Schedule of activity in allowance for loan losses |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Real Estate Loans | | | | | | | | | | | | One-to-Four | | | | | | | | | | | | | | | | | | | | | | | | Family | | Multifamily | | | | | | | | | | | | | | | | | | | | Residential and | | Residential | | | | | | | | | | | | | | | | | | | | Cooperative/ | | and | | | | | | | | | | | | | | | | | | | | Condominium | | Residential | | | | | | | Total Real | | | | | Other | | | | (In thousands) | | Apartment | | Mixed-Use | | CRE | | ADC | | Estate | | C&I | | Loans | | Total | Ending balance as of December 31, 2020 | | $ | 644 | | $ | 17,016 | | $ | 9,059 | | $ | 1,993 | | $ | 28,712 | | $ | 12,737 | | $ | 12 | | $ | 41,461 | Impact of adopting CECL as of January 1, 2021 | | | 1,048 | | | (8,254) | | | 4,849 | | | 381 | | | (1,976) | | | (1,935) | | | (8) | | | (3,919) | Beginning balance as of January 1, 2021 | | | 1,692 | | | 8,762 | | | 13,908 | | | 2,374 | | | 26,736 | | | 10,802 | | | 4 | | | 37,542 | Day 1 acquired PCD loans | | | 2,220 | | | 3,292 | | | 23,124 | | | 117 | | | 28,753 | | | 23,374 | | | 157 | | | 52,284 | Provision for credit losses | | | 1,975 | | | (3,921) | | | (4,497) | | | 2,366 | | | (4,077) | | | 6,016 | | | 1,364 | | | 3,303 | Charge-offs | | | (20) | | | (391) | | | (3,406) | | | — | | | (3,817) | | | (4,984) | | | (777) | | | (9,578) | Recoveries | | | 65 | | | 74 | | | 37 | | | — | | | 176 | | | 123 | | | 3 | | | 302 | Ending balance as of December 31, 2021 | | $ | 5,932 | | $ | 7,816 | | $ | 29,166 | | $ | 4,857 | | $ | 47,771 | | $ | 35,331 | | $ | 751 | | $ | 83,853 | | | | | | | | | | | | | | | | | | | | | | | | | | Provision (credit) for credit losses | | | 37 | | | 542 | | | (1,891) | | | (3,134) | | | (4,446) | | | 11,786 | | | (430) | | | 6,910 | Charge-offs | | | — | | | — | | | — | | | — | | | — | | | (11,401) | | | (53) | | | (11,454) | Recoveries | | | — | | | 2 | | | 54 | | | — | | | 56 | | | 4,137 | | | 5 | | | 4,198 | Ending balance as of December 31, 2022 | | $ | 5,969 | | $ | 8,360 | | $ | 27,329 | | $ | 1,723 | | $ | 43,381 | | $ | 39,853 | | $ | 273 | | $ | 83,507 | | | | | | | | | | | | | | | | | | | | | | | | | | Provision (credit) for credit losses | | | 858 | | | (1,121) | | | (721) | | | 266 | | | (718) | | | 3,464 | | | 129 | | | 2,875 | Charge-offs | | | (14) | | | (2) | | | — | | | — | | | (16) | | | (15,364) | | | (300) | | | (15,680) | Recoveries | | | — | | | — | | | — | | | — | | | — | | | 1,024 | | | 17 | | | 1,041 | Ending balance as of December 31, 2023 | | $ | 6,813 | | $ | 7,237 | | $ | 26,608 | | $ | 1,989 | | $ | 42,647 | | $ | 28,977 | | $ | 119 | | $ | 71,743 |
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Schedule of past due financing receivables |
| | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | | | | | | | | Loans 90 | | | | | | | | | | | | | | | | | | | | | Days or | | | | | Total | | | | | | | | | 30 to 59 | | 60 to 89 | | More Past Due | | | | | Past Due | | | | | | | | | Days | | Days | | and Still | | | | and | | | | | Total | (In thousands) | | Past Due | | Past Due | | Accruing Interest | | Non-accrual | | Non-accrual | | Current | | Loans | Real estate: | | | | | | | | | | | | | | | | | | | | | | One-to-four family residential, including condominium and cooperative apartment | | $ | 4,071 | | $ | 73 | | $ | — | | $ | 3,248 | | $ | 7,392 | | $ | 880,163 | | $ | 887,555 | Multifamily residential and residential mixed-use | | | — | | | — | | | — | | | — | | | — | | | 4,017,176 | | | 4,017,176 | CRE | | | 3,160 | | | 208 | | | — | | | 10,527 | | | 13,895 | | | 4,607,005 | | | 4,620,900 | ADC | | | 430 | | | — | | | — | | | 657 | | | 1,087 | | | 167,426 | | | 168,513 | Total real estate | | | 7,661 | | | 281 | | | — | | | 14,432 | | | 22,374 | | | 9,671,770 | | | 9,694,144 | C&I | | | 4,316 | | | 1,009 | | | — | | | 14,667 | | | 19,992 | | | 1,046,946 | | | 1,066,938 | Other | | | — | | | — | | | — | | | — | | | — | | | 5,755 | | | 5,755 | Total | | $ | 11,977 | | $ | 1,290 | | $ | — | | $ | 29,099 | | $ | 42,366 | | $ | 10,724,471 | | $ | 10,766,837 |
| | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | | | | | | | | | Loans 90 | | | | | | | | | | | | | | | | | | | | | Days or | | | | | Total | | | | | | | | | 30 to 59 | | 60 to 89 | | More Past Due | | | | | Past Due | | | | | | | | | Days | | Days | | and Still | | | | and | | | | | Total | (In thousands) | | Past Due | | Past Due | | Accruing Interest | | Non-accrual | | Non-accrual | | Current | | Loans | Real estate: | | | | | | | | | | | | | | | | | | | | | | One-to-four family residential, including condominium and cooperative apartment | | $ | 686 | | $ | — | | $ | — | | $ | 3,203 | | $ | 3,889 | | $ | 769,432 | | $ | 773,321 | Multifamily residential and residential mixed-use | | | 4,817 | | | — | | | — | | | — | | | 4,817 | | | 4,022,009 | | | 4,026,826 | CRE | | | 14,189 | | | — | | | — | | | 8,332 | | | 22,521 | | | 4,435,109 | | | 4,457,630 | ADC | | | — | | | — | | | — | | | 657 | | | 657 | | | 229,006 | | | 229,663 | Total real estate | | | 19,692 | | | — | | | — | | | 12,192 | | | 31,884 | | | 9,455,556 | | | 9,487,440 | C&I | | | 3,561 | | | 741 | | | — | | | 21,946 | | | 26,248 | | | 1,045,464 | | | 1,071,712 | Other | | | 264 | | | 1 | | | — | | | 99 | | | 364 | | | 7,315 | | | 7,679 | Total | | $ | 23,517 | | $ | 742 | | $ | — | | $ | 34,237 | | $ | 58,496 | | $ | 10,508,335 | | $ | 10,566,831 |
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Schedule of Credit risk profile of the real estate loans |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | (In thousands) | | 2023 | | 2022 | | 2021 | | 2020 | | 2019 | | 2018 and Prior | | Revolving | | Revolving-Term | | Total | One-to-four family residential, and condominium/cooperative apartment: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 170,601 | | $ | 213,479 | | $ | 102,684 | | $ | 69,524 | | $ | 62,356 | | $ | 213,131 | | $ | 31,205 | | $ | 12,493 | | $ | 875,473 | Special mention | | | — | | | — | | | — | | | — | | | — | | | 33 | | | 159 | | | 776 | | | 968 | Substandard | | | — | | | — | | | — | | | 1,005 | | | 337 | | | 8,711 | | | — | | | 1,061 | | | 11,114 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total one-to-four family residential, and condominium/cooperative apartment | | | 170,601 | | | 213,479 | | | 102,684 | | | 70,529 | | | 62,693 | | | 221,875 | | | 31,364 | | | 14,330 | | | 887,555 | YTD Gross Charge-Offs | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 14 | | | 14 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Multifamily residential and residential mixed-use: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 256,822 | | | 1,340,197 | | | 578,352 | | | 283,633 | | | 384,937 | | | 981,820 | | | 4,841 | | | 4,325 | | | 3,834,927 | Special mention | | | — | | | — | | | 9,334 | | | 3,880 | | | 3,886 | | | 64,273 | | | — | | | — | | | 81,373 | Substandard | | | — | | | — | | | — | | | 28,799 | | | 5,089 | | | 66,988 | | | — | | | — | | | 100,876 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total multifamily residential and residential mixed-use | | | 256,822 | | | 1,340,197 | | | 587,686 | | | 316,312 | | | 393,912 | | | 1,113,081 | | | 4,841 | | | 4,325 | | | 4,017,176 | YTD Gross Charge-Offs | | | — | | | — | | | — | | | — | | | — | | | 2 | | | — | | | — | | | 2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | CRE: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 417,973 | | | 990,748 | | | 817,171 | | | 566,427 | | | 484,930 | | | 1,025,160 | | | 24,839 | | | 11,538 | | | 4,338,786 | Special mention | | | — | | | 28,770 | | | 19,872 | | | 88,040 | | | 10,484 | | | 5,754 | | | — | | | 17,862 | | | 170,782 | Substandard | | | — | | | — | | | 151 | | | 61,424 | | | 7,289 | | | 42,468 | | | — | | | — | | | 111,332 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total CRE | | | 417,973 | | | 1,019,518 | | | 837,194 | | | 715,891 | | | 502,703 | | | 1,073,382 | | | 24,839 | | | 29,400 | | | 4,620,900 | YTD Gross Charge-Offs | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ADC: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 16,735 | | | 17,534 | | | 59,202 | | | 9,900 | | | 2,665 | | | 437 | | | 22,444 | | | 225 | | | 129,142 | Special mention | | | — | | | 11,500 | | | 14,961 | | | — | | | 12,253 | | | — | | | — | | | — | | | 38,714 | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 657 | | | 657 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total ADC | | | 16,735 | | | 29,034 | | | 74,163 | | | 9,900 | | | 14,918 | | | 437 | | | 22,444 | | | 882 | | | 168,513 | YTD Gross Charge-Offs | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | C&I: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 60,771 | | | 138,145 | | | 24,865 | | | 25,371 | | | 25,142 | | | 37,019 | | | 620,799 | | | 31,467 | | | 963,579 | Special mention | | | 481 | | | 12,912 | | | 1,199 | | | 905 | | | 1,204 | | | 159 | | | 21,108 | | | 7,444 | | | 45,412 | Substandard | | | — | | | 1,857 | | | 2,045 | | | 5,577 | | | 1,768 | | | 11,936 | | | 15,567 | | | 18,449 | | | 57,199 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | 748 | | | — | | | — | | | 748 | Total C&I | | | 61,252 | | | 152,914 | | | 28,109 | | | 31,853 | | | 28,114 | | | 49,862 | | | 657,474 | | | 57,360 | | | 1,066,938 | YTD Gross Charge-Offs | | | — | | | — | | | 77 | | | 38 | | | 4,166 | | | 2,229 | | | 5,464 | | | 3,390 | | | 15,364 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 922,902 | | | 2,700,103 | | | 1,582,274 | | | 954,855 | | | 960,030 | | | 2,257,567 | | | 704,128 | | | 60,048 | | | 10,141,907 | Special mention | | | 481 | | | 53,182 | | | 45,366 | | | 92,825 | | | 27,827 | | | 70,219 | | | 21,267 | | | 26,082 | | | 337,249 | Substandard | | | — | | | 1,857 | | | 2,196 | | | 96,805 | | | 14,483 | | | 130,103 | | | 15,567 | | | 20,167 | | | 281,178 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | 748 | | | — | | | — | | | 748 | Total Loans | | $ | 923,383 | | $ | 2,755,142 | | $ | 1,629,836 | | $ | 1,144,485 | | $ | 1,002,340 | | $ | 2,458,637 | | $ | 740,962 | | $ | 106,297 | | $ | 10,761,082 | YTD Gross Charge-Offs | | $ | — | | $ | — | | $ | 77 | | $ | 38 | | $ | 4,166 | | $ | 2,231 | | $ | 5,464 | | $ | 3,404 | | $ | 15,380 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | (In thousands) | | 2022 | | 2021 | | 2020 | | 2019 | | 2018 | | 2017 and Prior | | Revolving | | Revolving-Term | | Total | One-to-four family residential, and condominium/cooperative apartment: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 225,031 | | $ | 108,185 | | $ | 72,732 | | $ | 65,515 | | $ | 66,038 | | $ | 164,338 | | $ | 41,172 | | $ | 12,563 | | $ | 755,574 | Special mention | | | — | | | — | | | — | | | — | | | 735 | | | 1,175 | | | 579 | | | 726 | | | 3,215 | Substandard | | | — | | | — | | | 1,026 | | | 1,227 | | | 407 | | | 10,779 | | | — | | | 1,093 | | | 14,532 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total one-to-four family residential, and condominium/cooperative apartment | | | 225,031 | | | 108,185 | | | 73,758 | | | 66,742 | | | 67,180 | | | 176,292 | | | 41,751 | | | 14,382 | | | 773,321 | YTD Gross Charge-Offs | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Multifamily residential and residential