Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 8 . Loans Most of the Company’s business activities are with customers located in the high-density Asian-populated areas of Southern and Northern California; New York City, New York; Dallas and Houston, Texas; Seattle, Washington; Boston, Massachusetts; Chicago, Illinois; Edison, New Jersey; Rockville, Maryland; Las Vegas, Nevada, and Hong Kong. The Company has no The types of loans in the Company’s condensed consolidated balance sheets as of March 31, 2018, December 31, 2017, March 31, 2018 December 31, 2017 (In thousands) Commercial loans $ 2,436,421 $ 2,461,266 Residential mortgage loans 3,198,750 3,062,050 Commercial mortgage loans 6,610,254 6,482,695 Real estate construction loans 587,927 678,805 Equity lines 176,714 180,304 Installment & other loans 4,473 5,170 Gross loans $ 13,014,539 $ 12,870,290 Allowance for loan losses (122,084 ) (123,279 ) Unamortized deferred loan fees (3,289 ) (3,245 ) Total loans, net $ 12,889,166 $ 12,743,766 Loans held for sale $ - $ 8,000 As of March 31, 2018, $132.1 $49.3 $82.8 December 31, 2017, $117.4 $48.8 $68.6 6.4% March 31, 2018, 7.2% December 31, 2017, The following table presents the average balance and interest income recognized related to impaired loans for the periods indicated: Impaired Loans Average Recorded Investment Interest Income Recognized Three months ended Three months ended March 31, March 31, 2018 2017 2018 2017 Commercial loans $ 45,183 $ 23,335 $ 334 $ 83 Real estate construction loans 8,137 16,930 - 340 Commercial mortgage loans 58,598 61,405 644 445 Residential mortgage loans and equity lines 13,709 16,543 100 132 Total impaired loans $ 125,627 $ 118,213 $ 1,078 $ 1,000 The following table presents impaired loans and the related allowance for loan losses as of the dates indicated: Impaired Loans March 31, 2018 December 31, 2017 Unpaid Principal Balance Recorded Investment Allowance Unpaid Principal Balance Recorded Investment Allowance (In thousands) With no allocated allowance Commercial loans $ 45,698 $ 44,680 $ - $ 43,483 $ 42,702 $ - Real estate construction loans 8,821 8,113 - 8,821 8,185 - Commercial mortgage loans 44,486 37,471 - 37,825 31,029 - Residential mortgage loans and equity lines 6,377 6,377 - 1,301 1,301 - Subtotal $ 105,382 $ 96,641 $ - $ 91,430 $ 83,217 $ - With allocated allowance Commercial loans $ 258 $ 231 $ 11 $ 891 $ 793 $ 43 Commercial mortgage loans 27,315 27,276 1,145 21,733 21,635 1,738 Residential mortgage loans and equity lines 9,091 7,965 346 13,022 11,708 353 Subtotal $ 36,664 $ 35,472 $ 1,502 $ 35,646 $ 34,136 $ 2,134 Total impaired loans $ 142,046 $ 132,113 $ 1,502 $ 127,076 $ 117,353 $ 2,134 The following tables present the aging of the loan portfolio by type as of March 31, 2018, December 31, 2017: March 31, 2018 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Non-accrual Loans Total Past Due Loans Not Past Due Total Type of Loans: (In thousands) Commercial loans $ 15,571 $ 146 $ - $ 15,916 $ 31,633 $ 2,404,788 $ 2,436,421 Real estate construction loans 920 - - 8,113 9,033 578,894 587,927 Commercial mortgage loans 26,015 - - 17,780 43,795 6,566,459 6,610,254 Residential mortgage loans and equity lines 4,094 - - 7,519 11,613 3,363,851 3,375,464 Installment and other loans 170 95 - - 265 4,208 4,473 Total loans $ 46,770 $ 241 $ - $ 49,328 $ 96,339 $ 12,918,200 $ 13,014,539 December 31, 2017 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Non-accrual Loans Total Past Due Loans Not Past Due Total Type of Loans: (In thousands) Commercial loans $ 11,079 $ 5,192 $ - $ 14,296 $ 30,567 $ 2,430,699 $ 2,461,266 Real estate construction loans 3,028 - - 8,185 11,213 667,592 678,805 Commercial mortgage loans 17,573 5,602 - 19,820 42,995 6,439,700 6,482,695 Residential mortgage loans and equity lines 6,613 732 - 6,486 13,831 3,228,523 3,242,354 Installment and other loans 103 - - - 103 5,067 5,170 Total loans $ 38,396 $ 11,526 $ - $ 48,787 $ 98,709 $ 12,771,581 $ 12,870,290 The determination of the amount of the allowance for loan losses for impaired loans is based on management’s current judgment about the credit quality of the loan portfolio and takes into consideration known relevant internal and external factors that affect collectability when determining the appropriate level for the allowance for