| Loans Receivable and Allowance for Loan Losses | Loans Receivable and Allowance for Loan Losses Loans receivable by portfolio segment consisted of the following at September 30, 2022 and 2021 (dollars in thousands): 2022 2021 Mortgage loans: One- to four-family $ 176,116 $ 119,935 Multi-family 95,025 87,563 Commercial 536,650 470,650 Construction – custom and owner/builder 119,240 109,152 Construction – speculative one- to four-family 12,254 17,813 Construction – commercial 40,364 43,365 Construction – multi-family 64,480 52,071 Construction – land development 19,280 10,804 Land 26,854 19,936 Total mortgage loans 1,090,263 931,289 Consumer loans: Home equity and second mortgage 35,187 32,988 Other 2,128 2,512 Total consumer loans 37,315 35,500 Commercial loans: Commercial business 125,039 74,579 SBA Paycheck Protection Program ("PPP") 1,001 40,922 Total commercial loans 126,040 115,501 Total loans receivable 1,253,618 1,082,290 Less: Undisbursed portion of construction loans in process 103,168 95,224 Deferred loan origination fees, net 4,321 5,143 Allowance for loan losses 13,703 13,469 121,192 113,836 Loans receivable, net $ 1,132,426 $ 968,454 Loans receivable at September 30, 2022 and 2021 are reported net of unamortized discounts totaling $267,000 and $449,000, respectively. Significant Concentrations of Credit Risk Most of the Company’s lending activity is with customers located in the state of Washington and involves real estate. At September 30, 2022, the Company had $1,125,450,000 (including $103,168,000 of undisbursed construction loans in process) in loans secured by real estate, which represented 89.8% of total loans receivable. The real estate loan portfolio is primarily secured by one- to four-family properties, multi-family properties, land, and a variety of commercial real estate property types. At September 30, 2022, there were no concentrations of real estate loans to a specific industry or secured by a specific collateral type that equaled or exceeded 20% of the Company’s total loan portfolio, other than loans secured by one-to four-family properties. The ultimate collectability of a substantial portion of the loan portfolio is susceptible to changes in economic and market conditions in the region and the impact of those changes on the real estate market. The Company typically originates real estate loans with loan-to-value ratios of no greater than 90%. Collateral and/or guarantees are required for all loans. Related Party Loans Certain related parties of the Company, principally Bank directors and officers, are loan customers of the Bank in the ordinary course of business. Such related party loans were performing according to their repayment terms at September 30, 2022 and 2021. Activity in related party loans during the years ended September 30, 2022, 2021 and 2020 was as follows (dollars in thousands): 2022 2021 2020 Balance, beginning of year $ 466 $ 248 $ 94 New loans or borrowings 40 316 178 Repayments and reclassifications (456) (98) (24) Balance, end of year $ 50 $ 466 $ 248 Loan Segment Risk Characteristics The Company believes that its loan classes are the same as its loan segments. One- To Four-Family Residential Lending: The Company originates both fixed-rate and adjustable-rate loans secured by one- to four-family residences. A portion of the fixed-rate one- to four-family loans are sold in the secondary market for asset/liability management purposes and to generate non-interest income. The Company’s lending policies generally limit the maximum loan-to-value on one- to four-family loans to 90% of the lesser of the appraised value or the purchase price. However, the Company usually obtains private mortgage insurance on the portion of the principal amount that exceeds 80% of the appraised value of the property. Multi-Family Lending : The Company originates loans secured by multi-family dwelling units (more than four units). Multi-family lending generally affords the Company an opportunity to receive interest at rates higher than those generally available from one- to four-family residential lending. However, loans secured by multi-family properties usually are greater in amount, more difficult to evaluate and monitor and, therefore, involve