
($ in thousands)	June 30, 2020		December 31, 2019

Commercial:
Commercial and industrial	$	1,436,990	$	1,691,270
Commercial real estate	822,694		818,817
Multifamily	1,434,071		1,494,528
SBA⁽¹⁾	310,784		70,981
Construction	212,979		231,350

Consumer:
Single family residential mortgage	1,370,785		1,590,774


Other consumer	39,393		54,165
Total loans⁽²⁾	$	5,627,696	$	5,951,885

Allowance for loan losses	(90,370)		(57,649)
Loans receivable, net	$	5,537,326	$	5,894,236

We categorize loans into risk categories based on relevant information about the ability of borrowers to repay their debt such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. We perform a historical loss analysis that is combined with a comprehensive loan to value analysis to analyze the associated risks in the current loan portfolio. We analyze loans individually and grade each loan for credit risk. This analysis includes all loans delinquent over 60 days and non-homogeneous loans such as commercial and commercial real estate loans. We use the following definitions for credit risk ratings:

Substandard: Loans risk rated as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so risk rated have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected.


	Term Loans Amortized Cost Basis by Origination Year
($ in thousands)	2020		2019		2018		2017		2016		Prior		Revolving Loans Amortized Cost Basis		Revolving Loans Amortized Cost Basis Converted to Term		Total
June 30, 2020
















Commercial:
Commercial and industrial
Pass	$	59,122	$	111,437	$	104,299	$	63,923	$	41,163	$	111,761	$	851,369	$	4,252	$	1,347,326
Special mention	—		6,382		5,988		—		—		1,379		812		189		14,750
Substandard	2,117		16,658		—		4,864		20,677		9,632		10,752		10,214		74,914
Doubtful	—		—		—		—		—		—		—		—		—
Commercial and industrial	61,239		134,477		110,287		68,787		61,840		122,772		862,933		14,655		1,436,990
Commercial real estate
Pass	15,261		153,017		215,385		72,949		102,465		198,242		36,628		1,586		795,533
Special mention	—		1,829		9,570		—		—		6,732		—		—		18,131
Substandard	—		—		—		—		—		9,030		—		—		9,030
Doubtful	—		—		—		—		—		—		—		—		—
Commercial real estate	15,261		154,846		224,955		72,949		102,465		214,004		36,628		1,586		822,694
Multifamily
Pass	84,873		421,045		334,029		272,657		131,646		187,823		—		—		1,432,073
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		1,998		—		—		1,998
Doubtful	—		—		—		—		—		—		—		—		—
Multifamily	84,873		421,045		334,029		272,657		131,646		189,821		—		—		1,434,071
SBA
Pass	241,305		16,021		1,359		5,195		14,975		19,479		3,238		797		302,369
Special mention	—		—		—		226		417		948		—		6		1,597
Substandard	—		—		—		1,009		1,513		1,440		320		1,126		5,408
Doubtful	—		—		390		—		—		633		—		387		1,410
SBA	241,305		16,021		1,749		6,430		16,905		22,500		3,558		2,316		310,784
Construction
Pass	14,139		33,423		63,217		86,787		—		—		—		—		197,566
Special mention	—		—		10,526		—		4,887		—		—		—		15,413
Substandard	—		—		—		—		—		—		—		—		—


Doubtful	—		—		—		—		—		—		—		—		—
Construction	14,139		33,423		73,743		86,787		4,887		—		—		—		212,979
Consumer:
Single family residential mortgage
Pass	31,007		166,668		329,175		204,392		297,182		281,160		20,844		—		1,330,428
Special mention	—		—		1,152		668		4,416		3,503		—		—		9,739
Substandard	—		1,064		1,697		3,414		3,900		20,543		—		—		30,618
Doubtful	—		—		—		—		—		—		—		—		—
Single family residential mortgage	31,007		167,732		332,024		208,474		305,498		305,206		20,844		—		1,370,785
Other consumer
Pass	26		93		72		—		8		2,485		31,303		2,577		36,564
Special mention	—		—		27		—		—		33		248		147		455
Substandard	—		—		—		—		—		2,016		281		77		2,374
Doubtful	—		—		—		—		—		—		—		—		—
Other consumer	26		93		99		—		8		4,534		31,832		2,801		39,393


