ISBC 2017 Form 10-K & 2018 Proxy Statement

FORM 10-K INVESTORS BANCORP, INC. AND SUBSIDIARY Notes to Consolidated Financial Statements The following tables present the total TDR loans at December 31, 2017 and December 31, 2016. There were four residential PCI loans that were classified as TDRs for the period ended December 31, 2017. There were three residential PCI loans that were classified as TDRs for the period ended December 31, 2016. December 31, 2017 Accrual Non-accrual Total # of loans Amount # of loans Amount # of loans Amount (Dollars in thousands) Commercial loans: Multi-family — $ — 1 $ 918 1 $ 918 Commercial real estate — — 4 14,489 4 14,489 Commercial and industrial — — 1 1,287 1 1,287 Total commercial loans — — 6 16,694 6 16,694 Residential mortgage and consumer 49 10,957 71 16,298 120 27,255 Total 49 $10,957 77 $32,992 126 $43,949 December 31, 2016 Accrual Non-accrual Total # of loans Amount # of loans Amount # of loans Amount (Dollars in thousands) Commercial loans: Multi-family — $ — 1 $ 248 1 $ 248 Commercial real estate 2 352 4 3,240 6 3,592 Commercial and industrial — — 2 1,688 2 1,688 Total commercial loans 2 352 7 5,176 9 5,528 Residential mortgage and consumer 40 9,093 61 15,731 101 24,824 Total 42 $9,445 68 $20,907 110 $30,352 The following tables present information about TDRs that occurred during the years ended December 31, 2017 and 2016: Years Ended December 31, 2017 2016 Number of Loans Pre- modification Recorded Investment Post- modification Recorded Investment Number of Loans Pre- modification Recorded Investment Post- modification Recorded Investment (Dollars in thousands) Troubled Debt Restructurings: Multi-family 1 $ 929 $ 929 — $ — $ — Commercial real estate 3 20,225 15,787 6 1,289 1,289 Residential mortgage and consumer 27 5,445 5,345 27 4,538 4,538 Post-modification recorded investment represents the net book balance immediately following modification. All TDRs are impaired loans, which are individually evaluated for impairment, as discussed above. Collateral dependent impaired loans classified as TDRs were written down to the estimated fair value of the collateral. There were charge offs of $4.8 million for collateral dependent TDRs during the year ended December 31, 2017. There were no charge-offs for collateral dependent TDRs during the year ended 106