NYCB 2017 Annual Report

58 Each of the preceding allocations was based upon an estimate of various factors, as discussed in “Critical Accounting Policies” earlier in this report, and a different allocation methodology may be deemed to be more appropriate in the future. In addition, it should be noted that the portion of the allowance for losses on non-covered loans allocated to each non-covered loan category does not represent the total amount available to absorb losses that may occur within that category, since the total loan loss allowance is available for the entire non-covered loan portfolio. Asset Quality Analysis (Including Covered Loans, Covered OREO, and Non-Covered PCI Loans) As previously discussed, we sold the covered loan portfolio during the third quarter of 2017, accordingly, the following table presents information regarding our non-performing assets and loans past due at December 31, 2016 only, including covered loans and covered OREO (collectively, “covered assets”), and non -covered PCI loans: (dollars in thousands) At or For the Year Ended December 31, 2016 Covered Loans and Non-Covered PCI Loans 90 Days or More Past Due: Multi-family $ -- Commercial real estate 612 One-to-four family 125,076 Acquisition, development, and construction -- Other 6,646 Total covered loans and non-covered PCI loans 90 days or more past due $132,334 Covered other real estate owned 16,990 Total covered assets and non-covered PCI loans $149,324 Total Non-Performing Assets: Non-performing loans: Multi-family $ 13,558 Commercial real estate 9,909 One-to-four family 134,755 Acquisition, development, and construction 6,200 Other non-performing loans 24,381 Total non-performing loans $188,803 Other real estate owned 28,598 Total non-performing assets $217,401 Asset Quality Ratios (including the allowance for losses on covered loans and non-covered PCI loans): Total non-performing loans to total loans 0.48% Total non-performing assets to total assets 0.44 Allowance for loan losses to total non-performing loans 96.39 Allowance for loan losses to total loans 0.47 Covered Loans and Non-Covered PCI Loans 30-89 Days Past Due: Multi-family $ -- Commercial real estate -- One-to-four family 21,112 Acquisition, development, and construction -- Other loans 1,542 Total covered loans and non-covered PCI loans 30-89 days past due $ 22,654 Total Loans 30-89 Days Past Due: Multi-family $ 28 Commercial real estate -- One-to-four family 23,956 Acquisition, development, and construction -- Other loans 9,053 Total loans 30-89 days past due $ 33,037