Total loans	$	447,850	$	927,637	$	1,076,886	$	716,084	$	623,249	$	858,837	$	955,795	$	21,358	$	5,627,696


($ in thousands)	Pass		Special Mention		Substandard		Doubtful		Total






























December 31, 2019







Commercial:
Commercial and industrial	1,580,269		45,323		65,678		—		1,691,270
Commercial real estate	813,846		2,532		2,439		—		818,817
Multifamily	1,484,931		4,256		5,341		—		1,494,528
SBA	60,982		2,760		5,621		1,618		70,981
Construction	229,771		1,579		—		—		231,350

Consumer:
Single family residential mortgage	1,559,253		10,735		20,269		517		1,590,774
Other consumer	53,331		346		488		—		54,165










Total	$	5,782,383	$	67,531	$	99,836	$	2,135	$	5,951,885


($ in thousands)	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater than 89 Days Past due		Total Past Due		Current		Total
June 30, 2020
Non-Traditional Mortgage (NTM) loans:
Single family residential mortgage	$	9,262	$	647	$	18,552	$	28,461	$	481,144	$	509,605


Other consumer	—		—		—		—		1,598		1,598
Total NTM loans	9,262		647		18,552		28,461		482,742		511,203
Traditional loans:
Commercial:
Commercial and industrial	891		28		13,072		13,991		1,422,999		1,436,990
Commercial real estate	—		1,464		2,189		3,653		819,041		822,694
Multifamily	664		—		—		664		1,433,407		1,434,071
SBA	1,517		—		2,627		4,144		306,640		310,784
Construction	—		—		—		—		212,979		212,979

Consumer:
Single family residential mortgage	29,281		4,286		8,252		41,819		819,361		861,180
Other consumer	285		1,485		692		2,462		35,333		37,795
Total traditional loans	32,638		7,263		26,832		66,733		5,049,760		5,116,493









Total	$	41,900	$	7,910	$	45,384	$	95,194	$	5,532,502	$	5,627,696

December 31, 2019
NTM loans:
Single family residential mortgage	$	3,973	$	3,535	$	13,019	$	20,527	$	577,830	$	598,357


Other consumer	—		—		—		—		2,299		2,299
Total NTM loans	3,973		3,535		13,019		20,527		580,129		600,656
Traditional loans:
Commercial:
Commercial and industrial	780		5,670		3,862		10,312		1,680,958		1,691,270
Commercial real estate	—		—		—		—		818,817		818,817
Multifamily	—		—		—		—		1,494,528		1,494,528
SBA	586		842		2,152		3,580		67,401		70,981
Construction	—		—		—		—		231,350		231,350

Consumer:
Single family residential mortgage	13,752		3,496		5,606		22,854		969,563		992,417
Other consumer	199		40		95		334		51,532		51,866
Total traditional loans	15,317		10,048		11,715		37,080		5,314,149		5,351,229









Total	$	19,290	$	13,583	$	24,734	$	57,607	$	5,894,278	$	5,951,885


	June 30, 2020														December 31, 2019
($ in thousands)	NTM Loans		Traditional Loans		Total Non-accrual Loans		Non-accrual Loans with no ACL		NTM Loans		Traditional Loans		Total Non-accrual Loans		Non-accrual Loans with no ACL
Non-accrual loans
Commercial:
Commercial and industrial	$	—	$	30,398	$	30,398	$	10,728	$	—	$	19,114	$	19,114	$	337
Commercial real estate	—		6,633		6,633		6,632		—		—		—		—

SBA	—		5,026		5,026		1,485		—		5,230		5,230		1,474
Construction	—		—		—		—		—		—		—		—

Consumer:
Single family residential mortgage	19,199		9,271		28,470		28,470		13,019		5,606		18,625		14,373


Other consumer	—		2,176		2,176		2,177		—		385		385		380
Total non-accrual loans	$	19,199	$	53,504	$	72,703	$	49,492	$	13,019	$	30,335	$	43,354	$	16,564

