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Allowance for Loan Losses
 12 Months Ended
Dec. 31, 2018
Allowances for Loan Losses
NOTE 6: ALLOWANCE FOR LOAN LOSSES
The following tables provide additional information regarding the Company’s allowance for losses on non-covered loans and covered loans, based upon the method of evaluating loan impairment:
 
(in thousands)
 
Mortgage
 
 
Other
 
 
Total
 
Allowance for Loan Losses at December 31, 2018:
 
 
 
 
 
 
 
 
 
 
 
 
Loans collectively evaluated for impairment
 
$
130,983
 
 
$
28,837
 
 
$
159,820
 
  
(in thousands)
 
Mortgage
 
 
Other
 
 
Total
 
Allowance for Loan Losses at December 31, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
Loans collectively evaluated for impairment
 
$
128,275
 
 
$
29,771
 
 
$
158,046
 
 
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, 2018:
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
 
$
15,794
 
 
$
36,375
 
 
$
52,169
 
Loans collectively evaluated for impairment
 
 
37,720,923
 
 
 
2,360,769
 
 
 
40,081,692
 
Total
 
$
37,736,717
 
 
$
2,397,144
 
 
$
40,133,861
 
 
(in thousands)
 
Mortgage
 
 
Other
 
 
Total
 
Loans Receivable at December 31, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
Loans individually evaluated for impairment
 
$
31,747
 
 
$
48,810
 
 
$
80,557
 
Loans collectively evaluated for impairment
 
 
36,278,241
 
 
 
2,000,224
 
 
 
38,278,465
 
Total
 
$
36,309,988
 
 
$
2,049,034
 
 
$
38,359,022
 
Allowance for Loan Losses
The following table summarizes activity in the allowance for loan losses for the periods indicated:
 
 
 
For the Twelve Months Ended December 31,
 
 
 
2018
 
 
2017
 
(in thousands)
 
Mortgage
 
 
Other
 
 
Total
 
 
Mortgage
 
 
Other
 
 
Total
 
Balance, beginning of period
 
$
128,275
 
 
$
29,771
 
 
$
158,046
 
 
$
125,416
 
 
$
32,874
 
 
$
158,290
 
Charge-offs
 
 
(5,445
)
 
 
(12,897
)
 
 
(18,342
)
 
 
(375
)
 
 
(62,975
)
 
 
(63,350
)
Recoveries
 
 
264
 
 
 
1,596
 
 
 
1,860
 
 
 
605
 
 
 
1,558
 
 
 
2,163
 
Provision for non-covered loan losses
 
 
7,889
 
 
 
10,367
 
 
 
18,256
 
 
 
2,629
 
 
 
58,314
 
 
 
60,943
 
Balance, end of period
 
$
130,983
 
 
$
28,837
 
 
$
159,820
 
 
$
128,275
 
 
$
29,771
 
 
$
158,046
 
The following table presents additional information about the Company’s impaired loans at December 31, 2018:
 
(in thousands)
 
Recorded

Investment
 
 
Unpaid

Principal

Balance
 
 
Related

Allowance
 
 
Average

Recorded

Investment
 
 
Interest

Income

Recognized
 
Impaired loans with no related allowance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Multi-family
 
$
4,220
 
 
$
7,168
 
 
$
—
 
 
$
6,114
 
 
$
340
 
Commercial real estate
 
 
2,256
 
 
 
7,371
 
 
 
—
 
 
 
3,234
 
 
 
—
 
One-to-four family
 
 
1,022
 
 
 
1,076
 
 
 
—
 
 
 
1,576
 
 
 
26
 
Acquisition, development, and construction
 
 
8,296
 
 
 
9,197
 
 
 
—
 
 
 
9,238
 
 
 
590
 
Other
 
 
36,375
 
 
 
101,701
 
 
 
—
 
 
 
42,984
 
 
 
