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Loans and Leases (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Receivables [Abstract]    
Composition of Loan and Lease Portfolio
The following table sets forth the composition of the loan portfolio at the dates indicated:
 
    
March 31, 2021
   
December 31, 2020
 
(dollars in thousands)
  
Amount
    
Percent of
Loans Held
for Investment
   
Amount
    
Percent of
Loans Held
for Investment
 
Loans and Leases Held for Investment:
          
Mortgage Loans:
          
Multi-family
   $ 32,195,256        74.77   $ 32,236,385        75.28
Commercial real estate
     7,027,236        16.32       6,835,763        15.96  
One-to-four
family
     208,108        0.48       235,989        0.55  
Acquisition, development, and construction
     115,947        0.27       89,790        0.21  
  
 
 
    
 
 
   
 
 
    
 
 
 
Total mortgage loans held for investment
(1)
     39,546,547        91.84     $ 39,397,927        92.00  
  
 
 
    
 
 
   
 
 
    
 
 
 
Other Loans:
          
Commercial and industrial
     1,610,550        3.74       1,682,519        3.93  
Lease financing, net of unearned income of $110,582 and $116,366, respectively
     1,898,980        4.41       1,734,824        4.05  
  
 
 
    
 
 
   
 
 
    
 
 
 
Total commercial and industrial loans
(2)
     3,509,530        8.15       3,417,343        7.98  
Other
     5,593        0.01       6,520        0.02  
  
 
 
    
 
 
   
 
 
    
 
 
 
Total other loans held for investment
(1)
     3,515,123        8.16       3,423,863        8.00  
  
 
 
    
 
 
   
 
 
    
 
 
 
Total loans and leases held for investment
   $ 43,061,670        100.00   $ 42,821,790        100.00
     
 
 
      
 
 
 
Net deferred loan origination costs
     63,469          61,808     
Allowance for credit losses loans and leases
     (197,758        (194,043   
  
 
 
      
 
 
    
Total loans and leases held for investment, net
   $ 42,927,381        $ 42,689,555     
Loans held for sale
(3)
     141,435          117,136     
  
 
 
      
 
 
    
Total loans and leases, net
   $ 43,068,816        $ 42,806,691     
  
 
 
      
 
 
    
 
(1)
Excludes accrued interest receivable of $219.0 million and $219.1 million at March 31, 2021 and December 31, 2020, respectively, which is included in other assets in the Consolidated Statements of Condition.
(2)
Includes specialty finance loans and leases of $3.2 billion and $3.0 billion, respectively, at March 31, 2021 and December 31, 2020, and other C&I loans of $350.8 million and $393.3 million, respectively, at March 31, 2021 and December 31, 2020.
(3)
Includes deferred loan origination fees of $3.8 million and $1.7 million at March 31, 2021 and December 31, 2020, respectively.
The following table sets forth the composition of the loan and lease portfolio at the dates indicated:
 
     December 31, 2020     December 31, 2019  
(dollars in thousands)
   Amount     Percent of
Loans
Held for
Investment
    Amount     Percent of
Loans
Held for
Investment
 
Loans and Leases Held for Investment:
        
Mortgage Loans:
        
Multi-family
   $ 32,236,385       75.28   $ 31,158,672       74.46
Commercial real estate
     6,835,763       15.96       7,081,910       16.93  
One-to-four
family
     235,989       0.55       380,361       0.91  
Acquisition, development, and construction
     89,790       0.21       200,596       0.48  
  
 
 
   
 
 
   
 
 
   
 
 
 
Total mortgage loans held for investment
(1)
     39,397,927       92.00       38,821,539       92.78  
  
 
 
   
 
 
   
 
 
   
 
 
 
Other Loans:
        
Commercial and industrial
     1,682,519       3.93       1,742,380       4.16  
Lease financing, net of unearned income of $116,366 and $104,826, respectively
     1,734,824       4.05       1,271,998       3.04  
  
 
 
   
 
 
   
 
 
   
 
 
 
Total commercial and industrial loans
(2)
     3,417,343       7.98       3,014,378       7.20  
Other
     6,520       0.02       8,102       0.02  
  
 
 
   
 
 
   
 
 
   
 
 
 
Total other loans held for investment
     3,423,863       8.00       3,022,480       7.22  
  
 
 
   
 