Our ACL is comprised of our allowance for loan losses (“ALL”) and reserve for unfunded loan commitments. Our ACL methodology and resulting provision continues to be impacted by the current economic uncertainty and volatility caused by the COVID-19 pandemic. Our ACL methodology uses a nationally recognized, third-party model that includes many assumptions based on our historical and peer loss data, our current loan portfolio risk profile including risk ratings, and economic forecasts including macroeconomic variables (“MEVs”). As of June 30, 2020, we used economic forecasts released by our model provider during June 2020. Similar to the late March 2020 forecasts, these June 2020 forecasts reflect the onset of the pandemic, its impact on MEVs and the future economic recovery. These forecasts published by our model provider have deteriorated since the end of the first quarter of 2020, with June baseline unemployment rate forecasts for 2020 and 2021 increasing and real gross domestic product growth rates decreasing. Similar to our methodology used in the first quarter of 2020, we incorporated qualitative factors to account for certain loan portfolio characteristics that are not taken into consideration by our third-party model, including underlying strengths and weaknesses in the loan portfolio. As is the case with all estimates, we expect the ACL to be impacted in future periods by economic volatility, changing economic forecasts, actual and projected credit experience, and underlying model assumptions; all of which may be better than or worse than our current estimate.

The ACL process involves subjective and complex judgments as well as adjustments for numerous factors including those described in the federal banking agencies' joint interagency policy statement on ALL, which include underwriting experience and collateral value changes, among others. We evaluate all impaired loans individually using guidance from ASC 310 primarily through the evaluation of cash flows or collateral values.

We have established credit risk management processes that include regular management review of the loan portfolio to identify problem loans. During the ordinary course of business, management may become aware of borrowers who may not be able to fulfill their contractual payment requirements within the loan agreements. Such loans are subject to increased monitoring. Consideration is given to placing these loans on non-accrual status, assessing the need for additional allowance for loan loss, and partially or fully charging off the principal balance. We maintain the allowance for loan losses at a level that is considered adequate to cover the expected credit losses in the loan portfolio.

The reserve for unfunded loan commitments is established to cover the expected credit losses for the estimated level of funding of these loan commitments, except for unconditionally cancellable commitments for which no reserve is required under ASC 326. At June 30, 2020 and December 31, 2019, the reserve for unfunded loan commitments was $4.2 million and $4.1 million, respectively, and was included in accrued expenses and other liabilities on the consolidated statements of financial condition.

The credit risk monitoring system is designed to identify impaired and potential problem loans, perform periodic evaluation of impairment, and determine the adequacy of the allowance for credit losses in a timely manner. In addition, management has adopted a credit policy that includes a credit review and control system that it believes should be effective in ensuring that we maintain an adequate allowance for credit losses. Further, the Board of Directors provides oversight and guidance for management’s allowance evaluation process.


	Three Months Ended June 30,
($ in thousands)	2020										2019
	Allowance for Loan Losses		Reserve for Unfunded Loan Commitments		Allowance for Credit Losses		Allowance for Loan Losses		Reserve for Unfunded Loan Commitments		Allowance for Credit Losses
Balance at beginning of period	$	78,243	$	3,888	$	82,131	$	63,885	$	4,208	$	68,093

Loans charged off	—		—		—		(2,451)		—		(2,451)
Recoveries of loans previously charged off	608		—		608		76		—		76
Net charge-offs	608		—		608		(2,375)		—		(2,375)

Provision for (reversal of) credit losses	11,519		307		11,826		(1,987)		87		(1,900)
Balance at end of period	$	90,370	$	4,195	$	94,565	$	59,523	$	4,295	$	63,818


	Six Months Ended June 30,
($ in thousands)	2020										2019
	Allowance for Loan Losses		Reserve for Unfunded Loan Commitments		Allowance for Credit Losses		Allowance for Loan Losses		Reserve for Unfunded Loan Commitments		Allowance for Credit Losses
Balance at beginning of period	$	57,649	$	4,064	$	61,713	$	62,192	$	4,622	$	66,814
Impact of adopting ASU 2016-13	7,609		(1,226)		6,383		—		—		—
Loans charged off	(2,076)		—		(2,076)		(3,514)		—		(3,514)
Recoveries of loans previously charged off	958		—		958		320		—		320
Net charge-offs	(1,118)		—		(1,118)		(3,194)		—		(3,194)

Provision for (reversal of) credit losses	26,230		1,357		27,587		525		(327)		198
Balance at end of period	$	90,370	$	4,195	$	94,565	$	59,523	$	4,295	$	63,818


($ in thousands)	Commercial and Industrial		Commercial Real Estate		Multifamily		SBA		Construction		Single Family Residential Mortgage		Other Consumer		Total
ALL:
Balance at March 31, 2020	$	23,573	$	13,620	$	20,072	$	3,652	$	7,052	$	9,593	$	681	$	78,243

