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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number: 001-42990

HOYNE BANCORP, INC.

(Exact name of registrant as specified in its charter)

Delaware	39-2556785
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)

810 S. Oak Park Avenue

Oak Park, Illinois

(Address of Principal Executive Offices)

60304

(Zip code)

(708) 434-4300

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, par value $0.01 per share	HYNE	NASDAQ Capital Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐

Non-accelerated filer	☒	Smaller reporting company	☒	Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

8,096,938 shares of the registrant’s common stock, par value $.01 per share, were issued and outstanding as of May 12, 2026.

Table of Contents

Hoyne Bancorp, Inc.

Form 10-Q

TABLE OF CONTENTS


			Page

Part I	Financial Information		4

Item 1.	Financial Statements		4

	Consolidated Statement of Financial Condition as of March 31, 2026 and December 31, 2025		4

	Consolidated Statement of Operations and Comprehensive Income (Loss) for the Three Months Ended March 31, 2026 and 2025		5

	Consolidated Statement of Changes in Stockholders’ Equity for the Three Months Ended March 31, 2026 and 2025		6

	Consolidated Statement of Cash Flows for the Three Months Ended March 31, 2026 and 2025		7

	Notes to the Consolidated Financial Statements		8

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		29

Item 3.	Quantitative and Qualitative Disclosures about Market Risk		38

Item 4.	Controls and Procedures		38

Part II	Other Information		40

Item 1.	Legal Proceedings		40

Item 1A.	Risk Factors		40

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		40

Item 3.	Defaults Upon Senior Securities		40

Item 4.	Mine Safety Disclosures		40

Item 5.	Other Information		40

Item 6.	Exhibits		40

Exhibit Index			41

Signatures			42

Table of Contents

Explanatory Note

Hoyne Bancorp, Inc. was formed to serve as the stock holding company for Hoyne Savings Bank in connection with the conversion of Hoyne Savings, MHC, the mutual holding company and sole stockholder of Hoyne Financial Corporation and Hoyne Savings Bank, from the mutual form of organization to the stock form of organization, which was completed December 3, 2025. Accordingly, certain financial statements and other financial information at or prior to December 3, 2025, contained in this Form 10-Q relate solely to the consolidated financial results of Hoyne Savings, MHC, and its consolidated subsidiaries, Hoyne Financial Corporations and Hoyne Savings Bank. The results as of and for the year ended December 31, 2025 include the results of Hoyne Bancorp, Inc. and its subsidiary, Hoyne Savings Bank.

Table of Contents

PART I —FINANCIAL INFORMATION

Item 1. Financial Statements

HOYNE BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENT OF FINANCIAL CONDITION


		March 31, 2026			December 31, 2025
		(unaudited)			(audited)
Assets
Cash and cash equivalents		$	13,489,530		$	47,595,452
Certificates of deposit			870,000			870,000
Investment securities:
Available-for-sale, (amortized cost of $119,284,229 and $121,879,182 at March 31, 2026 and December 31, 2025, respectively)			103,699,246			106,653,763
Held-to-maturity, at amortized cost			27,189,304			28,368,567
Federal Home Loan Bank of Chicago stock (FHLB)			1,165,700			1,165,700
Bankers Bank stock			992,250			992,250
Real Estate Owned (REO)			729,427			729,427
Loans receivable, net of allowance for credit losses of $2,816,819 and $2,681,819 at March 31, 2026 and December 31, 2025, respectively			288,635,189			267,948,847
Premises and equipment, net			7,309,221			7,419,746
Accrued interest receivable			1,610,609			1,450,864
Bank-owned life insurance (BOLI)			20,133,252			14,948,941
Core deposit intangibles			92,001			138,000
Deferred tax assets			9,407,921			9,365,776
Other assets			1,898,336			1,730,128
Total assets		$	477,221,986		$	489,377,461
Liabilities and Stockholders' Equity
Liabilities:
Deposits		$	311,985,430		$	321,550,766
Advances from borrowers for taxes and insurance			1,422,063			3,060,374
Accounts payable and accrued expenses			2,731,892			3,400,711
Total liabilities			316,139,385			328,011,851
Stockholders' Equity:
Preferred stock, $0.01 par value, 500,000 shares authorized, none issued			-			-
Common stock, $0.01 par value, 9,500,000 shares authorized, 8,096,938 issued and outstanding			80,969			80,969
Unallocated common stock - ESOP			(6,391,190)			(6,455,960)
Additional paid-in capital			77,268,523			77,240,509
Retained earnings			101,267,915			101,386,267
Accumulated other comprehensive loss			(11,143,616)			(10,886,175)
Total stockholders' equity			161,082,601			161,365,610
Total liabilities and stockholders' equity		$	477,221,986		$	489,377,461

The accompanying notes are an integral part of these condensed consolidated financial statements.

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HOYNE BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended March 31, 2026 and 2025


		Three Months Ended March 31,
		2026			2025
		(unaudited)			(unaudited)
Interest income:
Loans receivable		$	4,235,211		$	3,620,723
Investment securities			693,001			827,232
Other			327,138			229,455
Total interest income			5,255,350			4,677,410
Interest expense, deposits			(1,050,851)			(1,664,933)
Net interest income			4,204,499			3,012,477
Provision for credit losses			(135,000)			(135,000)
Net interest income after provision for credit losses			4,069,499			2,877,477
Noninterest income:
Customer service fees			94,554			137,952
Other			184,311			161,078
Total noninterest income			278,865			299,030
Noninterest expense:
Compensation			(2,448,758)			(1,858,017)
Occupancy			(626,395)			(560,851)
Advertising			(67,939)			(4,808)
Amortization of core deposit intangible			(45,999)			(46,000)
Other			(1,333,825)			(949,404)
Total noninterest expense			(4,522,916)			(3,419,080)
Income (Loss) before income taxes			(174,552)			(242,573)
Income tax (benefit):
Tax Expense (benefit)			(56,200)			(76,538)
Net income (loss)			(118,352)			(166,035)

Earnings (loss) per share - basic and diluted			($ 0.02)			—
Weighted-average shares outstanding - basic and diluted			7,457,819			—

Other comprehensive income (loss):
Unrealized gain (loss) on securities available-for-sale, net of income taxes of ($102,617) in 2026, $904,199 in 2025			(257,441)			2,268,430
Total other comprehensive income			(257,441)			2,268,430
Comprehensive income (loss)		$	(375,793)		$	2,102,395

The accompanying notes are an integral part of these condensed consolidated financial statements.

