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ALLOWANCE FOR LOAN LOSSES (Tables)
 9 Months Ended
Sep. 30, 2016
ALLOWANCE FOR LOAN LOSSES [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 September 30, 2016
 
  
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
  
Total
Real Estate
 
Beginning balance
 
$
192
  
$
14,826
  
$
1,684
  
$
2,187
  
$
18,889
  
$
20
 
Provision (credit) for loan losses
  
(48
)
  
1,293
   
36
   
(115
)
  
1,166
   
2
 
Charge-offs
  
(4
)
  
(14
)
  
(8
)
  
-
   
(26
)
  
(2
)
Recoveries
  
-
   
-
   
-
   
-
   
-
   
-
 
Ending balance
 
$
140
  
$
16,105
  
$
1,712
  
$
2,072
  
$
20,029
  
$
20
 
                         
Ending balance – loans individually evaluated for impairment
 
$
410
  
$
3,356
  
$
4,451
  
$
3,380
  
$
11,597
  
$
-
 
Ending balance – loans collectively evaluated for impairment
  
74,887
   
4,454,790
   
398,258
   
548,959
   
5,476,894
   
1,675
 
Allowance balance associated with loans individually evaluated for impairment
  
-
   
-
   
-
   
-
   
-
   
-
 
Allowance balance associated with loans collectively evaluated for impairment
  
140
   
16,105
   
1,712
   
2,072
   
20,029
   
20
 
 
At 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
  
Total
Real Estate
 
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 Three Months Ended September 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
  
Total
Real Estate
 
Beginning balance
 
$
126
  
$
14,374
  
$
1,682
  
$
2,349
  
$
18,531
  
$
22
 
Provision (credit) for loan losses
  
19
   
288
   
92
   
18
   
417
   
(1
)
Charge-offs
  
(6
)
  
(1
)
  
-
   
(4
)
  
(11
)
  
-
 
Recoveries
  
1
   
-
   
-
   
-
   
1
   
-
 
Ending balance
 
$
140
  
$
14,661
  
$
1,774
  
$
2,363
  
$
18,938
  
$
21
 

At or for the Nine Months Ended September 30, 2016
 
  
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
  
Total
Real Estate
 
Beginning balance
 
$
263
  
$
14,118
  
$
1,652
  
$
2,461
  
$
18,494
  
$
20
 
Provision (credit) for loan losses
  
(94
)
  
2,024
   
70
   
(412
)
  
1,588
   
1
 
Charge-offs
  
(31
)
  
(74
)
  
(10
)
  
-
   
(115
)
  
(2
)
Recoveries
  
2
   
37
   
-
   
23
   
62
   
1
 
Ending balance
 
$
140
  
$
16,105
  
$
1,712
  
$
2,072
  
$
20,029
  
$
20
 

At or for the Nine Months Ended September 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
  
Total
Real Estate
 
Beginning balance
 
$
150
  
$
13,852
  
$
1,644
  
$
2,823
  
$
18,469
  
$
24
 
Provision (credit) for loan losses
  
99
   
848
   
143
   
(1,980
)
  
(890
)
  
(1
)
Charge-offs
  
(113
)
  
(42
)
  
(37
)
  
(5
)
  
(197
)
  
(2
)
Recoveries
  
4
   
3
   
24
   
1,525
   
1,556
   
-
 
Ending balance
 
$
140
  
$
14,661
  
$
1,774
  
$
2,363
  
$
18,938
  
$
21
 
Summary of Impaired Real Estate Loans
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 September 30, 2016
  
Three Months Ended
September 30, 2016
  
Nine Months Ended
September 30, 2016
 
  
Unpaid
Principal
Balance
  
Recorded
Investment(1)
  
Related
Allowance
  
Average
Recorded
Investment
  
Interest
Income
Recognized
  
Average
Recorded
Investment
  
Interest
Income
Recognized
 
                      
With no related allowance recorded:
                     
One- to Four Family Residential, Including Condominium and Cooperative Apartment
 
$
410
  
$
410
  
$
-
  
$
412
  
$
6
  
$
452
  
$
47
 
Multifamily Residential and Residential Mixed Use
  
3,356
   
3,356
   
-
   
3,643
   
99
   
2,310
   
138
 
Commercial Mixed Use Real Estate
  
4,451
   
4,451
   
-
   
4,404
   
43
   
4,383
   
131
 
Commercial Real Estate
  
3,380
   
3,380
   
-
   
3,388
   
34
   
3,456
   
102
 
Total with no related allowance recorded
  
11,597
   
11,597
   
-
   
11,847
   
182
   
10,601
   
418
 
                             
With related allowance recorded:
                            
