XML 82 R64.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Loans Receivable Held for Investment, Allowance for Loan Losses and Recorded Investment in Loans by Type of Loans and Based on Impairment Method (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Ending Allowance Balance Attributable to Loans [Abstract]      
Individually evaluated for impairment   $ 7  
Collectively evaluated for impairment   4,381  
Total ending allowance balance $ 7,348 [1] 4,388 [1] $ 3,391
Loans [Abstract]      
Loans individually evaluated for impairment   1,712  
Loans collectively evaluated for impairment   624,468  
Subtotal   626,180  
Loans acquired in the CFBanc merger   147,264  
Gross loans receivable 888,577 773,444  
Real Estate [Member] | Single-Family [Member]      
Ending Allowance Balance Attributable to Loans [Abstract]      
Individually evaluated for impairment   3  
Collectively evaluated for impairment   106  
Total ending allowance balance 260 109 145
Loans [Abstract]      
Loans individually evaluated for impairment   57  
Loans collectively evaluated for impairment   20,893  
Subtotal   20,950  
Loans acquired in the CFBanc merger   9,088  
Gross loans receivable 24,702 30,038  
Real Estate [Member] | Multi-Family [Member]      
Ending Allowance Balance Attributable to Loans [Abstract]      
Individually evaluated for impairment   0  
Collectively evaluated for impairment   3,273  
Total ending allowance balance 4,413 3,273 2,657
Loans [Abstract]      
Loans individually evaluated for impairment   0  
Loans collectively evaluated for impairment   462,539  
Subtotal   462,539  
Loans acquired in the CFBanc merger   41,357  
Gross loans receivable 563,418 503,896  
Real Estate [Member] | Commercial Real Estate [Member]      
Ending Allowance Balance Attributable to Loans [Abstract]      
Individually evaluated for impairment   0  
Collectively evaluated for impairment   449  
Total ending allowance balance 1,094 449 236
Loans [Abstract]      
Loans individually evaluated for impairment   0  
Loans collectively evaluated for impairment   63,929  
Subtotal   63,929  
Loans acquired in the CFBanc merger   50,645  
Gross loans receivable 119,436 114,574  
Real Estate [Member] | Church [Member]      
Ending Allowance Balance Attributable to Loans [Abstract]      
Individually evaluated for impairment   4  
Collectively evaluated for impairment   61  
Total ending allowance balance 72 65 103
Loans [Abstract]      
Loans individually evaluated for impairment   1,655  
Loans collectively evaluated for impairment   9,008  
Subtotal   10,663  
Loans acquired in the CFBanc merger   5,117  
Gross loans receivable 12,717 15,780  
Real Estate [Member] | Construction [Member]      
Ending Allowance Balance Attributable to Loans [Abstract]      
Individually evaluated for impairment   0  
Collectively evaluated for impairment   313  
Total ending allowance balance 932 313 212
Loans [Abstract]      
Loans individually evaluated for impairment   0  
Loans collectively evaluated for impairment   38,530  
Subtotal   38,530  
Loans acquired in the CFBanc merger   2,173  
Gross loans receivable 89,887 40,703  
Commercial - Other [Member]      
Ending Allowance Balance Attributable to Loans [Abstract]      
Individually evaluated for impairment   0  
Collectively evaluated for impairment   175  
Total ending allowance balance 529 175 23
Loans [Abstract]      
Loans individually evaluated for impairment   0  
Loans collectively evaluated for impairment   29,558  
Subtotal   29,558  
Loans acquired in the CFBanc merger   38,884  
Gross loans receivable   68,442  
Consumer [Member]      
Ending Allowance Balance Attributable to Loans [Abstract]      
Individually evaluated for impairment   0  
Collectively evaluated for impairment   4  
Total ending allowance balance 0 4 $ 15
Loans [Abstract]      
Loans individually evaluated for impairment   0  
Loans collectively evaluated for impairment   11  
Subtotal   11  
Loans acquired in the CFBanc merger   0  
Gross loans receivable $ 13 $ 11  
[1] The allowance for credit losses as of December 31, 2022 was accounted for under ASC 450 and ASC 310, which is reflective of probable incurred losses as of the date of the consolidated statement of financial condition. Effective January 1, 2023, the allowance for credit losses is accounted for under ASC 326, which is reflective of estimated expected lifetime credit losses.