Loans Receivable Held for Sale

3 Months Ended

Mar. 31, 2020

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 March 31, 2020 totaled $45.5 million  and consisted of multi-family loans. The Bank did not have any loans held for sale at December 31,2019.  During the first quarter of 2020, the Bank originated $66.0 million of multi-family loans for sale and sold $20.5 million of loans held for sale. There were no loan sales during the three months ended March 31, 2019.  Loan repayments totaled $55 thousand and $24 thousand during the three months ended March 31, 2020 and 2019, respectively.