LOANS (Tables)

3 Months Ended

Mar. 31, 2023

LOANS

Summary of Loans

	March 31,		December 31,
(dollars in thousands)	2023		2022
Outstanding principal balance:
Loans secured by real estate:
Residential properties:
Multifamily	$	5,332,815	$	5,341,596
Single family		1,008,657		1,016,498
Total real estate loans secured by residential properties		6,341,472		6,358,094
Commercial properties		1,155,624		1,203,292
Land and construction		166,166		158,565
Total real estate loans		7,663,262		7,719,951
Commercial and industrial loans		2,985,984		2,984,748
Consumer loans		3,862		4,481
Total loans		10,653,108		10,709,180
Premiums, discounts and deferred fees and expenses		16,695		17,013
Total	$	10,669,803	$	10,726,193

Summary of Delinquent and Nonaccrual Loans

The following table summarizes our delinquent and nonaccrual loans as of:

	Past Due and Still Accruing												Total Past
							90 Days						Due and
(dollars in thousands)	30–59 Days			60-89 Days			or More			Nonaccrual			Nonaccrual			Current		Total
March 31, 2023:
Real estate loans:
Residential properties	$	20,272		$	—		$	—		$	2,518		$	22,790		$	6,338,021	$	6,360,811
Commercial properties		5,561			—			217			3,969			9,747			1,144,772		1,154,519
Land and construction		521			6,835			—			—			7,356			157,860		165,216
Commercial and industrial loans		1,200			233			2,227			4,694			8,354			2,977,013		2,985,367
Consumer loans		10			—			—			—			10			3,880		3,890
Total	$	27,564		$	7,068		$	2,444		$	11,181		$	48,257		$	10,621,546	$	10,669,803
Percentage of total loans		0.26	%		0.07	%		0.02	%		0.10	%		0.45	%
December 31, 2022:
Real estate loans:
Residential properties	$	511		$	57		$	—		$	2,556		$	3,124		$	6,374,100	$	6,377,224
Commercial properties		15,000			946			1,213			4,547			21,706			1,180,357		1,202,063
Land and construction		—			—			—			—			—			157,630		157,630
Commercial and industrial loans		385			1,495			982			3,228			6,090			2,978,668		2,984,758
Consumer loans		—			167			—			—			167			4,351		4,518
Total	$	15,896		$	2,665		$	2,195		$	10,331		$	31,087		$	10,695,106	$	10,726,193
Percentage of total loans		0.15	%		0.02	%		0.02	%		0.10	%		0.29	%

Summary of nonaccrual loans

	Nonaccrual		Nonaccrual
	with Allowance		with no Allowance
(dollars in thousands)	for Credit Losses		for Credit Losses
March 31, 2023:
Real estate loans:
Residential properties	$	—	$	2,518
Commercial properties		—		3,969
Commercial and industrial loans		3,672		1,022
Total	$	3,672	$	7,509
December 31, 2022:
Real estate loans:
Residential properties	$	—	$	2,556
Commercial properties		—		4,547
Commercial and industrial loans		2,016		1,212
Total	$	2,016	$	8,315

Composition of TDRs by Accrual and Nonaccrual Status

	December 31, 2022
(dollars in thousands)	Accrual		Nonaccrual		Total
Residential loans	$	—	$	—	$	—
Commercial real estate loans		929		1,066		1,995
Commercial and industrial loans		166		1,412		1,578
Total	$	1,095	$	2,478	$	3,573