LOANS

Schedule of loans to customers

The following tables present the loans to customers as of June 30, 2026 and December 31, 2025, based on year of origination within each credit quality indicator:


		At June 30, 2026
																							Revolving
																							Loans
																							Converted
																				Revolving			to Term
																				Loans			Loans
																				Amortized			Amortized
(In thousands)		2026			2025			2024			2023			2022			Prior			Cost Basis			Cost Basis			Total

Mortgage loans on real estate:
One-to-four-family first lien residential:
Pass		$	1,942		$	1,304		$	3,429		$	8,461		$	15,546		$	56,991		$	—		$	—		$	87,673
Non-Performing			—			—			—			398			172			353			—			—			923
Total			1,942			1,304			3,429			8,859			15,718			57,344			—			—			88,596
Current period gross write-offs		$	—		$	—		$	—		$	(90)		$	(19)		$	—		$	—		$	—		$	(109)
Current period recoveries			—			—			—			1			—			—			—			—			1
Current period net write-offs		$	—		$	—		$	—		$	(89)		$	(19)		$	—		$	—		$	—		$	(108)

Residential construction:
Pass		$	1,487		$	2,180		$	—		$	—		$	110		$	132		$	—		$	—		$	3,909
Total			1,487			2,180			—			—			110			132			—			—			3,909
Current period gross write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Current period recoveries			—			—			—			—			—			—			—			—			—
Current period net write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

Home equity loans and lines of credit:
Pass		$	256		$	254		$	522		$	—		$	—		$	56		$	17,389		$	267		$	18,744
Non-Performing			—			—			—			—			—			—			—			122			122
Total			256			254			522			—			—			56			17,389			389			18,866
Current period gross write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Current period recoveries			—			—			—			—			—			—			—			—			—
Current period net write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

Commercial:
Pass		$	10,823		$	31,194		$	10,210		$	12,707		$	6,262		$	22,144		$	—		$	—		$	93,340
Special Mention			—			—			—			—			—			573			—			—			573
Substandard			333			—			1,215			735			115			985			—			—			3,383
Total			11,156			31,194			11,425			13,442			6,377			23,702			—			—			97,296
Current period gross write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Current period recoveries			—			—			—			—			—			—			—			—			—
Current period net write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

Commercial and industrial:
Pass		$	3,494		$	8,312		$	4,343		$	3,222		$	1,318		$	4,132		$	—		$	—		$	24,821
Substandard			—			—			147			—			—			—			—			—			147
Total			3,494			8,312			4,490			3,222			1,318			4,132			—			—			24,968
Current period gross write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Current period recoveries			—			—			—			—			—			1			—			—			1
Current period net write-offs		$	—		$	—		$	—		$	—		$	—		$	1		$	—		$	—		$	1

Consumer:
Pass		$	291		$	559		$	1,534		$	467		$	745		$	70		$	57		$	10		$	3,733
Total			291			559			1,534			467			745			70			57			10			3,733
Current period gross write-offs		$	(9)		$	(33)		$	(8)		$	—		$	—		$	(9)		$	—		$	—		$	(59)
Current period recoveries			—			3			2			1			—			—			—			—			6
Current period net write-offs		$	(9)		$	(30)		$	(6)		$	1		$	—		$	(9)		$	—		$	—		$	(53)


		At December 31, 2025
																							Revolving
																							Loans
																							Converted
																				Revolving			to Term
																				Loans			Loans
																				Amortized			Amortized
(In thousands)		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 June 30, 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		$	978		$	55		$	—
Residential construction			—			—			—
Home equity loans and lines of credit			—			—			—
Commercial			1,578			1,578			—
Commercial and industrial			—			—			—
Consumer loans			—			—			—
Total nonaccrual loans		$	2,556		$	1,633		$	—


		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 June 30, 2026 and 2025 are as follows:


		June 30, 2026

		Mortgage		Commercial
		Loans		and
		on Real		Industrial		Consumer
(In thousands)	* *	Estate		Loans		Loans		Unallocated		Total

Allowance for credit losses:
Beginning balance		$	1,161	$	549	$	249	$	42	$	2,001
Charge-offs			(109)		—		(21)		—		(130)
Recoveries			1		1		2		—		4
(Benefit) Provision			(88)		69		(17)		8		(28)
Ending balance		$	965	$	619		213	$	50	$	1,847


		June 30, 2025

		Mortgage		Commercial
		Loans		and
		on Real		Industrial		Consumer
(In thousands)	* *	Estate		Loans		Loans		Unallocated		Total

Allowance for credit losses:
Beginning balance		$	1,175	$	548	$	121	$	(2)	$	1,842
Charge-offs			—		(601)		(1)		—		(602)
Recoveries			—		—		—		—		—
Provision (Benefit)			38		490		—		(17)		511
Ending balance		$	1,213	$	437		120	$	(19)	$	1,751

Changes in the allowance for credit losses for the six months ended June 30, 2026 and 2025 are as follows:


		June 30, 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			(109)			—			(59)			—			(168)
Recoveries			1			1			6			—			8
(Benefit) Provision			(96)			163			78			(53)			92
Ending balance		$	965		$	619		$	213		$	50		$	1,847


		June 30, 2025

		Mortgage			Commercial
		Loans			and
		on Real			Industrial			Consumer
(In thousands)		Estate			Loans			Loans			Unallocated			Total

Allowance for credit losses:
Beginning balance		$	1,088		$	355		$	144		$	217		$	1,804
Charge-offs			—			(655)			(23)			—			(678)
Recoveries			—			2			2			—			4
Provision (Benefit)			125			735			(3)			(236)			621
Ending balance		$	1,213		$	437		$	120		$	(19)		$	1,751