| Summary of composition of loans |
| | | | | | | | | | June 30, | | December 31, | | | | 2026 | | 2025 | | | | | (In Thousands) | | Residential real estate: | | | | | | | | One-to-four family | | $ | 3,046 | | $ | 3,114 | | Multi-family | | | 301,628 | | | 306,508 | | Mixed-use | | | 24,997 | | | 25,197 | | Total residential real estate | | | 329,671 | | | 334,819 | | Non-residential real estate | | | 36,247 | | | 38,463 | | Construction | | | 1,403,562 | | | 1,336,329 | | Commercial and industrial | | | 150,394 | | | 150,397 | | Consumer | | | 34 | | | 58 | | Total Loans | | | 1,919,908 | | | 1,860,066 | | Deferred loan (fees) costs, net | | | (149) | | | 268 | | Allowance for credit losses | | | (4,752) | | | (4,731) | | | | $ | 1,915,007 | | $ | 1,855,603 | |
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| Schedule of analysis of the activity in the allowance for loan losses |
| | | | | | | | | | | | | | | | | | | | | | | | Non- | | | | | Commercial | | | | | | | | | Residential | | residential | | | | | and | | | | | | | | | Real Estate | | Real Estate | | Construction | | Industrial | | Consumer | | Total | | | | (In Thousands) | Allowance for credit losses: | | | | | | | | | | | | | | | | | | | Balance -March 31, 2026 | | $ | 1,520 | | $ | 264 | | $ | 2,015 | | $ | 756 | | $ | 37 | | $ | 4,592 | Charge-offs | | | — | | | — | | | — | | | (500) | | | (20) | | | (520) | Recoveries | | | — | | | — | | | — | | | — | | | — | | | — | Provision (reversal of) | | | 27 | | | (26) | | | 173 | | | 489 | | | 17 | | | 680 | Balance -June 30, 2026 | | $ | 1,547 | | $ | 238 | | $ | 2,188 | | $ | 745 | | $ | 34 | | $ | 4,752 | | | | | | | | | | | | | | | | | | | | | | | | | Non- | | | | | Commercial | | | | | | | | | Residential | | residential | | | | | and | | | | | | | | | Real Estate | | Real Estate | | Construction | | Industrial | | Consumer | | Total | | | | (In Thousands) | Allowance for credit losses: | | | | | | | | | | | | | | | | | | | Balance -March 31, 2025 | | $ | 2,224 | | $ | 271 | | $ | 1,716 | | $ | 606 | | $ | 310 | | $ | 5,127 | Charge-offs | | | — | | | — | | | — | | | — | | | (485) | | | (485) | Recoveries | | | — | | | — | | | — | | | — | | | 82 | | | 82 | Provision (reversal of) | | | (245) | | | (42) | | | 76 | | | 71 | | | 140 | | | — | Balance -June 30, 2025 | | $ | 1,979 | | $ | 229 | | $ | 1,792 | | $ | 677 | | $ | 47 | | $ | 4,724 |
| | | | | | | | | | | | | | | | | | | | | | | | Non- | | | | | Commercial | | | | | | | | | Residential | | residential | | | | | and | | | | | | | | | Real Estate | | Real Estate | | Construction | | Industrial | | Consumer | | Total | | | | (In Thousands) | Allowance for credit losses: | | | | | | | | | | | | | | | | | | | Balance - December 31, 2025 | | $ | 1,646 | | $ | 249 | | $ | 2,035 | | $ | 743 | | $ | 58 | | $ | 4,731 | Charge-offs | | | — | | | — | | | — | | | (500) | | | (47) | | | (547) | Recoveries | | | — | | | — | | | — | | | — | | | — | | | — | Provision (reversal of) | | | (99) | | | (11) | | | 153 | | | 502 | | | 23 | | | 568 | Balance -June 30, 2026 | | $ | 1,547 | | $ | 238 | | $ | 2,188 | | $ | 745 | | $ | 34 | | $ | 4,752 | | | | | | | | | | | | | | | | | | | | | | | | | Non- | | | | | Commercial | | | | | | | | | Residential | | residential | | | | | and | | | | | | | | | Real Estate | | Real Estate | | Construction | | Industrial | | Consumer | | Total | | | | (In Thousands) | Allowance for credit losses: | | | | | | | | | | | | | | | | | | | Balance - December 31, 2024 | | $ | 1,900 | | $ | 308 | | $ | 1,937 | | $ | 520 | | $ | 165 | | $ | 4,830 | Charge-offs | | | — | | | — | | | — | | | — | | | (602) | | | (602) | Recoveries | | | — | | | 350 | | | — | | | — | | | 84 | | | 434 | Provision (reversal of) | | | 79 | | | (429) | | | (145) | | | 157 | | | 400 | | | 62 | Balance - June 30, 2025 | | $ | 1,979 | | $ | 229 | | $ | 1,792 | | $ | 677 | | $ | 47 | | $ | 4,724 |
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| Schedule of age analysis of past due loans |
Age Analysis of Past Due Loans as of June 30, 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 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 3,046 | | $ | 3,046 | | $ | — | Multi-family | | | — | | | — | | | — | | | — | | | 301,628 | | | 301,628 | | | — | Mixed-use | | | — | | | — | | | — | | | — | | | 24,997 | | | 24,997 | | | — | Non-residential real estate | | | — | | | — | | | — | | | — | | | 36,247 | | | 36,247 | | | — | Construction loans | | | — | | | — | | | — | | | — | | | 1,403,562 | | | 1,403,562 | | | — | Commercial and industrial loans | | | — | | | — | | | — | | | — | | | 150,394 | | | 150,394 | | | — | Consumer | | | — | | | — | | | — | | | — | | | 34 | | | 34 | | | — | | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 1,919,908 | | $ | 1,919,908 | | $ | — |
