Loans Receivable Held for Sale

12 Months Ended

Dec. 31, 2021

Loans Receivable Held for Sale [Abstract]

Loans Receivable Held for Sale

Note 5 – Loans Receivable Held for Sale

The Bank had no loans held for sale as of December 31, 2021 and 2020.  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.