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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, 2014
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
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, 2014
 
 
 
Real Estate Loans
  
Consumer Loans
 
 
 
One- to Four Family Residential, Including Condominium and Cooperative Apartment
  
Multifamily Residential and Residential Mixed Use
  
Commercial
Mixed Use
Real Estate
  
Commercial Real Estate
  
Construction
  
Total Real Estate
  
 
Beginning balance
 
$
236
  
$
13,840
  
$
3,003
  
$
3,047
  
$
3
  
$
20,129
  
$
24
 
Provision (credit) for loan losses
  
49
   
338
   
(206
)
  
102
   
(2
)
  
281
   
1
 
Charge-offs
  
(9
)
  
(37
)
  
(30
)
  
(108
)
  
-
   
-184
   
-
 
Recoveries
  
1
   
170
   
0
   
7
   
-
   
178
   
-
 
Ending balance
 
$
277
  
$
14,311
  
$
2,767
  
$
3,048
  
$
1
  
$
20,404
  
$
25
 
 
                            
Ending balance – loans individually evaluated for impairment
 
$
930
  
$
2,408
  
$
4,400
  
$
22,164
  
$
0
  
$
29,902
  
$
-
 
Ending balance – loans collectively evaluated for impairment
  
75,842
   
3,173,721
   
303,403
   
360,431
   
222
   
3,913,619
   
1,873
 
Allowance balance associated with loans individually evaluated for impairment
  
-
   
-
   
1,320
   
419
   
-
   
1,739
   
-
 
Allowance balance associated with loans collectively evaluated for impairment
  
277
   
14,311
   
1,447
   
2,629
   
1
   
18,665
   
25
 
Total Ending balance
 
$
277
  
$
14,311
  
$
1,447
  
$
2,629
  
$
1
  
$
18,665
  
$
25
 
 
 
 
At December 31, 2013
 
 Real Estate LoansConsumer Loans
 
One- to Four Family Residential, Including Condominium and Cooperative Apartment
Multifamily Residential and Residential Mixed Use
Commercial
Mixed Use
Real Estate
Commercial Real Estate
Construction
Total Real Estate
Ending balance – loans individually evaluated for impairment
 
$
1,199
  
$
2,345
  
$
4,400
  
$
22,245
  
$
-
  
$
30,189
  
$
-
 
Ending balance – loans collectively evaluated for impairment
  
72,757
   
2,920,205
   
371,510
   
302,451
   
268
   
3,667,191
   
2,139
 
Allowance balance associated with loans individually evaluated for impairment
  
-
   
-
   
1,320
   
451
   
-
   
1,771
   
-
 
Allowance balance associated with loans collectively evaluated for impairment
  
236
   
13,840
   
1,683
   
2,596
   
3
   
18,358
   
24
 
Total Ending balance
 
$
236
  
$
13,840
  
$
3,003
  
$
3,047
  
$
3
  
$
20,129
  
$
24
 

 
At or for the Three Months Ended March 31, 2013
 
 
Real Estate Loans
 
Consumer Loans
 
 
One- to Four Family Residential, Including Condominium and Cooperative Apartment
 
Multifamily Residential and Residential Mixed Use
 
Commercial
Mixed Use 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
   
0
   
32
   
-
 
Ending balance
 
$
350
  
$
13,890
  
$
2,590
  
$
3,652
  
$
22
  
$
20,504
  
$
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):

 
 
At March 31, 2014
 
 
 
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, Including Condominium and Cooperative Apartment
 
  
  
 
With no allocated reserve
 
$
973
  
$
930
  
$
$ -
 
With an allocated reserve
  
-
   
-
   
-
 
Multifamily Residential and Residential Mixed Use
            
With no allocated reserve
  
2,408
   
2,408
   
-
 
With an allocated reserve
  
-
   
-
   
-
 
Mixed Use Commercial Real Estate
            
With no allocated reserve
  
-
   
-
   
-
 
With an allocated reserve
  
4,500
   
4,400
   
1,320
 
Commercial Real Estate
            
With no allocated reserve
  
8,307
   
7,194
   
-
 
With an allocated reserve
  
14,970
   
14,970
   
419
 
Construction
            
With no allocated reserve
  
-
   
-
   
-
 
With an allocated reserve
  
-
   
-
   
-
 
Total
            
With no allocated reserve
 
$
11,688
  
$
10,532
  
$
$ -
 
With an allocated reserve
 
$
19,470
  
$
19,370
  
$
1,739
 
(1)The recorded investment excludes accrued interest receivable and loan origination fees, net, due to immateriality.

 
 
At December 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, Including Condominium and Cooperative Apartment
 
  
  
 
With no allocated reserve
 
$
1,066
  
$
987
  
$
$ -
 
With an allocated reserve
  
255
   
212
   
-
 
Multifamily Residential and Residential Mixed Use
            
With no allocated reserve
  
2,494
   
2,345
   
-
 
With an allocated reserve
  
-
   
-
   
-
 
Mixed Use Commercial Real Estate
            
With no allocated reserve
  
-
   
-
   
-
 
With an allocated reserve
  
4,500
   
4,400
   
1,320
 
Commercial Real Estate
            
With no allocated reserve
  
8,316
   
7,203
   
-
 
With an allocated reserve
  
15,042
   
15,042
   
451
 
Construction
            
With no allocated reserve
  
-
   
-
   
-
 
With an allocated reserve
  
-
   
-
   
-
 
Total
            
With no allocated reserve
 
$
11,876
  
$
10,535
  
$
$ -
 
With an allocated reserve
 
$
19,797
  
$
19,654
  
$
1,771
 
(1)The recorded investment excludes accrued interest receivable and loan origination fees, net, due to immateriality.



 
 
Three Months Ended March 31, 2014
  
Three Months Ended March 31, 2013
 
 
 
Average Recorded Investment
  
Interest Income Recognized
  
Average Recorded Investment
  
Interest Income Recognized
 
One- to Four Family Residential and Cooperative Unit
 
  
  
  
 
With no allocated reserve
 
$
959
  
$
15
  
$
629
  
$
15
 
With an allocated reserve
  
106
   
-
   
212
   
5
 
Multifamily Residential and Residential Mixed Use
                
With no allocated reserve
  
2,377
   
22
   
4,787
   
49
 
With an allocated reserve
  
-
   
-
   
-
   
-
 
Mixed Use Commercial Real Estate
                
With no allocated reserve
  
-
   
-
   
1,459
   
12
 
With an allocated reserve
  
4,400
   
-
   
-
   
-
 
Commercial Real Estate
                
With no allocated reserve
  
7,198
   
185
   
33,596
   
404
 
With an allocated reserve
  
15,006
   
31
   
15,284
   
189
 
Construction
                
With no allocated reserve
  
-
   
-
   
-
   
-
 
With an allocated reserve
  
-
   
-
   
-
   
-
 
Total
                
With no allocated reserve
 
$
10,534
  
$
222
  
$
40,471
  
$
480
 
With an allocated reserve
 
$
19,512
  
$
31
  
$
15,496
  
$
194
 
First Loss Position And Related Reserve Liability
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,
 
 
 
2014
  
2013
 
Outstanding balance of multifamily loans serviced for FNMA at period end
 
$
-
  
$
244,159
 
Total First Loss Position at end of period
  
-
   
15,428
 
Liability on the First Loss Position
        
Balance at beginning of period
 
$
1,040
  
$
1,383
 
Credit for losses on problem loans(1)
  
(1,040
)
  
(92
)
Balance at period end
 
$
0
  
$
1,291
 
(1)Amount recognized as a component of mortgage banking income during the period.