Aging Loans Held for Investment by Portfolio Segment and Class |
The following tables summarize the aging of loans held for investment by portfolio segment and class of loans (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | | 30-59 Days | | 60-89 Days | | Non-accrual | | Recorded Investment > 90 days accruing | | Total Past Due | | Current | | Total Loans Receivable | | Non-accrual loans with no related allowance | Mortgage loans: | | | | | | | | | | | | | | | | | Commercial | | $ | 129 | | | 347 | | | 42,828 | | | — | | | 43,304 | | | 7,270,600 | | | 7,313,904 | | | 36,003 | | Multi-family | | — | | | 431 | | | 6,143 | | | — | | | 6,574 | | | 3,510,935 | | | 3,517,509 | | | 6,143 | | Construction | | — | | | — | | | 18,901 | | | — | | | 18,901 | | | 733,013 | | | 751,914 | | | 18,901 | | Residential | | 5,541 | | | 3,816 | | | 7,209 | | | — | | | 16,566 | | | 1,968,789 | | | 1,985,355 | | | 7,209 | | Total mortgage loans | | 5,670 | | | 4,594 | | | 75,081 | | | — | | | 85,345 | | | 13,483,337 | | | 13,568,682 | | | 68,256 | | Commercial loans | | 997 | | | 4,389 | | | 30,531 | | | — | | | 35,917 | | | 4,893,105 | | | 4,929,022 | | | 18,260 | | Consumer loans | | 1,592 | | | 699 | | | 1,547 | | | — | | | 3,838 | | | 613,352 | | | 617,190 | | | 1,547 | | Total gross loans | | $ | 8,259 | | | 9,682 | | | 107,159 | | | — | | | 125,100 | | | 18,989,794 | | | 19,114,894 | | | 88,063 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | 30-59 Days | | 60-89 Days | | Non-accrual | | Recorded Investment > 90 days accruing | | Total Past Due | | Current | | Total Loans Receivable | | Non-accrual loans with no related allowance | Mortgage loans: | | | | | | | | | | | | | | | | | Commercial | | $ | 8,538 | | | 3,954 | | | 20,883 | | | — | | | 33,375 | | | 7,194,703 | | | 7,228,078 | | | 13,575 | | Multi-family | | — | | | — | | | 7,498 | | | — | | | 7,498 | | | 3,375,435 | | | 3,382,933 | | | 7,498 | | Construction | | — | | | — | | | 13,246 | | | — | | | 13,246 | | | 810,257 | | | 823,503 | | | 13,246 | | Residential | | 6,388 | | | 5,049 | | | 4,535 | | | — | | | 15,972 | | | 1,994,665 | | | 2,010,637 | | | 4,535 | | Total mortgage loans | | 14,926 | | | 9,003 | | | 46,162 | | | — | | | 70,091 | | | 13,375,060 | | | 13,445,151 | | | 38,854 | | Commercial loans | | 3,026 | | | 1,117 | | | 24,243 | | | — | | | 30,868 | | | 4,577,732 | | | 4,608,600 | | | 15,164 | | Consumer loans | | 3,152 | | | 856 | | | 1,656 | | | — | | | 5,664 | | | 608,155 | | | 613,819 | | | 1,656 | | Total gross loans | | $ | 21,104 | | | 10,976 | | | 72,061 | | | — | | | 106,623 | | | 18,560,947 | | | 18,667,570 | | | 55,674 | |
|
Loan Modifications |
The following table summarizes the Company's gross charge-offs recorded during the three months ended June 30, 2025 by year of origination (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior to 2021 | | Total Loans | | | | | | | | | | | | | | | | Mortgage loans: | | | | | | | | | | | | | | | Commercial | | $ | — | | | — | | | — | | | — | | | — | | | 977 | | | 977 | | Multi-family | | — | | | — | | | — | | | — | | | — | | | 67 | | | 67 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total mortgage loans | | — | | | — | | | — | | | — | | | — | | | 1,044 | | | 1,044 | | Commercial loans | | — | | | — | | | 39 | | | 231 | | | 60 | | | — | | | 330 | | Consumer loans (1) | | 6 | | | 3 | | | — | | | — | | | — | | | 10 | | | 19 | | Total gross loans | | $ | 6 | | | 3 | | | 39 | | | 231 | | | 60 | | | 1,054 | | | 1,393 | |
(1) During the three months ended June 30, 2025, charge-offs on consumer overdraft accounts totaled $85,000, which are not included in the table above. The following table summarizes the Company's gross charge-offs recorded during the six months ended June 30, 2025 by year of origination (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior to 2021 | | Total Loans | | | | | | | | | | | | | | | | Mortgage loans: | | | | | | | | | | | | | | | Commercial | | $ | — | | | — | | | — | | | 358 | | | — | | | 1,508 | | | 1,866 | | Multi-family | | — | | | — | | | — | | | — | | | — | | | 67 | | | 67 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total mortgage loans | | — | | | — | | | — | | | 358 | | | — | | | 1,575 | | | 1,933 | | Commercial loans | | — | | | — | | | 39 | | | 2,362 | | | 125 | | | — | | | 2,526 | | Consumer loans (1) | | 18 | | | 13 | | | 12 | | | 3 | | | — | | | 37 | | | 83 | | Total gross loans | | $ | 18 | | | 13 | | | 51 | | | 2,723 | | | 126 | | | 1,611 | | | 4,542 | |
(1) During the six months ended June 30, 2025, charge-offs on consumer overdraft accounts totaled $199,000, which are not included in the table above. The following table summarizes the Company's gross charge-offs recorded during the three months ended June 30, 2024 by year of origination (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior to 2020 | | Total Loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial loans | | $ | — | | | — | | | 157 | | | 2,046 | | | — | | | 18 | | | 2,222 | | Consumer loans (1) | | 7 | | | — | | | — | | | — | | | — | | | — | | | 7 | | Total gross loans | | $ | 7 | | | — | | | 157 | | | 2,046 | | | — | | | 17 | | | 2,229 | |
(1) During the three months ended June 30, 2024, charge-offs on consumer overdraft accounts totaled $74,000, which are not included in the table above. The following table summarizes the Company's gross charge-offs recorded during the six months ended June 30, 2024 by year of origination (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior to 2020 | | Total Loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial loans | | $ | — | | | — | | | 158 | | | 2,047 | | | 1,606 | | | 206 | | | 4,017 | | Consumer loans (1) | | 13 | | | — | | | — | | | — | | | — | | | 1 | | | 14 | | Total gross loans | | $ | 13 | | | — | | | 158 | | | 2,047 | | | 1,606 | | | 207 | | | 4,031 | |
(1) During the six months ended June 30, 2024, charge-offs on consumer overdraft accounts totaled $138,000, which are not included in the table above. The following illustrates the most common loan modifications by loan classes offered by the Company that are required to be disclosed pursuant to the requirements of ASU 2022-02: | | | | | | | | | Loan Classes | | Modification types | Commercial | | Term extension, interest rate reductions, payment delay, or combination thereof. These modifications extend the term of the loan, lower the payment amount, or otherwise delay payments during a defined period for the purpose of providing borrowers additional time to return to compliance with the original loan term. | | | | Residential Mortgage/ Home Equity | | Forbearance period greater than six months. These modifications require reduced or no payments during the forbearance period for the purpose of providing borrowers additional time to return to compliance with the original loan term as well as term extension and rate adjustment. These modifications extend the term of the loan and provides for an adjustment to the interest rate, which reduces the monthly payment requirement. | | | | Direct Installment | | Term extension greater than three months. These modifications extend the term of the loan, which reduces the monthly payment requirement. | | | |
