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Loans (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]


	At or three months ended March 31, 2020
				Non-Accrual				Loans ninety days
		Total Non-Accrual		with no related		Interest Income		or more past due
(In thousands)		Amortized Cost		Allowance		Recognized		and still accruing:
Multi-family residential	$	2,763	$	2,763	$	—	$	—
Commercial real estate		8		8		—		—
One-to-four family - mixed-use property		627		346		—		—
One-to-four family - residential		4,588		4,588		—		—
Construction loans		—		—		—		—
Small Business Administration		1,544		1,544		—		—
Taxi Medallion ⁽¹⁾		1,763		1,763		9		—
Commercial business and other ⁽¹⁾		5,006		5,001		—		—
Total	$	16,299	$	16,013	$	9	$	—

Schedule Of Interest Foregone On Non Accrual And TDR Loans [Table Text Block]


	For the three months ended
	March 31,
	2020		2019

Interest income that would have been recognized had the loans performed in accordance with their original terms	$	375	$	394
Less: Interest income included in the results of operations		89		118
Total foregone interest	$	286	$	276

Past Due Financing Receivables [Table Text Block]


	March 31, 2020
					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	$	1,919	$	—	$	2,763	$	4,682	$	2,274,090	$	2,278,772
Commercial real estate		5,206		—		8		5,214		1,661,599		1,666,813
One-to-four family - mixed-use property		3,283		—		627		3,910		592,435		596,345
One-to-four family - residential		1,322		381		4,588		6,291		193,593		199,884
Construction loans		—		—		—		—		66,524		66,524
Small Business Administration		—		—		1,544		1,544		12,961		14,505
Taxi medallion		—		—		1,195		1,195		2,087		3,282
Commercial business and other		645		153		4,968		5,766		1,100,197		1,105,963
Total	$	12,375	$	534	$	15,693	$	28,602	$	5,903,486	$	5,932,088

The following tables show by delinquency an analysis of our recorded investment in loans at the periods indicated by class of loans:


	December 31, 2019
					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	$	4,042	$	1,563	$	2,741	$	8,346	$	2,230,245	$	2,238,591
Commercial real estate		—		4,941		367		5,308		1,576,700		1,582,008
One-to-four family - mixed-use property		1,117		496		274		1,887		590,584		592,471
One-to-four family - residential		720		1,022		5,139		6,881		181,335		188,216
Co-operative apartments		—		—		—		—		8,663		8,663
Construction loans		—		—		—		—		67,754		67,754
Small Business Administration		—		—		1,151		1,151		13,294		14,445
Taxi medallion		—		—		1,065		1,065		2,244		3,309
Commercial business and other		2,340		5		1,945		4,290		1,057,188		1,061,478
Total	$	8,219	$	8,027	$	12,682	$	28,928	$	5,728,007	$	5,756,935

Allowance for Credit Losses on Financing Receivables [Table Text Block]


	March 31, 2020
					One-to-four
					family -		One-to-four								Commercial
	Multi-family		Commercial		mixed-use		family -		Construction		Small Business		Taxi		business and
(In thousands)	residential		real estate		property		residential		loans		Administration		medallion		other		Total
Allowance for credit losses:
Beginning balance	$	5,391	$	4,429	$	1,817	$	756	$	441	$	363	$	—	$	8,554	$	21,751
Impact of CECL Adoption		(651)		1,170		(55)		(159)		(279)		1,180		—		(827)		379
Charge-offs		—		—		—		—		—		—		—		(1,259)		(1,259)
Recoveries		7		—		78		4		—		7		—		14		110
Provision (benefit)		1,148		1,192		330		291		23		(22)		—		4,155		7,117
Ending balance	$	5,895	$	6,791	$	2,170	$	892	$	185	$	1,528	$	—	$	10,637	$	28,098


