XML 28 R14.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Allowances for Loan Losses | 12 Months Ended
--- | ---
Dec. 31, 2015
Allowances for Loan Losses | NOTE 6: ALLOWANCES FOR LOAN LOSSES The following tables provide additional information regarding the Company’s allowances for losses on non-covered loans and covered loans, based upon the method of evaluating loan impairment:
(in thousands) |  | Mortgage |  |  | Other |  |  | Total |
Allowances for Loan Losses at December 31, 2015: |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | $ | — |  |  | $ | — |  |  | $ | — |
Loans collectively evaluated for impairment |  |  | 122,712 |  |  |  | 22,484 |  |  |  | 145,196 |
Acquired loans with deteriorated credit quality |  |  | 14,583 |  |  |  | 18,740 |  |  |  | 33,323 |
Total |  | $ | 137,295 |  |  | $ | 41,224 |  |  | $ | 178,519 |
(in thousands) |  | Mortgage |  |  | Other |  |  | Total |
Allowances for Loan Losses at December 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | $ | 26 |  |  | $ | — |  |  | $ | 26 |
Loans collectively evaluated for impairment |  |  | 122,590 |  |  |  | 17,241 |  |  |  | 139,831 |
Acquired loans with deteriorated credit quality |  |  | 23,538 |  |  |  | 21,943 |  |  |  | 45,481 |
Total |  | $ | 146,154 |  |  | $ | 39,184 |  |  | $ | 185,338 |
The following tables provide additional information regarding the methods used to evaluate the Company’s loan portfolio for impairment:
(in thousands) |  | Mortgage |  |  | Other |  |  | Total |
Loans Receivable at December 31, 2015: |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | $ | 47,480 |  |  | $ | 4,474 |  |  | $ | 51,954 |
Loans collectively evaluated for impairment |  |  | 34,209,870 |  |  |  | 1,470,321 |  |  |  | 35,680,191 |
Acquired loans with deteriorated credit quality |  |  | 1,924,255 |  |  |  | 144,178 |  |  |  | 2,068,433 |
Total |  | $ | 36,181,605 |  |  | $ | 1,618,973 |  |  | $ | 37,800,578 |
(in thousands) |  | Mortgage |  |  | Other |  |  | Total |
Loans Receivable at December 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |
Loans individually evaluated for impairment |  | $ | 81,574 |  |  | $ | 6,806 |  |  | $ | 88,380 |
Loans collectively evaluated for impairment |  |  | 31,781,623 |  |  |  | 1,134,358 |  |  |  | 32,915,981 |
Acquired loans with deteriorated credit quality |  |  | 2,227,572 |  |  |  | 201,050 |  |  |  | 2,428,622 |
Total |  | $ | 34,090,769 |  |  | $ | 1,342,214 |  |  | $ | 35,432,983 |
Allowance for Losses on Non-Covered Loans The following table summarizes activity in the allowance for losses on non-covered loans for the twelve months ended December 31, 2015 and 2014:
|  | December 31, |
|  | 2015 |  |  | 2014 |
(in thousands) |  | Mortgage |  |  | Other |  |  | Total |  |  | Mortgage |  |  | Other |  |  | Total |
Balance, beginning of period |  | $ | 122,616 |  |  | $ | 17,241 |  |  | $ | 139,857 |  |  | $ | 123,991 |  |  | $ | 17,955 |  |  | $ | 141,946 |
Charge-offs |  |  | (1,315 | ) |  |  | (1,273 | ) |  |  | (2,588 | ) |  |  | (2,780 | ) |  |  | (5,296 | ) |  |  | (8,076 | )
Recoveries |  |  | 5,765 |  |  |  | 5,008 |  |  |  | 10,773 |  |  |  | 1,405 |  |  |  | 4,582 |  |  |  | 5,987 |
Transfer from the allowance for losses on covered loans (1) |  |  | 2,250 |  |  |  | 166 |  |  |  | 2,416 |  |  |  | — |  |  |  | — |  |  |  | — |
(Recovery of) provision for non-covered loan losses |  |  | (4,838 | ) |  |  | 1,504 |  |  |  | (3,334 | ) |  |  | — |  |  |  | — |  |  |  | — |
Balance, end of period |  | $ | 124,478 |  |  | $ | 22,646 |  |  | $ | 147,124 |  |  | $ | 122,616 |  |  | $ | 17,241 |  |  | $ | 139,857 |
(1) | Represents the allowance associated with $14.2 million of loans acquired in the Desert Hills transaction that were transferred from covered loans to non-covered loans upon expiration of the related FDIC loss sharing agreement in March 2015.
