Loans

Loans are reported at their principal outstanding balance net of any unearned income, charge-offs, deferred loan fees and costs on originated loans and unamortized premiums or discounts on purchased loans. 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. Subsequent cash payments received on non-accrual loans that do

not

bring the loan to less than

days delinquent are recorded on a cash basis. Subsequent cash 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. 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.

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 is maintained to cover uncertainties that could affect management's estimate of probable losses. The unallocated component of the allowance reflects 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 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. 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. 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. All non-accrual loans are classified as impaired loans. 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 allowance for loan losses is established through charges to earnings in the form of a provision for loan losses. 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 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. Appraisals are obtained and/or updated internal evaluations are prepared as soon as practical, and before the loan becomes

days delinquent. The loan balances of collateral dependent impaired loans are compared to the property’s updated fair value. The Company considers fair value of collateral dependent loans to be

85%

of the appraised or internally estimated value of the property, except for taxi medallion loans. The fair value of the underlying collateral of taxi medallion loans is the value of the underlying medallion based upon the most recently reported arm’s length transaction. The balance which exceeds fair value is generally charged-off. In addition, taxi medallion loans on accrual status with a loan-to-value greater than

100%

are classified as impaired and allocated a portion of the ALLL in the amount of the excess of the loan-to-value over the loan’s principal balance. 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.

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. Interest income on impaired loans is recorded on the cash basis.

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 either through the sale of the loan or by foreclosure and sale of the property.

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.

In preparing internal evaluations of property values, the Company seeks to obtain current data on the subject property from various sources, including: (

) the borrower; (

) copies of existing leases; (

) local real estate brokers and appraisers; (

) public records (such as for real estate taxes and water and sewer charges); (

) comparable sales and rental data in the market; (

) an inspection of the property and (

) interviews with tenants. These internal evaluations primarily focus on the income approach and comparable sales data to value the property.

As of

June 30, 2017,

we utilized recent

third

party appraisals of the collateral to measure impairment for

$41.9

million, or

82.4%,

of collateral dependent impaired loans, and used internal evaluations of the property’s value for

$8.9

million, or

17.6%,

of collateral dependent impaired loans.

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 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, which is collateral dependent, the fair value of the collateral. At

June 30, 2017,

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 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

	For the three and six months ended
	June 30, 2016
(Dollars in thousands)	Number		Balance		Modification description

One-to-four family - residential		2	$	263	Received below market interest rates and amortization extensions.
Commercial business and other		2		739	One received an amortization extension and one received a below market interest rate and an amortization extension.
Total		4	$	1,002

The recorded investment of the loans modified and classified as TDR presented in the tables 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, 2017				December 31, 2016
	Number		Recorded		Number		Recorded
(Dollars in thousands)	of contracts		investment		of contracts		investment

Multi-family residential		9	$	2,546		9	$	2,572
Commercial real estate		2		2,037		2		2,062
One-to-four family - mixed-use property		5		1,778		5		1,800
One-to-four family - residential		3		581		3		591
Taxi medallion		17		13,870		12		9,735
Commercial business and other		2		566		2		675

Total performing troubled debt restructured		38	$	21,378		33	$	17,435

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, 2017				December 31, 2016
	Number		Recorded		Number		Recorded
(Dollars in thousands)	of contracts		investment		of contracts		investment

Multi-family residential		1	$	383		1	$	396

Total troubled debt restructurings that subsequently defaulted		1	$	383		1	$	396

During the

three

and

six

months ended

June 30, 2017

and

2016

there were

TDR loans transferred to non-performing status.

