v3.25.4
Loans
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
Loans Loans
The Company’s loans, net of unearned income, consisted of the following as of December 31 of the years indicated.
(dollars in thousands)20252024
Real estate loans:
One- to four-family first mortgage$493,446 $501,225 
Home equity loans and lines92,574 79,097 
Commercial real estate1,190,388 1,158,781 
Construction and land329,227 352,263 
Multi-family residential177,825 178,568 
Total real estate loans2,283,460 2,269,934 
Other loans:
Commercial and industrial430,517 418,627 
Consumer30,046 29,624 
Total other loans460,563 448,251 
Total loans$2,744,023 $2,718,185 
The net discount on the Company’s acquired loans was $1,183,000 and $2,469,000 at December 31, 2025 and 2024, respectively. In addition, loan balances as of December 31, 2025 and 2024 are reported net of unearned income of $4,929,000 and $5,122,000, respectively. Unearned income at December 31, 2025 and December 31, 2024 included $0 and $16,000 of deferred lender fees related to PPP loans, respectively. The total recorded investment in PPP loans was $144,000 and $2,617,000 at December 31, 2025 and 2024, respectively, which is included in commercial and industrial loans.
Accrued interest receivable on the Company's loans was $13,000,000 and $13,314,000 at December 31, 2025 and 2024, respectively, and is excluded from the estimate of the ACL. These amounts are recorded in accrued interest receivable and other assets on the Consolidated Statements of Financial Condition.
A summary of activity in the ACL for the years ended December 31, 2025, 2024 and 2023 follows.
For the Year Ended December 31, 2025
(dollars in thousands)Beginning BalanceCharge-offsRecoveries
Provision (Reversal)
Ending Balance
Allowance for credit losses:
One- to four-family first mortgage$4,430 $(14)$11 $635 $5,062 
Home equity loans and lines801 — 36 498 1,335 
Commercial real estate13,521 (21)— 1,003 14,503 
Construction and land5,484 (101)— (2,570)2,813 
Multi-family residential1,090 — — 409 1,499 
Commercial and industrial6,861 (865)355 787 7,138 
Consumer729 (362)53 372 792 
Total allowance for loan losses$32,916 $(1,363)$455 $1,134 $33,142 
Unfunded lending commitments2,700 — — (1,075)1,625 
Total allowance for credit losses$35,616 $(1,363)$455 $59 $34,767 
For the Year Ended December 31, 2024
(dollars in thousands)
Beginning BalanceCharge-offsRecoveriesProvision (Reversal)Ending Balance
Allowance for credit losses:
One- to four-family first mortgage$3,255 $— $4 $1,171 $4,430 
Home equity loans and lines688 (22)36 99 801 
Commercial real estate14,805 — — (1,284)13,521 
Construction and land5,415 (123)— 192 5,484 
Multi-family residential474 — 12 604 1,090 
Commercial and industrial6,166 (875)163 1,407 6,861 
Consumer734 (265)34 226 729 
Total allowance for loan losses$31,537 $(1,285)$249 $2,415 $32,916 
Unfunded lending commitments2,594 — — 106 2,700 
Total allowance for credit losses$34,131 $(1,285)$249 $2,521 $35,616 

For the Year Ended December 31, 2023
(dollars in thousands)Beginning BalanceCharge-offsRecoveriesProvision (Reversal)Ending Balance
Allowance for credit losses:
One- to four-family first mortgage$2,883 $(12)$43 $341 $3,255 
Home equity loans and lines624 — 6 58 688 
Commercial real estate13,814 (29)100 920 14,805 
Construction and land4,680 — — 735 5,415 
Multi-family residential572 — — (98)474 
Commercial and industrial6,024 (255)180 217 6,166 
Consumer702 (175)39 168 734 
Total allowance for loan losses$29,299 $(471)$368 $2,341 $31,537 
Unfunded lending commitments2,093 — — 501 2,594 
Total allowance for credit losses$31,392 $(471)$368 $2,842 $34,131 

The ACL, which includes the ALL and the ACL on unfunded lending commitments, and recorded investment in loans as of the dates indicated are as follows.