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HOYNE BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY

For the Three Months Ended March 31, 2026 and 2025


											Accumulated
			Unallocated								Other
	Common		Common Stock -			Additional			Retained		Comprehensive
	Stock		ESOP			Paid-in Capital			Earnings		Income (loss)		Total

									Three Months Ended March 31, 2025
Balance at December 31, 2024	$	—	$	—		$	—		$	101,720,939	$	(15,890,577)	$	85,830,362
Net income (loss)										(166,035)				(166,035)
Other comprehensive income												2,268,430		2,268,430
Balance, March 31, 2025	$	—	$	—		$	—		$	101,554,904	$	(13,622,147)	$	87,932,757

									Three Months Ended March 31, 2026
Balance at December 31, 2025	$	80,969	$	(6,455,960)		$	77,240,509		$	101,386,267	$	(10,886,175)	$	161,365,610
Net income (loss)										(118,352)				(118,352)
ESOP shares committed to be released				64,770			28,014							92,784
Other comprehensive loss												(257,441)		(257,441)
Balance, March 31, 2026	$	80,969	$	(6,391,190)		$	77,268,523		$	101,267,915	$	(11,143,616)	$	161,082,601

The accompanying notes are an integral part of these condensed consolidated financial statements.

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HOYNE BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2026 and 2025


		For the Three Months Ended March 31,
		2026		2025
		(unaudited)		(unaudited)
Net cash flows from operating activities:
Net Income (loss)		$	(118,352)	$	(166,035)
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation			159,173		137,285
(Accretion) amortization of premiums and discounts			(9,838)		8,231
Provision for credit losses			135,000		135,000
Amortization of core deposit intangible			45,999		46,000
Accretion of Loan credit and yield adjustment			(5,285)		(10,122)
Increase in cash surrender value of BOLI			(184,311)		(162,504)
ESOP compensation expense			92,784		—
Change in other assets			(168,208)		111,604
Change in accrued interest receivable			(159,745)		42,825
Deferred income tax benefit			60,472		(404,199)
Change in accounts payable and accrued expenses			(668,819)		1,167,328
Net cash flows provided (used) by operating activities			(821,130)		905,413
Net cash flows from investing activities:
Purchase of BOLI			(5,000,000)		—
Proceeds from maturities of certificates of deposit			870,000		1,350,000
Purchase of certificates of deposit			(870,000)		(870,000)
Proceeds from repayment of available-for-sale securities			2,606,703		4,581,099
Repayment of held-to-maturity securities			1,176,857		1,482,337
Change in loans receivable			(20,816,057)		(4,671,096)
Disposal of fixed assets			—		635,230
Purchase of premises and equipment			(48,648)		(172,129)
Net cash flows provided (used) by investing activities			(22,081,145)		2,335,441
Net cash flows from financing activities:
Change in deposit accounts			(9,565,336)		13,593,295
Change in advances from borrowers for taxes and insurance			(1,638,311)		(957,933)
Net cash flows provided (used) by financing activities			(11,203,647)		12,635,362
Net change in cash and cash equivalents			(34,105,922)		15,876,216
Cash and cash equivalents:
Beginning of the period			47,595,452		15,327,048
End of the period		$	13,489,530	$	31,203,264
Supplemental cash flow information:
Cash paid during the period for Interest		$	1,202,067	$	1,746,178
Taxes paid during the period			—		—
Premises and Equipment transferred to ORE			—		729,427

The accompanying notes are an integral part of these condensed consolidated financial statements.

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HOYNE BANCORP, INC. AND SUBSIDIARY

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

1.Organization

Hoyne Bancorp, Inc, a Delaware corporation (the "Company") was formed to serve as the stock holding company for Hoyne Savings Bank ("Bank") as part of the mutual-to-stock conversion. Upon completion of the conversion, which occurred on December 3, 2025, Hoyne Bancorp, Inc. became 100% owner of Hoyne Savings Bank. 100% of the common stock of Hoyne Bancorp, Inc. is held by the public, Hoyne Charitable Foundation, and Employee Stock Ownership Program. The cost of the reorganization and the issuing of common stock totaling approximately $3.7 million were deferred and deducted from the sales proceeds of the offering. In connection with the mutual-to-stock conversion completed on December 3, 2025, Hoyne Savings, MHC and Hoyne Financial Corporation merged into Hoyne Bancorp, Inc. The merger eliminated $567,362 of negative shareholders' equity. As a holding company of an Illinois-chartered stock savings bank, Hoyne Bancorp, Inc. is regulated by the Board of Governors of the Federal Reserve System ("Federal Reserve Board"). In connection with the conversion, it also issued 161,938 shares of common stock and donated $250,000 in cash to Hoyne Charitable Foundation, Inc.

The unaudited consolidated financial statements and other financial information contained in this Quarterly Report on Form 10-Q should be read in conjunction with the audited consolidated financial statements and related notes of Hoyne Bancorp, Inc. at and for the years ended December 31, 2025 and 2024 contained in Hoyne Bancorp Inc.’s Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the Securities Exchange Commission on March 26, 2026.

