Loans (Tables)

6 Months Ended

Jun. 30, 2015

Net loans held-for-investment are as follows (in thousands).



	June 30,			December 31,
	2015			2014
Real estate loans:
Multifamily	$	1,218,702		$	1,072,193
Commercial mortgage	391,235			390,288
One-to-four family residential mortgage	80,557			74,401
Home equity and lines of credit	57,518			54,533
Construction and land	15,903			21,412
Total real estate loans	1,763,915			1,612,827
Commercial and industrial loans	16,693			12,945
Other loans	1,947			2,157
Total commercial and industrial and other loans	18,640			15,102
Deferred loan cost, net	4,808			4,565
Originated loans held-for-investment, net	1,787,363			1,632,494
PCI Loans	37,778			44,816
Loans acquired:
One-to-four family residential mortgage	349,661			234,478
Multifamily	17,431			18,844
Commercial mortgage	11,401			11,999
Construction and land	—			364
Total loans acquired, net	378,493			265,685
Loans held-for-investment, net	2,203,634			1,942,995
Allowance for loan losses	(25,516		)	(26,292		)
Net loans held-for-investment	$	2,178,118		$	1,916,703

Summary of Accretable Yield

The following details the accretion of interest income for the periods indicated (in thousands).



	At or for the six months ended June 30,
	2015			2014
Balance at the beginning of period	$	27,943		$	32,464
Accretion into interest income	(2,237		)	(2,518		)
Net reclassification from non-accretable difference	—			374
Balance at end of period	$	25,706		$	30,320

Allowance for Credit Losses on Financing Receivables

The following tables set forth activity in our allowance for loan losses, by loan type, as of and for the three and six months ended June 30, 2015, and June 30, 2014 (in thousands).



	Three Months Ended June 30, 2015
	Real Estate
	Commercial			One-to-Four Family			Construction and Land			Multifamily			Home Equity and Lines of Credit		Commercial and Industrial			Other		Unallocated			Originated Loans Total			Purchased Credit-Impaired		Acquired Loans			Total
Allowance for loan losses:
Beginning balance	$	8,483		$	870		$	218		$	12,698		$	842	$	995		$	103	$	1,228		$	25,437		$	400	$	61		$	25,898
Charge-offs	(186		)	(126		)	—			(113		)	—		(32		)	—		—			(457		)	—		—			(457		)
Recoveries	—			—			—			—			—		—			3		—			3			—		—			3
Provisions/(credit)	(956		)	363			(33		)	623			99		48			23		(93		)	74			—		(2		)	72
Ending balance	$	7,341		$	1,107		$	185		$	13,208		$	941	$	1,011		$	129	$	1,135		$	25,057		$	400	$	59		$	25,516



	Three Months Ended June 30, 2014
	Real Estate
	Commercial			One-to-Four Family			Construction and Land			Multifamily		Home Equity and Lines of Credit			Commercial and Industrial		Other			Unallocated		Originated Loans Total			Purchased Credit-Impaired			Acquired Loans			Total
Allowance for loan losses:
Beginning balance	$	12,359		$	818		$	227		$	9,814	$	958		$	473	$	68		$	1,217	$	25,934		$	588		$	43		$	26,565
Charge-offs	—			(7		)	—			—		(160		)	—		—			—		(167		)	—			—			(167		)
Recoveries	—			—			—			—		—			—		15			—		15			—			—			15
Provisions/(credit)	(477		)	201			(71		)	66		195			58		(18		)	91		45			(188		)	(3		)	(146		)
Ending balance	$	11,882		$	1,012		$	156		$	9,880	$	993		$	531	$	65		$	1,308	$	25,827		$	400		$	40		$	26,267



	Six Months Ended June 30, 2015
	Real Estate
	Commercial			One-to-Four Family			Construction and Land			Multifamily			Home Equity and Lines of Credit			Commercial and Industrial			Other			Unallocated			Originated Loans Total			Purchased Credit-Impaired		Acquired Loans			Total
Allowance for loan losses:
Beginning balance	$	9,309		$	951		$	266		$	12,219		$	901		$	841		$	134		$	1,209		$	25,830		$	400	$	62		$	26,292
Charge-offs	(829		)	(127		)	—			(113		)	—			(32		)	—			—			(1,101		)	—		—			(1,101		)
Recoveries	1			—			—			—			42			6			4			—			53			—		—			53
Provisions/(credit)	(1,140		)	283			(81		)	1,102			(2		)	196			(9		)	(74		)	275			—		(3		)	272
Ending balance	$	7,341		$	1,107		$	185		$	13,208		$	941		$	1,011		$	129		$	1,135		$	25,057		$	400	$	59		$	25,516



