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Loans Receivable and Allowance for Loan Losses (Tables)
 6 Months Ended
Jun. 30, 2017
Receivables [Abstract]  
Schedule of Loans Receivable
The following table presents loans receivable as of June 30, 2017 and December 31, 2016:
 
June 30, 2017
 
December 31, 2016
(amounts in thousands)
 
 Commercial:
 
 
 
 Multi-family
$
3,399,617

 
$
3,214,999

 Commercial and industrial (including owner occupied commercial real estate)
1,505,487

 
1,370,853

 Commercial real estate non-owner occupied
1,216,012

 
1,193,715

 Construction
61,226

 
64,789

 Total commercial loans
6,182,342

 
5,844,356

 Consumer:
 
 
 
 Residential real estate
444,453

 
193,502

 Manufactured housing
96,148

 
101,730

 Other
2,561

 
2,726

 Total consumer loans
543,162

 
297,958

Total loans receivable
6,725,504

 
6,142,314

Deferred (fees)/costs and unamortized (discounts)/premiums, net
(2,226
)
 
76

Allowance for loan losses
(38,458
)
 
(37,315
)
Loans receivable, net of allowance for loan losses
$
6,684,820

 
$
6,105,075
Loans Receivable by Loan Type and Performance Status
The following tables summarize loans receivable by loan type and performance status as of June 30, 2017 and December 31, 2016:
 
June 30, 2017
 
30-89 Days
Past Due (1)
 
90 Days
Or More
Past Due(1)
 
Total Past
Due (1)
 
Non-
Accrual
 
Current (2)
 
Purchased-
Credit-
Impaired
Loans (3)
 
Total
Loans (4)
(amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
Multi-family
$
—

 
$
—

 
$
—

 
$
—

 
$
3,397,645

 
$
1,972

 
$
3,399,617

Commercial and industrial
—

 
—

 
—

 
10,051

 
1,051,303

 
929

 
1,062,283

Commercial real estate - owner occupied
—

 
—

 
—

 
2,645

 
429,283

 
11,276

 
443,204

Commercial real estate - non-owner occupied
—

 
—

 
—

 
285

 
1,209,987

 
5,740

 
1,216,012

Construction
—

 
—

 
—

 
—

 
61,226

 
—

 
61,226

Residential real estate
1,113

 
—

 
1,113

 
4,059

 
433,243

 
6,038

 
444,453

Manufactured housing (5)
2,480

 
3,163

 
5,643

 
2,075

 
85,570

 
2,860

 
96,148

Other consumer
1

 
—

 
1

 
56

 
2,281

 
223

 
2,561

Total
$
3,594

 
$
3,163

 
$
6,757

 
$
19,171

 
$
6,670,538

 
$
29,038

 
$
6,725,504




December 31, 2016
 
30-89 Days
Past Due (1)
 
90 Days
Or More
Past Due(1)
 
Total Past
Due (1)
 
Non-
Accrual
 
Current (2)
 
Purchased-
Credit-
Impaired
Loans (3)
 
Total
Loans (4)
(amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
Multi-family
$
12,573