 
   
 
 
   
 
 
 
Total loans and leases held for investment
(1)
   $ 42,821,790       100.00   $ 41,844,019       100.00
  
 
 
   
 
 
   
 
 
   
 
 
 
Net deferred loan origination costs
     61,808         50,136    
Allowance for loan and lease losses
     (194,043       (147,638  
  
 
 
     
 
 
   
Total loans and leases held for investment, net
   $ 42,689,555       $ 41,746,517    
Loans held for sale
(3)
     117,136         —      
  
 
 
     
 
 
   
Total loans and leases, net
   $ 42,806,691       $ 41,746,517    
  
 
 
     
 
 
   
 
(1)
Excludes accrued interest receivable of $219.1 million and $116.9 million at December 31, 2020 and December 31, 2019, respectively, which is included in other assets in the Consolidated Statements of Condition.
(2)
Includes specialty finance loans and leases of $3.0 billion and $2.6 billion, respectively, at December 31, 2020 and December 31, 2019, and other C&I loans of $393.3 million and $420.1 million, respectively, at December 31, 2020 and December 31, 2019.
(3)
Includes deferred loan origination fees of $1.7 million.
Quality of Loans Held for Investment
The following table presents information regarding the quality of the Company’s loans held for investment at March 31, 2021:
 
(in thousands)
  
Loans
30-89

Days
Past Due
    
Non-
Accrual
Loans
    
Loans
90 Days or
More
Delinquent
and Still
Accruing
Interest
    
Total
Past Due
Loans
    
Current
Loans
    
Total Loans
Receivable
 
Multi-family
   $ 961      $ 9,888      $ —        $ 10,849      $ 32,184,407      $ 32,195,256  
Commercial real estate
     19,371        11,573        —          30,944        6,996,292        7,027,236  
One-to-four
family
     —          1,466        —          1,466        206,642        208,108  
Acquisition, development, and construction
     —          —          —          —          115,947        115,947  
Commercial and industrial
(1)(2)
     —          10,247        —          10,247        3,499,283        3,509,530  
Other
     13        4        —          17        5,576        5,593  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Total loans and leases held for investment
   $ 20,345      $ 33,178      $ —        $ 53,523      $ 43,008,147      $ 43,061,670  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
 
(1)
Includes $10.1 million of taxi medallion-related loans that were 90 days or more past due. There were no taxi medallion-related loans that were 30 to 89 days past due.
(2)
Includes lease financing receivables, all of which were current.
The following table presents information regarding the quality of the Company’s loans held for investment at December 31, 2020:
 
(in thousands)
  
Loans
30-89

Days
Past Due
    
Non-
Accrual
Loans
    
Loans
90 Days or
More
Delinquent
and Still
Accruing
Interest
    
Total
Past Due
Loans
    
Current
Loans
    
Total Loans
Receivable
 
Multi-family
   $ 4,091      $ 4,068      $ —        $ 8,159      $ 32,228,226      $ 32,236,385  
Commercial real estate
     9,989        12,142        —          22,131        6,813,632        6,835,763  
One-to-four
family
     1,575        1,696        —          3,271        232,718        235,989  
Acquisition, development, and construction
     —          —          —          —          89,790        89,790  
Commercial and industrial
(1)(2)
     —          19,866        —          19,866        3,397,477        3,417,343  
Other
     3        13        —          16        6,504        6,520  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Total
   $ 15,658      $ 37,785      $ —        $ 53,443      $ 42,768,347      $ 42,821,790  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
 
(1)
Includes $18.6 million of taxi medallion-related loans that were 90 days or more past due. There were no taxi medallion-related loans that were 30 to 89 days past due.
(2)
Includes lease financing receivables, all of which were current.
The following table presents information regarding the quality of the Company’s loans held for investment at December 31, 2020:
 
(in thousands)
   Loans
30-89

Days
Past Due
     Non-
Accrual
Loans
     Loans 90
Days or
More
Delinquent
and Still
Accruing
Interest
     Total
Past Due
Loans
     Current
Loans
     Total
Loans
Receivable
 
