GENERALOverviewThe Holding Company is a Delaware corporation organized in 1994. The Holding Company owns 100% of the common securities of the Trusts. Additionally, the Bank is a member of the Federal Home Loan Bank ("FHLB") system. Such an internal valuation is prepared for a loan over 90 days delinquent. We also maintain our executive offices in Uniondale in Nassau County, New York. One-to-Four Family Mortgage Lending – Mixed-Use Properties. We offer ARM loans with adjustment periods of one, three, five, seven or ten years. We also, to a limited extent, finance the construction of commercial properties. In addition, we generally require personal guarantees on all construction loans. The borrower must demonstrate the ability to repay the loan under the new terms. Loan amounts in excess of $25.0 million must be approved by the Board of Directors. However, it is currently our policy not to extend such additional credit. At December 31, 2020, we were servicing $62.0 million of loans for others. These restructured loans are classified TDR. At December 31, 2020 and 2018 , we held no OREO. Environmental Concerns Relating to Loans. This allows us to better manage the maturity of our deposits and our interest rate risk. CDARS® and ICS are deposit placement services. This allows us to invest our funds in higher yielding assets. See "— Regulation — Federal Home Loan Bank System." Our Board of Directors is comprised of diverse cultures ethnicity, and gender. Some of the provisions of the Dodd-Frank Act are not yet in effect. The FDIC has adopted risk-based capital guidelines to which the Bank is subject. Prompt Corrective Regulatory Action. In addition, the deposits of the Bank are insured up to applicable limits by the DIF. See "Holding Company Regulation" earlier in this report.