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Loans (Tables)

12 Months Ended

Dec. 31, 2019

Loans held-for-investment, net, consists of the following (in thousands):



	December 31,
	2019			2018
Originated loans:
Real estate loans:
Multifamily	$	2,196,407		$	1,930,535
Commercial mortgage	528,681			499,311
One-to-four family residential mortgage	83,742			91,371
Home equity and lines of credit	84,928			78,593
Construction and land	38,284			26,552
Total real estate loans	2,932,042			2,626,362
Commercial and industrial loans	45,328			44,104
Other loans	2,083			1,519
Total commercial and industrial and other loans	47,411			45,623
Deferred loan cost, net	7,614			6,892
Originated loans held-for-investment, net	2,987,067			2,678,877
PCI Loans	17,365			20,143
Loans acquired:
One-to-four family residential mortgage	187,975			225,877
Multifamily	108,417			145,485
Commercial mortgage	113,027			133,263
Home equity and lines of credit	12,008			17,583
Construction and land	2,537			12,003
Total acquired real estate loans	423,964			534,211
Commercial and industrial loans	8,689			11,933
Other loans	—			6
Total loans acquired	432,653			546,150
Loans held for investment, net	3,437,085			3,245,170
Allowance for loan losses	(28,707		)	(27,497		)
Net loans held-for-investment	$	3,408,378		$	3,217,673

Summary of Changes in Accretable Yields of Acquired Loans

The following details the accretable yield (in thousands):



	For The Year Ended December 31,
	2019			2018
Balance at the beginning of year	$	21,846		$	24,502
Accretion into interest income	(4,142		)	(4,176		)
Net reclassification from non-accretable difference⁽¹⁾	(618		)	1,520
Balance at end of year	$	17,086		$	21,846

(1) Reclassifications of the non-accretable difference to the accretable yield may occur subsequent to the loan acquisition dates due to increases in expected cash flows of the loans.

Activity In Allowance For Loan Losses

A summary of changes in the allowance for loan losses for the years ended December 31, 2019, 2018, and 2017 follows (in thousands):



	Year Ended December 31,
	2019			2018			2017
Balance at beginning of year	$	27,497		$	26,160		$	24,595
Provision for loan losses	22			2,615			1,411
Recoveries	2,175			112			556
Charge-offs	(987		)	(1,390		)	(402		)
Balance at end of year	$	28,707		$	27,497		$	26,160

The following table sets forth activity in our allowance for loan losses, by loan type, for the years ended December 31, 2019 and 2018. The following table also details the amount of loans receivable held-for-investment, net of deferred loan fees and costs, that are evaluated individually, and collectively, for impairment, and the related portion of allowance for loan losses that is allocated to each loan portfolio segment (in thousands):



	Year Ended December 31, 2019
	Real Estate
	Commercial			One-to-Four Family			Construction and Land		Multifamily		Home Equity and Lines of Credit		Commercial and Industrial			Other			Originated Loans Total			PCI			Acquired Loans			Total
Allowance for loan losses:
Beginning Balance	$	5,630		$	342		$	463	$	18,084	$	291	$	1,569		$	108		$	26,487		$	1,010		$	—		$	27,497
Charge-offs	(520		)	—			—		—		—		(100		)	(123		)	(743		)	—			(244		)	(987		)
Recoveries	98			72			—		1,818		—		20			1			2,009			—			166			2,175
Provisions (credit)	(452		)	(234		)	73		301		26		151			165			30			(221		)	213			22
Ending Balance	$	4,756		$	180		$	536	$	20,203	$	317	$	1,640		$	151		$	27,783		$	789		$	135		$	28,707
Ending balance: individually evaluated for impairment	$	—		$	—		$	—	$	—	$	3	$	4		$	—		$	7		$	—		$	135		$	142
Ending balance: collectively evaluated for impairment	$	4,756		$	180		$	536	$	20,203	$	314	$	1,636		$	151		$	27,776		$	789		$	—		$	28,565
Loans, net:
Ending Balance	$	529,287		$	85,355		$	38,303	$	2,199,734	$	86,848	$	45,456		$	2,084		$	2,987,067		$	17,365		$	432,653		$	3,437,085
Ending balance: individually evaluated for impairment	$	13,226		$	1,841		$	—	$	997	$	55	$	58		$	—		$	16,177		$	—		$	4,780		$	20,957
Ending balance: collectively evaluated for impairment	$	516,061		$	83,514		$	38,303	$	2,198,737	$	86,793	$	45,398		$	2,084		$	2,970,890		$	17,365		$	427,873		$	3,416,128