Multi-family
   $ 4,091      $ 4,068      $ —        $ 8,159      $ 32,228,226      $ 32,236,385  
Commercial real estate
     9,989        12,142        —          22,131        6,813,632        6,835,763  
One-to-four
family
     1,575        1,696        —          3,271        232,718        235,989  
Acquisition, development, and construction
     —          —          —          —          89,790        89,790  
Commercial and industrial
(1) (2)
     —          19,866        —          19,866        3,397,477        3,417,343  
Other
     3        13        —          16        6,504        6,520  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Total
   $ 15,658      $ 37,785      $ —        $ 53,443      $ 42,768,347      $ 42,821,790  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
 
(1)
Includes $18.6 million of taxi medallion-related loans that were 90 days or more past due. There were no taxi medallion-related loans that were
30
to
89
days past due.
(2)
Includes lease financing receivables, all of which were current.
The following table presents information regarding the quality of the Company’s loans held for investment at December 31, 2019:
 
(in thousands)
   Loans
30-89

Days
Past Due
     Non-
Accrual
Loans
     Loans 90
Days or
More
Delinquent
and Still
Accruing
Interest
     Total
Past Due
Loans
     Current
Loans
     Total
Loans
Receivable
 
Multi-family
   $ 1,131      $ 5,407      $ —        $ 6,538      $ 31,152,134      $ 31,158,672  
Commercial real estate
     2,545        14,830        —          17,375        7,064,535        7,081,910  
One-to-four
family
     —          1,730        —          1,730        378,631        380,361  
Acquisition, development, and construction
     —          —          —          —          200,596        200,596  
Commercial and industrial
(1) (2)
     —          39,024        —          39,024        2,975,354        3,014,378  
Other
     44        252        —          296        7,806        8,102  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Total
   $ 3,720      $ 61,243      $ —        $ 64,963      $ 41,779,056      $ 41,844,019  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
 
(1)
Includes $30.4 million of taxi medallion-related loans that were 90 days or more past due. There were no taxi medallion-related loans that were 30 to 89 days past due.
(2)
Includes lease financing receivables, all of which were current.
Portfolio of Loans Held for Investment by Credit Quality Indicator
The following table summarizes the Company’s portfolio of loans held for investment by credit quality indicator at March 31, 2021:
 
   
Mortgage Loans
   
Other Loans
 
(in thousands)
 
Multi-
Family
   
Commercial
Real Estate
   
One-to-

Four
Family
   
Acquisition,
Development,
and
Construction
   
Total
Mortgage
Loans
   
Commercial
and
Industrial
(1)
   
Other
   
Total Other
Loans
 
Credit Quality Indicator:
               
Pass
  $ 30,647,027     $ 5,867,168     $ 194,220     $ 101,958     $ 36,810,373     $ 3,450,432     $ 5,589     $ 3,456,021  
Special mention
    875,091       785,007       5,354       13,989       1,679,441       2,071       —         2,071  
Substandard
    673,138       375,061       8,534       —         1,056,733       57,027       4       57,031  
Doubtful
    —         —         —         —         —         —         —         —    
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Total
  $ 32,195,256     $ 7,027,236     $ 208,108     $ 115,947     $ 39,546,547     $ 3,509,530     $ 5,593     $ 3,515,123  
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
 
(1)
Includes lease financing receivables, all of which were classified as Pass.
The following table summarizes the Company’s portfolio of loans held for investment by credit quality indicator at December 31, 2020:
 
   
Mortgage Loans
   
Other Loans
 
(in thousands)
 
Multi-
Family
   
Commercial
Real Estate
   
One-to-

Four
Family
   
Acquisition,
Development,
and
Construction
   
Total
Mortgage
Loans
   
Commercial
and
Industrial
(1)
   
Other
   
Total Other
Loans
 
Credit Quality Indicator:
               
Pass
  $ 31,220,071     $ 5,884,244     $ 221,861     $ 68,233     $ 37,394,409     $ 3,388,293     $ 6,507     $ 3,394,800  
Special mention
    566,756       637,101       12,436       21,557       1,237,850       2,842       —         2,842  
Substandard
    449,558       314,418       1,692       —         765,668       26,208       13       26,221  
Doubtful
    —         —         —         —         —         —         —         —    
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Total
  $ 32,236,385     $ 6,835,763     $ 235,989     $ 89,790     $ 39,397,927     $ 3,417,343     $ 6,520     $ 3,423,863  
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
 
