LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

Mar. 31, 2020


	March 31, 2020		December 31, 2019
Real estate
Commercial	$	1,729,386		$	1,668,236
Construction		41,162			30,827
Multifamily		379,342			375,611
One-to-four family		75,610			82,670
Total real estate loans		2,225,500			2,157,344

Commercial and industrial		482,187			448,619
Consumer		63,112			71,956
Total loans		2,770,799			2,677,919
Deferred fees		(4,700)			(4,970)
Loans, net of deferred fees and unamortized costs		2,766,099			2,672,949
Allowance for loan losses		(30,924)			(26,272)
Balance at the end of the period	$	2,735,175		$	2,646,677

Schedule of changes in the allowance for loan losses by portfolio segment


	Commercial		Commercial				Multi		One-to-four				COVID-19
Three months ended March 31, 2020	Real Estate		& Industrial		Construction		Family		Family		Consumer		Impact		Total
Allowance for loan losses:
Beginning balance	$	15,317	$	7,070	$	411	$	2,453	$	267	$	754	$	—	$	26,272
Provision/(credit) for loan losses		574		1,098		138		65		(76)		(65)		3,056		4,790
Loans charged-off		—		(13)		—		—		—		(188)		—		(201)
Recoveries		—		58		—		—		—		5		—		63
Total ending allowance balance	$	15,891	$	8,213	$	549	$	2,518	$	191	$	506	$	3,056	$	30,924


	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/(credit) 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

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

The following tables present the balance in the ALLL and the recorded investment in loans by portfolio segment, including the impact of COVID-19 for the first quarter of 2020, based on impairment method as of March 31, 2020 and December 31, 2019 (in thousands):


	Commercial		Commercial				Multi		One-to-four				COVID-19
At March 31, 2020	Real Estate		& Industrial		Construction		Family		Family		Consumer		Impact		Total
Allowance for loan losses:
Individually evaluated for impairment	$	—	$	805	$	—	$	—	$	60	$	116	$	—	$	981
Collectively evaluated for impairment		15,891		7,408		549		2,518		131		390		3,056		29,943
Total ending allowance balance	$	15,891	$	8,213	$	549	$	2,518	$	191	$	506	$	3,056	$	30,924
Loans:
Individually evaluated for impairment	$	363	$	5,801	$	—	$	—	$	1,028	$	369	$	—	$	7,561
Collectively evaluated for impairment		1,729,023		476,386		41,162		379,342		74,582		62,743		—		2,763,238
Total ending loan balance	$	1,729,386	$	482,187	$	41,162	$	379,342	$	75,610	$	63,112	$	—	$	2,770,799


	Commercial		Commercial				Multi		One-to-four
At December 31, 2019	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Individually evaluated for impairment	$	—	$	805	$	—	$	—	$	64	$	311	$	1,180
Collectively evaluated for impairment		15,317		6,265		411		2,453		203		443		25,092
Total ending allowance balance	$	15,317	$	7,070	$	411	$	2,453	$	267	$	754	$	26,272
Loans:
Individually evaluated for impairment	$	367	$	1,047	$	—	$	—	$	3,384	$	728	$	5,526
Collectively evaluated for impairment		1,667,869		447,572		30,827		375,611		79,286		71,228		2,672,393
Total ending loan balance	$	1,668,236	$	448,619	$	30,827	$	375,611	$	82,670	$	71,956	$	2,677,919

Schedule of loans determined to be impaired by class of loans


	Unpaid Principal				Allowance for Loan
At March 31, 2020	Balance		Recorded Investment		Losses Allocated
With an allowance recorded:
One-to-four family	$	626	$	496	$	60
Consumer		373		369		116
Commercial & industrial		1,047		1,047		805
Total	$	2,046	$	1,912	$	981

Without an allowance recorded:
One-to-four family	$	679	$	532	$	—
Commercial real estate		363		363		—
Commercial & industrial		4,754		4,754		—
Total	$	5,796	$	5,649	$	—


	Unpaid Principal				Allowance for Loan
At December 31, 2019	Balance		Recorded Investment		Losses Allocated
With an allowance recorded:
One-to-four family	$	633	$	503	$	64
Consumer		731		728		311
Commercial & industrial		1,047		1,047		805
Total	$	2,411	$	2,278	$	1,180

