XML 38 R27.htm IDEA: XBRL DOCUMENT v3.26.1
LOANS (Tables)
3 Months Ended
Mar. 31, 2026
LOANS  
Schedule of net loans

  ​ ​ ​

(In thousands)

At March 31, 2026

  ​ ​ ​

At December 31, 2025

Mortgage loans on real estate:

 

  ​

 

  ​

One-to four-family first lien residential

$

92,301

$

93,006

Residential construction

 

2,438

 

3,196

Home equity loans and lines of credit

 

16,788

 

15,921

Commercial

 

94,868

 

87,954

Total mortgage loans on real estate

 

206,395

 

200,077

Commercial and industrial

 

23,726

 

22,243

Consumer loans

 

4,023

 

4,349

Total loans

 

234,144

 

226,669

Allowance for credit losses

 

(2,001)

 

(1,915)

Net deferred loan costs

 

1,191

 

1,276

Net loans

$

233,334

$

226,030

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 age analysis of past due loans, segregated by class of loans

  ​ ​ ​

At March 31, 2026

30-59 Days

60-89 Days

90 Days

Total Past-

Total Loans

(In thousands)

  ​ ​ ​

Past-Due

  ​ ​ ​

Past-Due

  ​ ​ ​

Past-Due

  ​ ​ ​

Due

  ​ ​ ​

Current

  ​ ​ ​

Receivable

Mortgage loans on real estate:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

One-to four-family first lien residential

$

2,935

$

646

$

942

$

4,523

$

87,778

$

92,301

Residential construction

 

 

 

 

 

2,438

 

2,438

Home equity loans and lines of credit

 

394

 

89

 

32

 

515

 

16,273

 

16,788

Commercial

 

323

 

 

1,579

 

1,902

 

92,966

 

94,868

Total mortgage loans on real estate

 

3,652

 

735

 

2,553

 

6,940

 

199,455

 

206,395

Commercial and industrial

 

8

 

 

 

8

 

23,718

 

23,726

Consumer loans

 

114

 

9

 

 

123

 

3,900

 

4,023

Total loans

$

3,774

$

744

$

2,553

$

7,071

$

227,073

$

234,144

  ​ ​ ​

At December 31, 2025

30-59 Days

60-89 Days

90 Days

Total Past-

Total Loans

(In thousands)

  ​ ​ ​

Past-Due

  ​ ​ ​

Past-Due

  ​ ​ ​

Past-Due

  ​ ​ ​

Due

  ​ ​ ​

Current

  ​ ​ ​

Receivable

Mortgage loans on real estate:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

One-to four-family first lien residential

$

2,310

$

297

$

770

$

3,377

$

89,629

$

93,006

Residential construction

 

 

 

 

 

3,196

 

3,196

Home equity loans and lines of credit

 

139

 

53

 

32

 

224

 

15,697

 

15,921

Commercial

 

314

 

735

 

843

 

1,892

 

86,062

 

87,954

Total mortgage loans on real estate

 

2,763

 

1,085

 

1,645

 

5,493

 

194,584

 

200,077

Commercial and industrial

 

33

 

 

 

33

 

22,210

 

22,243

Consumer loans

 

42

 

3

 

 

45

 

4,304

 

4,349

Total loans

$

2,838

$

1,088

$

1,645

$

5,571

$

221,098

$

226,669

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 collateral-dependent loans

At March 31, 2026

(In thousands)

  ​ ​ ​

Amortized cost

  ​ ​ ​

Collateral type

Real estate:

Residential one-to four-family

$

942

 

Residential real estate property

Home equity line of credit

 

32

 

Residential real estate property

Commercial real estate

 

1,579

 

Commercial real estate property

Total real estate

$

2,553

 

  ​

At December 31, 2025

(In thousands)

  ​ ​ ​

Amortized cost

  ​ ​ ​

Collateral type

Real estate:

Residential one-to four-family

$

725

 

Residential real estate property

Home equity line of credit

 

32

 

Residential real estate property

Commercial real estate

 

1,590

 

Commercial real estate property

Total real estate

$

2,347

 

  ​

Commercial and industrial loans

$

41

 

Commercial business assets

Total commercial and industrial

$

41

 

  ​

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

Schedule of loans to directors and officers

At March 31, 

At December 31, 

2026

2025

  ​ ​ ​

  ​ ​ ​

Balance, beginning of period

$

851

$

780

Proceeds

 

16

 

300

Payments

 

(67)

 

(229)

Balance, end of period

$

800

$

851