v3.26.1
Loans (Tables)
6 Months Ended
Jun. 30, 2026
Loans  
Schedule of composition of loans by class

June 30, 

December 31, 

2026

2025

(In thousands)

Real estate:

 

  ​

  ​

Multifamily

$

395,886

$

372,800

Commercial real estate

 

133,096

 

107,293

1 – 4 family

8,959

9,835

Total real estate

 

537,941

 

489,928

Commercial

 

1,337,108

 

1,245,555

Consumer

 

26,756

 

22,762

Total loans held for investment

1,901,805

1,758,245

Deferred fees and unearned premiums, net

 

466

 

182

Allowance for credit losses

 

(24,724)

 

(24,022)

Loans held for investment, net

$

1,877,547

$

1,734,405

Schedule of activity in the allowance for credit losses by class

  ​ ​ ​

Commercial

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Multifamily

Real Estate

14 Family

Commercial

Consumer

Total

(In thousands)

June 30, 2026

Allowance for credit losses:

Beginning balance

$

4,520

$

836

$

30

$

16,990

$

1,164

$

23,540

Provision (credit) for credit losses

1,663

161

(1)

848

229

2,900

Recoveries

1

1

Loans charged-off

(1,572)

(145)

(1,717)

Total ending allowance balance

$

4,611

$

997

$

29

$

17,838

$

1,249

$

24,724

June 30, 2025

Allowance for credit losses:

Beginning balance

$

4,207

$

663

$

45

$

13,828

$

718

$

19,461

Provision (credit) for credit losses

1,114

18

(8)

2,332

69

3,525

Recoveries

6

6

Loans charged-off

(308)

(3,250)

(27)

(3,585)

Total ending allowance balance

$

5,013

$

681

$

37

$

12,910

$

766

$

19,407

  ​ ​ ​

Commercial

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Multifamily

Real Estate

14 Family

Commercial

Consumer

Total

(In thousands)

June 30, 2026

Allowance for credit losses:

Beginning balance

$

6,026

$

795

$

35

$

16,285

$

881

$

24,022

Provision (credit) for credit losses

3,333

202

(6)

1,553

518

5,600

Recoveries

2

2

Loans charged-off

(4,748)

(152)

(4,900)

Total ending allowance balance

$

4,611

$

997

$

29

$

17,838

$

1,249

$

24,724

June 30, 2025

Allowance for credit losses:

Beginning balance

$

5,116

$

691

$

52

$

14,283

$

837

$

20,979

Provision (credit) for credit losses

3,145

(10)

64

1,877

(51)

5,025

Recoveries

25

25

Loans charged-off

(3,248)

(79)

(3,250)

(45)

(6,622)

Total ending allowance balance

$

5,013

$

681

$

37

$

12,910

$

766

$

19,407

Schedule of the aging of the recorded investment in past due loans by class

Total Past

30-59

60-89

90 Days

Due &

Days

Days

or More

Nonaccrual

Nonaccrual

Loans Not

  ​ ​ ​

Past Due

  ​ ​ ​

Past Due

  ​ ​ ​

Past Due

  ​ ​ ​

Loans

  ​ ​ ​

Loans

  ​ ​ ​

Past Due

  ​ ​ ​

Total

(In thousands)

June 30, 2026

Multifamily

$

$

$

$

4,400

$

4,400

$

391,486

$

395,886

Commercial real estate

133,096

133,096

1 – 4 family

8,959

8,959

Commercial

736

736

1,336,372

1,337,108

Consumer

4

9

5

18

26,738

26,756

Total

$

4

$

9

$

5

$

5,136

$

5,154

$

1,896,651

$

1,901,805

Total Past

30-59

60-89

90 Days

Due &

Days

Days

or More

Nonaccrual

Nonaccrual

Loans Not

  ​ ​ ​

Past Due

  ​ ​ ​

Past Due

  ​ ​ ​

Past Due

  ​ ​ ​

Loans

  ​ ​ ​

Loans

  ​ ​ ​

Past Due

  ​ ​ ​

Total

(In thousands)

