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LOANS RECEIVABLE AND CREDIT QUALITY (Tables)
 6 Months Ended
Jun. 30, 2012
LOANS RECEIVABLE AND CREDIT QUALITY [Abstract]  
Financing Receivable Credit Quality Indicators [Table Text Block]
The following is a summary of the credit risk profile of  real estate loans (including deferred costs) by internally assigned grade as of the date indicated:

   
Balance at June 30, 2012
 
Grade
 
One- to Four-Family
Residential and
Cooperative Unit
  
Multifamily
Residential and Residential
Mixed Use
  
Mixed Use Commercial
Real Estate
  
Commercial Real Estate
  
Construction
  
Total
 
Pass
 $65,072  $2,492,988  $330,680  $354,025  $-  $3,242,766 
Special Mention
  470   8,430   5,518   8,369   -   22,787 
Substandard
  9,861   5,809   7,103   42,369   570   65,711 
Total real estate loans individually assigned a credit grade
 $75,403  $2,507,227  $343,301  $404,763  $570  $3,331,264 
Real estate loans not individually assigned a credit grade (1)
 $18,323   -   -   -   -  $18,323 
(1) Amount comprised of fully performing one- to four-family residential and cooperative unit loans with balances equal to or less than the FNMA Limits.  The credit quality of these loans was instead evaluated based upon payment activity.

   
Balance at December 31, 2011
 
Grade
 
One- to Four-Family
Residential and
Cooperative Unit
  
Multifamily
Residential and Residential
Mixed Use
  
Mixed Use Commercial
Real Estate
  
Commercial Real Estate
  
Construction
  
Total
 
Pass
 $66,949  $2,587,573  $320,556  $364,462  $-  $3,339,540 
Special Mention
  1,133   7,101   10,562   9,244   2,576   30,616 
Substandard
  2,635   8,245   7,152   39,610   623   58,265 
Total real estate loans individually assigned a credit grade
 $70,717  $2,602,919  $338,270  $413,316  $3,199  $3,428,421 
Real estate loans not individually assigned a credit grade (1)
 $29,995   -   -   -   -  $29,995 
(1) Amount comprised of fully performing one- to four-family residential and cooperative unit loans with balances equal to or less than the FNMA Limits.  The credit quality of these loans was instead evaluated based upon payment activity.

For consumer loans, the Company evaluates credit quality based on payment activity.  Consumer loans that are 90 days or more past due are placed on non-accrual status, while all remaining consumer loans are classified and evaluated as performing.

The following is a summary of the credit risk profile of consumer loans by internally assigned grade:

Grade
 
Balance at
June 30, 2012
  
Balance at
December 31, 2011
 
Pass
 $2,859  $2,445 
Substandard (non-accrual)
  2   4 
Total
 $2,861  $2,449 
Past Due Financing Receivables [Table Text Block]
The following is a breakdown of the past due status of the Company's investment in loans (excluding accrued interest and loans held for sale) as of the dates indicated:
 

At June 30, 2012
 
30 to 59 Days
Past Due
60 to 89 Days
Past Due
Loans 90 Days or More Past Due and Still Accruing Interest
Non-accrual (1)
Total Past Due
Current
Total Loans
Real Estate:
             
   One- to four-family residential and cooperative unit
$468
$- 
- 
$1,161
$1,629
$92,097
$93,726
   Multifamily residential and residential mixed use
2,216
4 
$198
3,622
6,040
2,501,187
2,507,227
   Mixed use commercial real estate
4,843
- 
- 
720
5,563
337,738
343,301
   Commercial real estate
- 
- 
2,436
7,813
10,249
394,514
404,763
   Construction
- 
- 
- 
- 
- 
570
570
Total real estate
$7,527
4
$2,634
$13,316
$23,481
3,326,106
$3,349,587
Consumer
$3
$2
- 
$2
$7
$2,854
$2,861
(1) Includes all loans on non-accrual status regardless of the number of days such loans were delinquent as of June 30, 2012.
 

At December 31, 2011
 
30 to 59 Days
Past Due
60 to 89 Days
Past Due
Loans 90 Days or More Past Due and Still Accruing Interest
Non-accrual (1)
Total Past Due
Current
Total Loans
Real Estate:
             
   One- to four-family residential and cooperative unit
$1,221
$- 
- 
$2,205
$3,426
$97,286
$100,712
   Multifamily residential and residential mixed use
2,589
- 
$946
7,069
10,604
2,592,315
2,602,919
   Mixed use commercial real estate
4,976
- 
- 
5,591
10,567
327,703
338,270
   Commercial real estate
478
- 
2,874
11,083
14,435
398,881
413,316
   Construction
- 
- 
- 
- 
- 
3,199
3,199
Total real estate
$9,264
-
$3,820
$25,948
$39,032
$3,419,384
$3,458,416
Consumer
$12
$5
- 
$4
$21
$2,428
$2,449
(1) Includes all loans on non-accrual status regardless of the number of days such loans were delinquent as of December 31, 2011.
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
The following table summarizes outstanding TDRs as of the dates indicated:

 
As of June 30, 2012
As of December 31, 2011
 
No. of Loans
Balance
No. of Loans
Balance
Outstanding principal balance at period end
22
$51,535
22
$48,753
TDRs on accrual status at period end
19
43,722
17
40,688
TDRs on non-accrual status at period end
3
7,813
5
8,065

The Company has not restructured troubled consumer loans, as its consumer loan portfolio has not had any problem issues warranting restructuring.  Therefore, all TDRs were collateralized by real estate at both June 30, 2012 and December 31, 2011.

There were no modification agreements entered into during the three months ended either June 30, 2012 or 2011 that met the criteria of a TDR.  The following tables summarize activity related to TDRs for the periods indicated:

 
For the Six Months Ended June 30, 2012
 
For the Six Months Ended June 30, 2011
 
Number of Loans
Pre-Modification
Outstanding Recorded Investment
Post-Modification Outstanding Recorded Investment
 
Number of Loans
Pre-Modification
Outstanding Recorded Investment
Post-Modification Outstanding Recorded Investment
Loan modifications during the period that met the definition of a TDR:
             
     Multifamily residential and residential mixed use
1
$459
$459
 
1
$364
$364
     Commercial real estate
2
4,430
4,430
 
-
- 
- 
TOTAL
3
$4,889
$4,889
 
1
$364
$364