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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables) | 6 Months Ended
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Jun. 30, 2022
LOANS AND ALLOWANCE FOR LOAN LOSSES |
Schedule of Net loans | Loans, net of deferred costs and fees, consist of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
​ |  | 2022 | ​ | 2021
Real estate | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 2,922,190 | ​ | $ | 2,488,382
Construction | ​ | ​ | 185,661 | ​ | ​ | 151,791
Multi-family | ​ | ​ | 418,726 | ​ | ​ | 355,290
One-to-four family | ​ | ​ | 51,190 | ​ | ​ | 57,163
Total real estate loans | ​ | ​ | 3,577,767 | ​ | ​ | 3,052,626
Commercial and industrial | ​ | ​ | 780,677 | ​ | ​ | 654,535
Consumer | ​ | ​ | 27,657 | ​ | ​ | 32,366
Total loans | ​ | ​ | 4,386,101 | ​ | ​ | 3,739,527
Deferred fees, net of origination costs | ​ | ​ | (10,936) | ​ | ​ | (7,598)
Loans, net of deferred fees and costs | ​ | ​ | 4,375,165 | ​ | ​ | 3,731,929
Allowance for loan losses | ​ | ​ | (40,534) | ​ | ​ | (34,729)
Net loans | ​ | $ | 4,334,631 | ​ | $ | 3,697,200
Schedule of changes in the allowance for loan losses by portfolio segment | The following tables present the activity in the ALLL by segment. The portfolio segments represent the categories that the Company uses to determine its ALLL (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | Multi | ​ | One-to-four | ​ | ​ | ​ | ​ | ​ | ​
Three months ended June 30, 2022 |  | Real Estate |  | & Industrial |  | Construction |  | Family |  | Family |  | Consumer |  | Total
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance | ​ | $ | 24,720 | ​ | $ | 8,488 | ​ | $ | 2,329 | ​ | $ | 2,256 | ​ | $ | 104 | ​ | $ | 237 | ​ | $ | 38,134
Provision/(credit) for loan losses | ​ | ​ | 1,225 | ​ | ​ | 656 | ​ | ​ | 258 | ​ | ​ | 283 | ​ | ​ | (2) | ​ | ​ | (20) | ​ | ​ | 2,400
Loans charged-off | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Recoveries | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total ending allowance balance | ​ | $ | 25,945 | ​ | $ | 9,144 | ​ | $ | 2,587 | ​ | $ | 2,539 | ​ | $ | 102 | ​ | $ | 217 | ​ | $ | 40,534
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | Multi | ​ | One-to-four | ​ | ​ | ​ | ​ | ​ | ​
Three months ended June 30, 2021 |  | Real Estate |  | & Industrial |  | Construction |  | Family |  | Family |  | Consumer |  | Total
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance | ​ | $ | 18,341 | ​ | $ | 10,827 | ​ | $ | 1,707 | ​ | $ | 2,732 | ​ | $ | 178 | ​ | $ | 1,717 | ​ | $ | 35,502
Provision/(credit) for loan losses | ​ | ​ | 1,958 | ​ | ​ | (282) | ​ | ​ | 265 | ​ | ​ | (114) | ​ | ​ | (9) | ​ | ​ | 57 | ​ | ​ | 1,875
Loans charged-off | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Recoveries | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total ending allowance balance | ​ | $ | 20,299 | ​ | $ | 10,545 | ​ | $ | 1,972 | ​ | $ | 2,618 | ​ | $ | 169 | ​ | $ | 1,774 | ​ | $ | 37,377
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | One-to-four | ​ | ​ | ​ | ​ | ​ | ​
Six months ended June 30, 2022 |  | Real Estate |  | & Industrial |  | Construction |  | Multi-family |  | Family |  | Consumer |  | Total
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance | ​ | $ | 22,216 | ​ | $ | 7,708 | ​ | $ | 2,105 | ​ | $ | 2,156 | ​ | $ | 140 | ​ | $ | 404 | ​ | $ | 34,729
Provision (credit) for loan losses | ​ | ​ | 3,729 | ​ | ​ | 1,436 | ​ | ​ | 482 | ​ | ​ | 383 | ​ | ​ | (38) | ​ | ​ | (192) | ​ | ​ | 5,800
Loans charged-off | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Recoveries | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5 | ​ | ​ | 5
Total ending allowance balance | ​ | $ | 25,945 | ​ | $ | 9,144 | ​ | $ | 2,587 | ​ | $ | 2,539 | ​ | $ | 102 | ​ | $ | 217 | ​ | $ | 40,534
​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | One-to-four | ​ | ​ | ​ | ​ | ​ | ​
