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ALLOWANCE FOR LOAN LOSSES AND RESERVE FOR FIRST LOSS POSITION ON MULTIFAMILY LOANS SOLD TO FNMA (Tables)
 3 Months Ended
Mar. 31, 2013
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 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 March 31, 2013
 
 
 
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
 
$
344
  
$
14,299
  
$
2,474
  
$
3,382
  
$
24
  
$
20,523
  
$
27
 
Provision (credit) for loan losses
  
92
   
(298
)
  
87
   
273
   
(2
)
  
152
   
5
 
Charge-offs
  
(88
)
  
(111
)
  
-
   
(4
)
  
-
   
(203
)
  
(6
)
Recoveries
  
2
   
-
   
29
   
1
   
-
   
32
   
-
 
Ending balance
 
$
350
  
$
13,890
  
$
2,590
  
$
3,652
  
$
22
  
$
20,504
  
$
26
 
                            
Ending balance – loans individually
   evaluated for impairment
 
$
1,209
  
$
2,347
  
$
1,882
  
$
43,739
  
$
-
  
$
49,177
  
$
-
 
Ending balance – loans collectively
   evaluated for impairment
  
84,803
   
2,708,577
   
339,175
   
362,239
   
416
   
3,495,210
   
1,967
 
Allowance balance associated with loans
   individually evaluated for impairment
  
7
   
-
   
-
   
483
   
-
   
490
   
-
 
Allowance balance associated with loans
   collectivelly evaluated for impairment
  
343
   
13,890
   
2,590
   
3,169
   
22
   
20,014
   
26
 

At or for the Three Months Ended March 31, 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
 
Provision (reduction)
  
363
   
399
   
1,251
   
(441
)
  
(121
)
  
1,451
   
6
 
Charge-offs
  
(531
)
  
(897
)
  
(526
)
  
(323
)
  
(3
)
  
(2,280
)
  
(8
)
Recoveries
  
1
   
23
   
-
   
1
  
‑
   
25
  
- 
 
Transfer from (to) reserve for loan
   commitments
 
- 
   
33
   
(4
)
  
(9
)
  
-
   
20
  
- 
 
Ending balance
 
$
313
  
$
13,871
  
$
2,249
  
$
3,011
  
$
-
  
$
19,444
  
$
24
 

At December 31, 2012
 
Ending balance
 
$
344
  
$
14,299
  
$
2,474
  
$
3,382
  
$
24
  
$
20,523
  
$
27
 
                            
Ending balance – loans individually
   evaluated for impairment
 
$
1,291
  
$
2,460
  
$
1,900
  
$
47,493
  
$
-
  
$
53,144
  
$
-
 
Ending balance – loans collectively
   evaluated for impairment
  
90,585
   
2,673,909
   
338,233
   
347,038
   
476
   
3,450,241
   
2,423
 
Allowance balance associated
   with loans individually evaluated
   for impairment
  
7
   
-
   
-
   
513
   
-
   
520
   
-
 
Allowance balance associated with
   loans collectivelly evaluated for
   impairment
  
337
   
14,299
   
2,474
   
2,869
   
24
   
20,003
   
27
 

The following tables summarize impaired real estate loans as of or for the periods indicated (by collateral type within the real estate loan segment).
 

 
 
At March 31, 2013
 
 
 
Unpaid Principal Balance at Period End
  
Recorded Investment
at Period End(1)
  
Reserve Balance Allocated within the Allowance for Loan Losses at Period End
 
One- to Four Family Residential and Cooperative Unit
 
  
  
 
   With no allocated reserve
 
$
1,076
  
$
998
  
$
-
 
   With an allocated reserve
  
257
   
211
   
7
 
Multifamily Residential and Residential Mixed Use
            
   With no allocated reserve
  
2,347
   
2,347
   
-
 
   With an allocated reserve
  
-
   
-
   
-
 
Mixed Use Commercial Real Estate
            
   With no allocated reserve
  
1,882
   
1,882
  
‑
 
   With an allocated reserve
  
-
   
-
   
-
 
Commercial Real Estate
            
   With no allocated reserve
  
29,646
   
28,532
  
‑
 
   With an allocated reserve
  
15,207
   
15,207
   
483
 
Construction
            
   With no allocated reserve
  
-
   
-
  
‑
 
   With an allocated reserve
  
-
   
-
  
‑
 
Total
            
   With no allocated reserve
 
$
34,951
  
$
33,759
  
$
-
 
   With an allocated reserve
 
$
15,464
  
$
15,418
  
$
490
 
(1)
The recorded investment excludes accrued interest receivable and loan origination fees, net, due to immateriality.
 