mixed-use: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 1,386,549 | | | 582,393 | | | 316,424 | | | 395,933 | | | 127,074 | | | 1,107,281 | | | 12,584 | | | — | | | 3,928,238 | Special mention | | | — | | | — | | | — | | | 11,183 | | | — | | | 14,168 | | | — | | | — | | | 25,351 | Substandard | | | — | | | — | | | 12,294 | | | 7,001 | | | 20,311 | | | 33,631 | | | — | | | — | | | 73,237 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total multifamily residential and residential mixed-use | | | 1,386,549 | | | 582,393 | | | 328,718 | | | 414,117 | | | 147,385 | | | 1,155,080 | | | 12,584 | | | — | | | 4,026,826 | YTD Gross Charge-Offs | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | CRE: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 1,021,622 | | | 854,240 | | | 753,552 | | | 510,332 | | | 308,265 | | | 868,099 | | | 34,362 | | | 24,767 | | | 4,375,239 | Special mention | | | 2,864 | | | — | | | 19,655 | | | 4,653 | | | 14,372 | | | 15,478 | | | — | | | — | | | 57,022 | Substandard | | | — | | | 151 | | | 4,550 | | | 7,947 | | | 1,131 | | | 11,590 | | | — | | | — | | | 25,369 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total CRE | | | 1,024,486 | | | 854,391 | | | 777,757 | | | 522,932 | | | 323,768 | | | 895,167 | | | 34,362 | | | 24,767 | | | 4,457,630 | YTD Gross Charge-Offs | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ADC: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 36,877 | | | 152,543 | | | 11,242 | | | 15,943 | | | — | | | 2,087 | | | 10,033 | | | 281 | | | 229,006 | Special mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | 657 | | | — | | | — | | | — | | | — | | | — | | | — | | | 657 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total ADC | | | 36,877 | | | 153,200 | | | 11,242 | | | 15,943 | | | — | | | 2,087 | | | 10,033 | | | 281 | | | 229,663 | YTD Gross Charge-Offs | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | C&I: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 175,347 | | | 36,511 | | | 42,103 | | | 37,030 | | | 20,628 | | | 33,343 | | | 628,560 | | | 22,239 | | | 995,761 | Special mention | | | 3,770 | | | — | | | 894 | | | 1,529 | | | 1,521 | | | 843 | | | 9,062 | | | 478 | | | 18,097 | Substandard | | | 5,242 | | | 1,244 | | | 5,364 | | | 2,968 | | | 970 | | | 10,232 | | | 11,290 | | | 9,412 | | | 46,722 | Doubtful | | | — | | | — | | | — | | | 8,332 | | | 752 | | | 2,048 | | | — | | | — | | | 11,132 | Total C&I | | | 184,359 | | | 37,755 | | | 48,361 | | | 49,859 | | | 23,871 | | | 46,466 | | | 648,912 | | | 32,129 | | | 1,071,712 | YTD Gross Charge-Offs | | | — | | | 477 | | | 4,720 | | | 2,088 | | | — | | | 2,414 | | | 1,460 | | | 242 | | | 11,401 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | | 2,845,426 | | | 1,733,872 | | | 1,196,053 | | | 1,024,753 | | | 522,005 | | | 2,175,148 | | | 726,711 | | | 59,850 | | | 10,283,818 | Special mention | | | 6,634 | | | — | | | 20,549 | | | 17,365 | | | 16,628 | | | 31,664 | | | 9,641 | | | 1,204 | | | 103,685 | Substandard | | | 5,242 | | | 2,052 | | | 23,234 | | | 19,143 | | | 22,819 | | | 66,232 | | | 11,290 | | | 10,505 | | | 160,517 | Doubtful | | | — | | | — | | | — | | | 8,332 | | | 752 | | | 2,048 | | | — | | | — | | | 11,132 | Total Loans | | $ | 2,857,302 | | $ | 1,735,924 | | $ | 1,239,836 | | $ | 1,069,593 | | $ | 562,204 | | $ | 2,275,092 | | $ | 747,642 | | $ | 71,559 | | $ | 10,559,152 | YTD Gross Charge-Offs | | $ | — | | $ | 477 | | $ | 4,720 | | $ | 2,088 | | $ | — | | $ | 2,414 | | $ | 1,460 | | $ | 242 | | $ | 11,401 |
| | | | | | | | | Year Ended December 31, | (In thousands) | | 2023 | | 2022 | Performing | | $ | 5,755 | | $ | 7,580 | Non-accrual | | | — | | | 99 | Total | | $ | 5,755 | | $ | 7,679 |
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