2.Nature of Operations

Hoyne Savings Bank is an Illinois stock institution. The Bank operates as a single segment and its principal business consists of originating commercial real estate loans (including commercial construction), commercial and industrial loans, one to four residential loans, and to a lesser extent, home equity loans and lines of credit and other consumer loans in the market areas surrounding its branch footprint. The Bank also established a loan production office in Oak Park, Illinois in 2023 and attracts retail deposits from the general public as well as deposits from commercial customers in the areas surrounding the main office and branches, offering a wide variety of deposit products and services. The Bank also invests in securities. Its revenues are derived primarily from interest on loans and investment securities. Its primary sources of funds are deposits and principal and interest payments on loans and investment securities.

3.Summary of Significant Accounting Policies

The accompanying unaudited consolidated financial statements have been prepared in conformity with accounting principals generally accepted in the United States of America (“U.S. GAAP”) and conform to practices within the banking industry. The accounting policies followed in the preparation of the interim consolidated financial statements are consistent with those used in the preparation of the annual financial statements. The interim consolidated financial statements reflect all normal and recurring adjustments that are necessary, in the opinion of management, for fair statement of results for the interim periods presented. Results for the period ended March 31, 2026 are not necessarily indicative of the results that may be expected for the year ending December 31, 2026.

Principles of Consolidation — The consolidated financial statements for the three months ended March 31, 2026 include the accounts and results of operations of Hoyne Bancorp, Inc. and Hoyne Savings Bank. The comparable period in 2025 contains the results of Hoyne Savings, MHC, Hoyne Financial Corporation, and Hoyne Savings Bank and Prospect Services Incorporated. Significant intercompany accounts and transactions have been eliminated in consolidation.

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3.Summary of Significant Accounting Policies (continued)

Use of Estimates — The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and activities at the date of the financial statements, and during the reporting period. Actual results could differ from those estimates.

Significant estimates used in the preparation of these financial statements and disclosures include the allowance for credit losses, realizability of net deferred income tax assets and the fair values of financial instruments. For these estimates, it is reasonably possible that the recorded amounts or related disclosures could significantly change in the near future as more information is available.

Cash and Cash Equivalents — Cash and cash equivalents include cash on hand, demand deposits, and investment deposits with a maturity of three months or less.

Certificates of Deposit — Interest-bearing deposits are carried at cost and consist of short term certificates of deposit held at other financial institutions.

Investment Securities — Investment securities are classified in the following categories, and accounted for as follows (see Note 4 to the consolidated financial statements):

Debt Securities — Debt securities that management has the positive intent and ability to hold to maturity are classified as held to maturity and recorded at amortized cost. Securities not classified as held to maturity are classified as available for sale and are carried at fair value, with unrealized gains and losses reported in other comprehensive income or loss. Amortization of premiums and accretion of discounts are recognized in interest income using the interest method. Premiums that exceed the amount repayable by the issuer at the next call date are amortized to the next call date. Other premiums and discounts are amortized (accreted) over the estimated lives of the securities. Gains and losses on the sale of securities are recorded on the trade date and determined using the specific-identification method.

We use a current expected credit loss ("CECL") model to estimate the allowance for credit losses on securities held to maturity. The CECL model considers historical loss rates and other qualitative adjustments, as well as a new forward-looking component that considers reasonable and supportable forecasts over the expected life of each security.

Management believes we will collect all amounts owed on securities held to maturity issued by the U.S. government or a U.S. government-sponsored agency since these securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies, and have a long history of no credit losses. Management evaluates all other securities held to maturity using a probability of default method. The probability of default method estimates the probability a security with a certain credit rating will default during its remaining contractual term (probability of default) and how much loss is expected to be incurred if a security defaults (loss given default rate). We obtain information from FHN Financial, a reputable third party valuation provider, to estimate the probability of default for each credit rating based on the remaining term of the security and the loss given default rate.

The past due status of a security is based on the contractual terms in the security. The accrual of interest on a security is discontinued when the security becomes 90 days delinquent or whenever management believes the issuer will be unable to make payments as they become due. When securities are placed on nonaccrual status, all unpaid accrued interest is reversed against interest income.

We exclude accrued interest receivable from the amortized cost basis of both securities held to maturity and available for sale when estimating credit losses and when presenting required disclosures in the financial statements. Accrued interest on securities held to maturity totaling approximately $58,000 and $69,000 and accrued interest on securities available for sale totaling approximately $287,000 and $312,000 at March 31, 2026 and December 31, 2025, respectively, was excluded from the amortized cost basis of securities held to maturity and available for sale.

We evaluate individual securities available for sale in an unrealized loss position by first determining whether the decline in fair value below the amortized cost basis of the security has resulted from a credit loss or other factors. A credit loss exists when the present value of cash flows expected to be collected from the security is less than the amortized cost basis of the security. In determining whether a credit loss exists, the Bank considers the extent to

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3.Summary of Significant Accounting Policies (continued)

which the fair value is less than the amortized cost basis, adverse conditions related to the security, the industry, or geographic areas, the payment structure of the debt security, failure of the issuer to make scheduled payments, and any changes to the rating of the security. Impairment related to credit losses is recognized through an allowance for credit losses up to the amount that fair value is less than the amortized cost basis. Changes to the allowance are recognized through earnings as a provision for (or recovery of) credit losses. Impairment related to other factors is recognized in other comprehensive income (loss).

Stock in Federal Home Loan Bank of Chicago and Bankers Bank — The Bank, as a member of the Federal Home Loan Bank system is required to own a certain amount of stock based on the level of borrowings and other factors and may invest in additional amounts. Federal Home Loan Bank of Chicago (“FHLB”) stock is recorded at cost and classified as a restricted security. No readily available market exists for this stock and it has no quoted market value. Redemptions of FHLB stock are at par value. The stock is evaluated for impairment annually based on the ultimate recoverability of the par value without regard to temporary declines in value. The Bank also holds stock in Bankers Bank as part of our available funds requirement. Bankers Bank stock is recorded at cost and classified as a restricted security. Based on an evaluation of these investments as of March 31, 2026 and December 31, 2025, management is of the opinion the costs of these investments will be recovered.

