On January 1, 2022, the Company adopted CECL (ASC Topic 326), which replaced the historical incurred loss methodology with an expected loss methodology. The loan portfolio segmentation was expanded to seven portfolio segments taking into consideration common loan attributes and risk characteristics, as well as historical reporting metrics and data availability. Disclosures at and for the periods ended December 31, 2021 and March 31, 2021, are presented in accordance with the expanded segmentation adopted in conjunction with CECL, when appropriate. The Company made an accounting policy election to exclude accrued interest receivable from the amortized cost basis of loans receivable. Accrued interest receivable on loans receivable is reported as a component of accrued interest receivable on the Consolidated Statement of Financial Condition, which totaled $23.3 million at March 31, 2022, and is excluded from the estimate of credit losses.

The allowance for credit losses is a valuation account that reflects management’s evaluation of the current expected credit losses in the loan portfolio. The Company maintains the allowance for credit losses through provisions for credit losses that are charged to income. Charge-offs against the allowance for credit losses are taken on loans where management determines that the collection of loan principal and interest is unlikely. Recoveries made on loans that have been charged-off are credited to the allowance for credit losses.

Management estimates the allowance balance using relevant available information, from internal and external sources, related to past events, current conditions, and a reasonable and supportable forecast. Historical credit loss experience for both the Company and peers provides the basis for the estimation of expected credit losses, where observed credit losses are converted to probability of default rate through the use of segment-specific loss given default risk factors that convert default rates to loss severity based on industry-level, observed relationships between the two variables for each segment, primarily due to the nature of the underlying collateral. These risk factors were assessed for reasonableness against the Company’s own loss experience and adjusted in certain cases when the relationship between the Company’s historical default and loss severity deviate from that of the wider industry. The historical probability of default ("PD") curves, together with corresponding economic conditions, establish a quantitative relationship between economic conditions and loan performance through an economic cycle.

Using the historical relationship between economic conditions and loan performance, management’s expectation of future loan performance is incorporated using an externally developed economic forecast. This forecast is applied over a period that management has determined to be reasonable and supportable. Beyond the period over which management can develop or source a reasonable and supportable forecast, the model will revert to long-term average economic conditions using a straight-line, time-based methodology. The Company's current forecast period is six quarters, with a four quarter reversion period to historical average macroeconomic factors.

The allowance for credit losses is measured on a collective (pool) basis, with both a quantitative and qualitative analysis that is applied on a quarterly basis, when similar risk characteristics exist. The respective quantitative allowance for each segment is measured using an economic forecast, discounted cash flow modeling methodology in which distinct, segment-specific multi-variate regression models are applied to an external economic forecast. Under the discounted cash flows methodology, expected credit losses are estimated over the effective life of the loans by measuring the difference between the net present value of modeled cash flows and amortized cost basis. Contractual cash flows over the contractual life of the loans are the basis for modeled cash flows, adjusted for modeled defaults and expected prepayments and discounted at the loan-level effective interest rate. The contractual term excludes expected extensions, renewals, and modifications. After quantitative considerations, management applies additional qualitative adjustments so that the allowance for credit loss is reflective of the estimate of lifetime losses that exist in the loan portfolio at the balance sheet date.

Portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses. Management developed segments for estimating loss based on type of borrower and collateral, which is generally based upon federal call report segmentation. The segments have been combined or sub-segmented as needed to ensure loans of similar risk profiles are appropriately pooled.

Management believes the primary risks inherent in the portfolio are a general decline in the economy, a decline in real estate market values, rising unemployment, and increases in interest rates in the absence of economic improvement. Any one or a combination of these events may adversely affect a borrower's ability to repay its loan, resulting in increased delinquencies and loan losses. Accordingly, the Company has recorded loan losses at a level which is estimated to represent the current risk in its loan portfolio. Management considers it important to maintain the ratio of the allowance for credit losses to total loans at an acceptable level considering the current composition of the loan portfolio.


