XML 59 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
ALLOWANCE FOR LOAN LOSSES AND RESERVE FOR FIRST LOSS POSITION ON MULTIFAMILY LOANS SOLD TO FNMA (Tables)
 9 Months Ended
Sep. 30, 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 tables present 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 September 30, 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
 
$
304
  
$
14,319
  
$
1,609
  
$
3,377
  
$
-
  
$
19,609
  
$
24
 
Provision (credit) for loan losses
  
(88
)
  
(115
)
  
198
   
(498
)
  
-
   
(503
)
  
2
 
Charge-offs
  
(14
)
  
(19
)
  
-
   
(22
)
  
-
   
(55
)
  
-
 
Recoveries
  
1
   
-
   
19
   
1
   
-
   
21
   
-
 
Ending balance
 
$
203
  
$
14,185
  
$
1,826
  
$
2,858
  
$
-
  
$
19,072
  
$
26
 
                             
Ending balance – loans individually evaluated for impairment
 
$
607
  
$
2,154
  
$
4,400
  
$
13,742
  
$
-
  
$
20,903
  
$
-
 
Ending balance – loans collectively evaluated for impairment
  
74,969
   
3,217,553
   
337,957
   
399,880
   
-
   
4,030,359
   
1,913
 
Allowance balance associated with loans individually evaluated for impairment
  
-
   
-
   
-
   
37
   
-
   
37
   
-
 
Allowance balance associated with loans collectively evaluated for impairment
  
203
   
14,185
   
1,826
   
2,821
   
-
   
19,035
   
26
 
Total Ending balance
 
$
203
  
$
14,185
  
$
1,826
  
$
2,858
  
$
-
  
$
19,072
  
$
26
 
 
 
At December 31, 2013
 
  
Real EstateLoans
  
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
     
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 September 30, 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
 
$
352
  
$
14,620
  
$
2,215
  
$
3,279
  
$
12
  
$
20,478
  
$
24
 
Provision (credit) for loan losses
  
(75
)
  
1,382
   
(443
)
  
(618
)
  
(11
)
  
235
   
5
 
Charge-offs
  
(11
)
  
(205
)
  
-
   
(1
)
  
-
   
(217
)
  
(6
)
Recoveries
  
8
   
13
   
-
   
-
   
-
   
21
   
-
 
Ending balance
 
$
274
  
$
15,810
  
$
1,772,000
  
$
2,660
  
$
1
  
$
20,517
  
$
23
 


At or for the Nine Months Ended September 30, 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
  
(118
)
  
239
   
(1,508
)
  
34
   
(3
)
  
(1,356
)
  
6
 
Charge-offs
  
(37
)
  
(69
)
  
(30
)
  
(232
)
  
-
   
(368
)
  
(4
)
Recoveries
  
122
   
175
   
361
   
9
   
-
   
667
   
-
 
Ending balance
 
$
203
  
$
14,185
  
$
1,826
  
$
2,858
  
$
-
  
$
19,072
  
$
26
 



At or for the Nine Months Ended September 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
  
29
   
1,840
   
(716
)
  
(719
)
  
(23
)
  
411
   
14
 
Charge-offs
  
(110
)
  
(362
)
  
(15
)
  
(5
)
  
-
   
(492
)
  
(18
)
Recoveries
  
11
   
33
   
29
   
2
   
-
   
75
   
-
 
Ending balance
 
$
274
  
$
15,810
  
$
1,772
  
$
2,660
  
$
-
  
$
20,517
  
$
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 September 30, 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
 
$
648
  
$
607
  
$
-
 
With an allocated reserve
  
-
   
-
   
-
 
Multifamily Residential and Residential Mixed Use
            
With no allocated reserve
  
2,154
   
2,154
   
-
 
With an allocated reserve
  
-
   
-
   
-
 
Commercial Mixed Use Real Estate
            
With no allocated reserve
  
4,445
   
4,400
   
-
 
With an allocated reserve
  
-
   
-
   
-
 
Commercial Real Estate
            
With no allocated reserve
  
10,316
   
8,217
   
-
 
With an allocated reserve
  
5,525
   
5,525
   
37
 
Construction
            
With no allocated reserve
  
-
   
-
   
-
 
With an allocated reserve
  
-
   
-
   
-
 
Total
            
With no allocated reserve
 
$
17,563
  
$
15,378
  
$
-
 
With an allocated reserve
 
$
5,525
  
$
5,525
  
$
37
 
(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
  
-
   
-
   
-
 
Commercial Mixed Use 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
September 30, 2014
  
Three Months Ended
September 30, 2013
  
Nine Months Ended
September 30, 2014
  
Nine Months Ended
September 30, 2013
 
  
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, Including Condominium and Cooperative Apartment
                
With no allocated reserve
 
$
769
  
$
12
  
$
$ 993
  
$
11
  
$
783
  
$
47
  
$
1,016
  
$
27
 
With an allocated reserve
  
-
   
-
   
212
   
5
   
52
   
-
   
212
   
14
 
Multifamily Residential and Residential Mixed Use
                                
With no allocated reserve
  
2,483
   
16
   
3,552
   
49
   
2,366
   
72
   
2,977
   
129
 
With an allocated reserve
  
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
Mixed Use Commercial Mixed Use Real Estate
                                
With no allocated reserve
  
2,200
   
44
   
1,289
   
17
   
2,200
   
193
   
1,590
   
110
 
With an allocated reserve
  
2,200
   
-
   
-
   
-
   
2,200
   
-
   
-
   
-
 
Commercial Real Estate
                                
With no allocated reserve
  
6,863
   
79
   
22,991
   
187
   
7,286
   
120
   
26,682
   
949
 
With an allocated reserve
  
10,259
   
73
   
15,155
   
275
   
10,272
   
423
   
15,199
   
671
 
Construction
                                
With no allocated reserve
  
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
With an allocated reserve
  
-
   
-
   
-
   
-
   
-
   
-
   
-
   
-
 
Total
                                
With no allocated reserve
 
$
12,315
  
$
151
  
$
$ 28,825
  
$
264
  
$
12,635
  
$
432
  
$
32,265
  
$
1,215
 
With an allocated reserve
 
$
12,459
  
$
73
  
$
$ 15,367
  
$
280
  
$
12,524
  
$
423
  
$
15,411
  
$
685
 
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 September 30,
  
At or for the Nine Months Ended September 30,
 
  
2014
  
2013
  
2014
  
2013
 
Outstanding balance of multifamily loans serviced for FNMA at period end
 
$
-
  
$
216,073
  
$
-
  
$
216,073
 
Total First Loss Position at end of period
  
-
   
15,428
   
-
   
15,428
 
Liability on the First Loss Position
                
Balance at beginning of period
 
$
$ -
  
$
$ 1,188
  
$
$ 1,040
  
$
$ 1,383
 
Credit for losses on problem loans(1)
  
-
   
(50
)
  
(1,040
)
  
(245
)
Charge-offs and other net reductions in balance
  
-
   
(38
)
  
-
   
(38
)
Balance at period end
 
$
$ -
  
$
$ 1,100
  
$
$ -
  
$
$ 1,100
 
(1)Amount recognized as a component of mortgage banking income during the period.