Six months ended June 30, 2021 |  | Real Estate |  | & Industrial |  | Construction |  | Multi-family |  | Family |  | Consumer |  | Total
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance | ​ | $ | 17,243 | ​ | $ | 12,123 | ​ | $ | 1,593 | ​ | $ | 2,661 | ​ | $ | 206 | ​ | $ | 1,581 | ​ | $ | 35,407
Provision (credit) for loan losses | ​ | ​ | 3,056 | ​ | ​ | (723) | ​ | ​ | 379 | ​ | ​ | (43) | ​ | ​ | (37) | ​ | ​ | 193 | ​ | ​ | 2,825
Loans charged-off | ​ | ​ | — | ​ | ​ | (855) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (855)
Recoveries | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total ending allowance balance | ​ | $ | 20,299 | ​ | $ | 10,545 | ​ | $ | 1,972 | ​ | $ | 2,618 | ​ | $ | 169 | ​ | $ | 1,774 | ​ | $ | 37,377
Schedule of allowance for loan losses and the recorded investment in loans by portfolio segment | The following tables present the balance in the ALLL and the recorded investment in loans by portfolio segment based on impairment method (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | One-to-four | ​ | ​ | ​ | ​ | ​ | ​
At June 30, 2022 |  | Real Estate |  | & Industrial |  | Construction |  | Multi-family |  | Family |  | Consumer |  | Total
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually evaluated for impairment | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 24 | ​ | $ | 24
Collectively evaluated for impairment | ​ | ​ | 25,945 | ​ | ​ | 9,144 | ​ | ​ | 2,587 | ​ | ​ | 2,539 | ​ | ​ | 102 | ​ | ​ | 193 | ​ | ​ | 40,510
Total ending allowance balance | ​ | $ | 25,945 | ​ | $ | 9,144 | ​ | $ | 2,587 | ​ | $ | 2,539 | ​ | $ | 102 | ​ | $ | 217 | ​ | $ | 40,534
Loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually evaluated for impairment | ​ | $ | 28,549 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 921 | ​ | $ | 24 | ​ | $ | 29,494
Collectively evaluated for impairment | ​ | ​ | 2,893,641 | ​ | ​ | 780,677 | ​ | ​ | 185,661 | ​ | ​ | 418,726 | ​ | ​ | 50,269 | ​ | ​ | 27,633 | ​ | ​ | 4,356,607
Total ending loan balance | ​ | $ | 2,922,190 | ​ | $ | 780,677 | ​ | $ | 185,661 | ​ | $ | 418,726 | ​ | $ | 51,190 | ​ | $ | 27,657 | ​ | $ | 4,386,101
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | One-to-four | ​ | ​ | ​ | ​ | ​ | ​
At December 31, 2021 |  | Real Estate |  | & Industrial |  | Construction |  | Multi-family |  | Family |  | Consumer |  | Total
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually evaluated for impairment | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 26 | ​ | $ | 170 | ​ | $ | 196
Collectively evaluated for impairment | ​ | ​ | 22,216 | ​ | ​ | 7,708 | ​ | ​ | 2,105 | ​ | ​ | 2,156 | ​ | ​ | 114 | ​ | ​ | 234 | ​ | ​ | 34,533
Total ending allowance balance | ​ | $ | 22,216 | ​ | $ | 7,708 | ​ | $ | 2,105 | ​ | $ | 2,156 | ​ | $ | 140 | ​ | $ | 404 | ​ | $ | 34,729
Loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually evaluated for impairment | ​ | $ | 38,518 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 946 | ​ | $ | 302 | ​ | $ | 39,766
Collectively evaluated for impairment | ​ | ​ | 2,449,864 | ​ | ​ | 654,535 | ​ | ​ | 151,791 | ​ | ​ | 355,290 | ​ | ​ | 56,217 | ​ | ​ | 32,064 | ​ | ​ | 3,699,761
Total ending loan balance | ​ | $ | 2,488,382 | ​ | $ | 654,535 | ​ | $ | 151,791 | ​ | $ | 355,290 | ​ | $ | 57,163 | ​ | $ | 32,366 | ​ | $ | 3,739,527
Schedule of loans determined to be impaired by class of loans | The following tables present loans individually evaluated for impairment recognized (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Allowance | ​
​ | ​ | Unpaid | ​ | ​ | ​ | for Loan | ​
​ | ​ | Principal | ​ | Recorded | ​ | Losses | ​
At June 30, 2022 |  | Balance |  | Investment |  | Allocated | ​
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | $ | 24 | ​ | $ | 24 | ​ | $ | 24 | ​
Total | ​ | $ | 24 | ​ | $ | 24 | ​ | $ | 24 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Without an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
