v3.25.4
Allowance for Credit Losses on Loans and Leases
 12 Months Ended
Dec. 31, 2025
Credit Loss [Abstract]  
Allowance for Credit Losses on Loans and Leases Allowance for Credit Losses on Loans and Leases
The following table summarizes activity in the ACL on loans and leases for the periods indicated:

Multi- Family
Commercial Real Estate(1)
One-to-Four Family First Mortgage
Commercial and Industrial
OtherTotal
Year Ended December 31, 2025
Balance, beginning of period$639 $304 $39 $150 $69 $1,201 
Charge-offs(285)(41)(4)(87)(32)(449)
Recoveries508—281298 
Provision for (recovery of) credit losses on loans and leases145(42)—5918180 
Balance, end of period$549 $229 $35 $150 $67 $1,030 
Year Ended December 31, 2024
Balance, beginning of period$307 $402 $47 $131 $105 $992 
Charge-offs(308)(466)(8)(136)(20)(938)
Recoveries58521746 
Provision for (recovery of) credit losses on loans and leases635360(5)134(23)1,101 
Balance, end of period$639 $304 $39 $150 $69 $1,201 
Year Ended December 31, 2023
Balance, beginning of period$178 $67 $46 $38 $64 $393 
Adjustment for Purchased PCD Loans———13—13 
Charge-offs(119)(56)(4)(30)(14)(223)
Recoveries———10515 
Provision for (recovery of) credit losses on loans and leases248391510050794 
Balance, end of period$307 $402 $47 $131 $105 $992 
(1)Includes ADC loans.

Interest rates remain high as compared to the interest rates in our existing portfolio, which continues to put pressure on the ability of certain borrowers with interest rates resetting to cover debt service. When combined with inflationary pressure on operating costs and limits on the ability to increase rental rates, debt service levels may approach or exceed some properties' net operating income, which increases the risk of loss.
The ACL to total loans and leases held for investment ratio as of December 31, 2025 and December 31, 2024 was 1.70 percent and 1.76 percent, respectively. We believe that higher interest rates for a longer period of time will have a more significant impact on our loans that will reprice during the reasonable and supportable forecast period. Therefore, we have continued to incorporate a higher probability of default for those loans approaching their scheduled repricing date in the measurement of our ACL.

The following table presents additional information about our non-accrual loans as of December 31, 2025:

Non-accrual loans with no related allowance:
Non-accrual loans with an allowance recorded:
Total non-accrual loans
Related Allowance
Multi-family$1,141 $1,120 $2,261 $99 
Commercial real estate(1)
319170489 60
One-to-four family first mortgage402464 2
Commercial and Industrial
3793130 32
Other
—3131 29
Total
$1,537 $1,438 $2,975 $222 
(1)Includes ADC loans.

The following table presents additional information about our non-accrual loans as of December 31, 2024:
Non-accrual loans with no related allowance:Non-accrual loans with an allowance recorded:
Total non-accrual loans
Related Allowance
Multi-family$1,092 $663 $1,755 $77 
Commercial real estate(1)
429135564 31
One-to-four family first mortgage61970 1
Commercial and Industrial
51151202 —
Other
32124 55
Total
$1,636 $979 $2,615 $164 
(1)Includes ADC loans.