XML 35 R25.htm IDEA: XBRL DOCUMENT
v3.24.1.1.u2

Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2024
Segment Information |
Segment Information | Note 15: Segment Information The Company’s business segments are defined as Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The reportable business segments are consistent with the internal reporting and evaluation of the principal lines of business of the Company. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities. It is also a fully integrated syndicator of low-income housing tax credit and debt funds. The Mortgage Warehousing segment funds agency eligible residential loans from the date of origination or purchase, until the date of sale in the secondary market, as well as commercial loans to non-depository financial institutions. The Banking segment provides a wide range of financial products and services to consumers and businesses, including retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and Small Business Administration (“SBA”) lending. The Other segment includes general and administrative expenses that provide services to all segments; internal funds transfer pricing offsets resulting from allocations to/from the other segments, certain elimination entries and investments in qualified affordable housing limited partnerships or LLCs and certain debt funds. All operations are domestic. ​ ​ ​ ​ ​ ​ ​ ​ ​ The tables below present selected business segment financial information for the three months ended March 31, 2024 and 2023. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Multi-family | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  |
​ | ​ | Mortgage | ​ | Mortgage | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
​ |  | Banking |  | Warehousing |  | Banking |  | Other |  | Total
Three Months Ended March 31, 2024 | ​ | (In thousands)
Interest income | ​ | $ | 1,746 | ​ | $ | 84,901 | ​ | $ | 224,288 | ​ | $ | 3,238 |  | $ | 314,173
Interest expense | ​ |  | 20 | ​ |  | 56,140 | ​ |  | 131,723 | ​ |  | (766) |  |  | 187,117
Net interest income | ​ |  | 1,726 | ​ |  | 28,761 | ​ |  | 92,565 | ​ |  | 4,004 |  |  | 127,056
Provision for credit losses | ​ |  | — | ​ |  | 940 | ​ |  | 3,786 | ​ |  | — |  |  | 4,726
Net interest income after provision for credit losses | ​ |  | 1,726 | ​ |  | 27,821 | ​ |  | 88,779 | ​ |  | 4,004 |  |  | 122,330
Noninterest income | ​ |  | 40,467 | ​ |  | 3,317 | ​ |  | 429 | ​ |  | (3,339) |  |  | 40,874
Noninterest expense | ​ |  | 19,571 | ​ |  | 4,798 | ​ |  | 15,578 | ​ |  | 8,965 |  |  | 48,912
Income (loss) before income taxes | ​ |  | 22,622 | ​ |  | 26,340 | ​ |  | 73,630 | ​ |  | (8,300) |  |  | 114,292
Income taxes | ​ |  | 6,013 | ​ |  | 6,150 | ​ |  | 17,205 | ​ |  | (2,130) |  |  | 27,238
Net income (loss) | ​ | $ | 16,609 | ​ | $ | 20,190 | ​ | $ | 56,425 | ​ | $ | (6,170) |  | $ | 87,054
Total assets | ​ | $ | 416,454 | ​ | $ | 5,369,299 | ​ | $ | 11,760,028 | ​ | $ | 276,795 |  | $ | 17,822,576
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Multi-family | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
​ | ​ | Mortgage | ​ | Mortgage | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
​ |  | Banking |  | Warehousing |  | Banking |  | Other |  | Total
Three Months Ended March 31, 2023 | ​ | (In thousands)
Interest income | ​ | $ | 1,106 | ​ | $ | 42,318 | ​ | $ | 166,726 | ​ | $ | 1,144 |  | $ | 211,294
Interest expense | ​ |  | — | ​ |  | 27,794 | ​ |  | 84,526 | ​ |  | (1,719) |  |  | 110,601
Net interest income | ​ |  | 1,106 | ​ |  | 14,524 | ​ |  | 82,200 | ​ |  | 2,863 |  |  | 100,693
Provision for credit losses | ​ |  | — | ​ |  | 1,364 | ​ |  | 5,503 | ​ |  | — |  |  | 6,867
Net interest income after provision for credit losses | ​ |  | 1,106 | ​ |  | 13,160 | ​ |  | 76,697 | ​ |  | 2,863 |  |  | 93,826
Noninterest income | ​ |  | 16,597 | ​ |  | 1,033 | ​ |  | (1,189) | ​ |  | (2,177) |  |  | 14,264
Noninterest expense | ​ |  | 14,631 | ​ |  | 2,755 | ​ |  | 10,170 | ​ |  | 7,216 |  |  | 34,772
Income (loss) before income taxes | ​ |  | 3,072 | ​ |  | 11,438 | ​ |  | 65,338 | ​ |  | (6,530) |  |  | 73,318
Income taxes | ​ |  | 1,106 | ​ |  | 2,797 | ​ |  | 16,031 | ​ |  | (1,571) |  |  | 18,363
Net income (loss) | ​ | $ | 1,966 | ​ | $ | 8,641 | ​ | $ | 49,307 | ​ | $ | (4,959) |  | $ | 54,955
Total assets | ​ | $ | 341,487 | ​ | $ | 3,318,491 | ​ | $ | 10,430,293 | ​ | $ | 150,695 |  | $ | 14,240,966
​

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration