LOANS

Schedule of changes in the allowance for loan losses by portfolio segment

The following tables represent the changes in the allowance for loan losses for the years ended December 31, 2020 and 2019, by portfolio segment. The portfolio segments represent the categories that the Bank uses to determine its allowance for loan losses (in thousands):


	Commercial		Commercial						One-to-four
Year ended December 31, 2020	Real Estate		& Industrial		Construction		Multi-family		Family		Consumer		Total
Allowance for loan losses:
Beginning balance	$	15,317	$	7,070	$	411	$	2,453	$	267	$	754	$	26,272
Provision (credit) for loan losses		1,926		5,165		1,182		208		(61)		1,068		9,488
Loans charged-off		—		(254)		—		—		—		(251)		(505)
Recoveries		—		142		—		—		—		10		152
Total ending allowance balance	$	17,243	$	12,123	$	1,593	$	2,661	$	206	$	1,581	$	35,407


	Commercial		Commercial						One-to-four
Year ended December 31, 2019	Real Estate		& Industrial		Construction		Multi-family		Family		Consumer		Total
Allowance for loan losses:
Beginning balance	$	9,037	$	6,257	$	625	$	2,047	$	228	$	748	$	18,942
Provision (credit) for loan losses		6,280		(2,678)		(214)		406		39		390		4,223
Loans charged-off		—		(798)		—		—		—		(389)		(1,187)
Recoveries		—		4,289		—		—		—		5		4,294
Total ending allowance balance	$	15,317	$	7,070	$	411	$	2,453	$	267	$	754	$	26,272

Schedule of loans determined to be impaired by class of loans

The following tables present information related to loans determined to be impaired by class of loans as of and for the years ended December 31, 2020 and 2019 (in thousands):


	Unpaid Principal				Allowance for Loan		Average Recorded		Interest Income
At December 31, 2020	Balance		Recorded Investment		Losses Allocated		Investment		Recognized
With an allowance recorded:
One-to-four family	$	610	$	480	$	53	$	491	$	19
Consumer		2,197		2,197		1,203		1,503		88
Commercial and industrial		4,192		4,192		3,662		3,456		—
Total	$	6,999	$	6,869	$	4,918	$	5,450	$	107

Without an allowance recorded:
One-to-four family		666	$	519	$	—	$	996	$	20
Commercial real estate		10,345		10,345		—		2,360		38
Commercial and industrial		—		—		—		951		—
Total	$	11,011	$	10,864	$	—	$	4,307	$	58


	Unpaid Principal				Allowance for Loan		Average Recorded		Interest Income
At December 31, 2019	Balance		Recorded Investment		Losses Allocated		Investment		Recognized
With an allowance recorded:
One-to-four family	$	633	$	503	$	64	$	411	$	19
Consumer		731		728		311		311		13
Commercial and industrial		1,047		1,047		805		419		—
Total	$	2,411	$	2,278	$	1,180	$	1,141	$	32

Without an allowance recorded:
One-to-four family		3,028	$	2,881	$	—	$	2,063	$	124
Commercial real estate		367		367		—		375		15
Total	$	3,395	$	3,248	$	—	$	2,438	$	139

Schedule of aging of the recorded investment in past due loans by class of loans

The following table presents the aging of the recorded investment in past due loans by class of loans as of December 31, 2020 and 2019 (in thousands):


					Greater
	30-59		60-89		than 90		Total past		Current
At December 31, 2020	Days		Days		days		due		loans		Total
Commercial real estate	$	40	$	9,984	$	—	$	10,024	$	1,877,481	$	1,887,505
Commercial & industrial		4,429		6,400		4,192		15,021		576,479		591,500
Construction		—		—		—		—		112,290		112,290
Multi-family		—		—		—		—		433,239		433,239
One-to-four family		2,908		—		—		2,908		68,446		71,354
Consumer		112		32		2,197		2,341		44,090		46,431
Total	$	7,489	$	16,416	$	6,389	$	30,294	$	3,112,025	$	3,142,319


					Greater
	30-59		60-89		than 90		Total past		Current
At December 31, 2019	Days		Days		days		due		loans		Total
Commercial real estate	$	—	$	—	$	—	$	—	$	1,668,236	$	1,668,236
Commercial & industrial		346		—		1,455		1,801		446,818		448,619
Construction		—		—		—		—		30,827		30,827
Multi-family		—		—		—		—		375,611		375,611
One-to-four family		—		—		—		—		82,670		82,670
Consumer		636		14		693		1,343		70,613		71,956
Total	$	982	$	14	$	2,148	$	3,144	$	2,674,775	$	2,677,919

Schedule of risk category of loans by class of loans

Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass-rated loans. Based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands):


			Special
At December 31, 2020	Pass		Mention		Substandard		Doubtful			Total
Commercial real estate	$	1,877,160	$	361	$	9,984	$	—	$	1,887,505
Commercial & industrial		583,809		3,499		—		4,192		591,500
Construction		112,290		—		—		—		112,290
Multi-family		433,239		—		—		—		433,239
Total	$	3,006,498	$	3,860	$	9,984	$	4,192	$	3,024,534


			Special
At December 31, 2019	Pass		Mention		Substandard		Doubtful			Total
Commercial real estate	$	1,667,869	$	367	$	—	$	—	$	1,668,236
Commercial & industrial		446,612		—		960		1,047		448,619
Construction		30,827		—		—		—		30,827
Multi-family		375,611		—		—		—		375,611
Total	$	2,520,919	$	367	$	960	$	1,047	$	2,523,293