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Loans Receivable Held for Sale
6 Months Ended
Jun. 30, 2015
Loans receivable held for sale  
Loans Receivable Held for Sale  
Loans Receivable Held for Sale

 

NOTE (4)  Loans Receivable Held for Sale

 

Loans receivable held for sale at June 30, 2015 and December 31, 2014 totaled $82.0 million and $19.5 million, respectively, and consisted of multi-family loans.  During the three and six months ended June 30, 2015, multi-family loans originated for sale totaled $18.9 million and $31.5 million, respectively.  During the second quarter of 2015, in order to comply with regulatory loan concentration guidelines, the Bank transferred $90.2 million of performing multi-family loans from held for investment to held for sale.

 

During the three and six months ended June 30, 2015, loan sales totaled $46.8 million and $59.0 million, respectively.