Loans Receivable and Allowance for Loan Losses | LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES The following table presents loans receivable as of June 30, 2018 and December 31, 2017 . June 30, 2018 December 31, 2017 (amounts in thousands) Commercial: Multi-family $ 3,542,770 $ 3,502,381 Commercial and industrial (including owner occupied commercial real estate) 1,811,751 1,633,818 Commercial real estate non-owner occupied 1,155,998 1,218,719 Construction 88,141 85,393 Total commercial loans 6,598,660 6,440,311 Consumer: Residential real estate 493,222 234,090 Manufactured housing 85,328 90,227 Other 3,874 3,547 Total consumer loans 582,424 327,864 Total loans receivable 7,181,084 6,768,175 Deferred costs and unamortized premiums, net 642 83 Allowance for loan losses (38,288 ) (38,015 ) Loans receivable, net of allowance for loan losses $ 7,143,438 $ 6,730,243 The following tables summarize loans receivable by loan type and performance status as of June 30, 2018 and December 31, 2017 : June 30, 2018 30-89 Days Past Due (1) 90 Days Or More Past Due(1) Total Past Due (1) Non- Accrual Current (2) Purchased- Credit- Impaired Loans (3) Total Loans (4) (amounts in thousands) Multi-family $ — $ — $ — $ 1,343 $ 3,539,640 $ 1,787 $ 3,542,770 Commercial and industrial 1,087 — 1,087 13,683 1,251,148 602 1,266,520 Commercial real estate - owner occupied — — — 718 534,923 9,590 545,231 Commercial real estate - non-owner occupied — — — 2,536 1,148,581 4,881 1,155,998 Construction — — — — 88,141 — 88,141 Residential real estate 2,174 — 2,174 5,606 480,381 5,061 493,222 Manufactured housing (5) 2,977 2,661 5,638 2,015 75,250 2,425 85,328 Other consumer 56 — 56 94 3,496 228 3,874 Total $ 6,294 $ 2,661 $ 8,955 $ 25,995 $ 7,121,560 $ 24,574 $ 7,181,084 December 31, 2017 30-89 Days Past Due (1) 90 Days Or More Past Due(1) Total Past Due (1) Non- Accrual Current (2) Purchased- Credit- Impaired Loans (3) Total Loans (4) (amounts in thousands) Multi-family $ 4,900 $ — $ 4,900 $ — $ 3,495,600 $ 1,881 $ 3,502,381 Commercial and industrial 103 — 103 17,392 1,130,831 764 1,149,090 Commercial real estate - owner occupied 202 — 202 1,453 472,501 10,572 484,728 Commercial real estate - non-owner occupied 93 — 93 160 1,213,216 5,250 1,218,719 Construction — — — — 85,393 — 85,393 Residential real estate 7,628 — 7,628 5,420 215,361 5,681 234,090 Manufactured housing (5) 4,028 2,743 6,771 1,959 78,946 2,551 90,227 Other consumer 116 — 116 31 3,184 216 3,547 Total $ 17,070 $ 2,743 $ 19,813 $ 26,415 $ 6,695,032 $ 26,915 $ 6,768,175 (1) Includes past due loans that are accruing interest because collection is considered probable. (2) Loans where next payment due is less than 30 days from the report date. (3) Purchased-credit-impaired loans aggregated into a pool are accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows, and the past due status of the pools, or that of the individual loans within the pools, is not meaningful. Because of the credit impaired nature of the loans, the loans are recorded at a discount reflecting estimated future cash flows and the Bank recognizes interest income on each pool of loans reflecting the estimated yield and passage of time. Such loans are considered to be performing. Purchased-credit-impaired loans that are not in pools accrete interest when the timing and amount of their expected cash flows are reasonably estimable, and are reported as performing loans. (4) Amounts exclude deferred costs and fees, unamortized premiums and discounts, and the allowance for loan losses. (5) Manufactured housing loans purchased in 2010 are supported by cash reserves held at the Bank that are used to fund past-due payments when the loan becomes 90 days or more delinquent. Subsequent purchases are subject to varying provisions in the event of borrowers’ delinquencies. As of June 30, 2018 and December 31, 2017, the Bank had $0.3 million , respectively, of residential real estate held in other real estate owned. As of June 30, 2018 and December 31, 2017, the Bank had initiated foreclosure proceedings on $2.2 million and $1.6 million , respectively, in loans secured by residential real estate. Allowance for loan losses The changes in the allowance for loan losses for the three and six months ended June 30, 2018 and 2017 , and the loans and allowance for loan losses by loan class based on impairment-evaluation method as of June 30, 2018 and December 31, 2017 are presented