LOANS (Tables)

6 Months Ended

Jun. 30, 2025


	June 30, 2025		December 31, 2024

	(In thousands)
	Unaudited
Mortgage loans on real estate:
One-to four-family first lien residential	$	96,371	$	101,236
Residential construction		1,026		1,288
Home equity loans and lines of credit		14,281		11,916
Commercial		69,903		59,505
Total mortgage loans on real estate		181,581		173,945
Commercial and industrial		23,207		23,411
Consumer loans		5,063		5,339
Total loans		209,851		202,695
Allowance for credit losses		(1,751)		(1,804)
Net deferred loan origination (fees) and costs		1,497		1,538
Net loans	$	209,597	$	202,429

The following table presents the loans to customers as of June 30, 2025, based on year of origination within each credit quality indicator:

At June 30, 2025

Unaudited

(In thousands)


															Revolving
															Loans
															Converted
													Revolving		to Term
													Loans		Loans
													Amortized		Amortized
	2025		2024		2023		2022		2021		Prior		Cost Basis		Cost Basis		Total
Mortgage loans on real estate:
One-to-four-family first lien residential:
Pass	$	854	$	2,908	$	11,076	$	17,336	$	10,727	$	53,470	$	—	$	—	$	96,371
Total		854		2,908		11,076		17,336		10,727		53,470		—		—		96,371
Current period gross write-offs		—		—		—		—		—		—		—		—		—

Residential construction:
Pass		—		757		—		117		—		152		—		—		1,026
Total		—		757		—		117		—		152		—		—		1,026
Current period gross write-offs		—		—		—		—		—		—		—		—		—

Home equity loans and lines of credit:
Pass		89		651		—		—		—		63		13,366		112		14,281
Total		89		651		—		—		—		63		13,366		112		14,281
Current period gross write-offs		—		—		—		—		—		—		—		—		—

Commercial:
Pass		13,177		8,998		12,034		8,127		6,762		18,062		—		—		67,160
Special Mention		—		583		—		—		—		—		—		—		583
Substandard		—		495		—		—		—		1,665		—		—		2,160
Total		13,177		10,076		12,034		8,127		6,762		19,727		—		—		69,903
Current period gross write-offs		—		—		—		—		—		—		—		—		—

Commercial and Industrial:
Pass		3,230		5,208		4,374		3,405		1,580		2,658		—		—		20,455
Special Mention		—		324		110		1,656		—		—		—		—		2,090
Substandard		—		662		—		—		—		—		—		—		662
Total		3,230		6,194		4,484		5,061		1,580		2,658		—		—		23,207
Current period gross write-offs		—		—		644		7		4		(2)		—		—		653

Consumer:
Pass		498		2,034		865		1,054		250		268		93		1		5,063
Total		498		2,034		865		1,054		250		268		93		1		5,063
Current period gross write-offs	$	—	$	15	$	6	$	—	$	—	$	—	$	—	$	—	$	21

The following tables present the loans to customers as of December 31, 2024, based on year of origination within each credit quality indicator:

At December 31, 2024

(In thousands)


															Revolving
															Loans
															Converted
													Revolving		to Term
													Loans		Loans
													Amortized		Amortized
	2024		2023		2022		2021		2020		Prior		Cost Basis		Cost Basis		Total
Mortgage loans on real estate:
One-to-four-family first lien residential:
Pass	$	5,633	$	12,938	$	18,451	$	11,101	$	7,929	$	45,184	$	—	$	—	$	101,236
Total		5,633		12,938		18,451		11,101		7,929		45,184		—		—		101,236
Current period gross write-offs		—		—		—		—		—		—		—		—		—

Residential construction:
Pass		1,006		—		120		—		101		61		—		—		1,288
Total		1,006		—		120		—		101		61		—		—		1,288
Current period gross write-offs		—		—		—		—		—		—		—		—		—

Home equity loans and lines of credit:
Pass		768		—		—		—		—		65		10,895		188		11,916
Total		768		—		—		—		—		65		10,895		188		11,916
Current period gross write-offs		—		—		—		—		—		—		—		—		—