	March 31,		December 31,
	2022		2021
	(In thousands)
Real estate loans:
One-to-four family	$	2,179,698	$	2,092,317
Multifamily	1,077,938		1,041,108
Commercial real estate	2,183,704		2,170,236
Construction	261,674		295,047
Commercial business loans	466,517		452,232
Consumer loans:
Home equity loans and advances	270,709		276,563
Other consumer loans	1,659		1,428
Total gross loans	6,441,899		6,328,931
Purchased credit-deteriorated ("PCD") loans	6,655		6,791
Net deferred loan costs, fees and purchased premiums and discounts	28,201		24,879
Loans receivable	$	6,476,755	$	6,360,601

The Company had no loans held-for-sale at March 31, 2022 and December 31, 2021. During the three months ended March 31, 2022, the Company sold $1.3 million and $905,000 of SBA loans included in commercial business loans, and construction loans held-for-sale, respectively, resulting in gross gains of $110,000 and no gross losses.

During the three months ended March 31, 2021, the Company sold $1.2 million, $4.1 million, and $6.4 million of one-to-four family real estate loans and home equity loans, commercial real estate loans, and construction loans held-for-sale, respectively, resulting in no gross gains or losses. During the three months ended March 31, 2021, the Company sold $4.2 million of commercial business loans held-for-sale, resulting in gross gains of $435,000 and no gross losses.

The Company has entered into guarantor swaps with Freddie Mac which results in improved liquidity. During the three months ended March 31, 2022, no loans were exchanged for Freddie Mac mortgage participation certificates. During the three months ended March 31, 2021, the Company exchanged $64.0 million of loans for Freddie Mac mortgage participation certificates, resulting in gross gains of $1.7 million and no gross losses. The Company retained the servicing of these loans.


	March 31, 2022
	30-59 Days		60-89 Days		90 Days or More		Total Past Due		Non-accrual		Current		Total
	(In thousands)
Real estate loans:
One-to-four family	$	2,284	$	1,863	$	594	$	4,741	$	1,409	$	2,174,957	$	2,179,698
Multifamily	—		—		—		—		—		1,077,938		1,077,938
Commercial real estate	4,381		—		2,855		7,236		2,855		2,176,468		2,183,704
Construction	—		—		—		—		—		261,674		261,674
Commercial business loans	411		—		175		586		195		465,931		466,517
Consumer loans:
Home equity loans and advances	245		—		136		381		136		270,328		270,709
Other consumer loans	—		14		—		14		—		1,645		1,659
Total loans	$	7,321	$	1,877	$	3,760	$	12,958	$	4,595	$	6,428,941	$	6,441,899


	December 31, 2021
	30-59 Days		60-89 Days		90 Days or More		Total Past Due		Non-accrual		Current		Total
	(In thousands)
Real estate loans:
One-to-four family	$	3,131	$	1,976	$	373	$	5,480	$	1,416	$	2,086,837	$	2,092,317
Multifamily	—		—		—		—		—		1,041,108		1,041,108
Commercial real estate	2,189		—		1,561		3,750		1,561		2,166,486		2,170,236
Construction	—		—		—		—		—		295,047		295,047
Commercial business loans	412		—		203		615		761		451,617		452,232
Consumer loans:
Home equity loans and advances	108		53		81		242		201		276,321		276,563
Other consumer loans	—		4		—		4		—		1,424		1,428
Total loans	$	5,840	$	2,033	$	2,218	$	10,091	$	3,939	$	6,318,840	$	6,328,931

The Company considers a loan to be delinquent when we have not received a payment within 30 days of its contractual due date. Generally, a loan is designated as a non-accrual loan when the payment of interest is 90 days or more in arrears of its contractual due date. Non-accruing loans are returned to accrual status after there has been a sustained period of repayment performance (generally six consecutive months of payments) and both principal and interest are deemed collectible. The Company identifies loans that may need to be charged-off as a loss, by reviewing all delinquent loans, classified loans and other loans that management may have concerns about collectability. At March 31, 2022 and December 31, 2021, non-accrual loans totaled $4.6 million and $3.9 million, respectively. Included in non-accrual loans at March 31, 2022, are five loans totaling $835,000 which are less than 90 days in arrears. At December 31, 2021, 10 loans totaling $1.7 million were less than 90 days in arrears.

At March 31, 2022 and December 31, 2021, there were no loans past due 90 days or more still accruing interest other than COVID-19 related loan forbearance and deferrals. In accordance with the CARES Act, these loans are not included in the aging of loans receivable by portfolio segment in the table above, and the Company continues to accrue interest income during the forbearance or deferral period. If adverse information indicating that the borrower's capability of repaying all amounts due is unlikely, the interest accrual will cease.

