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LOANS RECEIVABLE AND CREDIT QUALITY (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 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)
 
$
8,008
  
$
-
  
$
-
  
$
-
  
$
-
  
$
8,008
 
Pass
  
59,639
   
3,419,617
   
350,247
   
426,999
   
-
   
4,256,502
 
Special Mention
  
1,354
   
8,441
   
2,550
   
5,893
   
-
   
18,238
 
Substandard
  
1,874
   
5,494
   
5,191
   
9,002
   
-
   
21,561
 
Doubtful
  
-
   
-
   
-
   
-
   
-
   
-
 
Total
 
$
70,875
  
$
3,433,552
  
$
357,988
  
$
441,894
  
$
-
  
$
4,304,309
 
(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
June 30, 2015
  
Balance at December 31, 2014
 
Performing
 
$
1,951
  
$
1,825
 
Non-accrual
  
3
   
4
 
Total
 
$
1,954
  
$
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 June 30, 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
$79
$5
$-
$749
$833
$70,042
$70,875
   Multifamily residential and residential mixed use
260
- 
144
- 
404
3,433,148
3,433,552
   Commercial mixed use real estate
- 
- 
409
- 
409
357,579
357,988
   Commercial real estate
- 
- 
491
207
698
441,196
441,894
Total real estate
$339
$5
$1,044
$956
$2,344
$4,301,965
$4,304,309
Consumer
$5
$-
$- 
$3
$8
$1,946
$1,954
(1) Includes all loans on non-accrual status regardless of the number of days such loans were delinquent as of June 30, 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
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 June 30, 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
$601
 
2
$605
   Multifamily residential and residential mixed use
3
712
 
4
1,105
   Commercial mixed use real estate
1
4,385
 
1
4,400
   Commercial real estate
2
3,666
 
4
13,707
Total real estate
8
$9,364
 
11
$19,817

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

 
As of June 30, 2015
 
As of December 31, 2014
 
No. of Loans
Balance
 
No. of Loans
Balance
Outstanding principal balance at period end
8
$9,364
 
11
$19,817
TDRs on accrual status at period end
7
9,157
 
9
15,100
TDRs on non-accrual status at period end
1
207
 
2
4,717

There were no loans modified in a manner that met the criteria of a TDR during the three-month and six-month periods ended June 30, 2015. During the three-month and six-month periods ended June 30, 2014, the Company reduced the interest rate on a commercial mixed use real estate loan with a recorded balance of $4,400 in a manner that met the criteria of a TDR.  At the time of modification, this loan was impaired, on non-accrual status, and had a reserve of $1,320 allocated within the allowance for loans losses.  Upon modification, the borrower paid all contractual amounts due, and the allocated reserve of $1,320 was eliminated. There were no other loan modifications during the three-month or six-month periods ended June 30, 2014 that met the definition of a TDR.