(1)
Includes lease financing receivables, all of which were classified as Pass.
The following table summarizes the Company’s portfolio of loans held for investment by credit quality indicator at December 31, 2020:
 
    Mortgage Loans     Other Loans  
(in thousands)
  Multi-
Family
    Commercial
Real Estate
   
One-to-

Four
Family
    Acquisition,
Development,
and
Construction
    Total
Mortgage
Loans
    Commercial
and
Industrial
(1)
    Other     Total
Other
Loans
 
Credit Quality Indicator:
               
Pass
  $ 31,220,071     $ 5,884,244     $ 221,861     $ 68,233     $ 37,394,409     $ 3,388,293     $ 6,507     $ 3,394,800  
Special mention
    566,756       637,101       12,436       21,557       1,237,850       2,842       —         2,842  
Substandard
    449,558       314,418       1,692       —         765,668       26,208       13       26,221  
Doubtful
    —         —         —         —         —         —         —         —    
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Total
  $ 32,236,385     $ 6,835,763     $ 235,989     $ 89,790     $ 39,397,927     $ 3,417,343     $ 6,520     $ 3,423,863  
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
 
(1)
Includes lease financing receivables, all of which were classified as Pass.
The following table summarizes the Company’s portfolio of loans held for investment by credit quality indicator at December 31, 2019:
 
    Mortgage Loans     Other Loans  
(in thousands)
  Multi-
Family
    Commercial
Real Estate
   
One-to-

Four
Family
    Acquisition,
Development,
and
Construction
    Total
Mortgage
Loans
    Commercial
and
Industrial
(1)
    Other     Total
Other
Loans
 
Credit Quality Indicator:
               
Pass
  $ 30,903,657     $ 6,902,218     $ 377,883     $ 158,751     $ 38,342,509     $ 2,960,557     $ 7,850     $ 2,968,407  
Special mention
    239,664       104,648       748       41,456       386,516       1,588       —         1,588  
Substandard
    15,351       75,044       1,730       389       92,514       52,233       252       52,485  
Doubtful
    —         —         —         —         —         —         —      
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Total
  $ 31,158,672     $ 7,081,910     $ 380,361     $ 200,596     $ 38,821,539     $ 3,014,378     $ 8,102     $ 3,022,480  
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
 
(1)
Includes lease financing receivables, all of which were classified as Pass.
Schedule of Credit Quality Indicator, Loan Class, and Year of Origination, the Amortized Cost Basis of Loans and Leases
The following table presents, by credit quality indicator, loan class, and year of origination, the amortized cost basis of the Company’s loans and leases as of March 31, 2021.
 
(in thousands)
 
Vintage Year
 
Risk Rating Group
 
2021
   
2020
   
2019
   
2018
   
2017
   
Prior To
2017
   
Revolving
Loans
   
Total
 
Pass
  $ 2,092,263     $ 9,587,201     $ 6,432,567     $ 5,472,277     $ 3,995,854     $ 9,238,124     $ 20,182     $ 36,838,468  
Special Mention
    —         13,067       215,301       345,152       136,466       969,925       —         1,679,911  
Substandard
    —         —         193,116       249,729       109,848       503,900       —         1,056,593  
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Total mortgage loans
  $ 2,092,263     $ 9,600,268     $ 6,840,984     $ 6,067,158     $ 4,242,168     $ 10,711,949     $ 20,182     $ 39,574,972  
Pass
    249,885       1,004,860       679,606       149,190       195,499       235,594       976,916       3,491,550  
Special Mention
    —         —         71       —         —         —         2,000       2,071  
Substandard
    —         2,132       3,723       1,840       8,688       13,844       26,319       56,546  
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Total other loans
    249,885       1,006,992       683,400       151,030       204,187       249,438       1,005,235       3,550,167  
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Total
  $ 2,342,148     $ 10,607,260     $ 7,524,384     $ 6,218,188     $ 4,446,355     $ 10,961,387     $ 1,025,417     $ 43,125,139  
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
The following table presents, by credit quality indicator, loan class, and year of origination, the amortized cost basis of the Company’s loans and leases as of December 31, 2020.
 
