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ALLOWANCE FOR LOAN LOSSES AND RESERVE FOR FIRST LOSS POSITION ON MULTIFAMILY LOANS SOLD TO FNMA (Tables)
6 Months Ended
Jun. 30, 2015
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 June 30, 2015
 
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
$111 
$14,173 
$1,566 
$2,365 
$- 
$18,215 
$22 
Provision (credit) for loan losses
19 
238 
111 
(1,504)
-  
(1,136)
Charge-offs
(5) 
(40)
(1)
-  
(46)
(1)
Recoveries
1,489 
-  
1,498 
-  
Ending balance
$126 
$14,374 
$1,682 
$2,349 
$- 
$18,531 
$22 
        
Ending balance – loans individually evaluated for impairment
$601 
$712 
$4,385 
$3,666 
$-  
$9,364 
$-  
Ending balance – loans collectively evaluated for impairment
70,274 
3,432,840 
353,603 
438,228 
4,294,945 
1,954 
Allowance balance associated with loans individually evaluated for impairment
-  
-  
-  
-  
-  
-  
-  
Allowance balance associated with loans collectively evaluated for impairment
126 
14,374 
1,682 
2,349 
-  
18,531 
22 
Total Ending balance
$126 
$14,374 
$1,682 
$2,349 
$- 
$18,531 
$22 

 
At December 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
 
Ending balance – loans individually
   evaluated for impairment
$605 
$1,272 
$4,400 
$13,707 
$-  
$19,984 
$-  
Ending balance – loans collectively
   evaluated for impairment
72,895 
3,297,176 
324,267 
403,089 
-  
4,097,427 
1,829 
Allowance balance associated with loans
   individually evaluated for impairment
-  
-  
-  
19 
-  
19 
-  
Allowance balance associated with loans
   collectively evaluated for impairment
150 
13,852 
1,644 
2,804 
-  
18,450 
24 
 
 

 
At or for the Three Months Ended June 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
$277 
$14,311 
$2,767 
$3,048 
$1 
$20,404 
$25 
Provision (credit) for loan losses
(79)
16  
(1,500)
430 
(1)
(1,134)
Charge-offs
(14)
(13)
-  
(102)
-  
(129)
(5)
Recoveries
120 
5  
342 
-  
468 
-  
Ending balance
$304 
$14,319 
$1,609 
$3,377 
$-  
$19,609 
$24 



At or for the Six Months Ended June 30, 2015
 
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
$150 
$13,852 
$1,644 
$2,823 
$- 
$18,469 
$24 
Provision (credit) for loan losses
80 
560 
51 
(1,998)
(1,307)
-  
Charge-offs
(107)
(41)
(37)
(1)
-  
(186)
(2)
Recoveries
24 
1,525 
-  
1,555 
-  
Ending balance
$126 
$14,374 
$1,682 
$2,349 
$- 
$18,531 
$22 

At or for the Six Months Ended June 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
30 
354 
(1,706) 
532 
(3)
(853) 
Charge-offs
(23)
(50)
(30)
(210)
-  
(313)
(4) 
Recoveries
121 
175 
342  
-  
646 
-  
Ending balance
$304 
$14,319 
$1,609 
$3,377 
$- 
$19,609 
$24 

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 June 30, 2015
 
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
$640
$601
$- 
   With an allocated reserve
Multifamily Residential and Residential Mixed Use
   
   With no allocated reserve
712
712
   With an allocated reserve
Commercial Mixed Use Real Estate
   
   With no allocated reserve
4,385 
4,385
   With an allocated reserve
Commercial Real Estate
   
   With no allocated reserve
3,673
3,666
   With an allocated reserve
Construction
   
   With no allocated reserve
   With an allocated reserve
Total
   
   With no allocated reserve
$9,410
$9,364
$- 
   With an allocated reserve
$-
$-
$-
(1)
The recorded investment excludes accrued interest receivable and loan origination fees, net, due to immateriality.

 

 
 
At December 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
$646
$605
$- 
   With an allocated reserve
Multifamily Residential and Residential Mixed Use
   
   With no allocated reserve
1,272
1,272
   With an allocated reserve
Commercial Mixed Use Real Estate
   
   With no allocated reserve
4,425 
4,400
   With an allocated reserve
Commercial Real Estate
   
   With no allocated reserve
10,306
8,207
   With an allocated reserve
5,500
5,500
19
Construction
   
   With no allocated reserve
   With an allocated reserve
Total
   
   With no allocated reserve
$16,649
$14,484
$- 
   With an allocated reserve
$5,500
$5,500
$19
(1)
The recorded investment excludes accrued interest receivable and loan origination fees, net, due to immateriality.

 
Three Months Ended
June 30, 2015
 
Three Months Ended
June 30, 2014
 
Six Months Ended
June 30, 2015
 
Six Months Ended
June 30, 2014
 
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
$602
$11
 
$769
$20
 
$603
$23
 
$842
$35
   With an allocated reserve
-
 
-
 
 
70
Multifamily Residential and Residential Mixed Use
           
   With no allocated reserve
985
31
 
2,483
34
 
1,081
46
 
2,437
55
   With an allocated reserve
 
 
-
 
-
Commercial Mixed Use Real Estate
      
 
  
 
 
   With no allocated reserve
4,393
44
 
2,200
148
 
4,395
88
 
1,467
149
   With an allocated reserve
 
2,200
 
 
2,933
Commercial Real Estate
      
 
  
 
 
   With no allocated reserve
5,929
35
 
6,864
10
 
6,688
71
 
6,976
41
   With an allocated reserve
 
10,259
165
 
1,833
97
 
11,854
350
Construction
      
 
  
 
 
   With no allocated reserve
- 
 
- 
 
 
   With an allocated reserve
 
 
 
Total
      
 
  
 
 
   With no allocated reserve
$11,909
$121
 
$12,316
$212
 
$12,767
$228
 
$11,722
$280
   With an allocated reserve
$- 
$- 
 
$12,459
$165
 
$1,833
$97
 
$14,857
$350