loan losses. The nature of the process by which the Bank determines the appropriate allowance for loan losses requires the exercise of considerable judgment. This allowance evaluation process is also applied to troubled debt restructurings since they are considered to be impaired loans. The allowance for loan losses and the reserve for off-balance sheet credit commitments are significant estimates that can and do change based on management’s process in analyzing the loan portfolio and on management’s assumptions about specific borrowers, underlying collateral, and applicable economic and environmental conditions, among other factors. A troubled debt restructuring is a formal modification of the terms of a loan when the lender, for economic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower. The concessions may TDRs on accrual status are comprised of the loans that have, pursuant to the Bank’s policy, performed under the restructured terms and have demonstrated sustained performance under the modified terms for six As of March 31, 2018, $82.8 $31.2 $68.6 $33.4 December 31, 2017. $1.2 $75,000 March 31, 2018, $1.9 $83,000 December 31, 2017. first March 31, 2018 2017, March 31, 2018 2017, first March 31, 2018 2017: Three months ended March 31, 2018 March 31, 2018 No. of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Charge-offs Specific Reserve (Dollars in thousands) Commercial loans 3 $ 2,463 $ 2,463 $ - $ - Commercial mortgage loans 6 14,287 14,287 - 134 Residential mortgage loans and equity lines 2 801 801 - 8 Total 11 $ 17,551 $ 17,551 $ - $ 142 Three months ended March 31, 2017 March 31, 2017 No. of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Charge-offs Specific Reserve (Dollars in thousands) Real estate construction loans 2 $ 27,683 $ 27,683 $ - $ - Total 2 $ 27,683 $ 27,683 $ - $ - Modifications of the loan terms during the first 2018 three twelve We expect that the TDRs on accruing status as of March 31, 2018, March 31, 2018, December 31, 2017, ` March 31, 2018 Accruing TDRs Payment Deferral Rate Reduction Rate Reduction and Payment Deferral Total (In thousands) Commercial loans $ 28,995 $ - $ - $ 28,995 Commercial mortgage loans 19,609 7,499 19,859 46,967 Residential mortgage loans 3,744 333 2,746 6,823 Total accruing TDRs $ 52,348 $ 7,832 $ 22,605 $ 82,785 March 31, 2018 Non-accrual TDRs Payment Deferral Rate Reduction and Payment Deferral Total (In thousands) Commercial loans $ 14,568 $ - $ 14,568 Commercial mortgage loans 4,011 10,871 14,882 Residential mortgage loans 1,594 151 1,745 Total non-accrual TDRs $ 20,173 $ 11,022 $ 31,195 December 31, 2017 Accruing TDRs Payment Deferral Rate Reduction Rate Reduction and Payment Deferral Total (In thousands) Commercial loans $ 29,199 $ - $ - $ 29,199 Commercial mortgage loans 11,504 5,871 15,468 32,843 Residential mortgage loans 3,416 335 2,772 6,523 Total accruing TDRs $ 44,119 $ 6,206 $ 18,240 $ 68,565 December 31, 2017 Non-accrual TDRs Payment Deferral Rate Reduction Rate Reduction and Payment Deferral Total (In thousands) Commercial loans $ 12,944 $ - $ - $ 12,944 Commercial mortgage loans 6,231 1,677 11,113 19,021 Residential mortgage loans 1,297 - 154 1,451 Total non-accrual TDRs $ 20,472 $ 1,677 $ 11,267 $ 33,416 The activity within our TDRs for the periods indicated is shown below: Three months ended March 31, Accruing TDRs 2018 2017 (In thousands) Beginning balance $ 68,566 $ 65,393 New restructurings 17,320 27,683 Restructured loans restored to accrual status 2,318 - Payments (3,891 ) (4,595 ) Restructured loans placed on non-accrual status (1,528 ) (5,822 ) Expiration of loan concession upon renewal - (2,240 ) Ending balance $ 82,785 $ 80,419 Three months ended March 31, Non-accrual TDRs 2018 2017 (In thousands) Beginning balance $ 33,415 $ 29,722 New restructurings 231 - Restructured loans placed on non-accrual status 1,528 5,822 Charge-offs - (1,049 ) Payments (1,661 ) (990 ) Foreclosures - (726 ) Restructured loans restored to accrual status (2,318 ) - Ending balance $ 31,195 $ 32,779 The Company considers a loan to be in payment default once it is 60 90 not twelve March 31, 2018. Under the Company’s internal underwriting policy, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification in order to determine whether a borrower is experiencing financial