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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2017
Off-Balance-Sheet Originate Loans and Letters of Credit

The following table summarizes the Company’s off-balance sheet commitments to originate loans and letters of credit at December 31, 2017:

 

(in thousands)  

Mortgage Loan Commitments:

 

Multi-family and commercial real estate

   $ 377,782  

One-to-four family

     3,819  

Acquisition, development, and construction

     239,504  
  

 

 

 

 

Total mortgage loan commitments

   $ 621,105  

Other loan commitments

     1,314,170  
  

 

 

 

Total loan commitments

   $ 1,935,275  

Commercial, performance stand-by, and financial stand-by letters of credit

     339,403  
  

 

 

 

Total commitments

   $ 2,274,678  
  

 

 

 
Remaining Projected Minimum Annual Rental Commitments, Exclusive of Taxes and Other Charges

 The remaining projected minimum annual rental commitments under these agreements, exclusive of taxes and other charges, are summarized as follows:

 

(in thousands)  

2018

   $ 29,786  

2019

     26,425  

2020

     20,211  

2021

     16,523  

2022 and thereafter

     66,555  
  

 

 

 

Total minimum future rentals

   $ 159,500  
  

 

 

 
Guarantees and Indemnifications

The following table summarizes the Company’s guarantees and indemnifications at December 31, 2017:

 

(in thousands)    Expires
Within One
Year
     Expires
After One
Year
     Total
Outstanding
Amount
     Maximum Potential
Amount of
Future Payments
 

Financial stand-by letters of credit

   $ 19,996      $ 55,202      $ 75,198      $ 267,174  

Performance stand-by letters of credit

     5,786        —          5,786        5,775  

Commercial letters of credit

     3,063        209        3,272        66,454  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total letters of credit

   $ 28,845      $ 55,411      $ 84,256      $ 339,403