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Loans and Credit Quality (Tables)
 6 Months Ended
Jun. 30, 2016
Receivables [Abstract]  
Loans held for investment [Table Text Block]
Loans held for investment consist of the following:
 
(in thousands)
At June 30,
2016
 
At December 31,
2015
 
 
 
 
Consumer loans
 
 
 
Single family(1)
$
1,218,216

 
$
1,203,180

Home equity and other
309,204

 
256,373

 
1,527,420

 
1,459,553

Commercial loans
 
 
 
Commercial real estate
762,170

 
600,703

Multifamily
562,728

 
426,557

Construction/land development
639,441

 
583,160

Commercial business
239,077

 
154,262

 
2,203,416

 
1,764,682

 
3,730,836

 
3,224,235

Net deferred loan fees and costs
779

 
(2,237
)
 
3,731,615

 
3,221,998

Allowance for loan losses
(32,656
)
 
(29,278
)
 
$
3,698,959

 
$
3,192,720


(1)
Includes $22.4 million and $21.5 million at June 30, 2016 and December 31, 2015, respectively, of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes recognized in the consolidated statements of operations.

Activity in allowance for credit losses [Table Text Block]
Activity in the allowance for credit losses was as follows.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in thousands)
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
Allowance for credit losses (roll-forward):
 
 
 
 
 
 
 
Beginning balance
$
32,423

 
$
25,628

 
$
30,659

 
$
22,524

Provision for credit losses
1,100

 
500

 
2,500

 
3,500

Recoveries, net of charge-offs
478

 
320

 
842

 
424

Ending balance
$
34,001

 
$
26,448

 
$
34,001

 
$
26,448

Components:
 
 
 
 
 
 
 
Allowance for loan losses
$
32,656

 
$
25,777

 
$
32,656

 
$
25,777

Allowance for unfunded commitments
1,345

 
671

 
1,345

 
671

Allowance for credit losses
$
34,001

 
$
26,448

 
$
34,001

 
$
26,448
Allowance for credit losses by loan portfolio segment and loan class [Table Text Block]
Activity in the allowance for credit losses by loan portfolio and loan class was as follows.

 
Three Months Ended June 30, 2016
(in thousands)
Beginning
balance
 
Charge-offs
 
Recoveries
 
(Reversal of) Provision
 
Ending
balance
 
 
 
 
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
 
 
 
 
Single family
$
9,026

 
$
—

 
$
2

 
$
(734
)
 
$
8,294

Home equity and other
4,852

 
(204
)
 
87

 
665

 
5,400

 
13,878

 
(204
)
 
89

 
(69
)
 
13,694

Commercial loans
 
 
 
 
 
 
 
 
 
Commercial real estate
5,175

 
—

 
—

 
870

 
6,045

Multifamily
1,832

 
—

 
—

 
216

 
2,048

Construction/land development
9,286

 
—

 
573

 
(490
)
 
9,369

Commercial business
2,252

 
—

 
20

 
573

 
2,845

 
18,545

 
—

 
593

 
1,169

 
20,307

Total allowance for credit losses
$
32,423

 
$
(204
)
 
$
682

 
$
1,100

 
$
34,001


 
Three Months Ended June 30, 2015
(in thousands)
Beginning
balance
 
Charge-offs
 
Recoveries
 
(Reversal of) Provision
 
Ending
balance
 
 
 
 
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
 
 
 
 
Single family
$
9,959

 
$
—

 
$
181

 
$
(1,143
)
 
$
8,997

Home equity and other
3,331

 
(119
)
 
57

 
613

 
3,882

 
13,290

 
(119
)
 
238

 
(530
)
 
12,879

Commercial loans
 
 
 
 
 
 
 
 
 
Commercial real estate
4,551

 
—

 
37

 
458

 
5,046

Multifamily
661

 
—

 
—

 
119

 
780

Construction/land development
5,003

 
—

 
85

 
855

 
5,943

Commercial business
2,123

 
(9
)
 
