Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 3 The Company has defined its loan portfolio into three three Loan amounts are net of unearned loan fees in excess of unamortized costs and premiums of $14.8 million and $13.2 million as of December 31, 2023 2022 not December 31, 2023 2022 The amortized cost of loans receivable, net of ACLL, consisted of the following at the dates indicated: December 31, 2023 December 31, 2022 (In thousands) Real Estate: One-to-four family $ 378,432 $ 343,559 Multi-family 333,094 252,745 Commercial real estate 387,983 388,884 Construction and land 129,691 193,646 Total real estate loans 1,229,200 1,178,834 Consumer: Home equity 69,403 52,877 Auto and other consumer 249,130 238,913 Total consumer loans 318,533 291,790 Commercial business loans 112,295 76,927 Total loans receivable 1,660,028 1,547,551 Less: Allowance for credit losses on loans (1) 17,510 16,116 Total loans receivable, net $ 1,642,518 $ 1,531,435 ( 1 2023 2022 Loans, by the earlier of next repricing date or maturity, at the dates indicated: December 31, 2023 December 31, 2022 (In thousands) Adjustable-rate loans Due within one year $ 353,493 $ 329,190 After one but within five years 314,634 276,676 After five but within ten years 51,528 51,317 After ten years — 888 Total adjustable-rate loans 719,655 658,071 Fixed-rate loans Due within one year $ 49,582 $ 3,479 After one but within five years 167,137 189,768 After five but within ten years 205,188 220,224 After ten years 518,466 476,009 Total fixed-rate loans 940,373 889,480 Total loans receivable $ 1,660,028 $ 1,547,551 The adjustable-rate loans have interest rate adjustment limitations and are generally indexed to multiple indices. Future market factors may The following table presents the amortized cost of nonaccrual loans by class of loan at the dates indicated: December 31, 2023 December 31, 2022 Collateral Dependent Loans Non-collateral Dependent Loans Total Nonaccrual Loans Total Nonaccrual Loans (1) (In thousands) One-to-four family $1,426 $ 418 $ 1,844 $ 954 Commercial real estate — 28 28 53 Construction and land 14,981 5 14,986 15 Home equity 30 93 123 196 Auto and other consumer 180 606 786 575 Commercial business loans 877 — 877 — Total nonaccrual loans $ 17,494 $1,150 $ 18,644 $ 1,793 ( 1 December 31, 2022, Interest income recognized on a cash basis on nonaccrual loans for the year ended was $58,000. Prior to the implementation of CECL, the Bank categorized loans as performing or nonperforming based on payment activity. Loans that were more than 90 The following table represents the credit risk profile based on payment activity by class of loans as of December 31, 2022 Nonperforming Performing Total (In thousands) Real Estate: One-to-four family $ 954 $ 342,605 $ 343,559 Multi-family — 252,745 252,745 Commercial real estate 53 388,831 388,884 Construction and land 15 193,631 193,646 Consumer: Home equity 196 52,681 52,877 Auto and other consumer 575 238,338 238,913 Commercial business loans — 76,927 76,927 Total loans receivable $ 1,793 $ 1,545,758 $ 1,547,551 Past due loans. not no 90 December 31, 2023 2022 The following table presents the amortized cost of past due loans by segment and class as of December 31, 2023 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total loans receivable (In thousands) Real Estate: One-to-four family $ 802 $ — $ 1,010 $ 1,812 $ 376,620 $ 378,432 Multi-family — — — — 333,094 333,094 Commercial real estate — 8,526 — 8,526 379,457 387,983 Construction and land 14 — — 14 129,677 129,691 Total real estate loans 816 8,526 1,010 10,352 1,218,848 1,229,200 Consumer: Home equity 59 — — 59 69,344 69,403 Auto and other consumer 1,854 601 791 3,246 245,884 249,130 Total consumer loans 1,913 601 791 3,305 315,228 318,533 Commercial business loans 1,117 757 — 1,874 110,421 112,295 Total loans receivable $ 3,846 $ 9,884 $ 1,801 $ 15,531 $ 1,644,497 $ 1,660,028 The following table presents the amortized cost of past due loans by segment and class as of December 31, 2022 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total loans receivable (In thousands) Real Estate: One-to-four family $ 1,449 $ 155 $ 652 $ 2,256 $ 341,303 $ 343,559 Multi-family — — — — 252,745 252,745 Commercial real estate — — — — 388,884 388,884 Construction and land — 18 — 18 193,628 193,646 Total real estate loans 1,449 173 652 2,274 1,176,560 1,178,834 Consumer: Home equity 153 — 11 164 52,713 52,877 Auto and other consumer 1,390 698 557 2,645 236,268 238,913 Total consumer loans 1,543 698 568 2,809 288,981 291,790 Commercial business loans — — — — 76,927 76,927 Total loans receivable $ 2,992 $ 871 $ 1,220 $ 5,083 $ 1,542,468 $ 1,547,551 Credit quality indicator. 6, 7, 8 8 not not When First Fed classifies problem assets as either substandard or doubtful, it may may not not not 4 5 not 1 3 The following table presents the amortized cost of loans receivable by internally assigned risk grade and class of loans as of December 31, 2023 December 31, 2023 90 Term Loans by Year of Origination (1) Revolving Total 2023 2022 2021 2020 2019 Prior Loans Loans (In thousands) One-to-four family Pass (Grades 1-3) $ 2,282 $ 102,389 $ 118,028 $ 69,229 $ 13,882 $ 65,701 $ — $ 371,511 Watch (Grade 4) — 275 1,338 1,569 — 1,295 — 4,477 Special Mention (Grade 5) — — — 300 — 80 — 380 Substandard (Grade 6) — — — 327 482 1,255 — 2,064 Total one-to-four family 2,282 102,664 119,366 71,425 14,364 68,331 — 378,432 Gross charge-offs — — — — — — — — Multi-family Pass (Grades 1-3) 52,208 105,902 88,293 57,588 6,922 5,356 — 316,269 Watch (Grade 4) — — 15,126 708 — 991 — 16,825 Total multi-family 52,208 105,902 103,419 58,296 6,922 6,347 — 333,094 Gross charge-offs — — — — — — — — Commercial Real Estate Pass (Grades 1-3) 52,823 87,712 99,058 76,664 13,096 22,425 — 351,778 Watch (Grade 4) 4,433 1,168 1,340 8,829 3,561 496 — 19,827 Special Mention (Grade 5) — — 6,528 — — 2 — 6,530 Substandard (Grade 6) — 28 8,526 1,294 — — — 9,848 Total commercial real estate 57,256 88,908 115,452 86,787 16,657 22,923 — 387,983 Gross charge-offs — — — — — — — — Construction and Land Pass (Grades 1-3) 20,772 49,508 23,988 727 344 464 — 95,803 Watch (Grade 4) 6,512 4,935 229 — — 15 — 11,691 Special Mention (Grade 5) 7,196 — — — — 14 — 7,210 Substandard (Grade 6) 14,981 — — — — 6 — 14,987 Total construction and land 49,461 54,443 24,217 727 344 499 — 129,691 Gross charge-offs — — — — — — — — Home Equity Pass (Grades 1-3) 7,179 7,169 4,638 3,063 1,331 4,283 41,105 68,768 Watch (Grade 4) — — — — — 155 345 500 Substandard (Grade 6) — — 30 59 — 13 33 135 Total home equity 7,179 7,169 4,668 3,122 1,331 4,451 41,483 69,403 Gross charge-offs — — — — — 10 — 10 Auto and Other Consumer Pass (Grades 1-3) 49,649 69,052 64,101 29,113 14,660 18,593 385 245,553 Watch (Grade 4) 270 919 579 204 138 59 4 2,173 Special Mention (Grade 5) 90 334 33 162 — — — 619 Substandard (Grade 6) 84 393 — — 30 278 — 785 Total auto and other consumer 50,093 70,698 64,713 29,479 14,828 18,930 389 249,130 Gross charge-offs — 3,018 15 52 11 112 