| Summary of composition of loans |
| | | | | | | | | | March 31, | | December 31, | | | | 2026 | | 2025 | | | | | (In Thousands) | | Residential real estate: | | | | | | | | One-to-four family | | $ | 3,080 | | $ | 3,114 | | Multi-family | | | 292,160 | | | 306,508 | | Mixed-use | | | 24,703 | | | 25,197 | | Total residential real estate | | | 319,943 | | | 334,819 | | Non-residential real estate | | | 38,205 | | | 38,463 | | Construction | | | 1,320,236 | | | 1,336,329 | | Commercial and industrial | | | 149,787 | | | 150,397 | | Consumer | | | 37 | | | 58 | | Total Loans | | | 1,828,208 | | | 1,860,066 | | Deferred loan costs, net | | | 174 | | | 268 | | Allowance for credit losses | | | (4,592) | | | (4,731) | | | | $ | 1,823,790 | | $ | 1,855,603 | |
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| Schedule of age analysis of past due loans |
Age Analysis of Past Due Loans as of March 31, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Recorded | | | | | | | | | | | | | | | | | | | | | Investment > | | | 30 – 59 Days | | 60 – 89 Days | | Greater Than | | Total Past | | | | | Total Loans | | 90 Days and | | | Past Due | | Past Due | | 90 Days | | Due | | Current | | Receivable | | Accruing | | | | (In Thousands) | Residential real estate: | | | | | | | | | | | | | | | | | | | | | | One- to four-family | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 3,080 | | $ | 3,080 | | $ | — | Multi-family | | | — | | | — | | | — | | | — | | | 292,160 | | | 292,160 | | | — | Mixed-use | | | — | | | — | | | — | | | — | | | 24,703 | | | 24,703 | | | — | Non-residential real estate | | | — | | | — | | | — | | | — | | | 38,205 | | | 38,205 | | | — | Construction loans | | | 2,490 | | | — | | | — | | | 2,490 | | | 1,317,746 | | | 1,320,236 | | | — | Commercial and industrial loans | | | — | | | — | | | — | | | — | | | 149,787 | | | 149,787 | | | — | Consumer | | | — | | | — | | | — | | | — | | | 37 | | | 37 | | | — | | | $ | 2,490 | | $ | — | | $ | — | | $ | 2,490 | | $ | 1,825,718 | | $ | 1,828,208 | | $ | — |
Age Analysis of Past Due Loans as of December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Recorded | | | | | | | | | | | | | | | | | | | | | Investment | | | 30 – 59 Days | | 60 – 89 Days | | Greater Than | | Total Past | | | | | Total Loans | | > 90 Days and | | | Past Due | | Past Due | | 90 Days | | Due | | Current | | Receivable | | Accruing | | | | (In Thousands) | Residential real estate: | | | | | | | | | | | | | | | | | | | | | | One- to four-family | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 3,114 | | $ | 3,114 | | $ | — | Multi-family | | | — | | | — | | | — | | | — | | | 306,508 | | | 306,508 | | | — | Mixed-use | | | — | | | — | | | — | | | — | | | 25,197 | | | 25,197 | | | — | Non-residential real estate | | | — | | | — | | | — | | | — | | | 38,463 | | | 38,463 | | | — | Construction loans | | | — | | | — | | | — | | | — | | | 1,336,329 | | | 1,336,329 | | | — | Commercial and industrial loans | | | — | | | — | | | — | | | — | | | 150,397 | | | 150,397 | | | — | Consumer | | | — | | | — | | | — | | | — | | | 58 | | | 58 | | | — | | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 1,860,066 | | $ | 1,860,066 | | $ | — |
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| Summary of risk category of loans |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving | | Revolving | | | | | Term Loans Amortized Costs Basis by Origination Year | | Loans | | Loans | | | | | | | | | | | | | | | | | | Amortized | | Converted | | | March 31, 2026 | | | 2026 | | 2025 | | 2024 | | 2023 | | 2022 | | Prior | | Cost Basis | | to Term | | Total | Residential real estate | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | Pass | | $ | - | $ | 119,677 | $ | 11,968 | $ | 67,765 | $ | 64,260 | $ | 56,273 | $ | - | $ | - | $ | 319,943 | Special Mention | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Substandard | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Doubtful | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | $ | - | $ | 119,677 | $ | 11,968 | $ | 67,765 | $ | 64,260 | $ | 56,273 | $ | - | $ | - | $ | 319,943 | | | | | | | | | | | | | | | | | | | | | Residential real estate | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | | | | | | | | | | | | | | | | | | | | | Non-residential real estate | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | Pass | | $ | - | $ | 10,967 | $ | 13,567 | $ | 1,521 | $ | 233 | $ | 11,917 | $ | - | $ | - | $ | 38,205 | Special Mention | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Substandard | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Doubtful | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | $ | - | $ | 10,967 | $ | 13,567 | $ | 1,521 | $ | 233 | $ | 11,917 | $ | - | $ | - | $ | 38,205 | | | | | | | | | | | | | | | | | | | | | Non-residential real estate | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | | | | | | | | | | | | | | | | | | | | | Construction | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | Pass | | $ | 110,210 | $ | 493,842 | $ | 295,163 | $ | 207,740 | $ | 116,038 | $ | 97,243 | $ | - | $ | - | $ | 1,320,236 | Special Mention | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Substandard | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Doubtful | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | $ | 110,210 | $ | 493,842 | $ | 295,163 | $ | 207,740 | $ | 116,038 | $ | 97,243 | $ | - | $ | - | $ | 1,320,236 | | | | | | | | | | | | | | | | | | | | | Construction | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | Pass | | $ | 37 | $ | 6,596 | $ | 5,500 | $ | 3,429 | $ | 4,566 | $ | 1,441 | $ | 125,105 | $ | 2,892 | $ | 149,566 | Special Mention | | | - | | - | | 221 | | - | | - | | - | | - | | - | | 221 | Substandard | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Doubtful | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | $ | 37 | $ | 6,596 | $ | 5,721 | $ | 3,429 | $ | 4,566 | $ | 1,441 | $ | 125,105 | $ | 2,892 | $ | 149,787 | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | | | | | | | | | | | | | | | | | | | | | Consumer | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | Pass | | $ | 37 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 37 | Special Mention | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Substandard | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Doubtful | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | $ | 37 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 37 | | | | | | | | | | | | | | | | | | | | | Consumer | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | $ | 27 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 27 | | | | | | | | | | | | | | | | | | | | | Total | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | Pass | | $ | 110,284 | $ | 631,082 | $ | 326,198 | $ | 280,455 | $ | 185,097 | $ | 166,874 | $ | 125,105 | $ | 2,892 | $ | 1,827,987 | Special Mention | | | - | | - | | 221 | | - | | - | | - | | - | | - | | 221 | Substandard | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Doubtful | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | $ | 110,284 | $ | 631,082 | $ | 326,419 | $ | 280,455 | $ | 185,097 | $ | 166,874 | $ | 125,105 | $ | 2,892 | $ | 1,828,208 | Total | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | $ | 27 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 27 |
The following table presents the risk category of loans at December 31, 2025 by loan segment and vintage year: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Revolving | | Revolving | | | | | Term Loans Amortized Costs Basis by Origination Year | | Loans | | Loans | | | | | | | | | | | | | | | | | | Amortized | | Converted | | | December 31, 2025 | | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | Cost Basis | | to Term | | Total | Residential real estate | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | Pass | | $ | 120,070 | $ | 11,768 | $ | 75,364 | $ | 64,588 | $ | 21,735 | $ | 41,068 | $ | - | $ | - | $ | 334,593 | Special Mention | | | - | | 226 | | - | | - | | - | | - | | - | | - | | 226 | Substandard | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Doubtful | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | $ | 120,070 | $ | 11,994 | $ | 75,364 | $ | 64,588 | $ | 21,735 | $ | 41,068 | $ | - | $ | - | $ | 334,819 | Residential real estate | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | | | | | | | | | | | | | | | | | | | | | Non-residential real estate | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | Pass | | $ | 11,013 | $ | 13,632 | $ | 1,531 | $ | 235 | $ | 1,606 | $ | 10,446 | $ | - | $ | - | $ | 38,463 | Special Mention | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Substandard | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Doubtful | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | $ | 11,013 | $ | 13,632 | $ | 1,531 | $ | 235 | $ | 1,606 | $ | 10,446 | $ | - | $ | - | $ | 38,463 | Non-residential real estate | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | | | | | | | | | | | | | | | | | | | | | Construction | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | Pass | | $ | 445,820 | $ | 380,754 | $ | 233,309 | $ | 158,283 | $ | 75,970 | $ | 42,193 | $ | - | $ | - | $ | 1,336,329 | Special Mention | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Substandard | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Doubtful | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | $ | 445,820 | $ | 380,754 | $ | 233,309 | $ | 158,283 | $ | 75,970 | $ | 42,193 | $ | - | $ | - | $ | 1,336,329 | Construction | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | Pass | | $ | 6,431 | $ | 5,959 | $ | 3,590 | $ | 4,843 | $ | 18 | $ | 1,501 | $ | 127,705 | $ | 350 | $ | 150,397 | Special Mention | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Substandard | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Doubtful | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | $ | 6,431 | $ | 5,959 | $ | 3,590 | $ | 4,843 | $ | 18 | $ | 1,501 | $ | 127,705 | $ | 350 | $ | 150,397 | Commercial and industrial | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | | | | | | | | | | | | | | | | | | | | | Consumer | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | Pass | | $ | 58 | $ | - | $ | - | $ | - | $ | - | $ | | $ | - | $ | - | $ | 58 | Special Mention | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Substandard | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Doubtful | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | $ | 58 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 58 | Consumer | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | $ | 702 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 702 | | | | | | | | | | | | | | | | | | | | | Total | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | Pass | | $ | 583,392 | $ | 412,113 | $ | 313,794 | $ | 227,949 | $ | 99,329 | $ | 95,208 | $ | 127,705 | $ | 350 | $ | 1,859,840 | Special Mention | | | - | | 226 | | - | | - | | - | | - | | - | | - | | 226 | Substandard | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Doubtful | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | $ | 583,392 | $ | 412,339 | $ | 313,794 | $ | 227,949 | $ | 99,329 | $ | 95,208 | $ | 127,705 | $ | 350 | $ | 1,860,066 | Total | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | $ | 702 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 702 | | | | | | | | | | | | | | | | | | | | |
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