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Loans Receivable Held for Sale | 12 Months Ended
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Dec. 31, 2017
Loans Receivable Held for Sale |
Loans Receivable Held for Sale |
Loans Receivable Held for Sale | Note 3 – Loans Receivable Held for Sale Loans receivable held for sale at December 31, 2017 totaled $22.4 million and consisted of multi-family loans. As part of the Bank's loan concentration risk management program, $9.3 million of multi-family loans were transferred from the held-for-investment portfolio to the held-for-sale portfolio during the year ended December 31, 2017. The Bank also allocated $110.4 million, or 96%, of its total loan originations as held-for-sale and completed sales of $96.9 million of multi-family loans during the year ended December 31, 2017 for a total gain of $560 thousand. Loan repayments totaled $411 thousand during the year 2017. There were no loans held for sale at December 31, 2016.

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