LOANS

Schedule of loans to customers

The following tables present the loans to customers as of March 31, 2026 and December 31, 2025, based on year of origination within each credit quality indicator:


		At March 31, 2026
																							Revolving
																							Loans
																							Converted
																				Revolving			to Term
																				Loans			Loans
																				Amortized			Amortized
		2026			2025			2024			2023			2022			Prior			Cost Basis			Cost Basis			Total
Mortgage loans on real estate:
One-to-four-family first lien residential:
Pass		$	2,146		$	1,310		$	3,446		$	9,103		$	15,802		$	59,552		$	—		$	—		$	91,359
Non-Performing			—			—			—			287			240			415			—			—			942
Total			2,146			1,310			3,446			9,390			16,042			59,967			—			—			92,301
Current period gross write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Current period recoveries			—			—			—			—			—			—			—			—			—
Current period net write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

Residential construction:
Pass		$	—		$	2,188		$	—		$	—		$	112		$	138		$	—		$	—		$	2,438
Total			—			2,188			—			—			112			138			—			—			2,438
Current period gross write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Current period recoveries			—			—			—			—			—			—			—			—			—
Current period net write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

Home equity loans and lines of credit:
Pass		$	260		$	273		$	629		$	—		$	—		$	58		$	15,305		$	231		$	16,756
Non-Performing			—			—			—			—			—			—			—			32			32
Total			260			273			629			—			—			58			15,305			263			16,788
Current period gross write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Current period recoveries			—			—			—			—			—			—			—			—			—
Current period net write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

Commercial:
Pass		$	8,003		$	31,197		$	9,756		$	12,927		$	6,308		$	22,691		$	—		$	—		$	90,882
Special Mention			—			—			—			—			—			576			—			—			576
Substandard			335			—			1,218			735			115			1,007			—			—			3,410
Total			8,338			31,197			10,974			13,662			6,423			24,274			—			—			94,868
Current period gross write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Current period recoveries			—			—			—			—			—			—			—			—			—
Current period net write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

Commercial and Industrial:
Pass		$	1,008		$	8,303		$	4,788		$	3,391		$	1,873		$	4,363		$	—		$	—		$	23,726
Total			1,008			8,303			4,788			3,391			1,873			4,363			—			—			23,726
Current period gross write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Current period recoveries			—			—			—			—			—			—			—			—			—
Current period net write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

Consumer:
Pass		$	196		$	662		$	1,667		$	519		$	812		$	93		$	73		$	1		$	4,023
Total			196			662			1,667			519			812			93			73			1			4,023
Current period gross write-offs		$	—		$	(32)		$	(6)		$	—		$	—		$	—		$	—		$	—		$	(38)
Current period recoveries			—			1			2			1			—			—			—			—			4
Current period net write-offs		$	—		$	(31)		$	(4)		$	1		$	—		$	—		$	—		$	—		$	(34)


		At December 31, 2025
																							Revolving
																							Loans
																							Converted
																				Revolving			to Term
																				Loans			Loans
																				Amortized			Amortized
		2025			2024			2023			2022			2021			Prior			Cost Basis			Cost Basis			Total
Mortgage loans on real estate:
One-to-four-family first lien residential:
Pass		$	2,384		$	2,712		$	9,936		$	16,704		$	10,643		$	49,857		$	—		$	—		$	92,236
Non-Performing			45			—			287			68			—			370			—			—			770
Total			2,429			2,712			10,223			16,772			10,643			50,227			—			—			93,006
Current period gross write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Current period recoveries			—			—			—			—			—			—			—			—			—
Current period net write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

Residential construction:
Pass		$	2,190		$	750		$	—		$	113		$	—		$	143		$	—		$	—		$	3,196
Total			2,190			750			—			113			—			143			—			—			3,196
Current period gross write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Current period recoveries			—			—			—			—			—			—			—			—			—
Current period net write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

Home equity loans and lines of credit:
Pass		$	278		$	636		$	—		$	—		$	—		$	60		$	14,682		$	233		$	15,889
Non-Performing			—			—			—			—			—			—			—			32			32
Total			278			636			—			—			—			60			14,682			265			15,921
Current period gross write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Current period recoveries			—			—			—			—			—			—			—			—			—
Current period net write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

