Loans Receivable and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Summarized Loans Receivable

	September 30, 2012			December 31, 2011
Mortgage loans:
Residential	$	1,289,316			1,308,635
Commercial		1,293,143			1,253,542
Multi-family		687,485			564,147
Construction		125,408			114,817
Total mortgage loans		3,395,352			3,241,141
Commercial loans		839,253			849,009
Consumer loans		583,554			560,970
Total gross loans		4,818,159			4,651,120
Premiums on purchased loans		5,327			5,823
Unearned discounts		(83	)		(100	)
Net deferred fees		(4,546	)		(3,334	)
	$	4,818,857			4,653,509

Summary of Aging Loans Receivable by Portfolio Segment and Class

	At September 30, 2012
	30-59 Days		60-89 Days		Non-accrual		Total Past Due and Non-accrual		Current		Total Loans Receivable		Recorded Investment > 90 days accruing
Mortgage loans:
Residential	$	14,849		8,426		31,655		54,930		1,234,386		1,289,316		—
Commercial		—		672		30,833		31,505		1,261,638		1,293,143		—
Multi-family		—		123		322		445		687,040		687,485		—
Construction		—		—		10,626		10,626		114,782		125,408		—
Total mortgage loans		14,849		9,221		73,436		97,506		3,297,846		3,395,352		—
Commercial loans		915		261		26,618		27,794		811,459		839,253		—
Consumer loans		3,168		1,591		5,632		10,391		573,163		583,554		—
Total loans	$	18,932		11,073		105,686		135,691		4,682,468		4,818,159		—
	At December 31, 2011
	30-59 Days		60-89 Days		Non-accrual		Total Past Due and Non-accrual		Current		Total Loans Receivable		Recorded Investment > 90 days accruing
Mortgage loans:
Residential	$	16,034		7,936		40,386		64,356		1,244,279		1,308,635		—
Commercial		939		1,155		29,522		31,616		1,221,926		1,253,542		—
Multi-family		—		—		997		997		563,150		564,147		—
Construction		—		—		11,018		11,018		103,799		114,817		—
Total mortgage loans		16,973		9,091		81,923		107,987		3,133,154		3,241,141		—
Commercial loans		2,472		526		32,093		35,091		813,918		849,009		—
Consumer loans		5,276		1,908		8,533		15,717		545,253		560,970		—
Total loans	$	24,721		11,525		122,549		158,795		4,492,325		4,651,120		—

Summary of Loans Receivable by Portfolio Segment and Impairment Method

	At September 30, 2012
	Mortgage loans		Commercial loans		Consumer loans		Total Portfolio Segments
Individually evaluated for impairment	$	81,149		31,722		1,501		114,372
Collectively evaluated for impairment		3,314,203		807,531		582,053		4,703,787
Total	$	3,395,352		839,253		583,554		4,818,159

	At December 31, 2011
	Mortgage loans		Commercial loans		Consumer loans		Total Portfolio Segments
Individually evaluated for impairment	$	76,275		26,974		—		103,249
Collectively evaluated for impairment		3,164,866		822,035		560,970		4,547,871
Total	$	3,241,141		849,009		560,970		4,651,120

Summary of Allowance for Loan Losses by Portfolio Segment and Impairment Classification

	At September 30, 2012
	Mortgage loans		Commercial loans		Consumer loans		Total Portfolio Segments		Unallocated		Total
Individually evaluated for impairment	$	6,180		2,119		134		8,433		—		8,433
Collectively evaluated for impairment		34,015		16,809		5,098		55,922		5,925		61,847
Total	$	40,195		18,928		5,232		64,355		5,925		70,280

	At December 31, 2011
	Mortgage loans		Commercial loans		Consumer loans		Total Portfolio Segments		Unallocated		Total
Individually evaluated for impairment	$	5,360		3,966		—		9,326		—		9,326
Collectively evaluated for impairment		34,083		21,415		5,515		61,013		4,012		65,025
Total	$	39,443		25,381		5,515		70,339		4,012		74,351

