Loans Receivable and Allowance for Credit Losses (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Loans Receivable and Allowance for Credit Losses |
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| Schedule of loans receivable |
| | | | | | | (in thousands) | | 2025 | | 2024 | Real Estate Loans | | | | | | | One-to-Four Family Mortgages | | $ | 325,774 | | $ | 332,659 | Home Equity Lines of Credit | | | 10,091 | | | 7,952 | Construction and Land | | | 12,538 | | | 9,588 | Commercial Real Estate | | | 10,547 | | | 594 | Total | | | 358,950 | | | 350,793 | | | | | | | | Other Loans | | | | | | | Commercial and Industrial | | | 14,227 | | | 13,761 | Consumer | | | 4,189 | | | 3,699 | | | | | | | | Total Loans Receivable | | | 377,366 | | | 368,253 | | | | | | | | Allowance for Credit Losses | | | (1,699) | | | (1,699) | Net Deferred Loan Costs | | | 724 | | | 779 | | | | | | | | Total Loans Receivable, Net | | $ | 376,391 | | $ | 367,333 |
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| Schedule of analysis of past-due loans |
| | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | Loans 90 Days or | | | | | | | | | | | | 30-59 Days | | 60-89 Days | | More Past Due and | | Nonaccrual | | Current | | Total Loans | (in thousands) | | Past Due | | Past Due | | Still Accruing | | Loans | | Loans | | Receivable | Real Estate Loans | | | | | | | | | | | | | | | | | | | One-to-Four Family Mortgages | | $ | 2,933 | | $ | 1,194 | | $ | — | | $ | 544 | | $ | 321,103 | | $ | 325,774 | Home Equity Lines of Credit | | | 72 | | | — | | | — | | | — | | | 10,019 | | | 10,091 | Construction and Land | | | 130 | | | — | | | — | | | — | | | 12,408 | | | 12,538 | Commercial Real Estate | | | — | | | — | | | — | | | — | | | 10,547 | | | 10,547 | Total | | | 3,135 | | | 1,194 | | | — | | | 544 | | | 354,077 | | | 358,950 | | | | | | | | | | | | | | | | | | | | Commercial and Industrial | | | — | | | — | | | — | | | — | | | 14,227 | | | 14,227 | Consumer | | | — | | | — | | | — | | | — | | | 4,189 | | | 4,189 | | | | | | | | | | | | | | | | | | | | Total Loans Receivable | | $ | 3,135 | | $ | 1,194 | | $ | — | | $ | 544 | | $ | 372,493 | | $ | 377,366 |
| | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | | | | | | | Loans 90 Days or | | | | | | | | | | | | 30-59 Days | | 60-89 Days | | More Past Due and | | Nonaccrual | | Current | | Total Loans | (in thousands) | | Past Due | | Past Due | | Still Accruing | | Loans | | Loans | | Receivable | Real Estate Loans | | | | | | | | | | | | | | | | | | | One-to-Four Family Mortgages | | $ | 2,925 | | $ | 1,011 | | $ | — | | $ | 956 | | $ | 327,767 | | $ | 332,659 | Home Equity Lines of Credit | | | — | | | — | | | — | | | — | | | 7,952 | | | 7,952 | Construction and Land | | | 332 | | | — | | | — | | | 119 | | | 9,137 | | | 9,588 | Commercial Real Estate | | | — | | | — | | | — | | | — | | | 594 | | | 594 | Total | | | 3,257 | | | 1,011 | | | — | | | 1,075 | | | 345,450 | | | 350,793 | | | | | | | | | | | | | | | | | | | | Commercial and Industrial | | | — | | | — | | | — | | | — | | | 13,761 | | | 13,761 | Consumer | | | 91 | | | — | | | — | | | — | | | 3,608 | | | 3,699 | | | | | | | | | | | | | | | | | | | | Total Loans Receivable | | $ | 3,348 | | $ | 1,011 | | $ | — | | $ | 1,075 | | $ | 362,819 | | $ | 368,253 |
