139 | | $ | — | | $ | 91,210 | Watch | | | — | | | — | | | 657 | | | — | | | — | | | — | | | — | | | — | | | 657 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Nonaccrual | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total commercial real estate | | $ | 27,952 | | $ | 4,203 | | $ | 4,698 | | $ | 25,549 | | $ | 18,297 | | $ | 11,029 | | $ | 139 | | $ | — | | $ | 91,867 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 415 | | $ | 64 | | $ | 513 | | $ | 1,125 | | $ | 1,483 | | $ | 264 | | $ | 12 | | $ | — | | $ | 3,876 | Watch | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Nonaccrual | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total commercial and industrial | | $ | 415 | | $ | 64 | | $ | 513 | | $ | 1,125 | | $ | 1,483 | | $ | 264 | | $ | 12 | | $ | — | | $ | 3,876 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Construction | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 733 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 733 | Watch | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Nonaccrual | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total construction | | $ | 733 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 733 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Multi-family real estate | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 5,444 | | $ | 1,617 | | $ | 7,696 | | $ | 16,275 | | $ | 13,043 | | $ | 3,193 | | $ | 46 | | $ | — | | $ | 47,314 | Watch | | | — | | | — | | | 494 | | | — | | | — | | | — | | | — | | | — | | | 494 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Nonaccrual | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total multi-family real estate | | $ | 5,444 | | $ | 1,617 | | $ | 8,190 | | $ | 16,275 | | $ | 13,043 | | $ | 3,193 | | $ | 46 | | $ | — | | $ | 47,808 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | One-to-four-family residential | | | | | | | | | | | | | | | | | | | | | | | | | | | | Performing | | $ | 9,565 | | $ | 3,196 | | $ | 6,667 | | $ | 10,699 | | $ | 9,886 | | $ | 16,250 | | $ | — | | $ | — | | $ | 56,263 | Non-performing | | | — | | | — | | | — | | | — | | | — | | | 67 | | | — | | | — | | | 67 | Total one-to-four-family | | $ | 9,565 | | $ | 3,196 | | $ | 6,667 | | $ | 10,699 | | $ | 9,886 | | $ | 16,317 | | $ | — | | $ | — | | $ | 56,330 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Consumer | | | | | | | | | | | | | | | | | | | | | | | | | | | | Performing | | $ | 179 | | $ | 38 | | $ | 31 | | $ | 85 | | $ | — | | $ | — | | $ | 1,624 | | $ | — | | $ | 1,957 | Non-performing | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total consumer | | $ | 179 | | $ | 38 | | $ | 31 | | $ | 85 | | $ | — | | $ | — | | $ | 1,624 | | $ | — | | $ | 1,957 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total loans | | $ | 44,288 | | $ | 9,118 | | $ | 20,099 | | $ | 53,733 | | $ | 42,709 | | $ | 30,803 | | $ | 1,821 | | $ | — | | $ | 202,571 |
The following tables summarize the aging of the past due and nonaccrual loans by loan class within the portfolio segments as of December 31, 2025 and June 30, 2025: | | | | | | | | | | | | | | | Still Accruing | | | | | | 30-59 Days | | 60-89 Days | | Over 90 Days | | Nonaccrual | | | Past Due | | Past Due | | Past Due | | Balance | December 31, 2025 | | | | | | | | | | | | | Commercial real estate | | $ | — | | $ | — | | $ | — | | $ | — | Commercial and industrial | | | — | | | — | | | — | | | — | Construction | | | — | | | — | | | — | | | — | One-to-four-family residential | | | 24,068 | | | — | | | — | | | 190,013 | Multi-family real estate | | | — | | | — | | | — | | | — | Consumer | | | — | | | — | | | — | | | — | Total | | $ | 24,068 | | $ | — | | $ | — | | $ | 190,013 | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | Still Accruing | | | | | | 30-59 Days | | 60-89 Days | | Over 90 Days | | Nonaccrual | | | Past Due | | Past Due | | Past Due | | Balance | June 30, 2025 | | | | | | | | | | | | | Commercial real estate | | $ | — | | $ | — | | $ | — | | $ | — | Commercial and industrial | | | — | | | — | | | — | | | — | Construction | | | — | | | — | | | — | | | — | One-to-four-family residential | | | 252,723 | | | — | | | — | | | 66,645 | Multi-family real estate | | | — | | | — | | | — | | | — | Consumer | | | — | | | — | | | — | | | — | Total | | $ | 252,723 | | $ | — | | $ | — | | $ | 66,645 | | | | | | | | | | | | | |
