LOANS (Tables)

12 Months Ended

Dec. 31, 2015

Summary of the Credit Risk Profile of the Real Estate Loans

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 December 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)	$	7,698	$	-	$	-	$	-	$	-	$	7,698
Pass		61,256		3,743,298		370,110		473,242		-		4,647,906
Special Mention		945		9,759		1,622		4,857		-		17,183
Substandard		2,196		6,850		5,543		7,810		-		22,399
Doubtful		-		-		-		-		-		-
Total	$	72,095	$	3,759,907	$	377,275	$	485,909	$	-	$	4,695,186

⁽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 December 31, 2015		Balance at December 31, 2014
Performing	$	1,586	$	1,825
Non-accrual		4		4
Total	$	1,590	$	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 December 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	$	127	$	-	$	625	$	1,113	$	1,865	$	70,230	$	72,095
Multifamily residential and residential mixed use		2,235		-		2,514		287		5,036		3,754,871		3,759,907
Commercial mixed use real estate		-		406		406		-		812		376,463		377,275
Commercial real estate		200		-		987		207		1,394		484,515		485,909
Construction		-		-		-		-		-		-		-
Total real estate	$	2,562	$	406	$	4,532	$	1,607	$	9,107	$	4,686,079	$	4,695,186
Consumer	$	1	$	1	$	-	$	4	$	6	$	1,584	$	1,590

⁽¹⁾Includes all loans on non-accrual status regardless of the number of days such loans were delinquent as of December 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.

Accruing Loans 90 Days or More Past Due:

Troubled Debt Restructurings on Financing Receivables

TDRs

The following table summarizes outstanding TDRs by underlying collateral type as of the dates indicated:

	As of December 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	$	598		2	$	605
Multifamily residential and residential mixed use		3		696		4		1,105
Commercial mixed use real estate		1		4,344		1		4,400
Commercial real estate		2		3,635		4		13,707
Total real estate		8	$	9,273		11	$	19,817

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

	As of December 31, 2015				As of December 31, 2014
	No. of Loans		Balance		No. of Loans		Balance
Outstanding principal balance at period end		8	$	9,273		11	$	19,817
TDRs on accrual status at period end		7		9,066		8		15,100
TDRs on non-accrual status at period end		1		207		2		4,717

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

	For the Year Ended December 31, 2015						For the Year Ended December 31, 2014						For the Year Ended December 31, 2013
	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		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		-		-		-
TOTAL		-	$	-	$	-		2	$	7,900	$	7,900		-	$	-	$	-