Loans Held for Sale

3 Months Ended

Mar. 31, 2024

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, 2024 and December 31, 2023, the Bank did not have any loans held for sale.

The following table shows loans sold during the periods indicated:

	For the three months ended March 31, 2024
(Dollars in thousands)	Loans sold	Proceeds		Net charge-offs		Net gain
Delinquent and non-performing loans
Multi-family residential	3	$	1,551	$	—	$	55
Commercial	2		971		—		—
One-to-four family - mixed-use property	4		1,288		—		55
Total	9	$	3,810	$	—	$	110

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