Schedule of Troubled Debt Restructurings

	Three Months Ended September 30, 2012
			Pre-Modification		Post-Modification
Troubled Debt	Number of		Outstanding		Outstanding
Restructurings	Loans		Recorded Investment		Recorded Investment
			($ in thousands)
Mortgage loans:
Residential		13	$	5,332		4,588
Commercial		1		276		276
Total mortgage loans		14		5,608		4,864
Commercial loans		3		301		273
Consumer loans		4		566		563
Total restructured loans		21	$	6,475		5,700

	Nine Months Ended September 30, 2012
			Pre-Modification		Post-Modification
Troubled Debt	Number of		Outstanding		Outstanding
Restructurings	Loans		Recorded Investment		Recorded Investment
			($ in thousands)
Mortgage loans:
Residential		28	$	9,092		7,977
Commercial		1		276		276
Total mortgage loans		29		9,368		8,253
Commercial loans		11		14,487		13,938
Consumer loans		7		1,064		991
Total restructured loans		47	$	24,919		23,182

Schedule of Troubled Debt Restructurings Subsequently Defaulted

Troubled Debt	September 30, 2012
Restructurings Subsequently Defaulted	Number of Loans		Outstanding Recorded Investment
			($ in thousands)
Mortgage loans:
Residential		—	$	—
Commercial		—		—
Multi-family		—		—
Construction		—		—
Total mortgage loans		—		—
Commercial loans		—		—
Consumer loans		1		53
Total restructured loans		1	$	53

Schedule of Allowance for Loan Losses by Portfolio Segment

Three Months Ended September 30,	Mortgage loans			Commercial loans			Consumer loans			Total Portfolio Segments			Unallocated			Total
2012
Balance at beginning of period	$	37,435			21,571			5,596			64,602			7,750			72,352
Provision charged to operations		4,347			611			367			5,325			(1,825	)		3,500
Recoveries of loans previously charged off		1,374			82			168			1,624			—			1,624
Loans charged off		(2,961	)		(3,336	)		(899	)		(7,196	)		—			(7,196	)
Balance at end of period	$	40,195			18,928			5,232			64,355			5,925			70,280
2011
Balance at beginning of period	$	37,090			23,700			6,350			67,140			5,154			72,294
Provision charged to operations		5,978			916			2,080			8,974			(1,474	)		7,500
Recoveries of loans previously charged off		—			303			222			525			—			525
Loans charged off		(2,407	)		(1,681	)		(2,576	)		(6,664	)		—			(6,664	)
Balance at end of period	$	40,661			23,238			6,076			69,975			3,680			73,655
Nine Months Ended September 30,	Mortgage loans			Commercial loans			Consumer loans			Total Portfolio Segments			Unallocated			Total
2012
Balance at beginning of period	$	39,443			25,381			5,515			70,339			4,012			74,351
Provision charged to operations		4,478			3,927			1,682			10,087			1,913			12,000
Recoveries of loans previously charged off		1,494			779			798			3,071			—			3,071
Loans charged off		(5,220	)		(11,159	)		(2,763	)		(19,142	)		—			(19,142	)
Balance at end of period	$	40,195			18,928			5,232			64,355			5,925			70,280
2011
Balance at beginning of period	$	38,416			22,210			5,616			66,242			2,480			68,722
Provision charged to operations		7,849			7,457			6,394			21,700			1,200			22,900
Recoveries of loans previously charged off		200			541			424			1,165			—			1,165
Loans charged off		(5,804	)		(6,970	)		(6,358	)		(19,132	)		—			(19,132	)
Balance at end of period	$	40,661			23,238			6,076			69,975			3,680			73,655