	Six Months Ended June 30, 2014
	Real Estate
	Commercial			One-to-Four Family			Construction and Land			Multifamily		Home Equity and Lines of Credit			Commercial and Industrial		Other			Unallocated		Originated Loans Total			Purchased Credit-Impaired			Acquired Loans		Total
Allowance for loan losses:
Beginning balance	$	12,619		$	875		$	205		$	9,374	$	860		$	425	$	67		$	1,024	$	25,449		$	588		$	—	$	26,037
Charge-offs	—			(22		)	(1		)	—		(294		)	—		—			—		(317		)	—			—		(317		)
Recoveries	—			—			246			—		—			—		30			—		276			—			—		276
Provisions/(credit)	(737		)	159			(294		)	506		427			106		(32		)	284		419			(188		)	40		271
Ending balance	$	11,882		$	1,012		$	156		$	9,880	$	993		$	531	$	65		$	1,308	$	25,827		$	400		$	40	$	26,267

Allowance for Loan Losses and Loans Receivable by Portfolio Segment and Based on Impairment Method

The following tables detail the amount of loans receivable held-for-investment, net of deferred loan fees and costs, that are evaluated individually, and collectively, for impairment, and the related portion of the allowance for loan losses that is allocated to each loan portfolio segment, at June 30, 2015, and December 31, 2014 (in thousands).



	June 30, 2015
	Real Estate
	Commercial		One-to-Four Family		Construction and Land		Multifamily		Home Equity and Lines of Credit		Commercial and Industrial		Other		Unallocated		Originated Loans Total		Purchased Credit-Impaired		Acquired Loans		Total
Allowance for loan losses:
Ending balance: individually evaluated for impairment	$	1,238	$	102	$	—	$	186	$	30	$	—	$	—	$	—	$	1,556	$	—	$	59	$	1,615
Ending balance: collectively evaluated for impairment	6,103		1,005		185		13,022		911		1,011		129		1,135		23,501		400		—		23,901
Loans, net:
Ending balance	391,882		81,177		15,925		1,221,093		58,596		16,743		1,947		—		1,787,363		37,778		378,493		2,203,634
Ending balance: individually evaluated for impairment	26,146		1,615		—		1,940		363		124		—		—		30,188		—		2,710		32,898
Ending balance: collectively evaluated for impairment	365,736		79,562		15,925		1,219,153		58,233		16,619		1,947		—		1,757,175		37,778		375,783		2,170,736



	December 31, 2014
	Real Estate
	Commercial		One-to-Four Family		Construction and Land		Multifamily		Home Equity and Lines of Credit		Commercial and Industrial		Other		Unallocated		Originated Loans Total		Purchased Credit-Impaired		Acquired Loans		Total
Allowance for loan losses:
Ending balance: individually evaluated for impairment	$	2,361	$	57	$	—	$	215	$	13	$	109	$	—	$	—	$	2,755	$	—	$	62	$	2,817
Ending balance: collectively evaluated for impairment	6,948		894		266		12,004		888		732		134		1,209		23,075		400		—		23,475
Loans, net:
Ending balance	390,885		74,990		21,445		1,074,539		55,486		12,992		2,157		—		1,632,494		44,816		265,685		1,942,995
Ending balance: individually evaluated for impairment	29,224		1,072		—		1,990		327		806		—		—		33,419		—		855		34,274
Ending balance: collectively evaluated for impairment	361,661		73,918		21,445		1,072,549		55,159		12,186		2,157		—		1,599,075		44,816		264,830		1,908,721

Investment of Originated Loans Held-for-Investment, Net of Deferred Fees and Costs, by Loan Type and Credit Quality Indicator

The following tables detail the recorded investment of originated loans held-for-investment, net of deferred fees and costs, by loan type and credit quality indicator at June 30, 2015, and December 31, 2014 (in thousands).



