Loans

Loans are reported at their outstanding principal balance net of any unearned income, charge-offs, deferred loan fees and costs on originated loans and unamortized premiums or discounts on purchased loans. Loan fees and certain loan origination costs are deferred. Net loan origination costs and premiums or discounts on loans purchased are amortized into interest income over the contractual life of the loans using the level-yield method. Prepayment penalties received on loans which pay in full prior to their scheduled maturity are included in interest income in the period they are collected.

Interest on loans is recognized on the accrual basis. The accrual of income on loans is generally discontinued when certain factors, such as contractual delinquency of

days or more, indicate reasonable doubt as to the timely collectability of such income. Uncollected interest previously recognized on non-accrual loans is reversed from interest income at the time the loan is placed on non-accrual status. A non-accrual loan can be returned to accrual status when contractual delinquency returns to less than

days delinquent. Payments received on non-accrual loans that do

not

bring the loan to less than

days delinquent are recorded on a cash basis. Payments can also be applied

first

as a reduction of principal until all principal is recovered and then subsequently to interest, if in management’s opinion, it is evident that recovery of all principal due is likely to occur.

The Company recognizes a loan as non-performing when the borrower has demonstrated the inability to bring the loan current, or due to other circumstances which, in management’s opinion, indicate the borrower will be unable to bring the loan current within a reasonable time. All loans classified as non-performing, which includes all loans past due

days or more, are classified as non-accrual unless there is, in our opinion, compelling evidence the borrower will bring the loan current in the immediate future. Prior to a loan becoming

days delinquent, an updated appraisal is ordered and/or an internal evaluation is prepared.

A loan is considered impaired when, based upon current information, the Company believes it is probable that it will be unable to collect all amounts due, both principal and interest, in accordance with the original terms of the loan. Impaired loans are measured based on the present value of the expected future cash flows discounted at the loan’s effective interest rate or at the loan’s observable market price or, as a practical expedient, the fair value of the collateral if the loan is collateral dependent. All non-accrual loans are considered impaired.

The Company maintains an allowance for loan losses at an amount, which, in management’s judgment, is adequate to absorb probable estimated losses inherent in the loan portfolio. Management’s judgment in determining the adequacy of the allowance is based on evaluations of the collectability of loans. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revisions as more information becomes available. An unallocated component

may

at times be maintained to cover uncertainties that could affect management's estimate of probable losses. When necessary an unallocated component of the allowance will reflect the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. The allowance is established through charges to earnings in the form of a provision for loan losses based on management’s evaluation of the risk inherent in the various components of the loan portfolio and other factors, including historical loan loss experience (which is updated quarterly), current economic conditions, delinquency and non-accrual trends, classified loan levels, risk in the portfolio and volumes and trends in loan types, recent trends in charge-offs, changes in underwriting standards, experience, ability and depth of the Company’s lenders, collection policies and experience, internal loan review function and other external factors. Increases and decreases in the allowance other than charge-offs and recoveries are included in the provision for loan losses. When a loan or a portion of a loan is determined to be uncollectible, the portion deemed uncollectible is charged against the allowance, and subsequent recoveries, if any, are credited to the allowance.

The determination of the amount of the allowance for loan losses includes estimates that are susceptible to significant changes due to changes in appraisal values of collateral, national and local economic conditions and other factors. We review our loan portfolio by separate categories with similar risk and collateral characteristics. Impaired loans are segregated and reviewed separately.

The Company reviews each impaired loan on an individual basis to determine if either a charge-off or a valuation allowance needs to be allocated to the loan. The Company does

not

charge-off or allocate a valuation allowance to loans for which management has concluded the current value of the underlying collateral will allow for recovery of the loan balance through the sale of the loan or by foreclosure and sale of the property.

The Company considers fair value of collateral dependent loans to be

85%

of the appraised or internally estimated value of the property. The

85%

is based on the actual net proceeds the Bank has received from the sale of other real estate owned (“OREO”) as a percentage of OREO’s appraised value. For collateral dependent taxi medallion loans, the Company considers fair value to be the value of the underlying medallion based upon the most recently reported arm’s length sales transaction. When there is

recent sale activity, the fair value is calculated using capitalization rates. For both collateral dependent mortgage loans and taxi medallion loans, the amount by which the loan’s book value exceeds fair value is charged-off. During the

three

months ended

June 30, 2018,

the fair value of Chicago taxi medallion loans was reduced from

$60,000

per medallion to

$25,000

per medallion, based upon recent sales transactions. At

June 30, 2018,

our exposure to the Chicago taxi medallion portfolio totals

$0.2

million and to all taxi medallion loans held

$6.2

million, which is

0.12%

of total loans.

