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