v3.26.1
LOANS (Tables)
3 Months Ended
Mar. 31, 2026
LOANS  
Schedule of major classifications of loans

  ​ ​ ​

March 31, 2026

  ​ ​ ​

December 31, 2025

Mortgage loans on real estate:

 

  ​

 

  ​

Single family

$

41,693,508

$

41,228,633

Multifamily and nonresidential

 

22,329,275

 

21,432,455

Construction and land

 

2,235,527

 

2,652,831

Second mortgage

 

3,024,119

 

2,772,340

Commercial

 

7,267,327

 

7,657,780

Consumer loans

 

15,689,905

 

17,471,750

$

92,239,661

$

93,215,789

Less: Net deferred loan origination fees

 

(226,468)

 

(224,420)

Allowance for credit losses

 

(436,986)

 

(435,675)

Loans, net

$

91,576,207

$

92,555,694

Schedule of allowances for credit losses

  ​ ​ ​

  ​ ​ ​

Multifamily

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Single

and non-

Construction

Second

Family

residential

and Land

Mortgage

Commercial

Consumer

Total

2026

Allowance for credit losses: Balance, January 1, 2026

$

224,121

$

98,523

$

12,199

$

506

$

20,185

$

80,141

$

435,675

Provision for credit losses

 

7,278

3,951

(1,969)

 

(60)

(1,228)

 

(7,972)

 

Charge offs

 

 

 

 

 

 

 

Recoveries

 

1,311

 

 

 

 

 

 

1,311

Balance, March 31, 2026

$

232,710

$

102,474

$

10,230

$

446

$

18,957

$

72,169

$

436,986

  ​ ​ ​

  ​ ​ ​

Multifamily

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Single

and non-

Construction

Second

  ​ ​ ​

Family

  ​ ​ ​

residential

  ​ ​ ​

and Land

  ​ ​ ​

Mortgage

  ​ ​ ​

Commercial

  ​ ​ ​

Consumer

  ​ ​ ​

Total

2025

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Allowance for credit losses: Balance, January 1, 2025

$

226,570

$

83,899

$

4,017

$

268

$

25,665

$

11,418

$

351,837

Provision for credit losses

 

(12,365)

 

14,624

 

8,182

 

238

 

(5,480)

 

68,723

 

73,922

Charge-offs

 

 

 

 

 

 

 

Recoveries

 

9,916

 

 

 

 

 

 

9,916

Balance, December 31, 2025

$

224,121

$

98,523

$

12,199

$

506

$

20,185

$

80,141

$

435,675

  ​ ​ ​

March 31, 2026

  ​ ​ ​

December 31, 2025

Allowance for credit losses for unfunded loan commitments:

 

  ​

 

  ​

Beginning Balance

$

5,073

$

9,412

Provision (credit)

 

 

(4,339)

Ending Balance

$

5,073

$

5,073

Schedule of provision for credit losses

  ​ ​ ​

March 31, 2026

  ​ ​ ​

March 31, 2025

Loans

$

$

Unfunded loan commitments

 

 

Total

$

$

Schedule of loans by grading category and year

March 31, 2026

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

Prior

  ​ ​ ​

Revolving

  ​ ​ ​

Total

Single family

Pass

$

1,052,384

$

5,856,426

$

3,206,035

$

3,667,325

$

6,142,292

$

21,702,738

$

$

41,627,200

Special mention

 

 

 

 

 

 

38,981

 

 

38,981

Substandard

 

 

 

 

 

 

27,327

 

 

27,327

Doubtful

 

 

 

 

 

 

 

 

Total

$

1,052,384

$

5,856,426

$

3,206,035

$

3,667,325

$

6,142,292

$

21,769,046

$

$

41,693,508

Gross charge offs

$

$

$

$

$

$

$

$

Multifamily and nonresidential

Pass

$

400,000

$

5,676,671

$

1,329,875

$

973,116

$

4,378,636

$

8,820,947

$

750,030

$

22,329,275

Special mention

 

 

 

 

 

 

 

 

Substandard

 

 

 

 

 

 

 

 

Doubtful

 

 

 

 

 

 

 

 

Total

$

400,000

$

5,676,671

$

1,329,875

$

973,116

$

4,378,636

$

8,820,947

$

750,030

$

22,329,275

Gross charge offs

$

$

$

$

$

$

$

$

Construction and land

Pass

$

$

1,526,301

$

$

302,271

$

67,345

$

339,610

$

$

2,235,527

Special mention

 

 

 

 

 

 

 

 

Substandard

 

 

 

 

 

 

 

 

Doubtful

 

 

 

 

 

 

 

 

Total

$

$

1,526,301

$

$

302,271

$

67,345

$

339,610

$

$

2,235,527

Gross charge offs

$

$

$

$

$

$

$

$

Second mortgage

Pass

$

$

54,369

$

$

24,464

$

$

4,637

$

2,940,649

$

3,024,119

Special mention

 

 

 

 

 

 

 

 

Substandard

 

 

 

 

 

 

 

 

Doubtful

 

 

 

 

 

 

 

 

Total

$

$

54,369

$

$

24,464

$

$

4,637

$

2,940,649

$

3,024,119

Gross charge-offs

$

$

$

$

$

$

$

$

Commercial

Pass

$

$

389,110

$

865,384

$

967,519

$

1,178,743

$

720,023

$

3,146,548

$

7,267,327

Special mention

 

 

 

 

 

 

 

 

Substandard

 

 

 

 

 

 

 

 

Doubtful

 

 

 

 

 

 

 

 

Total

$

$

389,110

$

865,384

$

967,519

$

1,178,743

$

720,023

$

3,146,548

$

7,267,327

Gross charge-offs

$

$

$

$

$

$

$

$

Consumer loans

Pass

$

212

$

14,143,451

$

1,522,656

$

$

$

$

23,586

$

15,689,905

Special mention

 

