Loans Receivable and Allowance for Loan Losses (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Loans Receivable and Allowance for Loan Losses |
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| Schedule of summary of company's loans receivable |
The table below is a summary of the Company’s mortgage loans owned (dollars in thousands): | | | | | | | | | December 31, | | December 31, | | | 2025 | | 2024 | Non-profit commercial loans: | | | | | | | Real estate secured | | $ | 83,651 | | $ | 83,912 | Construction | | | 385 | | | — | Unsecured | | | 325 | | | 48 | Total non-profit commercial loans: | | | 84,361 | | | 83,960 | For-profit commercial loans: | | | | | | | Real estate secured | | | 7,915 | | | 10,678 | Total loans | | | 92,276 | | | 94,638 | Deferred loan fees, net | | | (106) | | | (100) | Loan discount | | | (221) | | | (211) | Allowance for loan losses | | | (1,122) | | | (1,156) | Loans, net | | $ | 90,827 | | $ | 93,171 |
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| Schedule of changes in the allowance for expected credit losses |
The following table shows the changes in the allowance for loan losses for the years ended years ended December 31, 2025 and 2024 (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | December 31, | | | 2025 | | 2024 | Segment: | | Non-profit Commercial | | For-profit Commercial | | Total | | Non-profit Commercial | | For-profit Commercial | | Total | Balance, beginning of period | | $ | 1,119 | | $ | 37 | | $ | 1,156 | | $ | 1,471 | | $ | 30 | | $ | 1,501 | Provision (credit) for loan loss | | | (19) | | | (15) | | | (34) | | | (133) | | | 7 | | | (126) | Charge-offs | | | — | | | — | | | — | | | (219) | | | — | | | (219) | Recoveries | | | — | | | — | | | — | | | — | | | — | | | — | Balance, end of period | | $ | 1,100 | | $ | 22 | | $ | 1,122 | | $ | 1,119 | | $ | 37 | | $ | 1,156 |
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| Schedule of loans and allowance for expected credit losses by impairment methodology |
The table below presents loans by portfolio segment and the related allowance for loan losses. In addition, the table segregates loans and the allowance for loan losses by impairment methodology (dollars in thousands): | | | | | | | | | Loans and Allowance
for Loan Losses (by segment) | | | As of | | | December 31, | | December 31, | | | 2025 | | 2024 | Non-profit Commercial Loans: | | | | | | | Individually evaluated for impairment | | $ | 14,965 | | $ | 14,855 | Collectively evaluated for impairment | | | 69,396 | | | 69,105 | Total Non-profit Commercial Loans | | | 84,361 | | | 83,960 | For-profit Commercial Loans: | | | | | | | Individually evaluated for impairment | | | — | | | — | Collectively evaluated for impairment | | | 7,915 | | | 10,678 | Total For-profit Commercial Loans | | | 7,915 | | | 10,678 | Total Balance | | $ | 92,276 | | $ | 94,638 | | | | | | | | Allowance for loan losses: | | | | | | | Non-profit Commercial Loans: | | | | | | | Individually evaluated for impairment | | $ | 589 | | $ | 463 | Collectively evaluated for impairment | | | 511 | | | 656 | Total Non-profit Commercial Loan Allowance | | | 1,100 | | | 1,119 | For-profit Commercial Loans: | | | | | | | Individually evaluated for impairment | | | — | | | — | Collectively evaluated for impairment | | | 22 | | | 37 | Total For-profit Commercial Loan Allowance | | | 22 | | | 37 | Balance | | $ | 1,122 | | $ | 1,156 |
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| Schedule of loan portfolio credit quality indicators by class |
