Financial Transactions with Off-Balance-Sheet Risk and Concentrations of Credit Risk (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedules of Concentration of Risk, by Risk Factor

At December 31, 2023 and 2022, the following commitments existed which are not reflected in the Consolidated Statements of Financial Condition:

	December 31,
	2023		2022
	(In thousands)
Loan commitments:
Residential real estate	$	12,298	$	55,852
Multifamily real estate	—		50,175
Commercial real estate	7,203		17,621
Commercial business	23,217		24,846
Construction	54,082		100,430
Consumer including home equity loans and advances	5,317		5,477
Total loan commitments	$	102,117	$	254,401

Schedule of Fair Value, off-Balance-Sheet Risks

The following table presents the activity in the allowance for credit losses on off-balance-sheet exposures for years ended December 31, 2023and 2022:

	December 31,
	2023		2022
	(In thousands)		(In thousands)
Allowance for Credit Losses:
Beginning balance	$	6,970	$	524
Impact of adopting ASU 2016-13 ("CECL") effective January 1, 2022	—		7,674
(Reversal of) provision for credit losses	(1,486)		(1,228)
Balance at end of period	$	5,484	$	6,970