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Allowance for Loan Losses
 9 Months Ended
Sep. 30, 2019
Allowances for Loan Losses
Note 6. Allowance for Loan Losses
The following tables provide additional information regarding the Company’s allowance for loan losses based upon the method of evaluating loan impairment:
(in thousands)
 
Mortgage
 
  
Other
 
  
Total
 
Allowances for Loan Losses at September 30, 2019:
   
     
     
 
Loans collectively evaluated for impairment
  $
122,967
    $
26,466
    $
149,433
 
                         
                   
(in thousands)
 
Mortgage
 
  
Other
 
  
Total
 
Allowances for Loan Losses at December 31, 2018:
   
     
     
 
Loans collectively evaluated for impairment
  $
130,983
    $
28,837
    $
159,820
 
                         
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 September 30, 2019:
   
     
     
 
Loans individually evaluated for impairment
  $
14,363
    $
42,742
    $
57,105
 
Loans collectively evaluated for impairment
   
37,933,184
     
2,808,151
     
40,741,335
 
                         
Total
  $
37,947,547
    $
2,850,893
    $
40,798,440
 
                         
                   
(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
 
                         
 
Allowance for Loan Losses
The following table summarizes activity in the allowance for loan losses for the periods indicated:
                                                 
 
For the Nine Months Ended September 30,
 
 
2019
   
2018
 
(in thousands)
 
Mortgage
   
Other
   
Total
   
Mortgage
   
Other
   
Total
 
Balance, beginning of period
  $
130,983
    $
28,837
    $
159,820
    $
128,275
    $
29,771
    $
158,046
 
Charge-offs
   
(1,386
 )    
(15,010
 )    
(16,396
 )    
(5,445
 )    
(9,705
 )    
(15,150
 )
Recoveries
   
43
     
563
     
606
     
242
     
1,031
     
1,273
 
(Recovery of) provision for losses on loans
   
(6,673
 )    
12,076
     
5,403
     
5,744
     
9,742
     
15,486
 
                                                 
Balance, end of period
  $
122,967
    $
26,466
    $
149,433
    $
128,816
    $
30,839
    $
159,655
 
                                                 
 
                                         
(in thousands)
 
Recorded
Investment
 
  
Unpaid
Principal
Balance
 
  
Related
Allowance
 
  
Average
Recorded
Investment
 
  
Interest
Income
Recognized
 
Impaired loans with no related allowance:
   
     
     
     
     
 
Multi-family
  $
5,793
    $
9,375
    $
—
    $
4,590
    $
317
 
Commercial real estate
   
5,330
     
10,445
     
—
     
3,280
     
83
 
One-to-four
family
    
891
     
909
     
—
     
887
     
20
 
Acquisition, development, and construction
   
2,349
     
3,249
     
—
     
4,548
     
324
 
Other
   
42,742
     
120,414
     
—
     
40,241
     
2,365
 
                                         
Total impaired loans with no related allowance
  $
57,105
    $
144,392
    $
—
    $
53,546
    $
3,109
 
                                         
Impaired loans with an allowance recorded:
   
     
     
     
     
 
Multi-family
  $
—
    $
—
    $
—
    $
—
    $
—
 
Commercial real estate
   
—
     
—
     
—
     
—
     
—
 
One-to-four
family
    
—
     
—
     
—
     
—
     
—
 
Acquisition, development, and construction
   
—
     
—
     
—
     
—
     
—
 
Other
   
—
     
—
     
—
     
5,000
     
—
 
                                         
Total impaired loans with an allowance recorded
  $
—
    $
—
    $
—
    $
5,000
    $
—
 
                                         
Total impaired loans:
   
     
     
     
     
 
Multi-family
  $
5,793
    $
9,375
    $
—
    $
4,590
    $
317
 
Commercial real estate
   
5,330
     
10,445
     
—
     
3,280
     
83
 
One-to-four
family
    
891
     
909
     
—
     
887
     
20
 
Acquisition, development, and construction
   
2,349
     
3,249
     
—
     
4,548
     
324
 
Other
   
42,742
     
120,414
     
—
     
45,241
     
2,365
 
                                         
Total impaired loans
  $
57,105
    $
144,392
    $
—
    $
58,546
    $
3,109
 
                                         
 
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