| | | | | | | | | | | | | | | | | | | | | | Credit Quality Indicators (by class) | As of December 31, 2025 | | | Pass | | Watch | | Special Mention | | Substandard | | Doubtful | | Loss | | Total | Non-profit Commercial Loans | | | | | | | | | | | | | | | | | | | | | | Wholly Owned First Amortizing | | $ | 48,590 | | $ | 16,525 | | $ | 5,408 | | $ | 8,248 | | $ | — | | $ | — | | $ | 78,771 | Wholly Owned Other Amortizing | | | 1,307 | | | — | | | — | | | 1,309 | | | — | | | — | | | 2,616 | Wholly Owned Unsecured Amortizing | | | 12 | | | 25 | | | — | | | — | | | — | | | — | | | 37 | Wholly Owned Unsecured LOC | | | 300 | | | — | | | — | | | — | | | — | | | — | | | 300 | Wholly Owned Construction | | | 385 | | | — | | | — | | | — | | | — | | | — | | | 385 | Participation First | | | 1,180 | | | — | | | — | | | — | | | — | | | — | | | 1,180 | Participation Construction | | | 1,072 | | | — | | | — | | | — | | | — | | | — | | | 1,072 | Total Non-profit Commercial Loans | | | 52,846 | | | 16,550 | | | 5,408 | | | 9,557 | | | — | | | — | | | 84,361 | For-profit Commercial Loans | | | | | | | | | | | | | | | | | | | | | | Wholly Owned First Amortizing | | | 4,164 | | | 807 | | | — | | | — | | | — | | | — | | | 4,971 | Participation First | | | 1,339 | | | 129 | | | — | | | — | | | — | | | — | | | 1,468 | Participation Construction | | | 1,476 | | | — | | | — | | | — | | | — | | | — | | | 1,476 | Total For-profit Commercial Loans | | | 6,979 | | | 936 | | | — | | | — | | | — | | | — | | | 7,915 | Total Loans | | $ | 59,825 | | $ | 17,486 | | $ | 5,408 | | $ | 9,557 | | $ | — | | $ | — | | $ | 92,276 |
| | | | | | | | | | | | | | | | | | | | | | Credit Quality Indicators (by class) | As of December 31, 2024 | | | Pass | | Watch | | Special Mention | | Substandard | | Doubtful | | Loss | | Total | Non-profit Commercial Loans | | | | | | | | | | | | | | | | | | | | | | Wholly Owned First Amortizing | | $ | 41,686 | | $ | 24,565 | | $ | 5,408 | | $ | 8,042 | | $ | — | | $ | — | | $ | 79,701 | Wholly Owned Other Amortizing | | | 1,357 | | | — | | | — | | | 1,405 | | | — | | | — | | | 2,762 | Wholly Owned Unsecured Amortizing | | | 19 | | | 27 | | | — | | | — | | | — | | | — | | | 46 | Wholly Owned Unsecured LOC | | | 22 | | | — | | | — | | | — | | | — | | | — | | | 22 | Wholly Owned Construction | | | 188 | | | — | | | — | | | — | | | — | | | — | | | 188 | Participation First | | | 1,241 | | | — | | | — | | | — | | | — | | | — | | | 1,241 | Total Non-profit Commercial Loans | | | 44,513 | | | 24,592 | | | 5,408 | | | 9,447 | | | — | | | — | | | 83,960 | For-profit Commercial Loans | | | | | | | | | | | | | | | | | | | | | | Wholly Owned First Amortizing | | | 6,741 | | | 816 | | | — | | | — | | | — | | | — | | | 7,557 | Participation First | | | 1,497 | | | 130 | | | — | | | — | | | — | | | — | | | 1,627 | Participation Construction | | | 1,494 | | | — | | | — | | | — | | | — | | | — | | | 1,494 | Total For-profit Commercial Loans | | | 9,732 | | | 946 | | | — | | | — | | | — | | | — | | | 10,678 | Total Loans | | $ | 54,245 | | $ | 25,538 | | $ | 5,408 | | $ | 9,447 | | $ | — | | $ | — | | $ | 94,638 |
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| Schedule of age analysis of past due loans by class |
| | | | | | | | | | | | | | | | | | | | | | Credit Quality Indicators (by class) | As of December 31, 2024 | | | Pass | | Watch | | Special Mention | | Substandard | | Doubtful | | Loss | | Total | Non-profit Commercial Loans | | | | | | | | | | | | | | | | | | | | | | Wholly Owned First Amortizing | | $ | 41,686 | | $ | 24,565 | | $ | 5,408 | | $ | 8,042 | | $ | — | | $ | — | | $ | 79,701 | Wholly Owned Other Amortizing | | | 1,357 | | | — | | | — | | | 1,405 | | | — | | | — | | | 2,762 | Wholly Owned Unsecured Amortizing | | | 19 | | | 27 | | | — | | | — | | | — | | | — | | | 46 | Wholly Owned Unsecured LOC | | | 22 | | | — | | | — | | | — | | | — | | | — | | | 22 | Wholly Owned Construction | | | 188 | | | — | | | — | | | — | | | — | | | — | | | 188 | Participation First | | | 1,241 | | | — | | | — | | | — | | | — | | | — | | | 1,241 | Total Non-profit Commercial Loans | | | 44,513 | | | 24,592 | | | 5,408 | | | 9,447 | | | — | | | — | | | 83,960 | For-profit Commercial Loans | | | | | | | | | | | | | | | | | | | | | | Wholly Owned First Amortizing | | | 6,741 | | | 816 | | | — | | | — | | | — | | | — | | | 7,557 | Participation First | | | 1,497 | | | 130 | | | — | | | — | | | — | | | — | | | 1,627 | Participation Construction | | | 1,494 | | | — | | | — | | | — | | | — | | | — | | | 1,494 | Total For-profit Commercial Loans | | | 9,732 | | | 946 | | | — | | | — | | | — | | | — | | | 10,678 | Total Loans | | $ | 54,245 | | $ | 25,538 | | $ | 5,408 | | $ | 9,447 | | $ | — | | $ | — | | $ | 94,638 |
