XML 23 R25.htm IDEA: XBRL DOCUMENT v2.4.1.9
LOANS RECEIVABLE AND CREDIT QUALITY (Tables)
 3 Months Ended
Mar. 31, 2015
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 March 31, 2015
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)
$8,499
$- 
$- 
$- 
$- 
$8,499
Pass
59,088
3,373,334
327,641
408,437
- 
4,168,500
Special Mention
1,362
19,043
3,242
6,164
- 
29,811
Substandard
2,033
6,155
4,534
13,573
- 
26,295
Doubtful
- 
- 
-
- 
- 
-
Total
$70,982
$3,398,532
$335,417
$428,174
$-
$4,233,105
(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, 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)
$9,091
$- 
$- 
$- 
$- 
$9,091
Pass
60,764
3,271,430
317,718
391,227
- 
4,041,139
Special Mention
1,370
20,738
4,944
6,431
- 
33,483
Substandard
2,275
6,280
6,005
19,138
- 
33,698
Doubtful
- 
- 
- 
- 
- 
- 
Total
$73,500
$3,298,448
$328,667
$416,796
$- 
$4,117,411
(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 March 31, 2015
Balance at December 31, 2014
Performing
$1,608
$1,825
Non-accrual
4
4
Total
$1,612
$1,829
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 March 31, 2015
 
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
$47
$53
$-
$1,141
$1,241
$69,741
$70,982
   Multifamily residential and residential mixed use
- 
1,136 
1,711
537
3,384
3,395,148
3,398,532
   Commercial mixed use real estate
- 
- 
- 
- 
- 
335,417
335,417
   Commercial real estate
- 
- 
- 
4,717
4,717
423,457
428,174
   Construction
- 
- 
- 
- 
- 
- 
- 
Total real estate
$47
$1,189
$1,711
$6,395
$9,342
$4,223,763
$4,233,105
Consumer
$3
$-
$- 
$4
$7
$1,605
$1,612
(1) Includes all loans on non-accrual status regardless of the number of days such loans were delinquent as of March 31, 2015.

At December 31, 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
$240
$- 
$-
$1,310
$1,550
$71,950
$73,500
   Multifamily residential and residential mixed use
1,187
- 
2,922
167
4,276
3,294,172
3,298,448
   Commercial mixed use real estate
- 
- 
411
- 
411
328,256
328,667
   Commercial real estate
- 
- 
- 
4,717
4,717
412,079
416,796
   Construction
- 
- 
- 
- 
- 
- 
- 
Total real estate
$1,427
$- 
$3,333
$6,194
$10,954
$4,106,457
$4,117,411
Consumer
$2
$- 
$- 
$4
$6
$1,823
$1,829
(1) Includes all loans on non-accrual status regardless of the number of days such loans were delinquent as of December 31, 2014.
Troubled Debt Restructurings on Financing Receivables
The following table summarizes outstanding TDRs by underlying collateral type as of the dates indicated:

 
As of March 31, 2015
 
As of December 31, 2014
 
No. of Loans
Balance
 
No. of Loans
Balance
   One- to four-family residential, including
     condominium and cooperative apartment
2
$603
 
2
$605
   Multifamily residential and residential mixed use
4
1,092
 
4
1,105
   Commercial mixed use real estate
1
4,400
 
1
4,400
   Commercial real estate
3
8,192
 
4
13,707
Total real estate
10
$14,287
 
11
$19,817

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

 
As of March 31, 2015
 
As of December 31, 2014
 
No. of Loans
Balance
 
No. of Loans
Balance
Outstanding principal balance at period end
10
$14,287
 
11
$19,817
TDRs on accrual status at period end
7
9,199
 
9
15,100
TDRs on non-accrual status at period end
3
5,088
 
2
4,717

There were no loan modifications during the three months ended March 31, 2015 or March 31, 2014 that met the definition of a TDR.
      The Bank's allowance for loan losses at March 31, 2015 did not reflect any allocated reserve associated with TDRs.  The Bank's allowance for loan losses at December 31, 2014 reflected $19 of allocated reserve associated with TDRs. Activity related to reserves associated with TDRs was immaterial during the three months ended March 31, 2015 and 2014.