a greater degree of risk than one- to four-family residential mortgage loans. Because payments on loans secured by multi-family properties are often dependent on the successful operation and management of the properties, repayment of such loans may be affected by adverse conditions in the real estate market or economy. The Company attempts to minimize these risks by scrutinizing the financial condition of the borrower, the quality of the collateral and the management of the property securing the loan. Commercial Mortgage Lending : The Company originates commercial real estate loans secured by properties such as office buildings, retail/wholesale facilities, motels, restaurants, mini-storage facilities and other commercial properties. Commercial real estate lending generally affords the Company an opportunity to receive interest at higher rates than those available from one- to four-family residential lending. However, loans secured by such properties usually are greater in amount, more difficult to evaluate and monitor and, therefore, involve a greater degree of risk than one- to four-family residential mortgage loans. Because payments on loans secured by commercial properties are often dependent on the successful operation and management of the properties, repayment of these loans may be affected by adverse conditions in the real estate market or economy. The Company attempts to mitigate these risks by generally limiting the maximum loan-to-value ratio to 80% and scrutinizing the financial condition of the borrower, the quality of the collateral and the management of the property securing the loan. Construction Lending : The Company currently originates the following types of construction loans: custom construction loans, owner/builder construction loans, speculative construction loans, commercial real estate construction loans, multi-family construction loans and land development loans. Construction lending affords the Company the opportunity to achieve higher interest rates and fees with shorter terms to maturity than does its single-family permanent mortgage lending. Construction lending, however, is generally considered to involve a higher degree of risk than one- to four family residential lending because of the inherent difficulty in estimating both a property’s value at completion of the project and the estimated cost of the project. The nature of these loans is such that they are generally more difficult to evaluate and monitor. If the estimated cost of construction proves to be inaccurate, the Company may be required to advance funds beyond the amount originally committed to complete the project. If the estimate of value upon completion proves to be inaccurate, the Company may be confronted with a project whose value is insufficient to assure full repayment, and the Company may incur a loss. Projects may also be jeopardized by disagreements between borrowers and builders and by the failure of builders to pay subcontractors. Loans to construct homes for which no purchaser has been identified carry more risk, because the payoff for the loan depends on the builder’s ability to sell the property prior to the time that the construction loan is due. The Company attempts to mitigate these risks by adhering to its underwriting policies, disbursement procedures and monitoring practices. Construction Lending – Custom and Owner/Builder: Custom construction and owner/builder construction loans are originated to home owners and are typically refinanced into permanent loans at the completion of construction. Construction Lending – Speculative One- To Four-Family: Speculative one-to four-family construction loans are made to home builders and are termed “speculative”, because the home builder does not have, at the time of the loan origination, a signed contract with a home buyer who has a commitment for permanent financing with the Company or another lender for the finished home. The home buyer may be identified either during or after the construction period. Construction Lending – Commercial: Commercial construction loans are originated to construct properties such as office buildings, hotels, retail rental space and mini-storage facilities. Construction