104 3,312 Commercial business Pass (Grades 1-3) 23,499 19,191 11,032 2,440 455 13,635 29,976 100,228 Watch (Grade 4) 340 62 275 270 — (1 ) 3,806 4,752 Substandard (Grade 6) 291 3,653 104 779 — (1 ) 2,489 7,315 Total commercial business 24,130 22,906 11,411 3,489 455 13,633 36,271 112,295 Gross charge-offs — — — — — — — — Total loans Pass (Grades 1-3) 208,412 440,923 409,138 238,824 50,690 130,457 71,466 1,549,910 Watch (Grade 4) 11,555 7,359 18,887 11,580 3,699 3,010 4,155 60,245 Special Mention (Grade 5) 7,286 334 6,561 462 — 96 — 14,739 Substandard (Grade 6) 15,356 4,074 8,660 2,459 512 1,551 2,522 35,134 Total loans $ 242,609 $ 452,690 $ 443,246 $ 253,325 $ 54,901 $ 135,114 $ 78,143 $ 1,660,028 Total gross charge-offs $ — $ 3,018 $ 15 $ 52 $ 11 $ 122 $ 104 $ 3,322 ( 1 90 The following table presents the amortized cost of loans receivable by internally assigned risk grade and class of loans as of December 31, 2022 Pass Watch Special Mention Substandard Total (In thousands) Real Estate: One-to-four family $ 339,812 $ 2,234 $ 27 $ 1,486 $ 343,559 Multi-family 237,077 15,668 — — 252,745 Commercial real estate 350,001 25,586 12,161 1,136 388,884 Construction and land 179,116 529 — 14,001 193,646 Total real estate loans 1,106,006 44,017 12,188 16,623 1,178,834 Consumer: Home equity 52,295 372 14 196 52,877 Auto and other consumer 238,522 222 75 94 238,913 Total consumer loans 290,817 594 89 290 291,790 Commercial business loans 66,276 2,234 8,417 — 76,927 Total loans receivable $ 1,463,099 $ 46,845 $ 20,694 $ 16,913 $ 1,547,551 Individually Evaluated Loans. 326 no Loans that are deemed by management to possess unique risk characteristics are evaluated individually for purposes of determining an appropriate lifetime ACLL. The Company uses a discounted cash flow approach, using the loan’s effective interest rate, for determining the ACL on individually evaluated loans, unless the loan is deemed collateral dependent. Collateral dependent loans are evaluated based on the estimated fair value of the underlying collateral, less estimated costs to sell. The Company may no December 31, 2023 December 31, 2023 one December 31, 2023 Collateral Dependent Loans. The following table summarizes individually evaluated collateral dependent loans by segment and collateral type as of December 31, 2023 Collateral Type Single Family Residence Condominium Automobile Business Assets Total (In thousands) One-to-four family $ 1,426 $ — $ — $ — $ 1,426 Construction and land — 14,981 — — 14,981 Home equity 30 — — — 30 Auto and other consumer — — 180 — 180 Commercial business — 119 — 652 771 Total collateral dependent loans $ 1,456 $ 15,100 $ 180 $ 652 $ 17,388 Troubled debt restructuring. January 1, 2023, The following table is a summary of information pertaining to TDR loans included in impaired loans at the date indicated, in accordance with pre-CECL disclosure requirements: December 31, 2022 (In thousands) Total TDR loans $ 1,753 Allowance for loan losses related to TDR loans 18 Total nonaccrual TDR loans 29 There were no December 31, 2022 There were no 12 December 31, 2022 The following table presents TDR loans by class by accrual and nonaccrual status at the date indicated, in accordance with pre-CECL disclosure requirements: December 31, 2022 Accrual Nonaccrual Total (In thousands) One-to-four family $ 1,697 $ 29 $ 1,726 Home equity 27 — 27 Total TDR loans $ 1,724 $ 29 $ 1,753 Modified Loans to Troubled Borrowers. January 1, 2023, 2022 02, no During the year ended December 31, 2023 |