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| Schedule of recorded investment in loans by credit quality indicator by year of origination |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans by Year of Origination | | | | | | | (in thousands | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | Revolving | | Total | One-to-Four Family Mortgages | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 4,364 | | $ | 19,886 | | $ | 22,644 | | $ | 38,297 | | $ | 51,438 | | $ | 185,963 | | $ | — | | $ | 322,592 | Special Mention | | | — | | | — | | | — | | | 393 | | | 467 | | | 1,071 | | | — | | | 1,931 | Substandard | | | — | | | — | | | — | | | — | | | 742 | | | 509 | | | — | | | 1,251 | Total One-to-Four Family Mortgages | | $ | 4,364 | | $ | 19,886 | | $ | 22,644 | | $ | 38,690 | | $ | 52,647 | | $ | 187,543 | | $ | — | | $ | 325,774 | | | | | | | | | | | | | | | | | | | | | | | | | | Current Period Gross Write-Offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Home Equity Lines of Credit | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 437 | | $ | 603 | | $ | 65 | | $ | 11 | | $ | — | | $ | 494 | | $ | 8,406 | | $ | 10,016 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | 75 | | | 75 | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Home Equity Lines of Credit | | $ | 437 | | $ | 603 | | $ | 65 | | $ | 11 | | $ | — | | $ | 494 | | $ | 8,481 | | $ | 10,091 | | | | | | | | | | | | | | | | | | | | | | | | | | Current Period Gross Write-Offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Construction and Land | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 11,372 | | $ | 412 | | $ | 131 | | $ | 56 | | $ | 357 | | $ | 210 | | $ | — | | $ | 12,538 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Construction and Land | | $ | 11,372 | | $ | 412 | | $ | 131 | | $ | 56 | | $ | 357 | | $ | 210 | | $ | — | | $ | 12,538 | | | | | | | | | | | | | | | | | | | | | | | | | | Current Period Gross Write-Offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial Real Estate | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 8,110 | | $ | 1,884 | | $ | — | | $ | 467 | | $ | — | | $ | 86 | | $ | — | | $ | 10,547 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Commercial Real Estate | | $ | 8,110 | | $ | 1,884 | | $ | — | | $ | 467 | | $ | — | | $ | 86 | | $ | — | | $ | 10,547 | | | | | | | | | | | | | | | | | | | | | | | | | | Current Period Gross Write-Offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and Industrial | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 4,025 | | $ | 4,370 | | $ | 3,615 | | $ | 2,217 | | $ | — | | $ | — | | $ | — | | $ | 14,227 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Commercial and Industrial | | $ | 4,025 | | $ | 4,370 | | $ | 3,615 | | $ | 2,217 | | $ | — | | $ | — | | $ | — | | $ | 14,227 | | | | | | | | | | | | | | | | | | | | | | | | | | Current Period Gross Write-Offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Consumer | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 1,330 | | $ | 2,388 | | $ | 166 | | $ | 25 | | $ | 31 | | $ | 249 | | $ | — | | $ | 4,189 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Consumer | | $ | 1,330 | | $ | 2,388 | | $ | 166 | | $ | 25 | | $ | 31 | | $ | 249 | | $ | — | | $ | 4,189 | | | | | | | | | | | | | | | | | | | | | | | | | | Current Period Gross Write-Offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans by Year of Origination | | | | | | | (in thousands) | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior | | Revolving | | Total | One-to-Four Family Mortgages | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 10,209 | | $ | 22,131 | | $ | 39,963 | | $ | 55,912 | | $ | 46,651 | | $ | 152,989 | | $ | — | | $ | 327,855 | Special Mention | | | — | | | — | | | 778 | | | 836 | | | 357 | | | 1,877 | | | — | | | 3,848 | Substandard | | | — | | | — | | | — | | | 406 | | | — | | | 550 | | | — | | | 956 | Total One-to-Four Family Mortgages | | $ | 10,209 | | $ | 22,131 | | $ | 40,741 | | $ | 57,154 | | $ | 47,008 | | $ | 155,416 | | $ | — | | $ | 332,659 | | | | | | | | | | | | | | | | | | | | | | | | | | Current Period Gross Write-Offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Home Equity Lines of Credit | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 378 | | $ | 66 | | $ | 82 | | $ | — | | $ | — | | $ | 531 | | $ | 6,819 | | $ | 7,876 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | 76 | | | 76 | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Home Equity Lines of Credit | | $ | 378 | | $ | 66 | | $ | 82 | | $ | — | | $ | — | | $ | 531 | | $ | 6,895 | | $ | 7,952 | | | | | | | | | | | | | | | | | | | | | | | | | | Current Period Gross Write-Offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 3 | | $ | 3 | | | | | | | | | | | | | | | | | | | | | | | | | | Construction and Land | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 7,385 | | $ | 1,360 | | $ | 62 | | $ | 400 | | $ | 113 | | $ | 149 | | $ | — | | $ | 9,469 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | 119 | | | — | | | — | | | — | | | — | | | 119 | Total Construction and Land | | $ | 7,385 | | $ | 1,360 | | $ | 181 | | $ | 400 | | $ | 113 | | $ | 149 | | $ | — | | $ | 9,588 | | | | | | | | | | | | | | | | | | | | | | | | | | Current Period Gross Write-Offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial Real Estate | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | — | | $ | — | | $ | 495 | | $ | — | | $ | — | | $ | 99 | | $ | — | | $ | 594 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Commercial Real Estate | | $ | — | | $ | — | | $ | 495 | | $ | — | | $ | — | | $ | 99 | | $ | — | | $ | 594 | | | | | | | | | | | | | | | | | | | | | | | | | | Current Period Gross Write-Offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and Industrial | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 5,119 | | $ | 6,004 | | $ | 2,638 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 13,761 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Commercial and Industrial | | $ | 5,119 | | $ | 6,004 | | $ | 2,638 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 13,761 | | | | | | | | | | | | | | | | | | | | | | | | | | Current Period Gross Write-Offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Consumer | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 3,002 | | $ | 236 | | $ | 55 | | $ | 35 | | $ | 71 | | $ | 300 | | $ | — | | $ | 3,699 | Special Mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Consumer | | $ | 3,002 | | $ | 236 | | $ | 55 | | $ | 35 | | $ | 71 | | $ | 300 | | $ | — | | $ | 3,699 | | | | | | | | | | | | | | | | | | | | | | | | | | Current Period Gross Write-Offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — |
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| Schedule of nonaccrual loans by major categories |
| | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | December 31, 2024 | | | | Nonaccrual | | Nonaccrual | | | | Nonaccrual | | Nonaccrual | | Total | | | | Loans | | Loans | | | | | Loans | | Loans | | | | | | | with | | with | | Total | | with | | with | | | | | | | No | | an | | Nonaccrual | | No | | an | | Nonaccrual | | (in thousands) | | Allowance | | Allowance | | Loans | | Allowance | | Allowance | | Loans | | One-to-Four Family Mortgages | | $ | 544 | | $ | — | | $ | 544 | | $ | 956 | | $ | — | | $ | 956 | | Home Equity Lines of Credit | | | — | | | — | | | — | | | — | | | — | | | — | | Construction and Land | | | — | | | — | | | — | | | 119 | | | — | | | 119 | | Commercial Real Estate | | | | | | | | | | | | | | | | | | | | Commercial and Industrial | | | — | | | — | | | — | | | — | | | — | | | — | | Consumer | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | Total | | $ | 544 | | $ | — | | $ | 544 | | $ | 1,075 | | $ | — | | $ | 1,075 | |
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| Schedule of accrued interest receivables written off by reversing interest income |
| | | | | | | | | | For the Year Ended December 31, | | (in thousands) | | 2025 | | 2024 | | One-to-Four Family Mortgages | | $ | 9 | | $ | 15 | | Home Equity Lines of Credit | | | — | | | — | | Construction and Land | | | — | | | 7 | | Commercial Real Estate | | | — | | | — | | Commercial and Industrial | | | — | | | — | | Consumer | | | — | | | — | | | | | | | | | | Total | | $ | 9 | | $ | 22 | |