Lending – Multi-Family: Multi-family construction loans are originated to construct apartment buildings and condominium projects. Construction Lending – Land Development: Land development loans are originated to real estate developers for the purpose of developing residential subdivisions. The Company is currently originating land development loans on a limited basis. Land Lending : The Company originates loans for the acquisition of land upon which the purchaser can then build or make improvements necessary to build or to sell as improved lots. Loans secured by undeveloped land or improved lots involve greater risks than one- to four-family residential mortgage loans because these loans are more difficult to evaluate. If the estimate of value proves to be inaccurate, in the event of default or foreclosure, the Company may be confronted with a property value which is insufficient to assure full repayment. The Company attempts to minimize this risk by generally limiting the maximum loan-to-value ratio on land loans to 75%. Consumer Lending – Home Equity and Second Mortgage: The Company originates home equity lines of credit and second mortgage loans. Home equity lines of credit and second mortgage loans have a greater credit risk than one- to four-family residential mortgage loans because they are secured by mortgages subordinated to the existing first mortgage on the property, which may or may not be held by the Company. The Company attempts to mitigate these risks by adhering to its underwriting policies in evaluating the collateral and the credit-worthiness of the borrower. Consumer Lending – Other: The Company originates other consumer loans, which include automobile loans, boat loans, motorcycle loans, recreational vehicle loans, savings account loans and unsecured loans. Other consumer loans generally have shorter terms to maturity than mortgage loans. Other consumer loans generally involve a greater degree of risk than do residential mortgage loans, particularly in the case of consumer loans that are unsecured or secured by rapidly depreciating assets such as automobiles. In such cases, any repossessed collateral for a defaulted consumer loan may not provide an adequate source of repayment of the outstanding loan balance as a result of the greater likelihood of damage, loss or depreciation. The Company attempts to mitigate these risks by adhering to its underwriting policies in evaluating the credit-worthiness of the borrower. Commercial Business Lending: The Company originates commercial business loans which, excluding SBA PPP loans, are generally secured by business equipment, accounts receivable, inventory and/or other property. The Company also generally obtains personal guarantees from the business owners based on a review of personal financial statements. Commercial business lending generally involves risks that are different from those associated with residential and commercial real estate lending. Real estate lending is generally considered to be collateral based lending with loan amounts based on predetermined loan to collateral values, and liquidation of the underlying real estate collateral is viewed as the primary source of repayment in the event of borrower default. Although commercial business loans are often collateralized by equipment, inventory, accounts receivable and/or other business assets, the liquidation of collateral in the event of a borrower default is often an insufficient source of repayment, because accounts receivable may be uncollectible and inventories and equipment may be obsolete or of limited use. Accordingly, the repayment of a commercial business loan depends primarily on the credit-worthiness of the borrower (and any guarantors), while the liquidation of collateral is a secondary and potentially insufficient source of repayment. The Company attempts to mitigate these risks by adhering to its underwriting policies in evaluating the management of the business and the credit-worthiness of the borrowers and the guarantors. SBA PPP: The CARES Act authorized the SBA to temporarily guarantee loans under the PPP. As a qualified SBA lender, the Company was automatically authorized to originate PPP loans upon commencement of the