XML 31 R24.htm IDEA: XBRL DOCUMENT v3.25.1
Subsequent Events
3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events

(15) SUBSEQUENT EVENTS

On April 30, 2025, the Bank closed a sale of $52.8 million in Recreation loans held for sale. The total proceeds received, which reflected a sales price at a premium and accrued but unpaid interest, were $55.9 million. The sale was structured as a 90/10 loan participation on a pool of $58.6 million in loans, $5.9 million of which were retained by the Bank. Loan servicing was also retained by the Bank.

The Company has evaluated the effects of events that have occurred subsequent to March 31, 2025 through the date of financial statement issuance for potential recognition or disclosure. As of such date there were no additional subsequent events that required recognition or disclosure.