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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2019
Off-Balance-Sheet Originate Loans and Letters of Credit
The following table summarizes the Company’s
off-balance
sheet commitments to originate loans and letters of credit at December 31, 2019:
(in thousands)
 
 
Mortgage Loan Commitments:
   
 
Multi-family and commercial real estate
 
$
251,679
 
One-to-four
family
   
801
 
Acquisition, development, and construction
   
205,499
 
         
Total mortgage loan commitments
 
$
457,979
 
Other loan commitments
   
1,548,513
 
         
Total loan commitments
 
$
2,006,492
 
Commercial, performance
stand-by,
and financial
stand-by
letters of credit
   
509,942
 
         
Total commitments
 
$
2,516,434
 
         
Guarantees and Indemnifications
The following table summarizes the Company’s guarantees and indemnifications at December 31, 2019:
(in thousands)
 
Expires
Within One
Year
   
Expires
After One
Year
   
Total
Outstanding
Amount
   
Maximum Potential
Amount of
Future Payments
 
Financial
stand-by
letters of credit
 
$
 
164,776
   
$
58,014
   
$
222,790
   
$
448,602
 
Performance
stand-by
letters of credit
   
3,351
     
     
3,351
     
3,351
 
Commercial letters of credit
   
2,401
     
361
     
2,762
     
57,989
 
                                 
Total letters of credit
 
$
170,528
   
$
58,375
   
$
228,903
   
$
509,942