	Year Ended December 31, 2018
	Real Estate
	Commercial			One-to-Four Family			Construction and Land			Multifamily		Home Equity and Lines of Credit			Commercial and Industrial			Other		Originated Loans Total			PCI		Acquired Loans			Total
Allowance for loan losses:
Beginning Balance	$	5,196		$	503		$	610		$	17,374	$	122		$	1,273		$	94	$	25,172		$	951	$	37		$	26,160
Charge-offs	(1,256		)	(3		)	—			—		(60		)	(70		)	—		(1,389		)	—		(1		)	(1,390		)
Recoveries	49			4			—			26		—			20			—		99			—		13			112
Provisions (credit)	1,641			(162		)	(147		)	684		229			346			14		2,605			59		(49		)	2,615
Ending Balance	$	5,630		$	342		$	463		$	18,084	$	291		$	1,569		$	108	$	26,487		$	1,010	$	—		$	27,497
Ending balance: individually evaluated for impairment	$	—		$	18		$	—		$	—	$	5		$	3		$	—	$	26		$	—	$	—		$	26
Ending balance: collectively evaluated for impairment	$	5,630		$	324		$	463		$	18,084	$	286		$	1,566		$	108	$	26,461		$	1,010	$	—		$	27,471
Loans, net:
Ending Balance	$	499,860		$	92,433		$	26,613		$	1,933,946	$	80,315		$	44,190		$	1,520	$	2,678,877		$	20,143	$	546,150		$	3,245,170
Ending balance: individually evaluated for impairment	$	15,252		$	1,893		$	—		$	1,268	$	61		$	73		$	—	$	18,547		$	—	$	3,782		$	22,329
Ending balance: collectively evaluated for impairment	$	484,608		$	90,540		$	26,613		$	1,932,678	$	80,254		$	44,117		$	1,520	$	2,660,330		$	20,143	$	542,368		$	3,222,841

Investment of Originated Loans Held-for-Investment, Net of Deferred Fees and Costs, by Loan Type and Credit Quality Indicator

The following table details the recorded investment of originated loans receivable held-for-investment, net of deferred fees and costs, by loan type and credit quality indicator at December 31, 2019 and 2018 (in thousands):



	At December 31, 2019
	Real Estate
	Multifamily				Commercial				One-to-Four Family				Construction and Land		Home Equity and Lines of Credit		Commercial and Industrial		Other		Total
	< 35% LTV		=> 35% LTV		< 35% LTV		=> 35% LTV		< 60% LTV		=> 60% LTV
Internal Risk Rating
Pass	$	232,950	$	1,960,984	$	79,485	$	440,065	$	52,886	$	29,967	$	38,303	$	86,547	$	45,075	$	2,084	$	2,968,346
Special Mention	—		296		370		1,092		777		—		—		14		301		—		2,850
Substandard	301		5,203		—		8,275		1,397		328		—		287		80		—		15,871
Originated loans held-for-investment, net	$	233,251	$	1,966,483	$	79,855	$	449,432	$	55,060	$	30,295	$	38,303	$	86,848	$	45,456	$	2,084	$	2,987,067