As of December 31, 2025
(dollars in thousands)Collectively EvaluatedIndividually EvaluatedTotal
Allowance for credit losses:
One- to four-family first mortgage$4,651 $411 $5,062 
Home equity loans and lines1,335 — 1,335 
Commercial real estate14,141 362 14,503 
Construction and land2,813 — 2,813 
Multi-family residential1,363 136 1,499 
Commercial and industrial6,782 356 7,138 
Consumer792 — 792 
Total allowance for loan losses$31,877 $1,265 $33,142 
Unfunded lending commitments(1)
$1,625 $— $1,625 
Total allowance for credit losses$33,502 $1,265 $34,767 

As of December 31, 2025
(dollars in thousands)Collectively Evaluated
Individually Evaluated(2)
Total
Loans:
One- to four-family first mortgage$491,142 $2,304 $493,446 
Home equity loans and lines92,574 — 92,574 
Commercial real estate1,188,226 2,162 1,190,388 
Construction and land328,707 520 329,227 
Multi-family residential177,222 603 177,825 
Commercial and industrial429,900 617 430,517 
Consumer30,046 — 30,046 
Total loans$2,737,817 $6,206 $2,744,023 

As of December 31, 2024
(dollars in thousands)Collectively EvaluatedIndividually EvaluatedTotal
Allowance for credit losses:
One- to four-family first mortgage$4,430 $— $4,430 
Home equity loans and lines801 — 801 
Commercial real estate13,321 200 13,521 
Construction and land5,484 — 5,484 
Multi-family residential1,090 — 1,090 
Commercial and industrial6,613 248 6,861 
Consumer729 — 729 
Total allowance for loan losses$32,468 $448 $32,916 
Unfunded lending commitments(1)
$2,700 $— $2,700 
Total allowance for credit losses$35,168 $448 $35,616 
As of December 31, 2024
(dollars in thousands)Collectively Evaluated
Individually Evaluated(2)
Total
Loans:
One- to four-family first mortgage$501,225 $— $501,225 
Home equity loans and lines79,097 — 79,097 
Commercial real estate1,154,063 4,718 1,158,781 
Construction and land352,263 — 352,263 
Multi-family residential178,568 — 178,568 
Commercial and industrial418,373 254 418,627 
Consumer29,624 — 29,624 
Total loans$2,713,213 $4,972 $2,718,185 
(1)At December 31, 2025 and December 31, 2024, $1.6 million and $2.7 million of the ACL related to noncancellable unfunded lending commitments of $509.3 million and $516.8 million, respectively. The ACL on unfunded lending commitments is recorded within accrued interest payable and other liabilities on the Consolidated Statements of Financial Condition. Adjustments to the ACL on unfunded lending commitments are reported as a component of noninterest expense on the Consolidated Statements of Income.
(2)PCD loans individually evaluated totaled $1.2 million and $1.3 million at December 31, 2025 and December 31, 2024, respectively.
Although the Company has a diversified loan portfolio, a substantial portion of the loan portfolio is collateralized by improved and unimproved real estate and is dependent, in part, on values in the real estate market.
The following table presents the Company’s loan portfolio by credit quality classification and origination year as of December 31, 2025.
Term Loans by Origination Year
(dollars in thousands)20252024202320222021PriorRevolving LoansRevolving Loans Converted to Term LoansTotal
One- to four-family first mortgage:
Pass$65,510 $61,353 $85,573 $90,946 $68,713 $87,020 $26,173 $1,165 $486,453 
Special Mention— — — — — — — — — 
Substandard20 245 1,534 2,625 409 1,999 — 161 6,993 
Doubtful— — — — — — — — — 
Total one- to four-family first mortgages$65,530 $61,598 $87,107 $93,571 $69,122 $89,019 $26,173 $1,326 $493,446 
Current period gross charge-offs
$— $— $— $— $— $14 $— $— $14 
Home equity loans and lines:
Pass$1,652 $1,526 $1,257 $1,937 $1,395 $3,756 $76,230 $3,479 $91,232 
Special Mention— — 145 483 183 — — — 811 
Substandard— — — 59 — 343 29 100 531 
Doubtful— — — — — — — — — 
Total home equity loans and lines$1,652 $1,526 $1,402 $2,479 $1,578 $4,099 $76,259 $3,579 $92,574 
