LOANS AND ALLOWANCE FOR LOAN LOSSES

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

The following tables present the activity in the ALLL by segment. The portfolio segments represent the categories that the Company uses to determine its ALLL (in thousands):


	Commercial		Commercial						One-to-four
Three months ended March 31, 2022	Real Estate		& Industrial		Construction		Multi-family		Family		Consumer		Total
Allowance for loan losses:
Beginning balance	$	22,216	$	7,708	$	2,105	$	2,156	$	140	$	404	$	34,729
Provision (credit) for loan losses		2,504		780		224		100		(36)		(172)		3,400
Loans charged-off		—		—		—		—		—		—		—
Recoveries		—		—		—		—		—		5		5
Total ending allowance balance	$	24,720	$	8,488	$	2,329	$	2,256	$	104	$	237	$	38,134


	Commercial		Commercial						One-to-four
Three months ended March 31, 2021	Real Estate		& Industrial		Construction		Multi-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		1,098		(441)		114		71		(28)		136		950
Loans charged-off		—		(855)		—		—		—		—		(855)
Recoveries		—		—		—		—		—		—		—
Total ending allowance balance	$	18,341	$	10,827	$	1,707	$	2,732	$	178	$	1,717	$	35,502

Schedule of loans determined to be impaired by class of loans

The following tables present loans individually evaluated for impairment recognized (in thousands):


	Unpaid				Allowance
	Principal		Recorded		for Loan
At March 31, 2022	Balance		Investment		Losses Allocated
With an allowance recorded:
One-to-four family	$	570	$	440	$	—
Consumer		24		24		24
Total	$	594	$	464	$	24

Without an allowance recorded:
One-to-four family	$	641	$	493	$	—
Commercial real estate		28,477		28,478		—
Total	$	29,118	$	28,971	$	—


	Unpaid				Allowance
	Principal		Recorded		for Loan
At December 31, 2021	Balance		Investment		Losses Allocated
With an allowance recorded:
One-to-four family	$	577	$	447	$	26
Consumer		302		302		170
Total	$	879	$	749	$	196

Without an allowance recorded:
One-to-four family	$	646	$	499	$	—
Commercial real estate		38,518		38,518		—
Total	$	39,164	$	39,017	$	—


	Average		Interest
	Recorded		Income
Three months ended March 31, 2022	Investment		Recognized
With an allowance recorded:
One-to-four family	$	224	$	3
Consumer		163		—
Total	$	387	$	3

Without an allowance recorded:
One-to-four family	$	716	$	6
Commercial real estate		33,498		230
Total	$	34,214	$	236

	Average		Interest
	Recorded		Income
Three months ended March 31, 2021	Investment		Recognized
With an allowance recorded:
One-to-four family	$	474	$	8
Consumer		2,162		29
Commercial & industrial		3,669		—
Total	$	6,305	$	37

Without an allowance recorded:
One-to-four family	$	516	$	7
Commercial real estate		10,343		167
Commercial and industrial		96		—
Total	$	10,955	$	174

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

The following tables present the aging of the recorded investment in past due loans by class of loans (in thousands):


					90
	30-59		60-89		Days and		Total past		Current
At March 31, 2022	Days		Days		greater		due		loans		Total
Commercial real estate	$	—	$	—	$	—	$	—	$	2,782,092	$	2,782,092
Commercial & industrial		111		—		—		111		723,513		723,624
Construction		—		—		—		—		168,760		168,760
Multi-family		—		—		—		—		373,095		373,095
One-to-four family		—		—		—		—		52,819		52,819
Consumer		73		—		24		97		29,591		29,688
Total	$	184	$	—	$	24	$	208	$	4,129,870	$	4,130,078


					90
	30-59		60-89		Days and		Total past		Current
At December 31, 2021	Days		Days		greater		due		loans		Total
Commercial real estate	$	—	$	—	$	9,984	$	9,984	$	2,478,398	$	2,488,382
Commercial & industrial		151		—		—		151		654,384		654,535
Construction		—		—		—		—		151,791		151,791
Multi-family		—		—		—		—		355,290		355,290
One-to-four family		—		—		—		—		57,163		57,163
Consumer		93		94		302		489		31,877		32,366
Total	$	244	$	94	$	10,286	$	10,624	$	3,728,903	$	3,739,527

Schedule of risk category of loans by class of loans

Loans not meeting the criteria above are considered to be pass-rated loans. Based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands):


			Special
At March 31, 2022	Pass		Mention		Substandard		Doubtful			Total
Commercial real estate	$	2,753,614	$	339	$	28,139	$	—	$	2,782,092
Commercial & industrial		719,399		4,225		—		—		723,624
Construction		168,760		—		—		—		168,760
Multi-family		373,095		—		—		—		373,095
Total	$	4,014,868	$	4,564	$	28,139	$	—	$	4,047,571


			Special
At December 31, 2021	Pass		Mention		Substandard		Doubtful			Total
Commercial real estate	$	2,449,864	$	342	$	38,176	$	—	$	2,488,382
Commercial & industrial		646,251		4,177		4,107		—		654,535
Construction		151,791		—		—		—		151,791
Multi-family		355,290		—		—		—		355,290
Total	$	3,603,196	$	4,519	$	42,283	$	—	$	3,649,998