Commercial:
Pass		$	31,612		$	8,687		$	12,995		$	7,331		$	6,581		$	16,919		$	—		$	—		$	84,125
Special Mention			—			576			—			—			—			—			—			—			576
Substandard			—			1,221			735			—			—			1,297			—			—			3,253
Total			31,612			10,484			13,730			7,331			6,581			18,216			—			—			87,954
Current period gross write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Current period recoveries			—			—			—			—			—			—			—			—			—
Current period net write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

Commercial and Industrial:
Pass		$	8,179		$	4,619		$	3,260		$	1,827		$	1,554		$	2,298		$	—		$	—		$	21,737
Special Mention			31			288			94			93			—			—			—			—			506
Total			8,210			4,907			3,354			1,920			1,554			2,298			—			—			22,243
Current period gross write-offs		$	—		$	—		$	(652)		$	(7)		$	(4)		$	(16)		$	—		$	—		$	(679)
Current period recoveries			—			—			—			—			—			2			—			—			2
Current period net write-offs		$	—		$	—		$	(652)		$	(7)		$	(4)		$	(14)		$	—		$	—		$	(677)

Consumer:
Pass		$	711		$	1,788		$	731		$	909		$	1		$	116		$	92		$	1		$	4,349
Total			711			1,788			731			909			1			116			92			1			4,349
Current period gross write-offs		$	—		$	(28)		$	(9)		$	—		$	—		$	(2)		$	—		$	—		$	(39)
Current period recoveries			—			—			5			—			—			1			—			—			6
Current period net write-offs		$	—		$	(28)		$	(4)		$	—		$	—		$	(1)		$	—		$	—		$	(33)

Schedule of nonaccrual loans, segregated by class of loan


		At March 31, 2026
					Nonaccrual
					loans
					without
					related
					allowance
					for			Recognized
		Nonaccrual			credit			interest
(In thousands)		loans			losses			income
Mortgage loans on real estate:
One-to four-family first lien residential		$	942		$	415		$	—
Residential construction			—			—			—
Home equity loans and lines of credit			—			—			—
Commercial			1,579			1,579			—
Commercial and industrial			—			—			—
Consumer loans			—			—			—
Total nonaccrual loans		$	2,521		$	1,994		$	—


		At December 31, 2025
					Nonaccrual
					loans
					without
					related
					allowance
					for			Recognized
		Nonaccrual			credit			interest
(In thousands)		loans			losses			income
Mortgage loans on real estate:
One-to four-family first lien residential		$	1,455		$	1,054		$	—
Residential construction			—			—			—
Home equity loans and lines of credit			—			—			—
Commercial			1,578			1,578			6
Commercial and industrial			41			41			—
Consumer loans			—			—			—
Total nonaccrual loans		$	3,074		$	2,673		$	6

Schedule of changes in the allowance for loan losses

Changes in the allowance for credit losses for the three months ended March 31, 2026 and 2025 are as follows:


		At March 31, 2026

		Mortgage			Commercial
		Loans			and
		on Real			Industrial			Consumer
(In thousands)		Estate			Loans			Loans			Unallocated			Total
Allowance for credit losses:
Beginning balance		$	1,169		$	455		$	188		$	103		$	1,915
Charge-offs			—			—			(38)			—			(38)
Recoveries			—			—			4			—			4
Provision			(8)			94			95			(61)			120
Ending balance		$	1,161		$	549		$	249		$	42		$	2,001


		At March 31, 2025

		Mortgage			Commercial
		Loans			and
		on Real			Industrial			Consumer
(In thousands)		Estate			Loans			Loans			Unallocated			Total
Allowance for credit losses:
Beginning balance		$	1,071		$	372		$	144		$	217		$	1,804
Charge-offs			(10)			(51)			(14)			—			(75)
Recoveries			—			2			1			—			3
Provision			114			225			(10)			(219)			110
Ending balance		$	1,175		$	548		$	121		$	(2)		$	1,842