The following tables present the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty during the three and six months ended June 30, 2025 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended June 30, 2025 | | | Term Extension | | Interest Rate Reduction | | Interest Rate Reduction and Term Extension | | % of Total Class of Loans | | | | | | | | | | Mortgage loans: | | | | | | | | | Commercial | | $ | — | | | — | | 10,918 | | | 0.15 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total mortgage loans | | — | | | — | | 10,918 | | | 0.08 | % | Commercial loans | | 158 | | | — | | — | | | 0.003 | % | | | | | | | | | | Total gross loans | | $ | 158 | | | — | | 10,918 | | | 0.06 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the six months ended June 30, 2025 | | | Term Extension | | Interest Rate Reduction | | Interest Rate Reduction and Term Extension | | % of Total Class of Loans | | | | | | | | | | Mortgage loans: | | | | | | | | | Commercial | | $ | 2,984 | | | — | | 11,945 | | | 0.20 | % | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total mortgage loans | | 2,984 | | | — | | 11,945 | | | 0.11 | % | Commercial loans | | 1,302 | | | — | | 603 | | | 0.04 | % | | | | | | | | | | Total gross loans | | $ | 4,286 | | | — | | 12,548 | | | 0.09 | % |
The following tables present the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty during the three and six months ended June 30, 2024 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended June 30, 2024 | | | Term Extension | | Interest Rate Reduction | | Interest Rate Reduction and Term Extension | | % of Total Class of Loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial loans | | $ | — | | | — | | 1,609 | | | 0.03 | % | | | | | | | | | | Total gross loans | | $ | — | | | — | | 1,609 | | | 0.01 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the six months ended June 30, 2024 | | | Term Extension | | Interest Rate Reduction | | Interest Rate Reduction and Term Extension | | % of Total Class of Loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial loans | | $ | — | | | — | | 8,796 | | | 0.19 | % | | | | | | | | | | Total gross loans | | $ | — | | | — | | 8,796 | | | 0.05 | % |
The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty during the three months ended June 30, 2025 (in thousands): | | | | | | | | | | | | | | | | | Weighted Average Months of Term Extension | | Weighted Average Rate Change | Mortgage loans: | | | | | Commercial | | 33 | | 0.13 | % | | | | | | | | | | | | | | | | Total mortgage loans | | 33 | | 0.13 | % | Commercial loans | | 20 | | — | % | | | | | | Total gross loans | | 23 | | 0.08 | % |
The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty during the six months ended June 30, 2025 (in thousands): | | | | | | | | | | | | | | | | | Weighted Average Months of Term Extension | | Weighted Average Rate Change | Mortgage loans: | | | | | Commercial | | 18 | | 0.44 | % | | | | | | | | | | | | | | | | Total mortgage loans | | 18 | | 0.44 | % | Commercial loans | | 12 | | (0.20) | % | | | | | | Total gross loans | | 15 | | 0.08 | % |
The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty during the three months ended June 30, 2024 (in thousands): | | | | | | | | | | | | | | | | | Weighted Average Months of Term Extension | | Weighted Average Rate Change | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial loans | | 3 | | 1.25 | % | | | | | | Total gross loans | | 3 | | 1.25 | % |
The following table presents the financial effect of loan modifications made to borrowers experiencing financial difficulty during the six months ended June 30, 2024 (in thousands): | | | | | | | | | | | | | | | | | Weighted Average Months of Term Extension | | Weighted Average Rate Change | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial loans | | 1 | | 1.63 | % | | | | | | Total gross loans | | 1 | | 1.63 | % |
The following table presents the aging analysis of loan modifications made to borrowers experiencing financial difficulty during the twelve months ended June 30, 2025 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current | | 30-59 Days Past Due | | 60-89 Days Past Due | | 90 days or more Past Due | | Non- Accrual | | Total | | | | | | | | | | | | | | Mortgage loans: | | | | | | | | | | | | | Commercial | | $ | 20,445 | | | — | | | — | | | — | | | — | | | 20,445 | | Multi-family | | 736 | | | — | | | — | | | — | | | 85 | | | 821 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total mortgage loans | | 21,182 | | | — | | | — | | | — | | | 85 | | | 21,267 | | Commercial loans | | 2,058 | | | — | | | — | | | — | | | 158 | | | 2,216 | | | | | | | | | | | | | | | Total gross loans | | $ | 23,240 | | | — | | | — | | | — | | | 243 | | | 23,483 | |