Current period gross charge-offs
$— $— $— $— $— $— $— $— $— 
Commercial real estate:
Pass$184,225 $178,055 $141,348 $259,605 $175,380 $191,197 $19,545 $5,742 $1,155,097 
Special Mention— — — 1,043 796 1,108 — — 2,947 
Substandard398 146 363 7,559 8,414 14,704 760 — 32,344 
Doubtful— — — — — — — — — 
Total commercial real estate loans$184,623 $178,201 $141,711 $268,207 $184,590 $207,009 $20,305 $5,742 $1,190,388 
Current period gross charge-offs
$— $— $— $— $— $21 $— $— $21 
Construction and land:
Pass$118,753 $83,534 $81,356 $10,442 $2,741 $5,219 $10,765 $184 $312,994 
Special Mention— — 727 139 — — — — 866 
Substandard— 2,626 10,626 2,115 — — — — 15,367 
Term Loans by Origination Year
(dollars in thousands)20252024202320222021PriorRevolving LoansRevolving Loans Converted to Term LoansTotal
Doubtful— — — — — — — — — 
Total construction and land loans$118,753 $86,160 $92,709 $12,696 $2,741 $5,219 $10,765 $184 $329,227 
Current period gross charge-offs
$— $100 $— $— $1 $— $— $— $101 
Multi-family residential:
Pass$26,530 $38,459 $19,871 $47,438 $21,613 $21,085 $1,231 $— $176,227 
Special Mention— — — — — — — — — 
Substandard308 — — 317 — 602 371 — 1,598 
Doubtful— — — — — — — — — 
Total multi-family residential loans$26,838 $38,459 $19,871 $47,755 $21,613 $21,687 $1,602 $— $177,825 
Current period gross charge-offs
$— $— $— $— $— $— $— $— $— 
Commercial and industrial:
Pass$59,909 $63,421 $45,067 $42,544 $9,457 $6,239 $198,975 $653 $426,265 
Special Mention— — — — — — — — — 
Substandard1,565 92 204 316 347 18 1,567 143 4,252 
Doubtful— — — — — — — — — 
Total commercial and industrial loans$61,474 $63,513 $45,271 $42,860 $9,804 $6,257 $200,542 $796 $430,517 
Current period gross charge-offs
$— $18 $247 $19 $— $115 $466 $— $865 
Consumer:
Pass$7,087 $2,423 $1,366 $1,164 $207 $7,703 $9,964 $86 $30,000 
Special Mention— — — — — — — — — 
Substandard5 — — 13 — 28 — — 46 
Doubtful— — — — — — — — — 
Total consumer loans$7,092 $2,423 $1,366 $1,177 $207 $7,731 $9,964 $86 $30,046 
Current period gross charge-offs
$— $30 $8 $— $141 $2 $181 $— $362 
Total loans:
Pass$463,666 $428,771 $375,838 $454,076 $279,506 $322,219 $342,883 $11,309 $2,678,268 
Special Mention— — 872 1,665 979 1,108 — — 4,624 
Substandard2,296 3,109 12,727 13,004 9,170 17,694 2,727 404 61,131 
Doubtful— — — — — — — — — 
Total loans$465,962 $431,880 $389,437 $468,745 $289,655 $341,021 $345,610 $11,713 $2,744,023 
Current period gross charge-offs
$— $148 $255 $19 $142 $152 $647 $— $1,363 
The following table presents the Company’s loan portfolio by credit quality classification and origination year as of December 31, 2024.
Term Loans by Origination Year
(dollars in thousands)20242023202220212020PriorRevolving LoansRevolving Loans Converted to Term LoansTotal
One- to four-family first mortgage:
Pass$71,582 $95,261 $108,853 $76,116 $31,482 $88,472 $20,042 $1,560 $493,368 
Special Mention— 146 491 186 — — — — 823 
Substandard56 1,040 2,316 575 340 2,707 — — 7,034 
Doubtful— — — — — — — — — 
Total one- to four-family first mortgages$71,638 $96,447 $111,660 $76,877 $31,822 $91,179 $20,042 $1,560 $501,225 
Current period gross charge-offs$— $— $— $— $— $— $— $— $— 
Home equity loans and lines:
Pass$1,833 $1,249 $2,359 $1,409 $627 $3,535 $65,597 $2,209 $78,818 
Special Mention— — — — — — — — — 
Substandard— — 65 — — 185 29 — 279 
Doubtful— — — — — — — — — 
Term Loans by Origination Year
(dollars in thousands)20242023202220212020PriorRevolving LoansRevolving Loans Converted to Term LoansTotal
Total home equity loans and lines$1,833 $1,249 $2,424 $1,409 $627 $3,720 $65,626 $2,209 $79,097 
Current period gross charge-offs$— $— $— $— $— $— $22 $— $22 
Commercial real estate:
Pass$151,397 $130,833 $298,344 $217,602 $153,122 $162,925 $25,820 $197 $1,140,240 
Special Mention— — — — — — — — — 