Loans Receivable

Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff generally are reported at their outstanding unpaid principal balances adjusted for purchase premiums or discounts, deferred loan fees and costs, charge-offs, and an allowance for credit losses. Interest on loans is accrued and credited to income based on the unpaid principal balance. Loan-origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method.

The past due status of a loan is based on the contractual terms in the loan agreement. The accrual of interest on a loan is discontinued when the loan becomes 90 days delinquent or whenever management believes the borrower will be unable to make payments as they become due. When loans are placed on nonaccrual status or charged off, all unpaid accrued interest is reversed against interest income. The interest on these loans is subsequently accounted for on the cash basis if collection of the remaining recorded investment in the loan is still expected or using the cost-recovery method when collection of the remaining recorded investment is in doubt. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

Allowance for Credit Losses and Unfunded Commitments

The allowance for credit losses on loans is a valuation allowance that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the Bank’s loan portfolio. The allowance for credit losses on loans is established through provisions for credit losses charged against earnings. When available information confirms that specific loans, or portions thereof, are uncollectible, these amounts are charged against the allowance for credit losses on loans, and subsequent recoveries, if any, are credited to the allowance for credit losses on loans.

Management considers the following when assessing risk in the Bank’s loan portfolio:

Commercial

Loans in this portfolio segment are primarily income-producing properties throughout the Chicago area. The underlying cash flows generated by the properties are adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which in turn, will have an effect on the credit quality in this portfolio. Management obtains rent rolls annually and continually monitors the cash flows of these loans. Loans in this segment also include those made to businesses and secured by assets of the business.

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3.Summary of Significant Accounting Policies (continued)

Repayment is expected from operations of the business. A weakened economy, and resultant decreased consumer spending, will have an effect on the credit quality of these loans.

Residential Real Estate

Loans in this portfolio segment primarily include owner-occupied 1-4 family residences secured by 1st liens. The Bank generally has 2nd liens on property securing home equity loans. The Bank generally does not originate loans with a loan-to-value ratio greater than 85% and does not generally grant loans that would be classified as subprime upon origination. All loans in this portfolio are collateralized by residential real estate and repayment is dependent on the credit quality of the individual borrower or borrowers. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment.

We use a CECL model to estimate the allowance for credit losses on loans. The CECL model considers historical loss rates and other qualitative adjustments, as well as a new forward-looking component that considers reasonable and supportable forecasts over the expected life of each loan. To develop the allowance for credit losses on loans estimate under the CECL model, we segregate the loan portfolio into loan pools based on loan type and similar credit risk elements; performs an individual evaluation of certain collateral dependent and other credit-deteriorated loans; calculates the historical loss rates for the various loan pools; applies the loss rates over the calculated life of the collectively evaluated loan pools; adjusts for forecasted macro-level economic conditions and other anticipated changes in credit quality; and determines qualitative adjustments based on factors and conditions unique to the Bank’s loan portfolio.

Under the CECL model, loans that do not share similar risk characteristics with loans in their respective pools are individually evaluated for expected credit losses and are excluded from the collectively evaluated loan credit loss estimates. A loan is individually evaluated when, based on current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining individual evaluation include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not individually evaluated. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed.

The following describes the types of collateral that secure collateral dependent loans:

●

Commercial and industrial loans considered collateral dependent are primarily secured by accounts receivable, inventory and equipment

●

Construction — Construction loans are primarily secured by residential and commercial properties, which are under construction and/or redevelopment, and by raw land

●

Commercial real estate loans — Commercial real estate loans are primarily secured by office and industrial buildings, warehouses, retail shopping facilities and various special purpose properties, including hotels and restaurants.

●

Residential — First mortgages are primarily secured by first liens on residential real estate.

●

Residential — Junior mortgages are primarily secured by first and junior liens on residential real estate.

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3.Summary of Significant Accounting Policies (continued)

Management evaluates all collectively evaluated loan pools using the weighted average remaining life (the “remaining life”) methodology. The remaining life methodology applies calculated quarterly net loss rates to collectively evaluated loan pools on a periodic basis based on the estimated remaining life of each pool. The estimated losses under the remaining life methodology are then adjusted for qualitative factors deemed appropriate by management.

The estimated remaining life of each pool is determined using quarterly, pool-based attrition measurements using the Bank’s loan-level historical data. The Bank’s historical call report data is utilized for historical loss rate calculations, and the lookback period for each collectively evaluated loan pool is determined by management based upon the estimated remaining life of the pool. Forecasted historical loss rates are calculated using the Bank’s historical data based on the lookback, forecast, and reversion period inputs by management. Management elected to utilize peer group loss rates to supplement the Bank’s data to provide a forecasted market adjustment.

The quantitative analysis under the remaining life methodology is supplemented with other qualitative factors based on the risks management determines are present for each collectively evaluated loan pool. The Qualitative Adjustment factor is intended to embody a forecasting component based on an independent economic metric. The Bank has selected for this component regional unemployment for consumer portfolio segments and regional gross domestic product for non-consumer portfolio segments.

The Bank excludes accrued interest receivable from the amortized cost basis of loans when estimating credit losses and when presenting required disclosures in the financial statements. Accrued interest on loans totaling approximately $1,228,000 and $1,035,000 at March 31, 2026 and December 31, 2025, respectively, was excluded from the amortized cost basis of loans.

In addition to the allowance for credit losses on loans, we calculate a reserve for unfunded loan commitments at a level that management believes is adequate to absorb estimated probable credit losses over the contractual terms of the Bank’s noncancellable loan commitments. We deemed the calculated reserve for unfunded commitments as immaterial as of March 31, 2026 and December 31, 2025.

Unfunded loan commitments are segmented into the same pools used for estimating the allowance for credit losses on loans. Estimated credit losses on unfunded loan commitments are based on the same methodology, inputs, and assumptions used to estimate credit losses on collectively evaluated loans, adjusted for estimated funding probabilities. The estimated funding probabilities represent management’s estimate of the amount of the current unfunded loan commitment that will be funded over the remaining contractual life of the commitment and is based on historical data.

