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Loans and Leases (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Schedule of Components We report loans held for investment at their amortized cost, which includes the outstanding principal balance adjusted for any unamortized premiums, discounts, deferred fees or fair value adjustments for acquired loans:
March 31, 2025December 31, 2024

AmountPercent of
Loans
Held for
Investment		AmountPercent of
Loans
Held for
Investment
Loans and Leases Held for Investment:
Multi-family$33,437 50.2 %$34,093 49.9 %
Commercial real estate(1)
11,510 17.3 %11,836 17.4 %
One-to-four family first mortgage5,187 7.8 %5,201 7.6 %
Commercial and industrial
12,685 19.1 %13,260 19.4 %
Lease financing, net of unearned income of $162 and $258, respectively
2,057 3.0 %2,116 3.1 %
Other1,716 2.6 %1,766 2.6 %
Total loans and leases held for investment (2)
$66,592 100.0 %$68,272 100.0 %
Allowance for credit losses on loans and leases(1,168)(1,201)
Total loans and leases held for investment, net$65,424 $67,071 
Loans held for sale, at fair value531 899 
Total loans and leases, net$65,955 $67,970 
(1)Includes Acquisition, Development, and Construction loans.
(2)Excludes accrued interest receivable of $264 million and $277 million at March 31, 2025 and December 31, 2024, respectively, which is included in Other assets in the Condensed Consolidated Statements of Condition.
Schedule of Quality of Loans Held for Investment
The following table is a summary of non-accrual loans held for sale:


March 31, 2025December 31, 2024
Non-accrual loans held for sale:
Multi-family
$— $51 
Commercial real estate(1)
— 215 
One-to-four family first mortgage3 57 
Commercial and industrial
18 — 
Total non-accrual loans held for sale
$21 $323 
(1)Includes Acquisition, Development, and Construction loans.
The following table presents information regarding the delinquency status of the Company’s loans held for investment at March 31, 2025:

Loans 30-89 Days Past Due
Non-Accrual Loans
Remaining
Total Loans Receivable
Multi-family$806 $2,361 $30,270 $33,437 
Commercial real estate(1)
85 589 10,836 11,510 
One-to-four family first mortgage28 77 5,082 5,187 
Commercial and industrial(2)
92 231 14,419 14,742 
Other9 22 1,685 1,716 
Total$1,020 $3,280 $62,292 $66,592 
(1)Includes Acquisition, Development, and Construction loans.
(2)Includes lease financing receivables.
The following table presents information regarding the delinquency status of the Company’s loans held for investment at December 31, 2024:


Loans 30-89 Days Past Due
Non-Accrual Loans
Remaining
Total Loans Receivable
Multi-family$749 $1,755 $31,589 $34,093 
Commercial real estate(1)
70 564 11,202 11,836 
One-to-four family first mortgage25 70 5,106 5,201 
Commercial and industrial(2)
110 202 15,064 15,376 
Other11 24 1,731 1,766 
Total$965 $2,615 $64,692 $68,272 
(1)Includes Acquisition, Development, and Construction loans.
(2)Includes lease financing receivables.
Schedule of Loans Held for Investment by Credit Quality Indicator
The following table presents the credit rating by vintage for our loans held for investment as of March 31, 2025:

Term Loans
Revolving
Loans		Revolving
Loans Converted to Term Loans
Amortized Cost Basis by Closing Year

2025
2024
2023
2022
2021
Prior To
2021
Total
Multi-family:
Pass$— $16 $734 $6,553 $5,824 $9,495 $6 $115 $22,743 
Special Mention— — 26 610 626 745 — — 2,007 
Substandard— 2 138 472 972 4,722 4 16 6,326 
Non-accrual
— — — 262 339 1,760 — — 2,361 
Total Multi-family
— 18 898 7,897 7,761 16,722 10 131 33,437 
Year to date gross charge-offs
— — — (8)(15)(57)— — (80)
Commercial Real Estate:(1)
Pass$128 $514 $1,227 $1,843 $1,080 $2,853 $1,313 $151 $9,109 
Special Mention— — 75 133 49 96 76 58 487 
Substandard— 6 48 136 85 743 96 211 1,325 
Non-accrual
— — 40 38 28 479 2 2 589 
Total Commercial Real Estate(1)
128 520 1,390 2,150 1,242 4,171 1,487 422 11,510 
Year to date gross charge-offs
— — — (1)— (1)— — (2)
One-to-Four Family
Pass$86 $340 $453 $2,313 $814 $810 $81 $3 $4,900 
Substandard— 1 3 11 2 193 — — 210 
Non-accrual— 2 6 19 12 36 2 — 77 
Total One-to-Four Family86 343 462 2,343 828 1,039 83 3 5,187 
Year to date gross charge-offs
— — — (1)— — — — (1)
Commercial and Industrial(2)
Pass$448 $1,281 $2,537 $2,096 $739 $1,238 $5,138 $329 $13,806 
Special Mention2 21 35 24 9 4 167 10 272 
Substandard1 17 45 53 50 56 202 9 433 
Non-accrual— 2 26 157 9 23 9 5 231 
Total Commercial and Industrial451 1,321 2,643 2,330 807 1,321 5,516 353 14,742 
Year to date gross charge-offs
(8)— (10)(12)(3)(1)— — (34)
Other Loans
Pass$25 $36 $32 $23 $5 $41 $1,402 $127 $1,691 
Special Mention— — 2 — — — — — 2 
Substandard— — 1 — — — — — 1 
Non-accrual— — — — — 4 14 4 22 
Total Other Loans25 36 35 23 5 45 1,416 131 1,716 
Year to date gross charge-offs
(2)— (1)(2)— (2)— — (7)
(1)Includes Acquisition, Development, and Construction loans.
(2)Includes lease financing receivables.
The following table presents the credit rating by vintage for our loans held for investment as of December 31, 2024:

