LOANS (Tables)

9 Months Ended

Sep. 30, 2026

LOANS

Schedule of net loans

(In thousands)	At September 30, 2026		At December 31, 2025
Mortgage loans on real estate:
One-to four-family first lien residential	$	88,891	$	93,006
Residential construction		2,425		3,196
Home equity loans and lines of credit		19,979		15,921
Commercial		95,428		87,954
Total mortgage loans on real estate		206,723		200,077
Commercial and industrial		28,778		22,243
Consumer loans		3,300		4,349
Total loans		238,801		226,669
Allowance for credit losses		(1,882)		(1,915)
Net deferred loan costs		1,105		1,276
Net loans	$	238,024	$	226,030

Schedule of loans to customers

	At September 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	$	3,102	$	2,766	$	3,293	$	8,124	$	15,243	$	55,292	$	—	$	—	$	87,820
Non-Performing		98		—		—		295		172		506		—		—		1,071
Total		3,200		2,766		3,293		8,419		15,415		55,798		—		—		88,891
Current period gross write-offs	$	—	$	—	$	—	$	(153)	$	(19)	$	—	$	—	$	—	$	(172)
Current period recoveries		—		—		—		1		—		—		—		—		1
Current period net write-offs	$	—	$	—	$	—	$	(152)	$	(19)	$	—	$	—	$	—	$	(171)
Residential construction:
Pass	$	1,487	$	701	$	—	$	—	$	109	$	128	$	—	$	—	$	2,425
Total		1,487		701		—		—		109		128		—		—		2,425
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Current period recoveries		—		—		—		—		—		—		—		—		—
Current period net write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Home equity loans and lines of credit:
Pass	$	556	$	249	$	416	$	—	$	—	$	55	$	18,264	$	350	$	19,890
Non-Performing		—		—		—		—		—		—		—		89		89
Total		556		249		416		—		—		55		18,264		439		19,979
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Current period recoveries		—		—		—		—		—		—		—		—		—
Current period net write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial:
Pass	$	12,545	$	31,412	$	7,756	$	12,544	$	6,215	$	21,043	$	—	$	—	$	91,515
Special Mention		—		—		—		—		—		565		—		—		565
Substandard		333		—		1,212		735		114		954		—		—		3,348
Total		12,878		31,412		8,968		13,279		6,329		22,562		—		—		95,428
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Current period recoveries		—		—		—		—		—		—		—		—		—
Current period net write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial and industrial:
Pass	$	8,633	$	7,816	$	4,320	$	2,544	$	1,175	$	4,143	$	—	$	—	$	28,631
Substandard		—		—		147		—		—		—		—		—		147
Total		8,633		7,816		4,467		2,544		1,175		4,143		—		—		28,778
Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	(1)	$	—	$	—	$	(1)
Current period recoveries		—		—		—		—		—		1		—		—		1
Current period net write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer:
Pass	$	349	$	489	$	1,288	$	389	$	89	$	617	$	67	$	—	$	3,288
Non-Performing		—		10		—		2		—		—		—		—		12
Total		349		499		1,288		391		89		617		67		—		3,300
Current period gross write-offs	$	(9)	$	(33)	$	(11)	$	—	$	—	$	(9)	$	—	$	—	$	(62)
Current period recoveries		—		3		4		1		—		—		—		—		8
Current period net write-offs	$	(9)	$	(30)	$	(7)	$	1	$	—	$	(9)	$	—	$	—	$	(54)

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

	At September 30, 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	$	2,334	$	448	$	700	$	3,482	$	85,409	$	88,891
Residential construction		—		—		—		—		2,425		2,425
Home equity loans and lines of credit		—		41		89		130		19,849		19,979
Commercial		666		—		1,408		2,074		93,354		95,428
Total mortgage loans on real estate		3,000		489		2,197		5,686		201,037		206,723
Commercial and industrial		35		—		147		182		28,596		28,778
Consumer loans		7		66		12		85		3,215		3,300
Total loans	$	3,042	$	555	$	2,356	$	5,953	$	232,848	$	238,801

	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 September 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	$	1,071	$	1,071	$	—
Residential construction		—		—		—
Home equity loans and lines of credit		—		—		—
Commercial		2,076		2,076		—
Commercial and industrial		147		—		—
Consumer loans		12		—		—
Total nonaccrual loans	$	3,306	$	3,147	$	—

	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 September 30, 2026
(In thousands)	Amortized cost		Collateral type
Real estate:
Residential one-to four-family	$	712	Residential real estate property
Home equity line of credit		89	Residential real estate property
Commercial real estate		3,913	Commercial real estate property
Total real estate	$	4,714
Commercial and industrial loans	$	147	Commercial business assets
Total commercial and industrial	$	147

	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 September 30, 2026 and 2025 are as follows:

	September 30, 2026
	Mortgage		Commercial
	Loans		and
	on Real		Industrial		Consumer
(In thousands)	Estate		Loans		Loans		Unallocated		Total
Allowance for credit losses:
Beginning balance	$	965	$	619	$	213	$	50	$	1,847
Charge-offs		(63)		(1)		(3)		—		(67)
Recoveries		—		—		2		—		2
(Benefit) Provision		(6)		32		79		(5)		100
Ending balance	$	896	$	650		291	$	45	$	1,882

	September 30, 2025
	Mortgage		Commercial
	Loans		and
	on Real		Industrial		Consumer
(In thousands)	Estate		Loans		Loans		Unallocated		Total
Allowance for credit losses:
Beginning balance	$	1,196	$	454	$	120	$	(19)	$	1,751
Charge-offs		—		(24)		(16)		—		(40)
Recoveries		—		—		3		—		3
Provision (Benefit)		68		(23)		(1)		36		80
Ending balance	$	1,264	$	407		106	$	17	$	1,794

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

	September 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		(172)		(1)		(62)		—		(235)
Recoveries		1		1		8		—		10
(Benefit) Provision		(102)		195		157		(58)		192
Ending balance	$	896	$	650	$	291	$	45	$	1,882

	September 30, 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		—		(679)		(39)		—		(718)
Recoveries		—		2		5		—		7
Provision (Benefit)		193		712		(4)		(200)		701
Ending balance	$	1,264	$	407	$	106	$	17	$	1,794

Schedule of loans to directors and officers

	At September 30,		At December 31,
(In thousands)	2026		2025
Balance, beginning of period	$	851	$	780
Proceeds		43		300
Payments		(190)		(229)
Balance, end of period	$	704	$	851