v3.21.2

LOANS | 9 Months Ended
--- | ---
Sep. 30, 2021
LOANS |
LOANS | NOTE 4: LOANS The following is a summary of our loans as of: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, | ​ | December 31,
(dollars in thousands) |  | 2021 |  | 2020
Outstanding principal balance: | ​ |  | ​ | ​ |  | ​
Loans secured by real estate: |  | ​ |  |  | ​ |
Residential properties: |  | ​ |  |  | ​ |
Multifamily | ​ | $ | 2,518,151 | ​ | $ | 2,247,542
Single family | ​ |  | 818,968 | ​ |  | 806,014
Total real estate loans secured by residential properties | ​ |  | 3,337,119 | ​ |  | 3,053,556
Commercial properties | ​ |  | 669,912 | ​ |  | 747,807
Land and construction | ​ |  | 63,706 | ​ |  | 55,832
Total real estate loans | ​ |  | 4,070,737 | ​ |  | 3,857,195
Commercial and industrial loans | ​ |  | 1,217,078 | ​ |  | 918,676
Consumer loans | ​ |  | 9,468 | ​ |  | 18,888
Total loans | ​ |  | 5,297,283 | ​ |  | 4,794,759
Premiums, discounts and deferred fees and expenses | ​ |  | 11,676 | ​ |  | 9,040
Total | ​ | $ | 5,308,959 | ​ | $ | 4,803,799
​ The following table summarizes our delinquent and nonaccrual loans as of: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Past Due and Still Accruing | ​ | ​ | ​ | ​ | Total Past | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 90 Days | ​ | ​ | ​ | ​ | Due and | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | 30–59 Days |  | 60-89 Days |  | or More |  | Nonaccrual |  | Nonaccrual |  | Current |  | Total
September 30, 2021: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Real estate loans: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Residential properties | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | 10,652 | ​ | $ | 10,652 | ​ | $ | 3,338,547 | ​ | $ | 3,349,199
Commercial properties | ​ |  | 2,947 | ​ |  | — | ​ |  | — | ​ |  | 1,573 | ​ |  | 4,520 | ​ |  | 665,806 | ​ |  | 670,326
Land and construction | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 63,701 | ​ |  | 63,701
Commercial and industrial loans | ​ |  | 79 | ​ |  | 122 | ​ |  | — | ​ |  | 6,481 | ​ |  | 6,682 | ​ |  | 1,209,559 | ​ |  | 1,216,241
Consumer loans | ​ |  | 1,142 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 1,142 | ​ |  | 8,350 | ​ |  | 9,492
Total | ​ | $ | 4,168 | ​ | $ | 122 | ​ | $ | — | ​ | $ | 18,706 | ​ | $ | 22,996 | ​ | $ | 5,285,963 | ​ | $ | 5,308,959
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Percentage of total loans | ​ |  | 0.08 | % |  | 0.00 | % |  | — | % |  | 0.35 | % |  | 0.43 | % |  |  | ​ |  |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2020: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Real estate loans: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Residential properties | ​ | $ | 35 | ​ | $ | — | ​ | $ | — | ​ | $ | 10,947 | ​ | $ | 10,982 | ​ | $ | 3,042,574 | ​ | $ | 3,053,556
Commercial properties | ​ |  | 951 | ​ |  | 240 | ​ |  | — | ​ |  | 4,544 | ​ |  | 5,735 | ​ |  | 742,072 | ​ |  | 747,807
Land and construction | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 55,832 | ​ |  | 55,832
Commercial and industrial loans | ​ |  | 1,013 | ​ |  | 411 | ​ |  | 152 | ​ |  | 5,137 | ​ |  | 6,713 | ​ |  | 911,963 | ​ |  | 918,676
Consumer loans | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 18,888 | ​ |  | 18,888
Total | ​ | $ | 1,999 | ​ | $ | 651 | ​ | $ | 152 | ​ | $ | 20,628 | ​ | $ | 23,430 | ​ | $ | 4,771,329 | ​ | $ | 4,794,759