 
$
—

 
$
12,573

 
$
—

 
$
3,200,322

 
$
2,104

 
$
3,214,999

Commercial and industrial
350

 
—

 
350

 
8,443

 
967,391

 
1,037

 
977,221

Commercial real estate - owner occupied
137

 
—

 
137

 
2,039

 
379,227

 
12,229

 
393,632

Commercial real estate - non-owner occupied
—

 
—

 
—

 
2,057

 
1,185,331

 
6,327

 
1,193,715

Construction
—

 
—

 
—

 
—

 
64,789

 
—

 
64,789

Residential real estate
4,417

 
—

 
4,417

 
2,959

 
178,559

 
7,567

 
193,502

Manufactured housing (5)
3,761

 
2,813

 
6,574

 
2,236

 
89,850

 
3,070

 
101,730

Other consumer
12

 
—

 
12

 
58

 
2,420

 
236

 
2,726

Total
$
21,250

 
$
2,813

 
$
24,063

 
$
17,792

 
$
6,067,889

 
$
32,570

 
$
6,142,314

 
(1)
Includes past due loans that are accruing interest because collection is considered probable.
(2)
Loans where next payment due is less than 30 days from the report date.
(3)
Purchased-credit-impaired loans aggregated into a pool are accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows, and the past due status of the pools, or that of the individual loans within the pools, is not meaningful. Because of the credit impaired nature of the loans, the loans are recorded at a discount reflecting estimated future cash flows and the Bank recognizes interest income on each pool of loans reflecting the estimated yield and passage of time. Such loans are considered to be performing. Purchased-credit-impaired loans that are not in pools accrete interest when the timing and amount of their expected cash flows are reasonably estimable, and are reported as performing loans.
(4)
Amounts exclude deferred costs and fees, unamortized premiums and discounts, and the allowance for loan losses.
(5)
Manufactured housing loans purchased in 2010 are subject to cash reserves held at the Bank that are used to fund past-due payments when the loan becomes 90 days or more delinquent. Subsequent purchases are subject to varying provisions in the event of borrowers’ delinquencies.
Schedule of Allowance for Loan Losses
The changes in the allowance for loan losses for the three and six months ended June 30, 2017 and 2016 and the loans and allowance for loan losses by loan class based on impairment evaluation method as of June 30, 2017 and December 31, 2016 were as follows. The amounts presented for the provision for loan losses below do not include the effect of changes to estimated benefits resulting from the FDIC loss share arrangements for the covered loans for periods prior to the termination of the FDIC loss sharing arrangements.
Three Months Ended
June 30, 2017
Multi-family
 
Commercial and Industrial
 
Commercial Real Estate Owner Occupied
 
Commercial
Real Estate Non-Owner Occupied
 
Construction
 
Residential
Real Estate
 
Manufactured
Housing
 
Other Consumer
 
Total
(amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending Balance,
March 31, 2017
$
12,283

 
$
13,009

 
$
2,394

 
$
7,847

 
$
885

 
$
3,080

 
$
284

 
$
101

 
$
39,883

Charge-offs
—

 
(1,849
)
 
—

 
(4
)
 
—

 
(69
)
 
—

 
(24
)
 
(1,946
)
Charge-offs for BankMobile loans (1)
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(202
)
 
(202
)
Recoveries
—

 
68

 
9

 
—

 
49

 
6

 
—

 
2

 
134

Recoveries for BankMobile loans (1)
—

 
—

 
—

 
—

 
—

 
—

 
—

 
54

 
54

Provision for loan losses
(255
)
 
357

 
573

 
(57
)
 
(218
)
 
(22
)
 
(16
)
 
173

 
535

Ending Balance,
June 30, 2017
$
12,028

 
$
11,585

 
$
2,976

 
$
7,786

 
$
716

 
$
2,995

 
$
268

 
$
104

 
$
38,458

Six Months Ended
June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending Balance,
December 31, 2016
$
11,602

 
$
11,050

 
$
2,183

 
$
7,894

 
$
840

 
$
3,342

 
$
286

 
$
118

 
$
37,315

Charge-offs
—

 
(2,047
)
 
—

 
(408
)
 
—

 
(290
)
 
—

 
(24
)
 
(2,769
)
Charge-offs for BankMobile loans (1)
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(222
)
 
(222
)
Recoveries
—

 
283

 
9

 
—

 
130

 
27

 
—

 
4

 
453

Recoveries for BankMobile loans (1)
—

 
—

 
—

 
—

 
—

 
—

 
—

 
96

 
96

Provision for loan losses
426

 
2,299

 
784

 
300

 
(254
)
 
(84
)
 
(18
)
 