difficulty. As of March 31, 2018, no As part of the on-going monitoring of the credit quality of our loan portfolio, the Company utilizes a risk grading matrix to assign a risk grade to each loan. The risk rating categories can be generally described by the following grouping for non-homogeneous loans: ● Pass/Watch – ● Special Mention – not may ● Substandard – may not not ● Doubtful – may ● Loss – no The following tables present the loan portfolio by risk rating as of March 31, 2018, December 31, 2017: March 31, 2018 Pass/Watch Special Mention Substandard Doubtful Total (In thousands) Commercial loans $ 2,224,463 $ 139,985 $ 71,973 $ - $ 2,436,421 Real estate construction loans 522,983 55,911 9,033 - 587,927 Commercial mortgage loans 6,202,696 292,647 114,911 - 6,610,254 Residential mortgage loans and equity lines 3,365,642 - 9,822 - 3,375,464 Installment and other loans 4,378 - 95 - 4,473 Total gross loans $ 12,320,162 $ 488,543 $ 205,834 $ - $ 13,014,539 Loans held for sale $ - $ - $ - $ - $ - December 31, 2017 Pass/Watch Special Mention Substandard Doubtful Total (In thousands) Commercial loans $ 2,281,698 $ 118,056 $ 61,503 $ 9 $ 2,461,266 Real estate construction loans 616,411 54,209 8,185 - 678,805 Commercial mortgage loans 6,004,258 308,924 169,513 - 6,482,695 Residential mortgage loans and equity lines 3,232,606 - 9,748 - 3,242,354 Installment and other loans 5,170 - - - 5,170 Total gross loans $ 12,140,143 $ 481,189 $ 248,949 $ 9 $ 12,870,290 Loans held for sale $ - $ - $ 8,000 $ - $ 8,000 The following table presents the balance in the allowance for loan losses by portfolio segment and based on impairment method as of March 31, 2018, December 31, 2017: Real Estate Commercial Residential Commercial Construction Mortgage Mortgage Loans Installment and Loans Loans Loans and Equity Lines Other Loans Total (In thousands) March 31, 2018 Loans individually evaluated for impairment Allowance $ 11 $ - $ 1,145 $ 346 $ - $ 1,502 Balance $ 44,911 $ 8,113 $ 64,747 $ 14,342 $ - $ 132,113 Loans collectively evaluated for impairment Allowance $ 54,586 $ 21,864 $ 33,085 $ 11,026 $ 21 $ 120,582 Balance $ 2,391,510 $ 579,814 $ 6,545,507 $ 3,361,122 $ 4,473 $ 12,882,426 Total allowance $ 54,597 $ 21,864 $ 34,230 $ 11,372 $ 21 $ 122,084 Total balance $ 2,436,421 $ 587,927 $ 6,610,254 $ 3,375,464 $ 4,473 $ 13,014,539 December 31, 2017 Loans individually evaluated for impairment Allowance $ 43 $ - $ 1,738 $ 353 $ - $ 2,134 Balance $ 43,495 $ 8,185 $ 52,664 $ 13,009 $ - $ 117,353 Loans collectively evaluated for impairment Allowance $ 49,753 $ 24,838 $ 35,872 $ 10,660 $ 22 $ 121,145 Balance $ 2,417,771 $ 670,620 $ 6,430,031 $ 3,229,345 $ 5,170 $ 12,752,937 Total allowance $ 49,796 $ 24,838 $ 37,610 $ 11,013 $ 22 $ 123,279 Total balance $ 2,461,266 $ 678,805 $ 6,482,695 $ 3,242,354 $ 5,170 $ 12,870,290 The following tables detail activity in the allowance for loan losses by portfolio segment for the three March 31, 2018, March 31, 2017. one not Real Estate Commercial Residential Installment Commercial Construction Mortgage Mortgage Loans and Other Loans Loans Loans and Equity Lines Loans Total (In thousands) 2018 Beginning Balance $ 49,796 $ 24,838 $ 37,610 $ 11,013 $ 22 $ 123,279 Provision/(credit) for possible credit losses 3,907 (3,018 ) (4,163 ) 275 (1 ) (3,000 ) Charge-offs (19 ) - - - - (19 ) Recoveries 913 44 783 84 - 1,824 Net recoveries 894 44 783 84 - 1,805 March 31, 2018 Ending Balance $ 54,597 $ 21,864 $ 34,230 $ 11,372 $ 21 $ 122,084 Reserve for impaired loans $ 11 $ - $ 1,145 $ 346 $ - $ 1,502 Reserve for non-impaired loans $ 54,586 $ 21,864 $ 33,085 $ 11,026 $ 21 $ 120,582 Reserve for off-balance sheet credit commitments $ 2,747 $ 1,515 $ 138 $ 182 $ 6 $ 4,588 2017 Beginning Balance $ 49,203 $ 23,268 $ 34,864 $ 11,620 $ 11 $ 118,966 (Credit)/provision for possible credit losses (1,214 ) (3,549 ) 1,362 898 3 (2,500 ) Charge-offs (1,204 ) - (555 ) - - (1,759 ) Recoveries 491 49 289 8 - 837 Net (charge-offs)/recoveries (713 ) 49 (266 ) 8 - (922 ) March 31, 2017 Ending Balance $ 47,276 $ 19,768 $ 35,960 $ 12,526 $ 14 $ 115,544 Reserve for impaired loans $ 1,062 $ - $ 818 $ 395 $ - $ 2,275 Reserve for non-impaired loans $ 46,214 $ 19,768 $ 35,142 $ 12,131 $ 14 $ 113,269 Reserve for off-balance sheet credit commitments $ 2,243 $ 909 $ 120 $ 146 $ 6 $ 3,424 |