XML 39 R28.htm IDEA: XBRL DOCUMENT v3.19.2
ALLOWANCE FOR LOAN LOSSES (Tables)
 6 Months Ended
Jun. 30, 2019
ALLOWANCE FOR LOAN LOSSES [Abstract]  
Allowance for Credit Losses for Impairment by Financing Receivables Class
The following tables present data regarding the allowance for loan losses activity for the periods indicated:

  
At or for the Three Months Ended June 30, 2019
 
  
Real Estate Loans
       
  
One-to-Four
Family
Residential,
Including
Condominium and
Cooperative
Apartment
  
Multifamily
Residential
and Residential
Mixed-Use
  
Commercial
Real Estate
and
Commercial
Mixed-Use
  
ADC
  
Total
Real
Estate
  
C&I
  
Consumer
Loans
 
Beginning balance
 
$
201
  
$
12,988
  
$
4,022
  
$
643
  
$
17,854
  
$
4,069
  
$
18
 
Provision (credit) for loan losses
  
8
   
(1,136
)
  
(36
)
  
337
   
(827
)
  
379
   
(1
)
Charge-offs
  
(5
)
  
(35
)
  
(140
)
  
—
   
(180
)
  
(182
)
  
—
 
Recoveries
  
3
   
—
   
—
   
—
   
3
   
1
   
—
 
Ending balance
 
$
207
  
$
11,817
  
$
3,846
  
$
980
  
$
16,850
  
$
4,267
  
$
17
 

  
At or for the Three Months Ended June 30, 2018
 
  
Real Estate Loans
       
  
One- to Four
Family
Residential,
Including
Condominium and
Cooperative
Apartment
  
Multifamily
Residential
and Residential
Mixed-Use
  
Commercial
Real Estate
and
Commercial
Mixed-Use
  
ADC
  
Total
Real
Estate
  
C&I
  
Consumer
Loans
 
Beginning balance
 
$
102
  
$
14,996
  
$
3,518
  
$
126
  
$
18,742
  
$
2,445
  
$
17
 
Provision (credit) for loan losses
  
173
   
(697
)
  
151
   
15
   
(358
)
  
1,471
   
—
 
Charge-offs
  
(153
)
  
—
   
(2
)
  
—
   
(155
)
  
(1,179
)
  
—
 
Recoveries
  
1
   
—
   
—
   
—
   
1
   
—
   
—
 
Ending balance
 
$
123
  
$
14,299
  
$
3,667
  
$
141
  
$
18,230
  
$
2,737
  
$
17
 

  
At or for the Six Months Ended June 30, 2019
 
  
Real Estate Loans
       
  
One-to-Four
Family
Residential,
Including
Condominium and
Cooperative
Apartment
  
Multifamily
Residential
and Residential
Mixed-Use
  
Commercial
Real Estate
and
Commercial
Mixed-Use
  
ADC
  
Total
Real
Estate
  
C&I
  
Consumer
Loans
 
Beginning balance
 
$
198
  
$
13,446
  
$
3,777
  
$
397
  
$
17,818
  
$
3,946
  
$
18
 
Provision (credit) for loan losses
  
12
   
(1,589
)
  
214
   
583
   
(780
)
  
652
   
—
 
Charge-offs
  
(6
)
  
(40
)
  
(145
)
  
—
   
(191
)
  
(332
)
  
(1
)
Recoveries
  
3
   
—
   
—
   
—
   
3
   
1
   
—
 
Ending balance
 
$
207
  
$
11,817
  
$
3,846
  
$
980
  
$
16,850
  
$
4,267
  
$
17
 

  
At or for the Six Months Ended June 30, 2018
 
  
Real Estate Loans
       
  
One- to Four
Family
Residential,
Including
Condominium and
Cooperative
Apartment
  
Multifamily
Residential
and Residential
Mixed-Use
  
Commercial
Real Estate
and
Commercial
Mixed-Use
  
ADC
  
Total
Real
Estate
  
C&I
  
Consumer
Loans
 
Beginning balance
 
$
116
  
$
15,219
  
$
3,535
  
$
123
  
$
18,993
  
$
2,021
  
$
19
 
Provision (credit) for loan losses
  
173
   
(920
)
  
138
   
18
   
(591
)
  
1,895
   
2
 
Charge-offs
  
(168
)
  
—
   
(6
)
  
—
   
(174
)
  
(1,179
)
  
(4
)
Recoveries
  
2
   
—
   
—
   
—
   
2
   
0
   
0
 
Ending balance
 
$
123
  
$
14,299
  
$
3,667
  
$
141
  
$
18,230
  
$
2,737
  
$
17
 

The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment evaluation method as of the dates indicated:

  
At June 30, 2019
 
  
Real Estate Loans
     
Consumer
Loans
 
  
One-to-Four Family
Residential, Including
Condominium and
Cooperative
Apartment
  
Multifamily
Residential
and
Residential
Mixed-Use
  
Commercial
Real Estate
and
Commercial
Mixed-Use
  
ADC
  
Total
Real
Estate
  
C&I
 
Allowance for loan losses:
                     
Individually evaluated for impairment
 
$
—
  
$
—
  
$
—
  
$
—
  
$
—
  
$
—
  
$
—
 
Collectively evaluated for impairment
  
207
   
11,817
   
3,846
   
980
   
16,850
   
4,267
   
17
 
Total ending allowance balance
 
$
207
  
$
11,817
  
$
3,846
  
$
980
  
$
16,850
  
$
4,267
  
$
17
 
                             
Loans:
                            