We may modify loans to borrowers experiencing financial difficulty and grant certain concessions that include principal forgiveness, a term extension, an other-than-insignificant payment delay, an interest rate reduction, or a combination of these concessions. An assessment of whether the borrower is experiencing financial difficulty is made at the time of the loan modification.

Upon a determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount.

Real Estate Owned — At the time of foreclosure, foreclosed real estate is recorded at the fair value less cost to sell, which becomes the property’s new basis. Any write-downs based on the asset’s fair value at date of acquisition are charged to the allowance for credit losses. After foreclosure, valuations are periodically performed by management and property held for sale is carried at the lower of the new cost basis or fair value less cost to sell. Impairment losses on property to be held and used are measured as the amount by which the carrying amount of a property exceeds its fair value. Costs incurred in maintaining foreclosed real estate and subsequent adjustments to the carrying amount of the

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3.Summary of Significant Accounting Policies (continued)

property are included in net gain (loss) on real estate owned. Mortgage loans in the process of foreclosure at March 31, 2026 and December 31, 2025 totaled $152,000 and $324,000, respectively.

Real estate owned can also include former Bank locations and land that management has committed to a plan to sell and have been classified as held-for-sale. Once the criteria for classification as held for sale is met, the asset is reclassified from Premises and Equipment to Real Estate Owned on the consolidated statement of financial condition and is initially measured at the lower of its carrying amount or fair value less cost to sell. Subsequent to the initial reclassification, valuations are periodically performed by management, and the asset is reviewed for impairment with any adjustments to the carrying amount included in noninterest expense.

Premises and Equipment — Land is carried at cost. Buildings and improvements, furniture, fixtures, and equipment are carried at cost less accumulated depreciation. Depreciation is computed on the straight- line and accelerated methods over the following estimated useful lives:


Building and improvements		5 – 50 years
Furniture, fixtures, and equipment		3 – 20 years

Bank-owned Life Insurance — The Bank has purchased life insurance policies on certain key officers. Bank-owned life insurance is recorded at its cash surrender value, or the amount that can be realized upon immediate liquidation. The change in the cash surrender value is included as other noninterest income.

Core Deposit Intangibles — The core deposit intangibles (“CDI”) were acquired in business combinations. On October 16, 2020, the Bank acquired Loomis Federal Savings and Loan Association which included a CDI of $3,000. The Bank has an additional CDI of $2,705,000 from a previous business combination that is being amortized over its estimated useful life of 120 months. Accumulated amortization at March 31, 2026, was $2.6 million ($2.5 million at December 31, 2025). The CDIs are reviewed for impairment when events or circumstances indicate that the carrying amount may not be recoverable. No events or circumstances indicating impairment existed as of March 31, 2026 and December 31, 2025.

Aggregate annual amortization expense is expected to be as follows:


Year		Amount
2026		$	138,000

Deposits — Demand deposits normally bear interest and have no stated maturity. Time deposits, which include certificates of deposit, bear interest for a fixed, stated period of time. Premiums on acquired certificates of deposit are amortized into interest expense over the estimated life of the certificates.

Retained Earnings — Undivided profits are recorded in accordance with regulations of the State of Illinois and the Federal Deposit Insurance Corporation.

Transfers of Financial Assets — Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Bank, the transferee obtains the right (free of conditions that constrain it from taking advantage of the right) to pledge or exchange the transferred asset, and the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.

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3.Summary of Significant Accounting Policies (continued)

Noninterest Income Revenue Recognition — The Bank earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, such as ATM use fees, wires, stop payment charges, statement rendering, and ACH fees, are recognized at the time the transaction is executed as that is the point in time the Bank fulfills the customer’s request. Account maintenance fees, which relate primarily to monthly service charges and maintenance fees, are earned over the course of a month, representing the period over which the Bank satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs as this corresponds with the Bank’s performance obligation.

Legal Contingencies — Various legal claims arise from time to time in the normal course of business. In the opinion of management, any liability resulting from such proceedings would not have a material impact on the financial statements of the Bank.

Advertising — The Company expenses the cost of advertising the first time the advertising takes place. Advertising expense was $67,939 during the three months ended March 31, 2026 compared to $4,808 during the three months ended March 31, 2025.

Income Taxes — Deferred tax assets and liabilities have been determined using the liability method. Deferred tax assets and liabilities are determined based on the difference between the financial statements and tax bases of assets and liabilities as measured by the current enacted tax rates which will be in effect when these differences are expected to reverse. Provision (credit) for deferred taxes is the result of changes in the deferred tax assets and liabilities.

The Company may also recognize a liability for unrecognized tax benefits from uncertain tax positions. Unrecognized tax benefits represent the differences between a tax position taken or expected to be taken in a tax return and the benefit recognized and measured in the financial statements. Interest and penalties related to unrecognized tax benefits are classified as income tax expense.

With few exceptions, the Company is no longer subject to federal or state examination by tax authorities for years ending before December 31, 2022.

Comprehensive Income (Loss) — Accounting principles generally require that recognized revenue, expense, gains, and losses be included in net income. Certain changes in assets and liabilities, however, such as unrealized gains and losses on available-for-sale securities, are reported as a direct adjustment to the equity section of the consolidated statement of financial condition. Such items, along with net income, are considered components of comprehensive income (loss).

Segment Information — The Company’s reportable segment is determined by the Chief Financial Officer (“CFO”) based upon information provided about the Company’s products and services offered, primarily banking operations. The segment is also distinguished by the level of information provided by the CFO, who uses such information to review performance of various components of the business, which are then aggregated if operating performance, products / services, and customers are similar. The CFO evaluates the financial performance of the Company’s business components such as evaluating revenue streams, significant expenses, and budget to actual results in assessing the Company’s segment and in the determination of allocating resources. The CFO uses revenue streams to evaluate product pricing and significant expenses to assess performance and evaluate return on assets. The CFO uses consolidated net income (loss) to benchmark the Company against its competitors. The benchmarking analysis coupled with monitoring of budget to actual results are used in assessing performance and in establishing compensation. Loans, investments, and deposit product service fees provide the revenues in the banking operation. Interest expense and salaries and employee benefits, as reported on the consolidated statement of income, provide the significant expenses in the banking operation. All operations are domestic.

