LOANS RECEIVABLE AND CREDIT QUALITY (Tables)

9 Months Ended

Sep. 30, 2013

LOANS RECEIVABLE AND CREDIT QUALITY [Abstract]

Financing Receivable Credit Quality Indicators

The following is a summary of the credit risk profile of real estate loans (including deferred costs) by internally assigned grade as of the dates indicated:

	Balance at September 30, 2013
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
Not Graded(1)	$	11,946	$	-	$	-	$	-	$	-	$	11,946
Pass		57,397		2,845,551		323,687		361,417		-		3,588,052
Special Mention		6,944		15,011		5,942		5,010		-		32,907
Substandard		2,217		4,262		6,021		21,235		299		34,034
Total real estate loans	$	78,504	$	2,864,824	$	335,650	$	387,662	$	299	$	3,666,939

⁽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.

	Balance at December 31, 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
Not Graded(1)	$	16,141	$	-	$	-	$	-	$	-	$	16,141
Pass		66,415		2,665,410		326,053		363,299		-		3,421,177
Special Mention		6,333		7,711		5,547		2,639		-		22,230
Substandard		2,987		3,248		8,533		28,593		476		43,837
Total real estate loans	$	91,876	$	2,676,369	$	340,133	$	394,531	$	476	$	3,503,385

⁽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.

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 September 30, 2013		Balance at December 31, 2012
Performing	$	2,107	$	2,415
Non-accrual		2		8
Total	$	2,109	$	2,423

Past Due Financing Receivables

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 September 30, 2013
	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	$	300	$	155	$	-	$	1,136	$	1,591	$	76,913	$	78,504
Multifamily residential and residential mixed use		2,152		-		1,398		1,993		5,543		2,859,281		2,864,824
Mixed use commercial real estate		-		-		-		-		-		335,650		335,650
Commercial real estate		1,154		-		-		5,707		6,861		380,801		387,662
Construction		-		-		-		-		-		299		299
Total real estate	$	3,606	$	155	$	1,398	$	8,836	$	13,995	$	3,652,944	$	3,666,939
Consumer	$	1	$	1	$	-	$	2	$	4	$	2,105	$	2,109

⁽¹⁾ Includes all loans on non-accrual status regardless of the number of days such loans were delinquent as of September 30, 2013.

At December 31, 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	$	336	$	155	$	-	$	938	$	1,429	$	90,447	$	91,876
Multifamily residential and residential mixed use		6,451		-		190		507		7,148		2,669,221		2,676,369
Mixed use commercial real estate		-		-		-		1,170		1,170		338,963		340,133
Commercial real estate		207		-		-		6,265		6,472		388,059		394,531
Construction		-		-		-		-		-		476		476
Total real estate	$	6,994	$	155	$	190	$	8,880	$	16,219	$	3,487,166	$	3,503,385
Consumer	$	2	$	5	$	-	$	8	$	15	$	2,408	$	2,423

⁽¹⁾ Includes all loans on non-accrual status regardless of the number of days such loans were delinquent as of December 31, 2012.

Troubled Debt Restructurings on Financing Receivables

The following table summarizes outstanding TDRs by underlying collateral type as of the dates indicated:

	As of September 30, 2013				As of December 31, 2012
	No. of Loans		Balance		No. of Loans		Balance
One- to four-family residential and cooperative unit		3	$	938		3	$	948
Multifamily residential and residential mixed use		5		1,899		5		1,953
Mixed use commercial real estate		1		711		1		729
Commercial real estate		9		35,277		13		47,493
Total real estate		18	$	38,825		22	$	51,123

The following table summarizes outstanding TDRs by accrual status as of the dates indicated:

	As of September 30, 2013					As of December 31, 2012
	No. of Loans		Balance			No. of Loans		Balance
Outstanding principal balance at period end		18		$	38,825		22		$	51,123
TDRs on accrual status at period end		16			33,118		20			44,858
TDRs on non-accrual status at period end		2			5,707		2			6,265

There were no loan modifications during the three months ended September 30, 2013 and 2012 that met the definition of a TDR.  The following table summarizes activity related to TDRs for the periods indicated:

	For the Nine Months Ended September 30, 2013						For the Nine Months Ended September 30, 2012
	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
Commercial real estate		-		-		-		2			4,430			4,430
TOTAL		-		-		-		3		$	4,889		$	4,889