Individually evaluated for impairment
 
$
11
  
$
1,099
  
$
4,892
  
$
—
  
$
6,002
  
$
—
  
$
—
 
Collectively evaluated for impairment
  
120,512
   
3,735,401
   
1,274,296
   
77,479
   
5,207,688
   
316,061
   
1,780
 
Total ending loans balance
 
$
120,523
  
$
3,736,500
  
$
1,279,188
  
$
77,479
  
$
5,213,690
  
$
316,061
  
$
1,780
 

  
At December 31, 2018
 
  
Real Estate Loans
       
  
One-to-Four Family
Residential,
Including
Condominium and
Cooperative
Apartment
  
Multifamily
Residential
and
Residential
Mixed-Use
  
Commercial
Real Estate
and
Commercial
Mixed-Use
  
ADC
  
Total
Real
Estate
  
C&I
  
Consumer
Loans
 
Allowance for loan losses:
                     
Individually evaluated for impairment
 
$
—
  
$
—
  
$
—
  
$
—
  
$
—
  
$
230
  
$
—
 
Collectively evaluated for impairment
  
198
   
13,446
   
3,777
   
397
   
17,818
   
3,716
   
18
 
Total ending allowance balance
 
$
198
  
$
13,446
  
$
3,777
  
$
397
  
$
17,818
  
$
3,946
  
$
18
 
                             
Loans:
                            
Individually evaluated for impairment
 
$
14
  
$
551
  
$
5,125
  
$
—
  
$
5,690
  
$
309
  
$
—
 
Collectively evaluated for impairment
  
96,833
   
3,866,237
   
1,164,960
   
29,402
   
5,157,432
   
229,195
   
1,192
 
Total ending loans balance
 
$
96,847
  
$
3,866,788
  
$
1,170,085
  
$
29,402
  
$
5,163,122
  
$
229,504
  
$
1,192
 
Impaired Real Estate Loans
The following table summarizes impaired loans recorded as of the dates indicated:

  
At June 30, 2019
  
At December 31, 2018
 
  
Unpaid
Principal
Balance
  
Recorded
Investment
(1)
  
Related
Allowance
  
Unpaid
Principal
Balance
  
Recorded
Investment
(1)
  
Related
Allowance
 
                   
With no related allowance recorded:
                  
One-to-four family residential, including condominium and cooperative apartment
 
$
11
  
$
11
  
$
—
  
$
14
  
$
14
  
$
—
 
Multifamily residential and residential mixed-use
  
1,099
   
1,099
   
—
   
551
   
551
   
—
 
Commercial real estate and commercial mixed-use
  
4,892
   
4,892
   
—
   
5,125
   
5,125
   
—
 
Total with no related allowance recorded
  
6,002
   
6,002
   
—
   
5,690
   
5,690
   
—
 
                         
With an allowance recorded:
                        
C&I
  
—
   
—
   
—
   
309
   
309
   
230
 
Total with an allowance recorded
  
—
   
—
   
—
   
309
   
309
   
230
 
Total
 
$
6,002
  
$
6,002
  
$
—
  
$
5,999
  
$
5,999
  
$
230
 

(1)
The recorded investment excludes accrued interest receivable and deferred costs due to immateriality.

The following table presents information for impaired loans for the periods indicated:

  
Three Months Ended
June 30, 2019
  
Three Months Ended
June 30, 2018
 
  
Average
Recorded
Investment (1)
  
Interest
Income
Recognized
  
Average
Recorded
Investment (1)
  
Interest
Income
Recognized
 
             
With no related allowance recorded:
            
One-to-four family residential, including condominium and cooperative apartment
 
$
11
  
$
—
  
$
19
  
$
—
 
Multifamily residential and residential mixed-use
  
608
   
9
   
601
   
8
 
Commercial real estate and commercial mixed-use
  
6,789
   
91
   
6,450
   
93
 
Total with no related allowance recorded
  
7,408
   
100
   
7,070
   
101
 
                 
With an allowance recorded:
                
C&I
  
116
   
—
   
589
   
—
 
Total
 
$
7,524
  
$
100
  
$
7,659
  
$
101
 

(1)
The recorded investment excludes accrued interest receivable and deferred costs due to immateriality.

  
Six Months Ended
June 30, 2019
  
Six Months Ended
June 30, 2018
 
  
Average
Recorded
Investment (1)
  
Interest
Income
Recognized
  
Average
Recorded
Investment (1)
  
Interest
Income
Recognized
 
             
With no related allowance recorded:
            
One-to-four family residential, including condominium and cooperative apartment
 
$
12
  
$
—
  
$
20
  
$
—
 
Multifamily residential and residential mixed-use
  
589
   
22
   
607
   
20
 
Commercial real estate and commercial mixed-use
  
6,234
   
189
   
6,821
   
169
 
Total with no related allowance recorded
  
6,835
   
211
   
7,448
   
189
 
                 
With an allowance recorded:
                
C&I
  
181
   
6
   
393
   
—
 
Total
 
$
7,016
  
$
217
  
$
7,841
  
$
189
 

(1)
The recorded investment excludes accrued interest receivable and deferred costs due to immateriality.