 
 
At December 31, 2012
 
 
 
Unpaid Principal Balance at Period End
  
Recorded Investment
at Period End(1)
  
Reserve Balance Allocated within the Allowance for Loan Losses at Period End
 
One- to Four Family Residential and Cooperative Unit
 
  
  
 
   With no allocated reserve
 
$
1,079
  
$
1,079
  
$
-
 
   With an allocated reserve
  
258
   
212
   
7
 
Multifamily Residential and Residential Mixed Use
            
   With no allocated reserve
  
2,767
   
2,460
   
-
 
   With an allocated reserve
  
-
   
-
   
-
 
Mixed Use Commercial Real Estate
            
   With no allocated reserve
  
1,900
   
1,900
  
‑
 
   With an allocated reserve
  
-
   
-
   
-
 
Commercial Real Estate
            
   With no allocated reserve
  
33,416
   
32,217
  
‑
 
   With an allocated reserve
  
15,276
   
15,276
   
513
 
Construction
            
   With no allocated reserve
  
-
   
-
  
‑
 
   With an allocated reserve
  
-
   
-
  
‑
 
Total
            
   With no allocated reserve
 
$
39,162
  
$
37,656
  
$
-
 
   With an allocated reserve
 
$
15,534
  
$
15,488
  
$
520
 
(1)
The recorded investment excludes accrued interest receivable and loan origination fees, net, due to immateriality.

 
 
Three Months Ended
March 31, 2013
  
Three Months Ended
March 31, 2012
 
 
 
Average Recorded Investment
  
Interest
Income Recognized
  
Average Recorded Investment
  
Interest
Income Recognized
 
One- to Four Family Residential and Cooperative Unit
 
  
  
  
 
   With no allocated reserve
 
$
1,039
  
$
10
  
$
1,104
  
$
12
 
   With an allocated reserve
  
211
   
5
   
706
  
‑
 
Multifamily Residential and Residential Mixed Use
                
   With no allocated reserve
  
2,403
   
48
   
7,569
   
131
 
   With an allocated reserve
  
-
   
-
   
1,050
  
‑
 
Mixed Use Commercial Real Estate
                
   With no allocated reserve
  
1,891
   
52
   
3,880
   
24
 
   With an allocated reserve
  
-
   
-
   
480
  
‑
 
Commercial Real Estate
                
   With no allocated reserve
  
30,375
   
398
   
23,701
   
498
 
   With an allocated reserve
  
15,241
   
258
   
27,295
   
190
 
Construction
                
   With no allocated reserve
  
-
   
-
  
‑
  
‑
 
   With an allocated reserve
  
-
   
-
  
‑
   
-
 
Total
                
   With no allocated reserve
 
$
35,708
  
$
508
  
$
36,254
  
$
665
 
   With an allocated reserve
 
$
15,452
  
$
263
  
$
29,531
  
$
190
 
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 March 31,
 
 
 
2013
  
2012
 
Outstanding balance of multifamily loans serviced for FNMA at period end
 
$
244,159
  
$
300,347
 
Total First Loss Position at end of period
  
15,428
   
16,356
 
Reserve Liability on the First Loss Position
        
Balance at beginning of period
 
$
1,383
  
$
2,993
 
Transfer of specific reserve for serviced loans re-acquired by the Bank
  
-
  
‑
 
Credit for losses on problem loans(1)
  
(92
)
 
‑
 
Charge-offs and other net reductions in balance
  
-
   
(35
)
Balance at period end
 
$
1,291
  
$
2,958
 
(1) Amount recognized as a component of mortgage banking income during the period.