Purchased credit impaired loans ("PCI") are loans acquired at a discount primarily due to deteriorated credit quality. These loans are initially recorded at fair value at acquisition, based upon the present value of expected future cash flows, with no related allowance for credit losses. In connection with the adoption of CECL on January 1, 2022, all loans considered PCI loans prior to that date were converted to purchase credit-deteriorated ("PCD") loans. Loans acquired in a business combination after January 1, 2022 will be recorded in accordance with ASC Topic 326, which requires loans as of the acquisition date, that have experienced a more than insignificant deterioration in credit quality since origination will be classified as PCD loans.

At March 31, 2022 and December 31, 2021, PCD loans acquired in the Stewardship Financial Corporation ("Stewardship") acquisition totaled $2.6 million and $2.7 million, respectively, and PCD loans acquired in the Roselle acquisition totaled $185,000 and $184,000, respectively. At both March 31, 2022 and December 31, 2021, PCD loans acquired in the Freehold acquisition totaled $3.9 million.

We may obtain physical possession of real estate collateralizing a residential mortgage loan via foreclosure or through an in-substance repossession. At March 31, 2022 and December 31, 2021, the Company had no real estate owned. At both March 31, 2022 and December 31, 2021, we had one residential mortgage loan with a carrying value of $87,000 collateralized by residential real estate which was in the process of foreclosure.


	March 31, 2022
	One-to-Four Family		Multifamily		Commercial Real Estate		Construction		Commercial Business		Home Equity Loans and Advances		Other Consumer Loans		Total
	(In thousands)
Allowance for credit losses:
Individually evaluated for impairment	$	255	$	5	$	97	$	—	$	11	$	29	$	—	$	397
Collectively evaluated for impairment	8,557		11,198		13,384		4,974		7,117		1,478		8		46,716
Loans acquired with deteriorated credit quality	2		—		32		—		15		—		—		49
Total	$	8,814	$	11,203	$	13,513	$	4,974	$	7,143	$	1,507	$	8	$	47,162

Total loans:
Individually evaluated for impairment	$	4,876	$	741	$	17,014	$	—	$	1,444	$	887	$	—	$	24,962
Collectively evaluated for impairment	2,174,822		1,077,197		2,166,690		261,674		465,073		269,822		1,659		6,416,937
Loans acquired with deteriorated credit quality	423		—		5,399		—		833		—		—		6,655
Total loans	$	2,180,121	$	1,077,938	$	2,189,103	$	261,674	$	467,350	$	270,709	$	1,659	$	6,448,554


	December 31, 2021
	One-to-Four Family		Multifamily		Commercial Real Estate		Construction		Commercial Business		Home Equity Loans and Advances		Other Consumer Loans		Total
	(In thousands)
Allowance for credit losses:
Individually evaluated for impairment	$	258	$	—	$	97	$	—	$	16	$	7	$	—	$	378
Collectively evaluated for impairment	8,540		7,741		16,017		8,943		20,198		866		6		62,311
Loans acquired with deteriorated credit quality	—		—		—		—		—		—		—		—
Total	$	8,798	$	7,741	$	16,114	$	8,943	$	20,214	$	873	$	6	$	62,689

Total loans:
Individually evaluated for impairment	$	5,184	$	762	$	15,830	$	—	$	1,806	$	705	$	—	$	24,287
Collectively evaluated for impairment	2,087,133		1,040,346		2,154,406		295,047		450,426		275,858		1,428		6,304,644
Loans acquired with deteriorated credit quality	431		—		5,426		—		934		—		—		6,791
Total loans	$	2,092,748	$	1,041,108	$	2,175,662	$	295,047	$	453,166	$	276,563	$	1,428	$	6,335,722

Loan modifications to borrowers experiencing financial difficulties that are considered troubled debt restructurings ("TDRs") primarily involve the lowering of the monthly payments on such loans through either a reduction in interest rate below a market rate, an extension of the term of the loan without a corresponding adjustment to the risk premium reflected in the interest rate, or a combination of these two methods. These modifications generally do not result in the forgiveness of principal or accrued interest. In addition, the Company attempts to obtain additional collateral or guarantor support when modifying such loans. Non-accruing restructured loans may be returned to accrual status when there has been a sustained period of repayment performance (generally six consecutive months of payments) and both principal and interest are deemed collectible.