in the tables below. Three Months Ended June 30, 2018 Multi-family Commercial and Industrial Commercial Real Estate Owner Occupied Commercial Construction Residential Manufactured Other Consumer Total (amounts in thousands) Ending Balance, March 31, 2018 $ 12,545 $ 11,737 $ 3,525 $ 7,233 $ 921 $ 3,179 $ 176 $ 183 $ 39,499 Charge-offs — (174 ) (483 ) — — (42 ) — (462 ) (1,161 ) Recoveries — 140 326 — 209 56 — 3 734 Provision for loan losses (476 ) 555 (380 ) (535 ) (138 ) (285 ) (27 ) 502 (784 ) Ending Balance, June 30, 2018 $ 12,069 $ 12,258 $ 2,988 $ 6,698 $ 992 $ 2,908 $ 149 $ 226 $ 38,288 Six Months Ended June 30, 2018 Ending Balance, December 31, 2017 $ 12,168 $ 10,918 $ 3,232 $ 7,437 $ 979 $ 2,929 $ 180 $ 172 $ 38,015 Charge-offs — (224 ) (501 ) — — (407 ) — (718 ) (1,850 ) Recoveries — 175 326 — 220 63 — 6 790 Provision for loan losses (99 ) 1,389 (69 ) (739 ) (207 ) 323 (31 ) 766 1,333 Ending Balance, June 30, 2018 $ 12,069 $ 12,258 $ 2,988 $ 6,698 $ 992 $ 2,908 $ 149 $ 226 $ 38,288 As of June 30, 2018 Loans: Individually evaluated for impairment $ 1,343 $ 13,750 $ 759 $ 2,536 $ — $ 8,775 $ 10,372 $ 94 $ 37,629 Collectively evaluated for impairment 3,539,640 1,252,168 534,882 1,148,581 88,141 479,386 72,531 3,552 7,118,881 Loans acquired with credit deterioration 1,787 602 9,590 4,881 — 5,061 2,425 228 24,574 $ 3,542,770 $ 1,266,520 $ 545,231 $ 1,155,998 $ 88,141 $ 493,222 $ 85,328 $ 3,874 $ 7,181,084 Allowance for loan losses: Individually evaluated for impairment $ — $ 1,062 $ 1 $ — $ — $ 313 $ 5 $ — $ 1,381 Collectively evaluated for impairment 12,069 10,749 2,987 4,334 992 2,106 81 154 33,472 Loans acquired with credit deterioration — 447 — 2,364 — 489 63 72 3,435 $ 12,069 $ 12,258 $ 2,988 $ 6,698 $ 992 $ 2,908 $ 149 $ 226 $ 38,288 Three Months Ended June 30, 2017 Multi-family Commercial and Industrial Commercial Real Estate Owner Occupied Commercial Construction Residential Manufactured Other Consumer Total (amounts in thousands) Ending Balance, March 31, 2017 $ 12,283 $ 13,009 $ 2,394 $ 7,847 $ 885 $ 3,080 $ 284 $ 101 $ 39,883 Charge-offs — (1,849 ) — (4 ) — (69 ) — (226 ) (2,148 ) Recoveries — 68 9 — 49 6 — 56 188 Provision for loan losses (255 ) 357 573 (57 ) (218 ) (22 ) (16 ) 173 535 Ending Balance, June 30, 2017 $ 12,028 $ 11,585 $ 2,976 $ 7,786 $ 716 $ 2,995 $ 268 $ 104 $ 38,458 Six Months Ended June 30, 2017 Ending Balance, December 31, 2016 $ 11,602 $ 11,050 $ 2,183 $ 7,894 $ 840 $ 3,342 $ 286 $ 118 $ 37,315 Charge-offs — (2,047 ) — (408 ) — (290 ) — (246 ) (2,991 ) Recoveries — 283 9 — 130 27 — 100 549 Provision for loan losses 426 2,299 784 300 (254 ) (84 ) (18 ) 132 3,585 Ending Balance, June 30, 2017 $ 12,028 $ 11,585 $ 2,976 $ 7,786 $ 716 $ 2,995 $ 268 $ 104 $ 38,458 As of December 31, 2017 Loans: Individually evaluated for impairment $ — $ 17,461 $ 1,448 $ 160 $ — $ 9,247 $ 10,089 $ 30 $ 38,435 Collectively evaluated for impairment 3,500,500 1,130,865 472,708 1,213,309 85,393 219,162 77,587 3,301 6,702,825 Loans acquired with credit deterioration 1,881 764 10,572 5,250 — 5,681 2,551 216 26,915 $ 3,502,381 $ 1,149,090 $ 484,728 $ 1,218,719 $ 85,393 $ 234,090 $ 90,227 $ 3,547 $ 6,768,175 Allowance for loan losses: Individually evaluated for impairment $ — $ 650 $ 642 $ — $ — $ 155 $ 4 $ — $ 1,451 Collectively evaluated for impairment 12,168 9,804 2,580 4,630 979 2,177 82 117 32,537 Loans acquired with credit deterioration — 464 10 2,807 — 597 94 55 4,027 $ 12,168 $ 10,918 $ 3,232 $ 7,437 $ 979 $ 2,929 $ 180 $ 172 $ 38,015 Certain manufactured housing loans were purchased in August 2010. A portion of the purchase price may be used to reimburse the Bank under the specified terms in the purchase agreement for defaults of the underlying borrower and other specified items. At June 30, 2018 and December 31, 2017 , funds available for reimbursement, if necessary, were $0.5 million and $0.6 million , respectively. Each quarter, these funds are evaluated to determine if they would be sufficient to absorb the probable incurred losses within the manufactured housing portfolio. Impaired Loans - Individually Evaluated for Impairment The following tables present the recorded investment (net of charge-offs), unpaid principal balance, and related allowance by loan type for impaired loans that were individually evaluated for impairment as of June 30, 2018 and December 31, 2017 and the average recorded investment and interest income recognized for the