Annual report [Section 13 and 15(d), not S-K Item 405]

Note 3 - Loans (Tables)

v3.25.1
Note 3 - Loans (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
   

December 31, 2024

   

December 31, 2023

 
      (Dollars in thousands)  

First mortgage loans

               

1-4 family residential

  $ 119,409     $ 111,081  

Multi-family

    3,368       3,111  

Commercial

    4,197       3,835  

Construction

    3,651       2,508  

Total first mortgage loans

    130,625       120,535  

Consumer loans

    282       248  

Total loans

    130,907       120,783  

Net deferred loan costs

    650       1,016  

Allowance for credit losses on loans

    (1,201 )     (1,176 )

Total loans, net

  $ 130,356     $ 120,623