Loans held for sale (Tables)

9 Months Ended

Sep. 30, 2025

Summary of Significant Accounting Policies

Schedule of loans sold

	For the three months ended September 30, 2025
(Dollars in thousands)	Loans sold	Proceeds		Net charge-offs		Net gain
Performing loans
Small Business Administration	2	$	1,820	$	—	$	270
Total	2	$	1,820	$	—	$	270
Delinquent and non-performing loans
Multi-family residential	5	$	3,425	$	—	$	48
One-to-four family - mixed-use property	3		1,371		(20)		—
Total	8	$	4,796	$	(20)	$	48

	For the three months ended September 30, 2024
(Dollars in thousands)	Loans sold	Proceeds		Net charge-offs		Net gain
Performing loans
Multi-family residential	1	$	2,446	$	—	$	—
Commercial	1		5,875		—		—
Total	2	$	8,321	$	—	$	—
Delinquent and non-performing loans
Multi-family residential	1	S	989	$	—	$	—
Commercial	1		2,827		—		—
One-to-four family - mixed-use property	1		900		—		113
One-to-four family - residential	1		1,223		—		24
Total	4	$	5,939	$	—	$	137

	For the nine months ended September 30, 2025
(Dollars in thousands)	Loans sold	Proceeds		Net charge-offs		Net gain (1)
Performing loans
Multi-family residential	12	$	33,721	$	—	$	—
Commercial	1		3,120		—		—
Small Business Administration	8		8,648		—		802
Total	21	$	45,489	$	—	$	802
Delinquent and non-performing loans
Multi-family residential	10	$	16,869	$	(1,681)	$	250
Commercial	1		5,098		—		238
One-to-four family - mixed-use property	4		1,508		(20)		19
Total	15	$	23,475	$	(1,701)	$	507
	For the nine months ended September 30, 2024
(Dollars in thousands)	Loans sold	Proceeds		Net charge-offs		Net gain
Performing loans
Multi-family residential	1	$	2,446	$	—	$	—
Commercial	1		5,875		—		—
Total	2	$	8,321	$	—	$	—
Delinquent and non-performing loans
Multi-family residential	5	S	2,973	$	—	$	55
Commercial	3		3,797		—		—
One-to-four family - mixed-use property	6		2,446		—		194
One-to-four family - residential	1		1,223		—		24
Total	15	$	10,439	$	—	$	273

(1) Does not include $2.6 million net gain on sale recorded from the reversal of a previously recorded valuation allowance upon the transfer of $32.1 million of loans held for sale to loans held for investment and $0.2 million net loss on sale recorded to write-down performing mortgage loans to their anticipated sales price.