LOANS AND ALLOWANCE FOR CREDIT LOSSES

Schedule of classes of loans by aging as of the dates indicated


	March 31, 2024
													Total Loans
					Over 90						Total		> 90 Days Past
	30-59 Days		60-89 Days		Days		Total Past				Loans		Due and
	Past Due		Past Due		Past Due		Due		Current		Receivable		Still Accruing

	(In Thousands)
One- to four-family residential construction	$	—	$	—	$	—	$	—	$	33,984	$	33,984	$	—
Subdivision construction		—		—		—		—		20,252		20,252		—
Land development		—		—		384		384		45,494		45,878		—
Commercial construction		—		—		—		—		692,550		692,550		—
Owner occupied one- to four-family residential		2,385		—		626		3,011		754,964		757,975		—
Non-owner occupied one- to four-family residential		503		—		—		503		121,880		122,383		—
Commercial real estate		13,545		—		10,612		24,157		1,478,468		1,502,625		—
Other residential (multi-family)		—		—		9,572		9,572		1,030,734		1,040,306		—
Commercial business		823		—		—		823		258,653		259,476		—
Industrial revenue bonds		—		—		—		—		11,812		11,812		—
Consumer auto		56		20		9		85		26,868		26,953		—
Consumer other		107		8		27		142		28,382		28,524		—
Home equity lines of credit		57		—		41		98		115,301		115,399		—

Total	$	17,476	$	28	$	21,271	$	38,775	$	4,619,342	$	4,658,117	$	—


	December 31, 2023
													Total Loans
					Over 90						Total		> 90 Days Past
	30-59 Days		60-89 Days		Days		Total Past				Loans		Due and
	Past Due		Past Due		Past Due		Due		Current		Receivable		Still Accruing

	(In Thousands)
One- to four-family residential construction	$	—	$	—	$	—	$	—	$	29,628	$	29,628	$	—
Subdivision construction		—		—		—		—		23,359		23,359		—
Land development		—		—		384		384		47,631		48,015		—
Commercial construction		—		—		—		—		703,407		703,407		—
Owner occupied one- to four-family residential		2,778		125		722		3,625		765,635		769,260		—
Non-owner occupied one- to four-family residential		—		—		—		—		121,275		121,275		—
Commercial real estate		187		92		10,552		10,831		1,510,201		1,521,032		—
Other residential (multi-family)		9,572		—		—		9,572		932,499		942,071		—
Commercial business		—		—		31		31		318,019		318,050		—
Industrial revenue bonds		—		—		—		—		12,047		12,047		—
Consumer auto		116		65		8		189		28,154		28,343		—
Consumer other		137		—		42		179		28,799		28,978		—
Home equity lines of credit		335		26		9		370		115,513		115,883		—

Total	$	13,125	$	308	$	11,748	$	25,181	$	4,636,167	$	4,661,348	$	—

Schedule of activity in the allowance for credit losses and unfunded commitments by portfolio segment


	One- to Four-
	Family
	Residential and		Other		Commercial		Commercial		Commercial
	Construction		Residential		Real Estate		Construction		Business		Consumer		Total

	(In Thousands)
Allowance for credit losses
Balance, January 1, 2023	$	11,171	$	12,110	$	27,096	$	2,865	$	5,822	$	4,416	$	63,480
Provision (credit) charged to expense		647		1,079		(1,590)		(363)		1,851		(124)		1,500
Losses charged off		(31)		—		—		—		—		(434)		(465)
Recoveries		10		—		—		—		148		314		472
Balance, March 31, 2023	$	11,797	$	13,189	$	25,506	$	2,502	$	7,821	$	4,172	$	64,987

Allowance for credit losses
Balance, January 1, 2024	$	9,820	$	13,370	$	28,171	$	2,844	$	6,935	$	3,530	$	64,670
Provision (credit) charged to expense		(107)		516		1,298		(96)		(1,596)		485		500
Losses charged off		(56)		—		—		—		(31)		(340)		(427)
Recoveries		3		—		—		—		88		253		344
Balance, March 31, 2024	$	9,660	$	13,886	$	29,469	$	2,748	$	5,396	$	3,928	$	65,087


	One- to Four-
	Family
	Residential and		Other		Commercial		Commercial		Commercial
	Construction		Residential		Real Estate		Construction		Business		Consumer		Total

	(In Thousands)
Allowance for unfunded commitments
Balance, January 1, 2023	$	736	$	8,624	$	416	$	802	$	1,734	$	504	$	12,816
Provision (credit) charged to expense		96		(566)		29		89		(471)		(3)		(826)
Balance, March 31, 2023	$	832	$	8,058	$	445	$	891	$	1,263	$	501	$	11,990