88

 
(402
)
 
1,800

 
12,338

 
(9
)
 
210

 
1,030

 
13,569

Total allowance for credit losses
$
25,628

 
$
(128
)
 
$
448

 
$
500

 
$
26,448



 
Six Months Ended June 30, 2016
(in thousands)
Beginning
balance
 
Charge-offs
 
Recoveries
 
(Reversal of) Provision
 
Ending
balance
 
 
 
 
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
 
 
 
 
Single family
$
8,942

 
$
(32
)
 
$
86

 
$
(702
)
 
$
8,294

Home equity and other
4,620

 
(298
)
 
338

 
740

 
5,400

 
13,562

 
(330
)
 
424

 
38

 
13,694

Commercial loans
 
 
 
 
 
 
 
 
 
Commercial real estate
4,847

 
—

 
—

 
1,198

 
6,045

Multifamily
1,194

 
—

 
—

 
854

 
2,048

Construction/land development
9,271

 
(42
)
 
783

 
(643
)
 
9,369

Commercial business
1,785

 
(26
)
 
33

 
1,053

 
2,845

 
17,097

 
(68
)
 
816

 
2,462

 
20,307

Total allowance for credit losses
$
30,659

 
$
(398
)
 
$
1,240

 
$
2,500

 
$
34,001



 
Six Months Ended June 30, 2015
(in thousands)
Beginning
balance
 
Charge-offs
 
Recoveries
 
(Reversal of) Provision
 
Ending
balance
 
 
 
 
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
 
 
 
 
Single family
$
9,447

 
$
—

 
$
246

 
$
(696
)
 
$
8,997

Home equity and other
3,322

 
(201
)
 
141

 
620

 
3,882

 
12,769

 
(201
)
 
387

 
(76
)
 
12,879

Commercial loans
 
 
 
 
 
 
 
 
 
Commercial real estate
3,846

 
(16
)
 
37

 
1,179

 
5,046

Multifamily
673

 
—

 
—

 
107

 
780

Construction/land development
3,818

 
—

 
99

 
2,026

 
5,943

Commercial business
1,418

 
(9
)
 
127

 
264

 
1,800

 
9,755

 
(25
)
 
263

 
3,576

 
13,569

Total allowance for credit losses
$
22,524

 
$
(226
)
 
$
650

 
$
3,500

 
$
26,448
Recorded investment in loans by Impairment Methodology [Table Text Block]
The following table disaggregates our allowance for credit losses and recorded investment in loans by impairment methodology.
 
 
At June 30, 2016
 
(in thousands)
Allowance:
collectively
evaluated for
impairment
 
Allowance:
individually
evaluated for
impairment
 
Total
 
Loans:
collectively
evaluated for
impairment
 
Loans:
individually
evaluated for
impairment
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
 
 
 
 
 
 
 
Single family
$
8,078

 
$
216

 
$
8,294

 
$
1,112,375

 
$
83,479

 
$
1,195,854

 
Home equity and other
5,334

 
66

 
5,400

 
307,808

 
1,396

 
309,204

 
 
13,412

 
282

 
13,694

 
1,420,183

 
84,875

 
1,505,058

 
Commercial loans
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
6,045

 
—

 
6,045

 
759,055

 
3,115

 
762,170

 
Multifamily
2,048

 
—

 
2,048

 
562,107

 
621

 
562,728

 
Construction/land development
9,369

 
—

 
9,369

 
637,108

 
2,333

 
639,441

 
Commercial business
2,536

 
309

 
2,845

 
236,408

 
2,669

 
239,077

 
 
19,998

 
309

 
20,307

 
2,194,678

 
8,738

 
2,203,416

 
Total loans evaluated for impairment
33,410

 
591

 
34,001

 
3,614,861

 
93,613

 
3,708,474

 
Loans held for investment carried at fair value
 
 
 
 
 
 
 
 
 
 
22,362

(1) 
Total loans held for investment
$
33,410

 
$
591

 
$
34,001

 
$
3,614,861

 
$
93,613

 
$
3,730,836

 
(1)
Comprised of single family loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes recognized in the consolidated statements of operations.