	June 30, 2015
	Real Estate
	Multifamily				Commercial				One-to-Four Family				Construction and Land		Home Equity and Lines of Credit		Commercial and Industrial		Other		Total
	< 35% LTV		=> 35% LTV		< 35% LTV		=> 35% LTV		< 60% LTV		=> 60% LTV
Internal Risk Rating
Pass	$	73,412	$	1,140,810	$	51,925	$	294,063	$	32,330	$	44,548	$	15,925	$	58,072	$	15,916	$	1,947	$	1,728,948
Special Mention	270		3,862		1,068		7,160		542		—		—		78		374		—		13,354
Substandard	789		1,950		1,260		36,406		2,377		1,380		—		446		453		—		45,061
Originated loans held-for-investment, net	$	74,471	$	1,146,622	$	54,253	$	337,629	$	35,249	$	45,928	$	15,925	$	58,596	$	16,743	$	1,947	$	1,787,363



	December 31, 2014
	Real Estate
	Multifamily				Commercial				One-to-Four Family				Construction and Land		Home Equity and Lines of Credit		Commercial and Industrial		Other		Total
	< 35% LTV		=> 35% LTV		< 35% LTV		=> 35% LTV		< 60% LTV		=> 60% LTV
Internal Risk Rating
Pass	$	64,692	$	999,708	$	47,534	$	289,794	$	29,629	$	40,527	$	21,445	$	54,935	$	11,421	$	2,157	$	1,561,842
Special Mention	283		4,342		2,436		9,792		1,143		—		—		360		652		—		19,008
Substandard	801		4,713		—		41,329		2,303		1,388		—		191		919		—		51,644
Originated loans held-for-investment, net	$	65,776	$	1,008,763	$	49,970	$	340,915	$	33,075	$	41,915	$	21,445	$	55,486	$	12,992	$	2,157	$	1,632,494

Estimated Expected Future Cash Flows of Each PCI Loan Pool

The following tables set forth the detail, and delinquency status, of non-performing loans (non-accrual loans and loans past due 90 days or more and still accruing), net of deferred fees and costs, at June 30, 2015, and December 31, 2014, excluding loans held-for-sale and PCI loans which have been segregated into pools.



	June 30, 2015
	Total Non-Performing Loans
	Non-Accruing Loans
	0-29 Days Past Due		30-89 Days Past Due		90 Days or More Past Due		Total		90 Days or More Past Due and Accruing		Total Non-Performing Loans
Loans held-for-investment:
Real estate loans:
Commercial
LTV => 35%
Substandard	6,498		383		3,798		10,679		—		10,679
Total commercial	6,498		383		3,798		10,679		—		10,679
One-to-four family residential
LTV < 60%
Substandard	—		175		683		858		259		1,117
Total	—		175		683		858		259		1,117
LTV => 60%
Substandard	518		138		367		1,023		—		1,023
Total	518		138		367		1,023		—		1,023
Total one-to-four family residential	518		313		1,050		1,881		259		2,140
Multifamily
LTV => 35%
Pass	—		—		—		—		560		560
Total multifamily	—		—		—		—		560		560
Home equity and lines of credit
Substandard	—		—		97		97		—		97
Total home equity and lines of credit	—		—		97		97		—		97
Commercial and industrial loans
Pass	—		—		—		—		15		15
Total commercial and industrial loans	—		—		—		—		15		15
Total non-performing loans held-for-investment	7,016		696		4,945		12,657		834		13,491
Loans acquired:
One-to-four family residential
LTV < 60%
Substandard	—		—		790		790		133		923
Total one-to-four family residential	—		—		790		790		133		923
Total non-performing loans acquired	—		—		790		790		133		923
Total non-performing loans	$	7,016	$	696	$	5,735	$	13,447	$	967	$	14,414



