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Loans Receivable Held for Sale
9 Months Ended
Sep. 30, 2019
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, 2019 and December 31, 2018 totaled $8.2 million and $6.2 million, respectively, and consisted of multi-family loans. The Bank transferred $1.1 million and $16.9 million of multi-family loans from the held-for-sale portfolio to the held-for-investment portfolio during the nine months ended September 30, 2019 and  2018, respectively. During the nine months ended September 30, 2019, $10.7 million in loans receivable held for investment were transferred to loans receivable held for sale. No loans were originated for sale during the three months ended September 30, 2019, while $20.3 million were originated during the same period of 2018. Loans originated for sale were $15.2 million and $20.3 million during the nine months ended September 30, 2019 and 2018, respectively. There were $22.8 million of sales of multi-family loans during the three months and nine months ended September 30, 2019. 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 $103 thousand and $106 thousand during the nine months ended September 30, 2019 and 2018, respectively.