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Loans Receivable Held for Sale
9 Months Ended
Sep. 30, 2018
Loans Receivable Held for Sale  
Loans Receivable Held for Sale  
Loans Receivable Held for Sale

NOTE (4) – Loans Receivable Held for Sale

 

Loans receivable held for sale at September 30, 2018 and December 31, 2017 totaled $19.1 million and $22.4 million, respectively, and consisted of multi-family loans. The Bank transferred $16.9 million of multi-family loans from the held-for-sale portfolio to the held-for-investment portfolio during the first quarter of 2018.  Loan originated for sale were $20.3 million during the three months and nine months ended September 30, 2018.  Sales of multi-family loans during the three months and nine months ended September 30, 2018 totaled $2.3 million and $6.6 million, respectively. Loan repayments totaled $24 thousand and $106 thousand during the three and nine months ended September 30, 2018, respectively.