132

 
3,585

Ending Balance,
June 30, 2017
$
12,028

 
$
11,585

 
$
2,976

 
$
7,786

 
$
716

 
$
2,995

 
$
268

 
$
104

 
$
38,458

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
—

 
$
10,121

 
$
2,649

 
$
285

 
$
—

 
$
8,002

 
$
10,374

 
$
56

 
$
31,487

Collectively evaluated for impairment
3,397,645

 
1,051,233

 
429,279

 
1,209,987

 
61,226

 
430,413

 
82,914

 
2,282

 
6,664,979

Loans acquired with credit deterioration
1,972

 
929

 
11,276

 
5,740

 
—

 
6,038

 
2,860

 
223

 
29,038

 
$
3,399,617

 
$
1,062,283

 
$
443,204

 
$
1,216,012

 
$
61,226

 
$
444,453

 
$
96,148

 
$
2,561

 
$
6,725,504

Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
—

 
$
1,959

 
$
642

 
$
67

 
$
—

 
$
118

 
$
5

 
$
—

 
$
2,791

Collectively evaluated for impairment
12,028

 
9,128

 
2,317

 
4,673

 
716

 
2,245

 
83

 
48

 
31,238

Loans acquired with credit deterioration
—

 
498

 
17

 
3,046

 
—

 
632

 
180

 
56

 
4,429

 
$
12,028

 
$
11,585

 
$
2,976

 
$
7,786

 
$
716

 
$
2,995

 
$
268

 
$
104

 
$
38,458

(1) Includes activity for BankMobile-related loans, primarily overdrawn deposit accounts.
Three Months Ended
June 30, 2016
Multi-family
 
Commercial and Industrial
 
Commercial Real Estate Owner Occupied
 
Commercial
Real Estate Non-Owner Occupied
 
Construction
 
Residential
Real Estate
 
Manufactured
Housing
 
Other Consumer
 
Total
(amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending Balance,
March 31, 2016
$
12,135

 
$
9,959

 
$
1,410

 
$
8,548

 
$
1,264

 
$
3,676

 
$
468

 
$
145

 
$
37,605

Charge-offs
—

 
(537
)
 
—

 
—

 
—

 
(413
)
 
—

 
(50
)
 
(1,000
)
Charge-offs for BankMobile loans (1)
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(140
)
 
(140
)
Recoveries
—

 
55

 
—

 
—

 
24

 
1

 
—

 
—

 
80

Provision for loan losses
233

 
893

 
172

 
(65
)
 
(79
)
 
271

 
(28
)
 
155

 
1,552

Ending Balance,
June 30, 2016
$
12,368

 
$
10,370

 
$
1,582

 
$
8,483

 
$
1,209

 
$
3,535

 
$
440

 
$
110

 
$
38,097

Six Months Ended
June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending Balance,
December 31, 2015
$
12,016

 
$
8,864

 
$
1,348

 
$
8,420

 
$
1,074

 
$
3,298

 
$
494

 
$
133

 
$
35,647

Charge-offs
—

 
(537
)
 
—

 
—

 
—

 
(413
)
 
—

 
(92
)
 
(1,042
)
Charge-offs for BankMobile loans (1)
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(140
)
 
(140
)
Recoveries
—

 
111

 
—

 
8

 
457

 
1

 
—

 
—

 
577

Provision for loan losses
352

 
1,932

 
234

 
55

 
(322
)
 
649

 
(54
)
 
209

 
3,055

Ending Balance,
June 30, 2016
$
12,368

 
$
10,370

 
$
1,582

 
$
8,483

 
$
1,209

 
$
3,535

 
$
440

 
$
110

 
$
38,097

As of December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
—

 
$
8,516

 
$
2,050

 
$
2,151

 
$
—

 
$
6,972

 
$
9,665

 
$
57

 
$
29,411

Collectively evaluated for impairment
3,212,895

 
967,668

 
379,353

 
1,185,237

 
64,789

 
178,963

 
88,995

 
2,433

 
6,080,333

Loans acquired with credit deterioration
2,104

 
1,037

 
12,229

 
6,327

 
—

 
7,567

 
3,070

 
236

 
32,570

 
$
3,214,999

 
$
977,221

 
$
393,632

 
$
1,193,715

 
$
64,789

 
$
193,502

 
$
101,730

 
$
2,726

 
$
6,142,314

Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
$
—

 
$
1,024

 
$
287

 
$
14

 
$
—

 
$
35

 
$
—

 
$
—

 
$
1,360

Collectively evaluated for impairment
11,602

 
9,686

 
1,896

 
4,626

 
772

 
2,414

 
88

 
60

 
31,144

Loans acquired with credit deterioration
—

 
340

 
—

 
3,254

 
68

 
893

 
198

 
58

 
4,811

 
$
11,602

 
$
11,050

 
$
2,183

 
$
7,894

 
$
840

 
$
3,342

 
$
286

 
$
118

 
$
37,315


(1) Includes activity for BankMobile loans, primarily overdrawn deposit accounts.
Summary of Recorded Investment Net Charge-Offs, Unpaid Principal Balance and Related Allowance for Impaired Loans
The following tables present the recorded investment (net of charge-offs), unpaid principal balance, and related allowance by loan type for impaired loans that were individually evaluated for impairment as of June 30, 2017 and December 31, 2016 and the average recorded investment and interest income recognized for the three and six months ended June 30, 2017 and 2016. Purchased-credit-impaired loans are considered to be performing and are not included in the tables below.
 