Section 4013 of the CARES Act, “Temporary Relief from Troubled Debt Restructurings,” allows banks to temporarily suspend certain requirements under GAAP related to TDRs for a limited period of time to account for the effects of COVID-19. The Company elected to account for modifications on certain loans under Section 4013 of the CARES Act or, if the loan modification was not eligible under Section 4013, used the criteria in the COVID-19 guidance to determine when the loan modification was not a TDR in accordance with ASC 310-40. Guidance noted that modification or deferral programs mandated by the federal or a state government related to COVID-19 would not be in the scope of ASC 310-40, such as a state program that requires all institutions within that state to suspend mortgage payments for a specified period. These short-term loan modifications were not treated as a troubled debt restructuring during the short-term modification period if the loan was not in arrears at December 31, 2019. Furthermore, based on current evaluations, generally, we have continued the accrual of interest on these loans during the short-term modification period. The Consolidated Appropriations Act, 2021, which was enacted in late December 2020, extended certain provisions of the CARES Act through January 1, 2022, including provisions permitting loan deferral extension requests to not be treated as troubled debt restructurings. Subsequent modifications to these loans will be evaluated for troubled debt restructuring accounting treatment.

The following tables present the number of loans modified as TDRs during the three months ended March 31, 2022 and 2021, along with their balances immediately prior to the modification date and post-modification. Post-modification recorded investment represents the net book balance immediately following modification.


	For the Three Months Ended March 31,
	2022					2021
	No. of Loans	Pre-modification Recorded Investment		Post-modification Recorded Investment		No. of Loans	Pre-modification Recorded Investment		Post-modification Recorded Investment
	(Dollars in thousands)
Troubled Debt Restructurings





Consumer loans:
Home equity loans and advances	1	$	119	$	119	—	$	—	$	—
Total restructured loans	1	$	119	$	119	—	$	—	$	—


	For the Three Months Ended March 31,
	One-to-Four Family		Multifamily		Commercial Real Estate		Construction		Commercial Business		Home Equity Loans and Advances		Other Consumer Loans		Totals
	(In thousands)
2022
Balance at beginning of period	$	8,798	$	7,741	$	16,114	$	8,943	$	20,214	$	873	$	6	$	62,689
Effect of adopting ASU No. 2016-13 ("CECL")	(2,308)		(2,030)		(4,227)		(2,346)		(5,302)		(229)		(1)		(16,443)
Provision for (reversal of) credit losses	2,185		5,492		1,626		(1,623)		(7,767)		886		6		805
Recoveries	139		—		—		—		25		4		—		168
Charge-offs	—		—		—		—		(27)		(27)		(3)		(57)
Balance at end of period	$	8,814	$	11,203	$	13,513	$	4,974	$	7,143	$	1,507	$	8	$	47,162

2021
Balance at beginning of period	$	13,586	$	8,897	$	21,784	$	11,271	$	17,384	$	1,748	$	6	$	74,676
Provision for (reversal of) credit losses	6,477		(1,942)		(4,730)		192		(1,509)		230		2		(1,280)
Recoveries	3		—		6		1		16		11		—		37
Charge-offs	(216)		—		(166)		—		(1,087)		(58)		(2)		(1,529)
Balance at end of period	$	19,850	$	6,955	$	16,894	$	11,464	$	14,804	$	1,931	$	6	$	71,904


	At March 31, 2022
	Recorded Investment		Unpaid Principal Balance		Specific Allowance
	(In thousands)
With no allowance recorded:
Real estate loans:
One-to-four family	$	1,706	$	2,246	$	—
Multifamily	66		70		—
Commercial real estate	15,064		15,753		—

Commercial business loans	163		191		—
Consumer loans:
Home equity loans and advances	270		376		—
	17,269		18,636		—
With a specific allowance recorded:
Real estate loans:
One-to-four family	3,170		3,189		255
Multifamily	675		675		5
Commercial real estate	1,950		1,952		97

Commercial business loans	1,281		1,281		11
Consumer loans:
Home equity loans and advances	617		617		29
	7,693		7,714		397
Total:
Real estate loans:
One-to-four family	4,876		5,435		255
Multifamily	741		745		5
Commercial real estate	17,014		17,705		97

Commercial business loans	1,444		1,472		11
Consumer loans:
Home equity loans and advances	887		993		29
Total loans	$	24,962	$	26,350	$	397


	At December 31, 2021
	Recorded Investment		Unpaid Principal Balance		Specific Allowance
	(In thousands)
With no allowance recorded:
Real estate loans:
One-to-four family	$	1,882	$	2,421	$	—
Multifamily	762		765		—
Commercial real estate	13,861		14,586		—