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Percentage of total loans | ​ |  | 0.04 | % |  | 0.01 | % |  | 0.00 | % |  | 0.43 | % |  | 0.49 | % |  |  | ​ |  |
​ The following table summarizes our nonaccrual loans as of: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nonaccrual | ​ | Nonaccrual
​ | ​ | with Allowance | ​ | with no Allowance
(dollars in thousands) |  | for Credit Losses |  | for Credit Losses
September 30, 2021: | ​ |  | ​ | ​ |  |
Real estate loans: | ​ | ​ | ​ | ​ | ​ | ​
Residential properties | ​ | $ | 2,943 | ​ | $ | 7,709
Commercial properties | ​ | ​ | — | ​ | ​ | 1,573
Commercial and industrial loans | ​ |  | 1,845 | ​ |  | 4,636
Total | ​ | $ | 4,788 | ​ | $ | 13,918
​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2020: | ​ |  | ​ | ​ |  |
Real estate loans: | ​ | ​ | ​ | ​ | ​ | ​
Residential properties | ​ | $ | 2,987 | ​ | $ | 7,959
Commercial properties | ​ | ​ | — | ​ | ​ | 4,544
Commercial and industrial loans | ​ |  | 2,581 | ​ |  | 2,557
Total | ​ | $ | 5,568 | ​ | $ | 15,060
​ The following table presents the loans classified as troubled debt restructurings (“TDR”) by accrual and nonaccrual status as of:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021 | ​ | December 31, 2020
(dollars in thousands) | ​ | Accrual | ​ | Nonaccrual | ​ | Total | ​ | Accrual | ​ | Nonaccrual | ​ | Total
Residential loans |  | $ | 1,200 |  | $ | — |  | $ | 1,200 |  | $ | 1,200 |  | $ | — |  | $ | 1,200
Commercial real estate loans | ​ |  | 1,043 | ​ |  | 1,201 | ​ |  | 2,244 | ​ |  | 1,107 | ​ |  | 1,277 | ​ |  | 2,384
Commercial and industrial loans | ​ |  | 863 | ​ |  | 2,100 | ​ |  | 2,963 | ​ |  | 1,041 | ​ |  | 2,832 | ​ |  | 3,873
Total | ​ | $ | 3,106 | ​ | $ | 3,301 | ​ | $ | 6,407 | ​ | $ | 3,348 | ​ | $ | 4,109 | ​ | $ | 7,457
​ The following table provides information on loans that were modified as TDRs for the following periods:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Outstanding Recorded Investment | ​ | ​ | ​
(dollars in thousands) | ​ | Number of loans | ​ | Pre-Modification | ​ | Post-Modification | ​ | Financial Impact
Nine Months Ended September 30, 2021: |  |  |  | ​ |  |  | ​ |  |  | ​ |
Commercial and industrial loans |  | 1 | ​ | $ | 346 | ​ | $ | 346 | ​ | $ | —
Total |  | 1 | ​ | $ | 346 | ​ | $ | 346 | ​ | $ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Outstanding Recorded Investment | ​ | ​ | ​
(dollars in thousands) | ​ | Number of loans | ​ | Pre-Modification | ​ | Post-Modification | ​ | Financial Impact
Year Ended December 31, 2020 |  |  | ​ |  |  | ​ |  |  | ​ |  |
Commercial and industrial loans |  | 1 | ​ | $ | 507 | ​ | $ | 507 | ​ |  | —
Total |  | 1 | ​ | $ | 507 | ​ | $ | 507 | ​ | $ | —
​ All of these loans were classified as a TDR as a result of a reduction in required principal payments and an extension of the maturity date of the loans. These loans have been paying in accordance with the terms of their restructure.

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- Definition The entire disclosure for claims held for amounts due a company, excluding disclosure for allowance for credit losses. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Also excludes disclosure for financing receivables. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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