June 30, 2017
 
Three Months Ended
June 30, 2017
 
Six Months Ended
June 30, 2017
 
Recorded
Investment
Net of
Charge offs
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Average
Recorded
Investment
 
Interest
Income
Recognized
(amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
$
7,256

 
$
7,318

 
$
—

 
$
6,678

 
$
46

 
$
5,251

 
$
96

Commercial real estate owner occupied
1,819

 
1,819

 
—

 
1,739

 
—

 
1,563

 
3

Commercial real estate non-owner occupied
183

 
296

 
—

 
884

 
—

 
1,257

 
2

Other consumer
56

 
57

 
—

 
56

 
—

 
56

 
—

Residential real estate
2,999

 
3,180

 
—

 
2,660

 
—

 
4,001

 
1

Manufactured housing
10,146

 
10,146

 
—

 
10,074

 
152

 
9,937

 
293

With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial and industrial
2,865

 
2,865

 
1,959

 
7,209

 
—

 
6,846

 
22

Commercial real estate owner occupied
830

 
830

 
642

 
839

 
1

 
839

 
2

Commercial real estate non-owner occupied
102

 
155

 
67

 
114

 
—

 
126

 
—

Residential real estate
5,003

 
5,003

 
118

 
4,953

 
45

 
3,399

 
84

Manufactured housing
228

 
228

 
5

 
216

 
5

 
144

 
8

Total
$
31,487

 
$
31,897

 
$
2,791

 
$
35,422

 
$
249

 
$
33,419

 
$
511

 
 
December 31, 2016
 
Three Months Ended
June 30, 2016
 
Six Months Ended
June 30, 2016
 
Recorded
Investment
Net of
Charge offs
 
Unpaid
Principal
Balance
 
Related
Allowance
 
Average
Recorded
Investment
 
Interest
Income
Recognized
 
Average
Recorded
Investment
 
Interest
Income
Recognized
(amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
With no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
Multi-family
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
220

 
$
—

Commercial and industrial
2,396

 
3,430

 
—

 
19,892

 
286

 
17,280

 
473

Commercial real estate owner occupied
1,210

 
1,210

 
—

 
9,882

 
108

 
9,360

 
202

Commercial real estate non-owner occupied
2,002

 
2,114

 
—

 
4,755

 
—

 
4,595

 
15

Other consumer
57

 
57

 
—

 
45

 
—

 
46

 
—

Residential real estate
6,682

 
6,749

 
—

 
4,013

 
20

 
4,119

 
44

Manufactured housing
9,665

 
9,665

 
—

 
8,874

 
172

 
8,683

 
281

With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
Multi-family
—

 
—

 
—

 
390

 
5

 
260

 
10

Commercial and industrial
6,120

 
6,120

 
1,024

 
8,034

 
41

 
7,211

 
112

Commercial real estate - owner occupied
840

 
840

 
287

 
6

 
—

 
8

 
—

Commercial real estate non-owner occupied
149

 
204

 
14

 
538

 
2

 
544

 
4

Other consumer
—

 
—

 
—

 
27

 
—

 
48

 
—

Residential real estate
290

 
303

 
35

 
544

 
—

 
494

 
—

Total
$
29,411

 
$
30,692

 
$
1,360

 
$
57,000

 
$
634

 
$
52,868

 
$
1,141
Analysis of Loans Modified in Troubled Debt Restructuring by Type of Concession
The following table presents loans modified in a troubled debt restructuring by type of concession for the three and six months ended June 30, 2017 and 2016. There were no modifications that involved forgiveness of debt.
 