December 31, 2025

Multifamily

$

$

$

$

7,836

$

7,836

$

364,964

$

372,800

Commercial real estate

107,293

107,293

1 – 4 family

9,835

9,835

Commercial

736

736

1,244,819

1,245,555

Consumer

12

7

19

22,743

22,762

Total

$

12

$

$

7

$

8,572

$

8,591

$

1,749,654

$

1,758,245

Schedule of credit risk profile of loans, net of deferred fees and unearned premium, by internally assigned grade for non-revolving loans

June 30, 2026

2026

2025

2024

2023

2022

2021 and Prior

Revolving

Revolving-Term

Total

(In thousands)

Multifamily:

Pass

$

41,648

$

45,112

$

26,266

$

104,111

$

25,338

$

149,186

$

$

$

391,661

Special Mention

Substandard

4,400

4,400

Doubtful

Total

41,648

45,112

26,266

104,111

25,338

153,586

396,061

Current period gross charge-offs

3,176

1,572

4,748

Commercial real estate:

Pass

27,401

25,428

1,786

2,739

56,004

19,703

133,061

Special Mention

Substandard

Doubtful

Total

27,401

25,428

1,786

2,739

56,004

19,703

133,061

Current period gross charge-offs

1-4 family:

Pass

1,762

7,200

8,962

Special Mention

Substandard

Doubtful

Total

1,762

7,200

8,962

Current period gross charge-offs

Commercial:

Pass

19,007

97,741

40,993

18,034

1,586

836

1,145,189

13,305

1,336,691

Special Mention

Substandard

736

736

Doubtful

Total

19,007

97,741

40,993

18,034

1,586

836

1,145,925

13,305

1,337,427

Current period gross charge-offs

Consumer:

Pass

861

1,232

673

1,937

588

920

15,530

5,019

26,760

Special Mention

Substandard

Doubtful

Total

861

1,232

673

1,937

588

920

15,530

5,019

26,760

Current period gross charge-offs

4

113

35

152

Total:

Pass

88,917

169,513

69,718

126,821

85,278

177,845

1,160,719

18,324

1,897,135

Special Mention

Substandard

4,400

736

5,136

Doubtful

Total loans

$

88,917

$

169,513

$

69,718

$

126,821

$

85,278

$

182,245

$

1,161,455

$

18,324

$

1,902,271

Total current period gross charge-offs

$

$

3,176

$

4

$

113

$

35

$

1,572

$

$

$

4,900

December 31, 2025

2025

2024

2023

2022

2021

2020 and Prior

Revolving

Revolving-Term

Total

(In thousands)

Multifamily:

Pass

$

45,320

$

26,402

$

104,575

$

26,107

$

98,922

$

57,783

$

$

$

359,109

Special Mention

6,019

6,019

Substandard

7,836

7,836

Doubtful

Total

53,156

26,402

104,575

26,107

104,941

57,783

372,964

Current period gross charge-offs

3,275

3,275

Commercial real estate:

Pass

25,648

1,803

2,785

56,556

6,823

13,658

107,273

Special Mention

Substandard

Doubtful

Total

25,648

1,803

2,785

56,556

6,823

13,658

107,273

Current period gross charge-offs

1-4 family:

Pass

1,783

8,058

9,841

Special Mention

Substandard

Doubtful

Total

1,783

8,058

9,841

Current period gross charge-offs

79

79

Commercial:

Pass

115,547

40,222

25,418

6,247

1,154

271

1,046,671

3,036

1,238,566

Special Mention

1,290

4,989

6,279

Substandard

736

736

Doubtful

Total

115,547

40,222

25,418

7,537

1,154

271

1,052,396

3,036

1,245,581

Current period gross charge-offs

3,250(1)

3,250(1)

Consumer:

Pass

2,128

794

2,460

851

974

13,354

2,207

22,768

Special Mention

Substandard

Doubtful

Total

2,128

794

2,460

851

974

13,354

2,207

22,768

Current period gross charge-offs

57

57

Total:

Pass

188,643

69,221

135,238

91,544

106,899

80,744

1,060,025

5,243

1,737,557

Special Mention

1,290

6,019

4,989

12,298

Substandard

7,836

736

8,572

Doubtful

Total loans

$

196,479

$

69,221

$

135,238

$

92,834

$

112,918

$

80,744

$

1,065,750

$

5,243

$

1,758,427

Total current period gross charge-offs

$

$

$

$

57

$

$

3,354

$

3,250(1)

$

$

6,661

(1)Represents a commercial loan to a small business merchant.