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 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Line of Credit | | Line of Credit | | | | | Term Loans Amortized Costs Basis by Origination Year | | Loans | | Loans | | | | | | | | | | | | | | | | | | Amortized | | Converted | | | June 30, 2026 | | | 2026 | | 2025 | | 2024 | | 2023 | | 2022 | | Prior | | Cost Basis | | to Term | | Total | Residential real estate | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | Pass | | $ | - | $ | 140,791 | $ | 11,931 | $ | 57,956 | $ | 63,928 | $ | 55,065 | $ | - | $ | - | $ | 329,671 | Special Mention | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Substandard | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Doubtful | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | $ | - | $ | 140,791 | $ | 11,931 | $ | 57,956 | $ | 63,928 | $ | 55,065 | $ | - | $ | - | $ | 329,671 | | | | | | | | | | | | | | | | | | | | | Residential real estate | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | | | | | | | | | | | | | | | | | | | | | Non-residential real estate | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | Pass | | $ | - | $ | 10,918 | $ | 13,501 | $ | 1,511 | $ | 231 | $ | 10,086 | $ | - | $ | - | $ | 36,247 | Special Mention | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Substandard | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Doubtful | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | $ | - | $ | 10,918 | $ | 13,501 | $ | 1,511 | $ | 231 | $ | 10,086 | $ | - | $ | - | $ | 36,247 | | | | | | | | | | | | | | | | | | | | | Non-residential real estate | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | | | | | | | | | | | | | | | | | | | | | Construction | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | Pass | | $ | 320,854 | $ | 513,778 | $ | 222,068 | $ | 181,705 | $ | 96,758 | $ | 54,526 | $ | - | $ | - | $ | 1,389,689 | Special Mention | | | - | | - | | - | | - | | - | | 13,873 | | - | | - | | 13,873 | Substandard | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Doubtful | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | $ | 320,854 | $ | 513,778 | $ | 222,068 | $ | 181,705 | $ | 96,758 | $ | 68,399 | $ | - | $ | - | $ | 1,403,562 | | | | | | | | | | | | | | | | | | | | | Construction | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | Pass | | $ | 92 | $ | 6,354 | $ | 3,907 | $ | 1,236 | $ | 4,260 | $ | 1,365 | $ | 126,785 | $ | 2,824 | $ | 146,823 | Special Mention | | | - | | - | | 1,571 | | 2,000 | | - | | - | | - | | - | | 3,571 | Substandard | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Doubtful | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | $ | 92 | $ | 6,354 | $ | 5,478 | $ | 3,236 | $ | 4,260 | $ | 1,365 | $ | 126,785 | $ | 2,824 | $ | 150,394 | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | $ | - | $ | - | $ | - | $ | 500 | $ | - | $ | - | $ | - | $ | - | $ | 500 | | | | | | | | | | | | | | | | | | | | | Consumer | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | Pass | | $ | 34 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 34 | Special Mention | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Substandard | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Doubtful | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | $ | 34 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 34 | | | | | | | | | | | | | | | | | | | | | Consumer | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | $ | 47 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 47 | | | | | | | | | | | | | | | | | | | | | Total | | | | | | | | | | | | | | | | | | | | Risk Rating | | | | | | | | | | | | | | | | | | | | Pass | | $ | 320,980 | $ | 671,841 | $ | 251,407 | $ | 242,408 | $ | 165,177 | $ | 121,042 | $ | 126,785 | $ | 2,824 | $ | 1,902,464 | Special Mention | | | - | | - | | 1,571 | | 2,000 | | - | | 13,873 | | - | | - | | 17,444 | Substandard | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Doubtful | | | - | | - | | - | | - | | - | | - | | - | | - | | - | Total | | $ | 320,980 | $ | 671,841 | $ | 252,978 | $ | 244,408 | $ | 165,177 | $ | 134,915 | $ | 126,785 | $ | 2,824 | $ | 1,919,908 | Total | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs | | $ | 47 | $ | - | $ | - | $ | 500 | $ | - | $ | - | $ | - | $ | - | $ | 547 |
The following table presents the risk category of loans at December 31, 2025 by loan segment and vintage year: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Line of Credit | | Line of Credit | | | | | 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 | | | | | | | | | | | | | | | | | | | | |
|