three and six months ended June 30, 2018 and 2017 . Purchased-credit-impaired loans are considered to be performing and are not included in the tables below. June 30, 2018 Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Recorded Investment Net of Charge offs Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Average Interest (amounts in thousands) With no recorded allowance: Multi-family $ 1,343 $ 1,343 $ — $ 672 $ 8 $ 448 $ 8 Commercial and industrial 5,642 5,889 — 5,736 2 6,870 2 Commercial real estate owner occupied 718 1,201 — 664 — 713 — Commercial real estate non-owner occupied 2,536 2,648 — 1,390 8 980 8 Other consumer 94 94 — 96 — 74 — Residential real estate 4,301 4,546 — 3,959 2 3,849 2 Manufactured housing 10,144 10,144 — 10,015 146 9,963 277 With an allowance recorded: Commercial and industrial 8,108 8,292 1,062 8,283 11 8,296 12 Commercial real estate owner occupied 41 41 1 455 1 517 2 Residential real estate 4,474 4,479 313 4,550 38 4,906 63 Manufactured housing 228 228 5 225 6 225 6 Total $ 37,629 $ 38,905 $ 1,381 $ 36,045 $ 222 $ 36,841 $ 380 December 31, 2017 Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Recorded Investment Net of Charge offs Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Average Interest (amounts in thousands) With no recorded allowance: Commercial and industrial $ 9,138 $ 9,287 $ — $ 6,678 $ 46 $ 5,251 $ 96 Commercial real estate owner occupied 806 806 — 1,739 — 1,563 3 Commercial real estate non-owner occupied 160 272 — 884 — 1,257 2 Other consumer 30 30 — 56 — 56 — Residential real estate 3,628 3,801 — 2,660 — 4,001 1 Manufactured housing 9,865 9,865 — 10,074 152 9,937 293 With an allowance recorded: Commercial and industrial 8,323 8,506 650 7,209 — 6,846 22 Commercial real estate - owner occupied 642 642 642 839 1 839 2 Commercial real estate non-owner occupied — — — 114 — 126 — Residential real estate 5,619 5,656 155 4,953 45 3,399 84 Manufactured housing 224 224 4 216 5 144 8 Total $ 38,435 $ 39,089 $ 1,451 $ 35,422 $ 249 $ 33,419 $ 511 Troubled Debt Restructurings At June 30, 2018 and December 31, 2017 , there were $19.4 million and $20.4 million , respectively, in loans reported as troubled debt restructurings (“TDRs”). TDRs are reported as impaired loans in the calendar year of their restructuring and are evaluated to determine whether they should be placed on non-accrual status. In subsequent years, a TDR may be returned to accrual status if it satisfies a minimum performance requirement of six months , however, it will remain classified as impaired. Generally, the Bank requires sustained performance for nine months before returning a TDR to accrual status. Modification of purchased-credit-impaired loans that are accounted for within loan pools in accordance with the accounting standards for purchased-credit-impaired loans do not result in the removal of these loans from the pool even if the modifications would otherwise be considered a TDR. Accordingly, as each pool is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows, modifications of loans within such pools are not considered TDRs. The following table presents total TDRs based on loan type and accrual status at June 30, 2018 and December 31, 2017 . Nonaccrual TDRs are included in the reported amount of total non-accrual loans. June 30, 2018 December 31, 2017 Accruing TDRs Nonaccrual TDRs Total Accruing TDRs Nonaccrual TDRs Total (amounts in thousands) Commercial and industrial $ 67 $ 5,415 $ 5,482 $ 63 $ 5,939 $ 6,002 Commercial real estate owner occupied 41 — 41 — — — Manufactured housing 8,357 1,875 10,232 8,130 1,766 9,896 Residential real estate 3,169 485 3,654 3,828 703 4,531 Other consumer — 13 13 — — — Total TDRs $ 11,634 $ 7,788 $ 19,422 $ 12,021 $ 8,408 $ 20,429 The following table presents loans modified in a troubled debt restructuring by type of concession for the three and six months ended June 30, 2018 and 2017 . There were no modifications that involved forgiveness of debt. Three Months Ended June 30, 2018 Three Months Ended June 30, 2017 Number Recorded Number Recorded (dollars in thousands) Extensions of maturity 1 $ 56 2 $ 5,855 Interest-rate reductions 15 607 9 320 Total 16 $ 663 11 $ 6,175 Six Months Ended June 30, 2018 Six Months Ended June 30, 2017 Number Recorded Number Recorded (dollars in thousands) Extensions of maturity 1 $ 56 3 $ 6,203 Interest-rate reductions 24 929 29 1,175 Total 25 $ 985 32 $ 7,378 The following