Allowance for Loan Losses (Tables)

6 Months Ended

Jun. 30, 2018

Activity in Allowance for Loan Losses

The following tables provide additional information regarding the Company’s allowance for loan losses based upon the method of evaluating loan impairment:

(in thousands)	Mortgage		Other		Total
Allowances for Loan Losses at June 30, 2018:
Loans individually evaluated for impairment	$	--	$	39	$	39
Loans collectively evaluated for impairment		129,697		30,916		160,613
Total	$	129,697	$	30,955	$	160,652
(in thousands)	Mortgage		Other		Total
Allowances for Loan Losses at December 31, 2017:
Loans collectively evaluated for impairment	$	128,275	$	29,771	$	158,046

Additional Information Regarding Methods Used to Evaluate Loan Portfolio for Impairment

The following tables provide additional information regarding the methods used to evaluate the Company’s loan portfolio for impairment:

(in thousands)	Mortgage		Other		Total
Loans Receivable at June 30, 2018:
Loans individually evaluated for impairment	$	20,886	$	45,348	$	66,234
Loans collectively evaluated for impairment		37,218,769		2,133,754		39,352,523
Total	$	37,239,655	$	2,179,102	$	39,418,757
(in thousands)	Mortgage		Other		Total
Loans Receivable at December 31, 2017:
Loans individually evaluated for impairment	$	31,747	$	48,810	$	80,557
Loans collectively evaluated for impairment		36,278,241		2,000,224		38,278,465
Total	$	36,309,988	$	2,049,034	$	38,359,022

Additional Information Regarding Impaired Loans

The following table presents additional information about the Company’s impaired loans at June 30, 2018:

				Unpaid						Average			Interest
	Recorded			Principal			Related			Recorded			Income
(in thousands)	Investment			Balance			Allowance			Investment			Recognized
Impaired loans with no related allowance:
Multi-family		$	5,990		$	8,778		$	--		$	7,771		$	227
Commercial real estate			3,675			8,790			--			3,811			29
One-to-four family			1,669			1,722			--			1,861			24
Acquisition, development, and construction			9,552			10,452			--			11,619			287
Other			45,309			106,995			--			46,962			1,504
Total impaired loans with no related allowance		$	66,195		$	136,737		$	--		$	72,024		$	2,071
Impaired loans with an allowance recorded:
Multi-family		$	--		$	--		$	--		$	--		$	--
Commercial real estate			--			--			--			--			--
One-to-four family			--			--			--			--			--
Acquisition, development, and construction			--			--			--			--			--
Other			39			39			39			26			4
Total impaired loans with an allowance recorded		$	39		$	39		$	39		$	26		$	4
Total impaired loans:
Multi-family		$	5,990		$	8,778		$	--		$	7,771		$	227
Commercial real estate			3,675			8,790			--			3,811			29
One-to-four family			1,669			1,722			--			1,861			24
Acquisition, development, and construction			9,552			10,452			--			11,619			287
Other			45,348			107,034			39			46,988			1,508

Total impaired loans		$	66,234		$	136,776		$	39		$	72,050		$	2,075
The following table presents additional information about the Company’s impaired loans at December 31, 2017:
				Unpaid						Average			Interest
	Recorded			Principal			Related			Recorded			Income
(in thousands)	Investment			Balance			Allowance			Investment			Recognized
Impaired loans with no related allowance:
Multi-family		$	8,892		$	11,470		$	--		$	9,554		$	495
Commercial real estate			5,137			10,252			--			3,522			92
One-to-four family			1,966			2,072			--			2,489			50
Acquisition, development, and construction			15,752			25,952			--			10,976			575
Other			48,810			104,901			--			43,074			2,200
Total impaired loans with no related allowance		$	80,557		$	154,647		$	--		$	69,615		$	3,412
Impaired loans with an allowance recorded:
Multi-family		$	--		$	--		$	--		$	--		$	--
Commercial real estate			--			--			--			--			--
One-to-four family			--			--			--			--			--
Acquisition, development, and construction			--			--			--			--			--
Other			--			--			--			314			--
Total impaired loans with an allowance recorded		$	--		$	--		$	--		$	314		$	--
Total impaired loans:
Multi-family		$	8,892		$	11,470		$	--		$	9,554		$	495
Commercial real estate			5,137			10,252			--			3,522			92
One-to-four family			1,966			2,072			--			2,489			50
Acquisition, development, and construction			15,752			25,952			--			10,976			575
Other			48,810			104,901			--			43,388			2,200
Total impaired loans		$	80,557		$	154,647		$	--		$	69,929		$	3,412

Non-Covered Loans

Activity in Allowance for Loan Losses

The following table summarizes activity in the allowance for loan losses for the periods indicated:

	For the Six Months Ended June 30,
	2018									2017 (1)
(in thousands)	Mortgage			Other			Total			Mortgage			Other			Total
Balance, beginning of period	$	128,275		$	29,771		$	158,046		$	125,416		$	32,874		$	158,290
Charge-offs		(5,444	)		(7,404	)		(12,848	)		(90	)		(17,646	)		(17,736	)
Recoveries		229			940			1,169			180			517			697
Provision for (recovery of) non-covered loan losses		6,637			7,648			14,285			(3,785	)		17,217			13,432
Balance, end of period	$	129,697		$	30,955		$	160,652		$	121,721		$	32,962		$	154,683

(1) Represents allowance for losses on non-covered loans, excluding PCI loans.