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LOANS RECEIVABLE AND CREDIT QUALITY (Tables)
 6 Months Ended
Jun. 30, 2014
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 June 30, 2014
 
Grade
 
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 Loans
 
Not Graded(1)
 
$
10,246
  
$
-
  
$
-
  
$
-
  
$
-
  
$
10,246
 
Pass
  
54,486
   
3,143,010
   
312,749
   
386,816
   
-
   
3,897,061
 
Special Mention
  
7,386
   
15,182
   
5,143
   
14,390
   
-
   
42,101
 
Substandard
  
2,324
   
3,788
   
6,435
   
10,596
   
-
   
23,143
 
Doubtful
  
-
   
-
   
-
   
-
   
-
   
-
 
Total
 
$
74,442
  
$
3,161,980
  
$
324,327
  
$
411,802
  
$
-
  
$
3,972,551
 
(1) Amount comprised of fully performing one- to four-family residential and condominium and cooperative unit loans with balances equal to or less than the FNMA Limits.

 
 
Balance at December 31, 2013
 
Grade
 
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 Loans
 
Not Graded(1)
 
$
11,370
  
$
-
  
$
-
  
$
-
  
$
-
  
$
11,370
 
Pass
  
53,472
   
2,900,979
   
364,808
   
299,122
   
-
   
3,618,381
 
Special Mention
  
6,651
   
17,938
   
5,203
   
4,420
   
-
   
34,212
 
Substandard
  
2,463
   
3,633
   
4,579
   
21,154
   
268
   
32,097
 
Doubtful
  
-
   
-
   
1,320
   
-
   
-
   
1,320
 
Total
 
$
73,956
  
$
2,922,550
  
$
375,910
  
$
324,696
  
$
268
  
$
3,697,380
 
(1) Amount comprised of fully performing one- to four-family residential and condominium 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 June 30, 2014
  
Balance at December 31, 2013
 
Performing
 
$
2,435
  
$
2,136
 
Non-accrual
  
5
   
3
 
Total
 
$
2,440
  
$
2,139
 
 
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 June 30, 2014
 
 
 
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, including condominium and cooperative apartment
 
$
129
  
$
82
  
$
-
  
$
1,422
  
$
1,633
  
$
72,809
  
$
74,442
 
Multifamily residential and residential mixed use
  
-
   
575
   
348
   
1,431
   
2,354
   
3,159,626
   
3,161,980
 
   Commercial mixed use real estate
  
-
   
-
   
-
   
4,400
   
4,400
   
319,927
   
324,327
 
Commercial real estate
  
1,484
   
-
   
2,256
   
5,047
   
8,787
   
403,015
   
411,802
 
Construction
  
-
   
-
   
-
   
-
   
-
   
-
   
-
 
Total real estate
 
$
1,613
  
$
657
  
$
2,604
  
$
12,300
  
$
17,174
  
$
3,955,377
  
$
3,972,551
 
Consumer
 
$
4
  
$
-
  
$
-
  
$
5
  
$
9
  
$
2,431
  
$
2,440
 
(1) Includes all loans on non-accrual status regardless of the number of days such loans were delinquent as of June 30, 2014.

At December 31, 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, including condominium and  cooperative apartment
 
$
143
  
$
302
  
$
-
  
$
1,242
  
$
1,687
  
$
72,269
  
$
73,956
 
Multifamily residential and residential mixed use
  
744
   
-
   
1,031
   
1,197
   
2,972
   
2,919,578
   
2,922,550
 
   Commercial mixed use real estate
  
-
   
-
   
-
   
4,400
   
4,400
   
371,510
   
375,910
 
Commercial real estate
  
404
   
-
   
-
   
5,707
   
6,111
   
318,585
   
324,696
 
Construction
  
-
   
-
   
-
   
-
   
-
   
268
   
268
 
Total real estate
 
$
1,291
  
$
302
  
$
1,031
  
$
12,546
  
$
15,170
  
$
3,682,210
  
$
3,697,380
 
Consumer
 
$
6
  
$
4
  
$
-
  
$
3
  
$
13
  
$
2,126
  
$
2,139
 
(1) Includes all loans on non-accrual status regardless of the number of days such loans were delinquent as of December 31, 2013.
Troubled Debt Restructurings on Financing Receivables
The following table summarizes outstanding TDRs by underlying collateral type as of the dates indicated:

 
 
As of June 30, 2014
  
As of December 31, 2013
 
 
 
No. of Loans
  
Balance
  
No. of Loans
  
Balance
 
One- to four-family residential, including condominium and cooperative apartment
  
2
  
$
609
   
3
  
$
934
 
Multifamily residential and residential mixed use
  
4
   
1,126
   
4
   
1,148
 
Commercial mixed use real estate
  
1
   
4,400
   
-
   
-
 
Commercial real estate
  
4
   
12,080
   
5
   
22,245
 
Total real estate
  
11
  
$
18,215
   
12
  
$
24,327
 

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

 
As of June 30, 2014
 
As of December 31, 2013
 
 
No. of Loans
 
Balance
 
No. of Loans
 
Balance
 
Outstanding principal balance at period end
  
11
  
$
18,215
   
12
  
$
24,327
 
TDRs on accrual status at period end
  
8
   
8,768
   
10
   
18,620
 
TDRs on non-accrual status at period end
  
3
   
9,447
   
2
   
5,707