Commercial business loans	573		573		—
Consumer loans:
Home equity loans and advances	202		308		—
	17,280		18,653		—
With a specific allowance recorded:
Real estate loans:
One-to-four family	3,302		3,321		258

Commercial real estate	1,969		1,971		97

Commercial business loans	1,233		1,233		16
Consumer loans:
Home equity loans and advances	503		503		7
	7,007		7,028		378
Total:
Real estate loans:
One-to-four family	5,184		5,742		258
Multifamily	762		765		—
Commercial real estate	15,830		16,557		97

Commercial business loans	1,806		1,806		16
Consumer loans:
Home equity loans and advances	705		811		7
	$	24,287	$	25,681	$	378

Specific allocations of the allowance for credit losses attributable to impaired loans totaled $397,000 and $378,000 at March 31, 2022 and December 31, 2021, respectively. At both March 31, 2022 and December 31, 2021, impaired loans for which there was no related allowance for credit losses totaled $17.3 million.

The recorded investment in TDRs totaled $21.7 million at March 31, 2022, of which one loan with a balance of $32,000 was 30-59 days past due. The remaining loans modified were current at the time of restructuring and have complied with the terms of their restructure agreement at March 31, 2022. The recorded investment in TDRs totaled $22.4 million at December 31, 2021, of which one loan with a balance of $36,000 was 30-59 days past due. The remaining loans modified were current at the time of restructuring and have complied with the terms of their restructure agreement at December 31, 2021.


	For the Three Months Ended March 31,
	2022				2021
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
	(In thousands)
Real estate loans:
One-to-four family	$	5,030	$	55	$	6,944	$	74
Multifamily	752		11		16,060		173
Commercial real estate	16,423		242		16,603		252

Commercial business loans	1,626		22		2,957		29
Consumer loans:
Home equity loans and advances	796		11		1,611		22
Total loans	$	24,627	$	341	$	44,175	$	550

The Company utilizes an eight-point risk rating system to summarize its loan portfolio into categories with similar risk characteristics. Loans deemed to be “acceptable quality” are rated 1 through 4 (Pass), with a rating of 1 established for loans with minimal risk. Loans that are deemed to be of “questionable quality” are rated 5 (Special Mention) or 6 (Substandard). Loans with adverse classifications are rated 7 (Doubtful) or 8 (Loss). The risk ratings are also confirmed through periodic loan review examinations which are currently performed by both an independent third-party and the Company's credit risk review department. The Company requires an annual review be performed above certain dollar thresholds, depending on loan type, to help determine the appropriate risk ratings. Results from examinations are presented to the Audit Committee of the Board of Directors.


	Loans by Year of Origination at March 31, 2022
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans to Term Loans		Total
	(In thousands)
One-to-Four Family
Pass	$	134,350	$	820,062	$	288,339	$	185,150	$	130,336	$	618,808	$	—	$	—	$	2,177,045
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		507		846		1,300		—		—		2,653


Total One-to-Four Family	134,350		820,062		288,339		185,657		131,182		620,108		—		—		2,179,698

Multifamily
Pass	68,228		306,862		176,040		232,509		49,825		239,916		—		—		1,073,380
Special mention	—		—		—		—		—		4,558		—		—		4,558
Substandard	—		—		—		—		—		—		—		—		—


Total Multifamily	68,228		306,862		176,040		232,509		49,825		244,474		—		—		1,077,938

Commercial Real Estate
Pass	94,039		375,274		158,456		273,193		243,264		963,793		—		—		2,108,019
Special mention	—		—		—		1,077		15,959		30,767		—		—		47,803
Substandard	—		—		1,677		—		1,561		24,644		—		—		27,882


Total Commercial Real Estate	94,039		375,274		160,133		274,270		260,784		1,019,204		—		—		2,183,704

Construction
Pass	25,018		103,661		60,343		26,936		12,370		33,239		—		—		261,567
Special mention	—		—		—		107		—		—		—		—		107
Substandard	—		—		—		—		—		—		—		—		—


Total Construction	25,018		103,661		60,343		27,043		12,370		33,239		—		—		261,674


	Loans by Year of Origination at March 31, 2022
	2022		2021		2020		2019		2018		Prior		Revolving Loans		Revolving Loans to Term Loans		Total
	(In thousands)
Commercial Business
Pass	11,417		61,122		34,612		24,236		28,606		44,945		246,199		—		451,137
Special mention	—		235		—		1,412		1,181		44		2,806		—		5,678
Substandard	—		171		68		321		2,787		570		5,785		—		9,702