	December 31, 2014
	Total Non-Performing Loans
	Non-Accruing Loans
	0-29 Days Past Due		30-89 Days Past Due		90 Days or More Past Due		Total		90 Days or More Past Due and Accruing		Total Non-Performing Loans
Loans held-for-investment:
Real estate loans:
Commercial
LTV => 35%
Substandard	$	—	$	395	$	10,769	$	11,164	$	—	$	11,164
Total commercial	—		395		10,769		11,164		—		11,164
One-to-four family residential
LTV < 60%
Substandard	—		190		674		864		286		1,150
Total	—		190		674		864		286		1,150
LTV => 60%
Substandard	—		—		1,028		1,028		—		1,028
Total	—		—		1,028		1,028		—		1,028
Total one-to-four family residential	—		190		1,702		1,892		286		2,178
Home equity and lines of credit
Substandard	—		98		—		98		—		98
Total home equity and lines of credit	—		98		—		98		—		98
Commercial and industrial loans
Substandard	—		—		408		408		—		408
Total commercial and industrial loans	—		—		408		408		—		408
Total non-performing loans held-for-investment	—		683		12,879		13,562		286		13,848
Loans acquired:
One-to-four family residential
LTV < 60%
Pass	—		—		—		—		422		422
Substandard	—		—		313		313		—		313
Total one-to-four family residential	—		—		313		313		422		735
Total non-performing loans acquired:	—		—		313		313		422		735
Total non-performing loans	$	—	$	683	$	13,192	$	13,875	$	708	$	14,583

Detail and Delinquency Status of Originated Loans Held-for-Investment, Net of Deferred Fees and Costs, by Performing and Non-Performing Loans

The following tables set forth the detail and delinquency status of originated and acquired loans held-for-investment, net of deferred fees and costs, by performing and non-performing loans at June 30, 2015, and December 31, 2014 (in thousands).



	June 30, 2015
	Performing (Accruing) Loans
	0-29 Days Past Due		30-89 Days Past Due		Total		Non-Performing Loans		Total Loans Receivable, net
Loans held-for-investment:
Real estate loans:
Commercial
LTV < 35%
Pass	$	51,925	$	—	$	51,925	$	—	$	51,925
Special Mention	1,068		—		1,068		—		1,068
Substandard	—		1,260		1,260		—		1,260
Total	52,993		1,260		54,253		—		54,253
LTV => 35%
Pass	292,298		1,765		294,063		—		294,063
Special Mention	7,160		—		7,160		—		7,160
Substandard	18,378		7,349		25,727		10,679		36,406
Total	317,836		9,114		326,950		10,679		337,629
Total commercial	370,829		10,374		381,203		10,679		391,882
One-to-four family residential
LTV < 60%
Pass	31,803		527		32,330		—		32,330
Special Mention	168		374		542		—		542
Substandard	752		508		1,260		1,117		2,377
Total	32,723		1,409		34,132		1,117		35,249
LTV => 60%
Pass	44,286		262		44,548		—		44,548
Substandard	—		357		357		1,023		1,380
Total	44,286		619		44,905		1,023		45,928
Total one-to-four family residential	77,009		2,028		79,037		2,140		81,177
Construction and land
Pass	15,925				15,925				15,925
Total construction and land	15,925		—		15,925		—		15,925
Multifamily
LTV < 35%
Pass	73,267		145		73,412		—		73,412
Special Mention	270		—		270		—		270
Substandard	789		—		789		—		789
Total	74,326		145		74,471		—		74,471
LTV => 35%
Pass	1,140,017		233		1,140,250		560		1,140,810
Special Mention	2,703		1,159		3,862		—		3,862
Substandard	1,950		—		1,950		—		1,950
Total	1,144,670		1,392		1,146,062		560		1,146,622
Total multifamily	1,218,996		1,537		1,220,533		560		1,221,093
Home equity and lines of credit
Pass	57,707		365		58,072		—		58,072
Special Mention	78		—		78		—		78
Substandard	223		126		349		97		446
Total home equity and lines of credit	58,008		491		58,499		97		58,596
Commercial and industrial loans
Pass	15,851		50		15,901		15		15,916
Special Mention	374		—		374		—		374
Substandard	453		—		453		—		453
Total commercial and industrial loans	16,678		50		16,728		15		16,743