The Company segregated its loans into

two

portfolios based on year of origination. One portfolio was reviewed for loans originated after

December 31, 2009

and a

second

portfolio for loans originated prior to

January 1, 2010.

Our decision to segregate the portfolio based upon origination dates was based on changes made in our underwriting standards during

2009.

By the end of

2009,

all loans were being underwritten based on revised and tightened underwriting standards. Loans originated prior to

2010

have a higher delinquency rate and loss history. Each of the years in the portfolio for loans originated prior to

2010

has a similar delinquency rate. During the

three

months ended

June 30, 2018,

the Loss Emergence Period (“LEP”) used was

1.33

years for the Residential portfolio and

1.58

years for the Commercial portfolio. In the prior quarter, a blended LEP of

1.33

years was used for both portfolios. The Company’s Board of Directors reviews and approves management’s evaluation of the adequacy of the allowance for loan losses on a quarterly basis.

The Company evaluates the underlying collateral through a

third

party appraisal, or when a

third

party appraisal is

not

available, the Company will use an internal evaluation. The internal evaluations are prepared using an income approach or a sales approach. The income approach is used for income producing properties and uses current revenues less operating expenses to determine the net cash flow of the property. Once the net cash flow is determined, the value of the property is calculated using an appropriate capitalization rate for the property. The sales approach uses comparable sales prices in the market. When an internal evaluation is used, we place greater reliance on the income approach to value the collateral.

The Company

may

restructure a loan to enable a borrower experiencing financial difficulties to continue making payments when it is deemed to be in the Company’s best long-term interest. This restructure

may

include reducing the interest rate or amount of the monthly payment for a specified period of time, after which the interest rate and repayment terms revert to the original terms of the loan. We classify these loans as Troubled Debt Restructured (“TDR”).

These restructurings have

not

included a reduction of principal balance. The Company believes that restructuring these loans in this manner will allow certain borrowers to become and remain current on their loans. All loans classified as TDR are considered impaired, however TDR loans which have been current for

six

consecutive months at the time they are restructured as TDR remain on accrual status and are

not

included as part of non-performing loans. Loans which were delinquent at the time they are restructured as a TDR are placed on non-accrual status and reported as non-accrual performing TDR loans until they have made timely payments for

six

consecutive months.

The allocation of a portion of the allowance for loan losses for a performing TDR loan is based upon the present value of the future expected cash flows discounted at the loan’s original effective rate, or for a non-performing TDR loan which is collateral dependent, the fair value of the collateral. At

June 30, 2018,

there were

commitments to lend additional funds to borrowers whose loans were modified to a TDR. The modification of loans to a TDR did

not

have a significant effect on our operating results, nor did it require a significant allocation of the allowance for loan losses.

The Company did

not

modify any loans as TDR during the

three

and

six

months ended

June 30, 2018.

The following tables shows loans modified and classified as TDR during the periods indicated:

	For the three and six months ended June 30, 2017
(Dollars in thousands)	Number		Balance		Modification description


Taxi medallion		5	$	4,289	Three received a below market interest rate and a loan amortization extension, while two received an amortization extension.
Total		5	$	4,289

The recorded investment of the loans modified and classified as TDR presented in the table above, were unchanged as there was

principal forgiven in this modification.

The following table shows our recorded investment for loans classified as TDR that are performing according to their restructured terms at the periods indicated:

	June 30, 2018				December 31, 2017
(Dollars in thousands)	Number of contracts		Recorded investment		Number of contracts		Recorded investment

Multi-family residential		9	$	2,488		9	$	2,518
Commercial real estate		-		-		2		1,986
One-to-four family - mixed-use property		5		1,726		5		1,753
One-to-four family - residential		3		562		3		572
Taxi medallion		19		5,482		20		5,916
Commercial business and other		2		351		2		462
Total performing troubled debt restructured		38	$	10,609		41	$	13,207

During the

six

months ended

June 30, 2018,

we sold

one

commercial real estate TDR loan totaling

$1.8

million, for a loss of

$0.3

million and foreclosed on

one

taxi medallion TDR loan of

$35,000,

which is included in “Other Assets”. There were

TDR loans that defaulted during the period, which were within

months of their modification date.

