Loans Receivable Held for Sale

12 Months Ended

Dec. 31, 2020

Loans Receivable Held for Sale [Abstract]

Loans Receivable Held for Sale

Note 4 – Loans Receivable Held for Sale

The Bank had no loans held for sale as of December 31, 2020 and 2019.  Multi-family loans held for sale totaling $13.7 million were transferred to the loans held for investment portfolio during 2020 at the lower of cost or fair value.  Loan sales of $22.8 million in multi‑family loans were completed during 2020 for a total gain of $276 thousand. Loan sales of $22.8 million were completed during 2019 for a gain of $204 thousand.  Loan repayments totaled $637 thousand during 2020 and $115 thousand during 2019.