 
At December 31, 2015
 
(in thousands)
Allowance:
collectively
evaluated for
impairment
 
Allowance:
individually
evaluated for
impairment
 
Total
 
Loans:
collectively
evaluated for
impairment
 
Loans:
individually
evaluated for
impairment
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
 
 
 
 
 
 
 
Single family
$
8,723

 
$
219

 
$
8,942

 
$
1,101,891

 
$
79,745

 
$
1,181,636

 
Home equity and other
4,545

 
75

 
4,620

 
254,762

 
1,611

 
256,373

 
 
13,268

 
294

 
13,562

 
1,356,653

 
81,356

 
1,438,009

 
Commercial loans
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
4,847

 
—

 
4,847

 
597,571

 
3,132

 
600,703

 
Multifamily
1,194

 
—

 
1,194

 
423,424

 
3,133

 
426,557

 
Construction/land development
9,271

 
—

 
9,271

 
579,446

 
3,714

 
583,160

 
Commercial business
1,512

 
273

 
1,785

 
151,924

 
2,338

 
154,262

 
 
16,824

 
273

 
17,097

 
1,752,365

 
12,317

 
1,764,682

 
Total loans evaluated for impairment
30,092

 
567

 
30,659

 
3,109,018

 
93,673

 
3,202,691

 
Loans held for investment carried at fair value
 
 
 
 
 
 
 
 
 
 
21,544

(1) 
Total loans held for investment
$
30,092

 
$
567

 
$
30,659

 
$
3,109,018

 
$
93,673

 
$
3,224,235

 

(1)
Comprised of single family loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes recognized in the consolidated statements of operations.

Impaired loans by loan portfolio segment and loan class [Table Text Block]
The following tables present impaired loans by loan portfolio segment and loan class.
 
 
At June 30, 2016
(in thousands)
Recorded
investment (1)
 
Unpaid
principal
balance (2)
 
Related
allowance
 
 
 
 
 
 
With no related allowance recorded:
 
 
 
 
 
Consumer loans
 
 
 
 
 
Single family
$
81,768

 
$
83,909

 
$
—

Home equity and other
761

 
839

 
—

 
82,529

 
84,748

 
—

Commercial loans
 
 
 
 
 
Commercial real estate
3,115

 
3,672

 
—

Multifamily
621

 
745

 
—

Construction/land development
2,333

 
3,259

 
—

Commercial business
1,171

 
2,061

 
—

 
7,240

 
9,737

 
—

 
$
89,769

 
$
94,485

 
$
—

With an allowance recorded:
 
 
 
 
 
Consumer loans
 
 
 
 
 
Single family
$
1,711

 
$
1,824

 
$
216

Home equity and other
635

 
635

 
66

 
2,346

 
2,459

 
282

Commercial loans
 
 
 
 
 
Commercial business
1,498

 
1,564

 
309

 
1,498

 
1,564

 
309

 
$
3,844

 
$
4,023

 
$
591

Total:
 
 
 
 
 
Consumer loans
 
 
 
 
 
Single family(3)
$
83,479

 
$
85,733

 
$
216

Home equity and other
1,396

 
1,474

 
66

 
84,875

 
87,207

 
282

Commercial loans
 
 
 
 
 
Commercial real estate
3,115

 
3,672

 
—

Multifamily
621

 
745

 
—

Construction/land development
2,333

 
3,259

 
—

Commercial business
2,669

 
3,625

 
309

 
8,738

 
11,301

 
309

Total impaired loans
$
93,613

 
$
98,508

 
$
591


(1)
Includes partial charge-offs and nonaccrual interest paid and purchase discounts and premiums.
(2)
Unpaid principal balance does not include partial charge-offs, purchase discounts and premiums or nonaccrual interest paid. Related allowance is calculated on net book balances not unpaid principal balances.
(3)
Includes $79.9 million in single family performing TDRs.