 

 

 

 

 

 

 

Substandard

 

 

 

 

 

 

 

 

Doubtful

 

 

 

 

 

 

 

 

Total

$

212

$

14,143,451

$

1,522,656

$

$

$

$

23,586

$

15,689,905

Gross charge-offs

$

$

$

$

$

$

$

$

December 31, 2025

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

2021

  ​ ​ ​

Prior

  ​ ​ ​

Revolving

  ​ ​ ​

Total

Single family

Pass

$

5,983,526

$

2,694,260

$

3,707,506

$

6,191,774

$

7,731,470

$

14,847,338

$

$

41,155,874

Special mention

 

 

 

 

 

 

41,414

 

 

41,414

Substandard

 

 

 

 

 

 

31,345

 

 

31,345

Doubtful

 

 

 

 

 

 

 

 

Total

$

5,983,526

$

2,694,260

$

3,707,506

$

6,191,774

$

7,731,470

$

14,920,097

$

$

41,228,633

Gross charge offs

$

$

$

$

$

$

$

$

Multifamily and nonresidential Pass

Pass

$

5,703,362

$

1,338,858

$

981,509

$

4,425,969

$

1,975,842

$

7,006,915

$

$

21,432,455

Special mention

 

 

 

 

 

 

 

 

Substandard

 

 

 

 

 

 

 

 

Doubtful

 

 

 

 

 

 

 

 

Total

$

5,703,362

$

1,338,858

$

981,509

$

4,425,969

$

1,975,842

$

7,006,915

$

$

21,432,455

Gross charge offs

$

$

$

$

$

$

$

$

Construction and land

Pass

$

1,228,023

$

706,450

$

303,735

$

69,497

$

$

345,126

$

$

2,652,831

Special mention

 

 

 

 

 

 

 

 

Substandard

 

 

 

 

 

 

 

 

Doubtful

 

 

 

 

 

 

 

 

Total

$

1,228,023

$

706,450

$

303,735

$

69,497

$

$

345,126

$

$

2,652,831

Gross charge offs

$

$

$

$

$

$

$

$

Second mortgage

Pass

$

55,716

$

$

25,054

$

$

$

15,899

$

2,675,671

$

2,772,340

Special mention

 

 

 

 

 

 

 

 

Substandard

 

 

 

 

 

 

 

 

Doubtful

 

 

 

 

 

 

 

 

Total

$

55,716

$

$

25,054

$

$

$

15,899

$

2,675,671

$

2,772,340

Gross charge-offs

$

$

$

$

$

$

$

$

Commercial

Pass

$

395,075

$

882,621

$

1,006,291

$

1,236,962

$

110,556

$

756,438

$

3,269,837

$

7,657,780

Special mention

 

 

 

 

 

 

 

 

Substandard

 

 

 

 

 

 

 

 

Doubtful

 

 

 

 

 

 

 

 

Total

$

395,075

$

882,621

$

1,006,291

$

1,236,962

$

110,556

$

756,438

$

3,269,837

$

7,657,780

Gross charge-offs

$

$

$

$

$

$

$

$

Consumer loans

Pass

$

15,361,842

$

2,086,467

$

$

$

$

23,441

$

$

17,471,750

Special mention

 

 

 

 

 

 

 

 

Substandard

 

 

 

 

 

 

 

 

Doubtful

 

 

 

 

 

 

 

 

Total

$

15,361,842

$

2,086,467

$

$

$

$

23,441

$

$

17,471,750

Gross charge-offs

$

$

$

$

$

$

$

$

Schedule of loan portfolio aging analysis

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Greater

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

30-59 Days

60-89 Days

Than

Total

  ​ ​ ​

Past Due

  ​ ​ ​

Past Due

  ​ ​ ​

90 Days

  ​ ​ ​

Past Due

  ​ ​ ​

Current

  ​ ​ ​

Total

March 31, 2026

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Mortgage loans on real estate:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Single family

$

86,817

$

$

$

86,817

$

41,606,691

$

41,693,508

Multifamily and nonresidential

 

 

 

 

 

22,329,275

 

22,329,275

Construction and land

 

 

 

 

 

2,235,527

 

2,235,527

Second mortgage

 

 

 

 

 

3,024,119

 

3,024,119

Commercial

 

 

 

 

 

7,267,327

 

7,267,327

Consumer

 

 

 

 

 

15,689,905

 

15,689,905

Total

$

86,817

$

$

$

86,817

$

92,152,844

$

92,239,661

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Greater

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

30-59 Days

60-89 Days

Than

Total

  ​ ​ ​

Past Due

  ​ ​ ​

Past Due

  ​ ​ ​

90 Days

  ​ ​ ​

Past Due

  ​ ​ ​

Current

  ​ ​ ​

Total

December 31, 2025

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Mortgage loans on real estate:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Single family

$

85,171

$

31,772

$

2,213

$

119,156

$

41,109,477

$

41,228,633

Multifamily and nonresidential

 

 

 

 

 

21,432,455

 

21,432,455

Construction and land

 

 

 

 

 

2,652,831

 

2,652,831

Second mortgage

 

 

 

 

 

2,772,340

 

2,772,340

Commercial

 

 

 

 

 

7,657,780

 

7,657,780

Consumer

 

 

 

 

 

17,471,750

 

17,471,750

Total

$

85,171

$

31,772

$

2,213

$

119,156

$

93,096,633

$

93,215,789

Schedule of nonaccrual loans

  ​ ​ ​

March 31, 2026

  ​ ​ ​

December 31, 2025

Single family

$

94,780

$

104,146

Multifamily and nonresidential

 

 

Total

$

94,780

$

104,146