Substandard— — 1,754 1,405 2,788 12,594 — — 18,541 
Doubtful— — — — — — — — — 
Total commercial real estate loans$151,397 $130,833 $300,098 $219,007 $155,910 $175,519 $25,820 $197 $1,158,781 
Current period gross charge-offs$— $— $— $— $— $— $— $— $— 
Construction and land:
Pass$141,926 $131,483 $51,789 $4,529 $6,656 $2,925 $7,731 $— $347,039 
Special Mention— — — — — — — — — 
Substandard30 135 1,201 253 3 — — 3,602 5,224 
Doubtful— — — — — — — — — 
Total construction and land loans$141,956 $131,618 $52,990 $4,782 $6,659 $2,925 $7,731 $3,602 $352,263 
Current period gross charge-offs$— $— $123 $— $— $— $— $— $123 
Multi-family residential:
Pass$38,559 $25,331 $48,047 $22,401 $14,523 $27,549 $1,228 $— $177,638 
Special Mention— — — — — — — — — 
Substandard— — — — — — 930 — 930 
Doubtful— — — — — — — — — 
Total multi-family residential loans$38,559 $25,331 $48,047 $22,401 $14,523 $27,549 $2,158 $— $178,568 
Current period gross charge-offs$— $— $— $— $— $— $— $— $— 
Commercial and industrial:
Pass$75,576 $59,626 $60,175 $17,993 $6,547 $4,482 $188,676 $1,797 $414,872 
Special Mention— — — — — — — — — 
Substandard1,344 284 368 345 46 19 49 1,300 3,755 
Doubtful— — — — — — — — — 
Total commercial and industrial loans$76,920 $59,910 $60,543 $18,338 $6,593 $4,501 $188,725 $3,097 $418,627 
Current period gross charge-offs$— $17 $317 $53 $— $17 $471 $— $875 
Consumer:
Pass$5,815 $2,952 $1,842 $371 $585 $9,056 $8,850 $126 $29,597 
Special Mention— — — — — — — — — 
Substandard— 6 4 4 — 11 — 2 27 
Doubtful— — — — — — — — — 
Total consumer loans$5,815 $2,958 $1,846 $375 $585 $9,067 $8,850 $128 $29,624 
Current period gross charge-offs$7 $39 $24 $— $10 $8 $177 $— $265 
Total loans:
Pass$486,688 $446,735 $571,409 $340,421 $213,542 $298,944 $317,944 $5,889 $2,681,572 
Special Mention— 146 491 186 — — — — 823 
Substandard1,430 1,465 5,708 2,582 3,177 15,516 1,008 4,904 35,790 
Doubtful— — — — — — — — — 
Total loans$488,118 $448,346 $577,608 $343,189 $216,719 $314,460 $318,952 $10,793 $2,718,185 
Current period gross charge-offs$7 $56 $464 $53 $10 $25 $670 $— $1,285 
Age analysis of past due loans, as of the dates indicated, is as follows.
December 31, 2025
(dollars in thousands)30-59 Days Past Due60-89 Days Past DueGreater Than 90 Days Past DueTotal Past DueCurrent LoansTotal Loans
Real estate loans:
One- to four-family first mortgage$3,562 $1,508 $4,874 $9,944 $483,502 $493,446 
Home equity loans and lines90 69 354 513 92,061 92,574 
Commercial real estate2,771 1,459 2,662 6,892 1,183,496 1,190,388 
Construction and land1,322 134 11,980 13,436 315,791 329,227 
Multi-family residential57 — 1,281 1,338 176,487 177,825 
Total real estate loans7,802 3,170 21,151 32,123 2,251,337 2,283,460 
Other loans:
Commercial and industrial156 177 1,089 1,422 429,095 430,517 
Consumer414 67 10 491 29,555 30,046 
Total other loans570 244 1,099 1,913 458,650 460,563 
Total loans$8,372 $3,414 $22,250 $34,036 $2,709,987 $2,744,023 

December 31, 2024
(dollars in thousands)30-59 Days Past Due60-89 Days Past DueGreater Than 90 Days Past DueTotal Past DueCurrent LoansTotal Loans
Real estate loans:
One- to four-family first mortgage$4,208 $382 $5,850 $10,440 $490,785 $501,225 
Home equity loans and lines224 — 129 353 78,744 79,097 
Commercial real estate1,454 — 1,960 3,414 1,155,367 1,158,781 
Construction and land767 240 1,399 2,406 349,857 352,263 
Multi-family residential330 — — 330 178,238 178,568 
Total real estate loans6,983 622 9,338 16,943 2,252,991 2,269,934 
Other loans:
Commercial and industrial491 2,110 649 3,250 415,377 418,627 
Consumer353 42 13 408 29,216 29,624 
Total other loans844 2,152 662 3,658 444,593 448,251 
Total loans$7,827 $2,774 $10,000 $20,601 $2,697,584 $2,718,185 
Loans greater than 90 days past due and accruing interest were $65,000 and $16,000 at December 31, 2025 and December 31, 2024, respectively.