	At December 31, 2018
	Real Estate
	Multifamily				Commercial				One-to-Four Family				Construction and Land		Home Equity and Lines of Credit		Commercial and Industrial		Other		Total
	< 35% LTV		=> 35% LTV		< 35% LTV		=> 35% LTV		< 60% LTV		=> 60% LTV
Internal Risk Rating
Pass	$	170,832	$	1,756,882	$	78,917	$	409,155	$	54,912	$	34,808	$	26,613	$	80,077	$	43,640	$	1,520	$	2,657,356
Special Mention	—		613		395		1,137		747		—		—		27		430		—		3,349
Substandard	—		5,619		—		10,256		1,406		560		—		211		120		—		18,172
Originated loans held-for-investment, net	$	170,832	$	1,763,114	$	79,312	$	420,548	$	57,065	$	35,368	$	26,613	$	80,315	$	44,190	$	1,520	$	2,678,877

Estimated Expected Future Cash Flows of Each PCI Loan Pool

The following table sets forth the detail, and delinquency status, of originated and acquired non-performing loans (non-accrual loans and loans past due ninety days or more and still accruing), net of deferred fees and costs, at December 31, 2019 and 2018 (in thousands), excluding PCI loans which have been segregated into pools. For PCI loans, each loan pool is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows.



	At December 31, 2019
	Total Non-Performing Loans
	Non-Accruing Loans
	0-29 Days Past Due		30-89 Days Past Due		90 Days or More Past Due		Total		90 Days or More Past Due and Accruing		Total Non-Performing Loans
Loans held-for-investment:
Real estate loans:
Commercial
LTV < 35%
Substandard	$	—	$	—	$	2,416	$	2,416	$	—	$	2,416
Total commercial	—		—		2,416		2,416		—		2,416
One-to-four family residential
LTV < 60%
Substandard	—		—		493		493		114		607
Total	—		—		493		493		114		607
LTV => 60%
Substandard	—		29		—		29		—		29
Total one-to-four family residential	—		29		493		522		114		636
Construction and land
Home equity and lines of credit
Substandard	—		67		89		156		—		156
Total home equity and lines of credit	—		67		89		156		—		156
Total non-performing loans held-for-investment, originated	—		96		2,998		3,094		114		3,208
Loans acquired:
Real Estate Loans:
Commercial
LTV < 35%
Substandard	79		—		188		267		66		333
LTV => 35%
Substandard	3,530		—		1,709		5,239		187		5,426
Total commercial	3,609		—		1,897		5,506		253		5,759
One-to-four family residential
LTV < 60%
Substandard	190		—		85		275		151		426
Total	190		—		85		275		151		426
LTV => 60%
Substandard	—		—		93		93		—		93
Total one-to-four family residential	190		—		178		368		151		519
Multifamily
LTV < 35%
Substandard	40		—		—		40		—		40
LTV => 35%
Substandard	—		397		—		397		—		397
Total multifamily	40		397		—		437		—		437
Home equity and lines of credit
Substandard	—		—		28		28		—		28
Total home equity and lines of credit	—		—		28		28		—		28
Total non-performing loans acquired	3,839		397		2,103		6,339		404		6,743
Total non-performing loans	$	3,839	$	493	$	5,101	$	9,433	$	518	$	9,951