One-to-four family | ​ | $ | 1,197 | ​ | $ | 921 | ​ | $ | — | ​
CRE | ​ | ​ | 28,550 | ​ | ​ | 28,549 | ​ | ​ | — | ​
Total | ​ | $ | 29,747 | ​ | $ | 29,470 | ​ | $ | — | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Allowance | ​
​ | ​ | Unpaid | ​ | ​ | ​ | for Loan | ​
​ | ​ | Principal | ​ | Recorded | ​ | Losses | ​
At December 31, 2021 |  | Balance |  | Investment |  | Allocated | ​
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
One-to-four family | ​ | $ | 577 | ​ | $ | 447 | ​ | $ | 26 | ​
Consumer | ​ | ​ | 302 | ​ | ​ | 302 | ​ | ​ | 170 | ​
Total | ​ | $ | 879 | ​ | $ | 749 | ​ | $ | 196 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Without an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
One-to-four family | ​ | $ | 646 | ​ | $ | 499 | ​ | $ | — | ​
CRE | ​ | ​ | 38,518 | ​ | ​ | 38,518 | ​ | ​ | — | ​
Total | ​ | $ | 39,164 | ​ | $ | 39,017 | ​ | $ | — | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Average | ​ | Interest
​ | ​ | Recorded | ​ | Income
Three months ended June 30, 2022 | ​ | Investment | ​ | Recognized
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | $ | 24 | ​ | $ | —
Total | ​ | $ | 24 | ​ | $ | —
​ | ​ | ​ | ​ | ​ | ​ | ​
Without an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​
One-to-four family | ​ | $ | 927 | ​ | $ | 9
CRE | ​ | ​ | 28,514 | ​ | ​ | 266
Total | ​ | $ | 29,441 | ​ | $ | 275
​ | ​ | ​ | ​ | ​ | ​ | ​
Three months ended June 30, 2021 |  | ​ | ​ | ​
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​
One-to-four family | ​ | $ | 465 | ​ | $ | 4
Consumer | ​ | ​ | 2,140 | ​ | ​ | 29
C&I | ​ | ​ | 3,145 | ​ | ​ | —
Total | ​ | $ | 5,750 | ​ | $ | 33
​ | ​ | ​ | ​ | ​ | ​ | ​
Without an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​
One-to-four family | ​ | $ | 511 | ​ | $ | 7
CRE | ​ | ​ | 10,339 | ​ | ​ | 37
C&I | ​ | ​ | 192 | ​ | ​ | —
Total | ​ | $ | 11,042 | ​ | $ | 44
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Average | ​ | Interest
​ | ​ | Recorded | ​ | Income
Six months ended June 30, 2022 | ​ | Investment | ​ | Recognized
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | $ | 117 | ​ | $ | —
Total | ​ | $ | 117 | ​ | $ | —
​ | ​ | ​ | ​ | ​ | ​ | ​
Without an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​
One-to-four family | ​ | $ | 784 | ​ | $ | 18
CRE | ​ | ​ | 31,849 | ​ | ​ | 496
Total | ​ | $ | 32,633 | ​ | $ | 514
​ | ​ | ​ | ​ | ​ | ​ | ​
Six months ended June 30, 2021 |  | ​ | ​ | ​
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​
One-to-four family | ​ | $ | 470 | ​ | $ | 12
Consumer | ​ | ​ | 2,159 | ​ | ​ | 58
C&I | ​ | ​ | 3,494 | ​ | ​ | —
Total | ​ | $ | 6,123 | ​ | $ | 70
​ | ​ | ​ | ​ | ​ | ​ | ​
Without an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​
One-to-four family | ​ | $ | 514 | ​ | $ | 13
CRE | ​ | ​ | 10,341 | ​ | ​ | 204
C&I | ​ | ​ | 128 | ​ | ​ | —
Total | ​ | $ | 10,983 | ​ | $ | 217
Schedule of recorded investment in non-accrual loans, loans past due over 90 days and still accruing by class of loans | The following tables present the recorded investment in non-accrual loans and loans past due over 90 days and still accruing, by class of loans (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Loans Past Due
​ | ​ | ​ | ​ | ​ | Over 90 Days
At June 30, 2022 |  | Nonaccrual | ​ | Still Accruing
Consumer | ​ | $ | 24 | ​ | $ | —
Total | ​ | $ | 24 | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Loans Past Due
​ | ​ | ​ | ​ | ​ | Over 90 Days
At December 31, 2021 | ​ | ​ | Nonaccrual | ​ | Still Accruing
Commercial real estate | ​ | $ | 9,984 | ​ | $ | —
Consumer | ​ | ​ | 37 | ​ | ​ | 265
Total | ​ | $ | 10,021 | ​ | $ | 265
Schedule of aging of the recorded investment in past due loans by class of loans | The following tables present the aging of the recorded investment in past due loans by class of loans (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | 90 | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 30-59 | ​ | 60-89 | ​ | Days and | ​ | Total past | ​ | Current | ​ | ​