Without an allowance recorded:
One-to-four family		3,028	$	2,881	$	—
Commercial real estate		367		367		—
Total	$	3,395	$	3,248	$	—

Schedule of average recorded investment and interest income of loans


	Average Recorded		Interest Income
Three months ended March 31, 2020	Investment		Recognized
With an allowance recorded:
One-to-four family	$	500	$	5
Consumer		548		5
Commercial & industrial		1,047		—
Total	$	2,095	$	10

Without an allowance recorded:
One-to-four family	$	1,706	$	7
Commercial real estate		365		4
Commercial & industrial		2,377		—
Total	$	4,448	$	11


	Average Recorded		Interest Income
Three months ended March 31, 2019	Investment		Recognized
With an allowance recorded:
One-to-four family	$	263	$	3
Consumer		97		2
Total	$	360	$	5

Without an allowance recorded:
Commercial real estate	$	381	$	4
One-to-four family		811		11
Total	$	1,192	$	15

Schedule of recorded investment in non-accrual loans, loans past due over 90 days and still accruing by class of loans


At March 31, 2020	Non-accrual		Loans Past Due Over 90 Days Still Accruing
Commercial & industrial	$	5,801	$	205
One-to-four family		—		—
Consumer		335		—
Total	$	6,136	$	205


At December 31, 2019		Non-accrual		Loans Past Due Over 90 Days Still Accruing
Commercial & industrial	$	1,047	$	408
One-to-four family		2,345		—
Consumer		693		—
Total	$	4,085	$	408

Schedule of aging of the recorded investment in past due loans by class of loans


					Greater
	30-59		60-89		than 90		Total past		Current
At March 31, 2020	Days		Days		days		due		loans		Total
Commercial real estate	$	—	$	—	$	—	$	—	$	1,729,386	$	1,729,386
Commercial & industrial		379		162		6,006		6,547		475,640		482,187
Construction		—		—		—		—		41,162		41,162
Multifamily		—		—		—		—		379,342		379,342
One-to-four family		—		—		—		—		75,610		75,610
Consumer		102		—		335		437		62,675		63,112
Total	$	481	$	162	$	6,341	$	6,984	$	2,763,815	$	2,770,799


					Greater
	30-59		60-89		than 90		Total past		Current
At December 31, 2019	Days		Days		days		due		loans		Total
Commercial real estate	$	—	$	—	$	—	$	—	$	1,668,236	$	1,668,236
Commercial & industrial		346		—		1,455		1,801		446,818		448,619
Construction		—		—		—		—		30,827		30,827
Multifamily		—		—		—		—		375,611		375,611
One-to-four family		—		—		—		—		82,670		82,670
Consumer		636		14		693		1,343		70,613		71,956
Total	$	982	$	14	$	2,148	$	3,144	$	2,674,775	$	2,677,919

Schedule of recorded investment in TDRs by class of loans

The following tables present the recorded investment in TDRs by class of loans as of March 31, 2020 and December 31, 2019 (in thousands):


	March 31, 2020		December 31, 2019
Troubled debt restructurings:
Real Estate:
Commercial real estate	$	363	$	367
One-to-four family		1,028		1,039
Consumer		34		35
Total troubled debt restructurings	$	1,425	$	1,441

Schedule of risk category of loans by class of loans


			Special
At March 31, 2020	Pass		Mention		Substandard		Doubtful			Total
Commercial real estate	$	1,729,023	$	363	$	—	$	—	$	1,729,386
Commercial & industrial		476,181		—		4,959		1,047		482,187
Construction		41,162		—		—		—		41,162
Multifamily		379,342		—		—		—		379,342
Total	$	2,625,708	$	363	$	4,959	$	1,047	$	2,632,077


			Special
At December 31, 2019	Pass		Mention		Substandard		Doubtful			Total
Commercial real estate	$	1,667,869	$	367	$	—	$	—	$	1,668,236
Commercial & industrial		446,612		—		960		1,047		448,619
Construction		30,827		—		—		—		30,827
Multi-family		375,611		—		—		—		375,611
Total	$	2,520,919	$	367	$	960	$	1,047	$	2,523,293