	At December 31, 2018
	Total Non-Performing Loans
	Non-Accruing Loans
	0-29 Days Past Due		30-89 Days Past Due		90 Days or More Past Due		Total		90 Days or More Past Due and Accruing		Total Non-Performing Loans
Loans held-for-investment:
Real estate loans:
Commercial
LTV => 35%
Substandard	$	—	$	287	$	2,588	$	2,875	$	—	$	2,875
Total commercial	—		287		2,588		2,875		—		2,875
One-to-four family residential
LTV < 60%
Substandard	—		432		77		509		—		509
LTV => 60%
Substandard	—		32		—		32		—		32
Total one-to-four family residential	—		464		77		541		—		541
Home equity and lines of credit
Substandard	75		—		—		75		—		75
Total home equity and lines of credit	75		—		—		75		—		75
Commercial and industrial loans
Substandard	—		—		25		25		—		25
Total commercial and industrial loans	—		—		25		25		—		25
Total non-performing loans held-for-investment, originated	75		751		2,690		3,516		—		3,516
Loans acquired:
Real Estate Loans:
Commercial
LTV < 35%
Substandard	87		—		194		281		—		281
LTV => 35%
Substandard	—		764		3,371		4,135		—		4,135
Total commercial	87		764		3,565		4,416		—		4,416
One-to-four family residential
LTV < 60%
Substandard	—		199		169		368		6		374
LTV => 60%
Substandard	126		—		93		219		27		246
Total one-to-four family residential	126		199		262		587		33		620
Multifamily
LTV < 35%
Substandard	152		—		—		152		—		152
LTV => 35%
Substandard	—		414		—		414		—		414
Total multifamily	152		414		—		566		—		566
Home equity and lines of credit
Substandard	—		—		77		77		—		77
Total home equity and lines of credit	—		—		77		77		—		77
Total non-performing loans acquired	365		1,377		3,904		5,646		33		5,679
Total non-performing loans	$	440	$	2,128	$	6,594	$	9,162	$	33	$	9,195

Detail and Delinquency Status of Originated Loans Held-For-Investment, Net of Deferred Fees and Costs, by Performing and Non-Performing Loans

The following table sets forth the detail and delinquency status of originated and acquired loans, net of deferred fees and costs, by performing and non-performing loans at December 31, 2019 and 2018 (in thousands):



	December 31, 2019
	Performing (Accruing) Loans
	0-29 Days Past Due		30-89 Days Past Due		Total		Non-Performing Loans		Total Loans Receivable, net
Loans held-for-investment:
Real estate loans:
Commercial
LTV < 35%
Pass	$	79,383	$	102	$	79,485	$	—	$	79,485
Special Mention	370		—		370		—		370
Total	79,753		102		79,855		—		79,855
LTV => 35%
Pass	439,253		812		440,065		—		440,065
Special Mention	1,092		—		1,092		—		1,092
Substandard	5,228		631		5,859		2,416		8,275
Total	445,573		1,443		447,016		2,416		449,432
Total commercial	525,326		1,545		526,871		2,416		529,287
One-to-four family residential
LTV < 60%
Pass	52,757		129		52,886		—		52,886
Special Mention	—		777		777		—		777
Substandard	790		—		790		607		1,397
Total	53,547		906		54,453		607		55,060
LTV => 60%
Pass	29,741		226		29,967		—		29,967
Substandard	299		—		299		29		328
Total	30,040		226		30,266		29		30,295
Total one-to-four family residential	83,587		1,132		84,719		636		85,355
Construction and land
Pass	38,156		147		38,303		—		38,303
Total construction and land	38,156		147		38,303		—		38,303
Multifamily
LTV < 35%
Pass	232,658		292		232,950		—		232,950
Substandard	301		—		301		—		301
Total	232,959		292		233,251		—		233,251
LTV= > 35%
Pass	1,960,729		255		1,960,984		—		1,960,984
Special Mention	296		—		296		—		296
Substandard	5,203		—		5,203		—		5,203
Total	1,966,228		255		1,966,483		—		1,966,483
Total multifamily	2,199,187		547		2,199,734		—		2,199,734
Home equity and lines of credit
Pass	86,380		167		86,547		—		86,547
Special Mention	14		—		14		—		14
Substandard	131		—		131		156		287
Total home equity and lines of credit	86,525		167		86,692		156		86,848
Commercial and industrial loans
Pass	44,886		189		45,075		—		45,075
Special Mention	301		—		301		—		301
Substandard	80		—		80		—		80
Total commercial and industrial loans	45,267		189		45,456		—		45,456