program in April 2020 through the program's initial conclusion in August 2020. The Consolidated Appropriations Act, 2021 ("CAA 2021"), which was signed into law on December 27, 2020, renewed and extended the PPP until May 31, 2021. As a result, the Company began originating PPP loans again in January 2021. The SBA guarantees 100% of PPP loans made to eligible borrowers, and the entire amount of the borrower's PPP loan, including any accrued interest, is eligible to be forgiven and repaid by the SBA. PPP loans have: (1) an interest rate of 1%, (2) a two-year loan term to maturity for loans approved by the SBA prior to June 5, 2020 (unless the borrower and the Company mutually agree to extend the term of the loan to five years) and a five-year maturity for loans approved thereafter; and (3) principal and interest payments deferred for at least six months from the date of disbursement. All PPP loans needed to be issued by January 1, 2022. Allowance for Loan Losses The following table sets forth information for the year ended September 30, 2022 regarding activity in the allowance for loan losses by portfolio segment (dollars in thousands): Beginning Provision for (Recapture of) Loan Losses Charge- Recoveries Ending Mortgage loans: One- to four-family $ 1,154 $ 504 $ — $ — $ 1,658 Multi-family 765 90 — — 855 Commercial 6,813 (131) — — 6,682 Construction – custom and owner/builder 644 31 — — 675 Construction – speculative one- to four-family 188 (58) — — 130 Construction – commercial 784 (441) — — 343 Construction – multi-family 436 11 — — 447 Construction – land development 124 109 — — 233 Land 470 (73) — — 397 Consumer loans: Home equity and second mortgage 528 (88) — — 440 Other 50 1 (10) 1 42 Commercial business loans 1,513 315 (49) 22 1,801 Total $ 13,469 $ 270 $ (59) $ 23 $ 13,703 The following table sets forth information for the year ended September 30, 2021 regarding activity in the allowance for loan losses by portfolio segment (dollars in thousands): Beginning Provision for (Recapture of) Loan Losses Charge- Recoveries Ending Mortgage loans: One- to four-family $ 1,163 $ (9) $ — $ — $ 1,154 Multi-family 718 47 — — 765 Commercial 7,144 (331) — — 6,813 Construction – custom and owner/builder 832 (188) — — 644 Construction – speculative one- to four-family 158 30 — — 188 Construction – commercial 420 364 — — 784 Construction – multi-family 238 198 — — 436 Construction – land development 133 (9) — — 124 Land 572 (147) — 45 470 Consumer loans: Home equity and second mortgage 593 (65) — — 528 Other 71 (24) (1) 4 50 Commercial business loans 1,372 134 (2) 9 1,513 Total $ 13,414 $ — $ (3) $ 58 $ 13,469 The following table sets forth information for the year ended September 30, 2020 regarding activity in the allowance for loan losses by portfolio segment (dollars in thousands): Beginning Provision for (Recapture of) Loan Losses Charge- Recoveries Ending Mortgage loans: One- to four-family $ 1,167 $ (6) $ — $ 2 $ 1,163 Multi-family 481 237 — — 718 Commercial 4,154 2,984 — 6 7,144 Construction – custom and owner/builder 755 72 — 5 832 Construction – speculative one- to four-family 212 (54) — — 158 Construction – commercial 338 82 — — 420 Construction – multi-family 375 (137) — — 238 Construction – land development 67 66 — — 133 Land 697 (145) — 20 572 Consumer loans: Home equity and second mortgage 623 (45) — 15 593 Other 99 (19) (12) 3 71 Commercial business loans 722 665 (15) — 1,372 Total $ 9,690 $ 3,700 $ (27) $ 51 $ 13,414 The following table presents information on loans evaluated individually and collectively for impairment in the allowance for loan losses by portfolio segment at September 30, 2022 (dollars in thousands): Allowance for Loan Losses Recorded Investment in Loans Individually Collectively Total Individually Collectively Total Mortgage loans: One- to four-family $ — $ 1,658 $ 1,658 $ 388 $ 175,728 $ 176,116 Multi-family — 855 855 — 95,025 95,025 Commercial — 6,682 6,682 2,988 533,662 536,650 Construction – custom and owner/ builder — 675 675 — 67,091 67,091 Construction – speculative one- to four-family — 130 130 — 8,364 8,364 Construction – commercial — 343 343 — 29,059 29,059 Construction – multi-family — 447 447 — 34,354 34,354 Construction – land