The following table presents the aging analysis of loan modifications made to borrowers experiencing financial difficulty during the twelve months ended June 30, 2024 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current | | 30-59 Days Past Due | | 60-89 Days Past Due | | 90 days or more Past Due | | Non- Accrual | | Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial loans | | $ | 8,796 | | | — | | | — | | | — | | | — | | | $ | 8,796 | | | | | | | | | | | | | | | Total gross loans | | $ | 8,796 | | | — | | | — | | | — | | | — | | | $ | 8,796 | |
|
Loans Receivable by Credit Quality Risk Rating Indicator |
The following table summarizes the Company's gross loans held for investment by year of origination and internally assigned credit grades as of June 30, 2025 and December 31, 2024 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross Loans Held for Investment by Year of Origination as of June 30, 2025 | | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior to 2021 | | Revolving Loans | | Revolving loans to term loans | | Total Loans | Commercial Mortgage | | | | | | | | | | | | | | | | | | | Special mention | | $ | 6,013 | | | — | | | 3,647 | | | 20,532 | | | 50,197 | | | 33,308 | | | 138 | | | — | | | 113,835 | | Substandard | | 7,890 | | | — | | | 67 | | | 7,710 | | | 11,573 | | | 77,765 | | | 4,322 | | | — | | | 109,327 | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total criticized and classified | | 13,903 | | | — | | | 3,714 | | | 28,242 | | | 61,770 | | | 111,073 | | | 4,460 | | | — | | | 223,162 | | Pass/Watch | | 317,137 | | | 336,705 | | | 916,376 | | | 1,554,791 | | | 932,579 | | | 2,838,927 | | | 184,253 | | | 9,974 | | | 7,090,742 | | | | | Total Commercial Mortgage | | $ | 331,040 | | | 336,705 | | | 920,090 | | | 1,583,033 | | | 994,349 | | | 2,950,000 | | | 188,713 | | | 9,974 | | | 7,313,904 | | | | | | | | | | | | | | | | | | | | | Multi-family | | | | | | | | | | | | | | | | | | | Special mention | | $ | — | | | — | | | — | | | — | | | — | | | 7,696 | | | — | | | — | | | 7,696 | | Substandard | | — | | | — | | | 1,501 | | | 505 | | | 1,043 | | | 6,323 | | | — | | | — | | | 9,372 | | Doubtful | | — | | | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total criticized and classified | | — | | | — | | | 1,501 | | | 505 | | | 1,043 | | | 14,019 | | | — | | | — | | | 17,068 | | Pass/Watch | | 253,106 | | | 327,192 | | | 477,281 | | | 722,878 | | | 377,553 | | | 1,326,242 | | | 14,652 | | | 1,537 | | | 3,500,441 | | Total Multi-Family | | $ | 253,106 | | | 327,192 | | | 478,782 | | | 723,383 | | | 378,596 | | | 1,340,261 | | | 14,652 | | | 1,537 | | | 3,517,509 | | | | | | | | | | | | | | | | | | | | | Construction | | | | | | | | | | | | | | | | | | | Special mention | | $ | — | | | — | | | — | | | 6,639 | | | — | | | — | | | — | | | — | | | 6,639 | | Substandard | | — | | | — | | | 12,078 | | | — | | | 6,824 | | | — | | | — | | | — | | | 18,902 | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total criticized and classified | | — | | | — | | | 12,078 | | | 6,639 | | | 6,824 | | | — | | | — | | | — | | | 25,541 | | Pass/Watch | | 22,509 | | | 178,694 | | | 274,248 | | | 172,143 | | | 77,077 | | | 1,702 | | | — | | | — | | | 726,373 | | Total Construction | | $ | 22,509 | | | 178,694 | | | 286,326 | | | 178,782 | | | 83,901 | | | 1,702 | | | — | | | — | | | 751,914 | | | | | | | | | | | | | | | | | | | | | Residential (1) | | | | | | | | | | | | | | | | | | | Special mention | | $ | — | | | — | | | 1,847 | | | 547 | | | — | | | 1,423 | | | — | | | — | | | 3,817 | | Substandard | | — | | | 553 | | | 2,496 | | | 1,148 | | | 1,100 | | | 1,912 | | | — | | | — | | | 7,209 | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total criticized and classified | | — | | | 553 | | | 4,343 | | | 1,695 | | | 1,100 | | | 3,335 | | | — | | | — | | | 11,026 | | Pass/Watch | | 58,265 | | | 131,691 | | | 336,883 | | | 412,451 | | | 323,596 | | | 711,443 | | | — | | | — | | | 1,974,329 | | Total Residential | | $ | 58,265 | | | 132,244 | | | 341,226 | | | 414,146 | | | 324,696 | | | 714,778 | | | — | | | — | | | 1,985,355 | | | | | | | | | | | | | | | | | | | | | Total Mortgage | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross Loans Held for Investment by Year of Origination as of June 30, 2025 | | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior to 2021 | | Revolving Loans | | Revolving loans to term loans | | Total Loans | Special mention | | $ | 6,013 | | | — | | | 5,494 | | | 27,718 | | | 50,197 | | | 42,427 | | | 138 | | | — | | | 131,987 | | Substandard | | 7,890 | | | 553 | | | 16,142 | | | 9,363 | | | 20,540 | | | 86,000 | | | 4,322 | | | — | | | 144,810 | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total criticized and classified | | 13,903 | | | 553 | | | 21,636 | | | 37,081 | | | 70,737 | | | 128,427 | | | 4,460 | | | — | | | 276,797 | | Pass/Watch | | 651,017 | | | 974,282 | | | 2,004,788 | | | 2,862,263 | | | 1,710,805 | | | 4,878,314 | | | 198,905 | | | 11,511 | | | 13,291,885 | | Total Mortgage | | $ | 664,920 | | | 974,835 | | | 2,026,424 | | | 2,899,344 | | | 1,781,542 | | | 5,006,741 | | | 203,365 | | | 11,511 | | | 13,568,682 | | | | | | | | | | | | | | | | | | | | | Commercial | | | | | | | | | | | | | | | | | | | Special mention | | $ | 179 | | | 542 | | | 11,429 | | | 4,785 | | | 9,987 | | | 55,071 | | | 25,448 | | | 1,087 | | | 108,528 | | Substandard | | — | | | 162 | | | 4,767 | | | 70,791 | | | 27,623 | | | 44,767 | | | 29,547 | | | 2,851 | | | 180,508 | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total criticized and classified | | 179 | | | 704 | | | 16,196 | | | 75,576 | | | 37,610 | | | 99,838 | | | 54,995 | | | 3,938 | | | 289,036 | | Pass/Watch | | 340,052 | | | 675,436 | | | 365,161 | | | 696,796 | | | 351,234 | | | 1,028,362 | | | 1,118,497 | | | 64,448 | | | 4,639,986 | | Total Commercial | | $ | 340,231 | | | 676,140 | | | 381,357 | | | 772,372 | | | 388,844 | | | 1,128,200 | | | 1,173,492 | | | 68,386 | | | 4,929,022 | | | | | | | | | | | | | | | | | | | | | Consumer (1) | | | | | | | | | | | | | | | | | | | Special mention | | $ | — | | | 33 | | | — | | | — | | | — | | | 94 | | | 591 | | | 51 | | | 769 | | Substandard | | — | | | — | | | — | | | — | | | — | | | 519 | | | 764 | | | 57 | | | 1,340 | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | Total criticized and classified | | — | | | 33 | | | — | | | — | | | — | | | 613 | | | 1,355 | | | 108 | | | 2,109 | | Pass/Watch | | 18,592 | | | 29,944 | | | 40,922 | | | 55,435 | | | 36,696 | | | 97,096 | | | 320,552 | | | 15,844 | | | 615,081 | | Total Consumer | | $ | 18,592 | | | 29,977 | | | 40,922 | | | 55,435 | | | 36,696 | | | 97,709 | | | 321,907 | | | 15,952 | | | 617,190 | | | | | | | | | | | | | | | | | | | | | Total Loans | | | | | | | | | | | | | | | | | | | Special mention | | $ | 6,192 | | | 575 | | | 16,923 | | | 32,503 | | | 60,184 | | | 97,592 | | | 26,177 | | | 1,138 | | | 241,284 | | Substandard | | 7,890 | | | 715 | | | 20,909 | | | 80,154 | | | 48,163 | | | 131,286 | | | 34,633 | | | 2,908 | | | 326,658 | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | Loss | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total criticized and classified | | 14,082 | | | 1,290 | | | 37,832 | | | 112,657 | | | 108,347 | | | 228,878 | | | 60,810 | | | 4,046 | | | 567,942 | | Pass/Watch | | 1,009,661 | | | 1,679,662 | | | 2,410,871 | | | 3,614,494 | | | 2,098,735 | | | 6,003,772 | | | 1,637,954 | | | 91,803 | | | 18,546,952 | | Total Gross Loans | | $ | 1,023,743 | | | 1,680,952 | | | 2,448,703 | | | 3,727,151 | | | 2,207,082 | | | 6,232,650 | | | 1,698,764 | | | 95,849 | | | 19,114,894 | |