Total Commercial Business	11,417		61,528		34,680		25,969		32,574		45,559		254,790		—		466,517

Home Equity Loans and Advances
Pass	7,473		22,217		15,097		14,303		12,162		103,868		94,865		457		270,442
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		177		90		—		267


Total Home Equity Loans and Advances	7,473		22,217		15,097		14,303		12,162		104,045		94,955		457		270,709

Other Consumer Loans
Pass	877		116		54		229		49		10		324		—		1,659
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—


Total Other Consumer Loans	877		116		54		229		49		10		324		—		1,659

Total Loans	$	341,402	$	1,689,720	$	734,686	$	759,980	$	498,946	$	2,066,639	$	350,069	$	457	$	6,441,899


	Loans by Year of Origination at December 31, 2021
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans to Term Loans		Total
	(In thousands)
One-to-Four Family
Pass	$	793,848	$	298,815	$	196,244	$	138,215	$	134,811	$	525,615	$	—	$	—	$	2,087,548
Special mention	—		—		—		—		—		203		—		—		203
Substandard	—		—		1,463		1,420		360		1,323		—		—		4,566


Total One-to-Four family	793,848		298,815		197,707		139,635		135,171		527,141		—		—		2,092,317

Multifamily
Pass	312,738		181,285		231,252		47,024		131,169		137,640		—		—		1,041,108
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—


Total Multifamily	312,738		181,285		231,252		47,024		131,169		137,640		—		—		1,041,108

Commercial Real Estate
Pass	381,222		161,136		278,581		241,669		222,752		803,945		—		—		2,089,305
Special mention	—		—		1,303		16,070		1,885		34,788		—		—		54,046
Substandard	—		386		—		1,561		1,276		23,662		—		—		26,885


Total Commercial Real Estate	381,222		161,522		279,884		259,300		225,913		862,395		—		—		2,170,236

Construction
Pass	107,070		77,549		37,498		41,591		28,814		2,418		—		—		294,940
Special mention	—		—		107		—		—		—		—		—		107
Substandard	—		—		—		—		—		—		—		—		—


Total Construction	107,070		77,549		37,605		41,591		28,814		2,418		—		—		295,047


	Loans by Year of Origination at December 31, 2021
	2021		2020		2019		2018		2017		Prior		Revolving Loans		Revolving Loans to Term Loans		Total
	(In thousands)
Commercial Business
Pass	84,113		36,115		25,156		30,670		21,762		26,515		210,597		—		434,928
Special mention	246		15		1,729		1,369		18		46		3,291		—		6,714
Substandard	192		71		352		1,084		371		609		7,911		—		10,590


Total Commercial Business	84,551		36,201		27,237		33,123		22,151		27,170		221,799		—		452,232

Home Equity Loans and Advances
Pass	22,393		15,977		15,906		13,146		12,023		100,870		95,484		426		276,225
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		246		92		—		338


Total Home Equity Loans and Advances	22,393		15,977		15,906		13,146		12,023		101,116		95,576		426		276,563

Other Consumer Loans
Pass	659		58		284		60		9		5		353		—		1,428
Special mention	—		—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—		—


Total Other Consumer Loans	659		58		284		60		9		5		353		—		1,428

Total Loans	$	1,702,481	$	771,407	$	789,875	$	533,879	$	555,250	$	1,657,885	$	317,728	$	426	$	6,328,931

The Company is required to include unfunded commitments that are expected to be funded in the future within the allowance calculation, other than those that are unconditionally cancellable. To arrive at that reserve, the reserve percentage for each applicable segment is applied to the unused portion of the expected commitment balance and is multiplied by the expected funding rate. To determine the expected funding rate, the Company uses a historical utilization rate for each segment. The allowance for credit losses on off balance sheet exposures is reported in other liabilities in the Consolidated Statements of Financial Condition. The liability represents an estimate of expected credit losses arising from off balance sheet exposures such as unfunded commitments. At March 31, 2022, the balance of the allowance for credit loss on unfunded commitments, included in other liabilities, totaled $8.8 million. The Company recorded a provision for credit losses on unfunded commitments, included in other non-interest expense in the Consolidated Statements of Income, of $648,000 during the three months ended March 31, 2022.