development — 233 233 — 13,582 13,582 Land — 397 397 450 26,404 26,854 Consumer loans: Home equity and second mortgage — 440 440 394 34,793 35,187 Other — 42 42 3 2,125 2,128 Commercial business loans 127 1,674 1,801 309 124,730 125,039 SBA PPP loans — — — — 1,001 1,001 Total $ 127 $ 13,576 $ 13,703 $ 4,532 $ 1,145,918 $ 1,150,450 The following table presents information on loans evaluated individually and collectively for impairment in the allowance for loan losses by portfolio segment at September 30, 2021 (dollars in thousands): Allowance for Loan Losses Recorded Investment in Loans Individually Collectively Total Individually Collectively Total Mortgage loans: One- to four-family $ — $ 1,154 $ 1,154 $ 407 $ 119,528 $ 119,935 Multi-family — 765 765 — 87,563 87,563 Commercial — 6,813 6,813 3,143 467,507 470,650 Construction – custom and owner/ builder — 644 644 — 61,003 61,003 Construction – speculative one- to four-family — 188 188 — 9,657 9,657 Construction – commercial — 784 784 — 38,931 38,931 Construction – multi-family — 436 436 — 22,888 22,888 Construction – land development — 124 124 — 5,502 5,502 Land 76 394 470 683 19,253 19,936 Consumer loans: Home equity and second mortgage — 528 528 516 32,472 32,988 Other — 50 50 17 2,495 2,512 Commercial business loans 171 1,342 1,513 458 74,121 74,579 SBA PPP loans — — — — 40,922 40,922 Total $ 247 $ 13,222 $ 13,469 $ 5,224 $ 981,842 $ 987,066 The following table presents an analysis of loans by aging category and portfolio segment at September 30, 2022 (dollars in thousands): 30-59 60-89 Non- Past Due Total Current Total Mortgage loans: One- to four-family $ — $ — $ 388 $ — $ 388 $ 175,728 $ 176,116 Multi-family — — — — — 95,025 95,025 Commercial — — 657 — 657 535,993 536,650 Construction – custom and owner/ builder — — — — — 67,091 67,091 Construction – speculative one- to four-family — — — — — 8,364 8,364 Construction – commercial — — — — — 29,059 29,059 Construction – multi-family — — — — — 34,354 34,354 Construction – land development — — — — — 13,582 13,582 Land — — 450 — 450 26,404 26,854 Consumer loans: Home equity and second mortgage 37 — 252 — 289 34,898 35,187 Other — — 3 — 3 2,125 2,128 Commercial business loans — — 309 — 309 124,730 125,039 SBA PPP loans — — — — — 1,001 1,001 Total $ 37 $ — $ 2,059 $ — $ 2,096 $ 1,148,354 $ 1,150,450 __________________ (1) Includes non-accrual loans past due 90 days or more and other loans classified as non-accrual. The following table presents an analysis of loans by aging category and portfolio segment at September 30, 2021 (dollars in thousands): 30-59 60-89 Non- Past Due Total Current Total Mortgage loans: One- to four-family $ — $ 180 $ 407 $ — $ 587 $ 119,348 $ 119,935 Multi-family — — — — — 87,563 87,563 Commercial — — 773 — 773 469,877 470,650 Construction – custom and owner/ builder — — — — — 61,003 61,003 Construction – speculative one- to four-family — — — — — 9,657 9,657 Construction – commercial — — — — — 38,931 38,931 Construction – multi-family — — — — — 22,888 22,888 Construction – land development — — — — — 5,502 5,502 Land — — 683 — 683 19,253 19,936 Consumer loans: Home equity and second mortgage — — 516 — 516 32,472 32,988 Other — — 17 — 17 2,495 2,512 Commercial business loans 5 — 458 — 463 74,116 74,579 SBA PPP loans — — — — — 40,922 40,922 Total $ 5 $ 180 $ 2,854 $ — $ 3,039 $ 984,027 $ 987,066 ___________________ (1) Includes non-accrual loans past due 90 days or more and other loans classified as non-accrual. Credit Quality Indicators The Company uses credit risk grades which reflect the Company’s assessment of a loan’s risk or loss potential. The Company categorizes loans into risk grade categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors such as the estimated fair value of the collateral. The Company uses the following definitions for credit risk ratings as part of the on-going monitoring of the credit quality of its loan portfolio: Pass: Pass loans are defined as those loans that meet acceptable quality underwriting standards. Watch: Watch loans are defined as those loans that still exhibit acceptable quality but have some concerns that justify greater attention. If these concerns are not corrected, a potential for further adverse