 
At December 31, 2015
(in thousands)
Recorded
investment (1)
 
Unpaid
principal
balance (2)
 
Related
allowance
 
 
 
 
 
 
With no related allowance recorded:
 
 
 
 
 
Consumer loans
 
 
 
 
 
Single family
$
78,240

 
$
80,486

 
$
—

Home equity and other
955

 
1,033

 
—

 
79,195

 
81,519

 
—

Commercial loans
 
 
 
 
 
Commercial real estate
3,132

 
3,421

 
—

Multifamily
3,133

 
3,429

 
—

Construction/land development
3,714

 
4,214

 
—

Commercial business
1,373

 
1,475

 
—

 
11,352

 
12,539

 
—

 
$
90,547

 
$
94,058

 
$
—

With an allowance recorded:
 
 
 
 
 
Consumer loans
 
 
 
 
 
Single family
$
1,505

 
$
1,618

 
$
219

Home equity and other
656

 
656

 
75

 
2,161

 
2,274

 
294

Commercial loans
 
 
 
 
 
Commercial business
965

 
1,019

 
273

 
965

 
1,019

 
273

 
$
3,126

 
$
3,293

 
$
567

Total:
 
 
 
 
 
Consumer loans
 
 
 
 
 
Single family(3)
$
79,745

 
$
82,104

 
$
219

Home equity and other
1,611

 
1,689

 
75

 
81,356

 
83,793

 
294

Commercial loans
 
 
 
 
 
Commercial real estate
3,132

 
3,421

 
—

Multifamily
3,133

 
3,429

 
—

Construction/land development
3,714

 
4,214

 
—

Commercial business
2,338

 
2,494

 
273

 
12,317

 
13,558

 
273

Total impaired loans
$
93,673

 
$
97,351

 
$
567

 
(1)
Includes partial charge-offs and nonaccrual interest paid.
(2)
Unpaid principal balance does not include partial charge-offs, purchase discounts and premiums or nonaccrual interest paid. Related allowance is calculated on net book balances not unpaid principal balances.
(3)
Includes $74.7 million in single family performing TDRs.
Average Recorded Investment in Impaired Loans [Table Text Block]
The following table provides the average recorded investment in impaired loans by portfolio segment and class.

 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in thousands)
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
 
 
Single family
$
81,754

 
$
78,720

 
$
81,612

 
$
78,440

Home equity and other
1,412

 
2,250

 
1,504

 
2,387

 
83,166

 
80,970

 
83,116

 
80,827

Commercial loans
 
 
 
 
 
 
 
Commercial real estate
3,125

 
23,469

 
3,124

 
24,572

Multifamily
1,864

 
4,270

 
1,878

 
3,873

Construction/land development
2,458

 
5,047

 
3,023

 
5,180

Commercial business
2,802

 
4,832

 
2,503

 
4,347

 
10,249

 
37,618

 
10,528

 
37,972

 
$
93,415

 
$
118,588

 
$
93,644

 
$
118,799
Designated loan grades by loan portfolio segment and loan class [Table Text Block]
The following tables summarize designated loan grades by loan portfolio segment and loan class.
 
 
At June 30, 2016
(in thousands)
Pass
 
Watch
 
Special mention
 
Substandard
 
Total
 
 
 
 
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
 
 
 
 
Single family
$
1,185,120

(1) 
$
4,098

 
$
16,317

 
$
12,681

 
$
1,218,216

Home equity and other
306,934

 
100

 
507

 
1,663

 
309,204

 
1,492,054

 
4,198

 
16,824

 
14,344

 
1,527,420

Commercial loans
 
 
 
 
 
 
 
 
 
Commercial real estate
696,170

 
58,959

 
3,147

 
3,894

 
762,170

Multifamily
544,157

 
17,122

 
903

 
546

 
562,728

Construction/land development
618,551

 
8,908

 
10,510

 
1,472

 
639,441

Commercial business
192,857

 
37,053

 
3,111

 
6,056

 
239,077

 
2,051,735

 
122,042

 
17,671

 
11,968

 
2,203,416

 
$
3,543,789

 
$
126,240

 
$
34,495

 
$
26,312

 
$
3,730,836

(1)
Includes $22.4 million of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes recognized in the consolidated statements of operations.