Three Months Ended
June 30, 2017
 
Three Months Ended
 June 30, 2016
 
Number
of Loans
 
Recorded
Investment
 
Number
of Loans
 
Recorded
Investment
(dollars in thousands)
 
 
 
 
 
 
 
Extensions of maturity
2

 
$
5,855

 
—

 
$
—

Interest-rate reductions
9

 
320

 
16

 
535

Total
11

 
$
6,175

 
16

 
$
535

 
Six Months Ended
June 30, 2017
 
Six Months Ended
 June 30, 2016
 
Number
of Loans
 
Recorded
Investment
 
Number
of Loans
 
Recorded
Investment
(dollars in thousands)
 
 
 
 
 
 
 
Extensions of maturity
3

 
$
6,203

 
3

 
$
1,995

Interest-rate reductions
29

 
1,175

 
39

 
1,399

Total
32

 
$
7,378

 
42

 
$
3,394
Summary of Loans Modified in Troubled Debt Restructurings and Related Recorded Investment
The following table provides, by loan type, the number of loans modified in troubled debt restructurings, and the related recorded investment, during the three and six months ended June 30, 2017 and 2016.
 
Three Months Ended
June 30, 2017
 
Three Months Ended
June 30, 2016
 
Number
of Loans
 
Recorded
Investment
 
Number
of Loans
 
Recorded
Investment
(dollars in thousands)
 
 
 
 
 
 
 
Commercial and industrial
2

 
$
5,855

 
—

 
$
—

Manufactured housing
9

 
320

 
14

 
319

Residential real estate
—

 
—

 
2

 
216

Total loans
11

 
$
6,175

 
16

 
$
535

 
Six Months Ended
June 30, 2017
 
Six Months Ended
June 30, 2016
 
Number
of Loans
 
Recorded
Investment
 
Number
of Loans
 
Recorded
Investment
(dollars in thousands)
 
 
 
 
 
 
 
Commercial and industrial
3

 
$
6,203

 
1

 
$
76

Commercial real estate non-owner occupied
—

 
—

 
1

 
1,844

Manufactured housing
29

 
1,175

 
37

 
1,183

Residential real estate
—

 
—

 
3

 
291

Total loans
32

 
$
7,378

 
42

 
$
3,394
Changes in Accretable Yield Related to Purchased-credit-impaired Loans
The changes in accretable yield related to purchased-credit-impaired loans for the three and six months ended June 30, 2017 and 2016 were as follows:
 
Three Months Ended June 30,
 
2017
 
2016
(amounts in thousands)
 
 
 
Accretable yield balance as of March 31,
$
9,376

 
$
12,622

Accretion to interest income
(465
)
 
(499
)
Reclassification from nonaccretable difference and disposals, net
95

 
(958
)
Accretable yield balance as of June 30,
$
9,006

 
$
11,165



 
Six Months Ended June 30,
 
2017
 
2016
(amounts in thousands)
 
 
 
Accretable yield balance as of December 31,
$
10,202

 
$
12,947

Accretion to interest income
(958
)
 
(969
)
Reclassification from nonaccretable difference and disposals, net
(238
)
 
(813
)
Accretable yield balance as of June 30,
$
9,006

 
$
11,165
Schedule of Changes in Allowance for Loan Losses
 
Allowance for Loan Losses
 
Six Months Ended June 30,
(amounts in thousands)
2017
 
2016
Ending balance as of December 31,
$
37,315

 
$
35,647

Provision for loan losses (1)
3,585

 
3,055

Charge-offs
(2,769
)
 
(1,042
)
Charge-offs for BankMobile loans
(222
)
 
(140
)
Recoveries
453

 
577

Recoveries for BankMobile loans
96

 
—

Ending balance as of June 30,
$
38,458

 
$
38,097

The following table presents changes in the allowance for loan losses and the FDIC loss sharing receivable, including the effects of the estimated clawback liability and the termination agreement, for the three months ended June 30, 2017 and 2016.
 
