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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, 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 June 30, 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
$350 
$13,890 
$2,590 
$3,652 
$22 
$20,504 
$26 
Provision (credit) for loan losses
12 
755 
(360) 
(374)
(10)
23 
5 
Charge-offs
(11)
(46)
(15)
- 
-  
(72)
(7)
Recoveries
1 
21 
-  
1  
-  
23
-  
Ending balance
$352 
$14,620 
$2,215 
$3,279 
$12 
$20,478 
$24 
 
 
 
 
 
 
 
Ending balance – loans individually
   evaluated for impairment
$1,206 
$3,212 
$1,868 
$41,016 
$-  
$47,302 
$-  
Ending balance – loans collectively
   evaluated for impairment
79,904 
2,781,994 
339,189 
355,520 
338 
3,556,945 
2,517 
Allowance balance associated with loans
   individually evaluated for impairment
6 
-  
-  
516 
-  
522
-  
Allowance balance associated with loans
   collectively evaluated for impairment
346 
14,620 
2,215 
2,763
12 
19,956
24 

At December 31, 2012
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
   collectively evaluated for impairment
337 
14,299 
2,474 
2,869 
24 
20,003 
27 
Total Ending balance
$344 
$14,299 
$2,474 
$3,382 
$24 
$20,523 
$27 

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 
Provision
40 
1,840 
47 
347 
-  
2,274 
1 
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 
-  
Ending balance
$258 
$14,551 
$2,181 
$3,230 
$-  
$20,220 
$23 
 
 
 
 
 
 
 






 
At or for the Six Months Ended June 30, 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
104 
456 
(273)
(101) 
(12)
174
10
Charge-offs
(99) 
(156)
(15) 
(4) 
-  
(274) 
(13)
Recoveries
3
21
29
2
-  
55
-  
 
 
 
 
 
 
 
 
Ending balance
$352 
$14,620 
$2,215 
$3,279 
$12 
$20,478 
$24 
 
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 
Provision (reduction)
403 
2,237 
1,300 
(94) 
(121)
3,725 
7 
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 
-  
Ending balance
$258 
$14,551 
$2,181 
$3,230 
$-  
$20,220 
$23 




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 June 30, 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
$1,073
$995
$- 
   With an allocated reserve
257
212
6
Multifamily Residential and Residential Mixed Use
 
 
 
   With no allocated reserve
3,212
3,212
- 
   With an allocated reserve
- 
- 
- 
Mixed Use Commercial Real Estate
 
 
 
   With no allocated reserve
1,867
1,867
- 
   With an allocated reserve
- 
- 
- 
Commercial Real Estate
 
 
 
   With no allocated reserve
26,938
25,825
- 
   With an allocated reserve
15,191
15,191
516
Construction
 
 
 
   With no allocated reserve
- 
- 
- 
   With an allocated reserve
- 
- 
- 
Total
 
 
 
   With no allocated reserve
$33,090
$31,899
$- 
   With an allocated reserve
$15,448
$15,403
$522
(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
June 30, 2013
 
 
Three Months Ended
June 30, 2012
 
 
Six Months Ended
June 30, 2013
 
 
Six Months Ended
June 30, 2012
 
 
 
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
 
$
996
 
 
$
6
 
 
$
855
 
 
$
25
 
 
$
1,024
 
 
$
17
 
 
$
948
 
 
$
33
 
   With an allocated reserve
 
 
212
 
 
 
5
 
 
 
212
 
 
 
5
 
 
 
211
 
 
 
9
 
 
 
612
 
 
 
9
 
Multifamily Residential and Residential Mixed Use
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   With no allocated reserve
 
 
2,779
 
 
 
32
 
 
 
6,733
 
 
 
124
 
 
 
2,673
 
 
 
80
 
 
 
7,131
 
 
 
255
 
   With an allocated reserve
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
700
 
 
 
-
 
Mixed Use Commercial Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   With no allocated reserve
 
 
1,875
 
 
 
40
 
 
 
1,721
 
 
 
19
 
 
 
1,883
 
 
 
92
 
 
 
3,074
 
 
 
44
 
   With an allocated reserve
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
320
 
 
 
-
 
Commercial Real Estate
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   With no allocated reserve
 
 
27,179
 
 
 
364
 
 
 
35,226
 
 
 
417
 
 
 
28,858
 
 
 
762
 
 
 
27,421
 
 
 
914
 
   With an allocated reserve
 
 
15,198
 
 
 
138
 
 
 
15,322
 
 
 
189
 
 
 
15,225
 
 
 
396
 
 
 
23,301
 
 
 
379
 
Construction
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   With no allocated reserve
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
   With an allocated reserve
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   With no allocated reserve
 
$
32,829
 
 
$
442
 
 
$
44,535
 
 
$
585
 
 
$
34,438
 
 
$
951
 
 
$
38,574
 
 
$
1,246
 
   With an allocated reserve
 
$
15,410
 
 
$
143
 
 
$
15,534
 
 
$
194
 
 
$
15,436
 
 
$
405
 
 
$
24,933
 
 
$
388
 
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,
 
 
 
2013
 
 
2012
 
 
2013
 
 
2012
 
Outstanding balance of multifamily loans serviced for FNMA at period end
 
$
229,165
 
 
$
291,733
 
 
$
229,165
 
 
$
291,733
 
Total First Loss Position at end of period
 
 
15,428
 
 
 
16,356
 
 
 
15,428
 
 
 
16,356
 
Liability on the First Loss Position
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
1,291
 
 
$
2,958
 
 
$
1,383
 
 
$
2,993
 
Transfer of specific reserve for serviced loans re-acquired by the Bank
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Credit for losses on problem loans(1)
 
 
(102
)
 
 
(967
)
 
 
(194
)
 
 
(967
)
Charge-offs and other net reductions in balance
 
 
(1
)
 
 
(307
)
 
 
(1
)
 
 
(342
)
Balance at period end
 
$
1,188
 
 
$
1,684
 
 
$
1,188
 
 
$
1,684
 
(1) Amount recognized as a component of mortgage banking income during the period.