At June 30, 2022 |  | Days |  | Days |  | greater |  | due |  | loans |  | Total
Commercial real estate | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 2,922,190 | ​ | $ | 2,922,190
Commercial & industrial | ​ | ​ | 95 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 95 | ​ | ​ | 780,582 | ​ | ​ | 780,677
Construction | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 185,661 | ​ | ​ | 185,661
Multi-family | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 418,726 | ​ | ​ | 418,726
One-to-four family | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 51,190 | ​ | ​ | 51,190
Consumer | ​ | ​ | 48 | ​ | ​ | 15 | ​ | ​ | 24 | ​ | ​ | 87 | ​ | ​ | 27,570 | ​ | ​ | 27,657
Total | ​ | $ | 143 | ​ | $ | 15 | ​ | $ | 24 | ​ | $ | 182 | ​ | $ | 4,385,919 | ​ | $ | 4,386,101
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | 90 | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 30-59 | ​ | 60-89 | ​ | Days and | ​ | Total past | ​ | Current | ​ | ​
At December 31, 2021 |  | Days |  | Days |  | greater |  | due |  | loans |  | Total
Commercial real estate | ​ | $ | — | ​ | $ | — | ​ | $ | 9,984 | ​ | $ | 9,984 | ​ | $ | 2,478,398 | ​ | $ | 2,488,382
Commercial & industrial | ​ | ​ | 151 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 151 | ​ | ​ | 654,384 | ​ | ​ | 654,535
Construction | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 151,791 | ​ | ​ | 151,791
Multi-family | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 355,290 | ​ | ​ | 355,290
One-to-four family | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 57,163 | ​ | ​ | 57,163
Consumer | ​ | ​ | 93 | ​ | ​ | 94 | ​ | ​ | 302 | ​ | ​ | 489 | ​ | ​ | 31,877 | ​ | ​ | 32,366
Total | ​ | $ | 244 | ​ | $ | 94 | ​ | $ | 10,286 | ​ | $ | 10,624 | ​ | $ | 3,728,903 | ​ | $ | 3,739,527
Schedule of recorded investment in TDRs by class of loans | The following tables present the recorded investment in TDRs by class of loans (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
​ | ​ | 2022 | ​ | 2021
Commercial real estate | ​ | $ | 334 | ​ | $ | 342
One-to-four family | ​ | ​ | 921 | ​ | ​ | 946
Total | ​ | $ | 1,255 | ​ | $ | 1,288
Schedule of risk category of loans by class of loans | Loans not meeting the criteria above 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 June 30, 2022 |  | Pass |  | Mention |  | Substandard |  | Doubtful | ​ | ​ | Total
Commercial real estate | ​ | $ | 2,893,641 | ​ | $ | 334 | ​ | $ | 28,215 | ​ | $ | — | ​ | $ | 2,922,190
Commercial & industrial | ​ | ​ | 776,790 | ​ | ​ | 3,887 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 780,677
Construction | ​ | ​ | 185,661 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 185,661
Multi-family | ​ | ​ | 418,726 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 418,726
Total | ​ | $ | 4,274,818 | ​ | $ | 4,221 | ​ | $ | 28,215 | ​ | $ | — | ​ | $ | 4,307,254
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Special | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At December 31, 2021 |  | Pass |  | Mention |  | Substandard |  | Doubtful | ​ | ​ | Total
Commercial real estate | ​ | $ | 2,449,864 | ​ | $ | 342 | ​ | $ | 38,176 | ​ | $ | — | ​ | $ | 2,488,382
Commercial & industrial | ​ | ​ | 646,251 | ​ | ​ | 4,177 | ​ | ​ | 4,107 | ​ | ​ | — | ​ | ​ | 654,535
Construction | ​ | ​ | 151,791 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 151,791
Multi-family | ​ | ​ | 355,290 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 355,290
Total | ​ | $ | 3,603,196 | ​ | $ | 4,519 | ​ | $ | 42,283 | ​ | $ | — | ​ | $ | 3,649,998

X
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524 + Details
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- Definition Tabular disclosure of impaired financing receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123577603&loc=d3e5212-111524 + Details
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