LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

6 Months Ended

Jun. 30, 2021

LOANS AND ALLOWANCE FOR LOAN LOSSES

Schedule of Net loans

	June 30, 2021		December 31, 2020
Real estate
Commercial	$	2,186,308	$	1,887,505
Construction		139,992		112,290
Multifamily		426,716		433,239
One-to-four family		63,833		71,354
Total real estate loans		2,816,849		2,504,388
Commercial and industrial		600,845		591,500
Consumer		38,132		46,431
Total loans		3,455,826		3,142,319
Deferred fees		(6,336)		(5,266)
Loans, net of deferred fees and unamortized costs		3,449,490		3,137,053
Allowance for loan losses		(37,377)		(35,407)
Balance at the end of the period	$	3,412,113	$	3,101,646

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

	Commercial		Commercial				Multi		One-to-four
Three months ended June 30, 2021	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Beginning balance	$	18,341	$	10,827	$	1,707	$	2,732	$	178	$	1,717	$	35,502
Provision/(credit) for loan losses		1,958		(282)		265		(114)		(9)		57		1,875
Loans charged-off		—		—		—		—		—		—		—
Recoveries		—		—		—		—		—		—		—
Total ending allowance balance	$	20,299	$	10,545	$	1,972	$	2,618	$	169	$	1,774	$	37,377

	Commercial		Commercial				Multi		One-to-four
Three months ended June 30, 2020	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Beginning balance	$	17,369		9,493		620		2,708		203		531		30,924
Provision/(credit) for loan losses		1,321		(204)		121		31		39		458		1,766
Loans charged-off		—		(159)		—		—		—		(33)		(192)
Recoveries		—		2		—		—		—		5		7
Total ending allowance balance	$	18,690	$	9,132	$	741	$	2,739	$	242	$	961	$	32,505

	Commercial		Commercial				Multi		One-to-four
Six months ended June 30, 2021	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Beginning balance	$	17,243	$	12,123	$	1,593	$	2,661	$	206	$	1,581	$	35,407
Provision/(credit) for loan losses		3,056		(723)		379		(43)		(37)		193		2,825
Loans charged-off		—		(855)		—		—		—		—		(855)
Recoveries		—		—		—		—		—		—		—
Total ending allowance balance	$	20,299	$	10,545	$	1,972	$	2,618	$	169	$	1,774	$	37,377

	Commercial		Commercial				Multi		One-to-four
Six months ended June 30, 2020	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Beginning balance	$	15,317	$	7,070	$	411	$	2,453	$	267	$	754	$	26,272
Provision/(credit) for loan losses		3,373		2,174		330		286		(25)		418		6,556
Loans charged-off		—		(172)		—		—		—		(221)		(393)
Recoveries		—		60		—		—		—		10		70
Total ending allowance balance	$	18,690	$	9,132	$	741	$	2,739	$	242	$	961	$	32,505

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

	Commercial		Commercial				Multi		One-to-four
At June 30, 2021	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Individually evaluated	$	—	$	2,814	$	—	$	—	$	41	$	1,465	$	4,320
Collectively evaluated		20,299		7,731		1,972		2,618		128		309		33,057
Total ending allowance balance	$	20,299	$	10,545	$	1,972	$	2,618	$	169	$	1,774	$	37,377
Loans:
Individually evaluated	$	10,336	$	3,337	$	—	$	—	$	970	$	2,154	$	16,797
Collectively evaluated		2,175,972		597,508		139,992		426,716		62,863		35,978		3,439,029
Total ending loan balance	$	2,186,308	$	600,845	$	139,992	$	426,716	$	63,833	$	38,132	$	3,455,826

	Commercial		Commercial				Multi		One-to-four
At December 31, 2020	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Individually evaluated	$	—	$	3,662	$	—	$	—	$	53	$	1,203	$	4,918
Collectively evaluated		17,243		8,461		1,593		2,661		153		378		30,489
Total ending allowance balance	$	17,243	$	12,123	$	1,593	$	2,661	$	206	$	1,581	$	35,407
Loans:
Individually evaluated	$	10,345	$	4,192	$	—	$	—	$	999	$	2,197	$	17,733
Collectively evaluated		1,877,160		587,308		112,290		433,239		70,355		44,234		3,124,586
Total ending loan balance	$	1,887,505	$	591,500	$	112,290	$	433,239	$	71,354	$	46,431	$	3,142,319

Schedule of loans determined to be impaired by class of loans

	Unpaid Principal				Allowance for Loan
At June 30, 2021	Balance		Recorded Investment		Losses Allocated
With an allowance recorded:
One-to-four family	$	591	$	461	$	41
Consumer		2,154		2,154		1,465
Commercial & industrial		4,192		3,337		2,814
Total	$	6,937	$	5,952	$	4,320
Without an allowance recorded:
One-to-four family	$	656	$	509	$	—
Commercial real estate		10,336		10,336		—
Commercial & industrial		—		—		—
Total	$	10,992	$	10,845	$	—

