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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables) | 9 Months Ended
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Sep. 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):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
​ |  | 2022 | ​ | 2021
Real estate | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 3,061,089 | ​ | $ | 2,488,382
Construction | ​ | ​ | 183,379 | ​ | ​ | 151,791
Multi-family | ​ | ​ | 438,766 | ​ | ​ | 355,290
One-to-four family | ​ | ​ | 50,272 | ​ | ​ | 57,163
Total real estate loans | ​ | ​ | 3,733,506 | ​ | ​ | 3,052,626
Commercial and industrial | ​ | ​ | 869,215 | ​ | ​ | 654,535
Consumer | ​ | ​ | 26,106 | ​ | ​ | 32,366
Total loans | ​ | ​ | 4,628,827 | ​ | ​ | 3,739,527
Deferred fees, net of origination costs | ​ | ​ | (11,523) | ​ | ​ | (7,598)
Loans, net of deferred fees and costs | ​ | ​ | 4,617,304 | ​ | ​ | 3,731,929
Allowance for loan losses | ​ | ​ | (42,541) | ​ | ​ | (34,729)
Net loans | ​ | $ | 4,574,763 | ​ | $ | 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 September 30, 2022 |  | Real Estate |  | & Industrial |  | Construction |  | Family |  | Family |  | Consumer |  | Total
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance | ​ | $ | 25,945 | ​ | $ | 9,144 | ​ | $ | 2,587 | ​ | $ | 2,539 | ​ | $ | 102 | ​ | $ | 217 | ​ | $ | 40,534
Provision/(credit) for loan losses | ​ | ​ | 1,019 | ​ | ​ | 954 | ​ | ​ | (55) | ​ | ​ | 103 | ​ | ​ | (3) | ​ | ​ | (11) | ​ | ​ | 2,007
Loans charged-off | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Recoveries | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Total ending allowance balance | ​ | $ | 26,964 | ​ | $ | 10,098 | ​ | $ | 2,532 | ​ | $ | 2,642 | ​ | $ | 99 | ​ | $ | 206 | ​ | $ | 42,541
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | Multi | ​ | One-to-four | ​ | ​ | ​ | ​ | ​ | ​
Three months ended September 30, 2021 |  | Real Estate |  | & Industrial |  | Construction |  | Family |  | Family |  | Consumer |  | Total
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance | ​ | $ | 20,299 | ​ | $ | 10,545 | ​ | $ | 1,972 | ​ | $ | 2,618 | ​ | $ | 169 | ​ | $ | 1,774 | ​ | $ | 37,377
Provision/(credit) for loan losses | ​ | ​ | 1,169 | ​ | ​ | (440) | ​ | ​ | 129 | ​ | ​ | (331) | ​ | ​ | (13) | ​ | ​ | (24) | ​ | ​ | 490
Loans charged-off | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (54) | ​ | ​ | (54)
Recoveries | ​ | ​ | — | ​ | ​ | 308 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 308
Total ending allowance balance | ​ | $ | 21,468 | ​ | $ | 10,413 | ​ | $ | 2,101 | ​ | $ | 2,287 | ​ | $ | 156 | ​ | $ | 1,696 | ​ | $ | 38,121
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | One-to-four | ​ | ​ | ​ | ​ | ​ | ​
Nine months ended September 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 | ​ | ​ | 4,748 | ​ | ​ | 2,390 | ​ | ​ | 427 | ​ | ​ | 486 | ​ | ​ | (41) | ​ | ​ | (203) | ​ | ​ | 7,807
Loans charged-off | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Recoveries | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5 | ​ | ​ | 5
Total ending allowance balance | ​ | $ | 26,964 | ​ | $ | 10,098 | ​ | $ | 2,532 | ​ | $ | 2,642 | ​ | $ | 99 | ​ | $ | 206 | ​ | $ | 42,541
​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial | ​ | Commercial | ​ | ​ | ​ | ​ | ​ | ​ | ​ | One-to-four | ​ | ​ | ​ | ​ | ​ | ​
Nine months ended September 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 | ​ | ​ | 4,225 | ​ | ​ | (1,163) | ​ | ​ | 508 | ​ | ​ | (374) | ​ | ​ | (50) | ​ | ​ | 169 | ​ | ​ | 3,315
Loans charged-off | ​ | ​ | — | ​ | ​ | (855) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (54) | ​ | ​ | (909)
Recoveries | ​ | ​ | — | ​ | ​ | 308 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 308
Total ending allowance balance | ​ | $ | 21,468 | ​ | $ | 10,413 | ​ | $ | 2,101 | ​ | $ | 2,287 | ​ | $ | 156 | ​ | $ | 1,696 | ​ | $ | 38,121
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 September 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 | ​ | ​ | 26,964 | ​ | ​ | 10,098 | ​ | ​ | 2,532 | ​ | ​ | 2,642 | ​ | ​ | 99 | ​ | ​ | 182 | ​ | ​ | 42,517
Total ending allowance balance | ​ | $ | 26,964 | ​ | $ | 10,098 | ​ | $ | 2,532 | ​ | $ | 2,642 | ​ | $ | 99 | ​ | $ | 206 | ​ | $ | 42,541
Loans: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually evaluated for impairment | ​ | $ | 28,422 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 911 | ​ | $ | 24 | ​ | $ | 29,357
Collectively evaluated for impairment | ​ | ​ | 3,032,667 | ​ | ​ | 869,215 | ​ | ​ | 183,379 | ​ | ​ | 438,766 | ​ | ​ | 49,361 | ​ | ​ | 26,082 | ​ | ​ | 4,599,470
