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Fair Value Measures (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Carried at Fair Value
The following tables present assets and liabilities that were measured at fair value on a recurring basis as of March 31, 2025 and December 31, 2024, and that were included in the Company’s Condensed Consolidated Statements of Condition at those dates:

March 31, 2025

Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		Total Fair Value
Assets:
Mortgage-related Debt Securities Available for Sale:
GSE CMOs
$— $8,744 $— $8,744 
GSE certificates— 1,110 — 1,110 
Private label collateralized mortgage obligations— 131 31 162 
Total mortgage-related debt securities$— $9,985 $31 $10,016 
Other Debt Securities Available for Sale:
GSE debentures$— $1,241 $— $1,241 
U. S. Treasury obligations1,008 — — 1,008 
Corporate bonds— 249 — 249 
Asset-backed securities— 229 — 229 
Municipal bonds, foreign notes, and capital trust
— 83 — 83 
Total other debt securities$1,008 $1,802 $— $2,810 
Total debt securities available for sale$1,008 $11,787 $31 $12,826 
Equity securities:
Mutual funds and common stock$— $14 $— $14 
Total equity securities$— $14 $— $14 
Total securities$1,008 $11,801 $31 $12,840 
Loans held for sale
Multi-family
$— $328 $— $328 
Commercial real estate(2)
— 180 — 180 
Derivative assets
Interest rate swaps
— 15 — 15 
Rate lock commitments
— — 4 4 
Total assets at fair value$1,008 $12,324 $35 $13,367 
Derivative liabilities
Interest rate swaps
$— $23 $— $23 
Mortgage-backed securities forwards— 3 — 3 
Rate lock commitments
— — 3 3 
Total liabilities at fair value$— $26 $3 $29 
(1)The change in the fair value due to significant unobservable inputs was immaterial.
(2)Includes Acquisition, Development, and Construction loans.
December 31, 2024

Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)		Total Fair Value
Assets:
Mortgage-related Debt Securities Available for Sale:
GSE CMOs
$— $7,304 $— $7,304 
GSE certificates—1,106—1,106
Private label collateralized mortgage obligations—13033163
Total mortgage-related debt securities$— $8,540 $33 $8,573 
Other Debt Securities Available for Sale:
GSE debentures$— $1,203 $— $1,203 
Corporate bonds—308—308
Asset-backed securities—236—236
Municipal bonds, foreign notes, and capital trust
—82—82
Total other debt securities$— $1,829 $— $1,829 
Total debt securities available for sale$— $10,369 $33 $10,402 
Equity securities:
Mutual funds and common stock$— $14 $— $14 
Total equity securities$— $14 $— $14 
Total securities$— $10,383 $33 $10,416 
Loans held for sale
Multi-family
$— $382 $— $382 
Acquisition, development, and construction—182—182 
Derivative assets
Interest rate swaps
— 15 — 15 
Mortgage-backed securities forwards— 7 — 7 
Rate lock commitments
— — 3 3 
Mortgage servicing rights— — 26 26 
Total assets at fair value$— $10,969 $62 $11,031 
Derivative liabilities
Interest rate swaps and swaptions$— $30 $— $30 
Rate lock commitments
— — 3 3 
Mortgage-backed securities forwards— 2 — 2 
Total liabilities at fair value$— $32 $3 $35 
Schedule of Assets Measured at Fair Value on a Nonrecurring Basis
The following tables present assets that were measured at fair value on a non-recurring basis as of March 31, 2025 and December 31, 2024:

Fair Value Measurements at March 31, 2025 Using

Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)Total Fair Value
Loans held for investment(1)
$— $— $3,166 $3,166 
Loans held for sale— 23 — 23 
Other assets(2)
— — 43 43 
Total$— $23 $3,209 $3,232 
(1)Represents the fair value of impaired loans, based primarily on the value of the collateral less costs to sell.
(2)Primarily comprised of equity securities without readily determinable fair values.


Fair Value Measurements at December 31, 2024 Using

Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)Total Fair Value
Loans held for investment(1)
$— $— $2,469 $2,469 
Loans held for sale— 335 — 335 
Other assets (2)
— — 52 52 
Total$— $335 $2,521 $2,856 
(1)Represents the fair value of impaired loans, based primarily on the value of the collateral less costs to sell.
(2)Represents the fair value of repossessed assets, based on the appraised value of the collateral subsequent to its initial classification as repossessed assets and equity securities without readily determinable fair values. These equity securities are classified as Level 3 due to the infrequency of the observable prices and/or the restrictions on the shares.
Schedule of Carrying Amount and Estimated Fair Value of Financial Instruments
The following tables summarize the carrying values, estimated fair values, and fair value measurement levels of financial instruments that were not carried at fair value on the Company’s Condensed Consolidated Statements of Condition at March 31, 2025 and December 31, 2024:

March 31, 2025
Fair Value Measurement Using

Carrying ValueEstimated Fair ValueQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Financial Assets:
Cash and cash equivalents$12,614 $12,614 $12,614 $— $— 
FHLB and FRB stock (1)
1,061 1,061 — 1,061 — 
Loans and leases held for investment, net(4)
65,424 60,840 — — 60,840 
Financial Liabilities:
Deposits$73,906 $73,923 $945 
(2)
$72,978 
(3)
$— 
Borrowed funds14,178 13,979 — 13,979 — 
(1)Carrying value and estimated fair value are at cost.
(2)Interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts.
(3)Certificates of deposit.
(4)Carrying value and estimated fair value include the impaired loans held for investment.

December 31, 2024
Fair Value Measurement Using

Carrying ValueEstimated Fair ValueQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Financial Assets:
Cash and cash equivalents$15,430 $15,430 $15,430 $— $— 
FHLB and FRB stock (1)
1,1461,146— 1,146— 
Loans and leases held for investment, net(4)
67,07161,831— — 61,831
Financial Liabilities:
Deposits$75,870 $75,894 $48,546 
(2)
$27,348 
(3)
$— 
Borrowed funds14,42614,217— 14,217— 
(1)Carrying value and estimated fair value are at cost.
(2)Interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts.
(3)Certificates of deposit.
(4)Carrying value and estimated fair value include the impaired loans held for investment.
Schedule of Changes in Fair Value Included in Earnings - Fair Value Option
The following table reflects the change in fair value included in earnings of financial instruments for which the fair value option has been elected:


Three Months Ended March 31,
2025
2024
Assets
Loans held for sale
Net gain on loan sales$7 $3 
Schedule of Differences Between Aggregate Fair Value and Aggregate Remaining Contractual Principal Balance Outstanding - Fair Value Option
The following table reflects the difference between the aggregate fair value and aggregate remaining contractual principal balance outstanding for assets and liabilities for which the fair value option has been elected:

March 31, 2025December 31, 2024

Unpaid Principal BalanceFair ValueFair Value Over / (Under) UPBUnpaid Principal BalanceFair ValueFair Value Over / (Under) UPB
Assets:
Non-accrual loans:
Loans held for sale$3 $3 $— $4 $4 $— 
Loans held-for-investment— — — — — — 
Total non-accrual loans$3 $3 $— $4 $4 $— 
Accrual loans:
Loans held for sale$498 $508 $10 $553 $560 $7 
Loans held-for-investment— — — 67 66 (1)
Total accrual loans$498 $508 $10 $620 $626 $6 
Total loans:
Loans held for sale$501 $511 $10 $557 $564 $7 
Loans held-for-investment— — — 67 — 66 (1)
Total loans$501 $511 $10 $624 $630 $6