	Unpaid Principal				Allowance for Loan
At December 31, 2020	Balance		Recorded Investment		Losses Allocated
With an allowance recorded:
One-to-four family	$	610		480		53
Consumer		2,197		2,197		1,203
Commercial & industrial		4,192		4,192		3,662
Total	$	6,999	$	6,869	$	4,918
Without an allowance recorded:
One-to-four family		666		519		—
Commercial real estate		10,345		10,345		—
Commercial & industrial		—		—		—
Total	$	11,011	$	10,864	$	—

Schedule of average recorded investment and interest income of loans

	Average Recorded		Interest Income
Three months ended June 30, 2021	Investment		Recognized
With an allowance recorded:
One-to-four family	$	465		4
Consumer		2,140		29
Commercial & industrial		3,145		—
Total	$	5,750	$	33
Without an allowance recorded:
One-to-four family	$	511	$	7
Commercial real estate		10,339		37
Commercial & industrial		192		—
Total	$	11,042	$	44

	Average Recorded		Interest Income
Three months ended June 30, 2020	Investment		Recognized
With an allowance recorded:
One-to-four family	$	494	$	3
Consumer		1,147		27
Commercial & industrial		3,765		—
Total	$	5,406	$	30
Without an allowance recorded:
One-to-four family	$	528	$	-
Commercial real estate		363		-
Commercial & industrial		2,377		-
Total	$	3,268	$	-

	Average Recorded		Interest Income
Six months ended June 30, 2021	Investment		Recognized
With an allowance recorded:
One-to-four family	$	470	$	12
Consumer		2,159		58
Commercial & industrial		3,494		-
Total	$	6,123	$	70
Without an allowance recorded:
One-to-four family	$	514	$	13
Commercial real estate		10,341		204
Commercial & industrial		128		-
Total	$	10,983	$	217

	Average Recorded		Interest Income
Six months ended June 30, 2020	Investment		Recognized
With an allowance recorded:
One-to-four family	$	497	$	8
Consumer		1,008		31
Commercial & industrial		2,859		—
Total	$	4,364	$	39
Without an allowance recorded:
One-to-four family	$	1,312	$	10
Commercial real estate		364		4
Total	$	1,676	$	14

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

At June 30, 2021	Non-accrual		Loans Past Due Over 90 Days Still Accruing
Commercial & industrial	$	3,337	$	—
Consumer		1,560		594
Total	$	4,897	$	594

At December 31, 2020	Non-accrual			Loans Past Due Over 90 Days Still Accruing
Commercial & industrial	$	4,192	$	—
Consumer		1,428		769
Total	$	5,620	$	769

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 June 30, 2021	Days		Days		days		due		loans		Total
Commercial real estate	$	9,984	$	—	$	—	$	9,984	$	2,176,324	$	2,186,308
Commercial & industrial		8,044		9,959		3,337		21,340		579,505		600,845
Construction		—		—		—		—		139,992		139,992
Multifamily		—		—		—		—		426,716		426,716
One-to-four family		—		—		—		—		63,833		63,833
Consumer		34		26		2,154		2,214		35,918		38,132
Total	$	18,062	$	9,985	$	5,491	$	33,538	$	3,422,288	$	3,455,826

					Greater
	30-59		60-89		than 90		Total past		Current
At December 31, 2020	Days		Days		days		due		loans		Total
Commercial real estate	$	40	$	9,984	$	—	$	10,024	$	1,877,481	$	1,887,505
Commercial & industrial		4,429		6,400		4,192		15,021		576,479		591,500
Construction		—		—		—		—		112,290		112,290
Multifamily		—		—		—		—		433,239		433,239
One-to-four family		2,908		—		—		2,908		68,446		71,354
Consumer		112		32		2,197		2,341		44,090		46,431
Total	$	7,489	$	16,416	$	6,389	$	30,294	$	3,112,025	$	3,142,319

Schedule of recorded investment in TDRs by class of loans

	June 30, 2021		December 31, 2020
Troubled debt restructurings:
Real Estate:
Commercial real estate	$	352	$	361
One-to-four family		970		999
Total troubled debt restructurings	$	1,322	$	1,360

Schedule of risk category of loans by class of loans

			Special
At June 30, 2021	Pass		Mention		Substandard		Doubtful			Total
Commercial real estate	$	2,175,972	$	352	$	9,984	$	—	$	2,186,308
Commercial & industrial		593,314		4,194		—		3,337		600,845
Construction		139,992		—		—		—		139,992
Multifamily		426,716		—		—		—		426,716
Total	$	3,335,994	$	4,546	$	9,984	$	3,337	$	3,353,861

			Special
At December 31, 2020	Pass		Mention		Substandard		Doubtful			Total
Commercial real estate	$	1,877,160	$	361	$	9,984	$	—	$	1,887,505
Commercial & industrial		583,809		3,499		—		4,192		591,500
Construction		112,290		—		—		—		112,290
Multi-family		433,239		—		—		—		433,239
Total	$	3,006,498	$	3,860	$	9,984	$	4,192	$	3,024,534