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| Schedule of impaired loans by class |
| | | | | | | | | For the years ended | Impaired Non-profit Commercial Loans (by class) | | December 31, | | December 31, | | | 2025 | | 2024 | Wholly Owned First Amortizing | | | | | | | Average recorded investment | | $ | 19,849 | | $ | 20,154 | Interest income recognized | | | 2,051 | | | 1,326 | Wholly Owned Other Amortizing | | | | | | | Average recorded investment | | | 1,357 | | | 703 | Interest income recognized | | | 97 | | | — | Total Impaired Loans | | | | | | | Average recorded investment | | $ | 21,206 | | $ | 20,857 | Interest income recognized | | | 2,148 | | | 1,326 |
| | | | | | | Impaired Non-profit Commercial Loans (by class) | | As of | | As of | | | December 31, | | December 31, | | | 2025 | | 2024 | Wholly Owned First Amortizing | | | | | | | Recorded investment with specific allowance | | $ | 7,569 | | $ | 7,364 | Recorded with no specific allowance | | | 11,987 | | | 12,777 | Total recorded investment | | $ | 19,556 | | $ | 20,141 | Unpaid principal balance | | $ | 20,021 | | $ | 20,675 | Wholly Owned Other Amortizing | | | | | | | Recorded investment with specific allowance | | $ | 1,309 | | $ | 1,405 | Recorded with no specific allowance | | | — | | | — | Total recorded investment | | $ | 1,309 | | $ | 1,405 | Unpaid principal balance | | $ | 1,685 | | $ | 1,685 | Total Impaired Loans | | | | | | | Recorded investment with specific allowance | | $ | 8,878 | | $ | 8,769 | Recorded with no specific allowance | | | 11,987 | | | 12,777 | Total recorded investment | | $ | 20,865 | | $ | 21,546 | Unpaid principal balance | | $ | 21,706 | | $ | 22,360 |
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| Schedule of loans on non-accrual status by class |
| | | | | | | Impaired Non-profit Commercial Loans (by class) | | As of | | As of | | | December 31, | | December 31, | | | 2025 | | 2024 | Wholly Owned First Amortizing | | | | | | | Recorded investment with specific allowance | | $ | 7,569 | | $ | 7,364 | Recorded with no specific allowance | | | 11,987 | | | 12,777 | Total recorded investment | | $ | 19,556 | | $ | 20,141 | Unpaid principal balance | | $ | 20,021 | | $ | 20,675 | Wholly Owned Other Amortizing | | | | | | | Recorded investment with specific allowance | | $ | 1,309 | | $ | 1,405 | Recorded with no specific allowance | | | — | | | — | Total recorded investment | | $ | 1,309 | | $ | 1,405 | Unpaid principal balance | | $ | 1,685 | | $ | 1,685 | Total Impaired Loans | | | | | | | Recorded investment with specific allowance | | $ | 8,878 | | $ | 8,769 | Recorded with no specific allowance | | | 11,987 | | | 12,777 | Total recorded investment | | $ | 20,865 | | $ | 21,546 | Unpaid principal balance | | $ | 21,706 | | $ | 22,360 |
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| Schedule of loan modifications by class |
A summary of loans the Company modified during the years ended December 31, 2025 and 2024 is as follows (dollars in thousands): | | | | | | | Loan Modifications (by class) | | | For the twelve months ended | | | December 31, 2025 | | December 31, 2024 | Non-profit Commercial Loans: | | | | | | | Wholly Owned First Amortizing | | | | | | | Number of Loans | | | 3 | | | 6 | Pre-Modification Outstanding Recorded Investment | | $ | 1,372 | | $ | 5,566 | Post-Modification Outstanding Recorded Investment | | | 1,372 | | | 5,566 | Recorded Investment At Period End | | | 1,371 | | | 5,311 | Total | | | | | | | Number of Loans | | | 3 | | | 6 | Pre-Modification Outstanding Recorded Investment | | $ | 1,372 | | $ | 5,566 | Post-Modification Outstanding Recorded Investment | | | 1,372 | | | 5,566 | Recorded Investment At Period End | | | 1,371 | | | 5,311 |
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