Term Loans
Revolving
Loans		Revolving
Loans Converted to Term Loans
Amortized Cost Basis by Closing Year

2024
2023
2022
2021
2020
Prior To
2020
Total
Multi-family:
Pass$17 $700 $6,599 $6,070 $5,203 $3,997 $27 $— $22,613 
Special Mention—146886946467951—2,838
Substandard21235298681,5263,8345—6,887
Non-accrual
——1131442741,224——1,755
Total Multi-family
198377,9297,7767,6499,85033—34,093
Year to date gross charge-offs
——(28)(34)(42)(204)——(308)
Commercial Real Estate:(1)
Pass$542 $1,298 $1,753 $1,106 $576 $2,068 $1,597 $367 $9,307 
Special Mention—7213069106138120—635
Substandard23117911016272311761,330
Non-accrual
—37343644476—564
Total Commercial Real Estate(1)
5441,4382,0961,3218483,3761,84037311,836
Year to date gross charge-offs
—(8)(81)(1)(27)(349)——(466)
One-to-Four Family
Pass$250 $521 $2,431 $859 $178 $609 $80 $2 $4,930 
Substandard128216172——201
Non-accrual
—416107285—70
Total One-to-Four Family2515272,4558712018098525,201
Year to date gross charge-offs
——(1)——(7)——(8)
Commercial and Industrial(2)
Pass$1,267 $2,609 $2,014 $651 $450 $759 $5,554 $1,164 $14,468 
Special Mention17291842111196206
Substandard135072727132658500
Non-accrual
3516098152—202
Total Commercial and Industrial1,3002,6932,2647364677985,9401,17815,376
Year to date gross charge-offs
(3)(20)(40)(20)(19)(34)——(136)
Other Loans
Pass$100 $29 $12 $4 $2 $32 $1,441 $121 $1,741 
Special Mention——————1—1
Non-accrual
—————519—24
Total Other Loans100291242371,4611211,766
Year to date gross charge-offs
(2)(4)(4)(1)(1)(8)——(20)
(1)Includes Acquisition, Development, and Construction loans.
(2)Includes lease financing receivables.
Schedule of Collateral
The following table summarizes the recorded investment of the Company’s collateral-dependent loans held for investment by collateral type as of March 31, 2025:


Real Property
Multi-family$2,470 
Commercial real estate(1)
580 
One-to-four family first mortgage73 
Commercial and industrial4 
Total collateral-dependent loans held for investment$3,127 
(1)Includes Acquisition, Development, and Construction loans.
Schedule of Modifications to Borrowers Experiencing Financial Difficulty and Performance of Loans Modified in Last 12 Months, and TDRs
The following table describes the financial effect of the modification made to borrowers experiencing financial difficulty:

Interest Rate ReductionTerm Extension
Weighted-average contractual interest rate
FromToWeighted-average Term (in years)
Three Months Ended March 31, 2025
Commercial real estate(1)
— %— %1.08
One-to-four family first mortgage9.24 %4.24 %1.3
Other
10.74 %— %— 
Three Months Ended March 31, 2024
Multi-family8.13 %6.95 %N/A
Commercial real estate(1)
8.08 %6.00 %N/A
One-to-four family first mortgage4.66 %3.76 %15.3
Commercial and industrial6.78 %6.50 %0.3
Other
11.01 %4.76 %1.8
(1)Includes Acquisition, Development, and Construction loans.

The following table presents the amortized cost basis of the modifications for borrowers experiencing financial difficulty that subsequently defaulted in the first three months of 2025 and were within twelve months of the modification date:


Term ExtensionPrincipal ForgivenessCombination - Interest Rate Reduction and Term/Payment Extension/Delay
Total
Commercial real estate(1)
$4 $— $— $4 
One-to-four family first mortgage
3137
Total$7 $1 $3 $11 
(1)Includes Acquisition, Development, and Construction loans.
The following table provides a summary of loan balances at March 31, 2025, which were modified during the prior twelve months, by class of financing receivable and delinquency status:
March 31, 2025

Current30 - 89 Past Due90+ Past DueTotal
Commercial real estate(1)
$— $— $4 $4 
One-to-four family first mortgage6 — 6 12 
Commercial and industrial——11
Total$6 $— $11 $17 
(1)Includes Acquisition, Development, and Construction loans.

The following table provides a summary of loan balances at March 31, 2024, which were modified during the prior twelve months, by class of financing receivable and delinquency status:

March 31, 2024

Current30 - 89 Past Due90+ Past DueTotal
Multi-family
$8 $— $— $8 
Commercial real estate(1)
2 — — 2 
One-to-four family first mortgage2 — 8 10 
Commercial and industrial122—14
Other
1——1
Total$25 $2 $8 $35 
(1)Includes Acquisition, Development, and Construction loans.