	March 31, 2019
					One-to-four
					family -		One-to-four								Commercial
	Multi-family		Commercial		mixed-use		family -		Construction		Small Business		Taxi		business and
(In thousands)	residential		real estate		property		residential		loans		Administration		medallion		other		Total
Allowance for credit losses:
Beginning balance	$	5,676	$	4,315	$	1,867	$	749	$	329	$	418	$	—	$	7,591	$	20,945
Charge-offs		—		—		(1)		—		—		—		—		(1,137)		(1,138)
Recoveries		13		—		86		4		—		4		84		45		236
Provision (benefit)		(196)		(37)		(161)		(22)		22		(13)		(84)		1,463		972
Ending balance	$	5,493	$	4,278	$	1,791	$	731	$	351	$	409	$	—	$	7,962	$	21,015

Financing Receivable Credit Quality Indicators [Table Text Block]

The following table summarizes the risk category of mortgage and non-mortgage loans by loan portfolio segments and class of loans by year of origination :


	For the year ended
														Revolving Loans,		Lines of Credit
														Amortized Cost		converted to
(In thousands)		2020		2019		2018		2017		2016		Prior		Basis		term loans
1-4 Family Residential
Pass	$	8,526	$	26,292	$	29,807	$	16,352	$	11,399	$	65,998	$	9,361	$	22,132
Watch		—		—		—		—		—		2,759		—		1,809
Special Mention		—		—		—		—		—		444		146		147
Substandard		—		—		—		—		950		2,906		—		856
Total 1-4 Family Residential	$	8,526	$	26,292	$	29,807	$	16,352	$	12,349	$	72,107	$	9,507	$	24,944
1-4 Family Mixed-Use
Pass	$	15,189	$	70,064	$	78,136	$	63,655	$	54,009	$	304,415	$	—	$	—
Watch		—		—		793		—		1,325		7,148		—		—
Special Mention		—		—		—		—		—		984		—		—
Substandard		—		—		—		—		—		627		—		—
Total 1-4 Family Mixed Use	$	15,189	$	70,064	$	78,929	$	63,655	$	55,334	$	313,174	$	—	$	—
Commercial Real Estate
Pass	$	75,893	$	254,086	$	283,515	$	194,618	$	239,116	$	511,871	$	—	$	—
Watch		4,979		9,762		—		4,963		20,748		66,711		—		—
Special Mention		—		—		—		—		—		543		—		—
Substandard		—		—		—		—		—		8		—		—
Total Commercial Real Estate	$	80,872	$	263,848	$	283,515	$	199,581	$	259,864	$	579,133	$	—	$	—
Construction
Pass	$	4,885	$	15,633	$	35,934	$	—	$	9,394	$	—	$	—	$	—
Special Mention		—		—		678		—		—		—		—		—
Total Construction	$	4,885	$	15,633	$	36,612	$	—	$	9,394	$	—	$	—	$	—
Multifamily
Pass	$	68,498	$	313,608	$	369,264	$	376,202	$	283,128	$	846,228	$	4,460	$	—
Watch		—		—		—		2,158		2,843		9,620		—		—
Substandard		—		—		1,974		—		—		789		—		—
Total Multifamily	$	68,498	$	313,608	$	371,238	$	378,360	$	285,971	$	856,637	$	4,460	$	—
Commercial Business - Secured by RE
Pass	$	27,601	$	117,070	$	59,408	$	22,399	$	44,964	$	85,736	$	—	$	—
Watch		—		—		6,647		1,320		2,701		3,276		—		—
Special Mention		—		—		—		—		—		423		—		—
Substandard		—		—		—		—		—		2,330		—		—
Total Commercial Business - Secured by RE	$	27,601	$	117,070	$	66,055	$	23,719	$	47,665	$	91,765	$	—	$	—
Commercial Business
Pass	$	39,770	$	151,169	$	117,548	$	73,802	$	18,931	$	73,775	$	213,463	$	—
Watch		1,221		1,001		2,372		3,114		445		587		19,162		—
Special Mention		—		—		15				2,683		463		317		—
Substandard		—		577		340		3,386		6,255		1,211		94		—
Doubtful		—		—		—		—		—		108		—		—
Total Commercial Business	$	40,991	$	152,747	$	120,275	$	80,302	$	28,314	$	76,144	$	233,036	$	—
Small Business Administration
Pass	$	—	$	986	$	3,626	$	1,072	$	2,704	$	2,220	$	—	$	—
Watch		—		—		—		2,299		—		—		—		—
Special Mention		—		—		—		—		—		54		—		—
Substandard		—		—		—		1,170		374		—		—		—
Total Small Business Administration	$	—	$	986	$	3,626	$	4,541	$	3,078	$	2,274	$	—	$	—
Taxi Medallions
Substandard		—		—		—		—		—		3,282		—		—
Total Taxi Medallions	$	—	$	—	$	—	$	—	$	—	$	3,282	$	—	$	—
Other
Pass	$	—	$	—	$	—	$	—	$	—	$	105	$	171	$	—
Watch		—		—		—		—		—		—		3		—
Total Other	$	—	$	—	$	—	$	—	$	—	$	105	$	174	$	—