	June 30, 2015
	Performing (Accruing) Loans
	0-29 Days Past Due		30-89 Days Past Due		Total		Non-Performing Loans		Total Loans Receivable, net
Other loans
Pass	1,891		56		1,947				1,947
Total other loans	1,891		56		1,947		—		1,947
Total originated loans held-for-investment	$	1,759,336	$	14,536	$	1,773,872	$	13,491	$	1,787,363
Acquired loans:
One-to-four family residential
LTV < 60%
Pass	341,739		52		341,791		—		341,791
Special Mention	575		—		575		—		575
Substandard	731		64		795		923		1,718
Total	343,045		116		343,161		923		344,084
LTV => 60%
Pass	5,287		—		5,287		—		5,287
Substandard	290		—		290		—		290
Total	5,577		—		5,577		—		5,577
Total one-to-four family residential	348,622		116		348,738		923		349,661
Commercial
LTV < 35%
Pass	2,185		—		2,185		—		2,185
Special Mention	—		518		518		—		518
Substandard	—		224		224		—		224
Total	2,185		742		2,927		—		2,927
LTV => 35%
Pass	5,724		—		5,724		—		5,724
Special Mention	899		—		899		—		899
Substandard	1,851		—		1,851		—		1,851
Total	8,474		—		8,474		—		8,474
Total commercial	10,659		742		11,401		—		11,401
Multifamily
LTV < 35%
Pass	4,778		—		4,778		—		4,778
Special Mention	151		—		151		—		151
Total	4,929		—		4,929		—		4,929
LTV => 35%
Pass	12,168		—		12,168		—		12,168
Special Mention	334		—		334		—		334
Total	12,502		—		12,502		—		12,502
Total multifamily	17,431		—		17,431		—		17,431
Total loans acquired	376,712		858		377,570		923		378,493
	$	2,136,048	$	15,394	$	2,151,442	$	14,414	$	2,165,856



	December 31, 2014
	Performing (Accruing) Loans
	0-29 Days Past Due		30-89 Days Past Due		Total		Non-Performing Loans	Total Loans Receivable, net
Loans held-for-investment:
Real estate loans:
Commercial
LTV < 35%
Pass	$	47,534	$	—	$	47,534	—	$	47,534
Special Mention	2,436		—		2,436		—	2,436
Total	49,970		—		49,970		—	49,970
LTV => 35%
Pass	288,915		878		289,793		—	289,793
Special Mention	9,792		—		9,792		—	9,792
Substandard	25,073		5,093		30,166		11,164	41,330
Total	323,780		5,971		329,751		11,164	340,915
Total commercial	373,750		5,971		379,721		11,164	390,885
One-to-four family residential
LTV < 60%
Pass	29,288		341		29,629		—	29,629
Special Mention	1,143		—		1,143		—	1,143
Substandard	867		286		1,153		1,150	2,303
Total	31,298		627		31,925		1,150	33,075
LTV => 60%
Pass	38,062		2,465		40,527		—	40,527
Substandard	—		360		360		1,028	1,388
Total	38,062		2,825		40,887		1,028	41,915
Total one-to-four family residential	69,360		3,452		72,812		2,178	74,990
Construction and land
Pass	21,445		—		21,445		—	21,445
Total construction and land	21,445		—		21,445		—	21,445
Multifamily
LTV < 35%
Pass	64,692		—		64,692		—	64,692
Special Mention	283		—		283		—	283
Substandard	801		—		801		—	801
Total	65,776		—		65,776		—	65,776
LTV => 35%
Pass	999,469		239		999,708		—	999,708
Special Mention	3,822		520		4,342		—	4,342
Substandard	4,382		331		4,713		—	4,713
Total	1,007,673		1,090		1,008,763		—	1,008,763
Total multifamily	1,073,449		1,090		1,074,539		—	1,074,539
Home equity and lines of credit
Pass	54,800		135		54,935		—	54,935
Special Mention	360		—		360		—	360
Substandard	93		—		93		98	191
Total home equity and lines of credit	55,253		135		55,388		98	55,486
Commercial and industrial loans
Pass	11,331		90		11,421		—	11,421
Special Mention	652		—		652		—	652
Substandard	479		32		511		408	919
Total commercial and industrial loans	12,462		122		12,584		408	12,992



	December 31, 2014
	Performing (Accruing) Loans
	0-29 Days Past Due		30-89 Days Past Due		Total		Non-Performing Loans		Total Loans Receivable, net