The following table shows our recorded investment for loans classified as TDR that are

not

performing according to their restructured terms at the periods indicated:

	June 30, 2018				December 31, 2017
(Dollars in thousands)	Number of contracts		Recorded investment		Number of contracts		Recorded investment

Multi-family residential		1	$	383		1	$	383

Total troubled debt restructurings that subsequently defaulted		1	$	383		1	$	383

There were

TDR loans transferred to non-performing status during the

three

months ended

June 30, 2018

and

2017

and the

six

months ended

June 30, 2017.

The following table shows our non-performing loans at the periods indicated:

(In thousands)	June 30, 2018		December 31, 2017

Loans ninety days or more past due and still accruing:
Commercial real estate	$	-	$	2,424
Construction		730		-
Total		730		2,424

Non-accrual mortgage loans:
Multi-family residential		2,165		3,598
Commercial real estate		1,448		1,473
One-to-four family - mixed-use property		2,157		1,867
One-to-four family - residential		6,969		7,808
Co-operative apartments		575		-
Total		13,314		14,746

Non-accrual non-mortgage loans:
Small Business Administration		-		46
Taxi medallion		743		918
Commercial business and other		2		-
Total		745		964

Total non-accrual loans		14,059		15,710

Total non-performing loans	$	14,789	$	18,134

The following is a summary of interest foregone on non-accrual loans and loans classified as TDR for the periods indicated:

	For the three months ended June 30,				For the six months ended June 30,
	2018		2017		2018		2017
	(In thousands)
Interest income that would have been recognized had the loans performed in accordance with their original terms	$	390	$	433	$	798	$	848
Less: Interest income included in the results of operations		156		141		315		268
Total foregone interest	$	234	$	292	$	483	$	580

The following tables show an age analysis of our recorded investment in loans, including loans past maturity, at the periods indicated:

	June 30, 2018
(In thousands)	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater than 90 Days		Total Past Due		Current		Total Loans


Multi-family residential	$	2,887	$	410	$	2,165	$	5,462	$	2,242,390	$	2,247,852
Commercial real estate		4,139		3,206		1,448		8,793		1,463,101		1,471,894
One-to-four family - mixed-use property		2,080		-		2,157		4,237		560,237		564,474
One-to-four family - residential		767		400		6,969		8,136		179,605		187,741
Co-operative apartments		-		-		575		575		7,264		7,839
Construction loans		-		-		730		730		33,096		33,826
Small Business Administration		1,537		-		-		1,537		12,868		14,405
Taxi medallion		-		-		-		-		6,225		6,225
Commercial business and other		562		761		2		1,325		782,579		783,904
Total	$	11,972	$	4,777	$	14,046	$	30,795	$	5,287,365	$	5,318,160

	December 31, 2017
(In thousands)	30 - 59 Days Past Due		60 - 89 Days Past Due		Greater than 90 Days		Total Past Due		Current		Total Loans


Multi-family residential	$	2,533	$	279	$	3,598	$	6,410	$	2,267,185	$	2,273,595
Commercial real estate		1,680		2,197		3,897		7,774		1,360,338		1,368,112
One-to-four family - mixed-use property		1,570		860		1,867		4,297		559,909		564,206
One-to-four family - residential		1,921		680		7,623		10,224		170,439		180,663
Co-operative apartments		-		-		-		-		6,895		6,895
Construction loans		-		-		-		-		8,479		8,479
Small Business Administration		-		-		-		-		18,479		18,479
Taxi medallion		-		108		-		108		6,726		6,834
Commercial business and other		2		-		-		2		732,971		732,973
Total	$	7,706	$	4,124	$	16,985	$	28,815	$	5,131,421	$	5,160,236

The following tables show the activity in the allowance for loan losses for the

three

month periods indicated:

June 30, 2018
(In thousands)	Multi-family residential			Commercial real estate		One-to-four family - mixed-use property			One-to-four family - residential			Construction loans		Small Business Administration			Taxi medallion			Commercial business and other			Unallocated		Total

