Loans and Allowance for Credit Losses

Schedule of loans modifications made to borrowers


	For the three months ended March 31, 2026
(Dollars in thousands)	Combination - Rate Reduction and Other-than-insignificant Payment Delay
Loan Modifications Made to Borrowers Experiencing Financial Difficulty	Number		Amortized Cost Basis	% of Total Class of Financing Receivable		Financial Effect
Multi-family residential	1	$	2,586	0.1	%	Borrower to make interest only payment through August 2026 (4 months) and rate reduced to 5.00% from 6.20%
Total	1	$	2,586

Schedule of non-accrual loans at amortized cost with no related allowance and interest income recognized for loans ninety days or more past due and still accruing


	At or for the three months ended March 31, 2026
(In thousands)		Non-accrual amortized cost beginning of the reporting period		Non-accrual amortized cost end of the reporting period		Non-accrual with no related allowance		Interest income recognized		Loans ninety days or more past due and still accruing
Multi-family residential	$	11,558	$	14,312	$	11,396	$	—	$	—
Commercial real estate		22,344		18,705		1,475		8		—
One-to-four family - mixed-use property		237		—		—		25		—
One-to-four family - residential		1,224		1,074		1,074		20		—
Small Business Administration		558		1,074		1,074		—		—
Commercial business and other		7,621		17,138		11,328		11		—
Total	$	43,542	$	52,303	$	26,347	$	64	$	—


	At or for the year ended December 31, 2025
(In thousands)		Non-accrual amortized cost beginning of the reporting period		Non-accrual amortized cost end of the reporting period		Non-accrual with no related allowance		Interest income recognized		Loans ninety days or more past due and still accruing
Multi-family residential	$	11,707	$	11,558	$	8,642	$	53	$	—
Commercial real estate		6,376		22,344		5,115		20		—
One-to-four family - mixed-use property		117		237		237		6		—
One-to-four family - residential		812		1,224		1,224		3		—
Small Business Administration		2,531		558		558		366		—
Commercial business and other		12,454		7,621		4,188		145		—
Total	$	33,997	$	43,542	$	19,964	$	593	$	—

Summary of aging analysis of amortized cost basis of loans


	At March 31, 2026
(In thousands)	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater than 90 Days		Total Past Due		Current		Total Loans ⁽¹⁾
Multi-family residential	$	2,533	$	2,747	$	14,312	$	19,592	$	2,373,309	$	2,392,901
Commercial real estate		162		1,983		18,705		20,850		1,913,111		1,933,961
One-to-four family - mixed-use property		469		110		—		579		468,324		468,903
One-to-four family - residential		503		1,577		1,074		3,154		295,500		298,654
Construction		—		—		—		—		40,477		40,477
Small Business Administration		25		7		1,074		1,106		21,094		22,200
Commercial business and other		2,088		5,332		16,566		23,986		1,380,096		1,404,082
Total	$	5,780	$	11,756	$	51,731	$	69,267	$	6,491,911	$	6,561,178

.


	At December 31, 2025
(In thousands)	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater than 90 Days		Total Past Due		Current		Total Loans ⁽¹⁾
Multi-family residential	$	3,914	$	1,165	$	11,558	$	16,637	$	2,371,513	$	2,388,150
Commercial real estate		2,785		—		22,344		25,129		1,970,023		1,995,152
One-to-four family - mixed-use property		263		—		237		500		478,310		478,810
One-to-four family - residential		2,264		53		1,224		3,541		316,744		320,285
Construction		—		—		—		—		54,748		54,748
Small Business Administration		160		—		558		718		17,029		17,747
Commercial business and other		7,874		1		7,050		14,925		1,382,490		1,397,415
Total	$	17,260	$	1,219	$	42,971	$	61,450	$	6,590,857	$	6,652,307

(1) The tables above exclude the unallocated portfolio layer basis adjustments totaling $0.4 million and $1.6 million related to loans hedged in a closed pool at March 31, 2026 and December 31, 2025, respectively. See Note 11 (“Derivative Financial Instruments”) of the Notes to the Consolidated Financial Statements.