table provides, by loan type, the number of loans modified in troubled debt restructurings, and the related recorded investment, during the three and six months ended June 30, 2018 and 2017 . Three Months Ended June 30, 2018 Three Months Ended June 30, 2017 Number Recorded Number Recorded (dollars in thousands) Commercial and industrial — $ — 2 $ 5,855 Manufactured housing 14 450 9 320 Residential real estate 1 200 — — Other consumer 1 13 — — Total loans 16 $ 663 11 $ 6,175 Six Months Ended June 30, 2018 Six Months Ended June 30, 2017 Number Recorded Number Recorded (dollars in thousands) Commercial and industrial — $ — 3 $ 6,203 Manufactured housing 23 772 29 1,175 Residential real estate 1 200 — — Other consumer 1 13 — — Total loans 25 $ 985 32 $ 7,378 As of June 30, 2018 and December 31, 2017, except for one commercial and industrial loan with an outstanding commitment of $1.6 million and $2.1 million , respectively, there were no other commitments to lend additional funds to debtors whose loans have been modified in TDRs. As of June 30, 2018 , there were no loans modified in a TDR within the past twelve months that defaulted on payments. As of June 30, 2017 , six manufactured housing loans totaling $0.3 million , that were modified in TDRs within the past twelve months, defaulted on payments. Loans modified in troubled debt restructurings are evaluated for impairment. The nature and extent of impairment of TDRs, including those which have experienced a subsequent default, is considered in the determination of an appropriate level of allowance for loan losses. There was no allowance recorded as a result of TDR modifications during the three and six months ended June 30, 2018 . There was no allowance recorded as a result of TDR modifications during the three months ended June 30, 2017. For the six months ended June 30, 2017, there was one allowance recorded resulting from TDR modifications, totaling $1 thousand for one manufactured housing loan. Purchased-Credit-Impaired Loans The changes in accretable yield related to purchased-credit-impaired loans for the three and six months ended June 30, 2018 and 2017 were as follows: Three Months Ended June 30, 2018 2017 (amounts in thousands) Accretable yield balance as of March 31, $ 7,663 $ 9,376 Accretion to interest income (516 ) (465 ) Reclassification from nonaccretable difference and disposals, net 256 95 Accretable yield balance as of June 30, $ 7,403 $ 9,006 Six Months Ended June 30, 2018 2017 (amounts in thousands) Accretable yield balance as of December 31, $ 7,825 $ 10,202 Accretion to interest income (854 ) (958 ) Reclassification from nonaccretable difference and disposals, net 432 (238 ) Accretable yield balance as of June 30, $ 7,403 $ 9,006 Credit Quality Indicators Multi-family, commercial and industrial, owner occupied commercial real estate, non-owner occupied commercial real estate, and construction loans are rated based on an internally assigned risk rating system which is assigned at the time of loan origination and reviewed on a periodic, or on an “as needed” basis. Residential real estate loans, manufactured housing and other consumer loans are evaluated based on the payment activity of the loan. To facilitate the monitoring of credit quality within the multi-family, commercial and industrial, owner occupied commercial real estate, non-owner occupied commercial real estate, and construction loan portfolios, and for purposes of analyzing historical loss rates used in the determination of the allowance for loan losses for the respective loan portfolios, the Bank utilizes the following categories of risk ratings: pass/satisfactory (includes risk rating 1 through 6), special mention, substandard, doubtful, and loss. The risk rating categories, which are derived from standard regulatory rating definitions, are assigned upon initial approval of credit to borrowers and updated periodically thereafter. Pass/satisfactory ratings, which are assigned to those borrowers who do not have identified potential or well-defined weaknesses and for whom there is a high likelihood of orderly repayment, are updated periodically based on the size and credit characteristics of the borrower. All other categories are updated on a quarterly basis during the month preceding the end of the calendar quarter. While assigning risk ratings involves judgment, the risk-rating process allows management to identify riskier