Charge-offs	—		—		—		—		—		—		—		—
Recoveries	119		—		—		—		—		488		1		608
Net recoveries (charge-offs)	119		—		—		—		—		488		1		608

Provision for (reversal of) credit losses	2,926		3,752		5,033		532		(377)		(416)		69		11,519
Balance at June 30, 2020	$	26,618	$	17,372	$	25,105	$	4,184	$	6,675	$	9,665	$	751	$	90,370

Balance at December 31, 2019	$	22,353	$	5,941	$	11,405	$	3,120	$	3,906	$	10,486	$	438	$	57,649
Impact of adopting ASC 326	662		4,847		1,809		388		103		(420)		220		7,609
Charge-offs	(1,164)		—		—		(356)		—		(552)		(4)		(2,076)
Recoveries	149		—		—		121		—		639		49		958
Net (charge-offs) recoveries	(1,015)		—		—		(235)		—		87		45		(1,118)

Provision (reversal)	4,618		6,584		11,891		911		2,666		(488)		48		26,230
Balance at June 30, 2020	$	26,618	$	17,372	$	25,105	$	4,184	$	6,675	$	9,665	$	751	$	90,370

Individually evaluated for impairment	$	9,697	$	—	$	—	$	2,878	$	—	$	—	$	—	$	12,575
Collectively evaluated for impairment	16,921		17,372		25,105		1,306		6,675		9,665		751		77,795

Total ending ALL balance	$	26,618	$	17,372	$	25,105	$	4,184	$	6,675	$	9,665	$	751	$	90,370
Loans:
Individually evaluated for impairment	$	31,129	$	5,168	$	—	$	4,959	$	—	$	32,999	$	970	$	75,225
Collectively evaluated for impairment	1,405,861		817,526		1,434,071		305,825		212,979		1,337,786		38,423		5,552,471

Total ending loan balances	$	1,436,990	$	822,694	$	1,434,071	$	310,784	$	212,979	$	1,370,785	$	39,393	$	5,627,696


($ in thousands)	Commercial and Industrial		Commercial Real Estate		Multifamily		SBA		Construction		Lease Financing		Single Family Residential Mortgage		Other Consumer		Total
ALL:
Balance at March 31, 2019	$	18,893	$	6,838	$	18,898	$	3,057	$	3,453	$	—	$	12,142	$	604	$	63,885
Charge-offs	(2,022)		—		(6)		8		—		—		(425)		(6)		(2,451)
Recoveries	11		—		—		60		—		3		—		2		76
Net (charge-offs) recoveries	(2,011)		—		(6)		68		—		3		(425)		(4)		(2,375)

Provision for (reversal of) credit losses	4,647		39		(6,267)		(5)		262		(3)		(645)		(15)		(1,987)
Balance at June 30, 2019	$	21,529	$	6,877	$	12,625	$	3,120	$	3,715	$	—	$	11,072	$	585	$	59,523

Balance at December 31, 2018	$	18,191	$	6,674	$	17,970	$	1,827	$	3,461	$	—	$	13,128	$	941	$	62,192
Charge-offs	(2,115)		—		(6)		(348)		—		—		(951)		(94)		(3,514)
Recoveries	44		—		—		101		—		6		150		19		320
Net (charge-offs) recoveries	(2,071)		—		(6)		(247)		—		6		(801)		(75)		(3,194)

Provision (reversal)	5,409		203		(5,339)		1,540		254		(6)		(1,255)		(281)		525
Balance at June 30, 2019	$	21,529	$	6,877	$	12,625	$	3,120	$	3,715	$	—	$	11,072	$	585	$	59,523

Individually evaluated for impairment	$	1,239	$	—	$	—	$	1,563	$	—	$	—	$	—	$	22	$	2,824
Collectively evaluated for impairment	20,290		6,877		12,625		1,557		3,715		—		11,072		563		56,699

Total ending ALL balance	$	21,529	$	6,877	$	12,625	$	3,120	$	3,715	$	—	$	11,072	$	585	$	59,523
Loans:
Individually evaluated for impairment	$	20,429	$	—	$	—	$	3,262	$	2,519	$	—	$	21,021	$	1,169	$	48,400
Collectively evaluated for impairment	1,931,278		856,497		1,598,978		77,667		206,510		—		1,940,044		60,196		6,671,170