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3.Summary of Significant Accounting Policies (continued)

We operate under a single segment. Segment performance is evaluated using consolidated net income (loss). The measure of segment assets is reported on the consolidated balance sheets as total consolidated assets. Noncash items, such as depreciation and amortization, as well as expenditures for premises and equipment, are reported on the consolidated statement of cash flows.

Future Accounting Pronouncements — In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The amendments in this ASU improve the transparency of income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation table, as well as income taxes paid disaggregated by jurisdiction. These expanded disclosures allow investors to better assess how an entity’s overall operations, including the related tax risks, tax planning, and operational opportunities, affect its income tax rate and prospects for future cash flows. The updated guidance is effective for annual periods beginning after December 15, 2025, and management believes these disclosures will not have a material impact on the consolidated financial statements.

4.Investment Securities

The amortized cost and fair value of securities available-for-sale and held-to-maturity, with gross unrealized gains and losses, are as follows (in thousands):


	March 31, 2026
	Amortized		Gross Unrealized				Estimated
	Cost		Gains		Losses		Fair Value
Available-for-sale securities:
Agencies	$	45,482	$	—	$	(7,147)	$	38,335
Mortgage-backed		73,094		43		(8,463)		64,674
Municipal bonds		708		—		(18)		690
Total available-for-sale securities	$	119,284	$	43	$	(15,628)	$	103,699
Held-to-maturity securities:
Agencies	$	1,980	$	—	$	(412)	$	1,568
Mortgage-backed		24,961		16		(2,014)		22,963
Municipal bonds		248		—		(33)		215
Total Held-to-maturity securities	$	27,189	$	16	$	(2,459)	$	24,746


	December 31, 2025
	Amortized		Gross Unrealized				Estimated
	Cost		Gains		Losses		Fair Value
Available-for-sale securities:
Agencies	$	45,481	$	-	$	(6,982)	$	38,499
Mortgage-backed		75,692		58		(8,285)		67,465
Municipal bonds		706		-		(16)		690
Total available-for-sale securities	$	121,879	$	58	$	(15,283)	$	106,654
Held-to-maturity securities:
Agencies	$	1,980	$	—	$	(400)	$	1,580
Mortgage-backed		26,140		27		(1,926)		24,241
Municipal bonds		248		—		(29)		219
Total Held-to-maturity securities	$	28,368	$	27	$	(2,355)	$	26,040

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4.Investment Securities (continued)

The amortized cost and fair value of investment securities by contractual maturity are as follows (in thousands):

March 31, 2026

Available-for-Sale

Held-to-Maturity

Amortized

 

Cost

 

Fair Value

 

Cost

 

Fair Value

Due in 1 year or less

—

Due in 1 to 5 years

16,234

14,610

—

Due after 5 years to 10 years

29,956

24,415

2,228

1,783

Due after 10 years

—

Total

46,190

39,025

2,228

1,783

Mortgage-backed

73,094

64,674

24,961

22,963

Total

119,284

103,699

27,189

24,746


	December 31, 2025
	Available-for-Sale				Held-to-Maturity
	Amortized				Amortized
	Cost		Fair Value		Cost		Fair Value
Due in 1 year or less	$	—	$	—	$	—	$	—
Due after 1 year to 5 years		16,233		14,669		—		—
Due after 5 years to 10 years		29,954		24,520		248		219
Due after 10 years		—		—		1,980		1,580
Total		46,187		39,189		2,228		1,799
Mortgage-backed		75,692		67,465		26,140		24,241
Total	$	121,879	$	106,654	$	28,368	$	26,040

There were no sales of investment securities available-for-sale during the three months ended March 31, 2026 or 2025.

Information pertaining to debt securities with gross unrealized losses at March 31, 2026 and December 31, 2025 aggregated by investment category and length of time that individual securities have been in a continuous loss position follows (in thousands):

March 31, 2026

Less Than Twelve Months

Over Twelve Months

Gross

Unrealized

Losses

 

Fair Value

 

Losses

 

Fair Value

Available-for-sale:

Agencies

—

7,147

38,335

Mortgage-backed

1,241

8,459

61,333

Municipal bonds

453

237

Total

1,694

15,620

99,905

Table of Contents

4.Investment Securities (continued)


	December 31, 2025
	Less Than Twelve Months				Over Twelve Months
	Gross				Gross
	Unrealized				Unrealized
	Losses		Fair Value		Losses		Fair Value
Available-for-sale:
Agencies	$	—	$	—	$	6,982	$	38,499
Mortgage-backed		1		82		8,284		63,916
Municipal bonds		1		222		15		468
Total	$	2	$	304	$	15,281	$	102,883

At March 31, 2026, 23 agencies securities are in an unrealized loss position with aggregate depreciation of 15.71% from the Bank’s amortized cost basis, 172 mortgage-backed securities are in an unrealized loss position with aggregate depreciation of 11.91% from the amortized cost basis, and three municipal bond securities are in an unrealized loss position with aggregate depreciation of 2.50% from the amortized cost basis. These unrealized losses relate principally to the changes in interest rates and are not due to changes in the financial condition of the issuer, the quality of any underlying assets, or applicable credit enhancements. In reaching the conclusion that an allowance for credit losses is unnecessary, management observed that the securities were issued by a government body or agency, the securities continue to be highly rated (AA or better) where applicable, the issuer continues to make contractual payments, and the quality of any underlying assets or credit enhancements has not changed. Since management has the ability to hold debt securities for the foreseeable future, we expect to recover the amortized cost basis of these securities before they are sold or mature.

