ALLOWANCE FOR LOAN LOSSES AND RESERVE FOR FIRST LOSS POSITION ON MULTIFAMILY LOANS SOLD TO FNMA (Tables)

9 Months Ended

Sep. 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 September 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	$258	$14,551	$2,181	$3,230	$-	$20,220	$23
Charge-offs	(134)	(243)	(8)	(14)	-	(398)	-
Recoveries	1	687	-	36	-	723	-
Transfer to the reserve for loan commitments	-	-	-	-	-	-	-
Provision (credit)	557	(761)	143	157	27	123	3
Ending balance	$682	$14,234	$2,316	$3,409	$27	$20,668	$26
Ending balance – loans individually evaluated for impairment	$621	$3,319	$1,456	$47,587	-	$52,983	$-
Ending balance – loans collectively evaluated for impairment	88,204	2,491,320	342,490	347,976	$528	3,270,518	$2,492
Allowance balance associated with loans    individually evaluated for impairment	8	-	-	543	-	551	-
Allowance balance associated with loans    collectively evaluated for impairment	674	14,234	2,316	2,866	27	20,117	26

At or for the Three Months Ended September 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
	(Dollars in Thousands)
Beginning balance	$399	$14,396	$1,108	$3,407	$179	$19,489	$29
Charge-offs	(5)	(40)	(79)	(46)	-	(170)	(5)
Recoveries	-	1	14	12	-	27	-
Transfer (to) from reserve for loan commitments	-	(39)	(5)	(9)	5	(48)	-
Provision	(12)	230	432	1,562	1	2,213	4
Ending balance	$382	$14,548	$1,470	$4,926	$185	$21,511	$28

At or for the Nine Months Ended September 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	(774)	(2,381)	(670)	(500)	(3)	(4,328)	(10)
Recoveries	17	773	11	37	-	838	-
Transfer to the reserve for loan commitments	-	52	5	25	-	82	-
Provision (reduction)	959	1,477	1,442	64	(94)	3,848	10
Ending balance	$682	$14,234	$2,316	$3,409	$27	$20,668	$26

At or for the Nine Months Ended September 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
	(Dollars in Thousands)
Beginning balance	$409	$14,226	$1,331	$2,821	$345	$19,132	$34
Charge-offs	(88)	(552)	(362)	(1,642)	(725)	(3,369)	(18)
Recoveries	-	143	36	146	-	325	-
Transfer from (to) reserve for loan commitments	-	121	(11)	5	15	130	-
Provision	61	610	476	3,596	550	5,293	12
Ending balance	$382	$14,548	$1,470	$4,926	$185	$21,511	$28

	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

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 September 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	$409	$409	-
With an allocated reserve	212	212	$8
Multifamily Residential and Residential Mixed Use
With no allocated reserve	3,319	3,319	-
With an allocated reserve	-	-	-
Mixed Use Commercial Real Estate
With no allocated reserve	1,456	1,456	-
With an allocated reserve	-	-	-
Commercial Real Estate
With no allocated reserve	32,329	32,329	-
With an allocated reserve	15,258	15,258	543
Construction
With no allocated reserve	-	-	-
With an allocated reserve	-	-	-
Total
With no allocated reserve	$37,513	$37,513	$-
With an allocated reserve	$15,470	$15,470	$551

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 September 30, 2012		Three Months Ended September 30, 2011		Nine Months Ended September 30, 2012		Nine Months Ended September 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	$629	$15	$1,121	$7	$814	$48	$1,475	$24
With an allocated reserve	212	5	706	-	511	14	353	-
Multifamily Residential and Residential Mixed Use
With no allocated reserve	4,787	49	10,904	181	6,178	305	11,912	427
With an allocated reserve	-	-	6,549	82	525	-	3,275	82
Mixed Use Commercial Real Estate
With no allocated reserve	1,459	12	3,131	67	2,670	56	3,431	152
With an allocated reserve	-	-	4,253	8	240	-	2,126	8
Commercial Real Estate
With no allocated reserve	35,596	404	17,290	141	28,648	1,318	16,100	286
With an allocated reserve	15,284	189	13,573	51	21,290	567	9,711	310
Construction
With no allocated reserve	-	-	4,883	-	-	-	4,137	213
With an allocated reserve	-	-	-	-	-	-	-	-
Total
With no allocated reserve	$40,471	$480	$37,329	$396	$38,310	$1,727	$37,055	$1,102
With an allocated reserve	$15,496	$194	$25,083	$141	$22,566	$581	$15,465	$400

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 September 30,					At or for the Nine Months Ended September 30,
	2012			2011		2012			2011
Outstanding balance of multifamily loans serviced for FNMA at period end	$	279,830		$	318,113	$	279,830		$	318,113
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	$	1,684		$	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)		(140	)	‑			(1,107	)	‑
Charge-offs and other net reductions in balance		-		‑			(342	)	‑
Balance at period end	$	1,544		$	2,993	$	1,544		$	2,993

⁽¹⁾ Amount recognized as a component of mortgage banking income during the period.