NYCB 2017 Annual Report

56 Asset Quality Analysis (Excluding Covered Loans, Covered OREO, Non-Covered Purchased Credit-Impaired Loans, and Non-Covered Loans Held for Sale) The following table presents information regarding our consolidated allowance for losses on non-covered loans, our non-performing non-covered assets, and our non-covered loans 30 to 89 days past due at each year-end in the five years ended December 31, 2017. Covered loans and non-covered purchased credit- impaired (“PCI”) loans are considered to be performing due to the application of the yield accretion method, as discussed elsewhere in this report. Therefore, covered loans and non-covered PCI loans are not reflected in the amounts or ratios provided in this table. At or for the Years Ended December 31, (dollars in thousands) 2017 2016 2015 2014 2013 Allowance for Losses on Non-Covered Loans: Balance at beginning of year $156,524 $145,196 $139,857 $141,946 $140,948 Provision for (recovery of) losses on non-covered loans 60,943 12,036 (2,846) -- 18,000 Recovery from allowance on PCI loans 1,766 -- -- -- -- Charge-offs: Multi-family (279) -- (167) (755) (12,922) Commercial real estate -- -- (273) (1,615) (3,489) One-to-four family residential (96) (170) (875) (410) (351) Acquisition, development, and construction -- -- -- -- (1,503) Other loans (62,975) (3,413) (1,273) (5,296) (7,092) Total charge-offs (63,350) (3,583) (2,588) (8,076) (25,357) Recoveries 2,163 2,875 10,773 5,987 8,355 Net (charge-offs) recoveries (61,187) (708) 8,185 (2,089) (17,002) Balance at end of year $158,046 $156,524 $145,196 $139,857 $141,946 Non-Performing Non-Covered Assets: Non-accrual non-covered mortgage loans: Multi-family $ 11,078 $ 13,558 $ 13,904 $ 31,089 $ 58,395 Commercial real estate 6,659 9,297 14,920 24,824 24,550 One-to-four family residential 1,966 9,679 12,259 11,032 10,937 Acquisition, development, and construction 6,200 6,200 27 654 2,571 Total non-accrual non-covered mortgage loans 25,903 38,734 41,110 67,599 96,453 Non-accrual non-covered other loans 47,779 17,735 5,715 9,351 7,084 Loans 90 days or more past due and still accruing interest -- -- -- -- -- Total non-performing non-covered loans (1) $ 73,682 $ 56,469 $ 46,825 $ 76,950 $103,537 Non-covered repossessed assets (2) 16,400 11,607 14,065 61,956 71,392 Total non-performing non-covered assets $ 90,082 $ 68,076 $ 60,890 $138,906 $174,929 Asset Quality Measures: Non-performing non-covered loans to total non-covered loans 0.19 % 0.15 % 0.13 % 0.23 % 0.35 % Non-performing non-covered assets to total non-covered assets 0.18 0.14 0.13 0.30 0.40 Allowance for losses on non-covered loans to non-performing non-covered loans 214.50 277.19 310.08 181.75 137.10 Allowance for losses on non-covered loans to total non-covered loans 0.41 0.42 0.41 0.42 0.48 Net charge-offs (recoveries) during the period to average loans outstanding during the period (3) 0.16 0.00 (0.02) 0.01 0.05 Non-Covered Loans 30-89 Days Past Due: Multi-family $ 1,258 $ 28 $4,818 $ 464 $33,678 Commercial real estate 13,227 -- 178 1,464 1,854 One-to-four family residential 585 2,844 1,117 3,086 1,076 Acquisition, development, and construction -- -- -- -- -- Other loans 2,719 7,511 492 1,178 481 Total loans 30-89 days past due (4) $17,789 $10,383 $6,605 $6,192 $37,089 (1) The December 31, 2016, 2015, 2014, and 2013 amounts exclude loans 90 days or more past due of $131.5 million, $137.2 million, $157.9 million, and $211.5 million, respectively, that are covered by FDIC loss sharing agreements. The December 31, 2016 and 2015 amounts also exclude $869,000 and $969,000, respectively, of non-covered PCI loans. (2) The December 31, 2016, 2015, 2014, and 2013 amounts exclude OREO of $17.0 million, $25.8 million, $32.0 million, and $37.5 million, respectively, that were covered by FDIC loss sharing agreements. (3) Average loans include covered loans. (4) The December 31, 2016, 2015, 2014, and 2013 amounts exclude loans 30 to 89 days past due of $22.6 million, $32.8 million, $41.7 million, and $57.9 million, respectively, that are covered by FDIC loss sharing agreements. The December 31, 2016 amount also excludes $6 thousand of non-covered PCI loans. There were no non-covered PCI loans 30 to 89 days past due at any of the prior year-ends.