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LOANS RECEIVABLE AND CREDIT QUALITY (Tables)
 9 Months Ended
Sep. 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 September 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)
 
$
8,098
  
$
-
  
$
-
  
$
-
  
$
-
  
$
8,098
 
Pass
  
58,311
   
3,550,193
   
373,219
   
459,773
   
-
   
4,441,496
 
Special Mention
  
1,347
   
9,339
   
1,630
   
5,620
   
-
   
17,936
 
Substandard
  
1,862
   
7,841
   
5,573
   
7,818
   
-
   
23,094
 
Doubtful
  
-
   
-
   
-
   
-
   
-
   
-
 
Total
 
$
69,618
  
$
3,567,373
  
$
380,422
  
$
473,211
  
$
-
  
$
4,490,624
 
(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 September 30, 2015
Balance at December 31, 2014
Performing
$1,466
$1,825
Non-accrual
2
4
Total
$1,468
$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 September 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
$174
$4
$630
$834
$1,642
$67,976
$69,618
   Multifamily residential and residential mixed use
2,244
- 
374
547 
3,165
3,564,208
3,567,373
   Commercial mixed use real estate
130 
- 
406
- 
536
379,886
380,422
   Commercial real estate
- 
- 
1,093
207
1,300
471,911
473,211
Total real estate
$2,548
$4
$2,503
$1,588
$6,643
$4,483,981
$4,490,624
Consumer
$2
$- 
$- 
$2
$4 
$1,464
$1,468
(1) Includes all loans on non-accrual status regardless of the number of days such loans were delinquent as of September 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, includingcondominium 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 September 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
$599
 
2
$605
   Multifamily residential and residential mixed use
3
705
 
4
1,105
   Commercial mixed use real estate
1
4,365
 
1
4,400
   Commercial real estate
2
3,651
 
4
13,707
Total real estate
8
$9,320
 
11
$19,817


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

 
As of September 30, 2015
 
As of December 31, 2014
 
No. of Loans
Balance
 
No. of Loans
Balance
Outstanding principal balance at period end
8
$9,320
 
11
$19,817
TDRs on accrual status at period end
7
9,113
 
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 nine-month periods ended September 30, 2015.

The following table summarizes activity related to TDRs for the periods indicated:

 
For the Three Months Ended
September 30, 2014
 
For the Nine Months Ended
September 30, 2014
 
Number of Loans
Pre-Modification
Outstanding Recorded Investment
Post-Modification Outstanding Recorded Investment
 
Number of Loans
Pre-Modification
Outstanding Recorded Investment
Post-Modification Outstanding Recorded Investment
Loan modifications during the period  that met the definition of a TDR:
       
     Commercial mixed use real estate
- 
- 
- 
 
1
$4,400
$4,400
     Commercial real estate
1
$3,500
$3,500
 
1
3,500
3,500
TOTAL
1
$3,500
$3,500
 
2
$7,900
$7,900