The Company reviews its significant nonaccrual loans (i.e., credit relationships with balances of $500,000 or greater) for specific impairment in accordance with its allowance for credit loss methodology. If it is determined that it is probable that all amounts due will not be collected when other credit quality indicators are considered, the loan is considered impaired and the Company individually evaluates those loans to determine the expected credit losses. The following table summarizes information pertaining to nonaccrual loans as of dates indicated.
December 31, 2025December 31, 2024
(dollars in thousands)TotalWithout Related AllowanceTotalWithout Related Allowance
Nonaccrual loans(1):
       One- to four-family first mortgage
$6,531 $— $7,039 $— 
Home equity loans and lines531 — 279 — 
Commercial real estate9,011 — 3,304 — 
Construction and land15,367 — 1,622 — 
Multi-family residential1,281 — — — 
Commercial and industrial1,344 — 1,311 — 
Consumer46 — 27 — 
Total$34,111 $— $13,582 $— 
(1)Nonaccrual acquired loans include PCD loans of $1,153,000 and $1,256,000 at December 31, 2025 and December 31, 2024, respectively.
All interest accrued but not received for loans placed on nonaccrual status is reversed against interest income. All payments received while on nonaccrual status are applied against the principal balance of nonaccrual loans. The Company does not recognize interest income while loans are on nonaccrual status. The following table represents the accrued interest receivables written off by reversing interest income during the years ended December 31, 2025 and 2024.
For the Year Ended
For the Year Ended
(dollars in thousands)December 31, 2025December 31, 2024
One- to four-family first mortgage
$78 $132 
Home equity loans and lines9 4 
Commercial real estate106 14 
Construction and land452 44 
Multi-family residential46 — 
Commercial and industrial36 83 
Consumer3 5 
Total$730 $282 
As of December 31, 2025, the Company was not committed to lend additional funds to any customer whose loan was individually evaluated for impairment.
Collateral Dependent Loans
The Company held loans that were individually evaluated for credit losses at December 31, 2025 and 2024 for which the repayments, on the basis of our assessment at the reporting date, were expected to be provided substantially through the operation or sale of the collateral and the borrower was experiencing financial difficulty. The ACL for these collateral-dependent loans is primarily based on the fair value of the underlying collateral at the reporting date. The following describes the types of collateral that secure collateral dependent loans:
•One- to four-family first mortgages are primarily secured by first liens on residential real estate.
•Home equity loans and lines are primarily secured by first and junior liens on residential real estate.
•Commercial real estate loans are primarily secured by office and industrial buildings, warehouses, retail shopping facilities and various special purpose properties, including hotels and restaurants.
•Construction and land loans are primarily secured by residential and commercial properties, which are under construction and/or redevelopment, and by raw land.
•Commercial and industrial loans considered collateral dependent are primarily secured by accounts receivable, inventory and equipment.
The table below summarizes collateral dependent loans and the related ACL as of the periods indicated for which the borrower was experiencing financial difficulty.
December 31, 2025December 31, 2024
(dollars in thousands)LoansACLLoansACL
       One- to four-family first mortgage
$2,304 $411 $— $— 
Home equity loans and lines— — — — 
Commercial real estate2,162 362 4,718 200 
Construction and land520 — — — 
Multi-family residential603 136 — — 
Commercial and industrial617 356 254 248 
Consumer— — — — 
Total$6,206 $1,265 $4,972 $448 
Foreclosed Assets and ORE
Foreclosed assets and ORE include real property and other assets that have been acquired as a result of foreclosure, and real property no longer used in the Bank's business. Foreclosed assets and ORE totaled $1,929,000 and $2,010,000 at December 31, 2025 and December 31, 2024, respectively. These amounts are recorded in accrued interest receivable and other assets on the Consolidated Statements of Financial Condition.
