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Loans and Leases (Tables)
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Schedule of Components
The composition of our loan portfolio for the periods indicated was as follows:

June 30, 2025December 31, 2024

AmountPercent of
Loans
Held for
Investment		AmountPercent of
Loans
Held for
Investment
Loans and leases held for investment:
Multi-family$31,932 49.8 %$34,093 49.9 %
Commercial real estate(1)
10,636 16.6 %11,836 17.4 %
One-to-four family first mortgage5,445 8.5 %5,201 7.6 %
Commercial and industrial(2)
14,426 22.5 %15,376 22.5 %
Other1,682 2.6 %1,766 2.6 %
Total loans and leases held for investment (3)(4)
$64,121 100.0 %$68,272 100.0 %
Allowance for credit losses on loans and leases(1,106)(1,201)
Total loans and leases held for investment, net$63,015 $67,071 
Loans held for sale, at fair value319 899 
Total loans and leases, net$63,334 $67,970 
(1)Includes ADC loans.
(2)Includes lease financing receivables (net of unearned income of $150 million and $169 million) of $1.9 billion and $2.1 billion, respectively.
(3)Excludes accrued interest receivable of $261 million and $277 million at June 30, 2025 and December 31, 2024, respectively, which is included in Other assets in the Condensed Consolidated Statements of Condition.
(4)We pledged loans of $34.4 billion and $44.6 billion between the FHLB and FRB-NY to serve as collateral for our wholesale borrowings at June 30, 2025 and December 31, 2024, respectively.
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 June 30, 2025:


Real Property
Multi-family$2,422 
Commercial real estate(1)
514 
One-to-four family first mortgage76 
Commercial and industrial13 
Total collateral-dependent loans held for investment$3,025 
(1)Includes ADC loans.
Schedule of Quality of Loans Held for Investment
The following table presents information regarding the delinquency status of the Company’s loans held for investment at June 30, 2025:

Current
Loans 30-89 Days Past Due
Non-Accrual Loans
Total Loans Receivable(3)
Multi-family$29,152 $392 $2,388 $31,932 
Commercial real estate(1)
9,958 115 563 10,636 
One-to-four family first mortgage5,334 30 81 5,445 
Commercial and industrial(2)
14,265 38 123 14,426 
Other1,628 29 25 1,682 
Total$60,337 $604 $3,180 $64,121 
(1)Includes ADC loans.
(2)Includes lease financing receivables.
(3)Excludes loans with repurchased government guarantees that are insured by U.S. government agencies
The following table presents information regarding the delinquency status of the Company’s loans held for investment at December 31, 2024:


Current
Loans 30-89 Days Past Due
Non-Accrual Loans
Total Loans Receivable(3)
Multi-family$31,589 $749 $1,755 $34,093 
Commercial real estate(1)
11,202 70 564 11,836 
One-to-four family first mortgage5,106 25 70 5,201 
Commercial and industrial(2)
15,064 110 202 15,376 
Other1,731 11 24 1,766 
Total$64,692 $965 $2,615 $68,272 
(1)Includes ADC loans.
(2)Includes lease financing receivables.
(3)Excludes loans with repurchased government guarantees that are insured by U.S. government agencies.
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 June 30, 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 $680 $6,702 $5,773 $9,138 $6 $115 $22,430 
Special Mention— — 24 382 581 568 — — 1,555 
Substandard— 2 148 460 960 3,969 4 16 5,559 
Non-accrual
— — — 271 325 1,792 — — 2,388 
Total Multi-family
— 18 852 7,815 7,639 15,467 10 131 31,932 
Year to date gross charge-offs
— — — (39)(56)(90)— — (185)
Commercial Real Estate:(1)
Pass$558 $423 $1,101 $1,531 $1,011 $2,394 $1,115 $171 $8,304 
Special Mention— 3 82 113 11 96 47 58 410 
Substandard— 4 68 207 85 688 137 170 1,359 
Non-accrual
— — 39 31 25 464 2 2 563 
Total Commercial Real Estate
558 430 1,290 1,882 1,132 3,642 1,301 401 10,636 
Year to date gross charge-offs
— — — (1)— (21)— — (22)
One-to-Four Family
Pass$315 $335 $478 $2,326 $826 $787 $81 $3 $5,151 
Substandard— 1 3 12 2 195 — — 213 
Non-accrual— 4 7 20 13 35 2 — 81 
Total One-to-Four Family315 340 488 2,358 841 1,017 83 3 5,445 
Year to date gross charge-offs
— — — (1)— (1)— — (2)
Commercial and Industrial(2)
Pass$972 $1,133 $2,363 $1,974 $695 $1,055 $5,030 $322 $13,544 
Special Mention— 14 23 118 8 4 122 — 289 
Substandard— 20 66 47 42 41 241 13 470 
Non-accrual— 4 28 49 9 13 19 1 123 
Total Commercial and Industrial972 1,171 2,480 2,188 754 1,113 5,412 336 14,426 
Year to date gross charge-offs
(9)(1)(12)(15)(3)(1)— — (41)
Other Loans
Pass$36 $27 $26 $12 $4 $34 $1,413 $101 $1,653 
Special Mention— — — — — — — — — 
Substandard— — 2 — — — 2 — 4 
Non-accrual— — — — — 1 24 — 25 
Total Other Loans36 27 28 12 4 35 1,439 101 1,682 
Year to date gross charge-offs
(3)(1)(2)(4)— (4)— — (14)
(1)Includes ADC 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
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 
Special Mention—————————
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
Substandard—————————
Non-accrual
—————519—24
Total Other Loans100291242371,4611211,766
Year to date gross charge-offs
(2)(4)(4)(1)(1)(8)——(20)
(1)Includes ADC loans.
(2)Includes lease financing receivables.
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 June 30, 2025
Commercial real estate(1)
— %— %0.5
One-to-four family first mortgage6.24 %4.62 %7.4
Other
10.56 %6.75 %12.2
Three Months Ended June 30, 2024
One-to-four family first mortgage4.76 %3.65 %10.6
Commercial and industrial8.51 %6.00 %1.0
Six months ended June 30, 2025
Commercial real estate(1)
— %— %0.5
One-to-four family first mortgage6.33 %4.73 %12.2
Other Consumer10.58 %4.79 %7.2
Six months ended June 30, 2024
Multi-family8.08 %6.00 %0.0
Commercial real estate(1)
8.13 %6.95 %0.0
One-to-four family first mortgage4.69 %3.70 %12.2
Commercial and industrial7.44 %6.31 %0.4
Other Consumer10.72 %4.34 %1.8
(1)Includes ADC loans.

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


Term ExtensionPrincipal ForgivenessCombination - Interest Rate Reduction and Term/Payment Extension/Delay
Total
Three Months Ended June 30, 2025
One-to-four family first mortgage$6 $1 $4 $11 
Six months ended June 30, 2025
One-to-four family first mortgage$6 $1 $4 $11 
Three Months Ended June 30, 2024
One-to-four family first mortgage$1 $— $2 $3 
Six Months Ended June 30, 2024
Commercial real estate(1)
$4 $— $— $4 
One-to-four family first mortgage1 — 2 3 
Total$5 $— $2 $7 
(1)Includes ADC loans.
The following table provides a summary of loan balances at June 30, 2025, which were modified during the prior twelve months, by class of financing receivable and delinquency status:
June 30, 2025

Current30 - 89 Past Due90+ Past DueTotal
Commercial real estate(1)
$6 $— $— $6 
One-to-four family first mortgage5 — 16 21 
Commercial and industrial——11
Total$11 $— $17 $28 
(1)Includes ADC loans.

The following table provides a summary of loan balances at June 30, 2024, which were modified during the prior twelve months, by class of financing receivable and delinquency status:

June 30, 2024

Current30 - 89 Past Due90+ Past DueTotal
Multi-family
$26 $97 $— $123 
Commercial real estate(1)
21 3 78 102 
One-to-four family first mortgage8 — 9 17 
Commercial and industrial
32813
Other
——11
Total$58 $102 $96 $256 
(1)Includes ADC loans.