We regularly evaluate various attributes of securities held to maturity to determine the appropriateness of the allowance for credit losses. The credit quality indicators monitored differ depending on the major security type.

We evaluate the credit quality of securities issued by the U.S. government (e.g., U.S. Treasury bonds) and U.S. government-sponsored agencies (e.g., Federal National Mortgage Association and Federal Home Loan Mortgage Corporation mortgage-backed securities) by considering the creditworthiness and performance of the securities and the strength of guarantees. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies, and have a long history of no credit losses. Based on this analysis, management believes we will collect all amounts owed on these securities and, accordingly, we have not recognized an allowance for credit losses on these securities.

Other securities held to maturity are generally evaluated using credit ratings, which are a key indicator of a debt security’s probability of default. We use credit ratings issued by S&P or Moody’s (or both). These ratings are updated monthly. We may also consider other relevant information that becomes known about the issuer’s or the security’s performance.

No accrued interest was written off during the three months ended March 31, 2026 and 2025. No securities held to maturity were past due or on nonaccrual as of March 31, 2026 and December 31, 2025.

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5.Loans Receivable

Loans receivable consist of the following (in thousands):


	March 31, 2026			December 31, 2025
One to four residential	$	103,354		$	109,123
Purchased and participations		5,839			5,993
Home improvement, first mortgage		446			457
Home equity line of credit (HELOC)		6,017			5,431
Commercial, construction		47,430			46,124
Commercial and Industrial		28,990			23,169
Commercial Real Estate		97,180			76,338
Commercial Line of Credit (LOC)		4,182			9,706
Total		293,438			276,341
Add premiums on purchased loans		34			35
Less:
Loans sold		(873)			(4,386)
Loans in process		(12)			(304)
Allowance for credit losses		(2,817)			(2,682)
Deferred income from loan fees		(1,135)			(1,055)
	$	288,635		$	267,949

Activity in the allowance for credit losses is summarized for the three months ended March 31, 2026 and 2025, as follows (in thousands):


								Home
					Purchased			improvement									Commercial			Commercial
		One to Four			and			first						Commercial			and			real
		Residential			participations			mortgage			HELOC			construction			industrial			estate			LOC			Total
Allowance for Credit Loss
For the Three Months Ended
Beginning balance January 1, 2025		$	1,074		$	75		$	2		$	52		$	195		$	186		$	435		$	107		$	2,126
Provision			16			3			—			—			43			5			60			8			135
Charge-offs			—			—			—			—			—			—			—			—			—
Recoveries			12			—			—			—			—			—			—			—			12
Ending balance March 31, 2025		$	1,102		$	78		$	2		$	52		$	238		$	191		$	495		$	115		$	2,273
Beginning balance January 1, 2026			1,059			58			4			53			448			225			741			94		$	2,682
Provision			(67)			(2)			—			5			8			53			192			(54)			135
Charge-offs			—			—			—			—			—			—			—			—			—
Recoveries			—			—			—			—			—			—			—			—			—
Ending balance March 31, 2026		$	992		$	56		$	4		$	58		$	456		$	278		$	933		$	40		$	2,817

Table of Contents

5.Loans Receivable (continued)

The aging of loans receivable by class of receivable is as follows (in thousands):

March 31, 2026

30 – 89

Non-Accrual

2026

Current

days

90+ days

Total

One to four residential and home improvement

 

102,214

 

998

 

588

 

103,800

Purchased and Participations

5,812

5,839

HELOCs

6,017

—

6,017

Commercial & Industrial

28,990

—

28,990

Commercial real estate

97,180

—

97,180

Commercial construction

47,430

—

47,430

Commercial LOC

4,182

—

4,182

291,825

1,000

613

293,438


		December 31, 2025
					30 – 89			Non-Accrual
2025		Current			days			90+ days			Total
One to four residential and home improvement		$	108,408		$	783		$	389		$	109,580
Purchased and Participations			5,951			—			42			5,993
HELOCs			5,281			137			13			5,431
Commercial & Industrial			23,169			—			—			23,169
Commercial real estate			76,338			—			—			76,338
Commercial construction			46,124			—			—			46,124
Commercial LOC			9,706			—			—			9,706
		$	274,977		$	920		$	444		$	276,341

There were no loans that were 90+ days past due and accruing interest at March 31, 2026 and December 31, 2025. As of March 31, 2026, no non-accrual loans had a related allowance. As of December 31, 2025 there was one non-accrual loan that had a related allowance of $50,958. No material accrued interest was written off by reversing interest income during the three months ended March 31, 2026 or 2025.

When, for economic or legal reasons related to the borrower’s financial difficulties, the Bank grants a concession to the borrower that the Bank would not otherwise consider, the modified loan is classified as a troubled loan modification (TLM). Troubled loan modifications may consist of forgiveness of interest and/or principal, a reduction of the interest rate, interest-only payments for a period of time, and/or extending amortization terms. There were no new troubled loan modifications in the three months ended March 31, 2026 or 2025.

The Bank considers a troubled loan modification in default if it becomes past due more than 30 days. No troubled loan modifications defaulted within 12 months of their modification date during the three months ended March 31, 2026 or 2025.

There were no significant changes in the extent to which collateral secured our collateral dependent loans as of March 31, 2026 and December 31, 2025. At both March 31, 2026 and December 31, 2025 we had approximately $27,650 of collateral dependent loans without an allowance and no collateral dependent loans with an allowance.

The Bank has no commitments to loan additional funds to the borrowers whose loans have been determined to be collateral dependent.

Table of Contents

5.Loans Receivable (continued)

Business commercial loans are generally evaluated using the following internally prepared ratings:

“Pass” ratings are assigned to loans with adequate collateral and debt service ability such that collectability of the contractual loan payments is highly probable.

“Watch / special mention” ratings are assigned to loans where management has some concern that the collateral or debt service ability may not be adequate, though the collectability of the contractual loan payments is still probable.