Please see Note 2, “Summary of Significant Accounting Polices” for additional information regarding the Company’s allowance for losses on non-covered loans. The following table presents additional information about the Company’s impaired non-covered loans at December 31, 2015:
(in thousands) |  | Recorded Investment |  |  | Unpaid Principal Balance |  |  | Related Allowance |  |  | Average Recorded Investment |  |  | Interest Income Recognized |
Impaired loans with no related allowance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Multi-family |  | $ | 27,464 |  |  | $ | 29,379 |  |  | $ | — |  |  | $ | 30,965 |  |  | $ | 1,320 |
Commercial real estate |  |  | 13,995 |  |  |  | 15,480 |  |  |  | — |  |  |  | 25,066 |  |  |  | 383 |
One-to-four family |  |  | 3,384 |  |  |  | 8,929 |  |  |  | — |  |  |  | 2,302 |  |  |  | 75 |
Acquisition, development, and construction |  |  | 2,637 |  |  |  | 3,035 |  |  |  | — |  |  |  | 1,086 |  |  |  | 148 |
Other |  |  | 4,474 |  |  |  | 4,794 |  |  |  | — |  |  |  | 8,386 |  |  |  | 118 |
Total impaired loans with no related allowance |  | $ | 51,954 |  |  | $ | 61,617 |  |  | $ | — |  |  | $ | 67,805 |  |  | $ | 2,044 |
Impaired loans with an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Multi-family |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
One-to-four family |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Acquisition, development, and construction |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total impaired loans with an allowance recorded |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Multi-family |  | $ | 27,464 |  |  | $ | 29,379 |  |  | $ | — |  |  | $ | 30,965 |  |  | $ | 1,320 |
Commercial real estate |  |  | 13,995 |  |  |  | 15,480 |  |  |  | — |  |  |  | 25,066 |  |  |  | 383 |
One-to-four family |  |  | 3,384 |  |  |  | 8,929 |  |  |  | — |  |  |  | 2,302 |  |  |  | 75 |
Acquisition, development, and construction |  |  | 2,637 |  |  |  | 3,035 |  |  |  | — |  |  |  | 1,086 |  |  |  | 148 |
Other |  |  | 4,474 |  |  |  | 4,794 |  |  |  | — |  |  |  | 8,386 |  |  |  | 118 |
Total impaired loans |  | $ | 51,954 |  |  | $ | 61,617 |  |  | $ | — |  |  | $ | 67,805 |  |  | $ | 2,044 |
The following table presents additional information about the Company’s impaired non-covered loans at December 31, 2014:
(in thousands) |  | Recorded Investment |  |  | Unpaid Principal Balance |  |  | Related Allowance |  |  | Average Recorded Investment |  |  | Interest Income Recognized |
Impaired loans with no related allowance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Multi-family |  | $ | 45,383 |  |  | $ | 52,593 |  |  | $ | — |  |  | $ | 54,051 |  |  | $ | 1,636 |
Commercial real estate |  |  | 30,370 |  |  |  | 32,460 |  |  |  | — |  |  |  | 29,935 |  |  |  | 1,629 |
One-to-four family |  |  | 2,028 |  |  |  | 2,069 |  |  |  | — |  |  |  | 1,254 |  |  |  | — |
Acquisition, development, and construction |  |  | 654 |  |  |  | 1,024 |  |  |  | — |  |  |  | 505 |  |  |  | 218 |
Commercial and industrial |  |  | 6,806 |  |  |  | 12,155 |  |  |  | — |  |  |  | 7,749 |  |  |  | 307 |
Total impaired loans with no related allowance |  | $ | 85,241 |  |  | $ | 100,301 |  |  | $ | — |  |  | $ | 93,494 |  |  | $ | 3,790 |
Impaired loans with an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Multi-family |  | $ | 3,139 |  |  | $ | 3,139 |  |  | $ | 26 |  |  | $ | 628 |  |  | $ | 72 |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 490 |  |  |  | — |
One-to-four family |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 61 |  |  |  | — |
