Loans Held for Sale

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Loans held for sale

6.     Loans held for sale

Loans held for sale are carried at the lower of cost or estimated fair value. At March 31, 2023 and December 31, 2022, the Bank did not have any loans held for sale. There were no loans sold during the three months ended March 31, 2022.

The following table shows loans sold during the periods indicated:

	For the three months ended March 31, 2023
	Loans sold	Proceeds		Net charge-offs		Net gain
Delinquent and non-performing loans	(Dollars in thousands)
Multi-family residential	5	$	1,548	$	—	$	54
Commercial	2		840		—		—
One-to-four family - mixed-use property	1		187		—		—
Total	8	$	2,575	$	—	$	54