Other loans
Pass	2,097		60		2,157		—		2,157
Total other loans	2,097		60		2,157		—		2,157
Total originated loans held-for-investment	$	1,607,816	$	10,830	$	1,618,646	$	13,848	$	1,632,494
Loans Acquired
Real estate loans:
One-to-four family residential
LTV < 60%
Pass	225,741		526		226,267		422		226,689
Special Mention	597		—		597		—		597
Substandard	424		—		424		313		737
Total	226,762		526		227,288		735		228,023
LTV => 60%
Pass	5,787		375		6,162		—		6,162
Substandard	294		—		294		—		294
Total	6,081		375		6,456		—		6,456
Total one-to-four family residential	232,843		901		233,744		735		234,479
Commercial
LTV < 35%
Pass	2,477		—		2,477		—		2,477
Special Mention	187		521		708		—		708
Total	2,664		521		3,185		—		3,185
LTV => 35%
Pass	5,817		—		5,817		—		5,817
Special Mention	2,997		—		2,997		—		2,997
Total	8,814		—		8,814		—		8,814
Total commercial	11,478		521		11,999		—		11,999
Construction and land
Substandard	363		—		363		—		363
Total construction and land	363		—		363		—		363
Multifamily
LTV < 35%
Pass	4,857		—		4,857		—		4,857
Special Mention	164		—		164		—		164
Total	5,021		—		5,021		—		5,021
LTV => 35%
Pass	13,457		—		13,457		—		13,457
Special Mention	366		—		366		—		366
Total	13,823		—		13,823		—		13,823
Total multifamily	18,844		—		18,844		—		18,844
Total loans acquired	263,528		1,422		264,950		735		265,685
	$	1,871,344	$	12,252	$	1,883,596	$	14,583	$	1,898,179

Summary of Impaired Loans



	Three Months Ended								Six Months Ended
	June 30, 2015				June 30, 2014				June 30, 2015				June 30, 2014
	Average Recorded Investment		Interest Income		Average Recorded Investment		Interest Income		Average Recorded Investment		Interest Income		Average Recorded Investment		Interest Income
With No Allowance Recorded:
Real estate loans:
Commercial
LTV < 35%
Pass	$	—	$	—	$	—	$	—	$	—	$	—	$	1,135	$	—
LTV => 35%
Pass	2,452		24		3,370		38		2,738		48		8,809		75
Special Mention	273		156		—		—		182		—		—		—
Substandard	11,766		—		12,285		111		12,137		264		8,190		238
Construction and land
Substandard	—		—		—		—		—		—		36		—
One-to-four family residential
LTV < 60%
Pass	193		5		—		—		150		9		—		1
Special Mention	69		—		141		2		92		—		263		3
Substandard	153		1		267		3		189		1		267		7
LTV => 60%
Substandard	78		—		—		—		52		—		—		—
Multifamily
LTV => 35%
Pass	82		4		46		4		83		9		31		9
Substandard	466		6		1,010		6		470		10		871		12
Home equity and lines of credit
Special Mention	48		1		—		—		48		1		—		—
Substandard	—		—		500		—		—		—		333		—
Commercial and industrial loans
Special Mention	15		—		121		—		99		1		151		1
Substandard	95		—		703		8		96		—		753		18
With a Related Allowance Recorded:
Real estate loans:
Commercial
LTV => 35%
Pass	839		23		—		—		559		45		—		—
Special Mention	—		—		306		—		—		—		967		—
Substandard	11,693		197		14,991		133		12,139		214		12,264		211
One-to-four family residential
LTV < 60%
Pass	221		3		—		—		147		5		—		—
Special Mention	158		—		327		2		212		—		218		4
Substandard	881		3		—		1		870		7		—		2
LTV => 60%
Substandard	472		48		—		2		413		50		113		3
Multifamily
LTV => 35%
Substandard	1,406		13		1,461		14		1,413		26		1,467		27



