ADDED
The Bank also generates revenues from other income including deposit fees and service charges.
Although we no longer originate loans in Connecticut, we have one loan totaling $118,000 in this state.
At December 31, 2025, $1.6 billion, or 87.4%, of our portfolio was secured by loans in the New York State/New York Metropolitan Area, $182.7 million, or 9.8%, of our portfolio was secured by loans in the Massachusetts/Boston Metropolitan Area, and $51.9 million, or 2.8%, of our portfolio was secured by loans in New Jersey.
For projects above $40 million, we may partner with a participating bank from outside our market area.
At December 31, 2025, if we were to count land, construction and development loans as separate loans, our construction loan portfolio consisted of 443 loans totaling $1.8 billion in committed amount, comprised of outstanding disbursed balances of $1.3 billion and undisbursed loans in process of $402.7 million.
At December 31, 2025, the construction loan portfolio was comprised primarily of 439 New York construction loans with $1.8 billion in committed amount, comprising of outstanding disbursed balances of $1.3 billion and undisbursed loans in process of $402.7 million.
The remaining four construction loans are located in New Jersey, with $24.9 million in committed amount, $24.9 million in disbursed amount, and no undisbursed loans in process.
At December 31, 2025, if we were to combine land, construction and development loans as one loan on a project, our construction loan portfolio consisted of 247 loans totaling $1.8 billion in committed amount, comprised of outstanding disbursed balance of $1.3 billion and undisbursed loans in process of $402.7 million.
If we were to count land, construction and development loans as separate loans, the average loan size in our construction loan portfolio was $4.1 million in committed amount, comprised of outstanding disbursed balances of $3.0 million and undisbursed loans in process of $909,000 at December 31, 2025.
Our largest outstanding construction loan at December 31, 2025 had a committed amount of $34.8 million, an outstanding balance of $34.8 million, and no undisbursed available balance.
REMOVED
The Bank also generates revenues from other income including deposit fees, service charges and investment advisory fees.
Although we no longer originate loans in Connecticut, we also have a limited number of loans in this state.
At December 31, 2024, $1.6 billion, or 89.2%, of our portfolio was secured by loans in the New York State/New York Metropolitan Area, $163.1 million, or 9.0%, of our portfolio was secured by loans in the Massachusetts/Boston Metropolitan Area and $32.7 million, or 1.8%, of our portfolio was secured by loans in Connecticut and New Jersey.
For projects above $33 million, we generally partner with a participating bank from outside our market area.
At December 31, 2024, if we were to count land, construction and development loans as separate loans, our construction loan portfolio consisted of 485 loans totaling $1.9 billion in committed amount, comprised of outstanding disbursed balances of $1.4 billion and undisbursed loans in process of $398.4 million.
At December 31, 2024, the construction loan portfolio was comprised primarily of 483 New York construction loans with $1.9 billion in committed amount, comprising of outstanding disbursed balances of $1.4 billion and undisbursed loans in process of $398.3 million.
The remaining two construction loans are located in New Jersey, with $10.6 million in committed amount, $10.5 million in disbursed amount, and undisbursed loans in process of $110,000.
At December 31, 2024, if we were to combine land, construction and development loans as one loan on a project, our construction loan portfolio consisted of 269 loans totaling $1.9 billion in committed amount, comprised of outstanding disbursed balance of $1.4 billion and undisbursed loans in process of $398.4 million.
If we were to count land, construction and development loans as separate loans, the average loan size in our construction loan portfolio was $3.8 million in committed amount, comprised of outstanding disbursed balances of $2.9 million and undisbursed loans in process of $822,000 at December 31, 2024.
Our largest outstanding construction loan at December 31, 2024 had a committed amount of $27.2 million, an outstanding balance of $26.9 million, and an undisbursed available balance of $373,000.