Total ending loan balances	$	1,951,707	$	856,497	$	1,598,978	$	80,929	$	209,029	$	—	$	1,961,065	$	61,365	$	6,719,570


	June 30, 2020										December 31, 2019
($ in thousands)	Unpaid Principal Balance		Recorded Investment		Allowance for Loan Losses		Unpaid Principal Balance		Recorded Investment		Allowance for Loan Losses
With no related ALL recorded:
Commercial:
Commercial and industrial	$	11,455	$	11,383	$	—	$	1,471	$	1,460	$	—
Commercial real estate	5,418		5,168		—		—		—		—

SBA	1,474		1,417		—		1,439		1,379		—


Consumer:
Single family residential mortgage	32,849		32,999		—		19,319		19,405		—
Other consumer	1,431		970		—		671		675		—
With an ALL recorded:
Commercial:
Commercial and industrial	19,739		19,746		9,697		18,776		18,776		3,367


SBA	3,731		3,542		2,878		3,921		3,757		2,045

Consumer:
Single family residential mortgage	—		—		—		4,213		4,252		574
Other consumer	—		—		—		4		4		4
Total	$	76,097	$	75,225	$	12,575	$	49,814	$	49,708	$	5,990



	Three Months Ended										Six Months Ended
($ in thousands)	Average Recorded Investment		Interest Income Recognized		Cash Basis Interest Recognized		Average Recorded Investment		Interest Income Recognized		Cash Basis Interest Recognized
June 30, 2020
Commercial:
Commercial and industrial	$	29,992	$	16	$	18	$	26,452	$	37	$	39
Commercial real estate	5,210		—		—		3,992		—		—

SBA	5,172		3		4		5,293		6		7


Consumer:
Single family residential mortgage	33,356		56		34		31,420		110		79
Other consumer	2,084		—		—		1,351		3		3
Total	$	75,814	$	75	$	56	$	68,508	$	156	$	128

June 30, 2019
Commercial:
Commercial and industrial	$	20,794	$	255	$	254	$	12,921	$	255	$	254
Commercial real estate	—		—		—		289		—		—

SBA	3,297		4		4		3,571		8		8
Construction	2,519		—		—		2,519		—		—

Consumer:
Single family residential mortgage	21,092		58		48		20,208		116		97
Other consumer	1,177		4		3		1,011		7		6
Total	$	48,879	$	321	$	309	$	40,519	$	386	$	365

A modification of a loan constitutes a TDR when we, for economic or legal reasons related to a borrower’s financial difficulties, grant a concession to the borrower that we would not otherwise consider. A concession or concessions may be granted in various forms, including a below-market change in the stated interest rate, a reduction in the loan balance or accrued interest, an extension of the maturity date, or a note split with principal forgiveness. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under our internal underwriting policy.


	June 30, 2020										December 31, 2019
($ in thousands)	NTM Loans		Traditional Loans		Total		NTM Loans		Traditional Loans		Total
Commercial:
Commercial and industrial	$	—	$	20,808	$	20,808	$	—	$	16,245	$	16,245
SBA	—		266		266		—		266		266
Consumer:
Single family residential mortgage	2,628		2,170		4,798		2,638		2,394		5,032


Other consumer	—		—		—		294		—		294
Total	$	2,628	$	23,244	$	25,872	$	2,932	$	18,905	$	21,837

We had commitments to lend to customers with outstanding loans that were classified as TDRs of $135 thousand as of June 30, 2020 and December 31, 2019. Accruing TDRs were $5.6 million and non-accrual TDRs were $20.3 million at June 30, 2020 compared to accruing TDRs of $6.6 million and non-accrual TDRs of $15.2 million at December 31, 2019. The increase in TDRs during the six months ended June 30, 2020 was primarily due to one commercial and industrial relationship.