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

	June 30,		December 31,
(In thousands)	2017		2016

Loans ninety days or more past due and still accruing:
One-to-four family - mixed-use property	$	-	$	386
Construction		602		-
Taxi medallion		727		-
Total		1,329		386

Non-accrual mortgage loans:
Multi-family residential		1,537		1,837
Commercial real estate		1,948		1,148
One-to-four family - mixed-use property		2,971		4,025
One-to-four family - residential		7,616		8,241
Total		14,072		15,251

Non-accrual non-mortgage loans:
Small Business Administration		53		1,886
Taxi medallion		-		3,825
Commercial business and other		5		68
Total		58		5,779

Total non-accrual loans		14,130		21,030

Total non-performing loans	$	15,459	$	21,416

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				For the six months ended
	June 30,				June 30,
	2017		2016		2017		2016
	(In thousands)
Interest income that would have been recognized had the loans performed in accordance with their original terms	$	433	$	476	$	848	$	948
Less: Interest income included in the results of operations		141		101		268		213
Total foregone interest	$	292	$	375	$	580	$	735

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

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

Multi-family residential	$	4,380	$	417	$	1,537	$	6,334	$	2,237,309	$	2,243,643
Commercial real estate		1,106		1,671		1,948		4,725		1,344,909		1,349,634
One-to-four family - mixed-use property		1,807		675		2,971		5,453		551,453		556,906
One-to-four family - residential		789		322		7,426		8,537		172,676		181,213
Co-operative apartments		-		-		-		-		7,069		7,069
Construction loans		-		576		602		1,178		15,664		16,842
Small Business Administration		-		-		-		-		10,591		10,591
Taxi medallion		-		-		727		727		17,576		18,303
Commercial business and other		4		-		5		9		644,253		644,262
Total	$	8,086	$	3,661	$	15,216	$	26,963	$	5,001,500	$	5,028,463

	December 31, 2016
					Greater
	30 - 59 Days		60 - 89 Days		than		Total Past
(In thousands)	Past Due		Past Due		90 Days		Due		Current		Total Loans

Multi-family residential	$	2,575	$	287	$	1,837	$	4,699	$	2,173,805	$	2,178,504
Commercial real estate		3,363		22		1,148		4,533		1,241,599		1,246,132
One-to-four family - mixed-use property		4,671		762		4,411		9,844		548,658		558,502
One-to-four family - residential		3,831		194		8,047		12,072		173,695		185,767
Co-operative apartments		-		-		-		-		7,418		7,418
Construction loans		-		-		-		-		11,495		11,495
Small Business Administration		13		-		1,814		1,827		13,371		15,198
Taxi medallion		-		-		3,825		3,825		15,171		18,996
Commercial business and other		22		1		-		23		597,099		597,122
Total	$	14,475	$	1,266	$	21,082	$	36,823	$	4,782,311	$	4,819,134

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

three

month periods indicated:

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

June 30, 2016
(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	$	6,298		$	4,201	$	3,507		$	1,042		$	55	$	269		$	335	$	4,591		$	1,695		$	21,993
Charge-off's		(23	)		-		(54	)		(8	)		-		(1	)		-		(15	)		-			(101	)
Recoveries		206			-		18			1			-		43			-		38			-			306
Provision (Benefit)		(304	)		244		(145	)		9			20		263			707		55			(849	)		-
Ending balance	$	6,177		$	4,445	$	3,326		$	1,044		$	75	$	574		$	1,042	$	4,669		$	846		$	22,198

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

six

month periods indicated:

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

June 30, 2016
(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	$	6,718		$	4,239	$	4,227		$	1,227		$	50	$	262		$	343	$	4,469		$	-	$	21,535
Charge-off's		(65	)		-		(68	)		(74	)		-		(1	)		-		(40	)		-		(248	)
Recoveries		219			-		205			366			-		74			-		47			-		911
Provision (Benefit)		(695	)		206		(1,038	)		(475	)		25		239			699		193			846		-
Ending balance	$	6,177		$	4,445	$	3,326		$	1,044		$	75	$	574		$	1,042	$	4,669		$	846	$	22,198