(in thousands)
   Vintage Year  
Risk Rating Group
   2020      2019      2018      2017      2016      Prior To
2016
     Revolving
Loans
     Total  
Pass
   $ 9,819,431      $ 6,719,587      $ 5,986,476      $ 4,260,433      $ 3,062,012      $ 7,571,266      $ 24,608      $ 37,443,813  
Special Mention
     13,067        116,400        176,428        164,635        332,176        425,632        —          1,228,338  
Substandard
     —          121,861        177,123        60,924        221,835        172,293        —          754,036  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Total mortgage loans
   $ 9,832,498      $ 6,957,848      $ 6,340,027      $ 4,485,992      $ 3,616,023      $ 8,169,191      $ 24,608      $ 39,426,187  
Pass
     962,956        757,220        180,133        209,963        126,680        144,999        1,046,400        3,428,351  
Special Mention
     —          42        —          —          —          —          2,800        2,842  
Substandard
     2,987        5,284        3,103        12,558        1,252        1,034        —          26,218  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Total other loans
     965,943        762,546        183,236        222,521        127,932        146,033        1,049,200        3,457,411  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Total
   $ 10,798,441      $ 7,720,394      $ 6,523,263      $ 4,708,513      $ 3,743,955      $ 8,315,224      $ 1,073,808      $ 42,883,598  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Summary of Collateral-Dependent Loans Held for Investment by Collateral Type
The following table summarizes the extent to which collateral secures the Company’s collateral-dependent loans held for investment by collateral type as of March 31, 2021:
 
    
Collateral Type
 
(in thousands)
  
Real

Property
    
Other
 
Multi-family
   $ 6,840      $ —    
Commercial real estate
     25,386        —    
One-to-four
family
     329        —    
Acquisition, development, and construction
     —          —    
Commercial and industrial
     —          16,769  
Other
     —          —    
  
 
 
    
 
 
 
Total collateral-dependent loans held for investment
   $ 32,555      $ 16,769  
  
 
 
    
 
 
 
The following table summarizes the extent to which collateral secures the Company’s collateral-dependent loans held for investment by collateral type as of December 31, 2020:
 
     Collateral Type  
(in thousands)
   Real
Property
     Other  
Multi-family
   $ 7,525      $ —    
Commercial real estate
     25,462        —    
One-to-four
family
     557        —    
Acquisition, development, and construction
     —          —    
Commercial and industrial
     —          26,487  
Other
     —          —    
  
 
 
    
 
 
 
Total collateral-dependent loans held for investment
   $ 33,544        26,487  
  
 
 
    
 
 
 
Details of Interest Income on Non-Accrual Loans  
The interest income that would have been recorded under the original terms of
non-accrual
loans at the respective year-ends, and the interest income actually recorded on these loans in the respective years, is summarized below:
 
     December 31,  
(in thousands)
   2020     2019     2018  
Interest income that would have been recorded
   $ 4,491     $ 5,599     $ 4,145  
Interest income actually recorded
     (939     (3,409     (3,480
  
 
 
   
 
 
   
 
 
 
Interest income foregone
   $ 3,552     $ 2,190     $ 665  
  
 
 
   
 
 
   
 
 
 
Information Regarding Troubled Debt Restructurings
The following table presents information regarding the Company’s TDRs as of March 31, 2021 and December 31, 2020:
 
    
March 31, 2021
    
December 31, 2020
 
(in thousands)
  
Accruing
    
Non-Accrual
    
Total
    
Accruing
    
Non-Accrual
    
Total
 
Loan Category:
                 
Multi-family
   $ —        $ 6,840      $ 6,840      $ —        $ —        $ —    
Commercial real estate
     14,894        —          14,894        14,967        —          14,967  
One-to-four
family
     —          330        330        —          557        557  
Commercial and industrial
(1)
     —          10,134        10,134        —          18,761        18,761  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Total
   $ 14,894      $ 17,304      $ 32,198      $ 14,967      $ 19,318      $ 34,285  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
 
(1)
Includes $10.0 million and $17.5 million of taxi medallion-related loans at March 31, 2021 and December 31, 2020, respectively.
The following table presents information regarding the Company’s TDRs as of December 31, 2020 and 2019:
 
     December 31, 2020      December 31, 2019  
(in thousands)
   Accruing      Non-
Accrual
     Total      Accruing      Non-
Accrual
     Total  
Loan Category:
                 