categorization exists. These concerns could relate to a specific condition peculiar to the borrower, its industry segment or the general economic environment. Special Mention: Special mention loans are defined as those loans deemed by management to have some potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in the deterioration of the payment prospects of the loan. Substandard : Substandard loans are defined as those loans that are inadequately protected by the current net worth and paying capacity of the obligor, or of the collateral pledged. Loans classified as substandard have a well-defined weakness or weaknesses that jeopardize the repayment of the debt. If the weakness or weaknesses are not corrected, there is the distinct possibility that some loss will be sustained. Doubtful: Loans in this classification have the weaknesses of substandard loans with the additional characteristic that the weaknesses make the collection or liquidation in full on the basis of currently existing facts, conditions and values questionable, and there is a high possibility of loss. At September 30, 2022 and 2021, there were no loans classified as doubtful. Loss: Loans in this classification are considered uncollectible and of such little value that continuance as an asset is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this loan even though partial recovery may be realized in the future. At September 30, 2022 and 2021, there were no loans classified as loss. The following table presents an analysis of loans by credit quality indicator and portfolio segment at September 30, 2022 (dollars in thousands): Loan Grades Pass Watch Special Mention Substandard Total Mortgage loans: One- to four-family $ 175,687 $ 38 $ — $ 391 $ 176,116 Multi-family 95,025 — — — 95,025 Commercial 522,741 7,940 237 5,732 536,650 Construction – custom and owner / builder 65,249 1,842 — — 67,091 Construction – speculative one- to four-family 8,364 — — — 8,364 Construction – commercial 29,059 — — — 29,059 Construction – multi-family 34,354 — — — 34,354 Construction – land development 13,557 — — 25 13,582 Land 25,882 522 — 450 26,854 Consumer loans: Home equity and second mortgage 34,709 19 — 459 35,187 Other 2,063 62 — 3 2,128 Commercial business loans 124,712 — — 327 125,039 SBA PPP loans 1,001 — — — 1,001 Total $ 1,132,403 $ 10,423 $ 237 $ 7,387 $ 1,150,450 The following table presents an analysis of loans by credit quality indicator and portfolio segment at September 30, 2021 (dollars in thousands): Loan Grades Pass Watch Special Mention Substandard Total Mortgage loans: One- to four-family $ 118,857 $ 129 $ 537 $ 412 $ 119,935 Multi-family 87,563 — — — 87,563 Commercial 456,188 10,285 2,921 1,256 470,650 Construction – custom and owner / builder 59,699 1,304 — — 61,003 Construction – speculative one- to four-family 9,657 — — — 9,657 Construction – commercial 37,414 — 1,517 — 38,931 Construction – multi-family 22,888 — — — 22,888 Construction – land development 5,467 — — 35 5,502 Land 18,648 558 — 730 19,936 Consumer loans: Home equity and second mortgage 32,190 145 — 653 32,988 Other 2,465 30 — 17 2,512 Commercial business loans 73,992 49 37 501 74,579 SBA PPP loans 40,922 — — — 40,922 Total $ 965,950 $ 12,500 $ 5,012 $ 3,604 $ 987,066 The following table is a summary of information related to impaired loans by portfolio segment as of and for the year ended September 30, 2022 (dollars in thousands): September 30, 2022 For the Year Ended September 30, 2022 Recorded Unpaid Principal Related Average Interest Cash Basis With no related allowance recorded: Mortgage loans: One- to four-family $ 388 $ 432 $ — $ 470 $ 31 $ 31 Commercial 2,988 2,988 — 3,041 152 123 Land 450 450 — 492 — — Consumer loans: Home equity and second mortgage 394 394 — 436 6 5 Other 3 3 — 7 — — Commercial business loans 59 108 — 121 — — Subtotal 4,282 4,375 — 4,567 189 159 With an allowance recorded: Consumer loans: Home equity and second mortgage — — — 145 — — Commercial business loans 250 250 127 268 — — Subtotal 250 250 127 413 — — Total: Mortgage loans: One- to four-family 388 432 — 470 31 31 Commercial 2,988 2,988 — 3,041 152 123 Land 450 450 — 492 — — Consumer loans: Home equity and second mortgage 394 394 — 581 6 5 