Summary of risk category of mortgage and non-mortgage loans by loan portfolio segments and class of loans by year of origination


	March 31, 2026
														Revolving Loans		Revolving Loans
														Amortized Cost		converted to
(In thousands)		2026		2025		2024		2023		2022		Prior		Basis		term loans		Total
Multi-family Residential
Pass	$	56,064	$	70,336	$	106,997	$	221,408	$	399,077	$	1,460,215	$	3,707	$	—	$	2,317,804
Watch		—		—		921		—		3,702		30,503		—		—		35,126
Special Mention		—		—		—		—		—		24,880		—		—		24,880
Substandard		—		—		—		—		806		14,285		—		—		15,091
Total Multi-family Residential	$	56,064	$	70,336	$	107,918	$	221,408	$	403,585	$	1,529,883	$	3,707	$	—	$	2,392,901
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	173	$	—	$	—	$	173
Commercial Real Estate
Pass	$	23,463	$	231,302	$	190,142	$	187,132	$	281,012	$	958,781	$	—	$	—	$	1,871,832
Watch		—		—		—		3,552		3,797		25,692		—		—		33,041
Special Mention		—		8,400		1,983		—		—		—		—		—		10,383
Substandard		—		—		—		—		—		18,705		—		—		18,705
Total Commercial Real Estate	$	23,463	$	239,702	$	192,125	$	190,684	$	284,809	$	1,003,178	$	—	$	—	$	1,933,961
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	616	$	—	$	—	$	616
1-4 Family Mixed-Use Property
Pass	$	5,754	$	16,816	$	17,002	$	20,044	$	41,787	$	360,877	$	—	$	—	$	462,280
Watch		—		—		—		—		—		5,953		—		—		5,953
Special Mention		—		—		—		—		—		369		—		—		369
Substandard		—		—		—		—		—		301		—		—		301
Total 1-4 Family Mixed-Use Property	$	5,754	$	16,816	$	17,002	$	20,044	$	41,787	$	367,500	$	—	$	—	$	468,903
1-4 Family Residential
Pass	$	—	$	2,227	$	12,209	$	92,061	$	50,764	$	121,233	$	5,756	$	7,296	$	291,546
Watch		—		—		—		846		480		835		—		1,338		3,499
Special Mention		—		—		—		—		—		2,335		—		200		2,535
Substandard		—		—		—		—		—		846		—		228		1,074
Total 1-4 Family Residential	$	—	$	2,227	$	12,209	$	92,907	$	51,244	$	125,249	$	5,756	$	9,062	$	298,654
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	147	$	147
Construction
Pass	$	—	$	2,287	$	—	$	—	$	—	$	—	$	38,190	$	—	$	40,477
Watch		—		—		—		—		—		—		—		—		—
Total Construction	$	—	$	2,287	$	—	$	—	$	—	$	—	$	38,190	$	—	$	40,477
Small Business Administration
Pass	$	3,942	$	8,527	$	1,583	$	1,113	$	3,114	$	2,663	$	—	$	—	$	20,942
Watch		—		—		—		—		—		152		—		—		152
Special Mention		—		—		—		—		—		25		—		—		25
Substandard		—		—		—		—		—		1,081		—		—		1,081
Total Small Business Administration	$	3,942	$	8,527	$	1,583	$	1,113	$	3,114	$	3,921	$	—	$	—	$	22,200
Commercial Business
Pass	$	32,293	$	108,460	$	60,213	$	63,593	$	52,459	$	93,413	$	177,027	$	—	$	587,458
Watch		—		69		1,712		—		77		2,590		2,704		—		7,152
Special Mention		—		—		—		—		—		—		1,081		—		1,081
Substandard		—		572		1,760		242		2,155		3,973		3,356		—		12,058
Doubtful		—		—		—		—		—		—		—		—		—
Total Commercial Business	$	32,293	$	109,101	$	63,685	$	63,835	$	54,691	$	99,976	$	184,168	$	—	$	607,749
Gross charge-offs	$	—	$	100	$	—	$	—	$	—	$	—	$	—	$	—	$	100
Commercial Business - Secured by RE
Pass	$	14,240	$	100,545	$	67,550	$	53,938	$	158,956	$	358,366	$	—	$	—	$	753,595
Watch		—		—		8,509		—		—		19,100		—		—		27,609
Special Mention		—		4,999		—		—		—		—		—		—		4,999
Substandard		—		—		—		—		—		9,967		—		—		9,967
Total Commercial Business - Secured by RE	$	14,240	$	105,544	$	76,059	$	53,938	$	158,956	$	387,433	$	—	$	—	$	796,170
Other
Pass	$	—	$	—	$	—	$	—	$	—	$	85	$	78	$	—	$	163
Total Other	$	—	$	—	$	—	$	—	$	—	$	85	$	78	$	—	$	163
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	16	$	—	$	—	$	16
Total by Loan Type
Total Pass	$	135,756	$	540,500	$	455,696	$	639,289	$	987,169	$	3,355,633	$	224,758	$	7,296	$	6,346,097
Total Watch		—		69		11,142		4,398		8,056		84,825		2,704		1,338		112,532
Total Special Mention		—		13,399		1,983		—		—		27,609		1,081		200		44,272
Total Substandard		—		572		1,760		242		2,961		49,158		3,356		228		58,277
Total Loans ⁽¹⁾	$	135,756	$	554,540	$	470,581	$	643,929	$	998,186	$	3,517,225	$	231,899	$	9,062	$	6,561,178
Total Gross charge-offs	$	—	$	100	$	—	$	—	$	—	$	805	$	—	$	147	$	1,052