Total Loans	$	246,562	$	960,248	$	990,057	$	766,510	$	701,969	$	1,994,621	$	247,177	$	24,944

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


	December 31, 2019
(In thousands)	Special Mention		Substandard		Doubtful		Loss		Total
Multi-family residential	$	1,563	$	2,743	$	—	$	—	$	4,306
Commercial real estate		5,525		367		—		—		5,892
One-to-four family - mixed-use property		1,585		453		—		—		2,038
One-to-four family - residential		1,095		5,787		—		—		6,882
Construction		—		—		—		—		—
Small Business Administration		55		85		—		—		140
Taxi medallion		—		3,309		—		—		3,309
Commercial business and other		3,924		11,289		266		—		15,479
Total loans	$	13,747	$	24,033	$	266	$	—	$	38,046

Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]



	Collateral Type
(In thousands)		Real Estate		Business Assets
Multi-family residential	$	2,763	$	—
Commercial real estate		8		—
One-to-four family - mixed-use property		627		—
One-to-four family - residential		4,588		—
Small Business Administration		—		1,544
Commercial business and other		—		5,000
Taxi Medallion		—		3,282
Total	$	7,986	$	9,826

Nonperforming Financial Instruments [Member]

Notes Tables

Troubled Debt Restructurings on Financing Receivables [Table Text Block]


	March 31, 2020			December 31, 2019
	Number	Recorded		Number	Recorded
(Dollars in thousands)	of contracts	investment		of contracts	investment
Taxi medallion	5	$	1,195	4	$	1,065
Commercial business and other	1		279	1		279
Total troubled debt restructurings that subsequently defaulted	6	$	1,474	5	$	1,344

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]


	December 31,
(In thousands)	2019
Loans ninety days or more past due and still accruing:
Multi-family residential	$	445
Total		445
Non-accrual mortgage loans:
Multi-family residential		2,296
Commercial real estate		367
One-to-four family - mixed-use property		274
One-to-four family - residential		5,139
Total		8,076
Non-accrual non-mortgage loans:
Small Business Administration		1,151
Taxi medallion⁽¹⁾		1,641
Commercial business and other ⁽¹⁾		1,945
Total		4,737
Total non-accrual loans		12,813
Total non-performing loans	$	13,258

(1)	Not included in the above analysis are non-accrual performing TDR taxi medallion loans totaling $1.7 million at December 31, 2019, respectively and non-accrual performing TDR commercial business loans totaling $0.9 million at December 31, 2019.

Performing According to Restructured Terms [Member]

Notes Tables

Troubled Debt Restructurings on Financing Receivables [Table Text Block]


	March 31, 2020			December 31, 2019
	Number	Recorded		Number	Recorded
(Dollars in thousands)	of contracts	investment		of contracts	investment
Multi-family residential	7	$	1,868	7	$	1,873
One-to-four family - mixed-use property	4		1,483	4		1,481
One-to-four family - residential	3		525	3		531
Taxi medallion ⁽¹⁾	6		1,520	7		1,668
Commercial business and other	3		950	3		941
Total performing troubled debt restructured	23	$	6,346	24	$	6,494

(1)

Taxi medallion loans in the table above continue to pay as agreed, however the company records interest received on a cash basis.