| Summary of Impact by Segment |
During 2025, the Company converted from the remaining life method to the discounted cash flow ("DCF") method to estimate expected credit losses for all loan pools except consumer loans, which continues to use the remaining life method. This change was made to improve the precision of the calculation. Below is a summary of the impact by segment:
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(In thousands) |
|
December 31, 2025
Remaining Life Method |
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Impact of Methodology Change |
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December 31, 2025
DCF Method |
|
Real estate loans |
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One to four family residential |
|
$ |
2,382 |
|
|
$ |
1,055 |
|
|
|
$ |
3,437 |
|
Home equity and second mortgages |
|
|
224 |
|
|
|
112 |
|
|
|
|
336 |
|
Commercial real estate |
|
|
8,330 |
|
|
|
(2,458 |
) |
|
|
|
5,872 |
|
Commercial real estate multifamily |
|
|
370 |
|
|
|
614 |
|
|
|
|
984 |
|
Construction and land |
|
|
623 |
|
|
|
(233 |
) |
|
|
|
390 |
|
Total real estate loans |
|
|
11,929 |
|
|
|
(910 |
) |
|
|
|
11,019 |
|
Commercial and industrial loans |
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|
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|
|
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Condominium associations |
|
|
2,880 |
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|
|
87 |
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|
|
|
2,967 |
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Other commercial and industrial |
|
|
6,865 |
|
|
|
1,074 |
|
|
|
|
7,939 |
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Total commercial loans |
|
|
9,745 |
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|
|
1,161 |
|
|
|
|
10,906 |
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Consumer loans |
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Consumer |
|
|
93 |
|
|
|
— |
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|
|
|
93 |
|
Total consumer loans |
|
|
93 |
|
|
|
— |
|
|
|
|
93 |
|
Total ACL on loans: |
|
$ |
21,767 |
|
|
$ |
251 |
|
|
|
$ |
22,018 |
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