Individually Evaluated Loans Loans that do not share common risk characteristics with other loans are evaluated individually and are not included in the collective analysis in accordance with ASC 326. Information for loans evaluated individually is set forth below. The following table presents the amortized cost basis of loans on nonaccrual status and the amortized cost basis of loans on nonaccrual status for which there was no related allowance for credit losses as of December 31, 2025 and June 30, 2025 and interest income recorded on nonaccrual loans in each of the three and six month periods then ended. | | | | | | | | | | | | | | | | | December 31, 2025 | | | | | Nonaccrual loans | | Loans Past Due | | | | | | | | | | Without an Allowance | | Over 90 Days | | Interest Income | | | | For Credit Loss | | Still Accruing | | Three Months Ended | | Six Months Ended | Commercial real estate | | | $ | — | | $ | — | | $ | — | | $ | — | Commercial and industrial | | | | — | | | — | | | — | | | — | Construction | | | | — | | | — | | | — | | | — | One-to-four-family residential | | | | 190,013 | | | — | | | — | | | — | Multi-family real estate | | | | — | | | — | | | — | | | — | Consumer | | | | — | | | — | | | — | | | — | Total loans | | | $ | 190,013 | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | | | | | | | Nonaccrual loans | | Loans Past Due | | | | | | | | | | Without an Allowance | | Over 90 Days | Interest Income | | | | | | | For Credit Loss | | Still Accruing | | Year Ended | | | Commercial real estate | | | $ | — | | $ | — | | $ | — | | | | Commercial and industrial | | | | — | | | — | | | — | | | | Construction | | | | — | | | — | | | — | | | | One-to-four-family residential | | | | 66,645 | | | — | | | 2,492 | | | | Multi-family real estate | | | | — | | | — | | | — | | | | Consumer | | | | — | | | — | | | — | | | | Total loans | | | $ | 66,645 | | $ | — | | $ | 2,492 | | | | | | | | | | | | | | | | | |
The following table presents the amortized cost basis of collateral-dependent loans by loan class as of December 31, 2025 and June 30, 2025. | | | | | | | | | | | | | | | December 31, 2025 | | | Real Estate | | | Non-Real Estate | | | Total Collateral | | | Allowance for | | | Secured | | | Secured | | | Dependent | | | Credit Losses- | | | Loans | | | Loans | | | Loans | | | Loans | Commercial real estate | | $ | — | | $ | — | | $ | — | | $ | — | Commercial and industrial | | | — | | | — | | | — | | | — | Construction | | | — | | | — | | | — | | | — | One-to-four-family residential | | | 190,013 | | | — | | | 190,013 | | | — | Multi-family real estate | | | — | | | — | | | — | | | — | Consumer | | | — | | | — | | | — | | | — | Total | | $ | 190,013 | | $ | — | | $ | 190,013 | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | | | | | | | | | | | | | | | Real Estate | | | Non-Real Estate | | | Total Collateral | | | Allowance for | | | Secured | | | Secured | | | Dependent | | | Credit Losses- | | | Loans | | | Loans | | | Loans | | | Loans | Commercial real estate | | $ | — | | $ | — | | $ | — | | $ | — | Commercial and industrial | | | — | | | — | | | — | | | — | Construction | | | — | | | — | | | — | | | — | One-to-four-family residential | | | 66,645 | | | — | | | 66,645 | | | — | Multi-family real estate | | | — | | | — | | | — | | | — | Consumer | | | — | | | — | | | — | | | — | Total | | $ | 66,645 | | $ | — | | $ | 66,645 | | $ | — | | | | | | | | | | | | | |
There were no loans during the three and six months ended December 31, 2025 and 2024 that were modified to borrowers experiencing financial difficulty. The Company maintains a collateral pledge agreement with the FHLB covering secured advances whereby the Company has agreed to retain, free of all other pledges, liens, and encumbrances, commercial and industrial, commercial real estate, and one-to-four family residential real estate loans. The pledged loans are discounted at a factor of 24% to 38% when aggregating the amount of loans required by the pledge agreement. The amount of eligible collateral was $94,902,016 and $70,573,734 as of December 31, 2025 and June 30, 2025, respectively. There was also FHLB stock of $1,329,413 as of December 31, 2025 and June 30, 2025. The Company also has a collateral pledge agreement with the FRB securing multi-family real estate loans. These pledged loans have discounted margins applied ranging from 45% - 95% as required by the pledging agreement. The amount of eligible collateral was $16,469,725 and $17,487,584 as of December 31, 2025 and June 30, 2025, respectively.
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