	Three Months Ended								Six Months Ended
($ in thousands)	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
June 30, 2020
Commercial:
Commercial and industrial	—	$	—	$	—	1	$	5,000	$	5,000




Total	—	—		—		1	$	5,000	$	5,000
June 30, 2019
Commercial:
Commercial and industrial	10	$	17,339	$	17,020	10	$	17,339	$	17,020
SBA	2	$	3,214	$	869	2	$	3,214	$	869



Total	12	$	20,553	$	17,889	12	$	20,553	$	17,889

We consider a TDR to be in payment default once it becomes 30 days or more past due following a modification. During each of the three and six months ended June 30, 2020, there was one loan that was modified as a TDR during the past 12 months that had subsequent payment defaults. During each of the three and six months ended June 30, 2019, there were no loans that were modified as TDRs during the past 12 months that had subsequent payment defaults.


	Three Months Ended
	Modification Type
	Change in Principal Payments and Interest Rates				Change in Principal Payments					Total
($ in thousands)	Count	Amount		Count	Amount		Count	Amount
June 30, 2020
Commercial:
Commercial and industrial	—	$	—	—	$	—	—	$	—




Total	—	$	—	—	$	—	—	$	—

June 30, 2019
Commercial:
Commercial and industrial	10	$	17,020	—	$	—	10	$	17,020
SBA	2	$	869	—	$	—	2	$	869



Total	12	$	17,889	—	$	—	12	$	17,889


	Six Months Ended
	Modification Type
	Change in Principal Payments and Interest Rates				Change in Principal Payments					Total
($ in thousands)	Count	Amount		Count	Amount		Count	Amount
June 30, 2020
Commercial:
Commercial and industrial	1	$	5,000	—	$	—	1	$	5,000



Total	1	$	5,000	—	$	—	1	$	5,000

June 30, 2019
Commercial:
Commercial and industrial	10	$	17,020	—	$	—	10	$	17,020
SBA	2	869		—	—		2	869
Consumer:
Single family residential mortgage	—	—		—	—		—	—
Total	12	$	17,889	—	$	—	12	$	17,889

From time to time, we purchase and sell loans in the secondary market. Certain loans are transferred from held-for-investment to held-for-sale at the lower of cost or fair value and any reductions in value on transfer are reflected as write-downs to allowance for credit losses. During the three and six months ended June 30, 2020 we purchased $25.8 million of single family residential mortgage loans. There were no purchases of loans during the three and six months ended June 30, 2019. The following table presents loans transferred from (to) loans held-for-sale by portfolio segment for the periods indicated:


	Three Months Ended						Six Months Ended
($ in thousands)	Transfers from Held-For-Sale		Transfers (to) Held-For-Sale		Transfers from Held-For-Sale		Transfers (to) Held-For-Sale
June 30, 2020










Total	$	—	$	—	$	—	$	—

June 30, 2019
Commercial:

Commercial real estate	$	—	$	(573)	$	—	$	(573)
Multifamily	—		(752,087)		—		(752,087)



Consumer:
Single family residential mortgage	—		(131,315)		—		(374,679)

Total	$	—	$	(883,975)	$	—	$	(1,127,339)

Our NTM portfolio is comprised of three interest only products: Green Loans, Interest Only loans and a small number of additional loans with the potential for negative amortization. The initial credit guidelines for the NTM portfolio were established based on the borrower's Fair Isaac Corporation (“FICO”) score, LTV ratio, property type, occupancy type, loan amount, and geography. Additionally, from an ongoing credit risk management perspective, we have determined that the most significant performance indicators for NTMs are LTV ratios and FICO scores. We review the NTM loan portfolio periodically by refreshing FICO scores on the Green Loans and HELOCs and ordering third party automated valuation models (AVMs) to confirm collateral values. We no longer originate NTM loans.


	June 30, 2020										December 31, 2019
($ in thousands)	Count	Amount			Percent		Count	Amount			Percent
Consumer:
Single family residential mortgage:
Green Loans (HELOC) - first liens	61	$	43,604		8.5	%	69	$	49,959		8.3	%
Interest-only - first liens	329	463,666			90.7	%	376	545,371			90.8	%
Negative amortization	8	2,335			0.5	%	9	3,027			0.5	%
Total NTM - first liens	398	509,605			99.7	%	454	598,357			99.6	%
Other consumer:
Green Loans (HELOC) - second liens	5	1,598			0.3	%	7	2,299			0.4	%

Total NTM - second liens	5	1,598			0.3	%	7	2,299			0.4	%
Total NTM loans	403	$	511,203		100.0	%	461	$	600,656		100.0	%
Total loans receivable		$	5,627,696					$	5,951,885
% of total NTM loans to total loans receivable		9.1		%				10.1		%