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				Multi		One-to-four
Three months ended September 30, 2022	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Beginning balance	$	25,945	$	9,144	$	2,587	$	2,539	$	102	$	217	$	40,534
Provision/(credit) for loan losses		1,019		954		(55)		103		(3)		(11)		2,007
Loans charged-off		—		—		—		—		—		—		—
Recoveries		—		—		—		—		—		—		—
Total ending allowance balance	$	26,964	$	10,098	$	2,532	$	2,642	$	99	$	206	$	42,541


	Commercial		Commercial				Multi		One-to-four
Three months ended September 30, 2021	Real Estate		& Industrial		Construction		Family		Family		Consumer		Total
Allowance for loan losses:
Beginning balance	$	20,299	$	10,545	$	1,972	$	2,618	$	169	$	1,774	$	37,377
Provision/(credit) for loan losses		1,169		(440)		129		(331)		(13)		(24)		490
Loans charged-off		—		—		—		—		—		(54)		(54)
Recoveries		—		308		—		—		—		—		308
Total ending allowance balance	$	21,468	$	10,413	$	2,101	$	2,287	$	156	$	1,696	$	38,121


	Commercial		Commercial						One-to-four
Nine months ended September 30, 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		4,748		2,390		427		486		(41)		(203)		7,807
Loans charged-off		—		—		—		—		—		—		—
Recoveries		—		—		—		—		—		5		5
Total ending allowance balance	$	26,964	$	10,098	$	2,532	$	2,642	$	99	$	206	$	42,541


	Commercial		Commercial						One-to-four
Nine months ended September 30, 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		4,225		(1,163)		508		(374)		(50)		169		3,315
Loans charged-off		—		(855)		—		—		—		(54)		(909)
Recoveries		—		308		—		—		—		—		308
Total ending allowance balance	$	21,468	$	10,413	$	2,101	$	2,287	$	156	$	1,696	$	38,121

Schedule of loans determined to be impaired by class of loans

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


					Allowance
	Unpaid				for Loan
	Principal		Recorded		Losses
At September 30, 2022	Balance		Investment		Allocated
With an allowance recorded:
Consumer	$	24	$	24	$	24
Total	$	24	$	24	$	24

Without an allowance recorded:
One-to-four family	$	1,187	$	911	$	—
CRE		28,422		28,422		—
Total	$	29,609	$	29,333	$	—


					Allowance
	Unpaid				for Loan
	Principal		Recorded		Losses
At December 31, 2021	Balance		Investment		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	$	—
CRE		38,518		38,518		—
Total	$	39,164	$	39,017	$	—


	Average		Interest
	Recorded		Income
Three months ended September 30, 2022	Investment		Recognized
With an allowance recorded:
Consumer	$	24	$	—
Total	$	24	$	—

Without an allowance recorded:
One-to-four family	$	916	$	9
CRE		28,486		273
Total	$	29,402	$	282

Three months ended September 30, 2021
With an allowance recorded:
One-to-four family	$	458	$	4
Consumer		2,103		26
C&I		3,145		—
Total	$	5,706	$	30

Without an allowance recorded:
One-to-four family	$	506	$	7
CRE		10,335		2
C&I		96		—
Total	$	10,937	$	9


	Average		Interest
	Recorded		Income
Nine months ended September 30, 2022	Investment		Recognized
With an allowance recorded:
One-to-four family	$	—	$	—
Consumer	$	93	$	—
Total	$	93	$	—

Without an allowance recorded:
One-to-four family	$	816	$	26
CRE		30,992		769
Total	$	31,808	$	795

Nine months ended September 30, 2021
With an allowance recorded:
One-to-four family	$	466	$	16
Consumer		2,132		84
C&I		3,407		—
Total	$	6,005	$	100

Without an allowance recorded:
One-to-four family	$	511	$	20
CRE		10,339		207
C&I		96		—
Total	$	10,946	$	227

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 September 30, 2022	Days		Days		greater		due		loans		Total
Commercial real estate	$	—	$	—	$	—	$	—	$	3,061,089	$	3,061,089
Commercial & industrial		160		—		—		160		869,055		869,215
Construction		—		—		—		—		183,379		183,379
Multi-family		—		—		—		—		438,766		438,766
One-to-four family		—		—		—		—		50,272		50,272
Consumer		27		5		24		56		26,050		26,106
Total	$	187	$	5	$	24	$	216	$	4,628,611	$	4,628,827


					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 September 30, 2022	Pass		Mention		Substandard		Doubtful			Total
Commercial real estate	$	3,032,666	$	330	$	28,093	$	—	$	3,061,089
Commercial & industrial		861,216		7,999		—		—		869,215
Construction		183,379		—		—		—		183,379
Multi-family		438,766		—		—		—		438,766
Total	$	4,516,027	$	8,329	$	28,093	$	—	$	4,552,449


			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