 
At December 31, 2015
(in thousands)
Pass
 
Watch
 
Special mention
 
Substandard
 
Total
 
 
 
 
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
 
 
 
 
Single family
$
1,165,990

(1) 
$
7,933

 
$
16,439

 
$
12,818

 
$
1,203,180

Home equity and other
253,912

 
381

 
478

 
1,602

 
256,373

 
1,419,902

 
8,314

 
16,917

 
14,420

 
1,459,553

Commercial loans
 
 
 
 
 
 
 
 
 
Commercial real estate
535,903

 
55,058

 
7,067

 
2,675

 
600,703

Multifamily
403,604

 
20,738

 
1,657

 
558

 
426,557

Construction/land development
552,819

 
25,520

 
4,407

 
414

 
583,160

Commercial business
120,969

 
30,300

 
1,731

 
1,262

 
154,262

 
1,613,295

 
131,616

 
14,862

 
4,909

 
1,764,682

 
$
3,033,197

 
$
139,930

 
$
31,779

 
$
19,329

 
$
3,224,235

(1)
Includes $21.5 million of loans where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes recognized in the consolidated statements of operations.
Past due loans by portfolio segment and loan class [Table Text Block]
The following table presents an aging analysis of past due loans by loan portfolio segment and loan class.

 
At June 30, 2016
 
(in thousands)
30-59 days
past due
 
60-89 days
past due
 
90 days or
more
past due
 
Total past
due
 
Current
 
Total
loans
 
90 days or
more past
due and
accruing
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Single family
$
7,283

 
$
4,522

 
$
39,326

 
$
51,131

 
$
1,167,085

(1) 
$
1,218,216

 
$
30,787

(2) 
Home equity and other
463

 
100

 
1,663

 
2,226

 
306,978

 
309,204

 
—

 
 
7,746

 
4,622

 
40,989

 
53,357

 
1,474,063

 
1,527,420

 
30,787

 
Commercial loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
—

 
—

 
3,100

 
3,100

 
759,070

 
762,170

 
—

 
Multifamily
356

 
—

 
113

 
469

 
562,259

 
562,728

 
—

 
Construction/land development
—

 
—

 
1,003

 
1,003

 
638,438

 
639,441

 
—

 
Commercial business
—

 
—

 
1,327

 
1,327

 
237,750

 
239,077

 
—

 
 
356

 
—

 
5,543

 
5,899

 
2,197,517

 
2,203,416

 
—

 
 
$
8,102

 
$
4,622

 
$
46,532

 
$
59,256

 
$
3,671,580

 
$
3,730,836

 
$
30,787

 


 
At December 31, 2015
 
(in thousands)
30-59 days
past due
 
60-89 days
past due
 
90 days or
more
past due
 
Total past
due
 
Current
 
Total
loans
 
90 days or
more past
due and
accruing
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Single family
$
7,098

 
$
3,537

 
$
48,714

 
$
59,349

 
$
1,143,831

(1) 
$
1,203,180

 
$
36,595

(2) 
Home equity and other
1,095

 
398

 
1,576

 
3,069

 
253,304

 
256,373

 
—

 
 
8,193

 
3,935

 
50,290

 
62,418

 
1,397,135

 
1,459,553

 
36,595

 
Commercial loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial real estate
233

 
—

 
2,341

 
2,574

 
598,129

 
600,703

 
—

 
Multifamily
—

 
—

 
119

 
119

 
426,438

 
426,557

 
—

 
Construction/land development
77

 
—

 
339

 
416

 
582,744

 
583,160

 
—

 
Commercial business
—

 
—

 
692

 
692

 
153,570

 
154,262

 
17

 
 
