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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