	December 31, 2019
	Performing (Accruing) Loans
	0-29 Days Past Due		30-89 Days Past Due		Total		Non-Performing Loans		Total Loans Receivable, net

Other loans
Pass	2,058		26		2,084		—		2,084
Total other loans	2,058		26		2,084		—		2,084
Total originated loans held-for-investment	2,980,106		3,753		2,983,859		3,208		2,987,067

Acquired loans:
One-to-four family residential
LTV < 60%
Pass	172,882		73		172,955		—		172,955
Special Mention	—		385		385		—		385
Substandard	—		—		—		426		426
Total	172,882		458		173,340		426		173,766
LTV => 60%
Pass	14,116		—		14,116		—		14,116
Substandard	—		—		—		93		93
Total	14,116		—		14,116		93		14,209
Total one-to-four family residential	186,998		458		187,456		519		187,975
Commercial
LTV < 35%
Pass	35,173		287		35,460		—		35,460
Special Mention	994		194		1,188		—		1,188
Substandard	369		—		369		334		703
Total	36,536		481		37,017		334		37,351
LTV => 35%
Pass	60,311		—		60,311		—		60,311
Special Mention	134		464		598		—		598
Substandard	6,382		2,960		9,342		5,425		14,767
Total	66,827		3,424		70,251		5,425		75,676
Total commercial	103,363		3,905		107,268		5,759		113,027
Construction and land
Pass	2,537		—		2,537		—		2,537
Total construction and land	2,537		—		2,537		—		2,537
Multifamily
LTV < 35%
Pass	105,327		—		105,327		—		105,327
Substandard	—		—		—		40		40
Total	105,327		—		105,327		40		105,367
LTV => 35%
Pass	2,653		—		2,653		—		2,653
Substandard	—		—		—		397		397
Total	2,653		—		2,653		397		3,050
Total multifamily	107,980		—		107,980		437		108,417
Home equity and lines of credit
Pass	11,842		50		11,892		—		11,892
Substandard	88		—		88		28		116
Total home equity and lines of credit	11,930		50		11,980		28		12,008
Commercial and industrial
Pass	8,649		40		8,689		—		8,689
Total commercial and industrial	8,649		40		8,689		—		8,689
Other	—		—		—		—		—
Total loans acquired	421,457		4,453		425,910		6,743		432,653
	$	3,401,563	$	8,206	$	3,409,769	$	9,951	$	3,419,720



	December 31, 2018
	Performing (Accruing) Loans
	0-29 Days Past Due		30-89 Days Past Due		Total		Non-Performing Loans		Total Loans Receivable, net
Loans held-for-investment:
Real estate loans:
Commercial
LTV < 35%
Pass	$	78,699	$	218	$	78,917	$	—	$	78,917
Special Mention	—		395		395		—		395
Total	78,699		613		79,312		—		79,312
LTV => 35%
Pass	408,830		325		409,155		—		409,155
Special Mention	1,137		—		1,137		—		1,137
Substandard	7,381		—		7,381		2,875		10,256
Total	417,348		325		417,673		2,875		420,548
Total commercial	496,047		938		496,985		2,875		499,860
One-to-four family residential
LTV < 60%
Pass	54,576		336		54,912		—		54,912
Special Mention	—		747		747		—		747
Substandard	896		—		896		510		1,406
Total	55,472		1,083		56,555		510		57,065
LTV => 60%
Pass	34,576		232		34,808		—		34,808
Substandard	528		—		528		32		560
Total	35,104		232		35,336		32		35,368
Total one-to-four family residential	90,576		1,315		91,891		542		92,433
Construction and land
Pass	26,613		—		26,613		—		26,613
Total construction and land	26,613		—		26,613		—		26,613
Multifamily
LTV < 35%
Pass	170,534		298		170,832		—		170,832
Total	170,534		298		170,832		—		170,832
LTV => 35%
Pass	1,756,443		439		1,756,882		—		1,756,882
Special Mention	613		—		613		—		613
Substandard	4,390		1,229		5,619		—		5,619
Total	1,761,446		1,668		1,763,114		—		1,763,114
Total multifamily	1,931,980		1,966		1,933,946		—		1,933,946
Home equity and lines of credit
Pass	80,077		—		80,077		—		80,077
Special Mention	27		—		27		—		27
Substandard	137		—		137		74		211
Total home equity and lines of credit	80,241		—		80,241		74		80,315
Commercial and industrial loans
Pass	43,640		—		43,640		—		43,640
Special Mention	430		—		430		—		430
Substandard	95		—		95		25		120
Total Commercial and industrial loans	44,165		—		44,165		25		44,190
Other loans
Pass	1,518		2		1,520		—		1,520
Total other loans	1,518		2		1,520		—		1,520
Total originated loans held-for-investment	2,671,140		4,221		2,675,361		3,516		2,678,877