Acquisition, development, and construction |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial and industrial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total impaired loans with an allowance recorded |  | $ | 3,139 |  |  | $ | 3,139 |  |  | $ | 26 |  |  | $ | 1,179 |  |  | $ | 72 |
Total impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Multi-family |  | $ | 48,522 |  |  | $ | 55,732 |  |  | $ | 26 |  |  | $ | 54,679 |  |  | $ | 1,708 |
Commercial real estate |  |  | 30,370 |  |  |  | 32,460 |  |  |  | — |  |  |  | 30,425 |  |  |  | 1,629 |
One-to-four family |  |  | 2,028 |  |  |  | 2,069 |  |  |  | — |  |  |  | 1,315 |  |  |  | — |
Acquisition, development, and construction |  |  | 654 |  |  |  | 1,024 |  |  |  | — |  |  |  | 505 |  |  |  | 218 |
Commercial and industrial |  |  | 6,806 |  |  |  | 12,155 |  |  |  | — |  |  |  | 7,749 |  |  |  | 307 |
Total impaired loans |  | $ | 88,380 |  |  | $ | 103,440 |  |  | $ | 26 |  |  | $ | 94,673 |  |  | $ | 3,862 |
Allowance for Losses on Covered Loans Covered loans are reported exclusive of the FDIC loss share receivable and are reviewed for collectability based on the expectations of cash flows from these loans. Covered loans have been aggregated into pools of loans with common characteristics. In determining the allowance for losses on covered loans, the Company periodically performs an analysis to estimate the expected cash flows for each of the pools of loans. The Company records a recovery of, or provision for, losses on covered loans to the extent that the expected cash flows from a loan pool have increased, or decreased, since the acquisition date. Accordingly, if there is an increase in expected cash flows due to a decrease in estimated credit losses (as compared to the estimates made at the respective acquisition dates), the increase in the present value of expected cash flows is recorded as a recovery of the prior-period impairment charged to earnings, and the allowance for covered loan losses is reduced. A related debit to non-interest income and a decrease in the FDIC loss share receivable is recognized at the same time, and measured based on the applicable loss sharing agreement percentage. If there is a decrease in expected cash flows due to an increase in estimated credit losses (as compared to the estimates made at the respective acquisition dates), the decrease in the present value of expected cash flows is recorded as a provision for covered loan losses charged to earnings, and an allowance for covered loan losses is established. A related credit to non-interest income and an increase in the FDIC loss share receivable is recognized at the same time, and measured based on the applicable loss sharing agreement percentage. The following table summarizes activity in the allowance for losses on covered loans for the years ended December 31, 2015 and 2014:
|  | December 31, |
(in thousands) |  | 2015 |  |  | 2014 |
Balance, beginning of period |  | $ | 45,481 |  |  | $ | 64,069 |
Recovery of losses on covered loans |  |  | (11,670 | ) |  |  | (18,588 | )
Transfer to the allowance for losses on covered loans(1) |  |  | (2,416 | ) |  |  | — |
Balance, end of period |  | $ | 31,395 |  |  | $ | 45,481 |
(1) | Represents the allowance associated with $14.2 million of loans acquired in the Desert Hills transaction that were transferred from covered loans to non-covered loans upon expiration of the related FDIC loss sharing agreement in March 2015.

X
- Definition Allowance for Loan Losses. + References No definition available. + Details
Name: | nyb_AllowanceForLoanLossesTextBlock
Namespace Prefix: | nyb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration