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ALLOWANCE FOR LOAN LOSSES AND RESERVE FOR FIRST LOSS POSITION ON MULTIFAMILY LOANS SOLD TO FNMA (Tables)
 6 Months Ended
Jun. 30, 2012
ALLOWANCE FOR LOAN LOSSES AND RESERVE FOR FIRST LOSS POSITION ON MULTIFAMILY LOANS SOLD TO FNMA [Abstract]  
Allowance For Credit Losses For Impairment By Financing Receivables Class [Table Text Block]
The following table presents data regarding activity in the allowance for loan losses and loans evaluated for impairment by class of loan within the real estate loan segment as well as for the aggregate consumer loan segment:

At or for the Three Months Ended June 30, 2012
 
Real Estate Loans
Consumer Loans
 
One- to Four Family Residential
and
Cooperative
Unit
Multifamily Residential and Residential Mixed Use
Mixed Use Commercial
Real Estate
Commercial Real Estate
Construction
Total Real Estate
 
Beginning balance
$313 
$13,871 
$2,249 
$3,011 
$-  
$19,444 
$24 
Charge-offs
(110)
(1,241)
(136)
(163)
-  
(1,650)
(2)
Recoveries
15 
63 
11 
1 
-  
90 
-  
Transfer from the reserve for loan commitments
-  
18 
10 
34 
-  
62 
-  
Provision
40 
1,840 
47 
347 
-  
2,274 
1
Ending balance
$258 
$14,551 
$2,181 
$3,230 
$-  
$20,220 
$23 
               
Ending balance - loans individually evaluated for impairment
$1,061 
$6,254 
$1,462 
$50,173 
-  
$58,951 
$-  
Ending balance - loans collectively evaluated for impairment
92,665 
2,500,973 
341,839 
354,590 
570 
3,290,636 
2,861 
Allowance balance associated with loans individually
   evaluated for impairment
8 
-  
-  
573 
-  
581 
-  
Allowance balance associated with loans collectively evaluated
   for impairment
250 
14,551 
2,181 
2,657 
-  
19,639 
23 


At or for the Three Months Ended June 30, 2011
 
Real Estate Loans
Consumer Loans
 
One- to Four Family Residential
and
Cooperative
Unit
Multifamily Residential and Residential
Mixed Use
Mixed Use Commercial
Real Estate
Commercial Real Estate
Construction
Total Real Estate
 
Beginning balance
$280 
$14,425 
$1,074 
$3,532 
$318 
$19,629 
$34 
Charge-offs
(8)
(129)
(61)
(1,039)
(725)
(1,962)
(13)
Recoveries
-  
4 
1 
37 
-  
42 
-  
Transfer from reserve for loan commitments
-  
61 
33 
29 
3 
126 
-  
Provision
127 
35 
61 
848 
583 
1,654 
8 
Ending balance
$399 
$14,396 
$1,108 
$3,407 
$179 
$19,489 
$29 
 
 
-16-
 
 
At or for the Six Months Ended June 30, 2012
 
Real Estate Loans
Consumer Loans
 
One- to Four Family Residential
and
Cooperative
Unit
Multifamily Residential and Residential Mixed Use
Mixed Use Commercial
Real Estate
Commercial Real Estate
Construction
Total Real Estate
 
Beginning balance
$480 
$14,313 
$1,528 
$3,783 
$124 
$20,228 
$26 
Charge-offs
(640)
(2,138)
(663)
(485)
(3)
(3,929)
(10)
Recoveries
15 
87 
11 
1 
-  
114 
-  
Transfer from the reserve for loan commitments
-  
52 
5 
25 
-  
82 
-  
Provision (reduction)
403 
2,237 
1,300 
(94)
(121)
3,725 
7 
Ending balance
$258 
$14,551 
$2,181 
$3,230 
$-  
$20,220 
$23 

At or for the Six Months Ended June 30, 2011
 
Real Estate Loans
Consumer Loans
 
One- to Four Family Residential
and
Cooperative
Unit
Multifamily Residential and Residential Mixed Use
Mixed Use Commercial
Real Estate
Commercial Real Estate
Construction
Total Real Estate
 
Beginning balance
$409 
$14,226 
$1,331 
$2,821 
$345 
$19,132 
$34 
Charge-offs
(83)
(495)
(264)
(1,596)
(725)
(3,163)
(13)
Recoveries
-  
125 
4 
134 
-  
263 
-  
Transfer from (to) reserve for loan commitments
-  
158 
(6)
14 
10 
176 
-  
Provision
73 
382 
43 
2,034 
549 
3,081 
8 
Ending balance
$399 
$14,396 
$1,108 
$3,407 
$179 
$19,489 
$29 


 
As of December 31, 2011
 
Real Estate Loans
Consumer Loans
 
One- to Four Family Residential
and
Cooperative Unit
Multifamily Residential and Residential Mixed Use
Mixed Use Commercial
Real Estate
Commercial Real Estate
Construction
Total Real Estate
 
Ending balance - loans individually evaluated for impairment
$2,547 
$10,028 
$6,739 
$51,070 
-  
$70,384 
$-  
Ending balance - loans collectively evaluated for impairment
98,165 
2,592,891 
331,531 
362,246 
3,199 
3,388,032 
2,449 
Allowance balance associated with loans individually evaluated
   for impairment
130 
45 
73 
1,927 
-  
2,175 
-  
Allowance balance associated with loans collectively evaluated
   for impairment
350 
14,268 
1,455 
1,856 
124 
18,053 
26 