Summary of Impaired Loans Receivable by Class

	At September 30, 2012										At December 31, 2011
	Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized		Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized
Loans with no related allowance
Mortgage loans:
Residential	$	6,545		4,775		—		5,136		103		3,341		2,793		—		3,285		51
Commercial		10,284		10,241		—		10,257		81		8,432		7,521		—		7,915		146
Multi-family		—		—		—		—		—		—		—		—		—		—
Construction		11,410		10,626		—		10,804		—		11,410		11,018		—		11,254		258
Total		28,239		25,642		—		26,197		184		23,183		21,332		—		22,454		455
Commercial loans		6,335		5,455		—		6,355		18		4,982		4,651		—		6,222		259
Consumer loans		37		14		—		43		—		—		—		—		—		—
Total loans		34,611		31,111		—		32,595		202		28,165		25,983		—		28,676		714
Loans with an allowance recorded
Mortgage loans:
Residential	$	13,208		12,211		1,511		12,805		276		7,681		7,442		1,056		7,644		187
Commercial		45,224		43,296		4,669		44,054		744		47,531		47,501		4,304		48,102		1,067
Multi-family		—		—		—		—		—		—		—		—		—		—
Construction		—		—		—		—		—		—		—		—		—		—
Total		58,432		55,507		6,180		56,859		1,020		55,212		54,943		5,360		55,746		1,254
Commercial loans		27,095		26,267		2,119		27,473		554		26,504		22,323		3,966		23,637		37
Consumer loans		1,525		1,487		134		1,534		34		—		—		—		—		—
Total loans	$	87,052		83,261		8,433		85,866		1,608		81,716		77,266		9,326		79,383		1,291
Total
Mortgage loans:
Residential	$	19,753		16,986		1,511		17,941		379		11,022		10,235		1,056		10,929		238
Commercial		55,508		53,537		4,669		54,311		825		55,963		55,022		4,304		56,017		1,213
Multi-family		—		—		—		—		—		—		—		—		—		—
Construction		11,410		10,626		—		10,804		—		11,410		11,018		—		11,254		258
Total		86,671		81,149		6,180		83,056		1,204		78,395		76,275		5,360		78,200		1,709
Commercial loans		33,430		31,722		2,119		33,828		572		31,486		26,974		3,966		29,859		296
Consumer loans		1,562		1,501		134		1,577		34		—		—		—		—		—
Total loans	$	121,663		114,372		8,433		118,461		1,810		109,881		103,249		9,326		108,059		2,005

Summary of Loans Receivable by Credit Quality Risk Rating Indicator

	At September 30, 2012
	Residential		Commercial mortgage		Multi-family		Construction		Total mortgages		Commercial		Consumer		Total loans
Special mention	$	8,426		13,702		8,300		6,625		37,053		21,118		1,591		59,762
Substandard		31,655		81,383		412		16,714		130,164		48,654		5,433		184,251
Doubtful		—		—		—		—		—		1,140		—		1,140
Loss		—		—		—		—		—		—		—		—
Total classified and criticized		40,081		95,085		8,712		23,339		167,217		70,912		7,024		245,153
Pass/Watch		1,249,235		1,198,058		678,773		102,069		3,228,135		768,341		576,530		4,573,006
Total outstanding loans	$	1,289,316		1,293,143		687,485		125,408		3,395,352		839,253		583,554		4,818,159
	At December 31, 2011
	Residential		Commercial mortgage		Multi-family		Construction		Total mortgages		Commercial		Consumer		Total loans
Special mention	$	7,980		27,773		12,193		10,699		58,645		14,498		1,908		75,051
Substandard		40,386		82,428		8,534		18,643		149,991		73,793		8,533		232,317
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total classified and criticized		48,366		110,201		20,727		29,342		208,636		88,291		10,441		307,368
Pass/Watch		1,260,269		1,143,341		543,420		85,475		3,032,505		760,718		550,529		4,343,752
Total outstanding loans	$	1,308,635		1,253,542		564,147		114,817		3,241,141		849,009		560,970		4,651,120