310

 
—

 
3,491

 
3,801

 
1,760,881

 
1,764,682

 
17

 
 
$
8,503

 
$
3,935

 
$
53,781

 
$
66,219

 
$
3,158,016

 
$
3,224,235

 
$
36,612

 

(1)
Includes $22.4 million and $21.5 million of loans at June 30, 2016 and December 31, 2015, respectively, where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes recognized in the consolidated statements of operations.
(2)
FHA-insured and VA-guaranteed single family loans that are 90 days or more past due are maintained on accrual status if they are determined to have little to no risk of loss.

Performing and non-performing loan balances by portfolio segment and loan class [Table Text Block]
The following tables present performing and nonperforming loan balances by loan portfolio segment and loan class.
 
 
At June 30, 2016
(in thousands)
Accrual
 
Nonaccrual
 
Total
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
Single family
$
1,209,677

(1) 
$
8,539

 
$
1,218,216

Home equity and other
307,541

 
1,663

 
309,204

 
1,517,218

 
10,202

 
1,527,420

Commercial loans
 
 
 
 
 
Commercial real estate
759,070

 
3,100

 
762,170

Multifamily
562,615

 
113

 
562,728

Construction/land development
638,438

 
1,003

 
639,441

Commercial business
237,750

 
1,327

 
239,077

 
2,197,873

 
5,543

 
2,203,416

 
$
3,715,091

 
$
15,745

 
$
3,730,836



 
At December 31, 2015
(in thousands)
Accrual
 
Nonaccrual
 
Total
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
Single family
$
1,191,061

(1) 
$
12,119

 
$
1,203,180

Home equity and other
254,797

 
1,576

 
256,373

 
1,445,858

 
13,695

 
1,459,553

Commercial loans
 
 
 
 
 
Commercial real estate
598,362

 
2,341

 
600,703

Multifamily
426,438

 
119

 
426,557

Construction/land development
582,821

 
339

 
583,160

Commercial business
153,588

 
674

 
154,262

 
1,761,209

 
3,473

 
1,764,682

 
$
3,207,067

 
$
17,168

 
$
3,224,235



(1)
Includes $22.4 million and $21.5 million of loans at June 30, 2016 and December 31, 2015, where a fair value option election was made at the time of origination and, therefore, are carried at fair value with changes recognized in the consolidated statements of operations.

TDR activity by loan portfolio segment and loan class [Table Text Block]
The following tables present information about TDR activity during the periods presented.

 
Three Months Ended June 30, 2016
(dollars in thousands)
Concession type
 
Number of loan
modifications
 
Recorded
investment
 
Related charge-
offs
 
 
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
 
 
Single family
 
 
 
 
 
 
 
 
Interest rate reduction
 
13

 
$
2,369

 
$
—

 
Payment restructure
 
19

 
3,747

 
—

Home equity and other
 
 
 
 
 
 
 
 
Interest rate reduction
 
1

 
13

 
—

Total consumer
 
 
 
 
 
 
 
 
Interest rate reduction
 
14

 
2,382

 
—

 
Payment restructure
 
19

 
3,747

 
—

 
 
 
33

 
6,129

 
—

 
 
 
 
 
 
 
 
Total loans
 
 
 
 
 
 
 
 
Interest rate reduction
 
14

 
2,382

 
—

 
Payment restructure
 
19

 
3,747

 
—

 
 
 
33

 
$
6,129

 
$
—


 
Three Months Ended June 30, 2015
(dollars in thousands)
Concession type
 
Number of loan
modifications
 
Recorded
investment
 
Related charge-
offs
 
 
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
 
 
Single family
 
 
 
 
 
 
 
 
Interest rate reduction
 
17

 
$
4,402

 
$
—

Total consumer
 
 
 
 
 
 
 