Allowance for credit losses:
Beginning balance	$	5,750		$	4,602	$	2,470		$	1,041		$	191	$	675		$	-		$	5,813		$	-	$	20,542
Charge-off's		(28	)		-		-			-			-		(27	)		(353	)		(8	)		-		(416	)
Recoveries		-			-		79			4			-		9			-			2			-		94
Provision (Benefit)		(184	)		124		(252	)		(42	)		73		(108	)		353			25			11		-
Ending balance	$	5,538		$	4,726	$	2,297		$	1,003		$	264	$	549		$	-		$	5,832		$	11	$	20,220

June 30, 2017
(In thousands)	Multi-family residential			Commercial real estate			One-to-four family - mixed-use property			One-to-four family - residential			Construction loans		Small Business Administration			Taxi medallion		Commercial business and other			Unallocated			Total

Allowance for credit losses:
Beginning balance	$	5,907		$	4,485		$	2,691		$	979		$	94	$	315		$	2,213	$	4,712		$	815		$	22,211
Charge-off's		(148	)		(4	)		(1	)		(170	)		-		(24	)		-		(3	)		-			(350	)
Recoveries		201			-			68			-			-		10			-		17			-			296
Provision (Benefit)		(43	)		207			(190	)		181			36		5			117		(58	)		(255	)		-
Ending balance	$	5,917		$	4,688		$	2,568		$	990		$	130	$	306		$	2,330	$	4,668		$	560		$	22,157

The following tables show the activity in the allowance for loan losses for the

six

month periods indicated:

June 30, 2018
(In thousands)	Multi-family residential			Commercial real estate		One-to-four family - mixed-use property			One-to-four family - residential			Construction loans		Small Business Administration			Taxi medallion			Commercial business and other			Unallocated		Total

Allowance for credit losses:
Beginning balance	$	5,823		$	4,643	$	2,545		$	1,082		$	68	$	669		$	-		$	5,521		$	-	$	20,351
Charge-off's		(81	)		-		-			(1	)		-		(52	)		(353	)		(14	)		-		(501	)
Recoveries		2			-		79			112			-		15			-			9			-		217
Provision (Benefit)		(206	)		83		(327	)		(190	)		196		(83	)		353			316			11		153
Ending balance	$	5,538		$	4,726	$	2,297		$	1,003		$	264	$	549		$	-		$	5,832		$	11	$	20,220

June 30, 2017
(In thousands)	Multi-family residential			Commercial real estate			One-to-four family - mixed-use property			One-to-four family - residential			Construction loans		Small Business Administration			Taxi medallion			Commercial business and other			Unallocated			Total

Allowance for credit losses:
Beginning balance	$	5,923		$	4,487		$	2,903		$	1,015		$	92	$	481		$	2,243		$	4,492		$	593		$	22,229
Charge-off's		(162	)		(4	)		(35	)		(170	)		-		(89	)		(54	)		(15	)		-			(529	)
Recoveries		231			68			68			-			-		49			-			41			-			457
Provision (Benefit)		(75	)		137			(368	)		145			38		(135	)		141			150			(33	)		-
Ending balance	$	5,917		$	4,688		$	2,568		$	990		$	130	$	306		$	2,330		$	4,668		$	560		$	22,157

The following tables show the manner in which loans were evaluated for impairment at the periods indicated:

June 30, 2018
(In thousands)	Multi-family residential		Commercial real estate		One-to-four family - mixed-use property		One-to-four family- residential		Co-operative apartments		Construction loans		Small Business Administration		Taxi medallion		Commercial business and other		Unallocated		Total
Financing Receivables:
Ending Balance	$	2,247,852	$	1,471,894	$	564,474	$	187,741	$	7,839	$	33,826	$	14,405	$	6,225	$	783,904	$	-	$	5,318,160
Ending balance: individually evaluated for impairment	$	6,482	$	4,967	$	5,625	$	8,733	$	-	$	730	$	49	$	6,225	$	16,136	$	-	$	48,947
Ending balance: collectively evaluated for impairment	$	2,241,370	$	1,466,927	$	558,849	$	179,008	$	7,839	$	33,096	$	14,356	$	-	$	767,768	$	-	$	5,269,213

