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ALLOWANCE FOR LOAN LOSSES AND RESERVE FOR FIRST LOSS POSITION (Tables)
 12 Months Ended
Dec. 31, 2015
ALLOWANCE FOR LOAN LOSSES [Abstract]  
Allowance For Credit Losses For Impairment By Financing Receivables Class
Consumer Loans

Due to their small individual balances, the Bank does not evaluate individual consumer loans for impairment.  Loss percentages are applied to aggregate consumer loans based upon both their delinquency status and loan type.  These loss percentages are derived from a combination of the Company's historical loss experience and/or nationally published loss data on such loans.  Consumer loans in excess of 120 days delinquent are typically fully charged off against the allowance for loan losses.

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 Year Ended December 31, 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
  
222
   
309
   
21
   
(1,880
)
  
-
   
(1,328
)
  
(2
)
Charge-offs
  
(115
)
  
(48
)
  
(37
)
  
(7
)
  
-
   
(207
)
  
(2
)
Recoveries
  
6
   
5
   
24
   
1,525
   
-
   
1,560
   
-
 
Ending balance
 
$
263
  
$
14,118
  
$
1,652
  
$
2,461
  
$
-
  
$
18,494
  
$
20
 
                             
Ending balance – loans individually evaluated for impairment
 
$
598
  
$
983
  
$
4,345
  
$
3,635
  
$
-
  
$
9,561
  
$
-
 
Ending balance – loans collectively evaluated for impairment
  
71,497
   
3,758,924
   
372,930
   
482,274
   
-
   
4,685 625
   
1,590
 
Allowance balance associated with loans individually evaluated for impairment
  
-
   
-
   
-
   
-
   
-
   
-
   
-
 
Allowance balance associated with loans collectively evaluated for impairment
  
263
   
14,118
   
1,652
   
2,461
   
-
   
18,494
   
20
 
 

 
At or for the Year Ended 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
  
 
Beginning balance
 
$
236
  
$
13,840
  
$
3,003
  
$
3,047
  
$
3
  
$
20,129
  
$
24
 
Provision (credit) for loan losses
  
(164
)
  
(76
)
  
(1,710
)
  
72
   
(3
)
  
(1,881
)
  
9
 
Charge-offs
  
(46
)
  
(87
)
  
(30
)
  
(306
)
  
-
   
(469
)
  
(9
)
Recoveries
  
124
   
175
   
381
   
10
   
-
   
690
   
-
 
Ending balance
 
$
150
  
$
13,852
  
$
1,644
  
$
2,823
  
$
-
  
$
18,469
  
$
24
 
                             
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 Year Ended December 31, 2013
 
 
 
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
 
$
344
  
$
14,299
  
$
2,474
  
$
3,382
  
$
24
  
$
20,523
  
$
27
 
Provision (credit) for loan losses
  
(187
)
  
10
   
891
   
(342
)
  
(21
)
  
351
   
18
 
Charge-offs
  
(117
)
  
(504
)
  
(391
)
  
(9
)
  
-
   
(1,021
)
  
(21
)
Recoveries
  
196
   
35
   
29
   
16
   
-
   
276
   
-
 
Ending balance
 
$
236
  
$
13,840
  
$
3,003
  
$
3,047
  
$
3
  
$
20,129
  
$
24
 
                             
Ending balance – loans individually evaluated for impairment
 
$
1,199
  
$
2,345
  
$
4,400
  
$
22,245
  
$
-
  
$
30,189
  
$
-
 
Ending balance – loans collectively evaluated for impairment
  
72,757
   
2,920,205
   
371,510
   
302,451
   
268
   
3,667,191
   
2,139
 
Allowance balance associated with loans individually evaluated for impairment
  
-
   
-
   
1,320
   
451
   
-
   
1,771
   
-
 
Allowance balance associated with loans collectively evaluated for impairment
  
236
   
13,840
   
1,683
   
2,596
   
3
   
18,358
   
24
 
Summary of Impaired Real Estate Loans
The following tables summarize impaired real estate loans as of and for the periods indicated (by collateral type within the real estate loan segment):

  
At December 31, 2015
  
For the Year Ended
December 31, 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
  
Average Recorded Investment(1)
  
Interest
Income Recognized
 
One- to Four Family Residential, Including
   Condominium and Cooperative Apartment
          
   With no allocated reserve
 
$
635
  
$
598
  
$
-
  
$
601
  
$
44
 
   With an allocated reserve
  
-
   
-
   
-
   
-
   
-
 
Multifamily Residential and Residential Mixed Use
                    
   With no allocated reserve
  
983
   
983
   
-
   
1,095
   
71
 
   With an allocated reserve
  
-
   
-
   
-
   
-
   
-
 
Commercial Mixed Use Real Estate
                    
   With no allocated reserve
  
4,345
   
4,345
   
-
   
4,379
   
176
 
   With an allocated reserve
  
-
   
-
   
-
   
-
   
-
 
Commercial Real Estate
                    
   With no allocated reserve
  
3,642
   
3,635
   
-
   
5,470
   
140
 
   With an allocated reserve
  
-
   
-
   
-
   
1,100
   
97
 
Construction
                    
   With no allocated reserve
  
-
   
-
   
-
   
-
   
-
 
   With an allocated reserve
  
-
   
-
   
-
   
-
   
-
 
Total
                    
   With no allocated reserve
 
$
9,605
  
$
9,561
  
$
-
  
$
11,545
  
$
431
 
   With an allocated reserve
 
$
-
  
$
-
  
$
-
  
$
1,100
  
$
97
 
(1)
The recorded investment excludes accrued interest receivable and loan origination fees, net, due to immateriality.