Commercial:
Pass		9,609		12,513		8,375		6,939		4,434		15,124		—		—		56,994
Substandard		500		—		—		—		97		1,914		—		—		2,511
Total		10,109		12,513		8,375		6,939		4,531		17,038		—		—		59,505
Current period gross write-offs		—		—		—		—		—		—		—		—		—

Commercial and Industrial:
Pass		6,145		5,802		5,975		1,656		1,502		1,593		—		—		22,673
Substandard		738		—		—		—		—		—		—		—		738
Total		6,883		5,802		5,975		1,656		1,502		1,593		—		—		23,411
Current period gross write-offs		—		31		—		25		—		22		—		—		78

Consumer:
Pass		2,536		1,038		1,406		271		47		41		—		—		5,339
Total		2,536		1,038		1,406		271		47		41		—		—		5,339
Current period gross write-offs	$	4	$	10	$	4	$	—	$	—	$	—	$	—	$	—	$	18


	June 30, 2025
	(Unaudited)
	(In thousands)
	30-59 Days		60-89 Days		90 Days		Total Past-				Total Loans
	Past-Due		Past-Due		Past-Due		Due		Current		Receivable
Mortgage loans on real estate:
One-to four-family first lien residential	$	961	$	187	$	293	$	1,441	$	94,930	$	96,371
Residential construction		—		—		—		—		1,026		1,026
Home equity loans and lines of credit		—		—		32		32		14,249		14,281
Commercial		333		—		—		333		69,570		69,903
Total mortgage loans on real estate		1,294		187		325		1,806		179,775		181,581
Commercial and industrial		102		—		97		199		23,008		23,207
Consumer loans		—		15		1		16		5,047		5,063
Total loans	$	1,396	$	202	$	423	$	2,021	$	207,830	$	209,851


	December 31, 2024
	(In thousands)
	30-59 Days		60-89 Days		90 Days		Total Past-				Total Loans
	Past-Due		Past-Due		Past-Due		Due		Current		Receivable
Mortgage loans on real estate:
One-to four-family first lien residential	$	1,089	$	230	$	369	$	1,688	$	99,548	$	101,236
Residential construction		—		—		—		—		1,288		1,288
Home equity loans and lines of credit		1		—		32		33		11,883		11,916
Commercial		371		—		—		371		59,134		59,505
Total mortgage loans on real estate		1,461		230		401		2,092		171,853		173,945
Commercial and industrial		513		—		—		513		22,898		23,411
Consumer loans		5		9		—		14		5,325		5,339
Total loans	$	1,979	$	239	$	401	$	2,619	$	200,076	$	202,695


June 30, 2025 Unaudited
(In thousands)
			Nonaccrual
			loans
			without
			related
			allowance
			for		Recognized
	Nonaccrual		credit		interest
	loans		losses		income
Mortgage loans on real estate:
One-to four-family first lien	$	369	$	369	$	—
Residential construction		—		—		—
Home equity loans and lines of credit		—		—		—
Commercial		43		43		—
Consumer loans		—		—		—
Total nonaccrual loans	$	412	$	412	$	—


December 31, 2024
(In thousands)
			Nonaccrual
			loans
			without
			related
			allowance
			for		Recognized
	Nonaccrual		credit		interest
	loans		losses		income
Mortgage loans on real estate:
One-to four-family first lien	$	369	$	369	$	—
Residential construction		—		—		—
Home equity loans and lines of credit		—		—		—
Commercial		46		—		—
Consumer loans		—		—		—
Total nonaccrual loans	$	415	$	369	$	—


June 30, 2025 (Unaudited)
(In thousands)
	Amortized cost		Collateral type
Real estate:
Residential 1-4 family	$	615	Residential real estate property
Home equity line of credit		32	Residential real estate property
Commercial real estate		14	Commercial real estate property
Total real estate	$	661


Commercial and industrial loans	$	47	Commercial business assets
Total commercial and industrial	$	47


December 31, 2024
(In thousands)
	Amortized cost		Collateral type
Real estate:
Residential 1-4 family	$	620	Residential real estate property
Home equity line of credit		32	Residential real estate property
Total real estate	$	652


	Amortized Cost
	Basis		% of Total Class
	at June 30, 2025		of Financing
	(Unaudited)		Receivable
Mortgage loans on real estate:
Commercial	$	485	0.69	%
Total	$	485

Seneca Bancorp, Inc. 10-Q