Allowance for Loan and Lease Losses (Tables)

3 Months Ended

Mar. 31, 2020

Additional Information Regarding Methods Used to Evaluate Loan Portfolio for Impairment

The following table presents additional information about the Company’s nonaccrual loans at March 31, 2020:

(in thousands)	Recorded Investment		Related Allowance		Interest Income Recognized
Nonaccrual loans with no related allowance:
Multi-family	$	2,412	$	—	$	64
Commercial real estate		14,700		—		24
One-to-four family		577		—		5
Acquisition, development, and construction		—		—		—
Other		27,218		—		551
Total nonaccrual loans with no related allowance	$	44,907	$	—	$	644
Nonaccrual loans with an allowance recorded:
Multi-family	$	1,830	$	264	$	—
Commercial real estate		1,401		110		15
One-to-four family		1,144		10		3
Acquisition, development, and construction		—		—		—
Other		—		—		—
Total nonaccrual loans with an allowance recorded	$	4,375	$	384	$	18
Total nonaccrual loans:
Multi-family	$	4,242	$	264	$	64
Commercial real estate		16,101		110		39
One-to-four family		1,721		10		8
Acquisition, development, and construction		—		—		—
Other		27,218		—		551
Total nonaccrual loans	$	49,282	$	384	$	662

Additional Information Regarding Impaired Non-Covered Loans

The following table presents additional information about the Company’s impaired loans at December 31, 2019:

(in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no related allowance:
Multi-family	$	3,577	$	6,790	$	—	$	4,336	$	266
Commercial real estate		14,717		19,832		—		6,140		371
One-to-four family		584		602		—		811		21
Acquisition, development, and construction		389		1,289		—		3,508		364
Other		37,669		114,636		—		39,598		2,494
Total impaired loans with no related allowance	$	56,936	$	143,149	$	—	$	54,393	$	3,516
Impaired loans with an allowance recorded:
Multi-family	$	—	$	—	$	—	$	—	$	—
Commercial real estate		—		—		—		—		—
One-to-four family		—		—		—		—		—
Acquisition, development, and construction		—		—		—		—		—
Other		1,445		4,173		116		4,111		13
Total impaired loans with an allowance recorded	$	1,445	$	4,173	$	116	$	4,111	$	13
Total impaired loans:
Multi-family	$	3,577	$	6,790	$	—	$	4,336	$	266
Commercial real estate		14,717		19,832		—		6,140		371
One-to-four family		584		602		—		811		21
Acquisition, development, and construction		389		1,289		—		3,508		364
Other		39,114		118,809		116		43,709		2,507
Total impaired loans	$	58,381	$	147,322	$	116	$	58,504	$	3,529

Non-Covered Loans

Activity in Allowance for Loan Losses

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

	For the Three Months Ended March 31,
	2020									2019
(in thousands)	Mortgage			Other			Total			Mortgage			Other			Total
Balance, beginning of period	$	122,695		$	24,943		$	147,638		$	130,983		$	28,837		$	159,820
Impact of CECL adoption		(178	)		2,089			1,911			—			—			—
Charge-offs		—			(10,385	)		(10,385	)		—			(2,079	)		(2,079	)
Recoveries		11			178			189			7			110			117
(Recovery of) provision for credit losses on loans		18,786			4,105			22,891			(2,224	)		1,002			(1,222	)
Balance, end of period	$	141,314		$	20,930		$	162,244		$	128,766		$	27,870		$	156,636