Allowance for unfunded commitments
Balance, January 1, 2024	$	706	$	4,006	$	619	$	741	$	959	$	456	$	7,487
Provision (credit) charged to expense		(27)		(28)		(5)		(232)		394		28		130
Balance, March 31, 2024	$	679	$	3,978	$	614	$	509	$	1,353	$	484	$	7,617

Schedule of loan modifications made to borrowers experiencing financial difficulty by the loan portfolio and type of concessions granted


	Amortized Cost Basis at March 31, 2024
	Interest Rate		Term				Total
	Reduction		Extension		Combination		Modification

		(In Thousands)
Construction and land development	$	—	$	—	$	1,516	$	1,516
One- to four-family residential		—		—		—		—
Other residential (multi-family)		—		2,744		—		2,744
Commercial real estate		—		75		20,185		20,260
Commercial business		—		—		—		—
Consumer		5		7		—		12
	$	5	$	2,826	$	21,701	$	24,532


	Amortized Cost Basis at December 31, 2023
	Interest Rate		Term				Total
	Reduction		Extension		Combination		Modifications

		(In Thousands)
Construction and land development	$	—	$	—	$	1,553	$	1,553
One- to four-family residential		—		—		—		—
Other residential (multi-family)		—		2,750		—		2,750
Commercial real estate		—		77		20,365		20,442
Commercial business		—		—		—		—
Consumer		5		7		—		12
	$	5	$	2,834	$	21,918	$	24,757

Schedule of loans by category and risk rating separated by origination and loan class

The following tables present a summary of loans by category and risk rating separated by origination and loan class as of March 31, 2024 and December 31, 2023.


	Term Loans by Origination Year
													Revolving
March 31, 2024	2024 YTD		2023		2022		2021		2020		Prior		Loans		Total

	(In Thousands)
One- to four-family residential construction
Satisfactory (1-4)	$	1,514	$	16,483	$	8,388	$	40	$	—	$	—	$	7,559	$	33,984
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		1,514		16,483		8,388		40		—		—		7,559		33,984
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Subdivision construction
Satisfactory (1-4)		—		288		910		18,629		40		385		—		20,252
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		—		288		910		18,629		40		385		—		20,252
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Construction and land development
Satisfactory (1-4)		4,310		14,900		8,549		5,609		3,663		7,863		600		45,494
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		384		384
Total		4,310		14,900		8,549		5,609		3,663		7,863		984		45,878
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Other construction
Satisfactory (1-4)		4,182		80,004		445,698		144,609		18,057		—		—		692,550
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		4,182		80,004		445,698		144,609		18,057		—		—		692,550
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

One- to four-family residential
Satisfactory (1-4)		8,672		66,264		326,568		196,149		105,903		174,438		410		878,404
Watch (5)		—		—		—		—		147		1,016		43		1,206
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		529		—		196		23		748
Total		8,672		66,264		326,568		196,678		106,050		175,650		476		880,358
Current Period Gross Charge Offs		—		49		—		—		—		7		—		56

Other residential (multi-family)
Satisfactory (1-4)		275		48,301		167,404		449,119		182,031		170,103		3,595		1,020,828
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		2,744		—		2,744
Classified (7-9)		—		—		—		—		—		16,734		—		16,734
Total		275		48,301		167,404		449,119		182,031		189,581		3,595		1,040,306
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Commercial real estate
Satisfactory (1-4)		5,112		54,577		322,082		219,937		98,783		748,883		33,060		1,482,434
Watch (5)		—		—		104		—		—		5,097		—		5,201
Special Mention (6)		—		—		—		—		—		4,377		—		4,377
Classified (7-9)		—		—		—		87		—		10,526		—		10,613
Total		5,112		54,577		322,186		220,024		98,783		768,883		33,060		1,502,625
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Commercial business
Satisfactory (1-4)		4,734		31,850		69,825		24,769		10,338		59,852		54,255		255,623
Watch (5)		—		—		—		—		—		13		—		13
Special Mention (6)		—		—		1,142		3,755		43		—		10,700		15,640
Classified (7-9)		—		—		—		—		12		—		—		12
Total		4,734		31,850		70,967		28,524		10,393		59,865		64,955		271,288
Current Period Gross Charge Offs		—		—		—		4		27		—		—		31

Consumer
Satisfactory (1-4)		5,038		14,466		10,141		4,940		2,224		11,830		121,293		169,932
Watch (5)		—		—		3		19		5		202		152		381
Special Mention (6)		—		—		—		—		—		—		393		393
Classified (7-9)		2		20		28		10		—		67		43		170
Total		5,040		14,486		10,172		4,969		2,229		12,099		121,881		170,876
Current Period Gross Charge Offs		—		2		80		1		3		246		8		340

Combined
Satisfactory (1-4)		33,837		327,133		1,359,565		1,063,801		421,039		1,173,354		220,772		4,599,501
Watch (5)		—		—		107		19		152		6,328		195		6,801
Special Mention (6)		—		—		1,142		3,755		43		7,121		11,093		23,154
Classified (7-9)		2		20		28		626		12		27,523		450		28,661
Total	$	33,839	$	327,153	$	1,360,842	$	1,068,201	$	421,246	$	1,214,326	$	232,510	$	4,658,117
Current Period Gross Charge Offs	$	—	$	51	$	80	$	5	$	30	$	253	$	8	$	427


	Term Loans by Origination Year
													Revolving
December 31, 2023	2023		2022		2021		2020		2019		Prior		Loans		Total

	(In Thousands)
One- to four-family residential construction
Satisfactory (1-4)	$	12,528	$	9,878	$	41	$	—	$	—	$	—	$	7,181	$	29,628
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		12,528		9,878		41		—		—		—		7,181		29,628
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Subdivision construction
Satisfactory (1-4)		532		1,022		21,333		43		64		365		—		23,359
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		532		1,022		21,333		43		64		365		—		23,359
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Construction and land development
Satisfactory (1-4)		14,860		12,564		5,658		3,682		5,458		4,531		878		47,631
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		384		384
Total		14,860		12,564		5,658		3,682		5,458		4,531		1,262		48,015
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Other construction
Satisfactory (1-4)		60,895		422,727		203,918		15,867		—		—		—		703,407
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		—		—		—		—		—		—
Total		60,895		422,727		203,918		15,867		—		—		—		703,407
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

One- to four-family residential
Satisfactory (1-4)		66,733		330,489		203,781		108,232		60,288		118,570		483		888,576
Watch (5)		—		—		—		—		171		862		46		1,079
Special Mention (6)		—		—		—		—		—		—		—		—
Classified (7-9)		—		—		543		148		—		189		—		880
Total		66,733		330,489		204,324		108,380		60,459		119,621		529		890,535
Current Period Gross Charge Offs		—		—		—		—		—		11		20		31

Other residential (multi-family)
Satisfactory (1-4)		18,795		108,389		391,516		180,916		108,173		111,462		3,335		922,586
Watch (5)		—		—		—		—		—		—		—		—
Special Mention (6)		—		—		—		—		—		12,322		—		12,322
Classified (7-9)		—		—		—		—		—		7,163		—		7,163
Total		18,795		108,389		391,516		180,916		108,173		130,947		3,335		942,071
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Commercial real estate
Satisfactory (1-4)		53,158		284,738		237,822		103,393		161,680		624,515		35,276		1,500,582
Watch (5)		—		—		—		—		154		5,348		—		5,502
Special Mention (6)		—		—		—		—		—		4,396		—		4,396
Classified (7-9)		—		—		—		—		—		10,552		—		10,552
Total		53,158		284,738		237,822		103,393		161,834		644,811		35,276		1,521,032
Current Period Gross Charge Offs		—		—		—		—		—		—		—		—

Commercial business
Satisfactory (1-4)		58,551		92,224		30,361		15,371		10,043		55,044		57,177		318,771
Watch (5)		—		—		—		—		—		1,369		—		1,369
Special Mention (6)		—		1,186		3,840		—		—		—		4,900		9,926
Classified (7-9)		—		—		4		27		—		—		—		31
Total		58,551		93,410		34,205		15,398		10,043		56,413		62,077		330,097
Current Period Gross Charge Offs		—		7		—		—		—		1,030		—		1,037

Consumer
Satisfactory (1-4)		16,629		12,010		6,163		2,811		828		12,089		122,166		172,696
Watch (5)		—		3		21		6		3		201		154		388
Special Mention (6)		—		—		—		—		—		—		8		8
Classified (7-9)		—		42		12		—		—		49		9		112
Total		16,629		12,055		6,196		2,817		831		12,339		122,337		173,204
Current Period Gross Charge Offs		4		135		24		3		18		1,493		77		1,754

Combined
Satisfactory (1-4)		302,681		1,274,041		1,100,593		430,315		346,534		926,576		226,496		4,607,236
Watch (5)		—		3		21		6		328		7,780		200		8,338
Special Mention (6)		—		1,186		3,840		—		—		16,718		4,908		26,652
Classified (7-9)		—		42		559		175		—		17,953		393		19,122
Total	$	302,681	$	1,275,272	$	1,105,013	$	430,496	$	346,862	$	969,027	$	231,997	$	4,661,348
Current Period Gross Charge Offs	$	4	$	142	$	24	$	3	$	18	$	2,534	$	97	$	2,822