3,057
 
Total impaired loans with no related allowance
 
$
52,169
 
 
$
126,513
 
 
$
—
 
 
$
63,146
 
 
$
4,013
 
Impaired loans with an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Multi-family
 
$
—
 
 
$
—
 
 
$
—
 
 
$
—
 
 
$
—
 
Commercial real estate
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
One-to-four family
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
Acquisition, development, and construction
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
Other
 
 
—
 
 
 
—
 
 
 
—
 
 
 
20
 
 
 
—
 
Total impaired loans with an allowance recorded
 
$
—
 
 
$
—
 
 
$
—
 
 
$
20
 
 
$
—
 
Total impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Multi-family
 
$
4,220
 
 
$
7,168
 
 
$
—
 
 
$
6,114
 
 
$
340
 
Commercial real estate
 
 
2,256
 
 
 
7,371
 
 
 
—
 
 
 
3,234
 
 
 
—
 
One-to-four family
 
 
1,022
 
 
 
1,076
 
 
 
—
 
 
 
1,576
 
 
 
26
 
Acquisition, development, and construction
 
 
8,296
 
 
 
9,197
 
 
 
—
 
 
 
9,238
 
 
 
590
 
Other
 
 
36,375
 
 
 
101,701
 
 
 
—
 
 
 
43,004
 
 
 
3,057
 
Total impaired loans
 
$
52,169
 
 
$
126,513
 
 
$
—
 
 
$
63,166
 
 
$
4,013
 
 
The following table presents additional information about the Company’s impaired loans at December 31, 2017:
 
(in thousands)
 
Recorded

Investment
 
 
Unpaid

Principal

Balance
 
 
Related

Allowance
 
 
Average

Recorded

Investment
 
 
Interest

Income

Recognized
 
Impaired loans with no related allowance:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Multi-family
 
$
8,892
 
 
$
11,470
 
 
$
—
 
 
$
9,554
 
 
$
495
 
Commercial real estate
 
 
5,137
 
 
 
10,252
 
 
 
—
 
 
 
3,522
 
 
 
92
 
One-to-four family
 
 
1,966
 
 
 
2,072
 
 
 
—
 
 
 
2,489
 
 
 
50
 
Acquisition, development, and construction
 
 
15,752
 
 
 
25,952
 
 
 
—
 
 
 
10,976
 
 
 
575
 
Other
 
 
48,810
 
 
 
104,901
 
 
 
—
 
 
 
43,074
 
 
 
2,200
 
Total impaired loans with no related allowance
 
$
80,557
 
 
$
154,647
 
 
$
—
 
 
$
69,615
 
 
$
3,412
 
Impaired loans with an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Multi-family
 
$
—
 
 
$
—
 
 
$
—
 
 
$
—
 
 
$
—
 
Commercial real estate
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
One-to-four family
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
Acquisition, development, and construction
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
 
—
 
Other
 
 
—
 
 
 
—
 
 
 
—
 
 
 
314
 
 
 
—
 
Total impaired loans with an allowance recorded
 
$
—
 
 
$
—
 
 
$
—
 
 
$
314
 
 
$
—
 
Total impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Multi-family
 
$
8,892
 
 
$
11,470
 
 
$
—
 
 
$
9,554
 
 
$
495
 
Commercial real estate
 
 
5,137
 
 
 
10,252
 
 
 
—
 
 
 
3,522
 
 
 
92
 
One-to-four family
 
 
1,966
 
 
 
2,072
 
 
 
—
 
 
 
2,489
 
 
 
50
 
Acquisition, development, and construction
 
 
15,752
 
 
 
25,952
 
 
 
—
 
 
 
10,976
 
 
 
575
 
Other
 
 
48,810
 
 
 
104,901
 
 
 
—
 
 
 
43,388
 
 
 
2,200
 
Total impaired loans
 
$
80,557
 
 
$
154,647
 
 
$
—
 
 
$
69,929
 
 
$
3,412