	December 31, 2018
	Performing (Accruing) Loans
	0-29 Days Past Due		30-89 Days Past Due		Total		Non-Performing Loans		Total Loans Receivable, net
Loans acquired:
One-to-four family residential
LTV < 60%
Pass	202,471		2,799		205,270		—		205,270
Special Mention	415		—		415		—		415
Substandard	62		6		68		374		442
Total	202,948		2,805		205,753		374		206,127
LTV => 60%
Pass	19,504		—		19,504		—		19,504
Substandard	—		—		—		246		246
Total	19,504		—		19,504		246		19,750
Total one-to-four family residential	222,452		2,805		225,257		620		225,877
Commercial
LTV < 35%
Pass	41,071		—		41,071		—		41,071
Special Mention	1,079		—		1,079		—		1,079
Substandard	1,185		151		1,336		281		1,617
Total	43,335		151		43,486		281		43,767
LTV => 35%
Pass	73,986		749		74,735		—		74,735
Special Mention	4,315		128		4,443		—		4,443
Substandard	5,772		411		6,183		4,135		10,318
Total	84,073		1,288		85,361		4,135		89,496
Total commercial	127,408		1,439		128,847		4,416		133,263
Construction and land
Substandard	12,003		—		12,003		—		12,003
Total construction and land	12,003		—		12,003		—		12,003
Multifamily
LTV < 35%
Pass	137,141		—		137,141		—		137,141
Special Mention	—		52		52		—		52
Substandard	—		—		—		152		152
Total	137,141		52		137,193		152		137,345
LTV => 35%
Pass	7,726		—		7,726		—		7,726
Special Mention	—		—		—		414		414
Total	7,726		—		7,726		414		8,140
Total multifamily	144,867		52		144,919		566		145,485
Home equity and lines of credit
Pass	17,427		—		17,427		—		17,427
Substandard	79		—		79		77		156
Total home equity and lines of credit	17,506		—		17,506		77		17,583
Commercial and industrial loans
Pass	11,888		45		11,933		—		11,933
Total Commercial and industrial loans	11,888		45		11,933		—		11,933
Other loans
Pass	6		—		6		—		6
Total loans acquired	536,130		4,341		540,471		5,679		546,150
	$	3,207,270	$	8,562	$	3,215,832	$	9,195	$	3,225,027

Summary of Impaired Loans

The following table summarizes the average recorded investment in originated and acquired impaired loans (excluding PCI loans) and interest recognized on impaired loans as of, and for, the years ended December 31, 2019, and December 31, 2018 (in thousands):



	December 31, 2019				December 31, 2018
	Average Recorded Investment		Interest Income		Average Recorded Investment		Interest Income
With No Allowance Recorded:
Real estate loans:
Commercial
LTV => 35%
Pass	$	5,757	$	312	$	5,218	$	255
Substandard	11,012		237		10,582		404
One-to-four family residential
LTV < 60%
Pass	1,586		66		1,403		62
Special Mention	155		23		—
Substandard	302		29		246		12
One-to-four family residential
LTV => 60%
Pass	125		4		186		7
Substandard	81		8		129		13
Multifamily
LTV < 35%
Substandard	64		2		152		6
LTV => 35%
Pass	32		15		296		16
Substandard	1,075		61		987		67
Home equity and lines of credit
Pass	25		1		31		2
Commercial and industrial loans
Substandard	45		—		100		—
With a Related Allowance Recorded:
Real estate loans:
Commercial
LTV => 35%
Pass	—		—		880		76
Substandard	991		17		267		—
One-to-four family residential
LTV < 60%
Pass	—				164
Substandard	338		—		733		19
LTV => 60%
Pass	—		—		54
Home equity and lines of credit
Substandard	33		2		34		2
Commercial and industrial loans
Special Mention	20		1		23		1
Total:
Real estate loans:
Commercial	17,760		566		16,947		735
One-to-four family residential	2,587		130		2,915		113
Multifamily	1,171		78		1,435		89
Home equity and lines of credit	58		3		65		4
Commercial and industrial loans	65		1		123		1
	$	21,641	$	778	$	21,485	$	942

The following table summarizes originated and acquired (subsequent to acquisition) impaired loans as of December 31, 2019 and 2018 (in thousands):



	At December 31, 2019							December 31, 2018
	Recorded Investment		Unpaid Principal Balance		Related Allowance			Recorded Investment		Unpaid Principal Balance		Related Allowance
With No Allowance Recorded:
Real estate loans:
Commercial
LTV < 35%
Substandard	$	—	$	139	$	—		$	—	$	139	$	—
LTV => 35%
Pass	5,582		6,468		—			5,931		6,817		—
Substandard	10,438		11,002		—			12,160		15,028		—
One-to-four family residential
LTV < 60%
Pass	1,379		1,463		—			1,532		1,606		—
Special Mention	385		385		—			—		—		—
Substandard	564		564		—			241		241		—
LTV => 60%
Pass	122		154		—			129		158		—
Substandard	29		29		—			126		278		—
Multifamily
LTV < 35%
Substandard	40		40		—			152		152		—
LTV => 35%
Pass	26		496		—			38		509		—
Substandard	972		972		—			1,229		1,229		—
Home Equity
Pass	22		22		—			28		28		—
Commercial and industrial loans
Substandard	39		39		—			52		119		—
With a Related Allowance Recorded:
Real estate loans:
Commercial
LTV => 35%
Substandard	1,307		1,307		(135		)	—		—		—
One-to-four family residential
LTV < 60%
Substandard	—		—		—			657		657		(18		)
LTV => 60%
Pass	—		—		—			—		—		—
Home equity and lines of credit
Substandard	33		33		(3		)	33		33		(5		)
Commercial and industrial loans
Special Mention	19		19		(4		)	21		21		(3		)
Total:
Real estate loans:
Commercial	17,327		18,916		(135		)	18,091		21,984		—
One-to-four family residential	2,479		2,595		—			2,685		2,940		(18		)
Multifamily	1,038		1,508		—			1,419		1,890		—
Home equity and lines of credit	55		55		(3		)	61		61		(5		)
Commercial and industrial loans	58		$	58	(4		)	73		140		(3		)
	$	20,957	$	23,132	$	(142	)	$	22,329	$	27,015	$	(26	)

Troubled Debt Restructurings on Financing Receivables

The following table summarizes loans that were modified in a TDR during the year ended December 31, 2019:



	Number of Relationships	Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment⁽¹⁾
	(Dollars in thousands)
Troubled Debt Restructurings
Consumer	1	$	2	$	2
Commercial real estate	1	2,834		2,834
Total Troubled Debt Restructurings	2	$	2,836	$	2,836

⁽¹⁾Amounts are at time of modification