The carrying amount of foreclosed residential real estate properties held at December 31, 2025 and December 31, 2024 totaled $1,786,000 and $2,010,000, respectively. Loans secured by one- to four-family residential real estate that were in the process of foreclosure at December 31, 2025 and December 31, 2024 totaled $3,425,000 and $4,472,000, respectively.
Loan Modifications Made to Borrowers Experiencing Financial Difficulty
Occasionally, the Company modifies loans to borrowers in financial distress by providing certain concessions, such as principal forgiveness, term extension, an other-than-insignificant payment delay, interest only for a specified period of time, an interest rate reduction, or a combination of such concessions. When principal forgiveness is provided, the amount of forgiveness is charged-off against the allowance for credit losses. Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or portion of the loan) is charged-off. The balance of loan modifications, segregated by type of modification, to borrowers experiencing financial difficulty are set forth in the table below.
Year Ended December 31, 2025
(dollars in thousands)
Payment Deferral
Principal Forgiveness
Term Extension
Interest Rate Reduction
Combination Term Extension and Principal Forgiveness
Combination Term Extension and Interest Rate Reduction
Percent of Total Class of Loans
One-to four-family first mortgage$212 $— $20 $— $— $— — %
Home equity loans and lines— — 810 — — — 0.9 
Commercial real estate14,436 — 4,926 — — 4,540 2.0 
Construction and land2,948 — 1,517 — — — 1.4 
Multi-family residential371 — — — — — 0.2 
Commercial and industrial— — 1,404 — — 1,007 0.6 
Consumer— — — — — — — 
Total$17,967 $— $8,677 $— $— $5,547 1.2 %
Year Ended December 31, 2024
(dollars in thousands)
Payment Deferral
Principal Forgiveness
Term Extension
Interest Rate Reduction
Combination Term Extension and Principal Forgiveness
Combination Term Extension and Interest Rate Reduction
Percent of Total Class of Loans
One-to four-family first mortgage$— $— $801 $— $— $— 0.2 %
Home equity loans and lines— — — — — — — 
Commercial real estate— — 2,465 — — — 0.2 
Construction and land— — 207 — — — 0.1 
Multi-family residential— — — — — — — 
Commercial and industrial— — 1,106 — — — 0.3 
Consumer— — — — — — — 
Total$— $— $4,579 $— $— $— 0.2 %

During the year ended December 31, 2025, one one-to four-family first mortgage loan with a balance of $20,000, one construction and land loan with a balance of $2,948,000, and one multifamily loan with a balance of $371,000 experienced a default subsequent to being granted a payment deferral or term extension. During the year ended December 31, 2024, one commercial real estate loan with a balance of $965,000 experienced a default subsequent to being granted a payment deferral or term extension. Default is defined as movement to past due 90 days, foreclosure or charge-off, whichever occurs first.

The following table details the financial impacts of loan modifications made to borrowers experiencing financial difficulty for the periods presented.
Year Ended December 31, 2025
Year Ended December 31, 2024
Payment Deferral (dollars in thousands)
Weighted-Average Term Extension (in months)
Weighted-Average Interest Rate Reduction
Payment Deferral (dollars in thousands)Weighted-Average Term Extension (in months)
Weighted-Average Interest Rate Reduction
One-to four-family first mortgage$4 60— %$— 56— %
Home equity loans and lines— 24— %— 0— %
Commercial real estate179 392.0 %— 8— %
Construction and land165 7— %— 3— %
Multi-family residential165 0— %— 0— %
Commercial and industrial— 121.5 %— 3— %
Consumer— 0— %— 0— %
The table below provides an aging analysis of loans as of December 31, 2025 granted a modification to borrowers experiencing financial difficulty that were modified in the last 12 months.
(dollars in thousands)30-89 Days Past Due
90+ Days Past Due and Accruing
Nonaccrual
CurrentTotal
December 31, 2025
One-to four-family first mortgage$— $— $20 $212 $232 
Home equity loans and lines— — — 810 810 
Commercial real estate— — 3,544 20,358 23,902 
Construction and land— — 3,737 728 4,465 
Multi-family residential— — 371 — 371 
Commercial and industrial— — — 2,411 2,411 
Consumer— — — — — 
Total$— $— $7,672 $24,519 $32,191 
The loan modifications reported in the table above did not significantly impact the Company's allowance for loan losses during 2025.