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Loans Held for Sale
 12 Months Ended
Dec. 31, 2019
Receivables Held-for-sale [Abstract]  
Loans Held for Sale LOANS HELD FOR SALE
The composition of loans held for sale as of December 31, 2019 and 2018 was as follows:
 December 31,
(amounts in thousands)20192018
Commercial loans:
Multi-family loans, at lower of cost or fair value$482,873  $—  
Total commercial loans held for sale482,873  —  
Consumer loans:
Home equity conversion mortgages, at lower of cost or fair value1,325  —  
Residential mortgage loans, at fair value2,130  1,507  
Total consumer loans held for sale3,455  1,507  
Loans held for sale$486,328  $1,507  
Effective September 30, 2019, Customers Bank transferred $499.8 million of multi-family loans from loans and leases receivable (held for investment) to loans held for sale. Customers Bank transferred these loans at their carrying value, which was lower than the estimated fair value at the time of transfer. At December 31, 2019, the carrying value of these loans approximates their fair value.