LOANS AND ALLOWANCE FOR LOAN LOSSES

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 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 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 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