Allowance for credit losses:
Ending balance: individually evaluated for impairment	$	147	$	-	$	159	$	53	$	-	$	-	$	-	$	-	$	4	$	-	$	363
Ending balance: collectively evaluated for impairment	$	5,391	$	4,726	$	2,138	$	950	$	-	$	264	$	549	$	-	$	5,828	$	11	$	19,857

December 31, 2017
(In thousands)	Multi-family residential		Commercial real estate		One-to-four family - mixed-use property		One-to-four family- residential		Co-operative apartments		Construction loans		Small Business Administration		Taxi medallion		Commercial business and other		Unallocated		Total
Financing Receivables:
Ending Balance	$	2,273,595	$	1,368,112	$	564,206	$	180,663	$	6,895	$	8,479	$	18,479	$	6,834	$	732,973	$	-	$	5,160,236
Ending balance: individually evaluated for impairment	$	7,311	$	9,089	$	5,445	$	9,686	$	-	$	-	$	137	$	6,834	$	661	$	-	$	39,163
Ending balance: collectively evaluated for impairment	$	2,266,284	$	1,359,023	$	558,761	$	170,977	$	6,895	$	8,479	$	18,342	$	-	$	732,312	$	-	$	5,121,073

Allowance for credit losses:
Ending balance: individually evaluated for impairment	$	205	$	177	$	198	$	56	$	-	$	-	$	-	$	-	$	6	$	-	$	642
Ending balance: collectively evaluated for impairment	$	5,618	$	4,466	$	2,347	$	1,026	$	-	$	68	$	669	$	-	$	5,515	$	-	$	19,709

The following table shows our recorded investment, unpaid principal balance and allocated allowance for loan losses for impaired loans at the periods indicated:

	June 30, 2018						December 31, 2017
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
	(In thousands)
With no related allowance recorded:
Mortgage loans:
Multi-family residential	$	4,285	$	4,814	$	-	$	5,091	$	5,539	$	-
Commercial real estate		4,967		4,967		-		7,103		7,103		-
One-to-four family mixed-use property		4,419		4,676		-		4,218		4,556		-
One-to-four family residential		8,326		9,281		-		9,272		10,489		-
Construction		730		730
Non-mortgage loans:
Small Business Administration		49		58		-		137		151		-
Taxi medallion		6,225		17,450		-		6,834		18,063		-
Commercial business and other		15,829		16,198		-		313		682		-

Total loans with no related allowance recorded		44,830		58,174		-		32,968		46,583		-

With an allowance recorded:
Mortgage loans:
Multi-family residential		2,197		2,197		147		2,220		2,220		205
Commercial real estate		-		-		-		1,986		1,986		177
One-to-four family mixed-use property		1,206		1,206		159		1,227		1,227		198
One-to-four family residential		407		407		53		414		414		56
Non-mortgage loans:
Commercial business and other		307		307		4		348		348		6

Total loans with an allowance recorded		4,117		4,117		363		6,195		6,195		642

Total Impaired Loans:
Total mortgage loans	$	26,537	$	28,278	$	359	$	31,531	$	33,534	$	636

Total non-mortgage loans	$	22,410	$	34,013	$	4	$	7,632	$	19,244	$	6

The following table shows our average recorded investment and interest income recognized for impaired loans for the

three

months ended:

	June 30, 2018				June 30, 2017
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
	(In thousands)
With no related allowance recorded:
Mortgage loans:
Multi-family residential	$	4,431	$	16	$	2,730	$	22
Commercial real estate		5,847		52		6,438		59
One-to-four family mixed-use property		4,397		39		5,560		41
One-to-four family residential		8,382		10		10,263		30
Construction		365		10		602		-
Non-mortgage loans:
Small Business Administration		74		1		160		2
Taxi medallion		6,421		86		4,352		25
Commercial business and other		7,954		308		2,187		43

Total loans with no related allowance recorded		37,871		522		32,292		222

With an allowance recorded:
Mortgage loans:
Multi-family residential		2,203		30		2,471		50
Commercial real estate		-		-		2,043		24
One-to-four family mixed-use property		1,212		15		1,450		16
One-to-four family residential		409		4		424		4
Non-mortgage loans:
Small Business Administration		-		-		-		-
Taxi medallion		-		-		14,216		50
Commercial business and other		318		4		391		6