	Three Months Ended								Six Months Ended
	June 30, 2015				June 30, 2014				June 30, 2015				June 30, 2014
	Average Recorded Investment		Interest Income		Average Recorded Investment		Interest Income		Average Recorded Investment		Interest Income		Average Recorded Investment		Interest Income
Home equity and lines of credit
Pass	137		2		—		—		91		4		—		—
Special Mention	138		—		337		2		185		—		338		4
Substandard	22		1		—		—		14		1		333		—
Commercial and industrial loans
Special Mention	—		—		—		—		21		—		—		—
Substandard	16		—		408		—		136		—		419		2
Total:
Real estate loans
Commercial	27,023		400		30,952		282		27,755		571		31,365		524
One-to-four family residential	2,225		60		735		10		2,125		72		861		20
Construction and land	—		—		—		—		—		—		36		—
Multifamily	1,954		23		2,517		24		1,966		45		2,369		48
Home equity and lines of credit	345		4		837		2		338		6		1,004		4
Commercial and industrial loans	126		—		1,232		8		352		1		1,323		21
	$	31,673	$	487	$	36,273	$	326	$	32,536	$	695	$	36,958	$	617

The following table summarizes originated and acquired impaired loans as of June 30, 2015, and December 31, 2014 (in thousands).



	June 30, 2015							December 31, 2014
	Recorded Investment		Unpaid Principal Balance		Related Allowance			Recorded Investment		Unpaid Principal Balance		Related Allowance
With No Allowance Recorded:
Real estate loans:
Commercial
LTV < 35%
Substandard	$	—	$	139	$	—		$	—	$	—	$	—
LTV => 35%
Pass	2,443		2,580		—			3,311		3,448		—
Special Mention	—		—		—			—		—		—
Substandard	12,920		14,026		—			12,880		14,339		—
One-to-four family residential
LTV < 60%
Pass	365		365		—			66		66		—
Special Mention	—		—		—			138		138		—
Substandard	47		47		—			262		262		—
LTV => 60%
Substandard	155		168		—			—		—		—
Multifamily
LTV => 35%
Pass	80		551		—			86		557
Substandard	461		461		—			477		477		—
Home equity and lines of credit
Special Mention	47		47		—			49		49		—
Commercial and industrial loans
Special Mention	30		30		—			267		268		—
Substandard	94		94		—			99		99		—
With a Related Allowance Recorded:
Real estate loans:
Commercial
LTV => 35%
Pass	1,678		1,678		(20		)	—		—		—
Substandard	10,957		11,769		(1,218		)	13,033		14,365		(2,361		)
One-to-four family residential
LTV < 60%
Pass	376		376		(7		)	—		—		—
Special Mention	—		—		—			319		319		(4		)
Substandard	877		877		(99		)	848		848		(95		)
LTV => 60%
Substandard	653		692		(55		)	294		294		(20		)
Multifamily
LTV => 35%
Substandard	1,399		1,399		(186		)	1,427		1,427		(215		)
Home equity and lines of credit
Pass	273		273		(11		)	—		—		—
Special Mention	—		—		—			278		278		(13		)
Substandard	43		43		(19		)	—		—		—
Commercial and industrial loans
Special Mention	—		—		—			32		32		(1		)
Substandard	—		—		—			408		530		(108		)
Total:
Real estate loans
Commercial	27,998		30,192		(1,238		)	29,224		32,152		(2,361		)
One-to-four family residential	2,473		2,525		(161		)	1,927		1,927		(119		)
Construction and land
Multifamily	1,940		2,411		(186		)	1,990		2,461		(215		)
Home equity and lines of credit	363		363		(30		)	327		327		(13		)
Commercial and industrial loans	124		124		—			806		929		(109		)
	$	32,898	$	35,615	$	(1,615	)	$	34,274	$	37,796	$	(2,817	)

Summary of Troubled Debt Restructuring

The following tables summarize loans that were modified as troubled debt restructurings ("TDRs") during the three and six months ended June 30, 2015. There were no loans modified as TDRs during the three and six months ended June 30, 2014.



	Three Months Ended			Six Months Ended
	June 30, 2015
	Number of Relationships	Pre-Modification Outstanding Recorded Investment	Post-Modification Outstanding Recorded Investement	Number of Relationships	Pre-Modification Outstanding Recorded Investment	Post-Modification Outstanding Recorded Investement
		(in thousands)			(in thousands)
TDRs
Commercial real estate loans
Substandard	2	$2,203	$2,203	3	$8,457	$8,457
One-to-four family residential
Pass	—	—	—	1	20	20
Substandard	2	518	518	3	561	561
Home Equity	1	43	43	1	43	43
Total TDRs	5	$2,764	$2,764	8	$9,081	$9,081