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

June 30, 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	$	2,243,643	$	1,349,634	$	556,906	$	181,213	$	7,069	$	16,842	$	10,591	$	18,303	$	644,262	$	-	$	5,028,463
Ending balance: individually evaluated for impairment	$	5,102	$	7,552	$	6,708	$	10,806	$	-	$	602	$	150	$	18,303	$	2,508	$	-	$	51,731
Ending balance: collectively evaluated for impairment	$	2,238,541	$	1,342,082	$	550,198	$	170,407	$	7,069	$	16,240	$	10,441	$	-	$	641,754	$	-	$	4,976,732

Allowance for credit losses:
Ending balance: individually evaluated for impairment	$	328	$	157	$	214	$	57	$	-	$	-	$	-	$	2,330	$	9	$	-	$	3,095
Ending balance: collectively evaluated for impairment	$	5,589	$	4,531	$	2,354	$	933	$	-	$	130	$	306	$	-	$	4,659	$	560	$	19,062

December 31, 2016
(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	$	2,178,504	$	1,246,132	$	558,502	$	185,767	$	7,418	$	11,495	$	15,198	$	18,996	$	597,122	$	-	$	4,819,134
Ending balance: individually evaluated for impairment	$	5,923	$	6,551	$	8,809	$	9,989	$	-	$	-	$	1,937	$	16,282	$	2,492	$	-	$	51,983
Ending balance: collectively evaluated for impairment	$	2,172,581	$	1,239,581	$	549,693	$	175,778	$	7,418	$	11,495	$	13,261	$	2,714	$	594,630	$	-	$	4,767,151

Allowance for credit losses:
Ending balance: individually evaluated for impairment	$	232	$	179	$	417	$	60	$	-	$	-	$	90	$	2,236	$	12	$	-	$	3,226
Ending balance: collectively evaluated for impairment	$	5,691	$	4,308	$	2,486	$	955	$	-	$	92	$	391	$	7	$	4,480	$	593	$	19,003

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

	June 30, 2017						December 31, 2016
			Unpaid						Unpaid
	Recorded		Principal		Related		Recorded		Principal		Related
	Investment		Balance		Allowance		Investment		Balance		Allowance
	(In thousands)
With no related allowance recorded:
Mortgage loans:
Multi-family residential	$	2,412	$	2,695	$	-	$	3,660	$	3,796	$	-
Commercial real estate		5,516		5,543		-		4,489		4,516		-
One-to-four family mixed-use property		5,459		5,833		-		6,435		6,872		-
One-to-four family residential		10,384		11,649		-		9,560		11,117		-
Construction		602		602		-		-		-		-
Non-mortgage loans:
Small Business Administration		150		236		-		416		509		-
Taxi medallion		3,746		3,746		-		2,334		2,476		-
Commercial business and other		2,127		2,496		-		2,072		2,443		-

Total loans with no related allowance recorded		30,396		32,800		-		28,966		31,729		-

With an allowance recorded:
Mortgage loans:
Multi-family residential		2,690		2,705		328		2,263		2,263		232
Commercial real estate		2,036		2,037		157		2,062		2,062		179
One-to-four family mixed-use property		1,249		1,249		214		2,374		2,376		417
One-to-four family residential		422		422		57		429		429		60
Non-mortgage loans:
Small Business Administration		-		-		-		1,521		1,909		90
Taxi medallion		14,557		14,557		2,330		13,948		13,948		2,236
Commercial business and other		381		381		9		420		420		12

Total loans with an allowance recorded		21,335		21,351		3,095		23,017		23,407		3,226

Total Impaired Loans:
Total mortgage loans	$	30,770	$	32,735	$	756	$	31,272	$	33,431	$	888

Total non-mortgage loans	$	20,961	$	21,416	$	2,339	$	20,711	$	21,705	$	2,338

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

three

months ended:

	June 30, 2017				June 30, 2016
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
	(In thousands)
With no related allowance recorded:
Mortgage loans:
Multi-family residential	$	2,730	$	22	$	5,920	$	33
Commercial real estate		6,438		59		5,077		45
One-to-four family mixed-use property		5,560		41		8,928		41
One-to-four family residential		10,263		30		10,649		25
Construction		602		-		570		7
Non-mortgage loans:
Small Business Administration		160		2		257		3
Taxi medallion		4,352		25		-		-
Commercial business and other		2,187		43		2,313		46

Total loans with no related allowance recorded		32,292		222		33,714		200

With an allowance recorded:
Mortgage loans:
Multi-family residential		2,471		50		2,289		29
Commercial real estate		2,043		24		2,222		24
One-to-four family mixed-use property		1,450		16		2,617		34
One-to-four family residential		424		4		389		4
Non-mortgage loans:
Small Business Administration		-		-		413		10
Taxi medallion		14,216		50		4,237		44
Commercial business and other		391		6		1,225		7

Total loans with an allowance recorded		20,995		150		13,392		152

Total Impaired Loans:
Total mortgage loans	$	31,981	$	246	$	38,661	$	242

Total non-mortgage loans	$	21,306	$	126	$	8,445	$	110

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

six

months ended:

	June 30, 2017				June 30, 2016
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
	(In thousands)
With no related allowance recorded:
Mortgage loans:
Multi-family residential	$	3,040	$	45	$	5,861	$	67
Commercial real estate		5,788		154		4,655		90
One-to-four family mixed-use property		5,851		78		9,313		88
One-to-four family residential		10,028		56		11,184		52
Construction		401		7		713		14
Non-mortgage loans:
Small Business Administration		245		4		263		6
Taxi medallion		3,679		55		-		-
Commercial business and other		2,148		87		2,436		93

Total loans with no related allowance recorded		31,180		486		34,425		410

With an allowance recorded:
Mortgage loans:
Multi-family residential		2,401		79		2,294		58
Commercial real estate		2,049		48		2,272		49
One-to-four family mixed-use property		1,758		34		2,660		68
One-to-four family residential		425		8		373		7
Non-mortgage loans:
Small Business Administration		507		-		287		19
Taxi medallion		14,126		93		3,531		88
Commercial business and other		401		12		1,494		14

Total loans with an allowance recorded		21,667		274		12,911		303

Total Impaired Loans:
Total mortgage loans	$	31,741	$	509	$	39,325	$	493

Total non-mortgage loans	$	21,106	$	251	$	8,011	$	220

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.” These loan designations are updated quarterly. We designate a loan as Substandard when a well-defined weakness is identified that jeopardizes 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-off. Loans that are non-accrual are designated as Substandard, Doubtful or Loss. 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 dates indicated:

	June 30, 2017
(In thousands)	Special Mention		Substandard		Doubtful		Loss		Total

Multi-family residential	$	8,312	$	2,554	$	-	$	-	$	10,866
Commercial real estate		2,295		5,516		-		-		7,811
One-to-four family - mixed-use property		3,050		4,929		-		-		7,979
One-to-four family - residential		843		10,225		-		-		11,068
Construction loans		576		602		-		-		1,178
Small Business Administration		525		107		-		-		632
Taxi medallion		-		18,303		-		-		18,303
Commercial business and other		8,772		2,508		-		-		11,280
Total loans	$	24,373	$	44,744	$	-	$	-	$	69,117

	December 31, 2016
(In thousands)	Special Mention		Substandard		Doubtful		Loss		Total

Multi-family residential	$	7,133	$	3,351	$	-	$	-	$	10,484
Commercial real estate		2,941		4,489		-		-		7,430
One-to-four family - mixed-use property		4,197		7,009		-		-		11,206
One-to-four family - residential		1,205		9,399		-		-		10,604
Small Business Administration		540		436		-		-		976
Taxi medallion		2,715		16,228		54		-		18,997
Commercial business and other		9,924		2,493		-		-		12,417
Total loans	$	28,655	$	43,405	$	54	$	-	$	72,114

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

$77.1

million and

$243.0

million, respectively, at

June 30, 2017.