Annual report pursuant to Section 13 and 15(d)

Note 3 - Loans (Tables)

v3.24.1
Note 3 - Loans (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
   

December 31, 2023

   

December 31, 2022

 
      (Dollars in thousands)  

First mortgage loans

               

1-4 family residential

  $ 111,081     $ 95,584  

Multi-family

    3,111       3,237  

Commercial

    3,835       3,921  

Construction

    2,508       —  

Total first mortgage loans

    120,535       102,742  

Consumer loans

    248       249  

Total loans

    120,783       102,991  

Net deferred loan costs

    1,016       992  

Allowance for credit losses on loans

    (1,176 )     (624 )

Total loans, net

  $ 120,623     $ 103,359