Loans receivable, net consists of the following:


		December 31,				December 31,
		2025				2024
		(Dollars in thousands)
Real Estate Loans:
Residential, one- to four-family (1)	$		150,095		$		161,331
Home Equity			46,970				47,456
Commercial (2)			327,352				320,984
Total real estate loans			524,417				529,771
Other Loans:
Commercial			17,430				15,728
Consumer(3)			15,466				991
Total gross loans			557,313				546,490
Net deferred loan costs			3,012				3,263
Allowance for credit losses on loans			(4,884	)			(5,133	)
Loans receivable, net	$		555,441		$		544,620

(1)

There were no one- to four-family construction loans as of December 31, 2025 or 2024.

(2)

Includes commercial construction loans of $18.8 million and $18.9 million as of December 31, 2025 and 2024, respectively.

(3)

Includes overdraft protection of $24,000 and $39,000 as of December 31, 2025 and 2024, respectively.

Residential real estate loans serviced for others by the Company totaled $32.8 million and $35.8 million at December 31, 2025 and 2024, respectively.

Real estate loans of approximately $116.8 million and $39.4 million in unpaid principal balance were pledged as collateral for FHLBNY advances as of December 31, 2025 and 2024, respectively.

At December 31, 2025 and 2024, loans to related parties including officers and directors and their affiliates were immaterial as a percentage of our loan portfolio.