Other 3 3 — 7 — — Commercial business loans 309 358 127 389 — — Total $ 4,532 $ 4,625 $ 127 $ 4,980 $ 189 $ 159 The following table is a summary of information related to impaired loans by portfolio segment as of and for the year ended September 30, 2021 (dollars in thousands): September 30, 2021 For the Year Ended September 30, 2021 Recorded Unpaid Principal Related Average Interest Cash Basis With no related allowance recorded: Mortgage loans: One- to four-family $ 407 $ 450 $ — $ 655 $ 58 $ 52 Commercial 3,143 3,143 — 3,039 159 127 Land 321 321 — 292 2 2 Consumer loans: Home equity and second mortgage 516 516 — 552 1 1 Other 17 17 — 12 — — Commercial business loans 164 168 — 200 — — Subtotal 4,568 4,615 — 4,750 220 182 With an allowance recorded: Mortgage loans: One- to four-family — — — 97 — — Land 362 362 76 72 — — Consumer loans: Commercial business loans 294 294 171 285 — — Subtotal 656 656 247 454 — — Total: Mortgage loans: One- to four-family 407 450 — 752 58 52 Commercial 3,143 3,143 — 3,039 159 127 Land 683 683 76 364 2 2 Consumer loans: Home equity and second mortgage 516 516 — 552 1 1 Other 17 17 — 12 — — Commercial business loans 458 462 171 485 — — Total $ 5,224 $ 5,271 $ 247 $ 5,204 $ 220 $ 182 The following table is a summary of information related to impaired loans by portfolio segment as of and for the year ended September 30, 2020 (dollars in thousands): September 30, 2020 For the Year Ended September 30, 2020 Recorded Unpaid Principal Related Average Interest Cash Basis With no related allowance recorded: Mortgage loans: One- to four-family $ 659 $ 703 $ — $ 1,127 $ 44 $ 34 Commercial 3,242 3,242 — 3,236 133 107 Land 394 438 — 125 — — Consumer loans: Home equity and second mortgage 555 555 — 581 — — Other 9 9 — 6 — — Commercial business loans 182 182 — 176 — — Subtotal 5,041 5,129 — 5,251 177 141 With an allowance recorded: Mortgage loans: One- to four-family 484 484 3 194 16 8 Land — — — 110 — — Consumer loans: Other — — — 7 — — Commercial business loans 248 248 38 370 — — Subtotal 732 732 41 681 16 8 Total: Mortgage loans: One- to four-family 1,143 1,187 3 1,321 60 42 Commercial 3,242 3,242 — 3,236 133 107 Land 394 438 — 235 — — Consumer loans: Home equity and second mortgage 555 555 — 581 — — Other 9 9 — 13 — — Commercial business loans 430 430 38 546 — — Total $ 5,773 $ 5,861 $ 41 $ 5,932 $ 193 $ 149 The following table details the COVID-19 loan modifications on deferral status as of September 30, 2021 (dollars in thousands): COVID-19 Loan Modifications Mortgage loans Number Balance Percent One- to four-family 1 $ 323 100.0 % Total COVID-19 modifications 1 $ 323 100.0 % The Company had $2,615,000 in TDRs included in impaired loans at September 30, 2022 and had no commitments to lend additional funds on these loans. The Company had $2,553,000 in TDRs included in impaired loans at September 30, 2021 and had no commitments to lend additional funds on these loans. None of the allowance for loan losses was allocated to TDRs at September 30, 2022 and 2021. The following tables set forth information with respect to the Company’s TDRs by interest accrual status as of September 30, 2022 and 2021 (dollars in thousands): 2022 Accruing Non-Accrual Total Mortgage loans: Commercial $ 2,330 $ — $ 2,330 Land — 88 88 Consumer loans: Home equity and second mortgage 142 55 197 Total $ 2,472 $ 143 $ 2,615 2021 Accruing Non-Accrual Total Mortgage loans: Commercial $ 2,371 $ — $ 2,371 Land — 119 119 Consumer loans: Home equity and second mortgage — 63 63 Total $ 2,371 $ 182 $ 2,553 There was one new TDR recognized during the year ended September 30, 2022. There were no new TDRs during the years ended September 30, 2021 and 2020. The following table sets forth information with respect to the Company's TDRs, by portfolio segment, added during the year ended September 30, 2022: 2022 Number of Pre-Modification Post- Modification End of Home equity and second mortgage loans (1) 1 $ 136 $ 145 $ 142 Total 1 $ 136 $ 145 $ 142 (1) Modification resulted in an extension of maturity and deferral of accrued interest. There were no TDRs for which there was a payment default within the first 12 months of modification during the years ended September 30, 2022, 2021 or 2020. |