credits in a timely manner and allocate the appropriate resources to manage those loans. The risk rating grades are defined as follows: “1” – Pass / Excellent Loans rated 1 represent a credit extension of the highest quality. The borrower’s historic (at least five years) cash flows manifest extremely large and stable margins of coverage. Balance sheets are conservative, well capitalized, and liquid. After considering debt service for proposed and existing debt, projected cash flows continue to be strong and provide ample coverage. The borrower typically reflects broad geographic and product diversification and has access to alternative financial markets. “2” – Pass / Superior Loans rated 2 are those for which the borrower has a strong financial condition, balance sheet, operations, cash flow, debt capacity and coverage with ratios better than industry norms. The borrowers of these loans exhibit a limited leverage position, are virtually immune to local economies, and are in stable growing industries. The management team is well respected and the company has ready access to public markets. “3” – Pass / Strong Loans rated 3 are those loans for which the borrowers have above average financial condition and flexibility; more than satisfactory debt service coverage; balance sheet and operating ratios are consistent with or better than industry peers; operate in industries with little risk; move in diversified markets; and are experienced and competent in their industry. These borrowers’ access to capital markets is limited mostly to private sources, often secured, but the borrower typically has access to a wide range of refinancing alternatives. “4” – Pass / Good Loans rated 4 have a sound primary and secondary source of repayment. The borrower may have access to alternative sources of financing, but sources are not as widely available as they are to a higher grade borrower. These loans carry a normal level of risk, with very low loss exposure. The borrower has the ability to perform according to the terms of the credit facility. The margins of cash flow coverage are satisfactory but vulnerable to more rapid deterioration than the higher quality loans. “5” – Satisfactory Loans rated 5 are extended to borrowers who are considered to be a reasonable credit risk and demonstrate the ability to repay the debt from normal business operations. Risk factors may include reliability of margins and cash flows, liquidity, dependence on a single product or industry, cyclical trends, depth of management, or limited access to alternative financing sources. The borrower’s historical financial information may indicate erratic performance, but current trends are positive and the quality of financial information is adequate, but is not as detailed and sophisticated as information found on higher grade loans. If adverse circumstances arise, the impact on the borrower may be significant. “6” – Satisfactory / Bankable with Care Loans rated 6 are those for which the borrower has higher than normal credit risk; however, cash flow and asset values are generally intact. These borrowers may exhibit declining financial characteristics, with increasing leverage and decreasing liquidity and may have limited resources and access to financial alternatives. Signs of weakness in these borrowers may include delinquent taxes, trade slowness and eroding profit margins. “7” – Special Mention Loans rated 7 are credit facilities that may have potential developing weaknesses and deserve extra attention from the account manager and other management personnel. In the event potential weaknesses are not corrected or mitigated, deterioration in the ability of the borrower to repay the debt in the future may occur. This grade is not assigned to loans that bear certain peculiar risks normally associated with the type of financing involved, unless circumstances have caused the risk to increase to a level higher than would have been acceptable when the credit was originally approved. Loans where significant actual, not potential, weaknesses or problems are clearly evident are graded in the category below. “8” – Substandard Loans are rated 8 when the loans are inadequately protected by the current sound worth and payment capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt and are characterized by the distinct possibility that the company will sustain some loss if the weaknesses are not corrected. “9” – Doubtful