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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2020
Commitments And Contingencies Disclosure [Abstract]  
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, 2020:

 

(in thousands)

 

 

 

 

 

Mortgage Loan Commitments:

 

 

 

 

 

Multi-family and commercial real estate

 

$

 

310,261

 

One-to-four family

 

 

 

801

 

Acquisition, development, and construction

 

 

 

100,599

 

Total mortgage loan commitments

 

$

 

411,661

 

Other loan commitments

 

 

 

2,063,559

 

Total loan commitments

 

$

 

2,475,220

 

Commercial, performance stand-by, and financial stand-by letters of credit

 

 

 

375,876

 

Total commitments

 

$

 

2,851,096

 

 

Guarantees and Indemnifications

The following table summarizes the Company’s guarantees and indemnifications at December 31, 2020:

 

(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

 

$

 

164,498

 

 

$

 

50,724

 

 

$

 

215,222

 

 

$

 

354,225

 

Performance stand-by letters of credit

 

 

 

3,351

 

 

 

 

-

 

 

 

 

3,351

 

 

 

 

3,351

 

Commercial letters of credit

 

 

 

3,860

 

 

 

 

1,038

 

 

 

 

4,898

 

 

 

 

18,300

 

Total letters of credit

 

$

 

171,709

 

 

$

 

51,762

 

 

$

 

223,471

 

 

$

 

375,876