Allowance for Credit Losses on Loans and Leases (Tables)

3 Months Ended

Mar. 31, 2025

Credit Loss [Abstract]

Schedule of Activity in the Allowance for Loan and Lease Losses

The following table summarizes activity in the allowance for credit losses on loans and leases for the periods indicated:

	Multi- Family		Commercial Real Estate(1)		One-to-Four Family First Mortgage		Commercial and Industrial		Other		Total
Three Months Ended March 31, 2025
Balance, beginning of period	$	639	$	304	$	39	$	151	$	68	$	1,201
Charge-offs	(80)		(2)		(1)		(34)		(7)		(124)
Recoveries	—		—		—		6		3		9
Provision for (recovery of) credit losses on loans and leases	50		(13)		(1)		44		2		82
Balance, end of period	$	609	$	289	$	37	$	167	$	66	$	1,168
Three Months Ended March 31, 2024
Balance, beginning of period	$	307	$	402	$	47	$	131	$	105	$	992
Charge-offs	(11)		(64)		—		(11)		(5)		(91)
Recoveries	1		—		—		7		2		10
Provision for (recovery of) credit losses on loans and leases	172		144		(5)		26		(33)		304
Balance, end of period	$	469	$	482	$	42	$	153	$	69	$	1,215

(1)Includes Acquisition, Development, and Construction loans.

The following table presents additional information about the Company’s non-accrual loans at March 31, 2025:

	Recorded Investment		Related Allowance
Non-accrual loans with no related allowance:
Multi-family	$	1,563	$	—
Commercial real estate(1)	446		—
One-to-four family first mortgage	67		—
Commercial and Industrial	46		—
Other	1		—
Total non-accrual loans with no related allowance	$	2,123	$	—
Non-accrual loans with an allowance recorded:
Multi-family	$	798	$	100
Commercial real estate(1)	143		35
One-to-four family first mortgage	10		1
Commercial and Industrial	185		53
Other	21		20
Total non-accrual loans with an allowance recorded	$	1,157	$	209
Total non-accrual loans:
Multi-family	$	2,361	$	100
Commercial real estate(1)	589		35
One-to-four family first mortgage	77		1
Commercial and Industrial	231		53
Other	22		20
Total non-accrual loans	$	3,280	$	209

(1)Includes Acquisition, Development, and Construction loans.

The following table presents additional information about the Company’s non-accrual loans at December 31, 2024:

	Recorded Investment		Related Allowance
Non-accrual loans with no related allowance:
Multi-family	$	1,092	$	—
Commercial real estate(1)	429		—
One-to-four family first mortgage	61		—
Commercial and Industrial	51		—
Other	3		—
Total non-accrual loans with no related allowance	$	1,636	$	—
Non-accrual loans with an allowance recorded:
Multi-family	$	663	$	77
Commercial real estate(1)	135		31
One-to-four family first mortgage	9		1
Commercial and Industrial	151
Other	21		55
Total non-accrual loans with an allowance recorded	$	979	$	164
Total non-accrual loans:
Multi-family	$	1,755	$	77
Commercial real estate(1)	564		31
One-to-four family first mortgage	70		1
Commercial and Industrial	202		—
Other	24		55
Total non-accrual loans	$	2,615	$	164

(1)Includes Acquisition, Development, and Construction loans.