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Loans Receivable Held for Sale
12 Months Ended
Dec. 31, 2018
Loans Receivable Held for Sale  
Loans Receivable Held for Sale  
Loans Receivable Held for Sale

Note 3 – Loans Receivable Held for Sale

 

Loans receivable held for sale at December 31, 2018 totaled $6.2 million and consisted of multi-family loans.  As part of the Bank’s loan concentration risk management program,  $16.9 million of multi-family loans were transferred from the held-for-sale portfolio to the held-for-investment portfolio during the year ended December 31, 2018. The Bank also allocated $20.2 million, or 20%, of its total loan originations as held-for-sale and completed sales of $19.3 million of multi-family loans during the year ended December 31, 2018 for a total gain of $81 thousand.  Loan repayments totaled $159 thousand during the year 2018.  There were $22.4 million loans held for sale at December 31, 2017.