 
-17-
 
The following tables summarize impaired real estate loans as of or for the periods indicated (by collateral type within the real estate loan segment).  For purposes of these tables, adjustments between the unpaid principal balance and recorded investment (including accrued interest receivable) are deemed to be immaterial:

At June 30, 2012
 
Unpaid Principal Balance at Period End
Recorded Investment
at Period End
Reserve Balance Allocated within the Allowance for Loan Losses at Period End
One- to Four Family Residential and Cooperative Unit
     
   With no allocated reserve
$849 
$849 
$- 
   With an allocated reserve
212 
212 
8 
Multifamily Residential and Residential Mixed Use
     
   With no allocated reserve
6,254
6,254
- 
   With an allocated reserve
- 
- 
- 
Mixed Use Commercial Real Estate
     
   With no allocated reserve
1,462
1,462
- 
   With an allocated reserve
- 
- 
- 
Commercial Real Estate
     
   With no allocated reserve
34,862
34,862
- 
   With an allocated reserve
15,311
15,311
573
Construction
     
   With no allocated reserve
- 
- 
- 
   With an allocated reserve
- 
- 
- 
Total
     
   With no allocated reserve
$43,427
$43,427
$- 
   With an allocated reserve
$15,523
$15,523
$581
 
 
 
-18-
 

 
At December 31, 2011
 
Unpaid Principal Balance
at Period End
Recorded Investment
at Period End
Reserve Balance Allocated
within the Allowance for Loan Losses at Period End
One- to Four Family Residential and Cooperative Unit
     
   With no allocated reserve
$1,136
$1,136
$- 
   With an allocated reserve
1,411
1,411
130
Multifamily Residential and Residential Mixed Use
     
   With no allocated reserve
9,338
9,338
- 
   With an allocated reserve
690
690
45
Mixed Use Commercial Real Estate
     
   With no allocated reserve
5,780
5,780
- 
   With an allocated reserve
959
959
73
Commercial Real Estate
     
   With no allocated reserve
11,812
11,812
- 
   With an allocated reserve
39,258
39,258
1,927
Construction
     
   With no allocated reserve
- 
- 
- 
   With an allocated reserve
- 
- 
- 
Total
     
   With no allocated reserve
$28,066
$28,066
$- 
   With an allocated reserve
$42,318
$42,318
$2,175

 
Three Months Ended June 30, 2012
 
Three Months Ended June 30, 2011
 
Six Months Ended June 30, 2012
 
Six Months Ended June 30, 2011
 
Average Recorded Investment
Interest
Income Recognized
 
Average Recorded Investment
Interest
Income Recognized
 
Average Recorded Investment
Interest
Income Recognized
 
Average Recorded Investment
Interest
Income Recognized
One- to Four Family Residential and Cooperative Unit
                     
   With no allocated reserve
$855
$25
 
$1,828
$10
 
$948
$33
 
$1,828
$17
   With an allocated reserve
212
5
 
- 
- 
 
612
9
 
- 
- 
Multifamily Residential and Residential Mixed Use
                     
   With no allocated reserve
6,733
124
 
9,595
130
 
7,131
255
 
11,243
246
   With an allocated reserve
- 
- 
 
- 
- 
 
700
- 
 
- 
- 
Mixed Use Commercial Real Estate
                     
   With no allocated reserve
1,721
19
 
4,771
50
 
3,074
44
 
3,977
85
   With an allocated reserve
- 
- 
 
- 
- 
 
320
- 
 
- 
- 
Commercial Real Estate
                     
   With no allocated reserve
35,226
417
 
14,066
97
 
27,421
914
 
14,374
145
   With an allocated reserve
15,322
189
 
5,829
102
 
23,301
379
 
5,836
259
Construction
                     
   With no allocated reserve
- 
- 
 
2,790
122
 
- 
- 
 
3,360
213
   With an allocated reserve
- 
- 
 
- 
- 
 
- 
- 
 
- 
- 
Total
                     
   With no allocated reserve
$44,535
$585
 
$33,050
$409
 
$38,574
$1,246
 
$34,782
$706 
   With an allocated reserve
$15,534
$194
 
$5,829
$102
 
$24,933
$388
 
$5,836
$259 
 
First Loss Position And Related Reserve Liability [Table Text Block]
The following is a summary of the aggregate balance of multifamily loans serviced for FNMA, the period-end First Loss Position associated with these loans, and activity in the related liability:

   
At or for the Three Months Ended June 30,
  
At or for the Six Months Ended June 30,
 
   
2012
  
2011
  
2012
  
2011
 
Outstanding balance of multifamily loans serviced for FNMA at period end
 $291,733  $333,826  $291,733  $333,826 
Total First Loss Position at end of period
  16,356   16,356   16,356   16,356 
Liability on the First Loss Position
                
Balance at beginning of period
 $2,958  $2,993  $2,993  $2,993 
Transfer of specific reserve for serviced loans re-acquired by the Bank
  -   -   -   - 
Credit for losses on problem loans(1)
  (967)  -   (967)  - 
Charge-offs and other net reductions in balance
  (307)  -   (342)  - 
Balance at period end
 $1,684  $2,993  $1,684  $2,993 
(1) Amount recognized as a component of mortgage banking income during the period.