(1) For residential and consumer loans, the Company assigns internal credit grades based on the delinquency status of each loan.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross Loans Held for Investment by Year of Origination as of December 31, 2024 | | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior to 2020 | | Revolving Loans | | Revolving loans to term loans | | Total Loans | Commercial Mortgage | | | | | | | | | | | | | | | | | | | Special mention | | $ | 262 | | | 4,377 | | | 10,150 | | | 9,127 | | | 14,569 | | | 69,525 | | | 4,461 | | | — | | | 112,471 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross Loans Held for Investment by Year of Origination as of December 31, 2024 | | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior to 2020 | | Revolving Loans | | Revolving loans to term loans | | Total Loans | Substandard | | 3,044 | | | 73 | | | 10,952 | | | — | | | 21,051 | | | 50,870 | | | — | | | — | | | 85,990 | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total criticized and classified | | 3,306 | | | 4,450 | | | 21,102 | | | 9,127 | | | 35,620 | | | 120,395 | | | 4,461 | | | — | | | 198,461 | | Pass/Watch | | 417,991 | | | 904,924 | | | 1,623,911 | | | 997,658 | | | 884,295 | | | 2,063,646 | | | 126,297 | | | 10,895 | | | 7,029,617 | | Total Commercial Mortgage | | $ | 421,297 | | | 909,374 | | | 1,645,013 | | | 1,006,785 | | | 919,915 | | | 2,184,041 | | | 130,758 | | | 10,895 | | | 7,228,078 | | | | | | | | | | | | | | | | | | | | | Multi-family | | | | | | | | | | | | | | | | | | | Special mention | | $ | — | | | — | | | — | | | — | | | — | | | 16,472 | | | — | | | — | | | 16,472 | | Substandard | | — | | | 1,560 | | | — | | | 1,043 | | | — | | | 5,439 | | | — | | | — | | | 8,042 | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total criticized and classified | | — | | | 1,560 | | | — | | | 1,043 | | | — | | | 21,911 | | | — | | | — | | | 24,514 | | Pass/Watch | | 363,254 | | | 478,184 | | | 701,811 | | | 460,979 | | | 460,161 | | | 882,291 | | | 10,181 | | | 1,558 | | | 3,358,419 | | Total Multi-Family | | $ | 363,254 | | | 479,744 | | | 701,811 | | | 462,022 | | | 460,161 | | | 904,202 | | | 10,181 | | | 1,558 | | | 3,382,933 | | | | | | | | | | | | | | | | | | | | | Construction | | | | | | | | | | | | | | | | | | | Special mention | | $ | — | | | 1,064 | | | — | | | — | | | — | | | — | | | — | | | — | | | 1,064 | | Substandard | | — | | | — | | | — | | | 12,346 | | | — | | | — | | | — | | | — | | | 12,346 | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total criticized and classified | | — | | | 1,064 | | | — | | | 12,346 | | | — | | | — | | | — | | | — | | | 13,410 | | Pass/Watch | | 104,009 | | | 309,034 | | | 260,190 | | | 110,100 | | | 24,017 | | | 2,743 | | | — | | | — | | | 810,093 | | Total Construction | | $ | 104,009 | | | 310,098 | | | 260,190 | | | 122,446 | | | 24,017 | | | 2,743 | | | — | | | — | | | 823,503 | | | | | | | | | | | | | | | | | | | | | Residential (1) | | | | | | | | | | | | | | | | | | | Special mention | | $ | 403 | | | 1,356 | | | 344 | | | — | | | — | | | 2,836 | | | — | | | — | | | 4,939 | | Substandard | | — | | | 764 | | | 689 | | | 1,119 | | | — | | | 1,963 | | | — | | | — | | | 4,535 | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total criticized and classified | | 403 | | | 2,120 | | | 1,033 | | | 1,119 | | | — | | | 4,799 | | | — | | | — | | | 9,474 | | Pass/Watch | | 140,382 | | | 348,493 | | | 428,269 | | | 