v3.26.1
Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2026
Allowance for Credit Losses [Abstract]  
Financing Receivable, Past Due [Table Text Block] The table below summarizes the amortized cost (excluding accrued interest receivable) by payment status for mortgage loans at June 30, 2026 and December 31, 2025 (dollars in thousands).
June 30, 2026
Conventional Loans Originated
 Prior to 2022		Conventional Loans Originated
 in 2022-2026		Total Conventional Loans
Government-
Guaranteed/
Insured Loans (1)
Total
Mortgage loans:
30-59 days delinquent$32,931 $50,150 $83,081$68$83,149
60-89 days delinquent9,695 22,146 31,8415231,893
90 days or more delinquent16,024 20,736 36,760836,768
Total past due58,650 93,032 151,682128151,810
Total current loans2,158,012 4,606,676 6,764,6882,8836,767,571
Total mortgage loans$2,216,662 $4,699,708 $6,916,370$3,011$6,919,381
December 31, 2025
Conventional Loans Originated
 Prior to 2021		Conventional Loans Originated
 in 2021-2025		Total Conventional Loans
Government-
Guaranteed/
Insured Loans (1)
Total
Mortgage loans:
30-59 days delinquent$21,469 $57,423 $78,892$189$79,081
60-89 days delinquent6,327 17,258 23,5852123,606
90 days or more delinquent9,176 23,724 32,900—32,900
Total past due36,972 98,405 135,377210135,587
Total current loans1,324,751 5,099,998 6,424,7493,3496,428,098
Total mortgage loans$1,361,723 $5,198,403 $6,560,126$3,559$6,563,685
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(1)All of the Bank's government-guaranteed/insured loans were originated in years prior to 2004.

The table below summarizes other delinquency statistics for mortgage loans at June 30, 2026 and December 31, 2025 (dollars in thousands).
June 30, 2026December 31, 2025
Total Conventional LoansGovernment-
Guaranteed/
Insured Loans		TotalTotal Conventional LoansGovernment-
Guaranteed/
Insured Loans		Total
In process of foreclosure (1)
$4,632$—$4,632$2,161$—$2,161
Serious delinquency rate (2)
0.5 %0.3 %0.5 %0.5 %— %0.5 %
Past due 90 days or more and still accruing interest (3)
$—$8$8$—$—$—
Nonaccrual loans (4)
$47,443$—$47,443$43,692$—$43,692
_____________________________
(1)Includes loans where the decision of foreclosure or similar alternative such as pursuit of deed-in-lieu has been made.
(2)Loans that are 90 days or more past due or in the process of foreclosure expressed as a percentage of the loan portfolio.
(3)Only government-guaranteed/insured mortgage loans continue to accrue interest after they become 90 days or more past due.
(4)The Bank did not have any specific allowance for credit losses on nonaccrual loans at June 30, 2026 or December 31, 2025.
AllowanceForCreditLossesOnFinancingReceivablesTableTextBlockConventional Mortgages
The following table presents the activity in the allowance for credit losses on conventional mortgage loans held for portfolio during the three and six months ended June 30, 2026 and 2025 (in thousands):
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Balance, beginning of period$8,673 $7,590 $8,554 $7,187 
Provision (reversal) for credit losses818 (233)937 170 
Balance, end of period$9,491 $7,357 $9,491 $7,357 
AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_SBB
The following table presents the activity in the allowance for credit losses on SBB loans during the three and six months ended June 30, 2026 and 2025 (in thousands):
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Balance, beginning of period$2,093 $1,802 $2,094 $1,795 
Charge-offs— — (7)(57)
Provision for credit losses19 19 25 83 
Balance, end of period$2,112 $1,821 $2,112 $1,821 
AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_Canopy
The following table presents the activity in the allowance for credit losses on CANOPY loans during the three and six months ended June 30, 2026 and 2025 (in thousands):
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Balance, beginning of period$5,849 $4,009 $5,849 $2,312 
Provision for credit losses— 1,840 — 3,537 
Balance, end of period$5,849 $5,849 $5,849 1$5,849