SUBSEQUENT EVENTS |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS As defined in FASB ASC 855, “Subsequent Events”, subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued or available to be issued. Financial statements are considered issued when they are widely distributed to stockholders and other financial statement users for general use and reliance in a form and format that complies with U.S. GAAP. In March of 2026, a subsidiary of the Bank was the successful bidder for a property in Philadelphia, PA, securing a defaulted multifamily loan for $5.3 million at a sheriff’s sale and is now the equitable owner by virtue of that bid. Upon recording of the sheriff’s deed, the subsidiary will become the full legal owner of the property. A receiver has been appointed by the Court to manage the property.
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