	December 31, 2025
														Revolving Loans		Revolving Loans
														Amortized Cost		converted to
(In thousands)		2025		2024		2023		2022		2021		Prior		Basis		term loans		Total
Multi-family Residential
Pass	$	70,542	$	107,310	$	226,950	$	401,808	$	262,801	$	1,237,130	$	3,489	$	—	$	2,310,030
Watch		—		924		900		3,727		3,296		36,154		—		—		45,001
Special Mention		—		—		—		—		—		20,752		—		—		20,752
Substandard		—		—		—		810		—		11,557		—		—		12,367
Total Multi-family Residential	$	70,542	$	108,234	$	227,850	$	406,345	$	266,097	$	1,305,593	$	3,489	$	—	$	2,388,150
Gross charge-offs	$	—	$	—	$	—	$	1,681	$	—	$	1,254	$	—	$	—	$	2,935
Commercial Real Estate
Pass	$	231,927	$	190,608	$	187,887	$	285,929	$	129,592	$	858,072	$	—	$	—	$	1,884,015
Watch		—		1,978		3,697		4,211		9,027		61,480		—		—		80,393
Special Mention		8,400		—		—		—		—		—		—		—		8,400
Substandard		—		—		—		—		—		22,344		—		—		22,344
Total Commercial Real Estate	$	240,327	$	192,586	$	191,584	$	290,140	$	138,619	$	941,896	$	—	$	—	$	1,995,152
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	1,347	$	—	$	—	$	1,347
1-4 Family Mixed-Use Property
Pass	$	16,863	$	17,055	$	20,271	$	42,216	$	36,388	$	339,151	$	—	$	—	$	471,944
Watch		—		—		—		—		287		5,757		—		—		6,044
Special Mention		—		—		—		—		—		263		—		—		263
Substandard		—		—		—		—		—		559		—		—		559
Total 1-4 Family Mixed-Use Property	$	16,863	$	17,055	$	20,271	$	42,216	$	36,675	$	345,730	$	—	$	—	$	478,810
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	55	$	—	$	—	$	55
1-4 Family Residential
Pass	$	2,573	$	15,545	$	102,740	$	51,485	$	6,573	$	120,572	$	5,755	$	7,531	$	312,774
Watch		—		—		855		484		—		2,939		—		1,502		5,780
Special Mention		—		—		—		—		—		450		—		57		507
Substandard		—		—		—		—		—		722		—		502		1,224
Total 1-4 Family Residential	$	2,573	$	15,545	$	103,595	$	51,969	$	6,573	$	124,683	$	5,755	$	9,592	$	320,285
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	5	$	—	$	—	$	5
Construction
Pass	$	353	$	—	$	—	$	—	$	—	$	—	$	36,145	$	—	$	36,498
Watch		—		—		—		—		18,250		—		—		—		18,250
Total Construction	$	353	$	—	$	—	$	—	$	18,250	$	—	$	36,145	$	—	$	54,748
Small Business Administration
Pass	$	7,811	$	1,619	$	1,125	$	3,134	$	875	$	2,283	$	—	$	—	$	16,847
Watch		—		—		—		—		—		174		—		—		174
Special Mention		—		—		—		—		—		26		—		—		26
Substandard		—		—		—		—		1		699		—		—		700