Total ending loan balance | ​ | $ | 3,061,089 | ​ | $ | 869,215 | ​ | $ | 183,379 | ​ | $ | 438,766 | ​ | $ | 50,272 | ​ | $ | 26,106 | ​ | $ | 4,628,827
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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 September 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 | ​ | $ | 1,187 | ​ | $ | 911 | ​ | $ | — | ​
CRE | ​ | ​ | 28,422 | ​ | ​ | 28,422 | ​ | ​ | — | ​
Total | ​ | $ | 29,609 | ​ | $ | 29,333 | ​ | $ | — | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | 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 September 30, 2022 | ​ | Investment | ​ | Recognized
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | $ | 24 | ​ | $ | —
Total | ​ | $ | 24 | ​ | $ | —
​ | ​ | ​ | ​ | ​ | ​ | ​
Without an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​
One-to-four family | ​ | $ | 916 | ​ | $ | 9
CRE | ​ | ​ | 28,486 | ​ | ​ | 273
Total | ​ | $ | 29,402 | ​ | $ | 282
​ | ​ | ​ | ​ | ​ | ​ | ​
Three months ended September 30, 2021 |  | ​ | ​ | ​
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​
One-to-four family | ​ | $ | 458 | ​ | $ | 4
Consumer | ​ | ​ | 2,103 | ​ | ​ | 26
C&I | ​ | ​ | 3,145 | ​ | ​ | —
Total | ​ | $ | 5,706 | ​ | $ | 30
​ | ​ | ​ | ​ | ​ | ​ | ​
Without an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​
One-to-four family | ​ | $ | 506 | ​ | $ | 7
CRE | ​ | ​ | 10,335 | ​ | ​ | 2
C&I | ​ | ​ | 96 | ​ | ​ | —
Total | ​ | $ | 10,937 | ​ | $ | 9
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Average | ​ | Interest
​ | ​ | Recorded | ​ | Income
Nine months ended September 30, 2022 | ​ | Investment | ​ | Recognized
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​
One-to-four family | ​ | $ | — | ​ | $ | —
Consumer | ​ | $ | 93 | ​ | $ | —
Total | ​ | $ | 93 | ​ | $ | —
​ | ​ | ​ | ​ | ​ | ​ | ​
Without an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​
One-to-four family | ​ | $ | 816 | ​ | $ | 26
CRE | ​ | ​ | 30,992 | ​ | ​ | 769
Total | ​ | $ | 31,808 | ​ | $ | 795
​ | ​ | ​ | ​ | ​ | ​ | ​
Nine months ended September 30, 2021 |  | ​ | ​ | ​
With an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​
One-to-four family | ​ | $ | 466 | ​ | $ | 16
Consumer | ​ | ​ | 2,132 | ​ | ​ | 84
C&I | ​ | ​ | 3,407 | ​ | ​ | —
Total | ​ | $ | 6,005 | ​ | $ | 100
​ | ​ | ​ | ​ | ​ | ​ | ​
Without an allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​
One-to-four family | ​ | $ | 511 | ​ | $ | 20
CRE | ​ | ​ | 10,339 | ​ | ​ | 207
C&I | ​ | ​ | 96 | ​ | ​ | —
Total | ​ | $ | 10,946 | ​ | $ | 227
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 September 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 September 30, 2022 |  | Days |  | Days |  | greater |  | due |  | loans |  | Total
Commercial real estate | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 3,061,089 | ​ | $ | 3,061,089
Commercial & industrial | ​ | ​ | 160 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 160 | ​ | ​ | 869,055 | ​ | ​ | 869,215
Construction | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 183,379 | ​ | ​ | 183,379
Multi-family | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 438,766 | ​ | ​ | 438,766
One-to-four family | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 50,272 | ​ | ​ | 50,272
Consumer | ​ | ​ | 27 | ​ | ​ | 5 | ​ | ​ | 24 | ​ | ​ | 56 | ​ | ​ | 26,050 | ​ | ​ | 26,106
Total | ​ | $ | 187 | ​ | $ | 5 | ​ | $ | 24 | ​ | $ | 216 | ​ | $ | 4,628,611 | ​ | $ | 4,628,827
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | 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):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
​ | ​ | 2022 | ​ | 2021
Commercial real estate | ​ | $ | 330 | ​ | $ | 342
One-to-four family | ​ | ​ | 911 | ​ | ​ | 946
Total | ​ | $ | 1,241 | ​ | $ | 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 September 30, 2022 |  | Pass |  | Mention |  | Substandard |  | Doubtful | ​ | ​ | Total
Commercial real estate | ​ | $ | 3,032,666 | ​ | $ | 330 | ​ | $ | 28,093 | ​ | $ | — | ​ | $ | 3,061,089
Commercial & industrial | ​ | ​ | 861,216 | ​ | ​ | 7,999 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 869,215
Construction | ​ | ​ | 183,379 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 183,379
Multi-family | ​ | ​ | 438,766 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 438,766
Total | ​ | $ | 4,516,027 | ​ | $ | 8,329 | ​ | $ | 28,093 | ​ | $ | — | ​ | $ | 4,552,449
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | 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 https://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 https://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 https://asc.fasb.org/extlink&oid=123577603&loc=d3e5212-111524 + Details
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