Total loans with an allowance recorded		4,142		53		20,995		150

Total Impaired Loans:
Total mortgage loans	$	27,246	$	176	$	31,981	$	246

Total non-mortgage loans	$	14,767	$	399	$	21,306	$	126

The following table shows our average recorded investment and interest income recognized for impaired loans for the

six

months ended:

	June 30, 2018				June 30, 2017
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
	(In thousands)
With no related allowance recorded:
Mortgage loans:
Multi-family residential	$	4,651	$	36	$	3,040	$	45
Commercial real estate		6,266		126		5,788		154
One-to-four family mixed-use property		4,337		80		5,851		78
One-to-four family residential		8,678		25		10,028		56
Construction		243		10		401		7
Non-mortgage loans:
Small Business Administration		95		2		245		4
Taxi medallion		6,559		168		3,679		55
Commercial business and other		5,407		310		2,148		87

Total loans with no related allowance recorded		36,236		757		31,180		486

With an allowance recorded:
Mortgage loans:
Multi-family residential		2,208		59		2,401		79
Commercial real estate		662		-		2,049		48
One-to-four family mixed-use property		1,217		24		1,758		34
One-to-four family residential		411		8		425		8
Non-mortgage loans:
Small Business Administration		-		-		507		-
Taxi medallion		-		-		14,126		93
Commercial business and other		328		9		401		12

Total loans with an allowance recorded		4,826		100		21,667		274

Total Impaired Loans:
Total mortgage loans	$	28,673	$	368	$	31,741	$	509

Total non-mortgage loans	$	12,389	$	489	$	21,106	$	251

In accordance with our policy and the current regulatory guidelines, we designate loans as “Special Mention,” which are considered “Criticized Loans,” and “Substandard,” “Doubtful,” or “Loss,” which are considered “Classified Loans”. If a loan does

not

fall within

one

of the previous mentioned categories then the loan would be considered “Pass.” Loans that are non-accrual are designated as Substandard, Doubtful or Loss. These loan designations are updated quarterly. We designate a loan as Substandard when a well-defined weakness is identified that

may

jeopardize the orderly liquidation of the debt. We designate a loan Doubtful when it displays the inherent weakness of a Substandard loan with the added provision that collection of the debt in full, on the basis of existing facts, is highly improbable. We designate a loan as Loss if it is deemed the debtor is incapable of repayment. The Company does

not

hold any loans designated as Loss, as loans that are designated as Loss are charged to the Allowance for Loan Losses. We designate a loan as Special Mention if the asset does

not

warrant classification within

one

of the other classifications, but does contain a potential weakness that deserves closer attention.

The following table sets forth the recorded investment in loans designated as Criticized or Classified at the periods indicated:

	June 30, 2018
(In thousands)	Special Mention		Substandard		Doubtful		Loss		Total

Multi-family residential	$	3,432	$	3,994	$	-	$	-	$	7,426
Commercial real estate		4,475		4,206		-		-		8,681
One-to-four family - mixed-use property		1,223		3,899		-		-		5,122
One-to-four family - residential		883		7,597		-		-		8,480
Co-operative apartments		-		575		-		-		575
Construction loans		-		730		-		-		730
Small Business Administration		879		45		-		-		924
Taxi medallion		-		6,225		-		-		6,225
Commercial business and other		10,927		16,852		-		-		27,779
Total loans	$	21,819	$	44,123	$	-	$	-	$	65,942

	December 31, 2017
(In thousands)	Special Mention		Substandard		Doubtful		Loss		Total

Multi-family residential	$	6,389	$	4,793	$	-	$	-	$	11,182
Commercial real estate		2,020		8,871		-		-		10,891
One-to-four family - mixed-use property		2,835		3,691		-		-		6,526
One-to-four family - residential		2,076		9,115		-		-		11,191
Small Business Administration		548		108		-		-		656
Taxi medallion		-		6,834		-		-		6,834
Commercial business and other		14,859		545		-		-		15,404
Total loans	$	28,727	$	33,957	$	-	$	-	$	62,684

Commitments to extend credit (principally real estate mortgage loans) and lines of credit (principally home equity lines of credit and business lines of credit) amounted to

$25.2

million and

$300.8

million, respectively, at

June 30, 2018.