The Bank assigns a doubtful rating to loans that have all the attributes of a substandard rating with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The possibility of loss is extremely high, but because of certain important and reasonable specific pending factors that may work to the advantage of and strengthen the credit quality of the loan, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors may include a proposed merger or acquisition, liquidation proceeding, capital injection, perfecting liens on additional collateral or refinancing plans. “10” – Loss The Bank assigns a loss rating to loans considered uncollectible and of such little value that their continuance as an active asset is not warranted. Amounts classified as loss are immediately charged off. Risk ratings are not established for certain consumer loans, including residential real estate, home equity, manufactured housing, and installment loans, mainly because these portfolios consist of a larger number of homogeneous loans with smaller balances. Instead, these portfolios are evaluated for risk mainly based upon aggregate payment history through the monitoring of delinquency levels and trends and are classified as performing and non-performing. The following tables present the credit ratings of loans receivable as of June 30, 2018 and December 31, 2017 . June 30, 2018 Multi-family Commercial and Industrial Commercial Real Estate Owner Occupied Commercial Real Estate Non-Owner Occupied Construction Residential Real Estate Manufactured Housing Other Consumer Total (amounts in thousands) Pass/Satisfactory $ 3,485,669 $ 1,211,934 $ 529,898 $ 1,089,666 $ 88,141 $ — $ — $ — $ 6,405,308 Special Mention 31,001 16,979 8,152 60,943 — — — — 117,075 Substandard 26,100 37,607 7,181 5,389 — — — — 76,277 Performing (1) — — — — — 485,442 77,675 3,724 566,841 Non-performing (2) — — — — — 7,780 7,653 150 15,583 Total $ 3,542,770 $ 1,266,520 $ 545,231 $ 1,155,998 $ 88,141 $ 493,222 $ 85,328 $ 3,874 $ 7,181,084 December 31, 2017 Multi-family Commercial Commercial Commercial Real Estate Non-Owner Occupied Construction Residential Manufactured Other Consumer Total (amounts in thousands) Pass/Satisfactory $ 3,438,554 $ 1,118,889 $ 471,826 $ 1,185,933 $ 85,393 $ — $ — $ — $ 6,300,595 Special Mention 53,873 7,652 5,987 31,767 — — — — 99,279 Substandard 9,954 22,549 6,915 1,019 — — — — 40,437 Performing (1) — — — — — 221,042 81,497 3,400 305,939 Non-performing (2) — — — — — 13,048 8,730 147 21,925 Total $ 3,502,381 $ 1,149,090 $ 484,728 $ 1,218,719 $ 85,393 $ 234,090 $ 90,227 $ 3,547 $ 6,768,175 (1) Includes consumer and other installment loans not subject to risk ratings. (2) Includes loans that are past due and still accruing interest and loans on nonaccrual status. Loan Purchases and Sales In second quarter 2018, Customers purchased $277.4 million of thirty -year fixed-rate residential mortgage loans from Third Federal Savings & Loan. The purchase price was 100.4% of loans outstanding. During second quarter 2018, Customers sold $11.7 million of SBA loans resulting in a gain on sale of $0.9 million . In second quarter 2017, Customers purchased an additional $90.0 million of thirty-year fixed-rate residential mortgage loans from Everbank. The purchase price was 101.0% of loans outstanding. In second quarter 2017, Customers sold $7.0 million of SBA loans resulting in a gain on sale of $0.6 million . Customers did not purchase any loans during first quarter 2018. During first quarter 2018, Customers sold $15.0 million of Small Business Administration (SBA) loans resulting in a gain on sale of $1.4 million . In first quarter 2017, Customers purchased $174.2 million of thirty -year fixed-rate residential mortgage loans from Florida-based Everbank. The purchase price was 98.5% of loans outstanding. In first quarter 2017, Customers sold $94.9 million of multi-family loans for $95.4 million resulting in a gain on sale of $0.5 million and $8.7 million of SBA loans resulting in a gain on sale of $0.8 million . None of the purchases and sales during the three and six months ended June 30, 2018 and 2017 materially affected the credit profile of Customers’ loan portfolio. Loans Pledged as Collateral Customers has pledged eligible real estate loans as collateral for potential borrowings from the Federal Home Loan Bank of Pittsburgh ("FHLB") in the amount of $5.6 billion at June 30, 2018 and $5.5 billion at December 31, 2017 . |