Total Small Business Administration	$	7,811	$	1,619	$	1,125	$	3,134	$	876	$	3,182	$	—	$	—	$	17,747
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	279	$	—	$	—	$	279
Commercial Business
Pass	$	118,366	$	61,302	$	67,109	$	51,852	$	19,275	$	78,080	$	179,583	$	—	$	575,567
Watch		72		2,939		—		—		2,394		4,335		2,968		—		12,708
Special Mention		—		—		—		—		1,487		2,381		—		—		3,868
Substandard		572		639		267		2,155		—		94		6,227		—		9,954
Total Commercial Business	$	119,010	$	64,880	$	67,376	$	54,007	$	23,156	$	84,890	$	188,778	$	—	$	602,097
Gross charge-offs	$	—	$	—	$	871	$	2,621	$	—	$	3,115	$	95	$	—	$	6,702
Commercial Business - Secured by RE
Pass	$	107,989	$	67,865	$	54,158	$	161,875	$	105,186	$	260,238	$	—	$	—	$	757,311
Watch		—		8,543		—		—		8,405		18,041		—		—		34,989
Substandard		—		—		—		—		—		2,787		—		—		2,787
Total Commercial Business - Secured by RE	$	107,989	$	76,408	$	54,158	$	161,875	$	113,591	$	281,066	$	—	$	—	$	795,087
Other
Pass	$	—	$	—	$	—	$	—	$	—	$	147	$	84	$	—	$	231
Total Other	$	—	$	—	$	—	$	—	$	—	$	147	$	84	$	—	$	231
Gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	80	$	—	$	—	$	80
Total by Loan Type
Total Pass	$	556,424	$	461,304	$	660,240	$	998,299	$	560,690	$	2,895,673	$	225,056	$	7,531	$	6,365,217
Total Watch		72		14,384		5,452		8,422		41,659		128,880		2,968		1,502		203,339
Total Special Mention		8,400		—		—		—		1,487		23,872		—		57		33,816
Total Substandard		572		639		267		2,965		1		38,762		6,227		502		49,935
Total Loans ⁽¹⁾	$	565,468	$	476,327	$	665,959	$	1,009,686	$	603,837	$	3,087,187	$	234,251	$	9,592	$	6,652,307
Total Gross charge-offs	$	—	$	—	$	871	$	4,302	$	—	$	6,135	$	95	$	—	$	11,403

⁽¹⁾ The tables above exclude the unallocated portfolio layer basis adjustments totaling $0.4 million and $1.6 million related to loans hedged in a closed pool at March 31, 2026 and December 31, 2025, respectively. See Note 11 (“Derivative Financial Instruments”) of the Notes to the Consolidated Financial Statements.

Summary of allowance for off balance sheet


	For the three months ended March 31,
(In thousands)		2026		2025
Balance at beginning of period	$	1,733	$	1,037
Provision (benefit) ⁽¹⁾		111		337
Allowance for off-balance sheet - credit losses ⁽²⁾	$	1,844	$	1,374

(1) Included in “Other operating expenses” on the Consolidated Statements of Operations.

(2) Included in “Other liabilities” on the Consolidated Statements of Financial Condition.