NYCB 2017 Annual Report

104 2017, loans on which concessions were made with respect to rate reductions and/or extension of maturity dates amounted to $44.6 million; loans on which forbearance agreements were reached amounted to $1.0 million. The following table presents information regarding the Company’s TDRs as of December 31, 2017 and 2016: December 31, 2017 2016 (in thousands) Accruing Non- Accrual Total Accruing Non- Accrual Total Loan Category: Multi-family $ 824 $ 8,061 $ 8,885 $1,981 $ 8,755 $10,736 Commercial real estate -- 368 368 -- 1,861 1,861 One-to-four family -- 1,066 1,066 222 1,749 1,971 Acquisition, development, and construction 8,652 -- 8,652 -- -- -- Commercial and industrial 177 26,408 26,585 1,263 3,887 5,150 Other -- -- -- -- 202 202 Total $9,653 $35,903 $45,556 $3,466 $16,454 $19,920 The eligibility of a borrower for work-out concessions of any nature depends upon the facts and circumstances of each loan, which may change from period to period, and involves judgment by Company personnel regarding the likelihood that the concession will result in the maximum recovery for the Company. The financial effects of the Company’s TDRs for the twelve months ended December 31, 2017, 2016, and 2015 are summarized as follows: For the Twelve Months Ended December 31, 2017 (dollars in thousands) Weighted Average Interest Rate Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Pre- Modification Post- Modification Charge-off Amount Capitalized Interest Loan Category: One-to-four family 4 $ 810 $ 986 5.93% 2.21% $ -- $12 Acquisition, development, and construction 2 8,652 8,652 5.50 5.50 -- -- Commercial and industrial 65 52,179 26,409 3.36 3.26 14,273 -- Total 71 $61,641 $ 36,047 $14,273 $12 For the Twelve Months Ended December 31, 2016 (dollars in thousands) Weighted Average Interest Rate Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Pre- Modification Post- Modification Charge-off Amount Capitalized Interest Loan Category: Multi-family 1 $ 9,340 $ 8,129 4.63% 4.00% $ -- $ -- One-to-four family 5 900 1,036 4.26 2.65 -- 11 Commercial and industrial 7 4,697 3,935 3.22 3.19 170 -- Total 13 $14,937 $13,100 $170 $11 For the Twelve Months Ended December 31, 2015 (dollars in thousands) Weighted Average Interest Rate Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Pre- Modification Post- Modification Charge-off Amount Capitalized Interest Loan Category: One-to-four family 4 $ 568 $ 619 4.02% 2.72% $ -- $ 6 Commercial and industrial 2 1,345 1,312 3.40 3.52 33 -- Other 2 193 213 4.58 2.00 -- 2 Total 8 $ 2,106 $ 2,144 $ 33 $ 8