Allowance for Loan Losses
 
Three Months Ended June 30,
(amounts in thousands)
2017
 
2016
Ending balance as of March 31,
$
39,883

 
$
37,605

Provision for loan losses (1)
535

 
1,552

Charge-offs
(1,946
)
 
(1,000
)
Charge-offs for BankMobile loans
(202
)
 
(140
)
Recoveries
134

 
80

Recoveries for BankMobile loans
54

 
—

Ending balance as of June 30,
$
38,458

 
$
38,097
Schedule of FDIC Loss Sharing Receivable
 
FDIC Loss Sharing Receivable/
Clawback Liability
 
Six Months Ended June 30,
(amounts in thousands)
2017
 
2016
Ending balance as of December 31,
$
—

 
$
(2,083
)
Increased estimated cash flows (2)
—

 
289

Other activity, net (a)
—

 
(255
)
Cash payments to the FDIC
—

 
668

Ending balance as of June 30,
$
—

 
$
(1,381
)
 
 
 
 
(1) Provision for loan losses
$
3,585

 
$
3,055

(2) Effect attributable to FDIC loss share arrangements
—

 
(289
)
Net amount reported as provision for loan losses
$
3,585

 
$
2,766

(a) Includes external costs, such as legal fees, real estate taxes, and appraisal expenses, which qualified for reimbursement under the FDIC loss sharing agreements.
 
FDIC Loss Sharing Receivable/
Clawback Liability
 
Three Months Ended June 30,
(amounts in thousands)
2017
 
2016
Ending balance as of March 31,
$
—

 
$
(2,544
)
Increased estimated cash flows (2)
—

 
766

Other activity, net (a)
—

 
49

Cash payments to the FDIC
—

 
348

Ending balance as of June 30,
$
—

 
$
(1,381
)
 
 
 
 
(1) Provision for loan losses
$
535

 
$
1,552

(2) Effect attributable to FDIC loss share arrangements
—

 
(766
)
Net amount reported as provision for loan losses
$
535

 
$
786



(a) Includes external costs, such as legal fees, real estate taxes, and appraisal expenses, which qualified for reimbursement under the FDIC loss sharing agreements.
Credit Ratings of Covered and Non-Covered Loan Portfolio
The following tables present the credit ratings of loans receivable as of June 30, 2017 and December 31, 2016.
 
June 30, 2017
 
Multi-family
 
Commercial
and
Industrial
 
Commercial
Real Estate Owner Occupied
 
Commercial Real Estate Non-Owner Occupied
 
Construction
 
Residential
Real Estate
 
Manufactured Housing
 
Other Consumer
 
Total
(amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass/Satisfactory
$
3,371,537

 
$
1,032,343

 
$
427,717

 
$
1,194,758

 
$
61,226

 
$
440,712

 
$
—

 
$
—

 
$
6,528,293

Special Mention
18,883

 
15,105

 
8,465

 
13,374

 
—

 
—

 
—

 
—

 
55,827

Substandard
9,197

 
14,835

 
7,022

 
7,880

 
—

 
3,741

 
—

 
—

 
42,675

Performing (1)
—

 
—

 
—

 
—

 
—

 
—

 
88,430

 
2,504

 
90,934

Non-performing (2)
—

 
—

 
—

 
—

 
—

 
—

 
7,718

 
57

 
7,775

Total
$
3,399,617

 
$
1,062,283

 
$
443,204

 
$
1,216,012

 
$
61,226

 
$
444,453

 
$
96,148

 
$
2,561

 
$
6,725,504

 
December 31, 2016
 
Multi-family
 
Commercial
and
Industrial
 
Commercial
Real Estate Owner Occupied
 
Commercial Real Estate Non-Owner Occupied
 
Construction
 
Residential
Real Estate
 
Manufactured
Housing
 
Other Consumer
 
Total
(amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass/Satisfactory
$
3,198,290

 
$
943,356

 
$
375,919

 
$
1,175,850

 
$
50,291

 
$
189,919

 
$
—

 
$
—

 
$
5,933,625

Special Mention
—

 
19,552

 
12,065

 
10,824

 
14,498

 
—

 
—

 
—

 
56,939

Substandard
16,709

 
14,313

 
5,648

 
7,041

 
—

 
3,583

 
—

 
—

 
47,294

Performing (1)
—

 
—

 
—

 
—

 
—

 
—

 
92,920

 
2,656

 
95,576

Non-performing (2)
—

 
—

 
—

 
—

 
—

 
—

 
8,810

 
70

 
8,880

Total
$
3,214,999

 
$
977,221

 
$
393,632

 
$
1,193,715

 
$
64,789

 
$
193,502

 
$
101,730

 
$
2,726

 
$
6,142,314


(1)
Includes consumer and other installment loans not subject to risk ratings.
(2)
Includes loans that are past due and still accruing interest and loans on nonaccrual status.