LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

Mar. 31, 2019

LOANS AND ALLOWANCE FOR LOAN LOSSES [Abstract]

Schedule of Loans Receivable

	March 31, 2019		December 31, 2018
Real estate
Commercial	$	1,134,243		$	949,778
Construction		46,245			42,540
Multifamily		327,456			307,126
One-to-four family		78,943			79,423
Total real estate loans		1,586,887			1,378,867
Commercial and industrial		421,503			381,692
Consumer		96,894			106,790
Total loans		2,105,284			1,867,349
Deferred fees		(2,864)			(2,133)
Loans, net of deferred fees and unamortized costs		2,102,420			1,865,216
Allowance for loan losses		(20,834)			(18,942)
Balance at the end of the period	$	2,081,586		$	1,846,274

Schedule of activity in the allowance for loan losses by segment

	Commercial		Commercial				Multi		One-to-four
Three months ended March 31, 2019	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Beginning balance	$	9,037	$	6,257	$	625	$	2,047	$	228	$	748	$	18,942
Provision for loan losses		1,848		(4,077)		22		64		80		32		(2,031)
Loans charged-off		—		(273)		—		—		—		(74)		(347)
Recoveries		—		4,270		—		—		—		—		4,270
Total ending allowance balance	$	10,885	$	6,177	$	647	$	2,111	$	308	$	706	$	20,834

	Commercial		Commercial				Multi		One-to-four
Three months ended March 31, 2018	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Beginning balance	$	7,136	$	5,578	$	519	$	1,156	$	138	$	360	$	14,887
Provision for loan losses		611		277		(16)		54		245		306		1,477
Loans charged-off		—		(71)		—		—		—		(86)		(157)
Recoveries		53		—		—		—		—		—		53
Total ending allowance balance	$	7,800	$	5,784	$	503	$	1,210	$	383	$	580	$	16,260

Schedule of allowance for loan losses and the recorded investment in loans

	Commercial		Commercial				Multi		One-to-four
At March 31, 2019	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	70	$	53	$	123
Collectively evaluated for impairment		10,885		6,177		647		2,111		238		653		20,711
Total ending allowance balance	$	10,885	$	6,177	$	647	$	2,111	$	308	$	706	$	20,834
Loans:
Individually evaluated for impairment	$	379	$	—	$	—	$	—	$	1,070	$	106	$	1,555
Collectively evaluated for impairment		1,133,864		421,503		46,245		327,456		77,873		96,788		2,103,729
Total ending loan balance	$	1,134,243	$	421,503	$	46,245	$	327,456	$	78,943	$	96,894	$	2,105,284

	Commercial		Commercial				Multi		One-to-four
At December 31, 2018	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	44	$	44
Collectively evaluated for impairment		9,037		6,257		625		2,047		228		704		18,898
Total ending allowance balance	$	9,037	$	6,257	$	625	$	2,047	$	228	$	748	$	18,942
Loans:
Individually evaluated for impairment	$	383	$	—	$	—	$	—	$	1,078	$	89	$	1,550
Collectively evaluated for impairment		949,395		381,692		42,540		307,126		78,345		106,701		1,865,799
Total ending loan balance	$	949,778	$	381,692	$	42,540	$	307,126	$	79,423	$	106,790	$	1,867,349

Schedule of impaired by class of loans

	Unpaid Principal				Allowance for Loan		Average Recorded		Interest Income
At March 31, 2019	Balance		Recorded Investment		Losses Allocated		Investment		Recognized
With an allowance recorded:
One-to-four family	$	655		525	$	70	$	263		$	3
Consumer		106		106		53		97			2
Total	$	761	$	631	$	123	$	360		$	5
Without an allowance recorded:
Commercial real estate	$	379	$	379	$	—	$	381		$	4
One-to-four family		692		545		—		811			11
Total	$	1,071	$	924	$	—	$	1,192		$	15

	Unpaid Principal				Allowance for Loan		Average Recorded		Interest Income
At December 31, 2018	Balance		Recorded Investment		Losses Allocated		Investment		Recognized
With an allowance recorded:
One-to-four family	$	—	$	—	$	—	$	111	$	—
Consumer		105		89		44		157		7
Total	$	105	$	89	$	44	$	268	$	7
Without an allowance recorded:
Commercial real estate	$	1,355	$	1,078	$	—	$	1,477	$	59
One-to-four family		1,740		1,461		—		2,948		146
Total	$	3,094	$	2,539	$	—	$	4,424	$	205

Schedule of Recorded Investment in Non-Accrual Loans

At March 31, 2019	Nonaccrual		Loans Past Due Over 90 Days Still Accruing
Commercial & industrial	$	—	$	1,044
Consumer		68		386
Total	$	68	$	1,430

At December 31, 2018		Nonaccrual		Loans Past Due Over 90 Days Still Accruing
Commercial & industrial	$	—	$	239
Consumer		50		—
Total	$	50	$	239

Schedule of aging of the recorded investment in past due loans

					Greater
	30-59		60-89		than 90		Total past		Current
At March 31, 2019	Days		Days		days		due		loans		Total
Commercial real estate	$	96	$	—	$	—	$	96	$	1,134,147	$	1,134,243
Commercial & industrial		—		159		1,044		1,203		420,300		421,503
Construction		—		—		—		—		46,245		46,245
Multifamily		—		—		—		—		327,456		327,456
One-to-four family		—		—		—		—		78,943		78,943
Consumer		326		224		454		1,004		95,890		96,894
Total	$	422	$	383	$	1,498	$	2,303	$	2,102,981	$	2,105,284

					Greater
	30-59		60-89		than 90		Total past		Current
At December 31, 2018	Days		Days		days		due		loans		Total
Commercial real estate	$	—	$	—	$	—	$	—	$	949,778	$	949,778
Commercial & industrial		1,670		95		239		2,004		379,688		381,692
Construction		—		—		—		—		42,540		42,540
Multifamily		—		—		—		—		307,126		307,126
One-to-four family		870		—		—		870		78,553		79,423
Consumer		119		43		50		212		106,578		106,790
Total	$	2,659	$	138	$	289	$	3,086	$	1,864,263	$	1,867,349

Schedule of loans modified as troubled debt restructurings

The following tables present the recorded investment in TDRs by class of loans as of March 31, 2019 and December 31, 2018 (dollars in thousands):

	March 31, 2019		December 31, 2018
Troubled debt restructurings:
Real Estate:
Commercial	$	379	$	383
One-to-four family		1,070		1,078
Consumer		38		39
Total troubled debt restructurings	$	1,487	$	1,500

Schedule of risk category of loans by class of loans

			Special
At March 31, 2019	Pass		Mention		Substandard			Total
Commercial real estate	$	1,133,864	$	379	$	—	$	1,134,243
Commercial & industrial		420,459		—		1,044		421,503
Construction		46,245		—		—		46,245
Multifamily		327,456		—		—		327,456
Total	$	1,928,024	$	379	$	1,044	$	1,929,447

			Special
At December 31, 2018	Pass		Mention		Substandard			Total
Commercial real estate	$	949,395	$	383	$	—	$	949,778
Commercial & industrial		380,196		1,496		—		381,692
Construction		42,540		—		—		42,540
Multifamily		307,126		—		—		307,126
Total	$	1,679,257	$	1,879	$	—	$	1,681,136