  
At December 31, 2014
  
For the Year Ended
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
  
Average Recorded Investment(1)
  
Interest
Income Recognized
 
One- to Four Family Residential, Including Condominium and Cooperative Apartment
          
   With no allocated reserve
 
$
646
  
$
605
  
$
-
  
$
747
  
$
58
 
   With an allocated reserve
  
-
   
-
   
-
   
41
   
-
 
Multifamily Residential and Residential Mixed Use
                    
   With no allocated reserve
  
1,272
   
1,272
   
-
   
2,147
   
87
 
   With an allocated reserve
  
-
   
-
   
-
   
-
   
-
 
Commercial Mixed Use Real Estate
                    
   With no allocated reserve
  
4,425
   
4,400
   
-
   
2,640
   
237
 
   With an allocated reserve
  
-
   
-
   
-
   
1,760
   
-
 
Commercial Real Estate
                    
   With no allocated reserve
  
10,306
   
8,207
   
-
   
7,470
   
148
 
   With an allocated reserve
  
5,500
   
5,500
   
19
   
9,317
   
495
 
Construction
                    
   With no allocated reserve
  
-
   
-
   
-
   
-
   
-
 
   With an allocated reserve
  
-
   
-
   
-
   
-
   
-
 
Total
                    
   With no allocated reserve
 
$
16,649
  
$
14,484
  
$
-
  
$
13,004
  
$
530
 
   With an allocated reserve
 
$
5,500
  
$
5,500
  
$
19
  
$
11,118
  
$
495
 
(1) The recorded investment excludes accrued interest receivable and loan origination fees, net, due to immateriality.


  
At December 31, 2013
  
For the Year Ended
December 31, 2013
 
  
Unpaid Principal Balance at Period End
  
Recorded Investment
at Period End(1)
  
Reserve Balance Allocated within the Allowance for Loan Losses at Period End
  
Average Recorded Investment(1)
  
Interest
Income Recognized
 
One- to Four Family Residential, Including Condominium and Cooperative Apartment
          
   With no allocated reserve
 
$
1,066
  
$
987
  
$
-
  
$
1,010
  
$
42
 
   With an allocated reserve
  
255
   
212
   
-
   
211
   
14
 
Multifamily Residential and Residential Mixed Use
                    
   With no allocated reserve
  
2,494
   
2,345
   
-
   
2,851
   
163
 
   With an allocated reserve
  
-
   
-
   
-
   
-
   
-
 
Commercial Mixed Use Real Estate
                    
   With no allocated reserve
  
-
   
-
   
-
   
1,272
   
200
 
   With an allocated reserve
  
4,500
   
4,400
   
1,320
   
880
   
-
 
Commercial Real Estate
                    
   With no allocated reserve
  
8,316
   
7,203
   
-
   
22,787
   
1,100
 
   With an allocated reserve
  
15,042
   
15,042
   
451
   
15,168
   
857
 
Construction
                    
   With no allocated reserve
  
-
   
-
   
-
   
-
   
-
 
   With an allocated reserve
  
-
   
-
   
-
   
-
   
-
 
Total
                    
   With no allocated reserve
 
$
11,876
  
$
10,535
  
$
-
  
$
27,920
  
$
1,505
 
   With an allocated reserve
 
$
19,797
  
$
19,654
  
$
1,771
  
$
16,259
  
$
871
 
(1) The recorded investment excludes accrued interest receivable and loan origination fees, net, due to immateriality.
First Loss Position And Related Reserve Liability
The following is a summary of the aggregate balance of multifamily loans serviced for FNMA, the period-end First Loss Position associated with these loans and activity in the related liability:

  
At or for the Year Ended December 31,
 
  
2015
  
2014
  
2013
 
Outstanding balance of multifamily loans serviced for FNMA at period end
 
$
-
  
$
-
  
$
208,375
 
Total First Loss Position at end of period
  
-
   
-
   
15,428
 
Reserve Liability on the First Loss Position
            
Balance at beginning of period
 
$
-
  
$
1,040
  
$
1,383
 
Credit for losses on problem loans(1)
  
-
   
(1,040
)
  
(305
)
Charge-offs and other net reductions in balance
  
-
   
-
   
(38
)
Balance at period end
 
$
-
  
$
-
  
$
1,040
 
(1) Amount recognized as a portion of mortgage banking income during the period.