333,150 | | | 276,703 | | | 474,166 | | | — | | | — | | | 2,001,163 | | Total Residential | | $ | 140,785 | | | 350,613 | | | 429,302 | | | 334,269 | | | 276,703 | | | 478,965 | | | — | | | — | | | 2,010,637 | | | | | | | | | | | | | | | | | | | | | Total Mortgage | | | | | | | | | | | | | | | | | | | Special mention | | $ | 665 | | | 6,797 | | | 10,494 | | | 9,127 | | | 14,569 | | | 88,833 | | | 4,461 | | | — | | | 134,946 | | Substandard | | 3,044 | | | 2,397 | | | 11,641 | | | 14,508 | | | 21,051 | | | 58,272 | | | — | | | — | | | 110,913 | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross Loans Held for Investment by Year of Origination as of December 31, 2024 | | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior to 2020 | | Revolving Loans | | Revolving loans to term loans | | Total Loans | Total criticized and classified | | 3,709 | | | 9,194 | | | 22,135 | | | 23,635 | | | 35,620 | | | 147,105 | | | 4,461 | | | — | | | 245,859 | | Pass/Watch | | 1,025,636 | | | 2,040,635 | | | 3,014,181 | | | 1,901,887 | | | 1,645,176 | | | 3,422,846 | | | 136,478 | | | 12,453 | | | 13,199,292 | | Total Mortgage | | $ | 1,029,345 | | | 2,049,829 | | | 3,036,316 | | | 1,925,522 | | | 1,680,796 | | | 3,569,951 | | | 140,939 | | | 12,453 | | | 13,445,151 | | | | | | | | | | | | | | | | | | | | | Commercial | | | | | | | | | | | | | | | | | | | Special mention | | $ | 298 | | | 2,612 | | | 3,084 | | | 5,804 | | | 9,493 | | | 26,924 | | | 20,030 | | | 4,761 | | | 73,006 | | Substandard | | 6,887 | | | 5,023 | | | 62,028 | | | 28,208 | | | 23,130 | | | 21,170 | | | 31,787 | | | 1,746 | | | 179,979 | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total criticized and classified | | 7,185 | | | 7,635 | | | 65,112 | | | 34,012 | | | 32,623 | | | 48,094 | | | 51,817 | | | 6,507 | | | 252,985 | | Pass/Watch | | 747,299 | | | 427,445 | | | 697,899 | | | 390,770 | | | 256,421 | | | 678,154 | | | 1,089,408 | | | 68,219 | | | 4,355,615 | | Total Commercial | | $ | 754,484 | | | 435,080 | | | 763,011 | | | 424,782 | | | 289,044 | | | 726,248 | | | 1,141,225 | | | 74,726 | | | 4,608,600 | | | | | | | | | | | | | | | | | | | | | Consumer (1) | | | | | | | | | | | | | | | | | | | Special mention | | $ | — | | | — | | | 3 | | | — | | | 124 | | | 109 | | | 725 | | | — | | | 961 | | Substandard | | — | | | 95 | | | — | | | 9 | | | — | | | 321 | | | 950 | | | — | | | 1,375 | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total criticized and classified | | — | | | 95 | | | 3 | | | 9 | | | 124 | | | 430 | | | 1,675 | | | — | | | 2,336 | | Pass/Watch | | 31,975 | | | 45,605 | | | 59,669 | | | 40,080 | | | 9,433 | | | 83,728 | | | 327,107 | | | 13,886 | | | 611,483 | | Total Consumer | | $ | 31,975 | | | 45,700 | | | 59,672 | | | 40,089 | | | 9,557 | | | 84,158 | | | 328,782 | | | 13,886 | | | 613,819 | | | | | | | | | | | | | | | | | | | | | Total Loans | | | | | | | | | | | | | | | | | | | Special mention | | $ | 963 | | | 9,409 | | | 13,581 | | | 14,931 | | | 24,186 | | | 115,866 | | | 25,216 | | | 4,761 | | | 208,913 | | Substandard | | 9,931 | | | 7,515 | | | 73,669 | | | 42,725 | | | 44,181 | | | 79,763 | | | 32,737 | | | 1,746 | | | 292,267 | | Doubtful | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total criticized and classified | | 10,894 | | | 16,924 | | | 87,250 | | | 57,656 | | | 68,367 | | | 195,629 | | | 57,953 | | | 6,507 | | | 501,180 | | Pass/Watch | | 1,804,910 | | | 2,513,685 | | | 3,771,749 | | | 2,332,737 | | | 1,911,030 | | | 4,184,728 | | | 1,552,993 | | | 94,558 | | | 18,166,390 | | Total Gross Loans | | $ | 1,815,804 | | | 2,530,609 | | | 3,858,999 | | | 2,390,393 | | | 1,979,397 | | | 4,380,357 | | | 1,610,946 | | | 101,065 | | | 18,667,570 | |
(1) For residential and consumer loans, the Company assigns internal credit grades based on the delinquency status of each loan.
|