One- to Four Family Residential, Including Condominium and Cooperative Apartment
  
-
   
-
   
-
   
-
   
-
   
-
   
-
 
Multifamily Residential and Residential Mixed Use
  
-
   
-
   
-
   
-
   
-
   
-
   
-
 
Commercial Mixed Use Real Estate
  
-
   
-
   
-
   
-
   
-
   
-
   
-
 
Commercial Real Estate
  
-
   
-
   
-
   
-
   
-
   
-
   
-
 
Total with related allowance recorded
  
-
   
-
   
-
   
-
   
-
   
-
   
-
 
                             
Total:
                            
One- to Four Family Residential, Including Condominium and Cooperative Apartment
  
410
   
410
   
-
   
412
   
6
   
452
   
47
 
Multifamily Residential and Residential Mixed Use
  
3,356
   
3,356
   
-
   
3,643
   
99
   
2,310
   
138
 
Commercial Mixed Use Real Estate
  
4,451
   
4,451
   
-
   
4,404
   
43
   
4,383
   
131
 
Commercial Real Estate
  
3,380
   
3,380
   
-
   
3,388
   
34
   
3,456
   
102
 
Ending balance
 
$
11,597
  
$
11,597
  
$
-
  
$
11,847
  
$
182
  
$
10,601
  
$
418
 
(1)
The recorded investment excludes accrued interest receivable and loan origination fees, net, due to immateriality.
 
  
At December 31, 2015
  
Three Months Ended
September 30, 2015
  
Nine Months Ended
September 30, 2015
 
  
Unpaid
Principal
Balance
  
Recorded
Investment(1)
  
Related
Allowance
  
Average
Recorded
Investment
  
Interest
Income
Recognized
  
Average
Recorded
Investment
  
Interest
Income
Recognized
 
                      
With no related allowance recorded:
                     
One- to Four Family Residential, Including Condominium and Cooperative Apartment
 
$
635
  
$
598
  
$
-
  
$
601
  
$
11
  
$
602
  
$
34
 
Multifamily Residential and Residential Mixed Use
  
983
   
983
   
-
   
1,074
   
10
   
1,123
   
56
 
Commercial Mixed Use Real Estate
  
4,345
   
4,345
   
-
   
4,383
   
44
   
4,388
   
132
 
Commercial Real Estate
  
3,642
   
3,635
   
-
   
5,169
   
35
   
5,929
   
106
 
Total with no related allowance recorded
  
9,605
   
9,561
   
-
   
11,227
   
100
   
12,042
   
328
 
                             
With related allowance recorded:
                            
One- to Four Family Residential, Including Condominium and Cooperative Apartment
  
-
   
-
   
-
   
-
   
-
   
-
   
-
 
Multifamily Residential and Residential Mixed Use
  
-
   
-
   
-
   
-
   
-
   
-
   
-
 
Commercial Mixed Use Real Estate
  
-
   
-
   
-
   
-
   
-
   
-
   
-
 
Commercial Real Estate
  
-
   
-
   
-
   
-
   
-
   
1,375
   
97
 
Total with related allowance recorded
  
-
   
-
   
-
   
-
   
-
   
1,375
   
97
 
                             
Total:
                            
One- to Four Family Residential, Including Condominium and Cooperative Apartment
  
635
   
598
   
-
   
601
   
11
   
602
   
34
 
Multifamily Residential and Residential Mixed Use
  
983
   
983
   
-
   
1,074
   
10
   
1,123
   
56
 
Commercial Mixed Use Real Estate
  
4,345
   
4,345
   
-
   
4,383
   
44
   
4,388
   
132
 
Commercial Real Estate
  
3,642
   
3,635
   
-
   
5,169
   
35
   
7,304
   
203
 
Ending balance
 
$
9,605
  
$
9,561
  
$
-
  
$
11,227
  
$
100
  
$
13,417
  
$
425
 
(1)
The recorded investment excludes accrued interest receivable and loan origination fees, net, due to immateriality.