ISBC 2017 Form 10-K & 2018 Proxy Statement

FORM 10-K INVESTORS BANCORP, INC. AND SUBSIDIARY Notes to Consolidated Financial Statements December 31, 2016 Pass Watch Special Mention Substandard Doubtful Loss Total (In thousands) Commercial loans: Multi-family $ 6,961,809 276,858 165,948 54,516 — — 7,459,131 Commercial real estate 3,900,988 373,319 134,154 36,733 — — 4,445,194 Commercial and industrial 900,190 344,628 23,588 6,877 — — 1,275,283 Construction 230,630 76,773 3,200 4,240 — — 314,843 Total commercial loans 11,993,617 1,071,578 326,890 102,366 — — 13,494,451 Residential mortgage 4,600,611 21,873 10,239 77,650 — — 4,710,373 Consumer and other 583,140 5,627 719 7,436 — — 596,922 Total $17,177,368 1,099,078 337,848 187,452 — — 18,801,746 The following tables present the payment status of the recorded investment in past due loans as of December 31, 2017 and December 31, 2016 by class of loans excluding PCI loans: December 31, 2017 30-59 Days 60-89 Days Greater than 90 Days Total Past Due Current Total Loans Receivable (In thousands) Commercial loans: Multi-family $ 7,263 7,652 203 15,118 7,787,717 7,802,835 Commercial real estate 19,355 778 11,519 31,652 4,509,695 4,541,347 Commercial and industrial 4,855 — 75 4,930 1,620,445 1,625,375 Construction — 295 — 295 416,588 416,883 Total commercial loans 31,473 8,725 11,797 51,995 14,334,445 14,386,440 Residential mortgage 15,191 8,739 54,900 78,830 4,946,436 5,025,266 Consumer and other 6,357 521 5,755 12,633 658,187 670,820 Total $53,021 17,985 72,452 143,458 19,939,068 20,082,526 December 31, 2016 30-59 Days 60-89 Days Greater than 90 Days Total Past Due Current Total Loans Receivable (In thousands) Commercial loans: Multi-family $ 5,272 1,099 234 6,605 7,452,526 7,459,131 Commercial real estate 6,568 31,964 6,445 44,977 4,400,217 4,445,194 Commercial and industrial 864 885 2,971 4,720 1,270,563 1,275,283 Construction — — — — 314,843 314,843 Total commercial loans 12,704 33,948 9,650 56,302 13,438,149 13,494,451 Residential mortgage 24,052 10,930 58,119 93,101 4,617,272 4,710,373 Consumer and other 5,627 719 7,065 13,411 583,511 596,922 Total $42,383 45,597 74,834 162,814 18,638,932 18,801,746 102