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| Schedule of analysis of collateral-dependent loans |
| | | | | | | | | | | | | | | | | | December 31, 2025 | | | Residential | | | | | Business | | | | | | | (in thousands) | | Properties | | Land | | Assets | | Other | | Total | One-to-Four Family Mortgages | | $ | 1,251 | | $ | — | | $ | — | | $ | — | | $ | 1,251 | Home Equity Lines of Credit | | | — | | | — | | | — | | | — | | | — | Construction and Land | | | — | | | — | | | — | | | — | | | — | Commercial Real Estate | | | — | | | — | | | — | | | — | | | — | Commercial and Industrial | | | — | | | — | | | — | | | — | | | — | Consumer | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | Total | | $ | 1,251 | | $ | — | | $ | — | | $ | — | | $ | 1,251 |
| | | | | | | | | | | | | | | | | | December 31, 2024 | | | Residential | | | | | Business | | | | | | | (in thousands) | | Properties | | Land | | Assets | | Other | | Total | One-to-Four Family Mortgages | | $ | 956 | | $ | — | | $ | — | | $ | — | | $ | 956 | Home Equity Lines of Credit | | | — | | | — | | | — | | | — | | | — | Construction and Land | | | — | | | 119 | | | — | | | — | | | 119 | Commercial Real Estate | | | — | | | — | | | — | | | — | | | — | Commercial and Industrial | | | — | | | — | | | — | | | — | | | — | Consumer | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | Total | | $ | 956 | | $ | 119 | | $ | — | | $ | — | | $ | 1,075 |
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| Schedule of activity related to the allowance for credit losses |
| | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | One-to-Four | | | | | | | | | | | | | | | | | | | | | | | Family | | Home Equity | | Construction | | Commercial | | Commercial | | | | | | | | | | (in thousands) | | Mortgages | | Lines of Credit | | and Land | | Real Estate | | and Industrial | | Consumer | | Unallocated | | Total | Allowance for Credit Losses | | | | | | | | | | | | | | | | | | | | | | | | | Beginning Balance | | $ | 1,392 | | $ | 44 | | $ | 7 | | $ | 4 | | $ | 118 | | $ | — | | $ | 134 | | $ | 1,699 | Recovery of Credit Loss | | | (190) | | | (2) | | | 15 | | | 28 | | | (84) | | | — | | | 233 | | | — | Loans Charged-Off | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Recoveries Collected | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | Ending Balance | | $ | 1,202 | | $ | 42 | | $ | 22 | | $ | 32 | | $ | 34 | | $ | — | | $ | 367 | | $ | 1,699 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | One-to-Four | | | | | | | | | | | | | | | | | | | | | | | Family | | Home Equity | | Construction | | Commercial | | Commercial | | | | | | | | | | (in thousands) | | Mortgages | | Lines of Credit | | and Land | | Real Estate | | and Industrial | | Consumer | | Unallocated | | Total | Allowance for Credit Losses | | | | | | | | | | | | | | | | | | | | | | | | | Beginning Balance | | $ | 2,554 | | $ | 57 | | $ | 32 | | $ | 4 | | $ | 122 | | $ | 9 | | $ | 24 | | $ | 2,802 | Recovery of Credit Loss | | | (1,162) | | | (10) | | | (25) | | | — | | | (4) | | | (9) | | | 110 | | | (1,100) | Loans Charged-Off | | | — | | | (3) | | | — | | | — | | | — | | | — | | | — | | | (3) | Recoveries Collected | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | Ending Balance | | $ | 1,392 | | $ | 44 | | $ | 7 | | $ | 4 | | $ | 118 | | $ | — | | $ | 134 | | $ | 1,699 |
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| Schedule of related party loans |
| | | | | | | | | | December 31, | | (in thousands) | | 2025 | | 2024 | | Balance, Beginning of Period | | $ | 511 | | $ | 546 | | New Loans | | | — | | | — | | Change in Related Parties, Net | | | — | | | — | | Repayments, Net | | | (25) | | | (35) | | | | | | | | | | Balance, End of Period | | $ | 486 | | $ | 511 | |
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