Multi-family
   $ —        $ —        $ —          —          3,577        3,577  
Commercial real estate
     14,967        —          14,967        —          —          —    
One-to-four
family
     —          557        557        —          584        584  
Acquisition, development, and
construction
     —          —          —          389        —          389  
Commercial and industrial
(1)
     —          18,761        18,761        865        35,084        35,949  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Total
   $ 14,967      $ 19,318      $ 34,285        1,254        39,245        40,499  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
 
(1)
Includes $
17.5
 million and $
27.3
 million of taxi medallion-related loans at December 31, 2020 and 2019, respectively.
Financial Effects of Troubled Debt Restructurings
The eligibility of a borrower for
work-out
concessions of any nature depends upon the facts and circumstances of each loan, which may change from period to period, and involves judgment by Company personnel regarding the likelihood that the concession will result in the maximum recovery for the Company.
The financial effects of the Company’s TDRs for the three months ended March 31, 2021 and 2020 are summarized as follows:
 
    
For the Three Months Ended March 31, 2021
 
                         
Weighted Average
Interest Rate
              
(dollars in thousands)
  
Number
of Loans
    
Pre-
Modification
Recorded
Investment
    
Post-
Modification
Recorded
Investment
    
Pre-
Modification
   
Post-
Modification
   
Charge-
off
Amount
    
Capitalized
Interest
 
Loan Category:
                  
Multi-family
     1      $ 7,515      $ 7,515        3.13     3.25   $ —        $ —    
    
For the Three Months Ended March 31, 2020
 
                         
Weighted Average
Interest Rate
              
(dollars in thousands)
  
Number
of Loans
    
Pre-
Modification
Recorded
Investment
    
Post-
Modification
Recorded
Investment
    
Pre-
Modification
   
Post-
Modification
   
Charge-
off
Amount
    
Capitalized
Interest
 
Loan Category:
                  
Commercial and industrial
     8      $ 1,920      $ 1,572        3.29     3.24   $ 348      $ —    
The financial effects of the Company’s TDRs for the twelve months ended December 31, 2020, 2019 and 2018 are summarized as follows:
 
     For the Twelve Months Ended December 31, 2020  
                          Weighted Average
Interest Rate
              
(dollars in thousands)
   Number
of Loans
     Pre-
Modification
Recorded
Investment
     Post-
Modification
Recorded
Investment
     Pre-
Modification
    Post-
Modification
    Charge-
off
Amount
     Capitalized
Interest
 
Loan Category:
                  
Commercial real estate
     1      $ 15,119      $ 15,119        8.00     3.50   $ —        $ —    
Commercial and industrial
     42        8,912        7,471        2.36       2.23       1,441        —    
  
 
 
    
 
 
    
 
 
        
 
 
    
 
 
 
Total
     43      $ 24,031      $ 22,590          $ 1,441      $ —    
  
 
 
    
 
 
    
 
 
        
 
 
    
 
 
 
 
     For the Twelve Months Ended December 31, 2019  
                          Weighted Average
Interest Rate
               
(dollars in thousands)
   Number
of Loans
     Pre-
Modification
Recorded
Investment
     Post-
Modification
Recorded
Investment
     Pre-
Modification
     Post-
Modification
     Charge-
off
Amount
     Capitalized

Interest
 
Loan Category:
                    
One-to-four
family
     1        131        131        5.50        5.50        —          3  
Commercial and industrial
     72        35,156        30,685        4.31        4.37        4,471        —    
  
 
 
    
 
 
    
 
 
          
 
 
    
 
 
 
Total
     73      $ 35,287      $ 30,816            $ 4,471      $ 3  
  
 
 
    
 
 
    
 
 
          
 
 
    
 
 
 
 
     For the Twelve Months Ended December 31, 2018  
                          Weighted Average
Interest Rate
              
(dollars in thousands)
   Number
of Loans
     Pre-
Modification
Recorded
Investment
     Post-
Modification
Recorded
Investment
     Pre-
Modification
    Post-
Modification
    Charge-
off
Amount
     Capitalized
Interest
 
Loan Category:
                  
Acquisition, development, and construction
     1      $ 900      $ 900        4.50     4.50   $ —        $ —    
Commercial and industrial
     21        7,763        5,455        3.25       3.13       2,308        —    
  
 
 
    
 
 
    
 
 
        
 
 
    
 
 
 
Total
     22      $ 8,663      $ 6,355          $ 2,308      $ —