“Substandard” ratings are assigned to loans that do not have adequate collateral and/or debt service ability such that collectability of the contractual loan payments is no longer probable.

“Doubtful” ratings are assigned to loans that do not have adequate collateral and/or debt service ability, and collectability of the contractual loan payments is unlikely.

Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be Pass rated loans. As of March 31, 2026 and December 31, 2025, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands):


March 31, 2026		2026			2025			2024			2023			2022			Prior			Revolvers			Total
Pass
One to four residential		$	1,017		$	3,128		$	4,452		$	3,756		$	6,680		$	82,221		$	—		$	101,254
Purchased and Participations			—			—			—			—			—			5,839			—			5,839
Home improvement, first mortgage			—			287			—			125			20			14			—			446
Home equity line of credit			—			—			—			—			—			—			6,017			6,017
Commercial construction			—			—			—			—			—			—			47,430			47,430
Commercial and industrial			949			20,837			5,554			465			—			—			—			27,805
Commercial real estate			19,369			28,510			31,407			17,666			—			—			—			96,952
Commercial line of credit			1,050			647			2,485			—			—			—			—			4,182
Total pass		$	22,385		$	53,409		$	43,898		$	22,012		$	6,700		$	88,074		$	53,447		$	289,925
Special Mention
One to four residential			—			—			—			—			—			170			—			170
Purchased and Participations			—			—			—			—			—			—			—			—
Home improvement, first mortgage			—			—			—			—			—			—			—			—
Home equity line of credit			—			—			—			—			—			—			—			—
Commercial construction			—			—			—			—			—			—			—			—
Commercial and industrial			—			—			1,185			—			—			—			—			1,185
Commercial real estate			—			—			228			—			—			—			—			228
Commercial line of credit			—			—			—			—			—			—			—			—
Total special mention		$	—		$	—		$	1,413		$	—		$	—		$	170		$	—		$	1,583
Substandard
One to four residential			—			—			—			—			—			1,930			—			1,930
Purchased and Participations			—			—			—			—			—			—			—			—
Home improvement, first mortgage			—			—			—			—			—			—			—			—
Home equity line of credit			—			—			—			—			—			—			—			—
Commercial construction			—			—			—			—			—			—			—			—
Commercial and industrial			—			—			—			—			—			—			—			—
Commercial real estate			—			—			—			—			—			—			—			—
Commercial line of credit			—			—			—			—			—			—			—			—
Total substandard		$	—		$	—		$	—		$	—		$	—		$	1,930		$	—		$	1,930
Total		$	22,385		$	53,409		$	45,311		$	22,012		$	6,700		$	90,174		$	53,447		$	293,438
Current year to date period gross write-offs
One to four residential		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Purchased and Participations			—			—			—			—			—			—			—			—
Home improvement, first mortgage			—			—			—			—			—			—			—			—
Home equity line of credit			—			—			—			—			—			—			—			—
Commercial construction			—			—			—			—			—			—			—			—
Commercial and industrial			—			—			—			—			—			—			—			—
Commercial real estate			—			—			—			—			—			—			—			—
Commercial line of credit			—			—			—			—			—			—			—			—
Total		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

Table of Contents

5.Loans Receivable (continued)


December 31, 2025		2025			2024			2023			2022			2021			Prior			Revolvers			Total
Pass
One to four residential		$	3,147		$	4,897		$	3,822		$	7,009		$	24,385		$	63,877		$	—		$	107,137
Purchased and Participations			—			—			—			—			—			5,993			—			5,993
Home improvement, first mortgage			290			—			129			21			—			17			—			457
Home equity line of credit			—			—			—			—			—			—			5,431			5,431
Commercial construction			—			—			—			—			—			—			46,124			46,124
Commercial and industrial			10,455			11,215			477			—			—			—			—			22,147
Commercial real estate			29,650			34,162			12,296			—			—			—			—			76,108
Commercial line of credit			648			3,558			5,500			—			—			—			—			9,706
Total pass		$	44,190		$	53,832		$	22,224		$	7,030		$	24,385		$	69,887		$	51,555		$	273,103
Special Mention
One to four residential			—			—			—			—			521			171			—			692
Purchased and Participations			—			—			—			—			—			—			—			—
Home improvement, first mortgage			—			—			—			—			—			—			—			—
Home equity line of credit			—			—			—			—			—			—			—			—
Commercial construction			—			—			—			—			—			—			—			—
Commercial and industrial			—			1,022			—			—			—			—			—			1,022
Commercial real estate			—			230			—			—			—			—			—			230
Commercial line of credit			—			—			—			—			—			—			—			—
Total special mention		$	—		$	1,252		$	—		$	—		$	521		$	171		$	—		$	1,944
Substandard
One to four residential			—			—			—			—			—			1,294			—			1,294
Purchased and Participations			—			—			—			—			—			—			—			—
Home improvement, first mortgage			—			—			—			—			—			—			—			—
Home equity line of credit			—			—			—			—			—			—			—			—
Commercial construction			—			—			—			—			—			—			—			—
Commercial and industrial			—			—			—			—			—			—			—			—
Commercial real estate			—			—			—			—			—			—			—			—
Commercial line of credit			—			—			—			—			—			—			—			—
Total substandard		$	—		$	—		$	—		$	—		$	—		$	1,294		$	—		$	1,294
Total		$	44,190		$	55,084		$	22,224		$	7,030		$	24,906		$	71,352		$	51,555		$	276,341
Current year to date period gross write-offs
One to four residential		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Purchased and Participations			—			—			—			—			—			—			—			—
Home improvement, first mortgage			—			—			—			—			—			—			—			—
Home equity line of credit			—			—			—			—			—			—			—			—
Commercial construction			—			—			—			—			—			—			—			—
Commercial and industrial			—			—			—			—			—			—			—			—
Commercial real estate			—			—			—			—			—			—			—			—
Commercial line of credit			—			—			—			—			—			—			—			—
Total current period gross write-offs		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

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Hoyne Bancorp, Inc. 10-Q