NYCB 2017 Annual Report

46 All mortgage loans in excess of $50.0 million and all other C&I loans in excess of $5.0 million require approval by the Mortgage Committee or the Credit Committee. Credit Committee approval also is required for specialty finance loans in excess of $15.0 million. In addition, all loans of $20.0 million or more originated by the Community Bank, and all loans of $10.0 million or more originated by the Commercial Bank, continue to be reported to the applicable Board of Directors, and all C&I loans less than or equal to $3.0 million continue to be approved by line-of-business personnel. In 2017, 172 loans of $10.0 million or more were originated by the Banks, with an aggregate loan balance of $4.2 billion at origination. In 2016, by comparison, 176 loans of $10.0 million or more were originated, with an aggregate loan balance at origination of $5.1 billion. At December 31, 2017 and 2016, the largest loan in our portfolio was a loan originated by the Community Bank on June 28, 2013 to the owner of a commercial office building located in Manhattan. As of the date of this report, the loan has been current since origination. The balance of the loan was $287.5 million at both year-ends. Geographical Analysis of the Portfolio of Non-Covered Loans Held for Investment The following table presents a geographical analysis of the multi-family and CRE loans in our held-for- investment loan portfolio at December 31, 2017: At December 31, 2017 Multi-Family Loans Commercial Real Estate Loans Percent Percent (dollars in thousands) Amount of Total Amount of Total New York City: Manhattan $ 7,399,409 26.36% $3,712,116 50.70% Brooklyn 4,340,472 15.46 563,867 7.70 Bronx 3,783,194 13.48 95,758 1.31 Queens 2,252,315 8.02 647,774 8.84 Staten Island 78,513 0.28 55,721 0.76 Total New York City $17,853,903 63.60% $5,075,236 69.31% Long Island 517,651 1.84 862,888 11.79 Other New York State 971,697 3.46 191,797 2.62 All other states 8,731,458 31.10 1,192,305 16.28 Total $28,074,709 100.00% $7,322,226 100.00 % At December 31, 2017, the largest concentration of ADC loans held for investment was in New York City, with a total of $337.4 million at that date. The majority of our other C&I loans held for investment were secured by properties and/or businesses located in Metro New York.