 
Interest rate reduction
 
17

 
4,402

 
—

 
 
 
17

 
4,402

 
—

 
 
 
 
 
 
 
 
Commercial loans
 
 
 
 
 
 
 
Commercial business
 
 
 
 
 
 
 
 
Interest rate reduction
 
2

 
482

 
—

Total commercial
 
 
 
 
 
 
 
 
Interest rate reduction
 
2

 
482

 
—

 
 
 
2

 
482

 
—

Total loans
 
 
 
 
 
 
 
 
Interest rate reduction
 
19

 
4,884

 
—

 
 
 
19

 
$
4,884

 
$
—



 
Six Months Ended June 30, 2016
(dollars in thousands)
Concession type
 
Number of loan
modifications
 
Recorded
investment
 
Related charge-
offs
 
 
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
 
 
Single family
 
 
 
 
 
 
 
 
Interest rate reduction
 
18

 
$
3,389

 
$
—

 
Payment restructure
 
34

 
6,918

 
—

Home equity and other
 
 
 
 
 
 
 
 
Interest rate reduction
 
1

 
13

 
—

Total consumer
 
 
 
 
 
 
 
 
Interest rate reduction
 
19

 
3,402

 
—

 
Payment restructure
 
34

 
6,918

 
—

 
 
 
53

 
10,320

 
—

 
 
 
 
 
 
 
 
Total loans
 
 
 
 
 
 
 
 
Interest rate reduction
 
19

 
3,402

 
—

 
Payment restructure
 
34

 
6,918

 
—

 
 
 
53

 
$
10,320

 
$
—



 
Six Months Ended June 30, 2015
(dollars in thousands)
Concession type
 
Number of loan
modifications
 
Recorded
investment
 
Related charge-
offs
 
 
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
 
 
Single family
 
 
 
 
 
 
 
 
Interest rate reduction
 
28

 
$
6,792

 
$
—

Home equity and other
 
 
 
 
 
 
 
 
Interest rate reduction
 
1

 
37

 
—

Total consumer
 
 
 
 
 
 
 
 
Interest rate reduction
 
29

 
6,829

 
—

Commercial loans
 
 
 
 
 
 
 
Commercial business
 
 
 
 
 
 
 
 
Interest rate reduction
 
2

 
482

 
—

Total commercial
 
 
 
 
 
 
 
 
Interest rate reduction
 
2

 
482

 
—

 
 
 
2

 
482

 
—

Total loans
 
 
 
 
 
 
 
 
Interest rate reduction
 
31

 
7,311

 
—

 
 
 
31

 
$
7,311

 
$
—
TDR balances that subsequently re-defaulted [Table Text Block]
The following tables present loans that were modified as TDRs within the previous 12 months and subsequently re-defaulted during the three and six months ended June 30, 2016 and 2015, respectively. A TDR loan is considered re-defaulted when it becomes doubtful that the objectives of the modifications will be met, generally when a consumer loan TDR becomes 60 days or more past due on principal or interest payments or when a commercial loan TDR becomes 90 days or more past due on principal or interest payments.

 
Three Months Ended June 30,
 
2016
 
2015
(dollars in thousands)
Number of loan relationships that re-defaulted
 
Recorded
investment
 
Number of loan relationships that re-defaulted
 
Recorded
investment
 
 
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
 
 
Single family
8

 
$
2,367

 
1

 
$
220

Home equity and other
1

 
93

 
—

 
—

 
9

 
$
2,460

 
1

 
$
220



 
Six Months Ended June 30,
 
2016
 
2015
(dollars in thousands)
Number of loan relationships that re-defaulted
 
Recorded
investment
 
Number of loan relationships that re-defaulted
 
Recorded
investment
 
 
 
 
 
 
 
 
Consumer loans
 
 
 
 
 
 
 
Single family
9

 
$
2,638

 
7

 
$
1,718

Home equity and other
1

 
93

 
—

 
—

 
10

 
$
2,731

 
7

 
$
1,718